[laughter] >> francine, do you reread? >> uh, yeah. well, yeah. i just wrote a piece for you, but i reread the russians a lot. i reread chekhov as often as i can, and actually i'm trying to write something about trying to reread chekhov and everything else get anything the way. >> we have a russian review of the book review coming next weekend, sort of thanksgiving counter-programming. and francine wrote an essay about answering the question what's so great about russian literature, why do we keep returning to to the 19th century russian novelists. do you reread? >> i reread "dwroon eggs and ham -- green eggs and ham," all the time. [laughter] my mother was worried about me because first grade was looming, and i couldn't read, so she gave me "green eggs and ham" to read, and i had this horrible time with it. especially, i remember crying over the word dark because i'd learned that a and a was the two sounds a made, and here was this hybrid sound. and i got to the end, and she made me green eggs and ham with good coloring. and it tasted good, but o

he is joined by francine prose, who is the author of 20 works of fiction. her latest book is "recovers at the cam millan club -- camillean club." also on the panel this morning is walter moseley, the author of more than 40 books, most notably, and i'm certain there's fans in the audience -- the easy rawlins mystery series. his latestes rolled gold, a story taking place during the patty hearst era. ladies and gentlemen, our panel. >> so, in 2012, when i started "by the book" i had few motivations. while i would like to believe as the editor of the book review that the only reason people ever buy books is based on book reviews, especially those in "the new york times," i know that occasionally there are other ropes people pick up a book, and one of the ones that is most commonly cited is word of mouth. the book that everyone is talking about in the office, that your best friend recommends, the book that is the current controversy. so, i thought, well, how do i get at that word of the mouth in the book review? and i came up with this idea that i kind of think

francine lacqua is at flacqua.couple of minutes. ♪ >> there will definitely be a big bubble in china. not yet, but it is building up to be that and it will be the same story over and over again. we have seen that play and not only in china but in other markets around the world. but in the meantime, you have got to be in on this, particularly if you see value, which we do see in many of these companies. >> welcome back. that was franklin templeton's mark mobius speaking to us in an exclusive interview earlier on in the program. >> let's continue our conversation about what's happening in asia. the region's richest man, jack ma, has claimed the title of the wealthiest person in asia. he is 50 years old and worth $28 billion. joining us now for more on what you can call a pretty good year r the alibaba founder is rob lafrank lloyd wrighto. -- lafranco. >> if there is anybody out there who doubts this is chinese century. it has not been a race among the world's wealthiest people. the chinese have dominated this year. j

i'm francine lacqua and these are bloomberg's top headlines.one is exploring a combination with liberty global. vodafone andn liberty would create a phone, internet and tv giant worth more than $130 billion. vodafone is holding internal deliberations about the linkup but there are no formal negotiations underway. swiss voters rejected all three ballot proposals put forward in a referendum on sunday. they voted against a measure requiring their central bank to hold 20% of its assets in gold. another would have introduced strict immigration protocol and a third would have abolished the system allowing wealthy foreigners to duck income and wealth taxes. george osborne has given an indication of what his priorities will be when he presents his statement on wednesday. speaking on the bbc, osborne said that improving britain's export competitiveness would be a focus? >> we need to do more. we need to improve our productivity. we need to make sure we export more. inn our main export markets europe are week, we need to look further afield. we need to m

i am guy johnson. >> i am francine lacqua.e pulse." >> the greek parliament passed a 2015 budget last night but it has not reached an agreement. a country where the creditors will receive the final eight of payments of 7 billion euros. in you prime minister's -- finance ministers meet in brussels today. angela merkel will increase pressure. our international correspondent, hans nichols, from berlin. this euro cauldron. we haven't talked about greece. everybody has been told by greece. what are they saying? >> they are saying conflicting things. both heading into a meeting in brussels. you have schauble saying greece will need more time. they always need more time and he is confident that while some sort of financing and agreement on agrees. another one has a different take or be he said he is not confident and does not know whether it will be a short-term extension and in greece is going to get the requisite amount of funding. look at the calendar on this, the real cut off date is december 14, 15th you could argue the cause of

