the government worked to save the bankers than calling them to try to help the general economy, and after j.p. morgan got a bunch of friends together to decide if they could live or die and how much they had to back them up, he was a little afraid and thought i don't want to have to do this exercise again. i would prefer a central bank as well. so they adopted this idea to help subsidize or stabilize them so that they wouldn't have to put their own money and whether or not they had caused a panic. and from a governmental standpoint, teddy roosevelt and didn't talk about it so much but when taft came in as president, he very much pushed this idea of having the central bank and the family was close and they basically decided that they would do these expeditions into europe to see what was going on with the bank and friends and see if america could duplicate something that was more american but still enable them to have a powerful bank and also to back that emerge in carinthia that was going to be the most powerful currency. so fast forward a few years into the fact finding they went around

what happened in the wake of the 2008 crisis which has been a much more expensive crisis for the general economy, for the actual unemployment level, not the sort of tag line unemployment level, for what was lost to individuals throughout, and relative to the bailouts and the subsidies that have been given since, and dodd-frank came along and did nothing remotely like dissecting speculation from depositors and traditional banking activities. deposits and loans. nothing. it's really, really, really long. has lots and lots of pages and does absolutely nothing significant. so a huge difference. >> host: do we have the political will? do we have the leadership in your estimation in washington, to take on that battle? >> guest: no. i mean, we have -- president obama, basically said it was sweeping reform. so if you can look at something that is not sweeping reform, and compare it to something that fdr did, which was sweeping reform, and say that with a a straight face and have your treasury secretary, tim geithner, say that with a a straight face, then no, we dent have a leadership that would do anyth

happened in the wake of the 2008 crisis, which has been a much more expensive crisis for the general economy, for the actual unemployment level, not the tagline unemployment level for what was lost to individuals throughout and relative to the bailouts and subsidies that have been given since and dodd-frank came along and did nothing remotely like dissecting speculation from depositors and traditional banking activities. >> a look another the relationships between 1600 pennsylvania avenue and wall street tonight at 9:00 on "afterwards." part of book tv this weekend on c-span 2. and our book is "it calls you back." join other readers to discuss the book at booktv.org. >> florida senator marco rubio was in new hampshire this weekend, a state that traditionally holds the first presidential primary. the republican lawmaker spoke at a fundraising dinner hosted by the rocken -- rockingham county republican committee. it's 50 minutes. [applause] >> thank you very much. i know you had to stand up to get these circulation going. but sit down now and relax. if you look at your programs, the next thing

do not expect anything big, but i think some steps forward would be very helpful to the general economyespecially since germany is probably the country which is most vulnerable to what is going on in russia. take on whatyour we are expecting from the bank of england this week? this is kind of the last mopc -- mpc meeting without the fully formed mpc in place. is this going to be a nonevent and the next one is the one people focus on? give us a sense from barclays. is the is most important next inflation report. we do not expect any move this week by the bank of england. however, given what has been going on in the labor market the ecb will have to have a second thought about it strategy. it is interesting to see the debate about the economy. we are in a situation where there is a big absurd he -- a bsurdity about the slack in the uk's economy. the timing of the next policy move needs to be on the upside. >> trying to measure output gaps. that is always fun. thank you very much indeed. come, the walker revolution. we will test out the speaker that controls from any service into a surroun

generally? [laughter] okay. >> [inaudible] political economy of ideas.now, there's some who allege that even talking about things like political rights and economic rights and freedoms are western constructs. and trying -- [laughter] the rest of the world is a new form of colonialism. so how would you combat those claims? how would you respond to them? >> well, it'd be interesting to see who is actually making those claims. are they being made by autocrats who we might want to discount their views a little bit by having a little bit of self-interest in how that view comes out. you know, the reality is it's very difficult to go around and rigorously establish what the views of poor people are. i can give you some inspiration al quotations, i can relate to some qualitative surveys that have been done by very good people like co-authors which have interviewed lots of poor people and poor people saying they do want rights. like one statement that sticks in my head was just simply a man in uganda saying why can't i do what i want with my own cow, you know? it

to what happened in the late 2008 crisis which has been a much more expensive crisis for the general economyot the tagline unemployment level, for what was lost to individuals throughout, and relative to the bailout and the subsidies that have been given since come and dodd-frank came along and did nothing remotely like dissecting speculation from depositors and the traditional banking activity. spent a look at the relationship between 1600 pennsylvania avenue and wall street tonight at nine on "after words," portable tv this weekend o on c-span2. and online our book club selection is "it calls you back" by luis j. rodriguez. ..

