at g.e. and their record of job creation so let's bring up that chart a graphic that i have so since and out became c.e.o. of g.e. the company has actually shed thousands of u.s. jobs that's according to their annual report and they've become more reliant at the same time on foreign workers think and see right there and i'm sorry david you can't see that but i'll try and care. right at the end of two thousand there were one hundred sixty eight thousand u.s. workers for g.e. and that was about fifty four percent of their workers and then it go to two thousand and ten the beginning of that year one hundred thirty four thousand g.e. workers in the u.s. and it dropped down to forty four percent of their workers so my question to you i have a feeling i know we're going to say but i want your analysis you know should someone like him not he's been touted by the administration to create jobs be walking the walk and does this show that he's not and that corporations don't really have the will to impl

i had no idea what's -- what g.e.ss as ore, and i was probably taking glasses that were not transferable. after my second semester, i decided i would come to city college, and i really learned a lot. i got introduced into the metro health academy program, which helped me get into a straight path way to -- pathway to sf state where i'm going to go in the fall. one thing that really helped me was school to college at balboa. i always knew i wanted to go to college. my parents did go to college, but they never got a degree, so they always wanted me to go for a higher education. >> go ahead. that is all right. thank you for joining us. >> when i was younger, i had to help my family working, and sometimes, i had to help them picking up cardboard and delivering newspapers. for me, it was kind of helping them in any way to survive in this city. every night, i had to go from 6:00 p.m. to 2:00 a.m. to pick up cardboard or deliver newspapers throughout san francisco, so i was frustrated and realized i did not want to do this an

place on friday because of a national holiday weekend here it's been a dream start to the season from g.e. the surprise package one of four sides who went into the day leading the league it's part of the company today brazilian legend roberto carlos the lighting the home crowd by banging one of his trademark free kicks on twenty minutes and a thirty eight year old captain was instrumental in his side second as well galloping through the spark for the fans to set out on how linda to nail the final . look on the t.v. while overcame early struggles in their first much under interim coach. to draw away enough seats on the right not to get by a credibly story is second don't go intense in his many years early on his scoring efforts in the local jersey as well as that much seeing him cough then to the visitors was making it to know after thirty seven minutes the most on track in the second half though. said the rich taking advantage of a brilliant set up by a nutty have in the seventy four minutes they've not yet been self been benefiting from a great pass by veteran to meet you last cough to c

other lighting conglomerates-- siemens and g.e.-- saw some selling, but to a lesser degree. and that's tonight's "market focus." >> tom: so the federal reserve stays the course, keeping interest rates at historical lows and winding up its bond buying program. now it's wait and see. tonight's "street critique" guest is hilary kramer, editor of gamechangerstocks.com. so hillary, what should investors do as the fed plays it patient right now? >> well, investors need to understand that the reason wall street came off today after the fed spoke is that the federal reserve told us that growth is slowing. now, if growth is slowing, that means that we're going to still see unemployment and ben bernanke told us that. given that you want to stay away from retail, consumer discretionary stocks, but it doesn't mean that you should stay away from the market. we're at historical p. e. load, price to earning multiples, the stock market is relatively cheap right now, trading at 14 times earnings. so, tom, the key is to go into health care, areas of technology that are sweet spots that are gr

percent sure g.e. is important or for europe. we should or you would be reassured for two years bringing the we will accomplish several projects morse you also. project that we are just separate republicans for investment decision boards for the pipeline because they were the jewels of the year recently what sort. we company approved the technical concept we. were full speed to the target date for the final investment decision we believe from. will take a positive decision not only to produce pipeline beers but also to make sure plant as you see any threat with a move towards shell gas specially in the u.s. you know but like an early every process we should separate the really. need. to the global gas market the appearance of the show gets in the united states as a positive sign because it provides the united states more believes that in the with . will be always in the position to produce local gas from the shale resource but from other side the cost of extraction of the shell gas in the majority of reserves places exist where y

