the goethe institute's field have to be more creative in planning their programs via the institute in columbia has invited the german poet to take part in the international poetry festival here. it is the biggest in the world. 90 pellets from 50 countries are taking part. nobel prize laureates top the list here today, younger artists are in great demand. to present an image of germany that is young, lively, and contemporary. >> of to the end of the 1990's, it was plagued by drugs and violence, but today, it is much calmer, as evidenced by the poetry festival. >> despite the language barriers, his poetry is well- received. >> it is a really special atmosphere. it strengthens my belief that poetry really can achieve a great deal. >> in other parts of the world, the goethe institute has helped foster democracy. when thousands of egyptians took to the streets of cairo earlier this year, the institute there was in the middle of the action. it is located just meters from tahrir square. the institute was founded in each of by opening the lounge, a place open to all for discussions, film scre

and i think there are ways to create democratic institutions in particular accountable institutions which is an important element of democracy without having a u.n. style one nation one vote though i think you could certainly try that approach but if you look at most of the democracies in the world you look at the u.s. or even the way the european union is set up they operate on ways to have democratic accountability under multiple metrics of doing that in the u.s. you have a congress and the senate in europe you have a european council which has multiple metrics of voting so you don't necessarily only have to have one country one vote like you might have at the u.n. you can have other ways of balancing that using. multiple majorities or double majorities as a way to vote for things that i imagine that's one of the first things we've asked for in this new selection process for a new managing director because if you go strictly on the voting rights that are currently in place if the at the i.m.f. europeans have or are heavily overrepresented and will be able to install their candidat

at the international monetary fund many still question the usefulness of this global financial institution is the i.m.f. a political tool of the west or an unfortunate necessity. to cross-talk the role of the i.m.f. today i'm joined by peter chola in london he is a program manager at the bretton woods project also in london we have daniel ben-ami he is a journalist and author and in cambridge we cross to jeffrey frankel he is a professor of capital formation and growth at the harvard kennedy school ok gentlemen this was crosstalk that means you can jump in anytime one and i very much encourage it but first let's look at some of the issues surrounding this global financial institution. in the wake of the scandalous departure of its former head. of the international monetary fund has been faced with the tough task of self-examination as the money lending parthenon seeks to find a new managing director those who are guiding its effectiveness and commitment to internationalism have continued unabated i expect that the next president of the world bank will be an american in the next manager of

we cannot afford to forget that lesson regional lending institutions can provide an alternative to the dominance of organizations like the i.m.f. but such spin offs can hardly wield the same political and economic power in the time of crisis nonetheless the world is changing very quickly and it remains to be seen if the i.m.f. in its current form will be able to keep up with the temple ever globalizing world also charney for across party. ok and i to go to daniel first and he could because you would have a provocative article a few days ago so i'm going to read one of the provocative sentences and i think it's the first sentence the imus's i missed his function more like a medieval court than a modern organization danny what do you mean by that. well when i sat down to write the article i thought i'd look at it from first principles somebody who really believes in democracy how would i look and understand the i.m.f. and there are some ways in which it's very clearly undemocratic and some ways in which it's not so clear so on the clearest side i mean if i the western european heads for

if it has all of those authorities and responsibilities, it is an institute so why not call it an institute? [laughter] congress agreed with us and indeed passed legislation to establish this instant -- this national institute for minority health and health disparities research. we are very pleased with that. it was not too long ago we had our first minority surgeon general who had previously been deputy director of the national institute of child health and human development at nih. the first woman and first hispanic to serve as surgeon general and dr. healy was the first woman to serve as director of nih and established the women's health initiatives at that time and really helped to show that women suffer from heart attacks, strokes and other diseases where they were thought to be somewhat immune from them. dr. keylay did a number of things to address women's health but also minority held. she appointed the first african- american director of one of the institutes at nih. kenneth odin was appointed and our support for the office of research in minority health, she contributed quite a bit

