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the future of harvard. breaking news this hour israeli jets bombed a military research center near the syrian capital of damascus killing at least two people and injuring five more. the further we go from says military campaign in molly's says more accusations of civilian deaths in a strike on human rights activists say they have evidence of multiple on investigating killings by the modern army. virtual kidnappings ransom in your eye and cyber terrorism that's only a quick glimpse into the internet to find future from the top boss. and greece's labor ministry headquarters turns into a battleground as hundreds of protesters ball with police over eminent pension. you're watching our live from the russian capital with me to my must say job breaking news israeli jets have carried out a deadly bombing raid on a military research center near the syrian capital damascus that according to a statement from the syrian government just people have died in the attack and five more have been left wounded four more of the

the future of harvard. good afternoon welcome to capital account i'm lauren lyster here in washington d.c. these are headlines birth thursday january third two thousand and twelve economist nouriel roubini known as dr doom predicts it won't be long before there's another crisis in the west two months and backed seeing as this is when congress must deal with the debt ceiling and those deep west ration spending cuts this shouldn't come as a major revelation so in the meantime from tax hikes to trillion dollar point ideas edward harrison is here to discuss what is likely to be the fallout from what he calls the fiscal cliff less and les miserables it is a hollywood blockbuster meant to show off a list actor singing chops or is it actually a valuable lesson in the economic misadventures of stated them very relevant today while jeffrey tucker argues the latter will hear why business week's cover feature is babies crying on capitol hill but what about a study that finds babies born during recessions are more like

future. the president of harvard university is with me. >>> and buzz with millions, how to build a news company in a new age. age. how it may just save journalism. >>> welcome back. as college education's high cost continues to rise, some families are forced to opt out for financial reasons. how does that impact businesses on campus. joining me now is drew faust, harvard president. >> great to be here. >> we had news this week from m moody's. the demand for four-year college degrees is going down, it is softening. it is softening. leading to declines in net revenue for many universities. now, i realize harvard really is in a unique position. but tell me what you see broadly speaking out there in terms of the demand, in terms of the numbers of students coming in to four-year colleges, and even higher education. >> well, harvard does still have this very high level of demand, and our applications are up again this year for the college. but you're right, on a broader nationwide basis, we're seeing a softening in that demand as moody's just reported. i think this is something the country should be

future. the president of harvard university is with me. >>> and buzz with millions, how to build a news company in a new age. age. how it may just save journalism. lucky charms?! ♪ yer always after me lucky charms! whoa. i forgot how good these taste! [ lucky ] ♪ they're magically delicious now all general mills big g kid cereals have more whole grain than any other ingdient in cereals like lucky charms and cinnamon toast crunch, the delicious way to help them grow up strong. >>> welcome back. as college education's high cost continues to rise, some families are forced to opt out for financial reasons. how does that impact businesses on campus. joining me now is drew faust, harvard president. >> great to be here. >> we had news this week from m moody's. the demand for four-year college degrees is going down, it is softening. it is softening. leading to declines in net revenue for many universities. now, i realize harvard really is in a unique position. but tell me what you see broadly speaking out there in terms of the demand, in terms of the numbers of students coming in to four-year colleges,

future, but to drive it. >> susie: join us monday for our look at u.s. innovation. it's our special martin luther king junior holiday edition. b.r.""here's more to learn about website. "nbr-u" has research from harvard on competitiveness topics. it explores the tendey rfo firms to focus on what'workedred n the past, rathonthhahe t needs of the future. just head to: www.nbr.com and look for the "nbr-u" tab. >> tom: that's "nightly business report" for thursday, january 17. have a great evening everyone, and you too susie. >> susie: goodnight tom, we'll see you online at: www.nbr.com and back here tomorrow night. captioning sponsored by wpbt captioned by media access group at wgbh access.wgbh.org vo:geico, committed to providing service to its auto insurance customers for over 70 years. more information on auto insurance at geico.com or 1-800-947-auto any time of the day or night.