what happened in the wake of the 2008 crisis which has been a much more expensive crisis for the general economy, for the actual unemployment level, not the tagline unemployment level, for what was lost to individuals throughout come and go to do the bailout and subsidies that are been given since. and dodd-frank came along and did nothing remotely like dissecting speculation from depositors and traditional banking activities. >> i look at the relationship in 1600 pennsylvania avenue and wall street saturday night at 10 eastern and sunday night at nine on "after words," part of booktv this weekend o on c-span2. and online our book club selection is it called you back. join other readers to discuss the book at booktv.org. >> a new white house report released yesterday says the climate change is already occurring on a large scale causing local governments to spend large sums of money to respond and that the problem is getting worse. the reports discuss the findings and the effects of climate change at this two-hour briefi briefing. >> good afternoon, everybody. i'm john holdren attractor of the wh

happen in the wake of the 2008 christ is, which has been a much more expensive crisis for the general economy, for the actual unemployment level, not the sort of tagline unemployment level for what was lost to individuals or out in relative to the bailouts and subsidies that have been given than a dodd-frank came along and did not seem remote lay in the effecting speculation from depositors than traditional banking activities. >> next on tv, jim demint discusses how we can fix our social and economic problems. he argues that they will be solved in washington and solutions will have to come from communities around the country. this is about an hour. [applause] >> jim demint. [cheers and

but the bottom line this where ever you have the government that involved in the process of generating an economy, that's where you end up with these pathetic stats. >> crony capitalism is one of the reasons we got into the recession for the first place. also how puny has the president become where he actually thinks that $1.4 billion in a $17 trillion economy is going to amount to anything? i mean, what a small minded thinking individual. when you have something that's temporary anyway, investors know and it doesn't work. you need measures that are permanent. that's what creates hiring and creates jobs. that's what we need. something like permanent reductions in marginal tax rates. that will get investment and hiring up. >> and sabrina, the american people more agree with mike's view on the economy than they do with the presidents. if you look at a recent poll, only 46% approve. 50% disapprove. >> well, i think it's because the american people are picking up on the president and many republicans confusion about what kind of economy we're living in today. today, 70% of our wealth is created from

is expected the advertising market will be very strong because of the general economy, but also the boostt of world cup. >> what is it about the world cup? is it because consumer good companies spend more on advertising in those prime very watched slots? is that the whole extent of the world cup impact? >> exactly. you get certain types of advertisers that will advertise more around the world cup. to put it in a very crude demographic sense, it will aim towards more male, younger viewers who seem to watch more football. if you look at the world cup from an advertiser's perspective, the timeslots of the matches are very advantageous. the matches take place in tee time in the u.k.. >> there'll be a lot of people in the pub. >> is going to be crowded. you have a lot of interest anyway in the the brazilian team. also, the premier league has a lot more international players they did four or eight years ago. a lot more of these names are more well known than they w ere. that should produce audiences. >> it is no longer just terrestrial tv in terms of -- >> exactly. if you look at what the tv st

part of the reason for the very low rate of interest, having to do with housing in the general economyof it. people have to think about the fact that even though rates are so low people can qualify. and making enough money, a difficult time qualifying for those loans in the first place. stuart: thanks very much indeed. pilgrim's pride offering to buy a hillside, $6.4 billion deal. it is under the umbrella. >> so much going on in this food triangle here. i hope we will also have pinnacle foods after this as well. that is 21.5% and pilgrim's pride which is the second-largest chicken producer is offering to buy hills fire brands for $6.4 billion, you are thinking of their meat, jimmy dean sausages. they are watching that hills fire was interested in buying pinnacle food for $9.3 billion. what has happened? and their deal might be off. they move forward, that is down 6.5%. stuart: they want to get together to dominate the grocery store shelves but not short, that is how it is to me. you get a big shopping cart for that. it will allow you to control everything in your home. lights, kitchen

