i mean when you think about how do you think low i mean i mean small and medium companies have to go out of their way to make a good impression but let's go beyond that i have my of my since i actually sit on the board of one of the large state shipping companies in russia the executive and the director and i was brought on along with several other. independent directors to try and help help me with dealing with corporate governance issues and always the image of the company in all the markets and would try very hard to to improve that isn't the issue of what's the biggest barrier what's the biggest challenge you face from doing what i think the biggest challenges is there has been one of mentality that needs to change but again it's a question of time and i think you're generational but i think it will take us to that i mean i think it's you know i think it's going to be a couple of years but generally i think of the past you know ten fifteen years you see the love of a lot of progress and i think that's going to continue you know it will always go back to this year and i in western

it's on limit of what they can do and it's right open and i'm sure in the world i mean sure there aresome vodka and some other brands that are being exported now but there's a whole broad range and it's really going to get whatever it also is a i won't name the brand but i like oh mom who teaches wristwatches ok and i came across a russian brand name in here and it's absolutely exquisite maybe a little goldie a little bit too much this is what i do you say ok well this isn't really fair i should have worn my russian one but my point is that technologically speaking it's state of the art if you can go up against any swiss brand but it's a third the price you can afford the price you know what it was what does that manufacturer how to do i should point out their presentation that with a box with a sold it was awful ok wasn't attractive ok but the product itself was how do they get around that is it just investing that enormous amount of money or just to repeat what everyone else is about but i think it's a process that i mean it's going to take time in any case it's going to be you know

when russian policy was with the thing that with was really considered to be good i mean i mean looking about him or you can see adventurous and watch and i think the changing i mean we're seeing with seeing russian russian brands which are now being. pushed forth in the west and the association of russia with even western brands. is very potent take chelsea football club i mean russia has done a lot for an individual believe that a lot of the russians have made this possible and i fantastic you know there are some things where you can definitely see there's been a lot of progress and in pushing a russian to the asian you know thing going you may do russian brain. hands have to be better than the best to be equal i just gave the example of a wristwatch manufacturer i mean what do you have to do to get the eye of a consumer because they're selfish so many brands out there that people identify with i mean i'm holding a painting here again i won't name it here maybe i mean this is one of the nicer ones but most of them are just pure plastic they still cost a lot of money ok you're buying t

it's its great market share i mean will have will we will we have more than pigs only there is. significant danger all the contagion beyond what's priced in the markets. i think it's going to be i think the markets a two percent mistake until short term looking on their whole european situation again i'm going to come back to what i was trying to say in the beginning that the period of fiscal consolidation and of the unprecedented structural reforms would be positive for europe in general so i think there is different pages relatively small again you know what about this slippery slope here ok moral hazard i mean if there's always going to be a bailout you know it has to there has to be a contradiction there i mean the money runs out eventually the question is if the question is on its own by you know if it is just a bailout then you know structural reforms don't take place so if it's money that actually results in structural reform then that then that is the exit i just think this is where we really disagree i just think that trying to do structural reforms right now is politica

bit i mean about that. great i told. you what it. really should be fighting inflation. but showing it was really like you go you know you did. well michael those other strategies you mentioned sound like there is they take a little bit more work than a nice press release so i'm not sure i'll hold my breath for that but i mean the surprising thing about the strategy or whatever you want to call it is that how out of line it is with frankly the typical fear mongering that we see out of washington i mean you know the japanese were demonized two decades ago for buying up american corporate signals we saw the scandal over the divide ports deal we saw china wasn't allowed to buy a company an energy company that it wanted to buy so why are why do we see this flip from a foreign equals bad to suddenly foreign it equals good. well you certainly there are some good news if they are going to read and read it every right there's a need i say to ready wonder radical if you are also and you know countries but because of our huge balance of payment better they are anyway they do jump