fifth -- wheat institutions generally been been an institution can be weak, corrupt or not. sixth - disaffected youth. hundreds of thousands of young men and women who do not see a prosperous future for themselves, and therfore, are looking for laternatives. finally, poverty and unemployment, frequently going hand-in-hand. they are different issues. the fact that a community and a society that does not offer economic opportunity to its people has to assume that its people are going to try to take care of themselves and their families through some other means. that is the second level of my pyramid. the vulnerabilities that are taken advantage of. the third and final level would be the programs, the activities that the governments themselves, their international partners, the international community at supportgo's can try to that would reduce and eventually eliminate those vulnerabilities. because once you remove those vulnerabilities, the bad guys at the top of your pyramid have no basis upon which to operate. if they do not have a lot of poverty and unemployment which cause

christopher chyba of the seti institute. chyba of the seti institute. (theme song playing.) a living, breathing intelligence that's helping drive the future of business. in here, inventory can be taught to learn. ♪ machines have a voice. ♪ medical history follows you. it's the at&t network -- a network of possibilities... committed to delivering the most advanced mobile broadband experience to help move business... forward. ♪ if. for such a small if i live to a hundred. if social security isn't enough. if my heart gets broken. if she says yes. we believe if should never hold you back. if should be managed with a plan that builds on what you already have. together we can create a personal safety net, a launching pad, for all those brilliant ifs in the middle of life. you can call on our expertise and get guarantees for the if in life. after all, we're metlife. >> dr. christopher chyba, welcome. >> thank you. >> tell us about the seti institute. what is it? >> it is a private nonprofit research organization that is interested in the other gin and distributions of life in the u

fifth, weak institutions generally. corrupt or not an institution can be week.it can be weak if it is poorly educated, poorly trained, poorly paid, poorly motivated. sixth, disaffected youth. hundreds of thousands of young men and women who do not see a prosperous future for themselv themselves, and, therefore, are looking for alternatives. finally, poverty and unemployment, the too frequent go hand in hand, although they are different issues. and the fact that a community and a society that does not offer economic opportunity to its people has to assume that its people are going to try to take care of themselves and their families through some other means. so that is the second level of my. me. the threats, vulnerabilities that they take advantage of, at the third the third and final level, therefore, would be the programs, the activities that the government themselves, that their international partners, that the international community writ large, governments, organizations, ngos can try to support that would reduce and eventually eliminate those vulnerabiliti

most of the financial institutions typically carry above the required minimums. a minimum 300% increase in equity before additional offers are factored into the equation. 300%. a very significant addition. common equity is the highest capital. it is the most expensive for banks to raise. it is important to note that prior to the crisis, several of our largest non-banking institutions were suffering a critical regime. they had to designate non-bank financial institutions as systemically importance. there was more marked increase in capital requirements. we are seeing an uptick in the amount of capital. while capital is an important tool in the supervisory tool kit, it is only one tool. we have achieved important reforms involving capital. i would not advise any further increases in capital requirements beyond the standards. critically important to safety in the sound is balance. how did you achieve the right balance and insure that regulations are serious and meaningful, but not so elaborate that they needed to weigh down the economy. there is no quick fix. i can

the subcommittee of financial institutions and consumer direction. the senate banking committee will come to order. thank you for joining us today and those in the audience and staff. i know that when you schedule a hearing you schedule it ahead of time so you don't always know when there is one that happens after people start leaving town. there is no telling what will happen so i am honored four of you showed up in that staff on both sides showed up and have been helpful in the planning of this hearing. i will do an opening statement and then have each of you do the same. the questions and answers maybe a little more free-flowing than they might at another hearing it i will probably ask you to respond to each other's assertions and statements and observations in all four of you are highly respected in these fields and have thought about of this and reflected a lot about this. it should be an interesting discussion fran hour or so. the recent debate but we just concluded and mercifully concluded, or at least round one is obviously was fixated on the

in the name of god, work for the good of the institution. when i set up legislation to put children first, those who have been abused might take small -- some small comfort in knowing they belong to a nation, to a democracy, whose power and rights and responsibilities are enshrined and enacted always for their dead. with their love as citizens of this country will always supercede canon law and -- in the affairs of this country. this report tells this a tale of a brazen disregard for protecting chongjin. if we do not respond appropriately as a state, we will have to prepare ourselves for more reports like this. i agree with the bishop that the church needs to publish any other and all other reports like this as soon as possible. the commission is positive about the work of the national board for safeguarding children, established by the church to oversee the operation. the commission notes that all church authorities are required to sign a contract with the national board, agreeing to the standards and the toes refusing to sign would be name