francine is off today. she will be back tomorrow i promise you.berg top headlines. itsworld bank is cutting 2014 growth outlook for countries damaged by ebola. light beer it will be the only one to expand next year. the report says that the cost of costutbreak could billion's. this is the world bank statement. russia scrapped a national gas pipeline. move forward with plans to ship more fuel to turkey. this would've taken natural gas under the black sea. it would've reduced ukraine's leverage. gassywill be a different -- black sea pipeline. report from hedge fund hedgech group says that funds of post of the worst average performance, 2% so far this year. what is going on this morning? jonathan ferro is with us. we saw a little bit of a rally in germany. they went through 10,000 points. now they are back to tenths of 1%. up 5100 here in london. oil majors are advancing costs. this is a bit political. the focus is on crude. crude is not rallying. it was up 3% yesterday, but down 1% today. you know the story. i will bring you the story over the last

i am francine lacqua.e pulse." live from london. >> 4 years after inheriting the biggest budget deficit since 1945, george also aren't will will giveorge osborne his last autumn statement before next year's general election. halfway towards his goal of returning public finances to surplus. >> what can we expect? what will it mean for britain? we bring you coverage. >> that happens at 12:30. . we will take that live. we look forward to that. we need to analyze what we can expect. theser hour, will statement get the market signals? the ones we are looking for. what will we find out that we do not already know? pimco's mike amey will be joining us. thelso, lucy oh carol, chief economist from aberdeen asset management. chancellor gets his last chance to shape the economic agenda. we talked about a range of issues. one of which is how business will be affected. we've seen funding for lending expected. are we going to see a discussion .bout reforming business rates we will do that with john mills later. mark bar

you can tweet francine as well. break, i head into want to bring you what is happening for the equity markets in europe. bit of a black tuesday for the greek market. wednesday not shaping up to be that much better. 3%, but thatown by 3% on a fairly significant fall yesterday. we haven't bounced like the rest of the european equities space. athens down another 3.1% this morning. we are going to take a break. see you in a couple minutes. ♪ companies the largest in the world, including those in the tech sector, use elaborate structures to avoid paying taxes. i'm introducing a 25% tax on profits generated by multinationals rum economic activity in the u.k. which they artificially shift out of the country. that is not fair to other british firms. it is not fair to the british people either. we are putting a stop to it. autumn was the statement, chancellor george osborne, him laying out the as thoseh google tax in westminster are calling it. this is a tax aimed at multinationals. today, we get the details. we find out the

>> i think it is very important, francine. the previous eltros are expiring.eople are paying that money back. it is equaled out by the new funding program. a lot of people think it will be as ugly as a pickup in the september pickup. the pressure is on. >> we may be in a slightly different situation. >> it would be even more disappointing. >> you're living in la-la land if you think this is going to be a significant game changer. ltro's ree-year weren't that different from this program. we have several years of examples showing these liquidity programs led to no credit in the euro area. they are still hoping there will be demand for the next operation. > formalizing the e.c.b. statement, the commitment, this idea they will get the balance sheet up a trillion euros. the second one was to come out and say we're going to -- inflation expectations fast. to do that, you have to bring something to the table whether it is now or next year. something has to come. >> to what level will they come down? just align themselves are i.m.s.? >> i think even more sporpt what t

francine, guy? nichols nichols, you are our international correspondent so could me some international correspondence. >> inheritance tax laws are notoriously difficult to compare. when you look at germany, basically you are taxed potentially your highest income level. let's say you have an estate that is more than one million ways, that can go all the up to 50% if you are in germany. in france, it is 40%. the netherlands, 10% to 20%. take a look at the netherlands and how complicated taxes is, at least inheritance tax. you have a set limit of 114,000 euros -- 118,000 euros. if you have a partner, it is in a 10% range. if you give to grandchildren, it is in the 18% to 35% range. to some random person, 30% to 40% range. tax harmony, you will see a lot of well-paid lawyers and accountants out of work. >> great reporting. thanks very much indeed, hans nichols joining us from berlin. >> coming up, the oil plunge puts pressure on alternative energy. ♪ "> welcome back to "the pulse live on bloomberg tv an

francine, this is the executive summary of the report.-forth between the white house, senate republicans, senate democrats. the white house says there is no good time for this report to come out, but they expected to come out today. there have been some phone calls between secretary of state kerry and his old senate colleagues, warning them that the release of this report could have consequences. we are going to be looking at countries where so-called black sites were operated are named. it is likely they will be whitewashed. will be interesting to see whether there are protests in some of these countries where there may have been cia black sites. >> i will pick it up. thank you very much indeed. tomorrow,ck note for the german finance minister as we prepare for presidential elections in athens. >> that is it for "the pulse." "surveillance" is next with tom keene and his team. you can follow both of us on twitter. see you tomorrow. ♪ . times of theks and quality of that collateral as oil continues to defend -- descend. expect the unexpect