do you know what i mean? like, that's the error there's been. i'm not blindly making fun of, like-- "reagan's got a neck like a turkey. barbara bush looks like the quaker oat man." you know what i mean? like, that's nonsense. i'm not gonna attack anyone for the way they look. if i've got something to say about politics, i've got something to say about what i perceive to be the dissemination of disinformation or what feels like lies to me or clearly taking advantage of the american public. as i said last night, every time a politician says, "the american people are not stupid," they're mocking us. you know, they're banking on our ignorance and apathy. and again, i say we're like ignorance; people are like, "what do you mean? what i mean by ignorance is, you're not given the information. you're not privy to the information. i'm not calling you stupid, you know? but politicians sure bank on your stupidity. they bank on your apathy. that's how political careers are built. what you say is certainly not a salute to

well i think i mean i think you got to look at the reserves at the end of the day i mean there's no we know there's no shortage of oil in the ground the issue seems to be these countries ability to to invest and develop all for the future as we stand at current that currently there are there are two main opec countries that seem to be in a position to do that one is saudi arabia and they have a fantastic trial record of achieving that and the other one is iraq iraq has undoubtedly phenomenal oil reserves the real issue with iraq is political stability and whether we're going to see this country bring on the supplies that it's penciled in in the timeframe that it has i think most serious oil analysts a little bit skeptical about that at the moment but but the real question is you know is there some trees or in the opec you know the big problem is outside of you know we see production in the north sea declining we see our net production in all opec countries basically fly which really gives opec control over their marginal supply of oil i gentlemen i want to ask all of you want the same

act together when there is a crisis when prices are going down now when there are high prices so i mean is that going to take that for opec to find some kind of cohesion again. yeah no i think you're absolutely right opec has a much better history of unity when prices of weak and when they need to cut production than when prices edging are when we only just as recently as two thousand and eight just prior to the financial crisis we saw that they let prices get away on the upside. there's a reasonable debate about how much oil prices were causative to the the financial crisis but the argument clearly is that they're slightly more tolerant of prices than they are low so i think if you look at the history of crises that opec's been through where you had the iran iraq wars in the eighty's you've had the gulf war in the ninety's you know i think this is actually pretty small beer on the overall overall. you know limits of the sort of political involvement they have each other but but at the end of the day you can be sure that even if it didn't exist it would come into existence because when

before the program where we were both were discussing i mean if we look at an international audience international customers there is i can only think of one international russian brand and i'm sorry it's twenty years out of the end of the soviet union and that's kalashnikov ok i can think maybe gentlemen can help me out here but i can't think of another brand here that it's a real deficit here but is it also an opportunity i think it's a considerable opportunity because. as michael was saying here probably are some very good brands that are known here in russia and i know there are some russian consumers that would really love to buy the russian brand instead of the foreign ground so they. just waiting for someone to please do something with them or improve them. russia has considerable potential because they can take the best practices from around the world they can apply them here and great brands and really export them out i mean they have really. limited what they can do it's wide open and i'm sure in the world i mean sure there are some bugs in some other brands that are being

but i think it's heavily steeped in domestic political considerations i mean as as gareth has pointed out you know americans are way ahead of this but i think it's a very convenient time out today after the killing of bin laden i think it's very convenient time for him to associate reduction of troops with success in the counterterrorism strategy. and afghanistan but what's confusing and what's very indicative of this short term sort of policy is that western democracies and satisfying because it's issuances that the aims have been shifting constantly since success in winning in afghanistan is meant very different things as we've gone along i mean to begin with. and the americans were very much focused on counterterrorism and i south was focused on sort of counter taliban when obama came into office we started talking much more about counterinsurgency petraeus and his boys brought their lessons from into afghanistan and so we switched more into a steep counterinsurgency role and now because we've had success with bin laden we switch back into counterterrorism success it's really i thi

on and hope never fall out of their i mean it's not. a person i suppose i would say because you know minutes on cable television people can stumble on him in a way that they can't necessarily stumble upon going back or going back you have to go with this if you are well you could radically. if i can find olbermann on the table but there is a similar move to basically walking away from the larger corporate structure and. using the the attractiveness of their own brand to have their fan phone and is it doesn't say more about the failure of the mainstream channels and supporting alternative views or is it just too isolated cases where both men decided to make their moves for whatever personal reasons they need it so well i actually think i think it's a combination of the former in that there is a failure by the what would media to do to reach certain audiences but it's also in many ways sort of the natural evolution of technology i mean we've seen people in music do this you know musical acts who have left the corporate structure of their t

