it had been funded by goldman sachs commercial paper and now they can back to goldman for 5 million-dollar loan. henry had for ideas, he recommended selling sears on the open market making it the first publicly owned retail operation in existence they doubled the firm's investment and having a 10 million-dollar profit and term both goldman sachs and sears into household names. during the next 11 years, goldman and lehman underwrote a number of great companies that excited him for the most which he knew would be the new land park in the firm drive to the top was studebaker which became the first automobile manufacturer owned by the public. even his partner was impressed by about one. as they descended and all the things the bankers put forth became the hot issues everyone wanted to get in on the personal animosities between the two brothers continued to deteriorate and spread among their families. they came to the head in 1914 when the war broke out in europe they said these were pro allied, the henry who had always admired the german people efficiency and culture felt otherwise and spoke v

of goldman sachs. blankfein testified that a former board member, rajat gupta, gave rajaratnam confidential information valued at $17 million-- tips about a possible acquisition of wachovia bank and the $5 billion investment in the firm by warren buffett's berkshire hathaway. joining us now with analysis of the trial? steven feldman, a former assistant u.s. attorney in new york's securities fraud task force and now a white collar criminal defense attorney at herrick, feinstein. >> susie: hi, steven, how are you? >> great, susie. >> susie: do you think lloyd flank the blankfine helped the government's case? >> absolutely. the government's job is to put a bunch of bricks together and try to make their case. they have the tapes plaintiff gupta allegedly giving tips, and they need a human person, a moderator who give the the information about what was really going on on the outside, outside of that phone call. and mr. blankfein with his credentials and role with a great reputation on wall street was the pe

and goldman sachs considered buying troubled insurer a.i.g. three years ago, according to wire tapped phone conversations. that audio tape was played for jurors today in the largest hedge fund insider trading case. raj rajaratnam, the accused founder of the galleon group hedge fund, was heard getting the scoop on possible purchases by goldman. his conversation was with a former goldman sachs director. now, rajaratnam denies any wrongdoing. he's charged with 14 counts of conspiracy and securities fraud. still ahead tonight-- why focusing on boosting productivity at the nation's colleges could help the american workforce. more now on japan, the markets, and fed. joining us-- diane swonk, chief economist at mesirow financial; and mike holland of holland and company. hi, diane, hi, mike. nice to have you with us. >> hi, susie. >> good to be here. >> susie: diane, let me begin with you. what's your take on japan. even though we don't have the acknowledge on the scope. do you think it will have an impact on the global economic recovery? >> there no

morgan and goldman sachs they push their debts out of the government and then push it on the people but for somebody who goes into debt to affect the the air of someone with a lot of wealth they don't understand that their debts don't go away they're just being used as chumps of course well all of these kind of combine in the next few headlines as well. in this confusion of what value or wealth is and the confusion often caused by our own governments confusing us through misinformation sergei elana coughed gets eight years prison sentence as the puts it the man who single handedly the last stole goldman's algorithm that could quote manipulate markets that's according to the judgment is now the person with the biggest prison sentence to come out of the entire financial crisis sergey alaina call has just gotten a ninety seven month sentence for doing absolutely nothing but copying some goldman code that would never be recreated by anyone in the meantime the bank exacts who should be in jail are currently benefiting from their co-opted fed to allow them to collect taxpayer funded dividend

goldman sachs up almost 3%. bank of america shares, though, were up just a fraction. it did not request permission from the fed to raise its dividend. caterpillar continued adding to recent gains. we're looking at a 90-session chart. this week, caterpillar was the best performing dow jones industrial component. the most recent low came a day before the japanese disaster. today caterpillar said global dealer sales were up 59% in the three months ending in february. cigarette maker lorillard popped 11% on seven times its usual volume even though a food and drug administration panel said removing menthol cigarettes from the u.s. market would help public health. the panel did not recommend banning menthols though. about 90% of lorillard's sales are from menthol cigarettes. starbucks is the latest consumer company to raise prices. shares were active even though they moved very little. its hiking grocery store coffee bean prices by 12%, blaming speculators. and just one new stock this week. cornerstone on-demand priced at $13 per share. but since its first trade was over $1

