that, and certainly if there are suggestions from the public on this but to me that seems to be a fundmental piece that i wish was addressed by the legislation. >> chair wiener: president chiu, that is inherently speculation, nobody knows. to believe one side or another to me is something that we should not be doing. two things that i would articulate. first of all owner occupancy rules dictate there needs to be owner occupancy for a number of years before this is to be eligible for the condo lottery. in most instances it's three years for a certain amount of tenants for larger buildings it gets more complicated. the even potential chance for that to happen is years down the road. second of all what i would articulate is -- and ask any of the t.i.c. owners that speak with us today -- the desirability of t.i.c.s especially because of the financing market over the last few years has gone down significantly. i've had a significant number of friends, people in my community that own t.i.c.s that when they try to sell them is much more challenging. so i would suggest the desirability of these unit

. >> it is it all about hollywood saving the world for islamic fundmental mr. #2: . movie about boly wood is always the ones that wins. >> god, i hated the artist . what i nind amazing. ziro dark 30 gets slammed and so instead you vote for argo. it is it loosely based on reality. >> even jimmy carter said it false. >> ignore the obnoxious people. if is it better for up. birney - you agree to let it g. arguing back and forth when you respond positively. if someone said you are an obnoxious twirt. say thanks . it drive them nuptless. >> you are giving thim attention. >> it is debatable . like i said. i you send to chickings and i give up. >> you are talking about that again. >> yeah. chris, walter. if you ignore someone on the internet how do they know? >> yes. >> i assume you don't respond. >> you could not see it >> it is it an absence. how do you know i am ignoring you or unconscious. >> i do the same. everyone is ignoring me. >> andrew. >> he is right. it works in your case. >> i learn from experience. >> oh. i am not looking for sympathy. >> well, you got it >> i

you say americans fundmentally don't want big government. i worry that's not the case, but in any event, let's assume it is. why do we keep electing big government politicians? >> that a fair question. i don't know that americans don't want -- i thought that up until the last election and i was a little surprised. i still don't think they want that. when you ask them the question they say they don't, over and over they say -- it's a very high percentage -- they don't want government. but unfortunately a lot of people can't integrate what that means. they don't want the consequences of not having big government. what they want is a free lunch. they don't want too have to pay taxes and want all these benefits they that can't be caught paying taxes. so it's an intellectual disconnect and lack of integration, and that's the fundamental issue. that's where maybe the objective arguments are more important, where we show them this doesn't work and i particularly think we've got to show older people how bad it is for their children, and i don't thin

what i do is represent the american business community who believes that one of the three fundmental things in an enterprise economy is human capital, and we don't have enough of it. >> neil: that doesn't seem like amnesty. >> absolutely not. it wouldn't work. i am -- bads i don't want a situation that gives everybody -- thinks they ought to hurry up before it happens and most of them don't come over the border. most get a visa, fly into the united states and then disappear, and there's a lot we can do about that. where we are now, we desperately need a legality system, we need high-tech people. we need special parttime and seasonal workers. why too you think that my extraordinary discussions and working relationship on this subject with mr. trunk that runs the afl-cio, because we both understand this is all about human capital. >> neil: you seem to be ticking everybody off. >> i've done that before. so have you. >> neil: by this team next week all be zombies though street, and mr. ed on our dinner plates, but before we get to those cuts to come, maybe, maybe time to cut to the chase

we're in at the moment, any of the selloffs are nothing other than buying opportunities, nothing fundmentally changed between yesterday and today, and i think the shorts, plus all the money sitting on the sidelines trying to wish them down, you know, talking about nothing more bearish than a sold out bull last week -- liz: exactly. >> there's nothing more bearish than a sold out bull. you can't wish them down. everyonements to buy them. liz: john, do you agree, you can believe it's going down, but it's not. it went up, the yield on the 10-year, now at 2.01 at last check. what do you read into that because our investor audience own a loot of treasuries here, particularly, at the 10-year level. >> it's funny. 10-year levels below sunday night. there was a ripple out of the european political drama yesterday, italy and spain, reversed in the overnight, risk assets, and yields climb back higher a little bit at 2%, 2.01, liz, still little value to be found, if any, in ten-year treasuries, but the global macroeconomic data is beneficial for risk assets given the backdrop of the central banks. t

