tonight a conversation with joseph stiglitz. howlatest details agreements between nations including the partnership with japan's prime minister are actually undermining workers rights and their livelihoods. holder is known the vampire in diaries, but he is currently part of a new series for showtime, which explores the human impact of climate change. we are glad you joined us. ♪ >> and by contributions to your pbs station from viewers like you. thank you. tavis: on president obama's agenda is the 12 country free trade agreement spearheaded by the united states. isfessor joseph stiglitz warning these are exacerbating global inequality. in his most recent article he talks about this recent issue and joins us from new york city. good to have you on this program. right in.p this is on the president's agenda, this transpacific partnership. what's your take on it? formulated,s it is i am skeptical. one of the problems is that the administration has not been very transparent. withshared the language business executives and foreign gove

join me next time with a conversation with joseph stiglitz and after that, ian somerhalder. ♪ ♪ >> andns to your pbs station from viewers like you. thank you. ♪ >> be more. pbs. >>> hello. welcome to this is us. i'm rebecca king read. we're on the campus for guide dogs for the blind. these little guys are full of fun. one day they'll learn to be guide dogs and make a big difference in someone's life. today you'll see they're trained, how they impact lives and how this great organization got started. we'll also profile two extraordinary local women, noted doctor sylvia earl, the former chief scientist for noa spent so much time on the ocean floor, and amy chow, a gymnast and member of the magnificent 7, the first american team to win an olympic

join me next time for a conversation with the economist joseph stiglitz and rufus wainwright.at is next time. we will see you then. ♪ >> and by contributions to your pbs station from viewers like you. thank you. >> be more. pbs. . >>> next on kqed newsroom more bridge e?les.q corrosion revealed in the criticalÑie1q part of the easte span.r a downturn in techfá stocksw3w3s alarm. >>> science of bringing back distinct iy;[ñspecies. >> to goçó backe1 to that origi mistake or crime and try to do it, therermight bexd redemptionn that.ñr

or with more recent evidence of its limits, which nobel economist joseph stiglitz has pointed out. >> thirty years ago, we weren't talking about climate change. environmental degradation was not as important as it is today. >> reporter: in 2009 stiglitz chaired an international panel tasked with finding better measures of progress that included the environment and inequality. >> g.d.p. has been going up per capita, but most americans are actually worse off, so median household income is actually falling. >> reporter: like them or not, better prosperity gauges are hardly a novel innovation. since the 1970s, for example, in the himalayas, the buddhist kingdom of bhutan, with g.d.p. per person less than the congo, has used gross national happiness. it's g.n.h. score turns out to be as elevated as its location. and down here at sea level, there's the g.p.i. >> it simply takes into account not only our economy, but the health of our environment, the health of our society. >> reporter: dave goshorn works for maryland, the first us state to adopt a metric called the genuine progress indicato

and we heard from three very, very strong witnesses, including nobel laureate joseph stiglitz. we talked about important topics central to understanding the long-held american dream -- work hard, play by the rules, you should be able to support your family, provide an opportunity for your kids and have a fair retirement. but for too many, mr. president, as you know, opportunity and mobility especially are hard to find and income inequality is growing. i'm an optimist. i know the solutions are here if we work to find them and i want to take a couple of minutes to talk about some of the solutions. but first let's try to put a human face on the problem of inequality in our country. income inequality in the united states is at a record level. it is higher in the united states than virtually any other developed country. president obama has called income inequality the central challenge of our times, and, mr. president, you and i share a roman catholic background. last week the president was in the vatican talking with pope frances and they both were sharing that this is not just an

important over the weekend, francine, here is your reading for the long weekend, and that would be joseph stiglitz'sper on high frequency trading. it is the talk of economics this morning. this is the paper from the federal reserve bank of atlanta where stiglitz goes back to what he won the nobel prize on. >> yeah, there you go. the eastern weekend reading book by tom keene. >> when does baby george come back from new zealand? >> he will have an aussie accents. that can take years. i think it is in 10 days. i'm not a royal watcher, tom. >> i'm the official bloomberg royal watcher. absolutely. >> there you go. we'll get you a little hat. tom keene there with "surveillance" in 20 minutes from now. let's take a look at how european markets are trading. manus cranny has more. >> if you were trading markets and you were looking at the weekend ahead, how much risk, if you had the opportunity to take risk off the equity table, off the currency table, would you? probably. that is what is going on. equity markets in europe are up by 1/3 of 1%. janet yellen made her position very, very clear. that is there is

you are doing, you are doing be famous easter egg hunt, 45 acres and 2000 head, i am paperg joseph stiglitz's-frequency trading cover to cover. so is paul krugman. lor tiglitz, the aureate is writing about it, and he says we have got to do something about it, and that really gets the attention of people thinking about what to do with regulation. >> but they are so skeptical of wall street. the flipside is that it has an better for consumers? >> yes. it is nice to say that the laureate krugman and the laureate stiglitz are skeptical of the land of finance in the land of jamie dimon. arthur levitt takes a more balance you, do not throw the baby out with the bathwater. there is benefit to hft. the framework is don't touch it, it will fix itself. that is a quiet that right now. >> fix itself how? >> you would arbitrate some profits. if there is a profit of e had an high-frequency trading, everybody will dive into it, and when they dive into it, that delta, that profit goes away, and some will say that have occurred in the last number of years. >> is it surprising, tom, that it took a book to real

this, i willding be reading stiglitz joseph stiglitz on high-frequency trading. >> at general motors may have found a way to save billions of dollars in damages over that ignition switch. judge could say he was not liable before the company reorganized in 2009. gm has asked that ignition switch lawsuits be put on hold until the judge rules. the marissa mayer staking more steps to revamp yahoo! bringing david philo back, charles schwab and former walmart ceo is coming back. pay cut.k a 32% meanwhile, disney is offering to raise starting pay by 25% for its workers at florida's theme park. it would raise the minimum wage to $10 an hour. u.n. officials say they are -- union official said are pleased with the deal. if your job is to dress up like mickey mouse or snow white, you are a cash member. >> i did videos of the float going by in anaheim. they wave like you. oden you see me in the fo court. snow white was aggressive. >> have you noticed the queen, though? the queen is so gentle. >> it is what they do. to go to disney world, you have to mortgage a third tiled to get in. it is magica

michael hudson who's a regular here joseph stiglitz ok i'm also on the phone you're in the yeah but i mean i mean people are saying max keiser makes just take us look like an intellectual pygmy i think the world is saying the world's so ross ashcraft who want to force me what all the replaces financial system escalating organized violence poverty or famine for the bottom billion depletion of the earth's natural resources we're making the food when we started by making a documentary and we realized about half way through we were making a horror film but but it has a happy ending because there's a way of changing the behavior that we have at the moment financial social moral environment what i mean by hanging well back in the day you don't how you didn't have the knowledge of the wherewithal to hinge this behavior these structurally determine bits of behavior which is the neo liberal system so what we have just a bunch of rent seekers and we're very good europeans are brilliant rent seeking what we have today is a hangover of colonial economics and what's happened is the rent seekers of