it takes goldman back to prices last seen in december. goldman along with citi were downgraded by the banking analyst at bank of america- merrill lynch over worries about weak first quarter earnings. here's the past 90 sessions for j.p. morgan. it fell 1% today, but this week, it was the worst dow industrial component, falling 2.5% since last friday. meantime, drug giant pfizer was the best dow stock this week. despite this fractional loss today, the stock was up 4% this week and hit a new 52-week high yesterday as big healthcare has staged a comeback. in fact, the healthcare sector was the best performing sector today. following-up on the employment services stocks we mentioned last night. some of the gains ahead of the jobs data did not hold. robert half, s.f.n. and manpower dropped by at least 1% each. online jobs site monster worldwide saw stiffer selling off more than 6%. this is the past 90 sessions. this drop in january came when monster missed earnings estimates and had a disappointing outlook. today, investment bank william blair

morgans and the goldman sachs they've committed financial terrorism around the world in egypt all over country struggling to break free and but primarily in the united states well this was a private contractor who made this report for the pentagon in two thousand and nine and so only just been released to the public and the guy's name is kevin d. freeman and he wrote this report called economic warfare responses and he reports that the three phased attack was planned and is in the process against the united states' economy but he says he says this could be coming from middle eastern states islamic terrorists hostile members of the chinese military or government in organized crime groups in russia venezuela or around so he's blaming somebody else and then he goes on to report this he says the new battle space is the economy we spend hundreds of billions of dollars on a weapon systems each year but a relatively small amount of money focused against our financial markets through leveraged derivatives or cyber efforts can result in trillions of dollars in losses and the perpetrators can re

i appreciate your comments regarding the goldmans report and i know a lot of people may not have seen it, but 47 economists came out quickly thereafter to basically say the goldmans report regarding cutting spending was way off base, and the thing we can do to get our country moving ahead is to begin having some fiscal discipline. i agree with you, we need a long-term plan, can't all happen in one year, but we have to begin at some point and we're workintogether, i hope, to put congress in a straight jacket so that over the course of the next ten years we'll have the discipline we need you talked a little bit with senator crapo about -- about inflation and explicit target and you now have a dual mandate, unlike the european ctral banks, unlike the bank of england. what policy rubs does that create internally or perception issues having the dual mandate that you now have? >> well, it means that we have to look at both sides of the mandate in making our policy decisions. sometimes that causes a nflict where,ou know, for example, a stagflationary situation where unemployment is too high,

morgan chase goldman sachs and morgan stanley paid on average about eleven percent in taxes on their massive profits well below the thirty five percent corporate tax rate that's billions and wants revenue for the federal government so what could we the people do with some of that extra cash especially with our budget deficit here offer some answers reporter and water extraordinary at think progress said welcome back to the program thanks for having me tom thanks for being with us. we're still average americans most people are still in the throes of the bush i call i'm sorry called the bush depression it's just you know it's just. how are the banks to the banks are doing great banks are even better in some ways as he said the last six mega banks in this country paid about eleven percent rate and bank of america in particular in two thousand and i didn't pay anything at all but you could profitable their extreme lee profitable i mean their executive executives are still getting away with highway robbery and they're exploiting our tax code and paying their taxes while you and i are cont

goldman. the cwa has supported this deal, why? >> we think it's good for the consumers and workers. right now we are moving in the wireless industry and into the next generation of wireless technology. and that's going to take both tens of billions of dollars in investment to get us there and it's going to require a lot more spectrum. right now people are aware that on their wonderful mobile divisions that they want to stream video, that they want to get on the internet and search with web pages. in many places, they are experiencing their dropped calls. there's a great need for more spectrum and a great need for the capital to invest in the next generation networks. we see that this merger will enable the merge to at&t to do that. so that's good for consumers. >> how is it good for cwa,? >> it's good for workers because right now behave experienced a situation in mitigating circumstance where we've seen declining living standards for working people over the past three decades. a lot of that is tied to the fact that many of our own employees have seen they want to keep unions out of

