brent glass and john rogers. thank you for making these museums such wonderful places for people of all ages to learn and to explore. and i have to also do my part in recognizing our very special guests, the students and the teachers from huntington high school who made the trip all the way from new york to be here. you all please stand so we can see you. [applause] now, there's a special reason i invited these students here. they sent me this book of beautifully designed inaugural gowns of their own creations and i had so much fun looking through the designs. you all are a very talented and beautiful and handsome group of people. and i'm so pleased to be able to share this special day with you. you make us proud. and thank you for the gift. and finally, i also want to thank all the board members, the staff, the supporters of these museums, all of you for the work you do every day and for being here and sharing this moment with me as well. so here we are. it's the dress. and turf say, to be honest, i am very hono

john rogers chairman and ceo of ariel investments believes the next step for the urban league is to encourage minority hiring in the growing financial services sector. to maybe encourage hedge funds to reach out and be more diverse and some of the private equity funds to be more diverse. also spotted in the crowd-- dr. randal pinkett -- season 4 winner of nbc's hit tv show the apprentice. " and, i'm here to tell everyone that, i don't care what you do or what your walk of life, you have got to act like an entreprenuer" to be a survivor in this economy-- the author and business owner's advice is to work more than one job... - that may not be your day job things you can do on the side and if you lose your job that can be your primary activity. still, the president of the urban league says it all goes back to getting a good education. he predicts without creative ways to better fund schools, in a couple of years some schools will no longer be able to afford text books, while affluent schools could one day be moving forward by giving students i-pads to down load books. as hearings at the financia

attending mcdonald's annual shareholder meeting, making this all possible is john rogers, chairman and investments after which the school is naped. named. ariel along with a partner put up thes 20ds,000 for each grade. 's in 1991 ariel started work wig this public school on the south side of chicago, because it was one of the most underserved in the city. 98% of the student body is african-american. 78% are considered low income. nowadays, test scores are on the rise. outperforming the distribute and the state average with the help of teachers like connie moran. >> good morning. >> reporter: named teacher of the year by the national foundation for teaching entrepreneurship in 2007. >> ever since i lived to ms. moran in class i heard her say invest in your money. investing your money and now i'm going to listen to her. >> these kids are awesome. students can opt to get their profit in cash on graduation day, ali or put it in a 529 college savings plan. in which case ariel kicks in an additional $1,000 reward. >> that in itself is a lesson. don't take the cash, think about the future. pu

john harper with npri. my question is for mr. rogers. if anyone else has comments i would appreciate it. barring major government subsidies or carbon regulations, do you envision a time frame for the development of commercially viable smart grids on a state or national level? >> my judgment is that modernizing our grid -- we build our great with analog because that was the technology that was available. we produced electricity delivered 99.9% of the time. we moved to digital technology. that will enable the plug-in hybrid. that will enable our ability to manage solar on the roof top. we are prepared to make those investments, and we will make those investments. but what you find, what we are finding is that we started out looking at 900 different companies in the funnel. we dug into 250. and we tested the products of 100. we are piloting five. there are a jillion great ideas out there, but trying to get them narrowed down to the ones that really works is a challeng. the real challenge is the immigration in egration in the . no one, each company has its own deal. there is no company in th

and author of "the greatest trade ever," a book about hedge fund manager john paulson and his bet against the housing boom. roger lowenstein, that line from senator learn early on that we heard about the conduct of all wall street being in question, how much of this was about goldman, how much about a larger picture? what did you hear going on today? >> jim, i really think that leaven hit the nail on the head. it is a question about all of wall street. it's not whether goldman defrauded its customers so much. the courts will decide that. it's not even goldman's reputation which presumably in time will recover, but goldman, like other firms, structured tens of billions of securities that added absolutely nothing to the economy. they contributed nothing to real estate. them didn't put a single american in their homes... in new homes. they just allowed people to take bets. when the mortgage bubble collapsed, they greatly aggravated the losses and the damage done. these firms are running what were in fact casinos. they were off-track betting parlors for the american mortgage industry. the question for congress is, w