balls speaking to francine lacqua. breaking news?ust this morning we are finding out that they are acquiring friends life. they will buy friends life for 5.6 billion pounds. aviva and friends life have reached a packed. the friends life shares will get new aviva shares in the proposed purchase values each friends life share. aviva 15% to the closing price. 340 -- a premium to that gets you three headed 70 pence. -- 370 pence. aviva management saying this deal secure their position as the leading insurance business. scrambling in orion are they? that was on the annuity business and what more changes will he make in the legislation coming up? >> will have a conversation shortly with a pensions expert. back to british politics, the man ed balls wants to replace is a shadow chancellor. among other measures he could signal the corporation tax, could we give all to northern ireland? such a move would be politically significant and hand a chance to compete with low business in the republic of ireland. >> one-story we are tracking is the rub

i'm francine lacqua. >> i'm guy johnson. couple interesting lines coming out of the press conference. the russian president saying the central bank shouldn't waste reserves on the market. good to hear about intervention -- independent central banking. don't you think? >> he's also saying, the central bank is acting properly. he was responding to criticism of his central bank governor. mustalso saying that work be done daily to control prices. after he was talking about the economy in general, now addressing the markets following incredible moves on the ruble. >> listen in? let's do that. >> you know that these measures -- you understand very well -- red tape is the worst danger in russia. decisionshe important are drowning in red tape, including the presidential decisions, how confident are you that what you are stating here, your decisions, your ideas, are going to be implemented and fulfilled and that your optimism is going to be confirmed by real steps, real actions? >> as you know, insurance is the only thing that can ma

we are joined now by francine lacqua. japan -- >> japan, we have that news from moody's.graded japan. this has also its of implications for the japanese yields. it has a lot of implications also from the prime minister. we are looking at elections. what does it mean? if you go to the votes, and you see that you have just been downgraded, you think twice maybe about reelecting. that means abenomics once again put in question. whatll also go through vladimir putin is expected to do in turkey. and i have a little technology. it is cyber monday. -- youk to a guy from know what they do? you say, jonathan ferro, one of the smartly dressed people in knowewsroom, i want to where you buy your things from. so i have a picture on my iphone and it tells me where you shop. this is the future of retail. we speak to the man who came up with the technology. >> i'm kind of concerned about that. japan september 14. that is the election date. questioning abenomics. effectively questioning the politics behind abenomics and his ability to strive through those reforms. way, you look at it this

it is my last day before leave for christmas francine lacqua has been busy.up with europe's biggest movers and shakers. they talked about what to expect in the year two come. -- to come. >> i am always amazed the strength of the u.s. economy, incredibly strong. productive, creative, innovative. they focus on getting -- growth. that is something the eurozone is only starting to understand. by funding the economy. they focus on finding the economy. >> i have a question. >> go for it. you can play my role. >> you can -- [laughter] [indiscernible] ey havestion is maybe th4ey h goingight in lehmann bankrupt. do you believe in hindsight it was a good move or a wrong move? >> francine lacqua joins us now. the show airs at 5:00 p.m. u.k. time. big names around the table. what was the market cap? >> it is above 100 billion euro s. he had a tough year. he took it personally when he had to pull away from the merger. massina had a great year. >> maurice levy always looks happy. >> he's not. he has a temper. show.e for a cracking said, i even forgot the camera's were ther

francine is not here today. fed up, frustrated, and fighting back. that is the line we are going with this morning. french unemployment is at a record high but the big as companies have launched a pr bonanza to hopefully restore the nation's reputation as a good place to do business. french]lled [speaking which we think roughly translates as "bank on france." caroline connan has the details. who is there, what are they talking about? as,ou can translate that let's bank on france. it is all about boosting the image of france when the french economy has barely grown and is expected to grow by 0.4% this year. some comments a few months ago from the ceo, saying that france was finished. the idea here is to fight against these kind of comments, against what they call french bashing. the economy minister had a conference yesterday. we got a very bad unemployment number for the third quarter that came out at 10.4%. i asked emmanuel make an what could be done about these jobless numbers in france. have a listen. >> i never react to numbers. i have no reactio