has charged a former goldman sachs director with insider trading. rajat gupta is accused of leaking confidential information to the galleon group. galleon's founder raj rajaratnam is awaiting trial on securities fraud and conspiracy charges. now, investigators say gupta gave tips to rajaratnam about goldman, including berkshire hathaway's plans to take a $5 billion stake in the wall street firm. gupta's lawyers call the charges baseless. goldman sachs has not commented. >> tom: a corporation is not a person and doesn't have the same protections when it comes to the release of documents held by the government. that's the ruling today from the u.s. supreme court in a case involving at&t. the telecom giant wanted to prevent the release of thousands of company documents gathered during a f.c.c. investigation into billing practices. competitors sued under the freedom of information act to see those papers. a lower court ruled in favor of at&t. that was overturned today. >> susie: with the launch of a >> susie: with the launch of a new ipad expected tomor

goldman sachs, i know that there's a critique on goldman sachs, but you can't discount the objective assessment of them saying that in the c.r. that was passed a week ago 700,000 to 800,000 jobs would be lost. mark zahndy was the economist and advisor to john mccain. i'm not sure what politics he has, but he is not in a political office today. and he provides us with an independent assessment that the c.r. that we voted on, which the senate would not agree to, would cost us 800,000 jobs. this document will go nowhere. unfortunately the $4 billion that is cut out of here and a litany of other unfortunate cuts is only temporary. i want to live to fight another day. we all want to be able to respond to the needs of this country and deficit reduction and a fair budget. but we could have had a clean c.r., and we would have reasonably sat down and made right decisions. most economists have said that cutting the government in the middle of a budget year is an infection. the fiscal bipartisan commission said project to 2012 and 2013. don't cut 2011. it's important for the american people to

lloyd played fine -- blankfein, the head of goldman sachs. street analyst, turn journalist expressed surprise that so many members of wall street believe are caught up in the scandal. >> i am shocked by the fact that a goldman board member is accused of doing what he is accused of doing. which is picking up the fund seconds after a board called and calling in -- calling a hedge fund. even a trainee would understand how horrifying that is. and this is someone who has been in business for 40 years. >> these jurors will hear how the hedge fund manager with about his business. they will ultimately decide if he is again a poster board -- poster boy for wall street's misdeeds. bbc news, new york. >> direct talks to try to end one of your's most intractable disputes on the way in brussels. ed this is between the serbian and the kosovan governments. serbia still refuses to recognize kosovo broke away from serbia three years ago. bullets and tear gas fired at students. doctors say 10 people were wounded, five it seriously. columbia's defense ministry

. >> and the government has another big name on their witness list, the chief executive of goldman sachs. his testimony will establish the responsibilities of a former director acudesed of passing on tips. a former wall street analyst expressed surprise to see so many members of wall street's elite caught up in the scandal. >> i am certainly shocked by the fact that a goldman board member has been acudesed of picking up the phones second after a board call and calling a hedge fund. that is a blatant violation of everything the firm stands for. a junior trainee would understand how horrifying it is. >> over the next eight weeks or so jurors will hear how he went about his business. and with the government's attempts to crackdown on insider trading are working. >> dozens of people were rounded up in a major police operation against one of italy's organized crime groups, now considered more powerful than the mafia and one of the biggest cocaine traffickers. it is a significant blow. >> this was a big police operation conducted in darkness and with enough manpower to overwhelm any resistance