what happened in the wake of the 2008 crisis, and has been a much more expensive crisis for the general economy for the actual unemployment level, not the sort of tag line unemployment level. for what was lost to individuals throughout, and relative to the bailouts and the subsidies that have been given since, and dodd-frank came along and did nothing remotely like dissecting speculation from depositors and traditional banking activities. >> a look at the relationship between 1600 pennsylvania avenue and wall street. part of booktv this weekend. online, our book club sleeves is "it calls you back" by luis rodriguez. >> booktv covers hundreds of author programs throughout the country all year 0 long and here's a look at some events we'll taped this -- attend this week. look for these programs to air in the future. on monday, we're at the half king bar in restaurant in new york city for veteran writing project founder ron capps' recount of being in war zones and how it affected it. robert spencer's talk, and then wednesday, in new jersey, mike earp, former associate director for operations at the

happened in the wake of the 2000 a crisis, which has been a much more expensive crisis for the general economyhe actual unemployment level, not the tagline unemployment level. for what was lost to individuals throughout. relative to the bailouts and subsidies that have been given cents. dodd frank come along and did remotely like dissecting andulation from depositors traditional banking activities. >> a look at the relationship between 1600 pennsylvania avenue and wall street. saturday night at 10:00 eastern and sunday night at 9:00 on afterwards, part of booktv. online, our selection is "it calls you back." join other readers to discuss the book at booktv.org. >> you cannot take c-span with you wherever you go with our can now take c-span with you wherever you go with our free app. listen to c-span radio anytime. there's a schedule on each of our network so you can tune in whenever you want, play recent broadcasts from our signature programs. take c-span with you wherever you go. download your free app online for your iphone, android, or blackberry. >> "washington journal" continues. host: be

>> generally, the economy doesn't have that much of an impact.asically food is pricing elastic and income inelastic. growthariations in gdp of china and southeast asia or some other emerging markets really does not have an impact. what has an impact is population growth and the relative prices between u.s. wheat and black seaweed. that is something that is likely to have an impact on our what exports -- wheat exports. bill, you are mentioning the black sea. you take a look at the usda forecast. they cut ukraine's wheat crop i 10%. -- by 10%. this is one of the first science we have seen from the u.s. day of expectations of change in ukraine. why would currency affect wheat production in ukraine? the logic is that a lot of the inputs that enhance yield, such as fertilizer, farm case ofs -- in the corn, actual seed, a lot of that is purchased or imported. down, therency goes purchasing power to purchase those inputs goes down as well. they have to either use less or turn to less effective farm inputs. >> if you are a consumer, what do today's numbe

happened in the wake of the 2008 crisis, which has been a much more expensive crisis for the general economy, for the actual unemployment level, not the tagline unemployment level. for what was lost to individuals throughout, and relative to the bailouts and subsidies that are been given since.. frank came along and did nothing remotely like dissecting speculation from depositors and traditional banking activities. >> a look at the relationships between 1600 pennsylvania avenue and wall street, sunday night at 9:00 on afterwards, art of book tv this weekend. join other readers to discuss the book at book to the.org. at book tv.org.

more expensive crisis for the general economy, for the actual unemployment level, not the tagline unemployment level. for what was lost to individuals throughout, and relative to the bailouts and subsidies that are been given since.. frank came along and did nothing remotely like dissecting speculation from depositors and traditional banking activities. >> a look at the relationships between 1600 pennsylvania avenue and wall street, sunday night at 9:00 on afterwards, art of book tv this weekend. join other readers to discuss the book at book to the.org. at book tv.org. >> everyone is coming to the new york world's fair. they're coming from the four corners of the earth. and from five corners idaho. they come down from frisco and hamburg from nineveh, from aurora, illinois. through 295 in the bronx. the wilsons got here last. sphere.t unit they find a machine that playfully demonstrates law of averages. by chance, the to meet and join up sightseeing. -- the two meet and join up sightseeing. ♪ >> this weekend on american history tv's real america, the experience in 1964 new york world's fair to

economy? i think there is a general belief that our overall economy is going to continue to expand on the backs of the technology boom; that what we are talking about here is going to be a blip. and probable undetectable in terms of overall success in san francisco. with that being said, the minimum wage is intended to address a particularly vulnerable group of employees, and unfortunately the employers of those employers are largely the businesses that will be most affected by this change and could be driven out of business? so is this really helping the employees if we put the very businesses that employee them out of business? so this is the conundrum we find ourselves in. but the clock is ticking, and the seiu has placed a ballot -- or proposed a ballot measure, they have not go out to get signatures. so there could be modifications or a withdrawal of that in preference of a consensus measure that could be put together through the process that the mayor has convened? or we might find or two more ballot measures on the ballot come november. i think then the question is if the seiu proposal s