anyway, it's a great institution. one of the leading academies some say theational academy, the leading academy and so have a lot of work to do there, influencing government and giving them advice on science andhe applications of science. so that's one job. the stitute you mentioned, uk center for medica research and innovation which i canarely say myself wil have a real snappier name within a few months. >> what would be a snappier name. >> i'm not going to tell you that. i know what it's going to be. i have to keep it under wraps for a moment. >> will you have time to do research in london? >> absolutely. i mean i have managed to juggle and keep my own research, my own scholarly activity goi all my life despite nning institutions. and it will be possible to do that in london too. i've just won a grant to set up my lab there. i will begin that at the end of this year. and i will be spenng time just like i have at rockefeller running my own laboratory. >> rose: so what is the focus of your research and your concentrat

first institution to desegregate. when that happens on paper in 1948, in reality it takes longer than that for all of the military forces to desegregate and the pressure is always on african-americans in the service to make that happen. the pressure is not on whites but on blacks to continue to prove themselves but but white house is at the forefront of this because of the example the tuskegee airmen said. when it desegregates the only national institution that is desegregated is major-league baseball. there are three african-americans playing major-league baseball, jackie robinson, larry dobie and roy campanella. i would argue -- i am a baseball fan but i argue the air force is a little more important national institution than major league baseball. coming out of the war african-americans' forced themselves into this through lobbying campaigns and threatening to march on washington. they forced themselves in and got the opportunity and proved they can do it and they forced the government -- important branches of the

i'm not sure this is a right way to do it in the case of financial institutions. certainly there was a call -- a mention of an analysis of the effects of controls on formal retail economically in san francisco. it is something to look at. i don't want us to become like every place else and have only formula retail. i appreciate independent business and what we have done here, but we have to look the proper balance and we have to look carefully to see if there's a distinction between financial institutions and other formula retail. i don't think there is a competitor we are saving as is the case with most of the other services who are trying to be saved under formula retail controls. it's just one large bank competing with another large bank. i think there is a difference here. thank you. commissioner miguel: not to belabor the point, but maybe that is what we're doing. back when the branch system was started and what i was in the retail business, the branch bank was some place you went to because there was a loan officer sitting there that new the district and pro

the failure of institutions remain high by standards.d consecutive quarters of negative balances, the fund is once again positive. $3.9 billion as of june 30. the balance has risen six quarters in a row for a cumulative increase of $25 from the negative point previously. as of june 30, the fdic total cast -- cash position was $35 billion. we continue to have sufficient liquidity to meet all of our obligations. in summary, we saw further income growth based on improving trends and asset quality. lending activity shows modest improvement. the number of failures continues to diminish. the lender of problem banks fell for the first time in almost five years. the deposit insurance balance returned to the black. these were all positive developments. we also saw a continuation weakness in revenues. we are remindful that earnings growth cannot be sustained indefinitely by reducing loss provisions. recent events have reminded us that the u.s. economy and u.s. banks still face serious challenges ahead. the fdic will remain alert to these challenge

>> well, the institution is always changing. that's true. we are in the middle of a definable long-term shift away from the authority of the institution. the most fundamental sign of this, i think, in terms of social meaning is that several generations ago a majority of americans said that if you're having trouble in your marriage, you should stay together for the sake of the children. and now a majority of americans say that you should not do that. that's a bad idea. a related issue is the really breaking of the link between marriage and child bearing. it used to be that you would never, you know,... having a child outside of marriage was frowned on by society. you really wanted to avoid that. now it's perfectly acceptable among many americans. so this shift away from the institutional authority of marriage is, i think, the profoundest consequences have to do with the living arrangements of children but it has also to do with a new way we're thinking about what it means to be married. >> suarez: professor may, a lot of the new data has to d

