so he goes to hubert humphrey and he tells humphrey about it. and humphrey decides that it would be unpatriotic to reveal this in the last days of the campaign, it would be too upsetting, it would be too destructive thing to do. it's very courageous on humphrey's part, but you wonder what would've happened in history, if this revelation had been disclosed to the american public. >> one other revelation in the book regarding humphrey was who johnson wanted humphrey to pick as his vice presidential running mate. daniel inouye, the hawaiian sender. and he wanted to do it because it was one other barrier, johnson and pass the civil rights act of 1964 and 60, the buddy rice act of 1965 to eight points the first african-american cabinet member, the first african-american supreme court member, and he wants hubert humphrey to do something historic with his choice of a vice president. and taking an asian-american to round out the ticket is the way to do that. and this is a phone conversation by the way, and humphrey says, you know, old conservative huber

reasonable price stability, which was the language in the humphrey humphrey/hawkins example is one example. i do urge congress to continue to pursue the goals of oversight, accountability, and proprobe deeply what the federal reserve is doing but within the framework of present law. thank you very much. >> i thank you. now recognize dr. rivlin. >> thank you, mr. chairman. i'm happy to have this opportunity to testify before this subcommittee as you consider the diverse set of bills about the federal reserve. i will concentrate my remarks on the dual mandate. i believe that the dual mandate has served the united states well and that it would be a mistake to restrict the fed's policy actions to fostering stable prices alone. i'd like to make clear at the outset, mr. chairman, that i believe in a strong, independent central bank. without a strong, independent central bank, functioning to mitigate economic and financial instability, i believe the united states would have a weaker, far more chaotic economy and lose its leadership position in the global economy. the objective of economic policy,

and so he goes to hubert human free and he tells humphrey about it and humphrey decide that it would be unpatriotic to reveal this in the last days of the campaign. it would be too upsetting. it would be too instructive to co. it's courageous on humphrey's part. you wonder what would have happened in the history. the revolution have been disclosed to the public. >> one revolution regarding humphrey who johnson wanted humphrey to pick as vice president. daniel inn way he wanted to do it because it was one other barrier. it was johnson who passes the civil rights act of 1964, the voting rights act of 1965, he appoints the first african-american cabinet member and the first african-american supreme court member. he wants hubert humphrey to do something with the choice of the president and picking an asian-american to round out the ticket. and it is a phone conversation, by the way, and humphrey says, you know, old conservative i can't do. and human free is anything old but conservative. it's such a contradiction. >> let's talk about -- we're going to take questions from the audience in

the humphrey hawkins full employment and balanced growth act sought to modernize and to make a little more ambitious and a little clearer the objective particularly with respect to employment. and it also ended up clarifying what was meant by purchasing power. that's where the reasonable price stability came into the preamble. so it was a way of broadly specifying economic policy objectives for the entire government. but also with respect to the federal reserve, this was the moment we had set up through in 1975 a process of dialogue with the federal reserve regular oversight hearings which goes on and the humphrey hawkins act federal reserve provisions placed those into law and set a regular procedure. that included of course, as professor taylor has said goals for the growth of various monetary aggregates, which over time has dr. rivlin has just said became less useful because the relationship between those objectives or those statistics and anything you ultimately cared about became much noisier and less reliable. >> thank you for that response. dr. kline, being from missouri, my ho

starring humphrey bogart and katharine hepburn, it became a film classic. >> you're crazy. >> and featured a trusty old work boat with a tempera mental boiler and a clattering steam engine. today, 61 years later, that famous boat, "the african queen" has found new life with a more reliable boiler. in key largo, florida, has been put into service by lance and suzanne holmqvist. he, an expert in boat restoration. she, a student and fan of old movies. >> i feel we have been given something special to take care of and we really need to do a good job. >> the boat was built 100 years ago in england but didn't stay there. >> worked in africa for 60 years hauling mercenaries and missionaries and big game hunters and sometimes i imagine they would be on the same voyage. >> after the movie, it traveled to america as a tourist boat and was left to rust in a florida pasture. in 1982, it was bought by jim hendrix who sailed her at events in england, australia, ireland, and new york. his son jimmy is now the current owner, leasing it to the holmqvists. >> she's a piece of history, a piece of history tha