which way could he go and i mean there are other people but i know there are some people who are very concerned that he could we could see al qaeda really get a foothold and that's how i introduce this program is that it would be a threat to the region and beyond how how serious do you think that is because we know that there is that we know it is already there we've established are going. so i was not and i would take as an assumption that ali abdullah saleh will not be the head of state in yemen for much longer i think he's finished i would put him in the past case there are different sorts of islamists in particular there's this last movement which has become a political movement and then there's the what we talked about the house the rebellion which was shiite and then there's all kind of which is sunny all of them with a different ideology with a different perspective oppressed different personnel competing in ways cooperating in other weights. but there are serious forces in yemen that wish to see a car off of yemen from the west not cooperate with the west not be part of the in

if i could just interject hearing it i mean phil brown does bring up a good point i mean if you agree or disagree with him a lot of these bailouts are about banks bailing out banks isn't it i mean are they thinking more about their friends and making sure they get a return on their investment eccentric cetera versus the average person in the street about having a job are paying higher taxes etc etc i mean it seems to me that that's the two tier thing here banks saving banks saving economies is the second after thought. let me let me jump in here i think that it's a little more than that. in crisis you know yes banks bail out other banks it's the i.m.f. or it's other banks dealing up thanks but this is this is a little more serious you're talking about trade precipitating in a contagion across spain probably and then who knows where else and so is trying to avoid another crisis situation which then not is this a little bit higher up than just banks bailing out banks we're trying to prevent a financial crisis to repeat itself for what happened last spring and that will affect not only e

is up with corp sleeping with the government or is it the other way around i mean i do know that is there is hope we will bring that answer to you in just about. anything as friday june twenty fourth but lucy catherine up here in washington d.c. and you're watching our t.v. . now bankers are being laid off more than ever suge numbers according to some accounts twenty one percent increase in layoffs on wall street in fact i have a feeling that a lot of folks are probably losing sleep over this i mean these are the guys who have been profiting while everyone else has been losing cash right well for more details let's speak to a wall street reporter for the business insider watch to help. break this down for us tough times on wall street was i mean. i think that there is going to be i mean just this revenue down and banks have basically increased salaries and banks console to do that if they're not making money so what do you do you start cutting jobs and people are going to be angry about it and i think there's going to be some unhappy faces on wall street if they're not making the money th

that dropper up because of the great will we say about you chad and i mean the bounce back so. great i think. for prosperity you know you play it but. i show you how that really aggressively fighting inflation better like a good plan to attract solar direct investment but showing the country right. because you are a huge target. what i call those other strategies you mentioned sound like they take a little bit more work and a nice press release and i try to hold my breath for that but i mean. the surprising thing about the strategy or whatever you want to call it is that how out of line it is with frankly the typical fear mongering that we see out of washington i mean you know the japanese were demonized two decades ago for buying up american corporate signals we saw the scandal over the dubai ports deal we saw china wasn't allowed to buy a company an energy company that it wanted to buy so why why do we see this flip from foreign equals bad to suddenly foreign it equals good. well i think you certainly get me and you know for some good music. to read and read every right watchi

i mean, he's into pakistan now. i mean, when..you know, congress is supposed to declare these wars. and the second is too concessionary to big business. he's had personal invitation. six times the head of aetna insurance, six times the head of pfizer drug, have met with him in the white house. he's never called out to us. >> hinojosa: has he called out to you? >> never once. doesn't answer the letters. one of his best friends, dr. quentin young, 85 years old, in chicago, the leader of the single payer movement, wonderful doctor who he used to spend quite a bit of time with, he never invites him for consultation. the head of aetna, the source of the problems? he is conflict averse. >> hinojosa: so what do american citizens... what do we do, then? because, you know, there are a lot of people who are saying, "well, wait a second. we thought that change was on the way." obviously some people are saying, "wait a second. we don't see the change coming. now i feel entirely frustrated, and i feel so frustrated that i'm entirely apathetic, and i don't want to do anything." >> well, that's ex

