but i think it's true. o i wonlder if -- i wonder if really if you look at the country each with its wealth, the amazing achievement maybe one could say is the qataris. but if you take them out of the equation, i don't know if saudi arabia's really punching below its weight. in the days when it was punching way above its weight, that was when it was spending all this money to spread extremist ideology around the world. >> yeah. >> so that, you know, you had wahhabi imams in wahhabi mosques and wahhabi schools growing up in indonesia -- >> still have that. >> yeah. and so that was not a good thing. >> yeah. no, and i'm not casting a judgment value on it. i'm just saying in terms of, again, and i think the point of the article was that if you measure -- if you had those resources and you were in saudi arabia and you shared those goals -- >> would you do better? >> yeah. then you certainly could do better. again, i'm saying -- i'm not saying that would be good for u.s. interests, certainly. i'm just trying to c

nuclear proliferation and even i think from the western perspective i don't think the i think there is a problem with iran pursuing peaceful civilian nuclear which is very it's very clean but is are very critical it's very hypocritical isn't it if you read the nonproliferation treaty every country that signs up to it has the right to civilian nuclear power except for rand apparently according to the united states and according to israel that's really into critical in wrong isn't it. well i think it's a little bit more complicated i think iran has shown that some sort of like really built like distrust in the international economy and the reason i'm saying is this is that because of the revelations of several i think calander stein i think place it was not just two thousand warned that the whole. took place in nat hands and iraq where i think rebuild it was also in two thousand and nine i think excuse me in two thousand and seven the nuclear facility is in for the in south after her on was not iran was not transparently cording to the nonprofessional you can pursue but you have to be tr

>> i think it's hard to tell. certainly the case that i and others at the federal reserve did not anticipate, although we knew this would be a slow movement out of this recession. that credit was constrained, particularly for real estate and when you think about when we started buying in late 2008, early 2009, constrain for a whole variety of uses. but i thought that as the banking system and the financial system was rebuilt that credit would become more widely available and that the zero interest rates and the negative real rates subtracting 2% expected inflation would stimulate a lot of demand. i did not anticipate that we would go through so many years of slow growth. would doing more in 2009/2010 have helped? maybe a little. i think part ly certain balance sheets needed to be rebuilt, things needed to come together, other obstacles needed to be overcome. certainly i didn't anticipate the fiscal restraint that would be in place in 2012 and particularly 2013. so other things happened that were hard to anticipate.

i think it would be to lose their rights the right way to understand him i think they're on the think what he really cares says of the man. and does his personal interests it's he is. in the interests of his family of both in terms of his political influence and in terms of the economy and of running a business in ukraine once again i think it's personally and holds the full responsibility of all of the political crisis here in ukraine that's the person who put the relationship between ukraine and russia into a very dangerous situation and that's the person who put the relationship between ukrainian people have been union into this wary of mass that we can see some of this that's why going back to the beginning organization most of the ukrainians feel that this man should step down from his present position he's personally responsible for this mess that the country is at the moment while i miss the tank unfortunately as only time will tell whether this is going to happen but we are out of time right now i really appreciate your perspective and to our viewers if you like the show pleas

there baby i don't. think everybody in america and americans living abroad and countless tens of hundreds of millions of people around the world are terrorists but one thing the outcome and we've just heard it on this program is the chilling effect is that maybe the real purpose of this program or programs is to make people wary of speaking out. oh i think so for sure i mean if we look at one of the sayings that we use the most here in america knowledge is power if the n.s.a. is attempting to control especially all the communications and knowledge and information resources on the entire internet all over the world at all times that what else could they really be using it for if it isn't to manipulate that power to cause people to do things or not do certain things it's really just an extension of the military power and the n.s.a. is a is an arm of the pentagon it's really an extension of military power that the us uses in exactly the same way except it's even more pervasive because it deals with almost every s