my first interview was with francine. i think it is important for the symbol in which you can say, ok, you are saying the right thing. >> do enjoy it? do you enjoy that? it is a battle of the wits? >> i enjoy the fight. because, we are in a competitive world. obviously, everything is a fight. when i'm defending a ground, it's a fight against the competition. what i don't like is some fights, particularly with a british knight which are going on the nasty. it is useless and mean and without interest. when i win, i am happy for five minutes. sometimes less. when i lose, i am disappointed for one minute because i'm going immediately to the next fight. >> a lot of what we do, i don't know if you agree, a lot of what you do is you have to be there. there's a great african proverb that says your heart and your feet always travel together. this is what you say to someone who tells you, marie's, i love you but i cannot be at your sons 's wedding. if you care, york feat will take you there. >> you would outsource? >> i never feel

they named her francine and they call her frankie. >> glad he made it. >> dude goes for a ride on a snowmobile he's off the hill. >> find out what really sends him flying. >> plus where these rats were found nibbling on the goodies. [ [ mamalele a annnnououncncer ] megan doesn't know that coffee breaks down tooth enamel. thankfully, she uses act restoring mouthwash. itit r rebebuiuildlds s tooth enamel making yoyourur teeth two times stronger. acact.t. s smimilele strong. babackck p paiain?n? geget t the same kind of therapy wiwiththouout t anan a appppoiointntmementnt. smsmarartrtrelelieief f frfromom i icy hot. a a wawaveve o of f rerelalaxixing pulses ththatat b blolockck e eveven n chronic pain. smsmarartrtrelelieief.f. mymy s skikin'n's s soso d dryry a and itchy. right there. oh! makes me crazy. [ [ mamalele a annnnououncer ] relief starts now. golold d bobondnd extra strength medicated lotion hahas s a a popowewerfrful itch-fighter to relieve all day. ggolold d bobondnd. >>> this is a classic case of your pet don't lis own to you. poncho is a chihuahua. he is told not to go on the bed.

. >> francine. >> my good friend and partner is typically john is talking about how ok, yeah well, theepublicans have got the senate and they're going to have 54 votes, but they need six more. on a lot of issues, on most except budget, they need 60. and he's looking to see if there's a fulcrum appointed, if there's six democrats that might be willing to maneuver the way john used to. he used to give tom and me both heartburn because sometimes he was moving against me and the reverse. if that group of somewhat more moderate democrats decided we're going to be a part of trying to finding the 60th vote to get some things done, they could have a lot of influence around here. >> francine? >> so much has been talked about with mcconnell and what he will majority.michae i would like to ask about the flipside. minority.ing into the what is his task as minority leader? >> i think it is to lead and ways to aheave some common ground -- achieve some common ground. week thatmething last i thought was encouraging. he said we are not going to get payback. if he meant that, and i assume he did, he alw

bloomberg's francine lacqua has been catching up with some of europe's corporate movers and shakers.aurants talking about the toughest challenges of 2014 and by next year is shaping up to be a good one. >> i'm always amazed by the strength of the u.s. economy. it's incredibly strong,, creative, innovative. they really focus on getting growth. it's something the eurozone is .nly starting to understand they're focusing on funding and economics. >> i don't want to say you're wrong -- >> go ahead. you can. [laughter] >> the question is maybe there have been -- they have been lehman going bankrupt. to believe now, in hindsight, a good move or the wrong move? >> you can see the full program "leaders lunch" with france in the clock at 5:00 p.m. u.k. time. we are going to take a short break. ♪ . . breaks ranks on russian sanctions. he becomes the first major european union leader to suggest easing moscow's economic pain. >> the impact of sanctions on russia's currency crisis. with gaz an asset swap prom collapse it and we have an exclusive interview with audi. >> a busy 24 hours in the airli

