lael brainard, we'll speak to her in the next hour of the program. back to you, ross. >> steve, we look forward to that, as well. this is a global story concerning oscar pistorius. he has -- this is the disabled athlete, he has been charged for the murder of reeva steenkamp, who was his girlfriend, charged with one count of murder. that was just a general news story that just came out. >>> let's turn our attention to m & is & a. korean airlines says it may bid for a 44% stake in czech airlines. a korean air spokesperson said it's doing due diligence. the czech government said it's looking to sell the struggling airline in the next few months, probably in april or may. there's divested a minority stake in the french firm a year ago. so compared to last year, m&a activity is aif to a slow start in 2013, but given the proliferation of easy money, that could soon change. for mow, we're joined by andrew lung. nice to see you. in the united states, of course, it's the opposite. we've got plenty more m&a than last year. what will drive it in asia? >> well,

. >> jay, we've heard over the last couple of years from secretary geithner, from lael brainard, from mike froman, their concerns that countries in the eurozone were cutting too much, too quickly. to what extent does the president's experience in watching that inform his philosophy going into these negotiations? >> obviously, every country has dealt with the global economic crisis that befell us in 2007, 2008 in different ways. we believe, and the president believes, that the approach that was taken here in washington was the right one, and that as a result -- even though we suffered a calamitous recession, the worst of our lifetimes that took millions and millions of jobs -- we have been able through hard work and tough decisions, and the grit and determination of the american people, to come to a position where the economy has been growing steadily. and it has been creating jobs -- over 6 million private-sector jobs. that work is not done. so the focus that the president has had was one that prioritized in the beginning the need to stop the bleeding, the need to avert a depression.