>> guest: i think that the -- i don't think that there should be any hesitation. i mean, the fact of the matter is that every day we are, we are putting ip technology into our networks. every day we're seeing manufacturers building more and more ip equipment and less and less analog equipment. so i think it's important to let those trials go forward, and i think it's important to sort of measure the results of those trials, because they're going to be informative for everyone. >> host: walter mccormick, are there lessons to be learned, in your view, about how to regulate ip when you look back attritional regulation over traditional telephones? >> guest: i think definitely. but i think to begin with the question of how to regulate is really the wrong question. the question is how to assure robust competition. if you, if you think about what the new chairman has said in terms of competition being his lode star, it is directly consistent with the very purpose of the 1996 act, the preamble to the 1996 telecommunications act, an act that's now 17 years old, said that th

i think that -- i don't think there's enough assurances that we won't see i think what many of us have been talking about is an expansion of meters into the neighborhoods that we represent, it seems clear that there's a lot of discretion here with the sfmta, even with the 5 thousand meters they're getting and while it might be unlikely that they will be able to install new meters, it's clear that they have the discretion and flexibility to later down the road and i think there has been a lot of consternation about how we do parking meter installation. i'm not opposed to parking meters, i think that there is a very valid argument as to the fact that we charge people from muni so we should charge people for parking. i think that we also generate revenue for sfmta, so all of those things are things that are arguments that i think are good ones. what i would like to see from the sfmta while we were rolling out or considering meter expansion is that we also think about a revised residential parking permit eligibility requirement and in a lot of the neighborhoods that i represent that have t

i. think. that had he had read or had a court of law on the phone to online there's a story made for the movies playing out in real life. a. yo yo yo people's welcome to breaking the set on abby martin so turns out all those people that are cannot off the streets of their cities and black bag by the cia before they were subsequently tortured just aren't allowed in and go yes to guantanamo detainees dollar he-man the sherry and i. are no so in the polish government for helping carry out the cia's rendition program during this time the men were taken to secret prisons in poland and subjected to horrific abuse by interrogators the corner the guardian amrit singh of the open just society justice initiative excuse me who represented nashiri so that his client been repeatedly tortured incurred everything from name.

move forward with the build out and i think that the rfp idea is something that provides that opportunity. the one thing that i would like to figure out how we incorporate into anything we do is how do we make sure that we don't reinvent the wheel and that we maximize the benefits from work that has already been done. we, as an agency, have invested a lot of money in work by entities like public power and local power -- how do we make sure that their work is incorporated into whatever happens. because we do are have work that has been done that provides a potential framework and i don't know what that looks like in terms of an rfp but i think it's important for us to make sure that work consult ants have done for lafco is a part of what is done and we don't lose that work and the other question i've had for quite sometime is what is it that we, as a city, can do internal ly as well to move the ball rolling and one question is the issue of the h bonds and are there actions by the board of supervisors by the city that should be taken as part of any kind of build out or for any build out to

i think he will. and try to make amends and try to move forward for the sake of our country and the sake of the senate. >> when i talk to democrats, they tend to say to criticize the president for his lack of reaching out to senate members to house members, what would you say your relationship is like with him? >> i would say that mine is probably like the majority of senators and especially democrats up there. everybody has a different style again as we've said. and that's just not in the president's nature. to pal around and, you know, the gregarious type of personality that is like bill clinton. two different people. >> does it hurt the country's business? >> well, it makes it more difficult. it's hard to say no to a friend. when you build that relationship and that friendship, you're looking for ways to try to work things out and find a compromise and that friendship means an awful lot. when you don't build the personal relationships, it's pretty easy for a person to say well let me think about it

i don't think they need any advice. >> hi. i attended the rashad gupta of trials last summer and was fascinated just seeing the whole family whether it was acting or genuine grief and regret going along. but, i would like a little more on the tipping point that you brought up very early in the conversation, where in that colombia speech that you referenced they seemed confused about what's next and how to go higher. how does wanting to hang out with henry trafford's and that sophisticated billionaire clamorous set and at the same time wanting a little more money via roger rat him -- i don't understand how he won the pole. instead of wanting to be in that elite class of sophisticated billionaires, is it simply greed by your analysis? is it simply greed that attracted rajat gupta and like this gentleman here, i never heard on tape anything, any words from rajat to say that he had given the tips. my second question and that is what i'm even more interested in is did the wiretapping of roger began because of speculation about his a

