policy in latin america.latin america was early on a dissenter of george bush's militarism and unilateralism. we saw dissenting from the war on-- the invasion of iraq and a number of other moves to institutionalize unilateralism. we also saw latin america take the initiative in trying to move beyond this extreme deregulation that crippled latin america in many ways during the 1990s. economic deregulation. when you see in other words, is latin america really grappling with the two problems that in many ways derailed the u.s. in the last couple of years. the militarism that took shape during the bush administration and the extreme economic deregulation. the united states is now just coming to terms with those two. latin america has had a year of trying to work through them and i think they have been paging enormous strides. >> rose: all of you are saying it is pulling away from the united states. why is that? >> i think there are a number of real structure reasons, global reasons you see. the united states no l

the probe includes operations in latin america, where it gets 40% of its sales. education stocks ran to some new highs as the u.s. department of education continues work on a new rule directed at the industry. the regulation aims to make sure graduates can make enough money to pay back their student loans. if they don't, the schools federal student loans eligibility would be at risk. the worry is that the rule may cut into profits at education management, devry, i.t.t., and corinthian by limiting student loans. credit suisse thinks the education department will exempt schools from the requirement if they meet certain graduation and employment thresholds. all four rallied on heavier volume. tonight's triple digit gainer comes from the world of drug development, as is often the case. molecular insight pharmaceutical is a micro-cap company, even after today's 128% jump in its stock price. phase two clinical trials of a cancer drug show symptoms

he provides cataract surgery for people throughout latin america. via surgeons to travel throughout america and bring sight to people. i thought, he does that for a tiny fraction of the investment we make in latin america and he is appreciated and known because he is ranted it so effectively. we are grated some branding. americans can sell coca-cola and pepsi all over the world for half a day's wage for a can of coke. yet we are not selling democracy as well as we could. we are not selling our values and the things america has done to help the world. so rather than come if you will, apologizing for who we are and what we have accomplished i think we should be drawing on the very best of our skills from the private sector to make sure that we communicate who we are in exercise the soft power influence we could be exercising to draw more people to the kinds of values that will enhance their lives and promote the stability and peace on the planet. >> host: in the book though, when it comes to writing about something like laval worming what you said is

but, you know, i kept on hearing when i was in latin america, for instance, about the miracle cure. or the miracle operation. and i said well, you know, what's that? and they said oh, fidal castro he provides cataract surgery and bring sight to people. he does that for a tiny fraction of the investment that we make in latin america and he's appreciated because he has branded it so effectively. we're great at some branding. look, americans could sell coca-cola and pepsi to people all over the world for like a half a day's wage for a can of coke but yet we're not selling democracy as well as we could. we're not selling our values and the things that america has done to help lift the world. so rather than, if you will, apologizing for who we are, and for what we've accomplished, i think we should be drawing on the very best of our schools from the private sector to make sure would we communicate who we are and exercise the soft power influence we could be exercising to draw more people to the kinds of values that will enhance their lives and promote the stability and peace on the pleas

even latin america -- brazil is doing well and the remainder of latin america is doing well. we are doing okay. the american and economy is accelerating faster / -- the american economy is accelerating faster. europe will have a major problem with the exchange rate and other problems. japan is coming back and everybody is coming back, but there are laggards. the problem is getting closer and closer to where the deflationary will be behind us and that the real issue of inflation begins to rise which, paul volcker said, you cannot have a system where you have large deficits, but very large expansion in the monetary base, and not altogether inflation. it has never happened. >> what can the fed to do about some of these long-range problems? >> it is mainly out of the hands of the federal reserve in the sense that these are very deep- seated, political, cultural problems. what bothers me specifically is that in recent months we are exhibiting an absolute inability to cut anything. the c-17 which is a great cargo plane, we have too many of them according to the air force. they are