still, goldman sachs calls the quarter a "setback." also turning in results was cruise ship operator carnival-- again, no surprise. but its current year outlook was less than anticipated. and that disappointment hurt. shares dropped 4.5%, the second worst in the s&p 500. this is the past 180 sessions. as oil prices have rallied, shares have fallen almost 20%. competitor royal caribbean slipped in tandem with carnival, off almost 4% as volume doubled. helping limit some of the market losses-- medical device maker st. jude. shares jumped 6% to a new 52- week high. j.p. morgan calls a new heart defibrillator cable the most important new device in almost ten years. the analyst thinks st. jude will gain market share from competitors. those competitors include boston scientific, which fell 4%. and medtronic was off 1%. after getting slammed yesterday, telecom led the sector gainers thanks to cellular tower company american tower. this is the past 90 sessions. the stock bounced 4.5% after falling yesterday over worries about less business sho

campaign contributions were conning from because true it was clear and transparent and known that goldman sachs and other wall street banks were making very large political donations to obama put but ordinary people gave a lot of money to them so they had all the need we thought that it was some balancing because yes he got big money from goldman sachs to get big money from wall street oligarchs then you get all this financial and spiritual and moral support for maybe people and a trade union movement so you would think there would be some counterbalancing and that's what we have yet to see in the two have years and of course right now it's just a preoccupied reelection dr west our poll came out just a few weeks ago indicating that confidence among americans are is that a thirty five year low that brings us to a card or era presidency i mention this because i know that you are planning an event for early april and you're calling on all americans to take part in this event from what i read is about empowering the people of this country to fight back against the corporate rule as you call i

of goldman sachs. rajaratnam's net worth is estimated at $1.5 billion, and he has spent an estimated $20 million on his defense, so far. his lawyers are expected to argue rajaratnam was simply doing thorough research in his role as a hedge fund manager. the trial is likely to last six to eight weeks. it is the government's highest profile attempt to crackdown on illegal trading on wall street. here's how u.s. attorney preet bharara put it when charges were announced at the end of 2009. >> it would be a mistake to think that this investigation is focused only, or even principally on, hedge funds. we have gone far beyond that. in fact, this investigation goes to the very heart of fair play in the business world. >> susie: joining us now with more analysis, steven feldman. he's a former u.s. attorney who worked in new york's securities fraud task force, and is now a white collar defense attorney at herrick, feinstein. >> hi, steven, nice to have you here with us. >> thank you, susan. >> susie: how strong

joining me tonight, three remarkable women, dina powell at goldman sachs and behind the firm's initiative to help women with small businesses and management examination and zainab selbi and the organization helps survivors of war rebuild their lives and tina brown, editor and chief of the daily beast and news beat and hold a second summit next week. it will bring together female leaders from all walks of life and the world. here's a look at last year's conference. >> the rights of women after the 21st century, what civil rights were to the 20th century. >> this will be an amazing opportunity for all of us to learn through the powerful stories of women and some of the men working on some of the most serious challenges of the century. >> they did not expect a short woman not up uniform walking the prisons i think the message was this is a new way of life. >> for every place where women's lives have improved there are still too many where there has not been that progress. >> when we come together as a community and support each other it's amazing the things we can do. >> the said the name of

morgan goldman sachs we have something like this. we call your money. sucker so the average net worth of billionaires on forbes billionaire list is now three point seven billion compared to three point five billion in two thousand and nine it dramatically increased at the top so carlos slim is still the richest man but his wealth in two thousand and ten increased by twenty billion for example but then steve forbes the guy who runs forbes magazine he says these are creators they're not plutocrats these are do or making things happen and when they do well we all do well when he's lying they're not creators they're not do or they're or clucked or kratz they're stealing money from the system it's like defending cancer saying that cancer is somehow beneficial to the host no cancer is destroying the host the top fortune or forbes list as a cancer destroying the host called the global economy and the global ecology it's the eco eco disaster in the u.s. ten percent of the people own about thirty percent of the nation's net worth that's up from thirty five perce