you know regulation is such a hard thing to do what i think i think at least the rules a step in the right direction the question is is what comes of it i think we really will know now i want to ask you how you feel about stanley fischer the former head of the bank of israel being named number two at the federal reserve. you know i think as many people have noted he was ben bernanke his advisor at mit so i think to me it's just it's it's what i a little bit worried about is is just more of the same you know i think it in our in our film we highlight officials like paul volcker and some of the regional bank presidents at the fed who have a slightly different perspective i think with stanley fischer i think you know he's clearly a very smart guy and an esteemed you know figure in this world the question is will his ideas be any different from what we've been seeing for the last five ten fifteen years out of the fed and i think i think the answer unfortunately is is notably more of the same now in your film you had a lot of access to current and past but officials what they have to say

you know i think. i'm going to just keep repeating myself i feel like again we have to look at these things over the long period of time when alan greenspan stepped down in early two thousand and six he was you know seen by many as at the top of his game you know people were saying the greatest fed chair ever the greatest central banker ever you know two years later things look really differently as the u.s. economy and financial system completely collapsed just after he left so i don't i don't know that were in the position that we were you know under greenspan but i worry that bernanke is really seen as being a hero for the boom that he's created in the last few years but what we've seen recently again it's the title of your show sometimes those booms turn to bust so i worry that he may be seen as a hero on the way out but you really have to look at these things and i would argue that the best fed officials do look at things over a longer term they're not looking at this quarter or what's the stock m

i think given the other countries that i have seen been deemed adequate, i think we are especially because of our strong enforcement. i remember going munich for a bunch of businesses and regulators in germany. at that time, it was a couple of years ago. maybe a year and a half or two years ago. they thought that all privacy enforcement in the united states was done through self-regulation. and i said, well, agree, no really. t not true. let me explain automatic we coin the united. it's not a sentence. it's a paragraph or two paragraphs. it's a more detailed conversation. but personally do i think we are adequate? yes. on the other hand it's not my job, right, to name determination. and thing what probably makes the most sense for us right now in the united states is to recognize that the e.u. has not determined that we are currently adequate. and to try to focus on interoperability that is try to focus on how the safe harbor mechanism works. how binding corporate rules work. how other interoperateble mechanisms work. the e.u. said okay even if you're not adequate we allow data transfer th

i think there it is important to have that meeting. and a couple of things that i will just say, i think as we are closing this hearing i know that we have a board meeting coming up soon is that we are committed to this process and i think that it is incredibly important for our residents and i think that we heard it in public comment and we begin to address the transportation deficiencies today and as we talk about the projects it is not just the warrior's arena, we are talking about the major development, on pier 70 and in the transbay neighborhood and all of the projects are projected to produce, 8529 units in this very small part of our city and project jobs at 40,725 and while these are really great numbers, i believe in growth and density, we have to make sure that our neighborhoods have the faith that we are going to be able to provide the infrastructure that is needed to support this development and growth. otherwise, the question is should we continue to grow, if we are not able to provide that level of infrastructure and on th

so i think it adds some insights, but i don't think it's complete and i don't think either paradigm isccurate here. >> edward snowden has been on a big public relations offensive this past week. he gave an interview to the washington post in which he said this, "the measure is accomplished, i already won, and he has a christmas message." together we can find a better balance, end mass surveillance, and remind the government if it wants to know how we feel, asking is always cheaper than spying. >> congressman shichiff, are yo moved by the the message? >> not at all, and i think there is a real irony here that he is giving this message from one of the foremost big brother states in the world where he is living without any privacy because there is no right or expectation of privacy at all in russia. he kindled an important debate, but i think it came from a mixture of emotions on his part. i think he should have stayed in the united states and stood up for his beliefs if that's what motivated him. so i don't find his message particularly moving or appealing. >> congressman rogers, in "the