we're growing in latin america. we're moving ahead in the united states. a lot of the mining equipment that they're selling, doing very, very well. so this is a revenue story. you're exactly right about that. >> i think that's very, very important. >> let's give you a quick look at blackrock. the market not liking what it's seeing, the world's largest asset manager. look at that, larry. down 7%, almost 8% here. it's hard to figure out why the market is so negative on it. their profits tripled or something like that. net income quinn tup ld. eps tripled even though it was a little short of what the street expected. revenues a little light. i wonder whether they expected more in assets under management. assets under management in the first quarter basically sort of flattish. they still got more than $3 trillion under management. they are the biggest cat on the block. doing very nicely. >> i wonder if that's affected by the bank bill, by the bank regulation bill? i wonder if there's stuff in there we don't know about. >> could be. i'm not sure. but the revenu

if you are a graduate student in colonial latin america you can't get your dissertation published no publishing, you pairs, as the slogan goes. so there is a kind of ripple effect that is moving throughout the world of learning in which everything is connected with everything else, but it seems to me the new technology is a ground for hope. my own ideal, i am speaking as a specialist. the 18th century called the republic of letters. it is a republic with no police force, no boundaries, complete egalitarianism. anyone can participate. it is rare talent counts. in the 18th century, as i have tried to show in earlier studies, this was an ideal that was in really far from reality. in fact, authors and publishers and so on were always fighting. life was pretty nasty, actually, if you were trying to make it in the republic of letters in the 18th-century. but today it seems to me that we have got new possibilities of really reviving this republic of letters thanks to the new technology. we have the espresso book machine, but we have many other things as well. it seems to me that there will

we see populism in the united states, europe, and latin america. andrew jackson makes the argument that it is the professionals that are really the problem, the ones getting in the way that people are angry about. do you see a danger there? do you think they are beating the pollen and stinging people now and then? that is not an international question. that is a very good question. i was not expressing a value judgment. i was simply saying that is what we are. people draw their own value judgments for that. we look at it, so naturally we think they are good because that is what we are. this is one of the difficult questions in administrative law. the world runs in the united states and elsewhere by delegating enormous power to administrators or bureaucrats. hear, there are two opposite and powerful forces. if, and everyone knows this because this is an andrew jackson point -- if you delegate too much power to a group of bureaucrats they will prevent you from making the decisions that democracies insist people make. it takes power from people and th

said he does suffer a tiny fraction of the investment that we may again latin america bree he is appreciated because americans are good at branding because they can convince have a day's wage for a can of coke we're not selling democracy as well as a cut or what america has done to lift the world so rather than apologizing for who we are and what we have accomplished i think we should be drawing on the very best of our skills to make sure we communicate to we are and exercise the soft power influence to draw people to see the stability and peace of the planet. >>ost:hen comes to riding about global warming you say way to a second look at developing countries, specifically china. cannot be trusted to put in regulations that will limit the emissions of greenhouse gases because they have such a strong belief of economic growth and that is what they are all about. for us it would be futile on the international stage to unilaterally say we'll put in place limits or cap-and-trade standards if we compete with the chinese. what does that say? teeeleven dain global warming? remicade all call it ameri

other parts of our foundation have done work in latin america and on nutrition and providing cataract operations, a problem impacting the workforce in peru. we have done to 50,000 cataract services in peru. as a global initiative every year we try to raise health care money. we have raised $6.5 million to help improve access and child nutrition. in haiti, paul farmer at the un is going to try to do for haiti what we did in rwanda, build a whole system that the government can run. it is against this background that i want to say the following thing. i strongly support the global health initiative. and it is closely related to food security. i think the two things should be possible, supported hand in hand. i think the bill is well conceived. it focuses on developing systems in the 20 countries. it is the next logical step after what we have been doing. it focuses on reducing infectious diseases, increasing access to safe drinking water. it is user friendly. they want to have one place to treat everyone. this is a horrible struggle in many countries. there is an enormous emphasis on new