>> vietnam. >> if wallace and humphrey and nixon, it is 68. what i suspect is the reason johnson would call them is peace negotiations were at a sensitive stage. he thought it was important that the candidates both know what is going on and that everyone stay on the reservation. he did not want anyone to undermine the negotiations. >> here is what it sounded like on tape. [audio tape] >> i know you do not want to play politics of your country. i am trying to tell you how not to pay politics with it. i know all of you want peace at the earliest possible moment. i would express the hope that you be awfully sure of what you are talking about before you get into the intricacies of these negotiations. over. i will be glad to add any comment. >> no. comment, mr. president. thank you. >> this is consistent with my position all along. i will make no statement that undercut negotiations. we hope this thing works out. >> yes, mr. president. that is my position all along, too. it is the position you stated, yes sir. i agree with you that we should not pl

and the imbalance grows since 1978 better known as the humphrey-hawkins act, set four benchmarks for economy. full implement, price stability and balance of trade and money. of full and balanced growth act mandated board and the federal reserve submit reports to congress on the status of the u.s. economy and the nation's financial welfare. the humphrey-hawkins charges the federal reserve with a dual mandate maintaining stable prices and full employment. currently the unemployment rate is 8.1%. since president obama took office in january of 2009 the unemployment rate has gone from 7.8% around moderation to 10% as the impact of the financial crisis spread. to 8.1% today. i do believe the u.s. economy is heading in the right direction with the proper nudge it can probably improve even more. as of march the consumer price index was 2.7%. over the past year it declined from february of this year, 2.9%. during the same period the energy index has risen 4.6% and it has increased 3.3%. both increases are smaller than west month. in contrast the change in the index for all items, less food a

humphrey hawksley, bbc news. >> whether italy is next or not, spain appears to be right in the firing line. let's go over to madrid. our correspondent is there. tom, i mean, it's a bit of a yo-yo going on for some of these bank shares. >> that's right. let's talk about banks here. banks, really troubled banks here in spain, one of the old savings banks here, which really lent a lot of the money that funded the property boom which then went bust. shares dropped dropped sharply yesterday. at the end of the day, they were down 14%. they bounced the day a little while ago. they were up some 20%. so, good news in that respect. maybe the new leaders are coming out yesterday saying, look, there's no run on this bank. people's savings are safe, main investors really feel that actually in the short term, at least, it's ok, and actually, another message coming out of the european commission that a bailout is not necessary, according to a spokesman there, that spain is making the necessary reforms, because, of course, the fear really is that the spanish government has the fourth largest bank out

why did lbj do the same thing to hubert humphrey? he became his vice president and he would not let him use a jet plane across the united states. >> you really know this stuff. you are right. he certainly did the same thing to hubert humphrey. i have to say that i have not finished on why i will do it. and nothing i have examined and now. >> let me ask you about the next volume. i know you hate this. what is your timetable? what does it really matter what i say to you? would you believe me? >> of course. this book took 10-years? >> yes, but that is not right. i was doing the research on the rest of its. i have done most of the research on the next volume as well. >> that is underwriting the next? >> yes. i have written part of it. >> do you think this will be the final book? >> i'd written three and you asked this. i said yes. >> what is the update on your memoir that you say you are writing? >> that is very long. i did not have to do any research. it is my own life. it is the day memoir about how i grew up in new york. it is more an

it was invented in 1804 by eight person named humphrey davies. heating wire up to the point where it began to glow and produce he is known as a chemist and the guy who discovered potassium and sodium, and he also created incandescent light. between humphrey davy and edison, you have prime technology that wasn't quite ready yet. even by the time that hj rogers came along, electricity wasn't quite ready. we are currently in the middle of electricity crisis. we have infrastructure that hasn't been updated in 30 years. all of those things require technology to solve our problems. but at the same time, we like to tell her cell story that where one guy had one idea and it completely changed the world. that is not what success normally looks like. if that is all we know, we are doing ourselves a disservice. if you don't understand that the electric grid that we have today is not a perfect thing, it is not an ideal system and it has flaws that put us at risk even beyond renewable generations. you are not going to understand what our energy problems actua