i think things have changed a lot. i remember even just last month chris matthews' interview with the president where the president said himself, you know, that the snowden disclosures have raised concerns. i think this latest move from judge leon, and i think it's very important that it actually came from judge leon, who was a bush appointee, who is not a liberal judge, who is not somebody who was appointed by a democratic president i think is really important. i think a lot of these things help to sort of change the public tide and i think change very much so what it is that he was trying to do and trying to say. i think that's having a huge impact. when does edward snowden leave rub russia? i don't know. where does he go? i'm sure that's still an open question and he doesn't know either. but these issues for him i think have really changed dramatically, even just in the last 24 hours. >> i would just add one thing very quickly. what's fascinating about the judge's ruling is that the nsa says we get sign off from the

i don't think anyone has learned about this for like 100 years and i don't think it's been in force for court's ruling is misguided, especially in this day and age. if that's the wrong precedent. neil: but to ashley's point, it's not just a potential grooms was cheating on his wife to be, but that he never had any set mine in marrying her in the first place and so he went beyond just duping her. would he make of that? >> you even mention that that is unfortunately what happened someone is going to be next is are we going to allow people to sue for breach of failing to wash the dishes and the relationship and it's just that such a slippery slope exists and maybe you don't like this. but there are quite a few men in the world that break promises to women. >> okay, what i think this comes down to this man had the wrong defense. he claimed it was because it was part of this relationship and in georgia law, that means that he called her a prostitute. and he claimed the relationship is like this, she was a prostitute. neil: one is -- what is the term? >> it is calle meretricious. neil: okay,

>> i think gold has trouble down to 1100. with larry only because i think there are some crowded longs in this trade. i think gold ultimately has a place, the same reason people were buying it, central bank diversification, is alive and well. i think that's something they have to adhere to. when you look at where we are with global disinflation, i won't say deflation, but prices are a big problem. look what's going on with commodities. look at the oil glut in the world. i think that's negative for gold. i actually would be in other parts of the commodity chain. i agree gold is oversold. i agree iron ore is oversold. i would own copper. >> a lot of people are talking about how commodities are clearly not the place to be right now. j.j., anything to be said from a portfolio point of view for all the people who were told, look, you've got to diversify, you've got to have a little exposure to this sector. they've been hammered by that exposur exposure. is now time to look at it for opportunity or do you sell and walk away? >> i th

so i think it does add some insights, but i don't think it's complete, and i don't think either paradigm is really accurate here. >> all right. let's move to the nsa because leaker edward snowden has been on something of a public relations offensive this past week. he gave an interview to the "washington post" in which he said this: for me, in terms of personal satisfaction, the mission's already accomplished. i already won. and he had a christmas message. yes. a christmas message for the people of britain. >> together we can find a better balance, end mass surveillance and remind the government that if it really wants to know how we feel, asking is always cheaper than spying. >> congressman schiff, are you moved by the edward snowden christmas message, and has he performed a public service as he seems to think? >> i'm not moved by the message at all, and i think there is a real irony here that he's giving this message from one of the most foremost big brother states in the world where he is living without any privacy because there is no right or expectation of privacy in russia whatsoev

i think we can both gain on the food safety area. ideal not >> i just want to follow up on the united states consent with the issue. why is it so important for the trade agreement. and the last question with the european negotiating ways. i am wondering who the good guys have plans -- [inaudible] with china? >> well, certainly i think that the negotiations that we would do with china on investment, one of the issues that would be discussed there is the settlement. we certainly will be discussing also this issue besides chinese colleagues. >> press, as i said, it is extremely important to maintain the right of governments to regulate the public interest. at the same time, it's a strong objective to make sure we have in the international system strong investor protections that do include, as i mentioned comest a two state settlement as well as the investor state history settlement. >> that's it. thank you, everyone. >> thank you. [inaudible conversations] >> why did she write this book? frankly, you're busy, right? >> as you are. >> i w

i think this has been good. on your first question about obamacare, the best thing to happen to obamacare was the government shutdown. i remember asking a guy who was defending it about two and a half weeks in when we finally started talking about the website and all the problems -- remember there were glitches. i said when can we start calling these glitches a debacle? he said by the middle of november if the website is not finished. today is november 19. it is a tremendous debacle. it's not just the website. it's incredible that the greatest country in the world has spent hundreds of millions of dollars loving a website, -- building a website, and the thing doesn't work. i am tired of hearing excuses that it is going to work by november 30, when it likely is not. there is more than the website. the website is the least of their problems. it is perhaps most embarrassing. in life you get one chance to make a first impression. that is the first impression you made. we are seeing democrats like diane feinstein gett