i mean, you know, i certainly didn't see it coming. not planning on -- you know, to some extent it was woody allen who said in one of his movies, marriage is the death of hope. and i had not had a lot of luck in my first couple of marriages but, you know, i found myself in a relationship. we've been together for about 2 1/2 years now where i just couldn't imagine spending the rest of my years with anyone else. and it just doesn't get better than this. i mean, we laugh a lot and that's what it's all about. >> oh, yeah. >> i think you've got a scoop for me, haven't you? reveal the date of the wedding. >> the date of the wedding -- can i tell them? >> sure. >> it is june 18th. >> june the 18th. >> this year, saturday. >>> we'll be there obviously. >> we're excited. >> a huge cnn breaking news event. >> of course. you're invited. >> a june bride. >> a june bride. >> my brother will be my best man. the groomsmen will be my two youngest sons. >> it's going to be a lot of fun. we've done -- >> the bridesmaids. >> the bridesmaids are my best f

honestly so it would i think it would be perfectly legitimate to say that there has been a shift in mood i mean after the fall of mubarak regime was so central to the old reigning order in the middle east that its fall created this for you and i think hyper optimism and it would be perfectly legitimate to say that the mood has changed significantly after the protracted cluster messed up at a politely and libya and bahrain and syria and yemen. i think people are just simply more grounded in reality now about the kind of cost it's going to take and time and blood to see this transformation through but i still think that the general outlook is still positive for me the story in syria is not so much the fact that there is this protracted brutality taking place as much as it is that people are still taking to the streets despite of it that far and so i think the cat is out of the bag people have lost their clear this is the moment for the middle east to change and i don't think that anything can stop it i think we're different regimes will be able to employ different tactics to delay that transforma

here more ideologically driven a theory driven in the early years because as our just pointed out i mean it in a in a lot of people know is that the the russian economy contract is fifty percent at one point during his administration and i like to point out to my audience here the great depression in the united states the u.s. economy contract of twenty five percent so if we can put that magnitude out there well i think it was not an ideological president and if you listen to his speeches if you read his speeches now he never said the word capitalism. all the world sort it isn't that was not right he style i mean i remember him saying in one of his interviews back in the ages that people are tired of lady origin people just wanted to live better and they wanted more economic freedom and he gave them economic freedom in one thousand eight hundred nine hundred eighty two the problem was that of course people were cool and the only ones who were reach and influential were criminals or some former party boss us so obviously they benefit from this privatization more than an average russian bu

eye has been seizing domain names they did the exact same thing when it came to child pornography i mean there they weren't physically removing any kind of service but eighty thousand websites i put out and got taken down so it just makes me start wondering if these people always know what they're doing if they're being careful you know executive a line basically said that if they thought they were sloppy and now we can't get back on line you know i mean one of the one of the really troubling things is that they seem to have made a mistake about the distinction between servers that is an individual computer storage rack and server enclosure for cages full of huge racks of lots of different servers i mean a server rack like has you know more information than the average library so the amount of seizure there is really disturbing and probably having runs afoul of the fourth amendment particularity requirement you know may have a warrant to search my apartment because we're going to search have to be particular you're not supposed to bust into every apartment in my building and if the warra

i mean we don't know i mean this guy you know he's pretty cagey guy i mean i think he's trying to suck an audience and you know he's got his brand he's got his target groups that followed him over and he's also got the courage demos the people that watch courage he wants to bring them in so he's got it i think he's going to do it a little easier i think you've got to ease into it he's not he's not a lunatic that people are looking though they're looking for something different right there where you're somebody who is willing to step above the fray i think it's his hand not to the m.s.m. d.c. versus fox to oh you know the hucksterism part i think he did overplay the alternative people think of alternative there's a lot that's a very pregnant word and so i think that you know when when when current and him and he's a great self marketer use that term everything all the wheels start turning in the audience's mind he didn't really deliver on it i think the next time he's got to start delivering on i'm just wondering what do you think the current strategy is at the end of august do they rea