electric strategy to squeeze its financial business according to davey this comes as a condition for g.e. to receive a stake a lot to overcome the crisis hundreds upon has not given any reasons for the move of the global majors h.s.b.c. and barclays have already left russia's retail banking sector. then you create disaster in japan has shattered confidence and what was one of the most promising forms of alternative energy italy has decided not to restart its nuclear program while germany and switzerland how decided to stop using the help however the former head of the international atomic energy agency warns the world can't afford to follow that example. right now there's twenty nine countries that are lying on your threat energy and the impact of north carolina going nuclear and you have huge an energy deficit increase in prices of gas and oil that renewable is not yet around the corner energy for gas will increase forty percent by twenty thirty or so we are between iraq and a hard place you know we have to understand that there was ever new technology that is it is what we have to maxi

markets it makes this hour the forty's up percent and the dax is slightly down shares of siemens a g.e. cable and wireless worldwide and tom tom unconscious corporate pronounced. any loss could both be out tasnim isaacs are trading higher coming back from monday's losses investors hope for puts like a cautious teacher concerns over the situation in greece. now let's have a look at some individual shamrocks on the rise six energy majors are among the main gainers helped by stronger oil ross now is up almost two percent this hour and electricity sector came five years edging reports it has successfully placed three year bonds among miners pulling metal it is on the rise with stronger gold prices supporting the stocks. and that that's all the business news for now but you can always find most always just log on to our website that's r t dot com slash. thank. you.

markets that makes this all the footsies up the sense and the dax is slightly down shares of siemens a g.e. cable and wireless worldwide and tom tom unconscious corporate pronouncements pending last test minimize except trading higher and coming back from monday's losses investors are hopeful thoughts like the cautious to use the concerns the situation in greece. now let's have a look at some individual channels on my six energy majors are among the main gainers held by stronger well ross now is up almost two percent this hour and electricity sector i would take a five is edge and reports it has successfully placed three year bonds among miners pulling metal it is on the rise with stronger gold prices supporting the stocks. and that that's all the business news for now but you can always find most always just log onto our web site that's our team dot com plus this. in the beautiful. game in the boom boom .

strategy to squeeze its financial business according to congress daily this comes as a condition for g.e. to receive a statement to overcome the crisis. has not given any reasons for the move on the global majors h.s.b.c. and barclays have already left russia's retail banking sector. now the nuclear disaster in japan has shattered confidence and what was one of the most promising problems of alternative energy italy has decided not to restart its nuclear program old germany and switzerland have decided to stop using the tub however the former head of the international atomic energy agency bourne's the world can't afford to fall. right now there's twenty nine countries but it lying on your credit here and the impact of all of them not there like when you get a new year and you did an energy deficit increase in prices old coal gas and oil that every new update is not good but on the corner energy for the price will increase forty percent by twenty certainly so we are in between that all kind of hard hits you know we have to understand that there was ever new technology that is it is what w

american g.e. money back has denied it plans to close its business and russia newspaper reports suggested parent company general electric was getting out as a condition of state bailout. we haven't announced anything and maybe those rumors in the market what i mean we look at the portfolio of businesses throughout the globe we look at what we're looking at it will show and for us in role should infrastructure business is a we're going to be focusing on the gene money we're very happy with the bank we're very happy with the school filaments and we currently have no no plans to divest of it. and that's all from me here on business i'm seeing torn between again when less than forty minutes from now with more. of the book. the. period. the book. jumps the official t.m.p. cation. called touch from the queue.