i think this pops up to 120, more risk reward-wise. in the long run, agree, if we have inflation, it will help all stock. >> i know we're not the enableers up here. here's why i say it. because iwm puts or something, we use all the time. you get a lot of volatility inherent in the russell. all these things the inflation, the slower growth. things that may be happening or not with the fed, play with options. >> i think that's a good idea. i personally hate the decay in options. to me i don't wage trade options because of that decay. >> robots, they're taking over, apparently. not quite yet. run robot seemed that way after an upgrade. we will talk to the ceo of irobot coming up next on "fast." . . >> so appropriate. >> keep that gold cane in your shirt. >> keep it in the shirt. >> gold old sparks, a ro robot frenzy, boston dynamics him check out shares of irobot today soaring from raymond james. joining us on a cnbc interview, col inengel. great to have you with us. >> great to be here. >> i want to talk about what was the real force behi

i think that hurts the president. i agree, larry, the representations you made about if you like your health chaare, you can keep it, has been devastating to his own personal credibility. as they get the health care law and the health care website, the signups more online working better, i think those things are going to improve. you can see a little bit of improvement already. there's no question that this last 60 days for the president has been utter disaster, and the nsa rulings that came out of the court, or the suggestion the nsa program is unconstitutional the other day is going to put pressure on him from the left which he's not used to enduring and going to create additional challenges. >> and this new task force, they want to reform the nsa. the nsa is part of it so it's not only obamacare. you know, terry jeffrey, look. 50% of americas own stocks directly or indirectly. through pension funds, own it through 401(k)s or own it through a brokerage account. actually the stock market rally has to some extent affec

and i think our demographics is comfortable and i -- we can see that. they are interested in now more in decorating their homes. >> you did say that you're optimistic about the rest. what have you seen so far since you made those comments? >> we will all keep in mind that we have strong earnings growth. we also are comparing to very, very tough however, what we are really taking a look at is is maintaining our presence in the home. right now at this time of the holidays, we see that people are our real focus is in providing great, fantastic family rooms. people are going into their homes, they are redecorating. it's possible that new home sales may get lower but the interest in decorating and making their homes look great. in the next week or so we are really focused on the family room which means all kinds of so sofas and chairs and media and 70% of that we make right here in the united states. yes, you have had earnings growth and it's the time for people to decorate but in terms of getting the traffic in, you have reported that people were not using

i think. over. digital the price is the only industry specifically mentioned in the constitution and. that's because a free and open press is critical to our democracy shred albus. role. in fact the single biggest threat facing our nation today is the corporate takeover of our government and across several we've been hijacked by handful of transnational corporations that will profit by destroying what our founding fathers one still just my job market and on this show we reveal the big picture of what's actually going on in the world we go beyond identifying the problem trucks rational debate and a real discussion critical issues facing america five ready to join the movement then walk a little bit. right on the scene. first street. and i think pictures. on our reporters twitter. and instagram. to be in the know. on. deliberate torch is on its epic journey to such. one hundred twenty three days. through two thousand and nine hundred towns and cities of russia. relayed by fourteen thousand people or s

something like that could be accepted in washington i don't i don't think that's right i will be really surprise. if the president's review group comes out and says the europeans to deserve more privacy and civil liberties protections then other foreign countries but i mean you mentioned hypocrisy here let's talk about this a little bit every intelligence service in the world is specially the big giant intelligence services in china and russia and some of those in europe or very very active in trying to collect intelligence in the united states in so when we hear certain politicians to cry what american intelligence is up to we think they're sort of doing it with a wink and a nod knowing that they do the exact same thing mr allen and that stood with all due respect and neither russia nor china go around the world preaching civil liberties and respect for privacy of privacy and you know all that sort of things i think what is hypocritical here is that i merican preaching one thing and doing something else entirely this is why they hold while this so taken ab