. >> i am francine lacqua. breaking pmi data slightly ahead of expectations.mi rising. 51 point five. just half a basis points higher than expected. if you look at the competence of each country, it is the same as manufacturing that was week and some parts. >> we have to put up. for in percentage terms. we are trading at highs on the back of a composite number we have had out. i think what will be fascinating is to see how the european economy reacts to significantly lower oil prices. russia. let's talk about russia and what is happening there. the backbone for the ruble. the russians situated and cruising entries rate to 70% overnight to defend the currency. that went well. -- the russian central bank 17% overnight to defend our currency. >> they lost percent of their value yesterday and you have to go back to 1998 to see a similar day loss. and a rate hike and today, the ruble has given up all of the gains on the back of that and is down against the dollar. i have to look at the screen, it keeps changing. six and six rubles to the dollar. -- 66 rubles to the

francine lacqua is off today. she will be back in the new year. lithuaniahave we got, preparing to join the euro. we are going to speak to the lithuanian finance minister. is his country ready for the move? we are going to find out. over theing to talk next few minutes about the a350. what is the a350? compositee new have aluminum aircraft from airbus. with designed to compete the 787. it is super efficient compared with its predecessors. qatar airways is the launch customer. i was talking to fabrice bregier about this airplane. he has high hopes for it. this aircraft is sold out. despite the fact that oil prices are lower, airlines still very much want this airplane. it makes a big difference. oil prices are down but if you can still fly the most efficient airplane, you can offer the cheapest tickets. in a few minutes, we are going to speak to the boss of qatar airways. looking forward to that conversation. let me update you on the markets. it is monday morning in the week before christmas. you are going to be seeing very light volumes. we are re

. >> francine. >> so much has been talked about with mcconnell and what he is going to do with his new majority and so on. i'd like to ask about the flip side, senator daschle. reid is going into the minority now. what is his task as minority leader? >> i think it's to lead. i think it's to find ways to achieve some common ground. he said something last week that it thought was very encouraging. he said, we're not going get into payback. if he meant that -- i assume he did -- he always speaks from his heart -- my guess is that they're going to be opportunities on the array of issues we have already talked about, where there could be some common ground. it wouldn't have to take those six people that john is going do be looking for. you could do it with 60 or 70 votes. and that's possible, depending on how democrats look at their role. it seems to me it's in harry reid's interest to accomplish as much as we can in the final two years of the obama administration. obama has two more years of opportunity, and i find, is a look back, some of the most productive years of any administration ar

. >> i'm francine lacqua.

title sequence talks about francine lacqua, who is not your either. only one here. 30 minutes into the trading day, our markets shaping up? broadly higher. most markets are trading higher. it is very strong session in the u.s. yesterday. the bulk of that has been priced into the european session. nevertheless, the positive momentum is there. a lot of markets not open today. for work.g up they are around europe, enjoying themselves, waiting for christmas. german bank is not open today. in terms of stocks that are on the move, let's take a look at what is going on. ryan chilcote is here with what we need to be watching. >> nevermind the fact that next to no one is trading today. there are stocks to pay attention today. smith and nephew on fire. er hase known that stryk been interested in for a wild. they make artificial hips and medical devices. that deal could close within weeks. to pay attention to is heidelberg cement. finally, ocado. we have to do the online brochure. despite the fact that we know that guy johnson just got his ocado delivery and 11

andy thomas and francine blake. >> a crop circle researcher headed out with a video camera to see if he could see ufos or maybe crop circles. and he went to an area where many had appeared over the years. so, he went in the early hours of the morning, it is claimed. >> he came here on his own, therefore. and it started to rain at about 10:00. but it rained very heavily. i mean, a real downpour. i've never seen rain like that. it was very heavy. it caused flash flood in a village down the hill there. >> he puts up a tent and goes to sleep. at daybreak, something wakes him. >> he heard a clicking noise, like crickets, he described. when he trained his camera on the area where he heard the noise, he started filming. >> what he catches on camera is perplexing. >> then he sees these little balls of light who make the crop circle. it's question of -- it's not even a second. it's very, very quick. he was startled. >> the mysterious balls of light appear out of nowhere and hover over the field. but watch what happens under the lights. >> underneath the lights, you could see this snowflake-li