g.e. so the n.b.c. to comcast there was very little coverage of this new merger of two corporate go i ass hole in b c that's an example of how the media censors itself in response to the perceived values of the corporate giants they work for and it has meant that. more and more they try to entertain is the biggest change i think in the press and mine has been to look out and see a country of consumers not a country of citizens you can tell a lot about a producer a journalist a correspondent and editor if you think he or she sees an audience of consumers out there to be sold something or. an audience of citizens to be informed and the big change in what has been the shift the media's attention the media's focus from a society of citizens to a society of consumers the entertainment problem as it were you you in your book one of the question's that you often ask of knows this over the years is how they reacted to that and i'm curious how you've reacted to this change over the years and for example have you

earnestness of lawrence the anger of dylan annette the elitist and of joe and voila you've got the best g.e. spokesperson all over now of course that we here at r t don't want to be left out of this dystopian we've also created our own perfect pundit. her name as a lot of makovsky hope you enjoy. ok time for happy hour on this friday and joining me tonight is r t producer jenny churchill and evan mcmorris centaur a reporter and blogger for talking points memo thanks for joining guys happy friday . you know we've we've spoken a few end of the world series on the show before specially when everyone thought the rapture was coming but the theories never die down especially because we haven't gotten to two thousand and twelve yet and so now here's a new one that apparently people are just going crazy over on line take a look. at a look at their distance one point eight one two kelly is right now getting near to us by three hundred thousand miles per day and about a week that number's going to be four hundred thousand miles per day and it's going to continue to increase you're going to see more a

of g.e. which is one of these corporations to which you refer jeffrey immelt is making millions of dollars in his court as corporations getting billions in tax breaks and so why is jeffrey immelt being placed on the president's job council and why is he being looked to. just rush it's insane the problem is the tell me who should be on the on the job. so if you know it's you know i don't know you know as human resources i'm not going to be what your older i think these guys you know it's a problem is that gee should pay the taxes that they're responsible for paying and they should be paid they should be responsible for paying less if. i think what i think one of the things that we need to how we're looking here is that we need to be promoting entrepreneurship that is the real way that we cut unemployment rate number one way to promote entrepreneurship break up in other words what happened when a.t.t. was broken up into nine companies you know all these other people come into the marketplace ei

they learn that some of the largest corporations in this country when they learn that exxon mobil the g.e. when they learn the bank of america but they're not really paying their fair share of the time that's what we're so upset about is the whole notion that the government doesn't create a level playing field as governor of new mexico those vetoes i vetoed a whole bunch of legislation that in my opinion. gave advantage to. well connected individuals groups corporations as opposed to legislation that would have created a level playing field where everybody could have had access to the american dream and i think the american dream is in this country is that you can go from having nothing to having everything if you're willing to work hard and innovate but the deck gets stacked against all of us government passes legislation that unfairly gives corporations groups individuals unfair advantage it's the obvious you want to get rid of all the loopholes you want to get rid of the loopholes and get rid of the loopholes get rid of the subsidies a little need to strongarm congress same to doing th

development at home are they helping or hurting in their policies right now do you think i mean we see g.e. paying no corporate tax rate i mean two thirds of u.s. corporations pay nothing in and federal income taxes i mean if you or i were to do that the government would be after us and so you know clearly the people in power in the government right now that are scooby representing us are representing the people you know the interest that got them elected which is generally these large corporations and i was a writer an activist ranya colic that is now when it comes to u.s. president barack obama's reelection campaign and foreign policy achievements he's likely to tout the reset of u.s. russia relations as one of the big wins but as two thousand and twelve approaches and we see disagreement over missile defense as just one of the roadblocks and relations between the countries will this kind of real transformation be possible well my guest came here to help me sort it out steven cohen author and professor of russian studies at new york university also a contributing editor at the nation mag

they learn that some of the largest corporations in this country when they learn that exxon mobil the g.e. when they learn the bank of america but they're not really paying their fair share of the time that's what we're so upset about is the whole notion that the government doesn't create a level playing field as governor of new mexico those vetoes i vetoed.