roger, let me ask you a question. this comes from mike pence. a lot of people have said that. peter wallace has said this. former treasury secretary john taylor said this. why not bypass all the discretionary aspects, including the $50 billion fund, which was not in the original obama package, why not go straight, roger, to bankruptcy court? i guess that's always been my first choice. let's do it the way they do it for all the other companies. wouldn't that really, really solve this particular piece of the meltdown problem? >> it worked great when lehman failed. there were no problems. mike pence wants to go back to when republicans ran the show. the last time they ran the show was september 29th. they voted down the t.a.r.p., and the market fell 750 points. it's not that simple with a financial firm. when financial firms go bust, it's not that pleasant. that's really why we're all here. let me get to fannie and freddie, if i can. >> stick with this other poin this is a very important point you're making. i hear you. >> we saw what happened. it's so pleasant. this is industry money they're talking about. >> let me ask nicole. what's yo

john harper with npri. my question is for mr. rogers. if anyone else has comments i would appreciate it. barring major government subsidies or carbon regulations, do you envision a time frame for the development of commercially viable smart grids on a state or national level? >> my judgment is that modernizing our grid -- we build our great with analog because that was the technology that was available. we produced electricity delivered 99.9% of the time. we moved to digital technology. that will enable the plug-in hybrid. that will enable our ability to manage solar on the roof top. we are prepared to make those investments, and we will make those investments. but what you find, what we are finding is that we started out looking at 900 different companies in the funnel. we dug into 250. and we tested the products of 100. we are piloting five. there are a jillion great ideas out there, but trying to get them narrowed down to the ones that really works is a challeng. the real challenge is the immigration in egration in the . no one, each company has its own deal. there is no company in th

roger, your record of prediction here is not a good one. i am glad your columnist. i think he would beat john paulson in reverse if you were a hedge fund. this gets to the most basic differences between us. the difference is this. at the strategic and ideological level, i take the irradiance that there were. -- at their word. it seems that you don't. when ahmadinejad says wipe isreal off the map, that is not in this translation. i think he means it. and when he denies the holocaust, i think he believes it. i think in the course of this debate, roger will accuse me of a certain kind of emotionalism. he spoke earlier about the debilitating psychosis, but holocaust denial is something that should scare every single one of us. it is a crime, and we are treated as such. he repeated so often. the regime sends into the streets, death to america or israel. i think they need it, too. you can't engage your regime and whose central ideological pillar is to hate america and hate israel, hate everything the west stands for. it is to hate rationality as it is developed in the west. you seem to think that a

john mccain. six months later, that soldier's career is on hold because of one senator. i want to say this. i think it was will rogers to say, "it's not what he says that bothers me. it's what he says he knows for sure that just ain't so." i've just heard the most unbelievable amount of fiction on this floor. and let me describe some of it. my colleague has just gone through a tortured lesson in the most unbelievable interpretation of the authority and the law with respect to the corps of engineers. i said when i started today that we have put $14 billion into new orleans and louisiana. i've been proud to be a part of that, as chairman of the subcommittee on appropriations that actually funds these issues. $14 billion. but i would say to my colleague, my colleague is fast wearing out his welcome with me and i expect the corps of engineers with this kind of behavior. i don't normally do this personally, but i tell you what, when a soldier serves his country and then my colleague says to that soldier, i'm not going to allow you to be promoted until the corps of engineers does what i demand when in fact the corps of eng

john harper with npri. my question is for mr. rogers. if anyone else has comments i if anyone else has comments i would aph@ @ @ @ @ @ @ @ @ @ ) that will enable the plug-in hybrid. that will enable our ability to manage solar on the roof top. we are prepared to make those investments, and we will make those investments. but what you find, what we are finding is that we started out looking at 900 different companies in the funnel. we dug into 250. and we tested the products of 100. we are piloting five. there are a jillion great ideas out there, but trying to get them narrowed down to the ones that really works is a challeng. the real challenge is the immigration in egration in the . no one, each company has its own deal. there is no company in the historic suppliers like ge or siemens or abb this isn't where they make the big part of their money. so in a sense we are creating a capability of integrating the technologies and actually building the road map of how you upgrade your distribution and you create the apps beyond the meter and y