rice and i mean. reporters do this every day this is the very fundamental basis of what we just heard. this secret information about the power or about the government of corporations. we have the freedom of the press in going after rice and why it's going on him and now subpoenaing him trying to going to testify against who believe his source is what i have a tremendous chilling effect on journalists so. it seems like this is like the post patriot act. although it's not just the patriot act obviously but without a vibrant fourth the state i mean it's referred to as the fourth estate because because of this notion that without journalism you can't have the first he can't have the legislative the executive and the judiciary and have them function in a small d. democratic fashion. is this part of a larger assault on the fourth estate on journalism or could it become i mean what's the state of that relationship right now between government forces that. is not accountable relationship. do not administratio

you know what i mean? so i just -- you know, there's a season for things. and the season has changed, and i'm really enjoying it. >> are you the same, scott? or do you see some negatives in the aging process? >> well, my biggest problem is i think that i'm still -- i'm not middle-aged and that i'm 20 years younger. i keep getting into trouble because i'm rushing out and doing things -- >> but isn't it a physical and mental thing? when you look in the mirror -- i don't know about you, but i still see a guy -- when people say to me you're looking your age, i thought you were 55 or something like, that i'm like, what? when i look in the mirror i don't see a guy of my age. and i talk to my friends about it, and they're the same. you don't age as much in the mirror, do you? >> well, you mentally feel it. you know, i feel younger than i look. i'm like -- i'm trying to look in the mirror, but this old guy keeps getting in the way. you know what i mean? but i feel mentally -- emotionally i feel like i'm still, you

you know well i mean trouble i have carried all this money i lied about it especially in the case of greece and now we need help so germans really come out ok for i mean we see this time and again. so here's the question jerry's odds right you have to bail out the banks if there's one thing we learned from the last couple of years and from the great depression it's that if you don't bail out the banks then everybody in society is going to pay on the other hand and philip is right that you don't want to stick the whole bill on the german taxpayers so the key to the solution to this problem is to find a way for german creditors and french creditors to oss oatcake a haircut or to pay some of the costs of settling that that problem which is the whole issue of restructuring based debt in the medium term in such a way as to make it sustainable so that's what i was talking about before but we need to find some sort of a solution in between just cutting the greeks are off and bailing them out down the slippery slope as you say we need to find something where the greeks and the germans but no

yeah i mean just. i mean i think omar's aspirations and his policy prescriptions and you know in principle are fine but the problem is they can they're so they're overly simplistic he keeps talking about how you know we have to accept what the people of these countries want there isn't one people in these countries in the brain they're terribly divided between sunni and shiite similarly in syria the terribly divided between kurds sunni alawite and he talks about how we have to give rights and representation to the palestinian people which palestinian people the people who support hamas or the people who support fatah so i mean they're terribly divided if they could unite i take you bet these these situations would probably be solved a lot more quickly i think that's why we see that i mean i think these are sort of forced tunisia where it seems that people were united right but in these other countries they're not and so we have to be very very careful about what we ask for we ask for democratic electio

school of public affairs of the university of texas all right gentlemen this is crosstalk and i mean crosstalk rules in effect you can jump in anytime you want if i could go to david first in florence is the is the arab awakening as it's being called turning into an arab nightmare as i started out the program three of these countries that are undergoing. social strife it's turning into a vicious civil war and democracy seems to be more of a distant ideal if it ever was. there are two sorts of people involved in this there are the people who want power and the people who want freedom and for the moment the people who want the gaining ground over the people who want freedom and the people who want power have a lot of very unpleasant characteristics going for the crew brutal people and they hold on to power and they're not going to give it up and we see in one country after another that the people who want to. have quite different character of the people who want freedom and the people who want freedom are not characteristic thugs and brutes they were standing up for themselves and for h

i mean they have at least pretended to care a little bit no i mean because it is the press. i mean and you also understand i mean they're also depending on the outlet and whatever platform you're talking about there are political reasons for keeping the story alive i mean obviously this is this is me breitbart star rise as it was started and to the mark i will dip back into the market again trust me but this helped him you know going to raise his stature this is something that's been playing on conservative blogs and news sites as well as fox so there's that aspect of it but that's actually a pretty small part of feeds that the seriousness that we all want to plug into plus it's cheap there's no new so they get to get the pundits on to roll with it roll with it and it's not there's no breaking news here except for that and you know so they're sort of they can graham want to so it's cheap it's like casey anthony's case it's cheap there's no investigation needed here i mean you can churn this ensuring this i'm sure and so do you think eventually before because people want to s