the 15th century inca ruin is the most visited site in latin america. it may well be the biggest process of its kind in human history. it is certainly another significant step to india becoming a global economic force. a new census for fingerprint and photograph everyone aged over 15. this is to create a national data base. it's india's 15th census but it is the first to contain a biometric element. soon it will be clear exactly how the world's biggest democracy is evolving. from deli, -- from dehli. >> the indian president, prahibha patil, the first of 1.2 billion indians to be recorded in the latest census. it's an exercise that is breathtaking in its scale. and simply has no parallel. >> for the first time in human history that we are able to identify, count, enumerate, record and eventually be issued an identity card to people. >> in an apartment block, the processes are under way. residents are asked to provide detail on an elaborate form. among the questions, do they use the internet? or own a mobile phone? later, they will be photographed and hav

because been a shade ruined this country essentially and they created the most productive economy in latin america for the last 20 years and it is not a equipped to this country his wife. it is overwhelmingly white. i agree with you completely. argentina, look at what they have done over the last five or six years. i agree with you completely. it is is not a questions these countries are white but i do think there is, having said that, there is still a step in the industrial process that we never took and i think this happened in the 40s. we never sort of recognized our elites, our political class was clear they were never going to let what happened in europe where you have a working-class movement, a viable working-class movement, they were never going to look-- let that happen so if you look at the taft-hartley bill and we talked a

way that other places state and other places struggled with in the century including europe and latin america i think andrew jackson made the right call. we can argue on the economics, politics -- you know, you probably guessed from my funny accent i am an immigrant. i've been here 25 years, citizen for ten years. i thought long and hard before becoming a citizen. i took a test. who became a test before becoming american? there you go. a few of you. did the rest of you even know there was a test? i did well on the test. i think we have a very good constitutional framework and iain incredibly strong position but as far as i can see from my reading then and now there is nothing that says we have it forever. there is nothing written or assured that says you don't get taken over and don't get a distorted like so many other countries have. i feel we can fight it off and i think the jackson of roosevelt and fdr furious did fight it off but it has to be done. it doesn't happen for you. someone has to do it. how are we doing on time? what is the constraint here? and for a few questions. okay. on the

he was very big in europe, certainly big in latin america, certainly big in north america. his next final frontier would have been ace asia. he had a couple outposts. a few more years, the asians would become big victims. they were lucky and escaped. there were hundreds of people, if not thousands that knew madoff was a fraud. they need to be brought to justice. most of the perpetrators overseas will not be brought to justice and very few in north america will be brought to justice. i don't think the government has the resources to do this case and bring everybody to the bar of justice they need to. tavis: so when you suggest that persons who read your book as you have been touring around the country, understand the clear english, the clear language in which you right, that the s.e.c. should have understood if everyday folk can figure that out, do the victims, a tough question for some people to swallow, but do the victims here have any responsibility in knowing or having some idea that with a line that only goes straight up that something was wrong here, something was a li

most caribbean countries in central and latin america have some kind of critical care facility, don't they? >> right. most do. but you have to remember that haiti's the poorest nation in this hemisphere and today people are still dying of dirty water and kids are dying of starvation. it's an hour from miami. >> couric: he's been coming to this impoverished nation for two decades and, in 1994, founded project medishare, a nonprofit organization that raises money to improve haiti's health care system. you believe if haiti is to thrive at all, it's got to have a better health care system. >> well, exactly. and president clinton has talked about bringing in a massive influx of industry and people investing, international donors. they're not going to come here unless there's a health care security net. >> couric: every week since the earthquake, medishare has managed to mobilize a massive influx of volunteers from the u.s. >> we are glad to have you here. >> couric: how many doctors, nurses, technicians do you have here at any given point? >> usually about 150 doctors, nurses, therapists,

