my advice to you guys, kaman is in fifth grade, it is too late. [laughter] find an eight year-old and describe your whole investment strategy to them. and if they don't understand it, be scared. thank you very much i have really enjoyed this presentation and we're now going to take questions for brian sorry to make this so formal but if you could either come up to the microphone or they can bring the microphone to you. so please ask a question. the last time i gave this there was an hour and half worth of questions. >> if you put this eighth part of your portfolio and a bond index fund to you expose a great portion to the foibles of the bond market as the housing bubble and the subprime mortgages and take a beating in the total bond fund? >> great question. the total bond market fund is roughly 74% u.s. government-backed securities. therefore it has a zero default risk because the government is the one entity that has a license to print dollars. it can do it legally. [laughter] just a rumor per car was not printing dollars it is just a vicious rum

. >> next kaman remarks from the ceo of the red cross.zation faces during the current economic recession. from the national press club, this is an hour. >> i was hoping to join a common -- a little over a year ago when i joined the red cross, i was hoping to join an organization that would present a challenge. and let me tell you, i have been challenged. [laughter] 8 hurricanes and tropical storms right after i joined. a record tornado season, the worst wildfires in california's history, the worst flooding in the midwest in 15 years. we also had an operating deficit of two under $9 million and a mandate from the board of governors that we would have eliminated in just two years. last but not least, i join the red cross to travel before our country went into a major recession, which is causing more and more people to seek help for nonprofits at a time when it is more and more difficult to raise funds. please do not get me wrong, i am not complaining. [laughter] olli i have the best job in the world and i am humbled by it. i pinch myself ev

. >> yes kaman 2 not import -- yes, to not import car before any of a product. >> can you estimate theconomic impact that would have, such as the poem on american beef producers. are we talking millions or billions of dollars? >> i would not want to enter into that area. it is not my area of expertise. i mean, just because the size of the international marketplace is so large, it could be important. i think and writing is on the wall. i think that american meat industry is a lot like the auto industry. they just cannot see that it is in their own advantage to start doing what needs to be done. >> you feel like there are other countries that are moving toward limiting antibiotic use so they can legally enact trade barriers against the united states? >> no, i would say that based on the dangerous experience, the country is restricting antibiotic use in order to protect the health of its own citizens, but i think that's smart producers -- and denmark, i believe, is the world's largest exporter of pork. this is no small industry there. but they understand that there will be trade advantage

. >> yes kaman 2 not import -- yes, to not import car before any of a product. >> can you estimate theconomic impact that would have, such as the poem on american beef producers. are we talking millions or billions of dollars? >> i would not want to enter into that area. it is not my area of expertise. i mean, just because the size of the international marketplace is so large, it could be important. i think and writing is on the wall. i think that american meat industry is a lot like the auto industry. they just cannot see that it is in their own advantage to start doing what needs to be done. >> you feel like there are other countries that are moving toward limiting antibiotic use so they can legally enact trade barriers against the united states? >> no, i would say that based on the dangerous experience, the country is restricting antibiotic use in order to protect the health of its own citizens, but i think that's smart producers -- and denmark, i believe, is the world's largest exporter of pork. this is no small industry there. but they understand that there will be trade advantage

these amazing things thanks to the sophisticated prosthesis created by famed segue inventor, dean kamanted when darpa wanted something new for troops who lost an arm on the battlefield. >> the first time we met with darpa, they described we want an arm to do this and this. we told him, you're nuts. >> but he delivered. >> until we started this project, most people would have said this is the state of the art -- basically a plastic tube with a hook on the end of it. our goal was to replace that technology with something as a full hand with an opposed thumb and all the fingers. >> the arm is still in development. the most recent design weighs about the same as a human arm and can lift up to 20 pounds. the wrist and fingers are controlled by electronic monitors worn on the user's shoulder and sensors inside the shoes. kamen thinks he's a few years away from delivering the device to veterans and other amputees and his most valuable volunteer, chuck. >> okay, you can let go now. >> gary tuchman, cnn. (voice 2) how bad is it? (voice 1) traffic's off the chart... (voice 2) they're pinging more

we each had our own offices, but everyone who has court-ordered knows this phrase kaman "guys, book your." oke your heads in." i think the relationship that she had with her secretary, who happens to be one of her oldest and closest friends, really set the tone. we're a family in here and we do things together and we work together professionally. and we do things together socially. >> the same secretary still in 2008? same secretary -- >> singh secretary. >> who is that? >> therese of martin. -- teresa barton. >> what was your reaction when president obama nominated her? >> i was extremely excited. it was kind of an unbelievable experience of that day. i think all the clerks were just at the same time excited, but proud of the judge. she was so impressive that her speech at the white house and i think that we were all on top of the world. >> have any of you talked to her since the nomination? >> i have not talked to her directly since the nomination. she has been crazy busy. i think we have all the sort of felt like imposing on her time at this point would be rough. i spoke to were very

secours kaman thank you for being with us from the uk.for your efforts to be your from canada. and thanks for your efforts in small business and entrepreneurship. we have worked hard to come up with alternatives that we think would make the system work better. dr. secours said repeatedly era -- a phrase that we have been using. i do not know if i have as concise as he did when he consistently said competition and choice drive value. we want more of market factors in the system, more choices, more opportunities for you to choose your doctor, more opportunities for you and your doctor to choose your health care determinations. we think we're going to have a system where people have many more choices than they have now. karen kerrigan talked about that. small-business owners have been working for years to open of the system where you have all the choices you have now, but also a choices beyond that. and inside the system itself, things like medical liability, health care reform, more medical transparency kamal saving money there as well. we

that is my dream, helen, kaman. -- começ on. [laughter] i missed you guys.i think the president believes that we're making progress, that is what is important. and we're going to continue to work toward that, understanding again, we know we have a long way to go and we're going to keep working. >> some democrats on the helsinki is just not involved enough. >> yeah, given the amount of time -- some democrats up on the hill think he is just not involved enough. >> given the amount of time that he has spent on this, the president has outlined some strong reforms he wants to see and we will continue to work. there is a tendency to always focus on the negative. there was a great headline over the weekend and basically, that synopsis' was, despite good news, health care lags. i'm glad that some people who do that are not weathermen. i think if you look at the players that are involved, the people that are sitting around the negotiating table, they are all still there. you have not seen sights devolved into the traditional debates that we have seen over the past 40