generations. it accelerates a transition to a clean energy economy that will create millions of jobs. the president has said he's willing to listen to other ideas, but republicans have offered no alternatives. i've repeatedly asked the house -- the republicans, if you don't like the president's plan, what is your proposal? but i've never gotten an answer because they don't have one. saying no to every solution is not a plan. doing nothing is not a plan. denying the science is not a plan. no one can accept what the scientists are telling us, and fail to support a plan of action. if republicans aren't going to offer solutions, the president must continue to act. he deserves our support. we still have time to avoid the worst impacts of climate change presented by the national climate assessment, but the window is closing fast. we must act now to stop carbon pollution and invest in the clean energy technologies of the future. the speaker pro tempore: pursuant to clause 12-a of rule 1, the chair declares the house in recess until 2:00 p. county d bridges, and municipality for municipal roa

approve damaging to employment prospects of low-skilled workers, as well as to the general microeconomic performance of our economy." bue memo noted there was a plus side to supporting the proposal. it would unify the liberal wing of the democratic party. well, today feels like deja vu all over again because even though our constituents keep telling us that they expect washington to focus on jobs, that's clearly not what they're getting from the senate. instead senate democrats are pushing legislation today that would cost as many as a million jobs in this country, legislation that the left flank of their party demands. that's their response to the pleas of our constituents to do something about jobs. the proposal that nonpartisan analysts tells us could cost jobs. these are the same washington democrats who have been at the helm of our economy for five and a half years, the same ones who have been bragging about recovery for the past four. we learned this morning the economy grew by just .1%. .1%. so i can assure you that if this is the democrats' idea of a recovery, the people in my state at least aren't terribl

[laughter] >> it's generally agreed upon by all countries, the way you -- the formula to calculate the size and growth of the economy. generally speaking economists are concerned that it doesn't measure everything that we need to measure, but we don't have a better measure. if your economy grows at three or 4% that's generally healthy. it also means people invest in your country, you can borrow money at lower rates, italy has revamped it's calculation of the gdp to allow prostitution and drugs to make it look like it has a bigger. >> i didn't believe it at first. >> i guess it is true. >> it is true. nigeria recalculated it's gdp. and that puts it ahead of south africa, so it is really an imperfect science. but it is the only measure we have. find a kid out of school, and he will maken a app for it. >> he is in here talking about that fight between the giant publisher and amazon that is disallowing you from buying certain books or delaying the delivery. what does it matter to you, we will be talking about that. >> real money tonight, good to see you. >> thank you. we know that many young people move back home with t

what happened in the wake of the 2008 crisis which has been a much more expensive crisis for the general economy, for the actual unemployment level, not the tagline the employment level, for what was lost to individuals around and relative to the bailout says subsidies that have been given sense. and dodd-frank came along and did nothing remotely tsk like dissecting speculation from depositors and traditional banking activities. >> a look at the relationship between 1600 pennsylvania avenue and wall street. saturday night at 10:00 eastern and sunday night at 9:00 on afterwards, part of book tv this weekend on c-span2. an online power book club selection is it calls you back by former gang member and community activist police j. rodriguez. join other readers to discuss the book at booktv.org. >> attorney general eric holder spoke monday about the importance of confronting racial and sentencing disparities. his remarks came at a meeting of the national association of attorneys general and the national district attorneys association. this is 15 minutes. [applause] >> well, good morning. we have to

happened in the wake of the 2008 crisis, which has been a much more expensive crisis for the general economy allow for the actual unemployment level not the tagline, for what was lost to individuals without -- throughout, and relative to the bailouts and subsidies that have been given. and dodd frank came and did nothing remotely like dissecting speculation from traditional banking activities. >> a look at the relationship between 6000 pennsylvania avenue and wall street. of the tv this weekend on c-span two. club selection is it calls you back i luis j rodriguez. >> the u.s. houses gaveling in momentarily. 2:00 p.m.return at for more speeches, and then back at 4:30 p.m. to discuss bills. boats after 6:30 p.m. eastern. --y will take by built to ill hold iris learner in contempt of congress. we may hear speeches today about the 200 girls in nigeria who in kidnapped. saying it is time to bring back our girls, we demand action to bring innocent schoolgirls and i give back to see the -- to safety. why not to the house floor. -- like not to the house floor. the speaker pro tempore: the united sta