thirty percent of total revenues are produced off shore and g.e. last year fifty percent you know it's this is an american company even and you know . there's a profound change happening. and it is you know it's very distressing tom and you're putting in a really great mood here. with those with those those those facts but i mean let's try to be let's try to be hopeful about this i like to think that what's going on in wisconsin might represent a kind of moment of enlightenment maybe people are starting to get it i mean it is i'll tell you something i went to the very first tea party rally here in washington d.c. i wrote about it in the wall street journal february of two thousand and nine obama had been in the white house for less than a month and. i could tell it was concerned they were conservatives out there i mean it was it was people from all the different conservative you know magazines and blogs and that sort of thing i mean joe the plumber was there with a megaphone right but there was still something very odd seductive about that they wer

huge profits and just to give you an idea of those profits both corrections corporation of america and g.e. zero group made a total of two point nine billion dollars last year alone so you know they're spending a considerable amount on lobbying the spend about eight hundred thirty five thousand dollars federal candidates and six million dollars on state candidates and you know what that they definitely got some bang for their buck that is a lot of money that is a lot of lobbying we hear this with a lot of different industries that have that kind of lobbying power to spend here that with wall street we hear that with you know the pharmaceutical industry i'm curious you know this is prisoners these are people's lives these are the policies that affect you know. justice so what do you see as being some of the consequences of this. oh there are huge consequences and i'll give you a perfect example about a couple months ago a story broke about a pennsylvania judge by the name of mark and i highly encourage everyone to look him up what this judge did is he got rid of all county. all county deten

has helped develop, redevelop the former g.e. plant in morain, several thousand plants once in that plant, g.e. jobs, fridaire jobs. now because of e.d.a. and local partnerships and outside private investment, we expect to see hundreds and hundreds, maybe a few thousand jobs in manufacturing in that morain plan. we've seen e.d.a. develop a plant in ashtabula. in the bill that senate republicans just blocked from us even voting on, from even voting on, would have strengthened and improved a job-creating program. how many times do we hear about businesses worried about uncertainty created in a still recovering economy? this bill would have provided certainty in funding for an established job-creating program. it would have reduced regulatory burdens to increase flexibility for grantees, encouraged public-private partnerships we've already seen make a difference across ohio. i offered two amendments that would further assisted e.d.a. one would have assisted auto communities like moraine. the other would have made more ohio communiti

it's an artist rendering of the plant from g.e.are hoping to open the plant in turkey in 2015. it's a cross between natural gas, wind and sun power plant. think about it. if you have a power plant that's just solar, you can't get juice at night. if you have a power plant that's just wind, what happens when the wind dies down? you don't get any power. imagine if you were able to combine those into one one big power plant. yeah, ge is doing exactly that. and here to tell us all about it is paul browning. thanks for coming on the show, paul. first of all, tell us how this new plant works. >> well, thanks, randy. this is a power plant that uses aviation technology to provide a level of flexibility in a power gas plant that we haven't really had before. not only that, but it's providing world class efficiency at the same time. that combination makes it so it pairs really well with wind. so it can be there when the wind is not blowing and similarly with solar when the sun is not shining. so we designed the power plant to provide the flex

you have g.e., he is in bed with the president. they don't pay no taxes.emocrats have to pull their heads out. he has raised the debt ceiling, obama, four times in three years. he wants to raise it again. all that stimulus money went to his buddies. it is a ridiculous joke. people have to wake up. common sense. quit spending money you do not have. wake up, democrats. love america. host: jill is a democrat in ohio. caller: barack obama. i am very enthusiastic. i do not think we can take another term of the republican party. i cannot believe people do not remember what happened under the last one. host: louisville, ky. the republican. your the last word. caller: mccain, but i saw rick perry. i like him even though he is not a candidate. i was impressed. we need somebody like him. he looks like a go-getter. anybody to get this man out of office we have now. four of these people calling in and whining about obama, pointing back to bush, that does not work anymore. this next election will be about obama. he has been in there almost four years. he has failed. ho