that means if i wanted to think -- if i want them to think about a certain thing, if i have what i think is a bit of an unusual take on a case, a take that has not been presented so much in the brief, i will try to use oral arguments to preview it, if you will. to get people to think about it. many of my colleagues do the exact same thing. sometimes you feel sorry for these lawyers. this lawyer is standing on the podium. it is kind of an excuse for us to be having a conversation with each other. you can tell that the lawyer is a little bit like, i have some points to make, too. [laughter] we are like, too bad. [laughter] >> i think some law students can identify with that. >> then we have conference a couple days after oral arguments. i like that. a lot of appellate courts around the country, people go into conference right after the arguments. i like the fact that we have a couple of days where we talk about it with our clerks, i talk about it in one-on-one conversations, and we mull it over. i mull it over, what i have heard and what i am thinking. then we go into the conference room a

last hope that i think is true. eligion very often is the last hope the last resort for people and it's good to have it. if it were not the word no hope i wonder how damian that connection really is because i mean if you turn to something just because you cannot get any anywhere else that may be. on the on the level of spirituality. may not be very genuine em in economic hardship it is indeed a very strong motivator but ultimately what's really just cares about is the soul and on the condition of people in in this world right. i agree to some extent. life is more than just eating but without eating there is no life i would say that if there is somebody really in need and there are so many people really in deep need one should not forget that there's nothing wrong about going into a temple into a church and synagogue into a mosque in this religious field and ask for help do it and get help nothing bad about it and very quickly before we go to the break pope francis in the few months that he has been in the holy see he

i think we're looking at status quo. i think the democrats will retain control of the senate. republicans will pick up a seat or two in lots of southerns sta states that could have a hard time winning re-election. democrats will lose sights. they're not going to gain majority. divided government after this election. democrats in the senate and republicans in the house. >> what about john boehner? any threat to his leadership or is he winning more power by clamping down on anybody? >> i think boehner has beaten back any real challenges to his leadership. he's broken the tea party in this last budget deal and show them to have less of power. there's no immediate one apparent to him. eric cantor will not usurp him. if he wants it, he's got it. >> mike, your outlook for the economy next year. we've seen the fed say it's going to start tapering. people figure the fed is seeing something it likes. >> the market is up 30%. it means they see good things. it's okay with a gentle well telegraphed taper. the risk is you get some run of da thta that's up end. people in the market are real

i think corporation kind of can consume can do i'm the banker i take all that all about money and i'm actually sick for a politician like the boss and rest because it's. just too much. of a side. up. sublunary they are legendary aren't going to let you get along here in a club that never had sex lives up hurting their lives let's play. lists le monde's let's listen. this month marks the one hundred year anniversary of president woodrow wilson signing of the federal reserve act kriti one of the most powerful and secretive institutions in the united states and the decisions made by the fed's board of governors have proven to have profound implications for the global economy so what exactly is behind the curtain of the federal reserve joining us now is jim burst director of the film money for nothing inside the federal reserve available this month on d.v.d. thank you so much for being here today now i want to start off by asking you it's clear in your film that you're not a fan of alan greenspan for both his mismanagement of bubbles and keeping rates too low for too long however paul vol

>> i would think that you should be. >> would you? >> i'm not right now. >> would you prefer to play industrials over silver? >> why? >> i look at the space and i see what the activity is all over the world. >> let's hit some unusual act e activi activities. >> it was very interesting. when you look at november, option contracts trading there a day and suddenly you get into december. you look at december 10, 2500 contracts trading. the january calls really stand out the most. today based upon this deal they are trading over $3. >> micron is not getting bout out by anybody but i think the whole space is definitely moving up to the upside. >> traders don't think there is any reason to party. dan made his way to the smart board. hi, dan. >> some of the largest activity in the options market was in large cap tech today. three trades that caught my eye. there was a closing seller of the december 37 puts. 30 thousand times at 65 cents and then moving on to intel where a trader sold 17,000 of the february 26 calls out of the money to close. s