what happened in the wake of the 2008 crisis which has been a much more expensive crisis for the general economy can't go for the actual unemployment level not the tagline of employment level for what was lost to individuals throughout and relative to the bailouts and subsidies that have been given since and dodd-frank came along and did nothing remotely like dissecting speculation from depositors and traditional banking activities. >> house veterans affairs committee chairman jeff miller called an emergency meeting today to subpoena documents from the veterans affairs department dealing with va health facilities. whistleblowers from phoenix arizona va said officials kept the secret waiting list of veterans seeking treatment in an effort to hide a backlog of veterans needing medical care. [inaudible conversations] >> good morning everybody. i would like to take care of one item of business this morning. am i hearing a motion for the issuance of a subpoena to the department of veterans affairs to produce e-mails and other written correspondence related to the investigation of the phoenix va medic

it was for the general economy and the actual on a level will for what was lost to individuals.elative to the bailouts. dodd frank came along and did nothing remotely like the effective adulation from depositors and traditional banking activity. at the relationships between 1600 pennsylvania avenue and wall street will stop it is part of book tv this weekend on c-span two. our book club selection is, "it calls you back." join other readers to discuss the book apple tv.org. -- book tv.org. can take c-span with you wherever you go with our free radio and for your smart phone or tablet. listen to all three channels. or listen to c-span radio anytime. each of a schedule on our networks, so you can tune in when you want. you can play podcasts of our signature programs. take c-span with you wherever you go. download your free app online for your iphone, entry, blackberry. the funeral for former minnesota congressman jim oversaw was held this weekend all stop he died at 79. the senators from minnesota, amy klobuchar and al franken, offered tributes to the late congressman all stop this

economy. for generations, it has been a threat. this, the same year our founders rejected tierney for freedom, adam smith repeatedly warned against business in an attempt to use connections and influence to manipulate government. listen to his words. "people of the same trade should move together. the conversation ends in a contrivance to raise prices." here is an even more direct quote. " the proposal of any new regulation from a businessman ought also to be listened to with great caution. it ought never to be adopted until after having been carefully examined, with the most suspicious attention." i sure wish someone, anyone, and the obama administration, would have had as much suspicious attention. to sylindra. suspicions show that there should have been concern. to seek from government special treatment -- that is why business interests are not necessarily freedoms interest. this does not necessarily support free enterprise. the original patriots understand this. 23 shiploads of english tea into boston harbor. they did not do th

happened in the wake of the 2008 crisis, which has been a much more expensive crisis for the general economy for the actual unemployment level, not the tagline unemployment level, for what was lost to individuals throughout and relative to the bailouts and subsidies that have een given since and dodd-frank came along and did nothing like dep -- dep ecting itors and regular banking activities. >> part of book tv this weekend on c-span 2. and online, our book club selection is "it calls you back." but luis j. rodriguez. join other readers to discuss the book at booktv.org. >> the chair of the federal reserve, janette yellen's comments during a hearing on capitol hill. she testified about the current economic outlook. this is held by the joint economic committee. t's about two hours. >> good morning, the joint economic committee on the hearing of the economic outlook of the united states will begin and to start, i congratulate chair yellen on her appointment to head the federal governors reserve system. i and other governors welcome you to your first appearance before the committee and we look

to what happens the wake of the 2008 crisis, which has been a much more expensive crisis heard general economynd for the actual unemployment levels. an relative to the bailout, and the subsidies that had been given all stop dodd frank came along and did nothing. it was nothing like dissecting andulation from depositors traditional banking activity. >> a look at the relationships between 1600 pennsylvania avenue and wall street will stop it is part of book tv this weekend. as online, our book club selection is, "it cause you back." we will discuss the book at book tv.org. >> you cannot take c-span with you, wherever you go, with our free radio at raiders our phone and tablet stop listen to all three channels or c-span radio, anytime. there is a schedule so you can tune in when you want and play podcasts of recent shows. take c-span with you, wherever you go all stop download your iphonep online for your or android or blackberry. for formerral minnesota congressman jim oberstar was last week. on thursday, the senators from minnesota, amy klobuchar and al franken, offer tributes to the late congr

