thousand and fourteen date at the fed has given if things improve a lot a lot of the stuff i heard jerald wasn't to be encouraging jeremy stein is a harvard economic professor speaking of professors that just a fad has shown a lot of bull ability to adapt and evolve in terms of the tools it is use to conduct its monetary and lender of last resort policies yeah carol no kidding it really have an advantage despite no change in its mandate when you hear these guys is. this is more of the same yeah and that was a long statement to say we're going to print a lot of digital one hundred years this is we had flooded into the system with near zero interest rates and again this is it's one big ponzi scheme look what's going over there over there in europe with the european central bank and you want to talk about great collateral warren what are they doing you know one point something trillion euros that banks could borrow at one percent interest rates just throwing junk on that they have no collateral they have no money and what are they doing well you know pay it back to us in three years just kee

into the system and when you're talking about consumers spending it on things they don't need maybe jerald that because they are frayed afraid to take any risk with their savings look at everything and conducted this study and found that not only are two thirds of working age adults believing that the u.s. economic model no longer works for the majority of americans but what is more striking to me is that now fifty one percent of americans they polled are not willing to take. with savings that's up carol term june of two thousand and nine where it was forty percent so is this a direct byproduct of you know a vicious cycle where people are afraid to take any risk because of maybe what they've seen in the financial system but yet they can't make any money because they're basically repressed by the zero percent interest rate so they're buying but screen t.v. the best buy or whatever part of it you know that yes that is definitely a part of it and let's look what's happening to the older people the retirees they're not getting any return on their body because of these viciously low interest ra

connection with the death of a man stabbed in a nightclub in the early hours of christmas day. 31 jerald john lee barrett died from a stab wound in his back while he was at a party in the club. nateage foerster, 22 and from manchester, has been charged with murder. seven other men faced charges with violent disorder. they're due to appear before magistrates later today. the man accused of killing 16 civilian sbsing transferred to a military base in the united states. the international envoy to syria, kofi annan, warned the situation could have a serious impact on the whole region if it's not handled properly. and into that campaign in morocco called for protest against the country's rape law to allow the rapist to marry the victim as a way of avoiding prosecution. activists stepped up their campaign following the suicide of a 16-year-old girl in northern morocco last saturday. she was forced by a judge to marry the man who raped her. translator: a mother weeps at the gravesite of her teenage daughter. amenia took her own life a week ago. she was raped when she was just 15 years old. in c

. >> reporter: but when pam jeralds cleaned off the dog tag, she realized she knew the real owner, billof her family. bill and his wife, dorothy, were surprised to get her call. >> yes. i was the one that talked to pam. and she was telling me she had this they had found. said william c. bleyer. said that's bill. >> reporter: dorothy's parents owned a house that bordered the drainage ditch, and the high school sweethearts lived there for a short time after their marriage in 1946. the last time they saw the dog tag or the friendship ring bill gave dorothy when they started dating was when bill returned from the south pacific 66 years ago. >> it looks as if there's some engraving inside, but we couldn't read it. i'm not sure what that was. >> probably says "i love you." >> probably does. >> reporter: and while gauge and maddox didn't get to keep their treasure, the bleyers did bring them some ice cream as a thank you, which seemed to be a pretty good consolation prize. >> awesome. >> awesome. >> well, i think that's great, and i'm sure glad they found it. >> that is -- 60 years later a hal

the party line has also been sounded by jerald fritz, senior vice president of allbritton communications. he told the fcc that making the information available on the internet "would ultimately lead to a soviet-style standardization of the way advertising should be sold as determined by the government." friends, i could not make that up. the industry leaves nothing to chance. through its control of the house of representatives, it got a piece of legislation passed this week euphemistically titled the fcc process reform act. reform, my foot! not only does the bill remove roadblock to more media mergers, further reducing competition, it would subject every new rule and every fcc analysis of that rule to years of paper work and judicial review, enabling the industry's horde of lawyers and lobbyists, "to throw sand in the works at every opportunity" as one expert puts it. there was a noble attempt to include in this bill an amendment that, like the fcc proposal, called for stations to post online who is putting up the big bucks for political ads. shocker, it was rejected. score another one f

can't win, but in the past when you think back to race where is similar things happened like between jeraldange, or nelson rockefeller, and barry goldwater, we ended up with a disunited party, a debilitated nominee. i think it is going to be a challenge to get the republican nominee to overcome that. it is very hard to beat the incumbent president, especially one if the economy is improving even in a measurable way, a small way, it is going to be hard, i'm not saying it is going to be impossible but it is going to be hard. barack obama was in a bad place politically six months ago when his approval rating was 39%. over the last six months, he has improved tick by tick in terms of his approval rating. the economy seems to be getting a little bit better. there are a lott things that could happen like a spike in gas prices or a scene in iran. many things can happen. very unpredictable. right now obama is in a stronger position than he has been in a year and the republicans are in a weaker position than they have been in a year. they expect us -- this to be a really, really close election. it i