i think it's early days at twitter. and there's a lot of people excited about the stock, and we see some great possibilities for them in -- really in the television business. i see how much people in your business talk about what people are saying on twitter. >> mm-hmm. >> and i think they own part of the conversation in the media industry. they've got to figure out how to monetize that. >> yeah. hey, glen, thank you for spending time. have a happy and healthy one. >> great. have a great holiday. >> glen kacher. guys, what do you think about the plays? >> the facebook, the news that came out, they'll be doing the ad -- the video ads and now twitter is following up, and talk they'll be getting 4 to 6 million around the super bowl for the ads, that's huge. that's the story that hasn't been told yet on facebook. and to a lesser extent, also on twitter. so i like both of the plays. >> what about the chinese internet plays? he's made a killing in these names. they're up, like, 200%. >> i was going to say, up 200. the average

>> i think we're on the right track, but i think that unfortunately it allows the rich to get richer and it doesn't have a place for the middle class and the poor in our city. and i think that part of what we have to do as a city when people are interested in economic development opportunities in our city, they need to be a part of our city. and it's not just about giving out free gifts or giving out free turkeys or giving out free anything. it's about what type of job opportunities, what type of internships, what type of commitment are you going to have to the most vulnerable residents of our city? how are we going to impact lives? you're basically -- this is a great economic opportunity maybe for you and the city, but how does this directly impact residents of the city? so, i think we have to do a better job in making those connections. >> let's talk a little about the issue of sports, the role of sports in the city's economic future. are you supportive of the plans for the new warriors stadium? >> i'm supportive of a plan that includes the residents of this city. specifically, wit

i still think there is value. i don't think it needs to be sold. s go to allen in florida. >> caller: hi, jim. this is allen calling for florida. i would like the benefit of your extraordinary insight into the workings of the stock market, particularly about salesforce.com. in the last four quarters, including the quarter ending october 31st, crm's revenues have increased nicely be, the cost of sales, operating losses, net income losses from continuing ops, all spell to me a company out of control. >> i don't think that's fair, sir. i use operating cash flow and i use cash flow, and it's pretty terrific. that's the way i judge a big growth company. remember, this is a company that is trying to put on huge growth and doing it in a fashion that i find to be understandable if you go through all the financials beyond -- look, you absolutely raise good points. i'm not going against that. and i know that mark benioff, when we were out at dream force and he walks you through all the numbers, and i am a believer when he walks you through the numbers. i've b

i think that's important for the united states and i also think it's important for the world. we are already seeing that the united states in any way steps back there is a rush to come back and starts to fraction to break apart some of that influence. i don't think we should let that happen. it's too important. >> five think in some ways we are no wanting to become isolates one in the world will and i've got some problems with a lot of the things we do but what i'm concerned about the imf and our leadership and economic financial participation. my other question i represent kansas ari misery no duty to -- kansas city missouri not kansas i'm just getting anwr amen for my colleagues. >> i started working for someone who said all politics is local. i get it. >> kansas city used to be the second largest manufacturer of automobiles in the world. behind detroit and kansas city has fallen i think we are fifth now. but in recent times we have been building up again. and when i speak with the automobile manufacturers and the workers, the unions, their biggest concern is currency manipu

of the national interest and this is i think the strategic interest i think you can say that the main interest of every country that they pursue so the term international community will be use in different contexts i give you example for instance you're absolutely right for instance united states think that the international community is in favor of for instance passing a resolution in order to. intervene in syria ok that's that's that's the argument they use and from their perspective they argue that there are three members in the in the security council agree with them two members disagree with them they argue ok most of the arab countries in the region agree with them and from the e.u. iranian perspective or you can say from the other countries perspective they also would use the international community they would say well the international community is against intervening in syria why because there are these countries which disagree there are two members of the security council which disagree with the international committee so i think the issue is really complicated and we have t

i think the woman there, yes. ou at the end and the black outfit. >> my fellow mips combined to say this -- spent i'm sorry. forgive me. i don't wish to be unkind but his offer to let someone else who hasn't spoken. what about the woman at the end with -- yes. yes. >> me? spent yes, you. >> thank you, mr. speaker. i would like to follow on from this point and i think we should vote alongside vote for 16 because i think it's extremely -- [applause] i think it is really important for young people's growth and develop it that they need to understand the parties and the policies as well. it makes such an impact on their lives and it affects all young people all over the uk. thank you. [applause] >> have we got anybody else waiting to speak from northern ireland? yes, okay, we will take you. please. >> thank you, mr. speaker. firstly may i say i believe the numerical success of the extension of the vote choice in the major mark campaign that has been used to suggest a political engagement by young people and some hidden