harvard on competitiveness topics. it explores the tendency for firms to focus on what's worked in the past, rather than on the needs of the future. just head to: www.nbr.com and look for the "nbr-u" tab. >> tom: that's "nightly business report" for thursday, january 17. have a great evening everyone, and you too susie. >> susie: goodnight tom, we'll see you online at: www.nbr.com and back here tomorrow night. captioning sponsored by wpbt captioned by media access group at wgbh access.wgbh.org

harvard on competitiveness topics. it explores the tendency for firms to focus on what's worked in the past, rather than on the needs of the future. just head to: www.nbr.com and look for the "nbr-u" tab. >> tom: that's "nightly business report" for thursday, january 17. have a great evening everyone, and you too susie. >> susie: goodnight tom, we'll see you online at: www.nbr.com and back here tomorrow night. captioning sponsored by wpbt captioned by media access group at wgbh access.wgbh.org >> male announcer: suffering with fatigue, weight gain, and joint pain as you age is simply not necessary. >> we now know that our genes do not determine our health. >> announcer: marcelle pick is a practicing ob/gyn nurse practitioner and women's health expert. she is a best-selling author and cofounded the women to women clinic, where her advice transforms her patients' lives every day. >> you actually have the power to change your health long-term. >> announcer: in this program, marcelle provides an easy solution to overcome hormonal symptoms, including weight gain, cravings, mood swings, and depression. >> food is the game changer for y

harvard on competitiveness topics. it explores the tendency for firms to focus on what's worked in the past, rather than on the needs of the future. just head to: www.nbr.com and look for the "nbr-u" tab. >> tom: that's "nightly business report" for thursday, january 17. have a great evening everyone, and you too susie. >> susie: goodnight tom, we'll see you online at: www.nbr.com and back here tomorrow night. captioning sponsored by wpbt captioned by media access group at wgbh access.wgbh.org

future. the massachusetts republicans were shocked when the same people of massachusetts voted for a public policy expert and harvard, instead of this guy. in the election, voters made two massachusetts republicans the two biggest losers of the year. and no one was more shocked at being a loser than poor scott brown who ran a senate campaign who was worthy of the thugs in my boston neighborhood a generation ago. hey, you're not from around here. that was brown's basic campaign message, which he thought was going to terrify oklahoma-born elizabeth warren the way it rightfully terrified people who wandered into the town, or shall we say the insuelar boston neighborhoods when i was a kid. >> i don't need professor warren speaking or commenting on my vote. >> can you imagine 100 professor warrens down there? >> oh, my god, did you hear that? scott brown called her professor. you could see he wanted to call her "four eyes," but he can't on tv. so he called her professor. so it turned out the guys on the bar schools who loved that, were like wicked out numbered by the thoughtful people of massachusetts who don't think tha

future. >> thank you. just a couple of thoughts. years ago i was taught what was called a harvard case study approach to solving problems. it was taught in business school and the idea was to your given this complicated situation with different things that would be a good thing to do. part of the discipline was that you should pick the number one thing, the first and essential element you have got to deal with. frequently that was the situation that would determine whether the company was going to succeed or fail. but as i take a look at the things that you are looking at dealing with within the budget, to some degree we are dealing with peripheral things and it seems that there has been pretty good emphasis, but the and velvet -- the elephant in the room is the tremendous growth of entitlements. i heard references to the fact that the defense budget is the bugaboo, but if you take a look at defense relative to gdp, you're looking a close to 9% being used on defense. we talk about cutting this expeditionary funding vehicle for the marines. the only problem is if you really believe

future. >> thank you. >> thank you. [applause] >> for more information visit the authors website. >> kenneth macke is a law professor at harvard university and author of the new book representing. tell me about your book. >> my book is a collective biography of six african american civil rights lawyers who practice law during the era of segregation. it's about the collective struggles with civil rights and racial identities. it's about the fact that to be an african american civil rights lawyer in this era i argue in the book is to be caught between the black-and-white world. both blacks and whites want things. and identify with these particular lawyers. so to be as kind of a lawyer, thurgood marshall and people like him was to not just be an african-american lawyer. >> how difficult was it for an african american to become a lawyer during this time? >> is not difficult to become a lawyer. you have to go to law school like everybody else. it does cost money. but it is very difficult to succeed as a lawyer because no african-american lawyer is going to have white clients to more very few of them will have white clients. most bl