happenedthat to what in the wake of the 2008 crisis which has been a much more extensive crisis for the general economyfor the actual unemployment level, not the tagline unemployment level. for what was lost of individuals throughout and relative to the bailouts and subsidies that have been given since. dodd-frank came along and did nothing remotely like dissecting andulation from depositors traditional banking activities. >> a look at the relationship between 1600 pennsylvania avenue and wall street. sunday night at 9:00 on "afterwords," part of book tv on c-span 2. the online book selection is "it calls you back," by former gang member luis j. rodriguez. join others to discuss the book online. >> a new assessment was released on global climate change finding the earth has been getting hotter and sea level continues to rise. the report claims climate change is already affecting people and calls for more action to reduce greenhouse gas emissions. this is just over two hours. >> good afternoon, everybody. i'm director of the white house office of science and technology policy. it's my honor to be able t

what happened in the wake of the 2008 crisis which has been a much more expensive crisis for the general economy, for the actual unemployment level, not sort of tag line unemployment level. for what was lost to individuals throughout and relative to the bailouts and subsidies that have been given since, and dodd-frank came along and did nothing remotely like dissecting speculation from depositors and traditional banking activities. >> a look at the relationship between 1600 pennsylvania avenue and wall street. saturday night at 10:00 eastern, and sunday night at 9:00 or after words. part of booktv this weekend on c-span2 online our book club selection, it calls you back, by former gang member and community activist, louisiana j. rodriguez. join other readers to discuss the look at booktv.org. >> the reason i did this book is martha. when she arrived in berlin with the family, she, she was in love with what she referred to as the nazi revolution. she was enthralled by the nazis which e which really struck me as complete surprising thing given what we all know, hindsight. how could you be enthrall

economy. on howthe general read you -- give us a general read on how you see the global economy right now. >> there is no mystery, the global economy is better. it has been for quite some time. the united states moving to two or three percent growth. europe is coming out of its recession. japan is moving away from deflation, where it was from about 15 years. there is a slowdown in some of the emerging economies, china is holding its own. this is the way it looks. better, but with downside risks and with problems in europe having to do with the banking ofon with the capitalization the number of banks. in the case of japan, the third abenomics has not yet been defined. , the economyates is doing well, though there was a glitch for the first quarter because of the weather. very strong, very vibrant labor market. doing better with the housing markets. the u.s. is good news. >> what does it mean for central the united within states? people have read the jobs report in different ways. the participation the lowest since 1978. there's is not much evidence of wage growth. i think the tapering, not the

eventually, it's good . >> does this worry you at all about the economy generally?s there something dangerous about the fact we are putting more on to credit cards, banks are giving more loans? or is that a good side, we are feeling strong? >> it's a great sign because when credit card growth bounces like this, this is money that's going directly into consumer spending, direct ingredient which we have been talking about earlier being so important to this recovery that is happening. >> right. >> and when i look at this chart, i think, what a relief. the weather is cleared. we have had a bounce in loans. >> okay. so you see this as positive. auto, student and other loans, indicator. they are smaller investments than a house but serious investments in people's lives, businesses futures. >> exactly and less important in terms of the size of the loan market there. the green one, that's the daddy. >> yeah. >> when that improves, then you will see, as you say, sentiment improve. but, also, growth in general improves most but credit cards are important as is the corporate.

the economy generally tends to dominate presidential elections, except in times of national crisis. suspect by 2016 the economy is going to be, again, the number one issue. ♪ okay. let's go off-the-record. since i have given them before from harvard law to georgetown law to even my own high school. pick me. i give the rutgers university commencement speech free. not a dime. obviously rutgers knees someone now that the university's first choice former secretary of state that didn't have to happen. if they had backed her up she would be their speaker. she is gracious and knows this is a big day for the graduates and didn't want to become a distraction. i think rutgers looks really bad. plus, think about this, the missed opportunity for rutgers. had rutgers fiercely stood behind and with secretary rice and insisted she give the speech despite all the critics and criticism, the university would stand out as a champions of free speech. showcasing the value of rigorous debate. even when people passionately disagree. instead, the university looks weak, timid in the face of critics and they