. >> which reflected the filibuster attitude, the north american attitude toward latin america was were americans so one of us is worth 10 of them so even though he dug in behind fortified walls and has a rifle, go get your americans. fortunately once he'd buy loch really carries the one maneuver, by lackey manages to win, by lack of a leading general and head of state for his side it dies and he has that been the straw man. can't even speak spanish. he is the strongman in nicaragua and thousands of americans excited by the success want to come down and made while this is a story which completely overturns the core presumptions of how this played out. the papers i found, legal papers a lawyer has in the manuscript is department, most people said vanderbilt's rivals within the company knew he was taking control so they convinced walker, give us control of the rights of carrying passengers and then we will bring a free reinforcements and vanderbilt realized he was betrayed. in fact, a friend of walker's went to the san francisco agent of the company, garrison, one and set be trained van

look at latin america. most latin -- south american spanish speaking states, south american, gain their independence in heroic struggles against spain in the second decade of the 20th century. sorry 19th. many of those countries are coming to grips. and with a colonial hangover. this is junior high school physics. what happens when an expersonal force pushes a system and the force is suddenly removed. the reaction is at least equal to the force. in the uniform in which most of us still live. what you are seeing around the world with the religious struggles is a world trying to reshape itself. entries trying to find a new organic balance. what can work for them? well, the problem is when the european empires which ran from relatively benign to monstrous in the case of the dutch and portugese, in the recession of empire, they left behind the poison pill of dysfunctional borders. on the practical level, this is no more grotesque cause of violence in the world today than dysfunctional borders. look at the depar

of a broader challenge to american world leadership by a coalition of anti-american regime in latin america >> others say the u.s. is right to steer clear of the fight, saying america friendly governments will prevail. the u.s. said if asked it could mediate between the u.k. and argentina concerning the falklands but with the u.k. just starting the search for oil and argentina revving up the rhetoric, they don't seem to be at the chatting stage yet. in london, greg palkot, fox news. >> tiger woods making another apology. this time it's not for the cheating ways. instead he is saying he's sorry for the foul language he used at the masters. he placed fourth in the tournament, his first since the sex scandal broke in november. but after hitting a couple of lousy shots, he led loose some words we can't repeat on this broadcast, 'cuz well my parents are watching. on his blog, tiger is apologizing and said the masters support is something he will never forget. >>> 7-foot creature caught in a net rescued. but barely. what happened and where the animal is now next. plus, can you guess the president

drug war going on and there's not a lot of building codes down there, similar to other parts of latin america when you have a major earthquake. right now, i know that our assets in los angeles and southern california are doing what we can to find out about any major damage there and hopefully no major damage there. >> you talk not a lot of building codes as we've seen in areas around the world, one thing that comes to mind is haiti where they didn't have a lot there either. you can see some damage, but you say this is pretty deep into the earth? >> yeah, you know, we were in haiti for two weeks and i can tell you from firsthand experience there are a lot of similarities with the building colds. the cement is not the same as you find in the united states. the mortar is different, sandy in a lot of these countries, especially in tijuana, built without a lot of rebar and any kind of shaker, for example, los angeles might not do much damage here, could do significant damage there and when you're talking 6.9 that's a large earthquake. we're trying to find out is there massive damage and hopefully

farmer in latin america? i think we need to ask that question. it needs to be part of the conversation. because i can't imagine most people who are undocumented really wanting to have to leave their home, their families, their friends to come to a country that they don't know or they don't necessarily speak the language, where they don't necessarily really know anyone, to try to make a life. they probably would rather stay home. but there's something that is drawing them here and it probably has something to do with our, you know, the great economy of the united states, but it probably also has something to do with the trade and agriculture policy which put a lot of pressure on economies in this hemisphere. so, with that, madam speaker, i'm just going to say, i'm going to yield back for the close to congressman polis, madam speaker, who has really been a champion on this issue, who has really kept the fire burning on it and i think, madam speaker, that we all owe him a debt of gratitude along with other champ

my beloved dad, her granddad, loved and latin america, traveled there. we were raised with that feeling of affection. he was the honorary consul general for honduras in michigan in the 1950's. he wanted to find a country that would make him consul, so he found honduras. he stamped 5 visas a year. but he felt so deeply about the importance of those countries, fully meeting the needs of their constituents. that is what this is all about. so in a word, i think we need to proceed. we need to address the outstanding issues. i hope we can do that. >> one of the frequent arguments made in favor of ratifying this free trade agreements is the need to support strategic allies. how much weight should foreign- policy decisions be given in determining whether to ratify a free-trade agreement? >> the answer is, some. but they are trade agreements. that is the answer. i mean -- look, we know with korea, for example, the other issues. they are important issues. all i suggest is that they did not totally overwhelm what is the basic purpose of a free trade agreement. i wi