a harvard professor and chairman of president reagan's council of economic advisors. where is he when we need him. futuresverybody. the federal reserve putting the finishing touches on a two-day meeting this afternoon with a discussion on interest rates. earlier we talked to someone from the "wall street journal" and said the interest rates is why this could be working. >> look at the home sector, auto sales. what's happening the fed is looking at what's going on in the economy and saying, wait, our policy is starting to get traction. intrasensitive sectors are kicking in. >> our next guest may disagree. marty feldstein is a professor mer mer -- emeritus. and why is the fed actually holding back the economy at this point. what is your thought on all of this? >> i think the fed is actually helping the housing sector. i'm not sure that is such a good thing. we have had a housing boom and bust in the past and drove us into the recession in 2007. i'm afraid the house prices could depend on these extremely low mortgage rates which will turn around when the fed stops its quantitative easing policy. >> that's fa

future for our kids. thank you, and god bless. [applause]>> more now from the johns hopkins university forum on reducing gun violence. over the next 50 minutes, harvard university professor matthew miller looks at gun related epson the us. vice president joe biden is scheduled to present his proposal for reducing gun violence to hobo on tuesday -- president obama on tuesday. [captioning performed bynational captioning institute]>> we are going to start the program now. i would like to ask the presenters to take their seat. i want to say that there is information on the website about each of the bios of our speakers. i thought i could say, this is an all-star cast. then i started thinking, many of these people are not just all stars. they are like all of fame as in gun violence. -- hall of fame as researchers in gun violence. i am going to say one sentence about each speaker. dr. miller is a preeminent expert who has published numerous articles that address the question he is going to address today -- what is the relationship between gun availability and violent death? i will turn it over to dr. miller. [applause]>> good morning. i would like to start

a book by rogoff of harvard reinhardt, it looked at 200 years of economic history and concluded, once you get a gross debt of more than 90% of your gross domestic product, your future economic prospects are dramatically reduced. future economic growth is reduced anywhere from 25 to 33%. so these are not just numbers on a page. this is a question of future economic opportunity. how will the economy grow? what kind of life will people leave? when you get to a gross debt of gdp, your future economic prospects are reduced. we have talked about the revenue side of the equation, the spending side of the equation. looking at the revenue -- i showed a slide earlier this showed revenue at 15.8% of gdp. typically, if you look at the economic history of the country in the last 30 years, average revenue has been about 18.6% of gdp. but the last five times we balanced the budget, revenue was not at 18.6% of gdp. it was close to 20%. revenue and the times would balance was close to 20% of gdp. that kind of sets up the question of what the president proposed. because he was calling for $1.60 trillion of additional revenue. remember that that -- he was calling for $1.60 trillion i

a book by rogoff of harvard reinhardt, it looked at 200 years of economic history and concluded, once you get a gross debt of more than 90% of your gross domestic product, your future economic prospects are dramatically reduced. future economic growth is reduced anywhere from 25 to 33%. so these are not just numbers on a page. this is a question of future economic opportunity. how will the economy grow? what kind of life will people leave? when you get to a gross debt of gdp, your future economic prospects are reduced. we have talked about the revenue side of the equation, the spending side of the equation. looking at the revenue -- i showed a slide earlier this showed revenue at 15.8% of gdp. typically, if you look at the economic history of the country in the last 30 years, average revenue has been about 18.6% of gdp. but the last five times we balanced the budget, revenue was not at 18.6% of gdp. it was close to 20%. revenue and the times would balance was close to 20% of gdp. that kind of sets up the question of what the president proposed. because he was calling for $1.60 trillion of additional revenue. remember that that -- he was calling for $1.60 trillion i