it's one of these -- the institution wins and tails the taxpayer loses. define systemic risk is an unfavorably structured claim provides a metric for tracking systemic risk over time. that's the advantage of it. requiring authorities to calculate and disclose fluctuations in the aggregate value would make regulatory authorities more accountable for the quality of their performance. most existing measurement strategies incorporate the binear perspective of a study using this approach that regulators could attract the growing correlation of risk exposure as an early warning system for the current crisis. expanding the format for collecting information of institutions to include estimates of the potential variblity of the returns over different horizeons and to improve the precision -- horizons and to improve the precision and accountability for regulatory and supervisory performance. accounting standards for recognizing emerging losses makes evidence of an institution's insolvency under current rules dangerously flow to surface. safety net management requir

fifth, weak institutions generally. corrupt or not, an institution can be week., poorly educated, poorly trained, poorly paid and poorly motivated. sixth, disaffected youth, hundreds of thousands of young men and women who do not see a prosperous future for themselvee looking for alternatives. finally, poverty and unemployment, and the two frequently go hand-in-hand although they are obviously different issues, and the fact that a community and a society that does not offer economic opportunity to its people has to assume that its people are going to try to take care of themselves and their families through some other means. so that is the second level of my pyramid. thus rests the vulnerabilities that they take advantage of and the third and final level therefore would be the program's, the activities that the governments themselves, that their international partners, they have the international community writ large, governments, organizations, ngos, can try to support that would reduce and eventually eliminate those vulnerabilities. once you remove those vulner

philadelphia we've got a special presentation on seasteading from you guessed it the seasteading institute complete with do it yourself government we've got a little bit of rain mcgovern's i recounted the story from gaza and the it's all there and it's well i guess they almost wasn't part of flotilla to gaza as much as a flotilla almost to gaza and it's like you're almost watching sweet freedom in the making every time you're watching adam vs the man. maybe i spoke too soon when i said london wasn't really burning yesterday it turns out when it is burning and not just a couple buildings the rights of now exploded with the daily mail now officially calling them and up rising prime minister david cameron canceled his taxpayer funded vacation to recall parliament so they can quell the riots and save yesterday but the writers will feel the full force of the law well at least they're openly admitting that the law and government is this force no then again you won't hear an endorsement from me for a bunch of angry socialists destroying private property the british state is also putting sixteen t

the first filing of an imp for this institution. they're based in oakland. san francisco is one of four campuses that they have. they offer bachelor's degrees, and receiving degrees leading to a registered nurse license. this was triggered because they are relocating their campus from the current location at st. lukes hospital to 555 san jose to the subject location at 135 main street. this is abbreviated because they're less than 100,000 square feet within the c-3 zoning district. there at 7229 square feet. there will be expanding to 13,000 square feet at the new location, which is currently vacant, and the expansion will allow for expanded skills labs. the had 96 students currently at the san francisco campus, which is not expected to increase that the new location. they have nine full-time faculty and four other staff on site. they do not provide housing. most students come from the bay area, some housing has not been necessary. clearly, the location is in a transit-bridge cordray with close access to transit lines. that is a summary of the imp. this is j

it was an institution placed in a privileged place. even after the revelations, there are people within the church, even after all the revelations that were people still within the church who still didn't get it. the protection -- protection of the church is still alive and there are many still in denial. i'm not religious myself however i watched the way archbishop derrick martin has been sidelines on the issue. he was one of the few people who have given me any real confidence that protection of children is an absolute and must be no ifs, and, buts or maybes. that's the approach he's been taking. his obviously ail generalation sends out the most appalling message, that those who are questioning his approach are more likely to take the approach of monsignor o'callaghan who said why should we take it on ourselves to report when the complainant doesn't want that to be done and he failed -- i don't know how he could have failed to understand that the requirement was there to protect other children. he seems to have been completely truste

as national institutions.ought to be they become significant and have a subsidiary, the united states. banks will want to operate and they can set the regulations that protect the american economy. that is our first responsibility, protecting the american economy, protecting our jobs and protecting the ability of issue about, first i'm not really if it were the case, this is a -- in terms of many jobs are or latin america? relatively few. this is not an major industry for the in my view the united states and protecting the profits to go into american banking burns but this is a our economy it in the other extreme, the worst banking regulator in the world. we don't want iceland and terms of american banking regulation so yes the banks are always going to say there has been bought is going to have low regulation and what we need to do was to be focusing on what is good for if i might say so i couldn't agree with you more but there were three things. number one we don't need to fight the old war. the have much hi