robert carroll talks in his new book about humphrey being a radical liberal. another way to put it is he was an ardent liberal in a party that had conservatives, moderates, liberals -- a lot of diversity. it does not have the diversity today as a result of people like hubert humphrey, who are called conservative today. he was no conservative, but he was a man you could respect. host: indiana. thank you for waiting. caller: liberalism has taken over education and the news media. the president of the university of tennessee kept calling our government a democracy. people called and it was not a democracy, and he left. you had two limbos yesterday, -- liberals yesterday, and they said the problem is the liberal budget the media tries to tell two sides. when these liberals start talking, i reach for the remote. guest: let me address that question. go out and buy my book, "the death of liberalism." you are singing my song. i've not talked much about the media, but in the book i talk a lot about it. i turned their influence on the country -- it creates a small paris

it was invented in 1804 by eight humphrey dacey who became the first person to run the electric current through why you're coming heeding the fire out to the point where began to glow in produced way. he's better known as a chemist and the guy who discovered the elements of potassium and sodium, but also the guy who invented the incandescent light and between humphrey davis and thomas edison and you've got 80 years of different inventors tanking around a technology that is never quite ready for prime time. even by the time hj rogers came along in 1882, electricity still wasn't a sure thing. i think it's important to know because we're in the middle of this energy crises. we have climate change bearing down on us or limited amounts amounts of fossil fuels and infrastructure that hasn't been at it in 30 years and all of those things will require technology to solve our problems. at the same time we like to tell ourselves stories about technology that don't match up with reality. we like to talk about times where one guy had one idea and a completely change the world and that's really not

." >> richard nixon -- >> richard nixon and hubert humphrey. >> that is what romney would like this election to be. >> roger clemens on trial for perjury again. >> i am saying the statements about me are wrong. i have never taken steroids or hdh. >> roger clemens testifying before congress in 2008. in his 20-year major-league career, he won seven cy youngs, but is now on trial for perjury. nina, you were there. >> files or dramas that change and the pace of them changes. the prosecution's star witness was supposed to be any pen i -- andy ptite. he was not the icing on the cake. he basically recanted when the defense lawyer cross-examination said, "is it possible you are wrong? what are the odds that this was 50/50 you were wrong?" he said, "that is about right." >> there is a show trial aspect to this. the feeling of the edwards' se -- makg so greer point that will deter others? i don't know what the facts show on that. >> i don't know the merits of the trial. i defer to nina. but i commend tom davis and henry waxman for holding hearings and forcing baseball to confront the drug epidemic. th

a romney audience, you see -- >> kennedy fitted humphrey in the primary not because he was so but because he had a father who was a billionaire. >> oh, -- >> we can talk about the west virginia primary some other time. >> romney's problem is this. we have the democrats, the party of the rubble, the uneducated. and like to nominate aristocrats, who come from ivy league hool spirit republicans, for the well-to-do, the connected, nominate people who come from humble origins -- ronald reagan, richard nixon, gerald ford. mitt romney reinforces the republican stereotyped as the rich taking care of the rich and only caring abt the rich. he has got to break ouof that. >> thanks very much. enjoy your weekend. see you next week.

the humphrey-hawkins charges charges a dual mandate both maintaining stable prices and full employment. currently the unemployment rate is 8.1%. since president obama took office in january of 09, the unemployment rate has gone from 7.8% to around 10% as the impact of financial crisis spreads. i do believe the u.s. economy is heading in the right direction. as of march, at the consumer price index was 2.7 and%. over the past year a decline of 2.9 term. during the same time, energy has risen 4.6%. the food index has increased 3.3%. both increases are smaller than last month. the index for all items means less food and energy, which was 2.0% in february. all of these factors play a very important role in getting america back to economic growth and prosperity. i look forward to the witness's testimony. i will yield back. >> thank you. i yield five minutes to dr. heyward. >> thank you. it is with great pleasure that i anticipate the testimony. we have a great challenge before us. a central bank, the federal reserve has cherished the independence and implementing monetary goals. we have the