no, i think, i think the, i think -- these are not the speeches officials make, but but i think in addition to the problem of the saudis of iran, you know, there is a deep religious conflict here. rivalry, i was going to say, but i think conflict maybe nowadays a better word. and there we have, obviously, an american/saudi gap. our problem is with the islamic republic, our problem is not with shia or persians. >> yeah. well, i would say on the syria case, i mean, again, another example in my view of how saudi arabia has a stated goal. they would like to see assad go. it's actually an a-- in alignment with u.s. policy. i happen to believe that u.s. policy actually is not in alignment with that stated goal. i think that's an obvious point. [laughter] if you look at 2013, any serious sort of neutral analyst will say this has been a very good year for the assad rediswreej in term -- regime in terms of its ability to stay in power. a horrible year, a horrific year for the syrian people and even for many people who are part of sort of the -- who were sympathetic to the assad regime, because the c

so i think that adam is right in 99% of the cases. but i really do believe in recent years we've seen some of the 1% manifest itself and specifically i think if the fed had a single mandate, it would have been much harder for the federal reserve to justify it's qe3 program. at that point inflation was very close to 2%. if that was the only objective for the federal reserve, coming in with big guns of $85 billion a month would have been very, very difficult to justify. this was very much about helping the labor market and other leg of the mandate. if the ecb had a dual mandate, i think there would have been additional precious on the ecb to respond to the soft economic performance we've seen there over the last several years. now, i agree with your point. if you think hard about this -- about the mandate that they have, that they haven't been vigorous in trying to achieve it. i think if there had been another leg there, i think there would have been additional institutional pressures on them to stimulate. >> just to be clear, the bank o

i think your questions will be better than mine. 'd like to line up at the microphone, and you can start to take questions. i would really like to hear from people in the audience. >> thank you. could you say something contrasting with the criticism of israel on the one hand and the states where nature of anti-semitism and how those two things overlap, and how they should be distinguished. also, what is your vision going forward, and is it just the status quo in of israel and the west bank? and what kind of situation may be eventually possible? >> this is really incredible and the agronomist that you're talking about was my other one that was torn over this and instead it seems a coincidence here. and also my great uncle worked with this as well. and one thing about the comparison is something in defense of israel for many years, the claim was that zionism was an artificial movement creating an artificial state. in the arab national movement was supposed to be authentic and real and we were like the western construction, and what you

i think that's a great point i think. i think we're raising i think it's again depends on the context that we're using and we have to define it really no order to be able to build up upon our arguments i think i think the international community from the western perspective the finishing of it is really different from let's say from. you can say from the more developing or while noble countries the definition of the international community again what i'm saying that is the from the western perspective i think the international community the mantle you can say of the international community is united nations so this is and if you want to look at the united nations from the prism of the u.n. security council then we have here five powers russia china united states france and germany which. the five members which are actually the the ones that have the veto power with china that they want to have the veto power in order to really enforce some executive powers. but again from the for instance from the perspective or from othe

in field reactors i think. you know there's some sometimes some confusion between the two and i. have have advantages and both of. you know technical challenges and also perhaps some pitfalls as well but i think in both cases for both the story and fuels and the story is the the advantages far outweigh the disadvantages. authorial feel would be one that we would be told to feel that would go in a traditional conventional reactor so the current generation of reactors. a light water reactor for instance or heavy water reactor the kind of reactors that we've had for about the last fifty years by knowledge around the world. in fuel and those types of reactors would. be has a higher melting point so you have higher safety margins has a whole bunch of physical characteristics that make it a little more stable. perhaps more stable because the test is still coming in. but it is it will make it more stable more resilient even when used in current reactors and if it's used in current reactors then you can mix it up with plutonium or other parts of the nuclear waste and use it as a way of g