so why not call it an institute? [laughter] so congress agreed with us and indeed passed legislation to establish this national institute for minority health and health disparities research. so we're very pleased with that. also, it was not too long and that we had our first minority surgeon general, who had previously been the director of the national institute of child health and human development at nih. so the first woman and first hispanic to serve as the surgeon general. and dr. bernadine healy was the first woman to serve as director of nih and establish to the women's health initiative at that time and really helped to show that women suffered from heart attack, stroke, and other diseases were there were thought to be somewhat immune from them. so dr. healy did a number of things to address women's health, but also minority health. she appointed the first african- american director at one of the institutes of nih. dr. kenneth though disappointed the national director of the institute of environmental health s

they are not exactly healthy institutions. both had to be bailed out in a financial crisis, and together, they invested about 9 billion euros in greek government bonds. here is how the proposed swap works. the banks accept a 20% write- down in the value of their holdings here and in return, they would need new, more secure bonds with longer maturities. in all, greece wants to swap or extend 135 billion euros worth of bonds. other german firms are said to have confirmed they will take part. greece wants to hear from all of its creditors by mid-september. it says it needs 90 percent of them to take part. analysts say if the scheme fails, the whole bailout package could unravel. m in some good news monday, shares on the athens stock exchange skyrocketed, rising by 14% after two of the country's largest lenders announced a friendly merger deal. shares in the banks themselves rose by 30%. the 7 billion euros tie up would create the country's largest bank and at the same time create an institution more capable of dealing with the pr

it's not about whether it's a financial institution, coffeehouse or clothing store. we created a definition of formula retail but did not go in and change these categories. we had to lump them together, which was clumsy at best, which is why you're getting this technocratic debate over whether the financial institution is an aura out. we would have been writing the entire code so it would have had to take that subcategory how. the issue here is really about what level of scrutiny and community voice and commissioner involvement should there be when formula retailers moved into san francisco neighborhoods. [tone] thank you. >> i am active with the transportation planning committee and i work with the hayes valley merchants and the business community meetings. obviously with everything that has been said today, i don't have terribly much to add in terms of voicing strong support for including banks as chain stores as the legislation as currently written. my opinion is planning has misinterpreted something and we look forward to you addressing that. we have worked very

the meal is visually stunning and will be served at the institute's wine spectator greystone restaurant. >> it takes a tremendous amount of energy and strength, not just physical strength but also emotional strength, to maintain the kind of hours and lifestyle of a chef, and i often wondered to myself as i was getting older was, like, "well, what am i going to do? what am i going too?" and i was very fortunate to be able to come here to the cia and teach. i've been here for 11 years. i've had my time inhe sun, as it were, and now it's time for me to help other people get there. >> it's a meal that's cooked, grown, and harvested by students practicing sustainable culinary methods. in napa valley, charlotte fadipe for "california country tv." >> thanks, charlotte. the cia is a great place to visit, and one more reason to visit it-- th just opened a flavor bar, where you can taste different flavors and ingredients just like a chef does. kind of cool, huh? well, coming up next, we're visiting a farm that has withstood the test of time and is stronger than ever. that's next. >> welcome back

an institute? congress agreed and pass legislation to establish the national institute for minority health and health disparities research. we are pleased with that. it was not too long ago that we had our first minority surgeon general, dr. antonia novello, prius deputy director of the institute of child health at nih. the first woman and first hispanic to serve as the surgeon general. and as dr. ruffin noted, dr. bernadine healy established the woman's health limit -- initiative at that time and really helped to show that women suffer from heart attack, stroke, and other diseases where they were thought to be somewhat immune from them. dr. healy did a number things -- number of things to address women's health and minority health. she pointed -- appointed [unintelligible] that and her support, she contributed to it -- quite a bit. we will -- i have commented on the sullivan commission report. what we noted in september 2004 when we issued this report which was supported by the kellogg foundation