general. the economy here could be a lot better than it is. there is huge sensitivity around jobs. additions don't want to be seen as dismissive for -- politicians don't want to be seen as dismissive for concerns of employment. up in terms ofem sales and it worked. >> it was this so-called inversion structure by where pfizer would have been able to move its corporate domicile to london and reduce tax liability. is the sense now that the collapse of this deal brings new life into options or has all the political scrutiny it attracted mean inversions are dead? >> i think inversions are going to continue until such time as the u.s. moves to make them more difficult to happen or change the tax treatment of offshore profits. that is what is driving this. initially the u.k. government, george osborne the chancellor of -- isn't that a great inverse of our tax policy? there have been noises made about closing this loophole whereby american companies can .e-domicile as we know in washington right now it is not the easiest thing to do. inhave seen a number of them the pharmaceutical space in

happened in the wake of the 2008 crisis, which has been a much more expensive crisis for the general economythe actual unemployment level, for what was lost by individuals throughout, and relative to the bailouts and subsidies that have been given cents, and dodd frank came along and did nothing remotely like dissecting regulation from depositors and traditional banking activities. >> a look at the relationship between 1600 pennsylvania avenue and wall street, saturday night at 10:00 p.m. eastern and sunday night at 9:00 p.m. on "american "afterwards." our book selection is "a call to back her, join others to discuss the book -- back." join us to discuss the book at booktv.org. >> "washington journal" continues. host: our next guest is adam snider of "politico." we are talking about the highway trust fund running out of money. why should i be concerned about that happening? guest: you get from point a-to- point b at some point. you are driving, taking a train, a transit system, a bus, something like that -- all the goods you get, everything you order from amazon, that comes on a ups or fedex

that to what happened in the 2008 crisis, which has been a much more extensive crisis for the general economyfor the actual unemployment level, not those sort of tagline unemployment levels, for what was lost to individuals throughout, and andtive to the bailouts subsidies that have been given since. dodd-frank came along and did nothing remotely like dissecting speculation from depositors and traditional banking activities. the relationship between 1600 pennsylvania avenue and wall street, saturday night at 10:00 eastern and sunday night at 9:00 on "after words," part of book tv this weekend on c-span2. online, our book club selection is "it calls you back," by former gang member and community activist luis j. rodriguez. c-spanover 35 years, brings public affairs events from washington directly to you, putting you in the room at congressional hearings, white house events, briefings, and conferences, and offering complete gavel-to-gavel coverage of the u.s. house, all as a public service of private industry. we are c-span, created by the cable-tv industry 35 years ago and brought to you as a

>> the problem is we discovered the inequality wages are hurting not just mcdonald's but the economy generally is. neil: what about those with the food chain that suddenly they jump that 15 that has to increase their pay as well. just that. you see the cycle? >> increasing wages is not a bad thing so is this has a ripple effect. >> wages that increase normally with economic growth that is the problem. you cannot force higher wages. the economy house to accept it. the franchisees' are out there running these businesses they have said they cannot afford the $15 an hour. that nra came out to say there is the massive job losses that went through. neil: i can see the wisdom of the a higher minimum wage to index to inflation instead of the fake it, all the time but $15? i don't even know with this recovery is $10.10 is its over three years or not. i think it is more important to be encouraged to get people in the door then we debates. >> absolutely. we keep hearing we need more jobs. we need more jobs now we make a large incentive to give somebody a job? why is it be forced a pay level? why not 24 t

to income inequality, and i think what the state can do is to promote a stronger economy, a stronger job market, generally and that will help. but the trends that are responsible for rising inequality go much deeper than the fact that we have had a deep recession. we can see those secular trends in operation at least since the mid 1980's. there's a great deal of discussion about what they are. but they probably have to do with technological change in the way it's increased the demand for skills in the work force with globalization. so the return to education and to skill has gone up dramatically. there may be institutional changes that are at work as well. so there are deeper forces that are affecting this that go beyond anything that the fed can do. but i really do think -- >> it's something we should be taking up? >> we should be thinking about very carefully. >> one of the things you mentioned in your opening was about how how the thing has flattened out. could you expand on that? i think what we have seen while the housing market has come back with housing prices in my state's one of the ones where th