until that fundmental divide is bridged it is hard to see a solution. either at the sequester point next week or at the cr point march 27 when the government runs out of money. >> it is such a power play. it makes you wonder who has the short-term vision and who has the far sight to figure this one out. power panel for today. thanks to you. ruth marcus, james peterson, chip saltzman. appreciate it. coming up, another bombshell in the blade runner murder case. oscar pistorius' brother facing charges for the death after woman five years ago. the other oscar everybody talking about today. big night at the academy awards. especially for political movies. our big question today -- count down sequester. what are you most concerned about if those budget cuts take effect? chances are, you're not made of money, so don't overpay for motorcycle insurance. geico, see how much you could save. >>> new drum a surrounding oscar pistorius. accused of killing his girlfriend. he is not the only member of his family facing charges. his brother, carl, is accused of the deat

first, that the gulf war was a fundmentally transformative moment for the american engagement in thecial yet volatile middle east. even before august 1990, the persian gulf was largely beyond washington's direct sphere of influence. it was an important region but not yet one that the united states was the primary player. after 1990-'91, i argue that the united states became essentially another gulf state and became the largest actor of all in the regions all because of events that flowed from the decisions made in 1990 and '91. my second point is that the gulf war indeed not have been waged at all. now, let me be clear on this point. lest you think i'm a conspiracy theorist. when i do not argue iraq could have been deterred from assaulting its neighbor in 1990. this is a popular interpretation, the i think facts prove to be wholly wrong. neither die argue the gulf war need not have been fight. but an occupied kuwait could have been liberated without the use of force. rather, i argue tonight that each of washington's primary decisions at this time, the decisions to confront iraq with

just articulated has held sway for decades now, and business' reputation is 19%, is not seen as fundmentality hill good good it's seen as greed and and exploitative and only caring about money. my first response is from a marketing standpoint, if you want to promote capitalism, you're going about it with a bad strategy. you're losing the argument. you're playing into the hands of the enemies and the critic. you're reinforcing exactly what they believe that all you care about is money. you don't care about anything else. that's my first response. my second response is that i call it the profit par docks,, - paradox, and i use happy inch if you want to be happy in your life, what i've discovered is that the worst strategy to achieve happiness in life is to make that your primary goal. if you make happiness actually what you're striving for, you will not probably achieve it instead you'll be self-involved, carrying about your own pleasures and your open satisfactions in life as your paramount goal. what i found is that happiness is best thought of as a byproduct of other things. it's a byproduct

i think more importantly, though, you're not going to get strong returns in an economy that is fundment tally weak. the best way to get sustainable high returns to savers is to get the economy back to running on all cylinders. >> uh-huh. >> it's somewhat paradoxical, but some ways the best way to get interest rates up is not raising them too quickly. by keeps rates low now, we help the economy get stronger, create jobs, and get momentum in the economy, the way to get a sustainable, higher stet of interests rates. it's striking if you look at every other industrial country in the world, interest rates are what they are here. that says something abouted fundamentals which are weak in the industrial countries, and until we have greater forward momentum, we're not going to see higher returns. >> thank you very much. >> the lady's time expired. the gentleman, mr. sherman, is recognized for five minutes. >> thank you. i appreciate your recognition, fortitude to stay can it, and creativity to go beyond your traditional tools in carrying out the policy. listen carefully to my california republi

joe's point about one of the things that people believe or supported the income tax was that it was fundment tally fair, and now we have 16% of the sole proprietorship population, the largest part of the tax gap, by the way, and they have the greatest opportunity to not comply. only 16% believe that the tax laws are fairment only 12% that taxpayers pay their fair share of taxes, and 73% said that the wealthy had ways to minimize taxes not available to the average taxpayer. we believe, and our study really actually lays out, that there is a direct correlation between distrust in the irs, distrust in the federal government, and distrust in the internal revenue code and noncompliance, and i encourage you to read that study, just an absolutely fascinating study. what's the irs doing with all of this? this very diverse population, this dual mission it has, not just as the tax collector, but a benefit payer, well, it is dealing with, you know, itself, it is collecting about 96% of the federal revenue that comes in. we collected in fiscal year 20122.5 trillion, and revenue, return on investment on