audience, which perhaps he can change in the general election, but you see -- >> kennedy defeated humphrey primary not because he was real, but because he had a father whoas a billionaire. >> all, that is absolutely -- >> we can talk abobout the west virginia pririmary -- >> ronny's problem is thi -- we have two stereotypes of parties in this country. the democrats of that -- ththe democrats are the party of the rabble, the uneducated, and like to ninate aristocrats. the republicans are the party of the will to do d at they nominate candidas of humble origins -- ronald reagan gerald ford. mitt romney reinforces this stereotype of the rich caring about the rich. he has to break out of that. >> last word. enjo

and make sure that humphrey... i'm trying to remember this well. you probably know this. >> actually, i'm not sure about it. (laughs) >> rose: but connolly said to... he told me connolly said johnson said you go to chicago, make sure to keep his feet to the fire with respect to vietnam at that time. he didn't change on vietnam until the campaign. >> rose: no, johnson really kept his feet to the fire. >> rose: that's the story you will be telling. he went back to texas after announcing he was not going to run and the presidency ends and richard nixon is elected president. >> yes. >> rose: people say that he was ready to die. >> well, you know... >> rose: in his 60s. >> yes, he dies at 64. there are a number of things that happen without my saying because i haven't arrived at a conclusion on that. think of him in the white house. he has a wife and two daughters. outside in pennsylvania avenue all through the last two years people are chanting "hey, hey, l.b.j., how many kids did you kill today?" you can hear those chants in the white house. he knows

romney audience, which he can change perhaps during that general election -- >> kennedy defeated humphrey in the primary not because he was real, but because he had a father who was a billionaire. >> oh, that's -- >> we can talk about the west virginia primary another time. --romney's problem is this we have two stereotypes of parties. democrats are the party of the rabble, the uneducated, and they white to nominate aristocrats. republicans, because they are the party of the privileged, they nominate people from humble origins -- ronald reagan, richard nixon, gerald ford, john mccain. mitt romney reinforces the republican stereotyped as the rich taking care of the rich. has got to break out of that mold. last >> word. enjoy your weekend. see you next week.

hubert humphrey said it is demeaning and degrading and disgusting. it has got worse because if it is 24/7 fayyad everyday is election day you can use money to buy the election time. -- television time the root of the problem is not money but the permanent campaign that many greases the wheels and now not just what romney collor obama's can raise but the super pac which is hundreds of millions of dollars. >> they suggest a time limit? >> i fake it could pass but it is a part of the problem. you point* out we have the institutional reforms but most depend on the compromising mindset. it would be harder to do that. eric is a catch 22 we think there is a way out of that. we do suggest banning fund-raising outside of your district or the leadership back the grass roots fund-raising reform these all tried to skirt around the position of the supreme court. the court has over interpreted way the arizona plan for financing campaign. there are a thing that could be done but we've eight we should focus on not only money. then there is the excuse not to compromi

when richard nixon defeated hubert humphrey despite losing spiro agnew's home state of maryland. >>>gather around the water cooler to watch "saturday night live's" andy samberg give graduation advice to harvard's class of 2012 during yesterday's harvard college class day. >> this is a truly beautiful and poignant passage from the 1929 collection, the winding stair and other poems. and i think it's especially applicable to today's ceremonies. it goes like this. ♪ this is how we do it ♪ this is how we do it ♪ it's friday night and i feel all right ♪ mark zuckerberg, who was a harvard student, was kind enough to send me some remarks that i will relate to you now. hey, guys, it's me, mark. or as my friend cokofi annan cas me. i asked mark wahleberg to send over some thoughts for you guys. and here's what he had to say. hey, harvard. how's it going? so you guys are graduating, huh? i think that's great. we should do a film together. what do you think. but my advice to you is simple. relax, dude! you just finished college at harvard. you worked so hard. trust me. you're going to kill it. i

the humphrey hawkins charges the federal reserve with a dual mandate, both maintaining stable prices and full employment. currently, the unemployment rate is 8.9%. since president obama took office, it's gone from 7.8% around inauguration to 10% as the impact of the financial crisis spread, to 8.1% today. i do believe that the u.s. economy is heading in the right directi direction. with the proper nudge, it could probably improve even more. as of march, the consumer price index was 2.7%. over the past year, a decline from february of this year of 2.9%. during the same period, the energy index has risen 4.6%, and the food index has increased 3.3%. both increases are smaller than last month. in contrast, the year change in the index for all items, less food and energy, which was 2.2% in february, edged up to 2.3% in march. all of these factors play a very important role in getting america back to economic growth and prosperity. i look forward to the witnesses testimony. mr. chairman, i would yield back. >> thank you, gentlemen. now i yield five minutes to dr. hayward. >> thank you, mr.