>> i not only speak to them, after this meeting, i'm going to latin america where the brick summit will be held in brazil and this group, this community of countries today, is formed already. this doesn't mean that this is full-fledged organization, but that doesn't mean these are four countries developing at a fast pace and if we are able to find consolidated approaches, we can do that on many questions, not on all of them, but the things we discuss like economy and politics is very important and today, brick has become a factor of economic development. does that mean that this is a community having an eternal shape and it is rigid? i don't think. so but in order to change it, we have to reach common approach. we have to agree. last year, when we met each other and discussed these issues in russia, with all of the statesmen of brick we discussed national measures and economic development. this is very good for us and the outlook of our society is positive and we're going to develop this structure. >> this will be the last question. >> this is probably the first brookings event at which

it's predominantly asia, latin america, emerging markets. >> rose: right. >> you look at japan, very soft. you look at europe. very soft. you look at the united states. >> rose: a little better. >> a little better. but that's where the rebalancing is taking place. where clearly those emerging markets are absorbing a lot, are prix deucing and absorbing a lot of the value creation that is taking place around the world. and that's the reason why at the world bank level over the last 12 months we've negotiated this rebalancing of voices, meaning voting rights and quotas so that emerging markets-- particularly china-- could have a voice that was sort of tantamount its share of the producing value and economic growth coming up. >> rose: your president called for a change in the reserve currency. >> yes. >> rose: and there's much talk about this. people like joe stiglititz, the nobel laureate, has all said over the longer term we have to look at the question of the reserve currency. >> yes. there is work to be done. because we are operating and proceeding on the basis of the bretton woods g

so consequently, many of the arrests are from mexico or latin america. >> i'm talking about in injure, is it not true, sir, that there has been a complaint with your whole county department about racial profiling across the border. is that not true? i'm not just talking about the border -- >> i just said the justice department 60 days. >> narrator: under the obama administration sent the civil rights people here. they've been roaming around for a year and a half. if we're racial profiling, where is the proof? >> so this is not about as you say, somebody being paid to come in or there was violence. this is about there's been complaints made by the citizens that the justice department reviewing. i understand you -- >> you know, when you have 38,000, you deal with, you bound to get a few complaints. you know that. people complain about you whether you come here. >> sure. you just made some reckless complaints about violence that never happened and money that never happened. we're trying to get to is the constitution of the united states protects people with equal protection under the law

a wonderful friend of mine in latin america said when i fed the poor, they called mae saint. when i asked why people are poor, they called me a communist. these words of justice and economic justice are biblical words, the prophets of jesus. i wish he would have a conversation with some of us. this is at the mission of the church. all of us believe this. he really should stop attacking the churches here. it's not going to be good for him and for his mission. i won't be good for him. >> good to have you with us tonight. >>> telephone survey tonight, i asked do you think tiger woods learned his lesson? 53% said yes, 43% said no. that's "the ed show." back tomorrow night. . >>> the party of lincoln, let's play "hardball." >>> good evening. i'm chris matthews. down in washington leading off tonight, gone with the wind, talking about that proclamation of virginia governor bob mcdonnell of the human rights month. he didn't mention the civil war and now mentions slavery. why would a governor want to celebrate a war that fought to deny voting rights and rights all together, had 6 mil