we host g.e.'s renewable energy headquarters. our reservoir provides a significant portion of new york city's water supply. we have a one-of-a-kind army arsenal and just a few miles away we host an atomic power laboratory doing world class r&d for the united states naval nuclear propulsion program. nearby is a facility that will soon be the most advanced chip fabrication plant in the world. the hometown heroes who protect all of these facilities and more will lose their funding through uasi entirely if this bill passes in its current form. and so in support of new york's capital region and similar areas across this country, i stand in support of this amendment, this amendment that will remove an arbitrary 10-city restriction on the uasi program from this bill. this will not add one dollar to the debt or debt siff -- deficit. this will not cost us one single dollar but will rather provide us a commonsense approach. with that, mr. chair, i yield back. the chair: the gentleman's time has expired. the gentleman from ohio. >> thank yo

instability because you cannot have a government that has no operating income when corporations like g.e. takes in money beyond what -- excuse me, what the credit score they received. they paid nothing effectively and took billions from the government in additional credits. how can we look at that example and say the tax policy is driving the problem when we have given away the store already and the companies are taking profits and not hiring? host: this tweet -- front page of "the new york times" this morning. more from this story from "the new york times." newport richie, florida. zack on the independent line. good morning. caller: i love c-span. i called a couple of months ago. basically, like i told everyone that there would be no more jobs, and with the fed destroying the dollar, there is no way -- yes, basically, there can be jobs because it is called input costs and when you destroy the dollar because go up and no one can hire. the federal reserve -- i guess there was an article a month or so that basically said greenspan was talking about basically selling put options on treasury

for the rich and famous, which favors the corporations, that send our best jobs overseas and where g.erofit last year of $14.2 billion worldwide and pay not one penny of federal income taxes. and you know what? they gave $4.3 million in political contributions to candidates for president. that was four years ago. corporations never made more profit than they did this year. how do you feel? after this nation was brought to its knees in the last recession by the wall street banks and other companies, which received trillions of dollars in taxpayer bailouts and credit enhancement money without a single thank you in return, did you get your thank you? i refer you to a bank reform bill that allows too big to fail to remain, that did not address the capital ratio, that did not restore the provisions of glass- steagall, and that acted like wall street banks are making america great again -- the great robbery. i wonder how this happened. at the age of 67, a guy that has built $1 billion in banks that did not take one penny of bailout money, i wonder how it happened. could it be that the financ

of g.e., on, and i thought he made a number of valuable points. he is a very, very -- he's very, very worried about our economy. he believes that we are facing serious troubles and we need to take action to do something about it. but as a corporate leader of great renown, one of the more respected corporate leaders, i guess, in america at this time, and he evidenced a real frustration at the lack of leadership this administration is showing with regard to our financial crisis. and he said a number of things. one of them was classic leadership, classic thought by a manager, a man who's managed a very large corporation worldwide with many, many, many moving parts, and he said that you have to have a strategy. and we have no strategy. and i think that's correct. that's -- i don't believe the american people sense that this country is able to articulate a serious strategy to confront the difficulties with which we are dealing now. and he said, you should basically -- and it's, i guess, c.e.o. language, good manager language -- he said that everything

do you think we should ask g.e. maybe to help us out just a little bit with deficit reduction? chevron, a major oil company, received a $19 million refund from the i.r.s. after it made made $10 billion in profits. boeing, last year, boeing which received a $30 billion contract from the pentagon to build 179 airborne tankers got a a $124 million refund from the i.r.s. and on and on it goes. valero energy. goldman sachs. in 2008, goldman sachs paid only 1.1% of its income in taxes even though it earned a profit of of $2.3 billion. gee, most americans would be pretty happy to pay 1.1% of their income in taxes, but then again they are not goldman sachs. citigroup, conocophillips, carnival cruise lines, on and on and on. you have got large, extremely profitable corporations who either pay nothing in taxes or get a rebate from the i.r.s. maybe, just maybe when we talk about deficit reduction, we might want to ask those people to help us out rather than go after the elderly, the sick, the children and the poor. mr. president, large corporations today are sitting on a record-breaking $