people on the ground certain rights so what do you think about that i mean is it easier for the africansto borrow money and get investment from the chinese then from the west because of the baggage well i do think that the chinese have made a focused effort to invest in africa to increase their trade with africa mainly because they need to natural resources a fuel growth back home that has given african countries more options because they don't simply have to rely on the west and the conditionality that often comes with western assistance and with western loans and so i do think that there is in that sense it's a better environment for africa in terms of the choices that they have but i would also say that there i do agree that there is a bit of a values gap in that somewhat as whether china you know there's a policy of not interference in the affairs of african countries some would say that that's not an interest in the welfare of african people and i don't want to make it seem like the west is great and china as you know doing bad things in africa that's not true it's more complex you

percent are interested in keeping troops there until the situation is stabilized quote unquote so i mean that's really you know it's not that obama is satisfied in public opinion what he's doing is primarily satisfying the interests of the pentagon in the military they have gotten most of i would say eighty percent of what they wanted whereas the faction in his administration that was really concerned about the cost of the war got very little of what they wanted a lexus and i'm going to you in london what is obama's priorities then because a lot of people see this is this kind of smoke and mirrors that it's not really a real drawback at least at this point because. drawing the number of troops is still there's still really very few deadlines out there and maybe that's done it on purpose we can talk about later in the program but is this more driven by domestic politics and what's really happening on the ground in afghanistan well sure i mean i think the drawdown is actually and it is slightly virtual drawdown and it has to be just in twenty three thousand self because after that after th

the family jewels that actually created wealth in this country and the rest of it just fell apart i mean and in the process i go to you john on this one one of the one of the biggest criticisms to this day is the creation of oligarchy they controlled so much of the economy and the and this is exactly the inequality the demon here was talking about and it still plagues this country today there's still a concentration of wealth in this country and it comes from yeltsin there ott. i very much agree i think that if he and others have talked the talk more about strengthening the rule of law i think russians probably would be a lot happier today about what happened in the ninety's and might even be wealthier today just to go back to a point about the man alex said which i agree with which is whether he was a man motivated by politics i think in many ways he was motivated by instinct to sit around moscow and say well he was a democrat he's a democrat but he doesn't really know what it means and we watched this tremendous churning in society and it was very difficult to understand sometimes what

certainly i mean but i can't imagine that he actually posed for this and i mean i think the great oppose for like a while long time ago yes or i was going to go before and he can donate the proceeds from his speech to his family and their family though that's what. i said when you got short isn't it your life of the politician the right role thank you for joining me tonight thanks for having now to put a night show thanks for tuning in to make sure that come back tomorrow they've kept me from politically back on the show to discuss the republican primary debate that's going on tonight now in the meantime don't forget to become a fan of the a lot of show on facebook and follow us on twitter if you missed any of tonight's or any other nights you can always catch you tube dot com slash we want to show and coming up next this is the way. i tell marvin here broadcasting live from washington d.c. coming up today on the big picture. we'll. bring you the latest in science and technology from around the world. the future of coverage. download the official ante up location giong so called touch fr

mean for u.s. debt. for more i want to go now to our new york studio to talk with courtney comstock editor at the business insider. and there courtney reports now saying this is not the death of these talks but they're certainly on life support so i want to get your take what happens if an agreement is not reached you know that's a terrifying thought if it hits august second and we haven't raised the debt ceiling and we haven't delayed it longer i don't i don't think i had a lot of people are saying that we wouldn't automatically default on our debt and i find it hard to believe that we would but it's a possibility and even the possibility is. something i don't think the u.s. wants to mess with we as a nation where you know we pay our debts and that's something i think we want to stick to doing and as we know as a nation this is not a unilateral decision and this is not something that will just affect this country this will affect potentially the entire world how do you think other countries are looking right now a