no. 3 toy parker thinks he's humphrey but devon harris chooses and down.aven't seen a rejection like dozens my junior prom. i never to the giants made three more errors tonight but please keep private clubs. and never won a lot this? we all have helped a 55 year-old sharon simmons try not to be a dallas cowboy its cheerleader over the weekend. the grandmother of two works in commercial real estate since said that trying not is something she's always wanted to do. >>> 55 years old and she's a grandmother trying now to be a ♪ [ male announcer ] for our families... our neighbors... and our communities... america's beverage companies have created a wide range of new choices. developing smaller portion sizes and more low- & no-calorie beverages... adding clear calorie labels so you know exactly what you're choosing... and in schools, replacing full-calorie soft drinks with lower-calorie options. with more choices and fewer calories, america's beverage companies are delivering. when i take a picture of this check, it goes straight to the bank. oh. oh look the li

i mean, humphrey bogart in deadline u.s.a. did you have a role model? did you see something that inspired you to be a reporter? um... maybe izzy stone, i.f. stone from i.f. stone's weekly. but mainly the people at the star. there were great reporters at the star. this was a great newspaper. at the time, the washington post had, deservedly so, a reputation to some extent for slanting stories, and it did, particularly in its local coverage. and the star really had the best of old-fashioned journalistic play-it-straight values. and it had some great reporters as well as some real characters straight out of the front page. they've outlawed characters now in newsrooms. yes, there are no longer characters. they're not permitted. they have rogues in newsrooms right now. there's no smoking, no drinking, and no cussing. so from those--that beginning-- what an extraordinary beginning. 'cause you saw america's newsrooms as they-- at their most vibrant, really. and-- when i went to work at the washington post, i thought i was going to work for an insurance company.

am a former member of the staff of this committee and that i served on the team that drafted the humphrey hawkins full employment and balanced growth act. i wish to speak in support of the mandate. that law was drafted at a time of acute eratical conflict on economics and on the staff, i was a young liberal. one of our colleagues james pierce, two other

no. 3 toy parker thinks he's humphrey but devon harris chooses and down.ke dozens my junior prom. i never to the giants made three more errors tonight but please keep private clubs. and never won a lot this? we all have helped a 55 year-old sharon simmons try not to be a dallas cowboy its cheerleader over the weekend. the grandmother

true liberals like hubert humphrey, ed koch and pat moynihan or their intellectual components are dead or in retirement. their liberal bigger has not bet replenish. we have lived through the death of liberalism and it is time we had knowledge as much. liberalism is dead. americans today can be forgiven. there was no national announcement but the end of an era. with npr or "the new york times" or if there were few americans to follow the organs, of there was no read being at the graveside. there was no graveside. from my car i did filed the obituary december 42010 now have elaborated on occasion the death of liberalism. perhaps i should stop by the roosevelt memorial to leave flowers of the feet of fdr. at least he saved the world and made us well martini. but now it is time to solve ashley occasion. "the death of liberalism." seven years ago 2009 before a conservative is them enjoyed the mightiest victory in modern times times, santana house said -- set to liberal hearts aflutter titled the death of conservatism. some of you read it. not unlike my book but it was complete the totally t

robert carroll talks in his new book about humphrey being a radical liberal.ay to put it is he was an ardent liberal in a party that had conservatives, moderates, liberals -- a lot of diversity. it does not have the diversity today as a result of people like hubert humphrey, who are called conservative today. he was no conservative, but he was a man you could respect. over education and the news media. the president of the university of tennessee kept calling our government a democracy. people called and it was not a democracy, and he left. you had two limbos yesterday, -- liberals yesterday, and they said the problem is the liberal budget the media tries to tell two sides. when these liberals start talking, i reach for the remote. guest: let me address that question. go out and buy my book, "the death of liberalism." you are singing my song. the not talked much about media, but in the book i talk a lot about it. i turned their influence on the country -- it creates a small parish a culture of smog -- creates a smog, a culture of smog. it is a political cultur