what happened in the wake of the 2008 crisis which has been a much more expensive crisis for the general economy

that's a huge impact on the economy that if you delay buying your first home or delay even buy agsecond home because of your student debt, because that's is a huge generatorconomy in terms of new home construction, furnishings and the like. but i hope to get back to my original point, i hope people start thinking about college like that. i pick on wake forest university, where i went. $7,500 when i first went there, adjusting for today's dollars in inflation, should be about $15,000 a year. $45,000 a year in just tuition to go to wake forest. i wouldn't go to school there now. i would go in-state now. >> a lot of these kids are also burned by their parents' experience when it comes to real estate, for example. they have seen the value of their parents' home collapse. a lot of parents lose the home. they're not looking to real estate as quite the grand goal that somebody in my generation did, right? >> you can't justify making one mistake with another mistake, but just to get wack to your point, you're absolutely right. >> don't encourage her. >> she's unbelievably correct on this one. >> oh, boy. >> the best investment we can make is an investment in an e

critical coverage of the shaft is a story in and of itself here we are about to enter a once in a generation economy changing free trade deal and the people who are supposed to be telling us the truth are either silent or on the side of the giant multinational corporations americans deserve to know what their government and big business are doing together behind closed doors and it's outrageous that the mainstream media doesn't seem to think this is true when it comes to the t.p. peter shafting especially now as we're learning it could along with its european counterpart the t t i p undermine food safety for hundreds of millions of americans . joining me now to more talk more about the p.p. and chapter and the threat it poses to our food system are alexis bob mair political director at the organic consumers association and patty lovera assistant director of food and water watch the likes of patty alexis patty great to have you with us i lived in germany for year i said bodies have been bad and i think they'd made you think if that's the american. default injury in any case well. in fact welcome back

economy to operate. >> the consumers generally drive the economy, not getting the income. >> that is the factor that isrelevant to the pace of expansion we have seen. >> the famous book that recently came out, brad worldwide by income inequality, have you had time to digest that? only a thousand pages. >> i can't say i have gone to the last page of its but i am certainly familiar with it. >> it seems to me something that going back to the basic principle, two thirds of the economy driven by consumer spending henry ford 100 years ago this year had this insight, double the pay of his workers so they could buy his cars and we have to start thinking that way again. >> many economists have argued the distribution of income does matter to the pace of spending. i don't know of any utterly clear evidence on this topic but it makes sense to assume that households that would tend to spend a great deal of their income, income distribution shifts in the direction of those who are wealthier and likely spend at the margins less of their income that creates a drag on the economy and the number of economists have cert

problem is what we discover is that inequality wages are hurting not just mcdonald's but the economy in general. neil: what is the same operation is running 11 or 12 now you have to increase their pay spee mhz performance. neil: just that. can you see that cycle? >> it is not as if congress is not getting a wage increase. >> wages should increase normally with economic growth. that is the problem. you cannot force higher wages. the economy has to excepted. the franchisees' are out there running sees businesses a majority of them are small businesses that have said they cannot afford the $15 an hour. the national restaurant association said there will be massive job losses that went through. gerri: i can certainly see the wisdom to pay higher wages to index to reflect on dash inflation but $15 is not it. i don't even know if this dicey recovery so i think it would be more important for businesses to be encouraged to get people in the door then we can debate. >> absolutely we keep it hamper rate we need more jobs. so now we make it more expensive to give somebody a job? why is it we will force a

economy. the ceo of the fast food company in 2012 earned 1200 times with the typical worker earned. >> 1200 times. cox 1200 times. it is with a fairly generousssumption that workers in fast food are receiving benefits and worker full-time schedule, which in many cases is not true. >> how does that affect the industry and the economy as a whole? you say it hurts it. >> there's a macrolevel store that has just become part of the conversation with organizations like the imf and the world economic forum in davos 22 inequality as a threat at the macro level because it generates instability in the economy and undermines growth. at the macro -- microlevel, firms are starting to wake up to the fact it undermines their bottom lines as well. in march, mcdonald's filed with the sec and listed income inequality as one of the primary risks facing their own returns over the coming years. not just because workers are striking cover of because they're having a hard time satisfying their customers because they have underinvested in the frontline services that really build the brand and provide revenue. >> how do you respond to the company say, all right, if