look at latin america. most latin -- south american, spanish-speaking states, south american, gain their independence in heroic struggles against spain, in the second decade of the 20th century. sorry, the 19th century. it is 200 years later, and only in this generation are many of those south american countries coming to grips with the colonial hangover. now, this is junior high school physics. what happens when an external force pushes a system out of balance, keeps it out of balance, and the external force is very suddenly removed? the reaction is at least equal, to the force exerted in a utopian universe where much of us live. but where you see around the world with the fault lines is a world trying to reshape itself, societies, countries, entire continents trying to find a new organic balance. what can work for them. well, the problem is, when the european empires, which ran the gamut from relatively benign brits to absolutely monsterrous in the case of the dutch, was the row session of empire, they le

. >> rose: asia, the united states latin america in some cases. >> it's an almost philosophical question has a lot to do with the mentality in europe. europe is for hundreds of years a very successful leading force in the world. and it's a clear beneficiary of globalization. so for... and the question is, is it going to be the beneficiary of globalization in the future? i doubt it. and is a... >> rose: europe will not be a beneficiary of globalization in the future. >> that's not in question because if the mentality of a very successful entity leads to complacency, leads to lack of competitiveness then i think this can be very dangerous. and i think that has to do with the fact that you've just described that europe is not doing so successfully. germany is still a driving engine and a big beneficiary of the euro and the globalization so far. but are we ambitious enough? are we change-oriented enough in order to maintain that role of germany and europe particularly in competition with countries like india, like non-democratic countries like china, the non-democratic version of capitalism

you're in latin america. is it brazil? is it mexico?> brazil and india really are the two major -- >> listen, you spent half a billion dollars to buy 4500 in india. >> that's correct. >> it's a lot of money to you but it's still only a pinprick in a country of that size even though you'll be the second largest player. >> our strategy is to have the u.s. business be the driver for our company and complement that strong u.s. business with some growth markets like india and brazil. >> let's just go around the horn and just ask people if they like this company. >> i love it. american tower really should be called global tower because 20% of their business is coming outside the states and i know they're growing in india and brazil. >> well, my former team from a disclosure standpoint owns 8 million shares of the stock. they still own. it's still the largest investment. so i think we like it. i think i like it too. >> but it has underperformed, hasn't it? >> again, what tim brought up here is you've got to think about what this company's goin

call our growth places where we are growing the fastest tends to be places like asia pacific, latin america. so when you look at something like australia where the regulators took in my view an extremely ill-conceived course. thus far they've refused to back down and you look at the empirical data. with the reserve bank of australia thought was that by artificially suppressing interchange it would somehow benefit consumers and they were also hearing from the very few because in australia the merchant population is fairly concentrated. merchants who said what we would like you to artificially lower our costs. they did artificially lower the cost of the retailers. so the retailers and the austral the rpf was for digital currency and retailers elsewhere in the world. but not surprisingly those retailers didn't lower their retail crisis. they didn't provide extra coupons. they didn't provide a trip peter or anything of the kind for consumers so consumers in australia to get in the short one-way fuel and then secondly the rewards portion of the cards were rolled back that these were increased so

steve is actually for about 30 or more of years was an analyst in latin america for the cia and so he knows an awful lot about the region including the caribbean and cuba and we had a conversation in another conference many years ago about his work he decided to pursue dissertation after his -- after he retired from the agency and chose this as his subject and he approached me one day at another conference and i was very interested in thought especially in light of a post-9/11 there is an awful lot of interest in guantanamo of course but not known about the history of the place so i thought this would be a good opportunity for a good book. >> the two conferences are not really about you shopping of your new books that having new authors approach to perhaps. >> is a little of both. we want to show off four new books. this is a chance to reach out to the core audience for a lot of these books. but also it is a good way to meet new scholars and get introduced to the new projects. a little of both. >> ranjit, you were the publicity manager at university of kansas prez and now and acquisit

