l. crisis let's grab a thousand of these son of a bitches and put them in jail and maybe that will send a warning that will last thirty years because that's what happened after the s. and l. crisis it took a full generation to pass through banking and forget that people go to jail for stealing yeah i know it's a crazy concept that's what's supposed to happen it's a deterrent effect that will last the decade or two and that's what we should be doing now. at the mid-level guy in class and then hey maybe we get someone to rat out their boss and we see how far this does go to the top and get them part of it barry ritholtz their. start up with loose change i have dimitri here to talk about how the recession is affecting a population me you may not think about much but clowns in fact there's so much competition in the industry that some are even fighting over gigs for kid's birthday parties look at this. i but. two more things getting that we found a great story about how they're having a clown camp to help camps recover clowns reinvigorate their careers because parents don't want just jokes

l. crisis a lot of bankers went to jail the bankers have been allowed to run riot and there's no jail time for them and now people are wondering why how do we stop this and they figure well jail is one possibility but this phrase should there be capital punishment for crimes against capital that's a. phrase that i coined a couple years ago so i'm glad to see that others are picking up on that but this is a real problem and this is a real solution in my opinion well they actually say it's a it's been a solution for thousands of years they start with the code of hammurabi more than three thousand seven hundred years ago stipulated that any mesopotamia him who violated the terms of a financial contract including the futures contracts that were commonly used in commodities trading in babylon shall be put to death as a thief now compare that to the commodities traders at m.f. global who sees the hundreds of millions of dollars of funds of these of these small farmers across america and where's john course on where a strong core design. needed to turn to mean something that will give people a th

l. crisis that happened just a few years ago with the housing bubble bursting not only that the billionairesave even denied us and themselves happiness as a twenty ten study by the proceedings of the national academy of sciences found emotional well being rises with income but there is no further progress beyond an annual income of seventy five thousand dollars low income exacerbates the emotional pain associated with such misfortunes as divorce ill health and being alone we conclude that high income buys life satisfaction but not happiness in other words once your basic essential service which could be achieved with seventy five thousand dollars a year or even just a basic middle income any extra money doesn't make you any happier but above all else are subservience to the billionaires has given us a perverse form of capitalism corporate capitalism which subjugates all the needs of our society the clean air food water security healthcare education retirement and energy to the demands of quarterly profits to the demands of a few billionaires who sit in corporate boardrooms and figure out wha

i think it is a pretty hard call, but i would also like to know that during the s&l crisis over a thousand people went to jail. >> sometimes what happens in life is that there is a shift in popular sentiment and all of a sudden what was within the guidelines is outside of the boundaries and when i was in my most active years on wall street we had a thing called structured finance, and the job of these guys that work at rocket science level intelligence was to interpret the accounting rules and the tax rules to get the most favorable treatment under growth and that meant sailing very close to the line they were in change and there were dogs and some of them got into trouble. so i think one of the problems with this idea of criminal prosecution is that it is very easy to agree that when people sold crack and called it a gold, if they knew it, they should be prosecuted but there were so many things done by rating agencies and lawyers and accountants and international this and that. to grab one of these you have to grab somebody that was a egregiously in the wrong i would think. and it hasn't

i think it is a pretty hard call, but i would also like to know that during the s&l crisis over a thousand people went to jail. >> sometimes what happens in life is that there is a shift in popular sentiment and all of a sudden what was within the guidelines is outside of the boundaries and when i was in my most active years on wall street we had a thing called structured finance, and the job of these guys that work at rocket science level intelligence was to interpret the accounting rules and the tax rules to get the most favorable treatment under growth and that meant sailing very close to the line they were in change and there were dogs and some of them got into trouble. so i think one of the problems with this idea of criminal prosecution is that it is very easy to agree that when people sold crack and called it a gold, if they knew it, they should be prosecuted but there were so many things done by rating agencies and lawyers and accountants and international this and that. to grab one of these you have to grab somebody that was a egregiously in the wrong i would think. and it hasn't

i think it is a pretty hard call, but i would also like to know that during the s&l crisis over a thousand people went to jail. >> sometimes what happens in life is that there is a shift in popular sentiment and all of a sudden what was within the guidelines is outside of the boundaries and when i was in my most active years on wall street we had a thing called structured finance, and the job of these guys that work at rocket science level intelligence was to interpret the accounting rules and the tax rules to get the most favorable treatment under growth and that meant sailing very close to the line they were in change and there were dogs and some of them got into trouble. so i think one of the problems with this idea of criminal prosecution is that it is very easy to agree that when people sold crack and called it a gold, if they knew it, they should be prosecuted but there were so many things done by rating agencies and lawyers and accountants and international this and that. to grab one of these you have to grab somebody that was a egregiously in the wrong i would think. and it hasn't

l. and crosstalk. and you can. still. hello and welcome to cross talk of people about after a decade of wars and then ongoing global financial crisis particularly in the eurozone just how attractive is the west when it comes to soft power is the west specifically the u.s. losing its ability to influence others the weak sample and the power of ideas and values. in. rostock soft power i'm joined by craig hayden in washington he's an assistant professor in the international communications program at american university school of international service also in washington we have ivan eland he is a senior fellow and director of the center on peace and liberty at the independent institute and in london we crossed the jonathan mcclory he is a strategy adviser edwin creative all right gentlemen cross talk rules in effect that means you can jump in anytime you want to anyone if i go to you first in washington what is the state of america's soft power today ok a lot of people think and read the u.s. to go real battering under the bush years and now we've had four years of obama what is this what is america's brand value. well i think america

this is why we'll have an inflation crisis, but that's not where i'm going temperature dollars are typically used when you make those smaller transactions like buying a l ing a l. 67% of all transactions that were $10 and below are paid for right now using cash. so new technology is great for now, cash is still king. still "outfront," new details in the oak creek temple massacre and how he died. and later, madonna and the trial of a rock group jailed in russia for defying vladimir putin. it's something you're born with. and inspires the things you choose to do. you do what you do... because it matters. at hp we don't just believe in the power of technology. we believe in the power of people when technology works for you. to dream. to create. to work. if you're going to do something. make it matter. and sounds vying for your attention. so we invented a warning you can feel. introducing the all-new cadillac xts. available with a patented safety alert seat. when there's danger you might not see, you're warned by a pulse in the seat. it's technology you won't find in a mercedes e-class. the all-new cadillac xts has arrived, and it's bringing the future for

aftermath of the cuban missile crisis of 1962 it seemed a very real possibility that we could have nuclear war. by 1965 the vietnam war was raging, and by 1995 -- sorry, by 196 l anti-war buttons were everywhere in the country. also in the 1960s a president, his brother and the country's most prominent black leader were assassinated, two of them in the same year, 1968. now, beneath this seething surface that we had there were several ongoing and interlocking social revolutions over race, feminism, the new technologies and sexual freedom. at such a moment, the newly-found power of television could have become an instrument for extremism and division, but it did not. more by accident, perhaps, the design the news broadcasts of that era were voices of moderation amid the chaos. they reflected middle class values and, essentially, centrist politics mainly because those who produced them were middle class and moderate. sometimes a bit to the left, sometimes a little to the right, but never very far from the center. the assassination of president john kennedy was a watershed for television news. whatever warts have since been discovered on the persona of john kenned