. >> francine. >> my good friend and partner is typically john is talking about how okay, yeah well, the republicans have got the senate and they're going to have 54 votes, but they need six more. on a lot of issues, on most except budget, they need 60. and he's looking to see if there's a fulcrum appointed, if there's six democrats that might be willing to maneuver the way john used to. he used to give tom and me both heartburn because sometimes he was moving against me and the reverse. if that group of somewhat more moderate democrats decided we're going to be a part of trying to finding the 60th vote to get some things done, they could have a lot of influence around here. >> francine. >> so so much has been talked about with mcconnell and what he is going to do with the new majority. reid subpoena going into the minority now, what is his task as minority leader? >> i think it's to lead. i think it's so to find ways to achieve some common ground. he said something last week that i thought was very encouraging. he said, we're not going to get into payback. if he meant that, and i as

francine lacqua is not here today. we are live from the european headquarters in london.-- our top story, voting about to get underway in the greek parliament. unlikely the prime minister will be able to get his candidate confirmed or in the third round of voting on the 29th. elliott gotkine is standing by. he is monitoring the situation. what is the lie of the land? they will either shout out i , or they will shout out is they want to support the government's choice for president. highly unlikely the government gets its manning gets the vote stavros into the government. all focus will be on the third round on december 29th. stavros has been doing his best to get people to vote with him. he went on television a couple of days ago. would be happy to broaden his coalition. if lawmakers vote for stavros a generaloffered election moved forward from mid- 2016. ands saying we must political uncertainty. --thinks greece needs to negotiations when the current bailout dale -- the bailout deal and's on -- negotiations when the current bailout deal ends. >> this has sent shockwaves

. >> i wish francine was here sometimes. is replacing dimarco. the jewel in the crown of them, the brand that kept that a luer of exclusivity. interestingly the prominent brand that continues to outperform their pinching their talents on. that seems to be the training ground. the new leadership. but no new creative directors yet? >> could we have another moderate problem on our hands. mulberry problem on our hands. will leavee director her position february 12 and 15th. that happens a 25th of february and after that she will leave that they have not yet appointed a new creative director but she has been a gucci a long time. back in september 2 dozen to she started lead designing handbags of gucci and then took over as creative director 2006. both of these people are celebrated within the statement that has come out today. don't forget the legacy of gucci, they've had a bad time in the last year but this is a 93-year-old fashion house. they have managed to really drive up revenues and have managed to expand their brand internationally and they say

i'm francine lacqua. >> these of the top headlines.s won a sweeping victory over the weekend. as his coalition won two thirds ,f the seats in the lower house lower -- voter turnout was lower. it strengthens his mandate to continue with his program of economic reform. >> dick cheney has defended the enhanced interrogation techniques. he said the u.s. senate report was seriously flawed. the use of techniques such as waterboarding had been effective. we have avoided another mass casualty attack. we did capture bin laden. i'd do it again in a minute. united arab emirates are saying opec will not cut output even if oil drops to $40 a barrel. the $30 million a day target agreed to in november will remain unchanged for now. the market will stabilize itself and that current conditions do not justify emergency needs. >> let's give you an update of you need to know. jonathan ferro, over to you. >> and ugly week for european stocks last week. you are not getting any rebound today. gains in italy and spain and london. we are up by 8/10 of 1%. let'

francine lacqua asked for their reflections on the year that was, what sahara, and why there are somethe job they cannot stand. here is a quick look. >> i don't like dealing with politicians. that is the reason why we never do political advertising. >> [indiscernible] it's another world. >> another world. >> what world? >> a world where sincerity varies with the weather. >> the most important ingredient to success is sincerity. [indiscernible] francine'scatch onversation coming up friday, december 19 at 5:00 u.k. time. children's films are rife with murder and mayhem and can contain more violence than gory 's such ashoot them up "pulp fiction." academics compared the top 45 grossing child films of all time to the dolphins. adult films. shocking. "bambi,"e shootings in "peter pan," stabbings in "beauty and the beast," animal attacks in "how to train your dragon," and finally come if you want a hasslefree, death-free dalmatians"lm, "101 or "the jungle book." good morning. what have you found? >> this is rather intriguing. >>this is in "the wall street journal." keep an eye out there. ri

francine keeper from the christian science monitor. i'm looking forward to the next congress and wondering what advice you might have if you were doing an orientation for the fresh men senators coming in, based on your own experience, you own class through here, what advice you might give them for coming into this congress the next one. >> oh, you're kind of stepping on my closing speech a little bit. >> give me a piece of it. >> i'd say the thing that ought to reign is the constitution. not what party leaders want. not even what your electorate wants. the reason i think our country's in trouble and i really think it's in trouble, much more trouble than when i came here is because we've abandoned the very tenets that made us successful. and i believe enumerated powers are so routinely ignored in this body. they were pretty well destroyed between 1937 and '44 under the roosevelt tutelage and then the johnson tutelage. but think need to be re-established because we can't run this government. nobody can run this government today. and so i