india as a whole, parts of latin america. i believe africa is beginning to show quite significant signs of growth now. is so there's a lot going on in the emerging market. >> rose: should we talk about that... exactly my point. emerging markets rather than a shift to asia? because brazil is not in asia. >> yes, you should talk about it as a shift of emerging markets although it's true that the critical mass is asia. >> and the population. >> and this has implications. it has implications at the level of coordination on the world stage of all sorts of matters of common interest. the emergence of the g-20 as the coordinating mechanism for international response to the crisis is in my view very significant. the g-7 has been marginalized and what you've seen the emergence of a group of nation which includes, of course, the developed nations but also the likes of china and india, saudi arabia, brazil, because that's the new reality. the new reality is that the world's economy is more broadly spread, as it should be, actually, from

and the real up side was in latin america and specifically brazil. can we actually use this as a good metric for the u.s. economy at this point? >> you can because there's so much globalization that we know, you know, and we've made this point many times. the global growth is what's going to drive the u.s. economy. the conversations today, this morning is the economy is performing better than anybody would have expected. sought conversation is going to move to higher rates. if you look at the new high list today, which i always, do and you look at the xhkly sensitive names, the trade continues to be pate participation in higher interest rate beta names. >> hold on, gary, i want to bring in patty edwards at the prop desk. patty, you dissent. >> i don't total liu dissent, but what i do want to bring up, melissa mentioned the fact we have all those rebates that have come out. it was a big deal for them in the u.s. this quarter. but beyond that a lot of what you're seeing is the foreclosures that are coming through. and eventually that is going to go awa

>> i not only speak to them, after this meeting, i'm going to latin america where the brick summit willbe held in brazil and this group, this community of countries today, is formed already. this doesn't mean that this is full-fledged organization, but that doesn't mean these are four countries developing at a fast pace and if we are able to find consolidated approaches, we can do that on many questions, not on all of them, but the things we discuss like economy and politics is very important and today, brick has become a factor of economic development. does that mean that this is a community having an eternal shape and it is rigid? i don't think. so but in order to change it, we have to reach common approach. we have to agree. last year, when we met each other and discussed these issues in russia, with all of the statesmen of brick we discussed national measures and economic development. this is very good for us and the outlook of our society is positive and we're going to develop this structure. >> this will be the last question. >> this is probably the first brookings event at which

my beloved dad, her granddad, loved and latin america, traveled there. we were raised with that feeling of affection. he was the honorary consul general for honduras in michigan in the 1950's. he wanted to find a country that would make him consul, so he found honduras. he stamped 5 visas a year. but he felt so deeply about the importance of those countries, fully meeting the needs of their constituents. that is what this is all about. so in a word, i think we need to proceed. we need to address the outstanding issues. i hope we can do that. >> one of the frequent arguments made in favor of ratifying this free trade agreements is the need to support strategic allies. how much weight should foreign- policy decisions be given in determining whether to ratify a free-trade agreement? >> the answer is, some. but they are trade agreements. that is the answer. i mean -- look, we know with korea, for example, the other issues. they are important issues. all i suggest is that they did not totally overwhelm what is the basic purpose of a free trade agreement. i wi

the way other places, other places struggled with in the 19 citi, including europe, including latin america. i think andrew jackson made the right call. on the politics, you know, i'm, you probably get some eye for an action, i'm an immigrant had i been a citizen for 10 years. i thought long and hard, who here took the test to become an american? there you go. a few of you. did you even know there was a test? i did well on the test. all right. i think we have a very good constitutional framework and an incumbent strong political, and all my reading than another's nothing that says we have it forever. there is nothing written or assured that says you don't get taken over and don't get distorted like so many other countries have. i think we can fight it off. i think that jackson, roosevelt and fdr, teddy roosevelt did fight it out. it has to be done. it doesn't have, someone has to do. how are we doing on time? another few questions. on the front on the left. >> and i will be around afterwards if i don't get to everybody's questions. >> another funny accent here. first of all, i completely ag

in places like latin america. so we at visa are very committed to growing our debit infrastructure in africa. we are now a global public company. so we look at everywhere around the world. and we try to allocate resources. and i can tell you, sir, africa is a big priority for us. >> josh, thanks very much for joining us. >> thank you. [applause] >> i'd like to turn right away to our distinguished panel who's with us this morning. i've asked each of the panelists to speak for 12 to 15 minutes. and we've got a nice diversity. and i'll just introduce them very quickly and we can begin. geoff gerdes is the payment section of the federal reserve board. as lead economists in several major studies in payment conducted by the board he has the primary responsibility for analyzing trends in noncash payments in the united states. >> bob ballen, in the middle -- he's the founder of the the law firm schwartz and ballen. he recommends many insurance companies and securities firms and advises clients on financial services, law,

position upon the sanctions, not only on the united states, europe, russia, but also on china, latin america. in this case only, these decisions, if it is needed, are able to give result, and talking about middle east and what can happen over there. if the nuclear programs is implemented and a nuclear conflict arises, that would be a gigantic catastrophe. we all can imagine what can happen on the middle east if just one terrorist act happens there, or nuclear arms is used. middle east is called middle east because it is so small, and it is enough for bombings happen in one place for it starts spreading all over the world. and that would trigger a humanitarian catastrophe, and huge exodus of people from different countries. and the bad thing that it will trigger the nuclear arms race. many colleagues from iran will say that if iran gets nuclear arms, they will have no scruples with having as well. and this will in large the nuclear club, and then no summit will help if all of those countries have nuclear arms. that will open a new page in the history of humankind, which will be very sad. and

my beloved dad, her granddad, love to latin america, traveled there. we were raised with a feeling of affection. he was the honorary consular general for honduras in michigan in the '50s. he wanted to find a country that would make him consular. [laughter] >> so he found honduras. he stamped five visas a year. but he felt so deeply about the importance of those countries, fully meeting the needs of their institute. that's what this is all about. so in a word, i think we need to proceed. we need to address the outstanding issues. i hope we can do that. >> one of the frequent argue it's made in favor of ratifying these free trade agreement is the need to force strategic allies. how much wished consideration should be given and whether to ratify free trade agreement? >> the answer is some, but they are trade agreements. that's the answer. i mean, look, we know with korea, for example, the other issues. they are important issues. all i suggest is that they not totally overwhelm what is the basic purpose of a free trade agreement. i will finish with this. t

i have a feeling many other countries will follow suit in east asia and latin america because who wants their citizens to be subject to being apprehended and based in -- placed in detention for months at a time? that would be a very reasonable response. i certainly hope and join my colleagues in hoping that this law is tossed out as soon as possible. again, it's important for to us understand why arizona passed it. it was a message. a message addressed in congress that congress has failed the american people. congress has failed to enforce our borders and implement real employment enforcement, real security and indeed congress' lack of action is leading to the undermining of american sovereignty. not only in arizona but in many states including my home state of colorado. that has hundreds of thousands of people who live there illegally. we don't know who they are, where they are. work, in most cases, because federal enforcement has been a joke. this is a solution that we can solve. it's not a solution that should involve posturing from the left or the right, it's one of the american peo

. >> gregg: latin america as well. expect retirements to last longer?is is simply because it's good news we're living longer, but we would just recommend, you have a great shot of living into your 80s, even 100 today. so have that retirement plan go well into your 90s and for a lot of people that, will actually mean sort of lowering that retirement withdrawal that you do every year. there is conventional wisdom that it's safe to pull out 4%. but that conventional wisdom is actually based on a shorter retirement span. so we would say, take out a little bit less than 4% from your nest egg every year. >> gregg: ratchet down your expectations, like what? >> this is just along the lines in the '80s and 90s, assuming a 7% annual return for your retirement planning, that was considered conservative. but given the current market conditions, we would actually recommend planning for about a 6.5% return from stocks and 4% from bonds. >> gregg: all right. money magazine, 31 ways to improve your finances. amanda, thanks for being with us. by the way, check out page