lawrence summers, welcome. is the tax cut deal good economics or just necessary politics? how do you think about it? >> well, i think it's very good economics. it's very good economics for the catastrophe that it averts. if we had not been able to reach an agreement and the middle- class tax cut had gone away, and family income taxes had gone up by $2,000, the risk to the economy would have been very, very great. moreover, the elements that are contained in this agreement... that's going to provide an impetus. now, the bill is not perfect. >> brown: not perfect-- in fact, you call it a compromise, you've called it a compromise, no question, right? >> it's a compromise, from the president's perspective, and economics very much supports him on this. giving relief to the highest income families-- giving relief, in particular, on very large estates of a kind that only go to a few thousand people-- none of that is the best way to move the economy forward. >> brown: in fact, it's something he talked about as a core value. >> we think it's a real mistake. on the other hand, the c

presidente barack obama podÍa anunciar en enero quien seÁ el reemplazo de su actual asesor ecoÓmico, lawrence summers2010 fueron deportados Ás de 400-mil indocumentados.janet napolitano, dijo hoy que el uso de esÁneres de cuerpo entero la secretaria de seguridad nacional, para detectar explosivos en los aeropuertos, se mantendÁ tal como esÁ, para salvaguardar la seguridad del pÍs.y el gobierno de rÚl castro anuncÓ otra medida para mejorar la alicaida econoÍa de cuba.. esta vez decidÓ eliminar el impuesto a las remesas en Ólar, quelos exiliados cubanos envian desde los estados unidos a la isla. volvemos al punto de la discusÓn y el debate con jorge ramos. ♪ >> y continuamos con este programa y vamos a analizar las principales noticias durante todo el aÑo, estamos aquÍ con luis mejÍa y con otro corresponsal. ricardo,hace un aÑo a haitÍ era la noticia por un terrible terremoto. >> un terremoto al cual llegamos al dÍa siguiente, no pensÁbamos que podrÍa ser una catÁstrofe tan grande,pero miles de muertos,y llegamos a 250.000 muertos,la catÁstrofe mÁs grande en el hemisferio y un paÍs que no estaba prepar

white house economic adviser lawrence summers said that he expects low consumer demand to remain a drag on the u.s. economy for several years. he spoke at the economic policy institute. mr. summers is stepping down as director of the national economic council at the end of the year. this is all little over an hour. >> hello, my name is larry michelle, and i'm the president of the policy institute. thank you for coming here. he is the president of the president's national economic council who will offer his remarks after his two-year tenure at the white house. we're pleased to host this defense. i must admit that a number people have looked and thought this was odd to have larry summers did to his speech at epi. what to set the record straight. there are a lot of things that larry and i have in common. we're both named delivery. [laughter] we're but the economist and have done a lot of words on the labor market, on jobs. second, we were both raised in the philadelphia area. third, he has two uncles who were not awarded the nobel prize in economic. i have two locals. [laughter] ok. i do n

. >>> the replacement for outgoing economic council director lawrence summers will have a guiding hand in nearly economic decision the obama administration makes. >>> this morning the library of congress announced the 25 films selected for the national filmment registry. they include the empire strikes back, saturday night fever, the exorcist, and all the presidents men. >>> 5:12. he came way out of the political left field and he's doing get. alvin green is once again running for office in south carolina. greene just filed the papers to run for an open seat in the legislature. he made national news earlier with very little campaigning. he won the democratic nomination to challenge de mitt. he easily beat greene and ran again. he said one way to create new jobs would be to hire people to build action figures of him. >>> the airline pilot who anonymously captured security film of him is going public. that pilot has been identified by a sacramento tv station of chris lou of colfax. he is going public because he wants to change major flaws in airport security. the you tube videos you are

kagan -- elena kagan will talk about the confirmation process. >> white house economic adviser lawrence summers says that he expects low consumer demand to be a drag on the u.s. economy for several years. he talked at the economic policy institute. he is stepping down as the national -- he is stepping down from the national economic council at the end of the year. this is just over one hour. >> i must admit that a number of people have looked at me and thought this was a little bit odd to have larry summers at epi. but there are a lot of things that larry and i have in common. first, we're both named larry. [laughter] and we are both economists and we have both done a lot of work on the labor market, on jobs. second, we were both raised in the philadelphia area and we are about a year apart in age. third, he has two uncles who were awarded the nobel prize in economics. me? i have to uncles. [laughter] okay, i do not want to leave the impression, however, that there are not some fundamental differences between us. in my view, larry has abandoned some core fundamental values. when he moved to bos

the replacement for outgoing council directed lawrence summers have a guiding hand in nearly every economicdecision about what makes. president barack obama is the most admired man it indicates that the president adds that pack of former presidents, a culture icons for the third year in a row. he's followed by george bush, 5% end bill clinton with 4%. for the ninth consecutive year secretary of state hillary clinton was voted the most admired woman exceeding 17% to lisa euler pelletreau%, over at 11, michelle at 5%. the empire strikes back, among the 25 films selected for preservation by the library of congress. each year they have 25 homes added to preserve her films with artistic, cultural or historical significance. 550 films in the registry. we will be right back with the kron 4 morning news, weather and traffic in just a few moments. welcome back, guitarist and north bay nothing compared showers to the north bay nothing compared to what we're expecting. gusty winds expected. at the sprinkles in the north bay, elsewhere stay dry. calmer conditions for the start of your day. outside, sto

the replacement for lawrence summers will have a guiding hand in almost every economic decision the max will make. but for now, the president is -- the obama administration will make. but for now, the president is taking it cool in hawaii with his vacation. you can see the president here having some shaved ice. i can taste it right now. we also know he's been playing a lot of golf. he's been working out with the first lady and playing some basketball, even bowling with his daughters. >>> shaved ice is quite a del kasi in hawaii -- delicacy in hawaii. >>> a deadly fire claims the life of a bay area man who we've learned is a world war ii veteran. >>> plus the criminal act in the east bay a has a -- that has a little league team frustrated on the field. >>> if you are driving on the east shore freeway, certainly there are people out there but it is lighter than it normally is. we'll run down the normally commute and have a look at t he -- have a look at the forecast straight ahead. >>> it is 7:216789 it's believed a space heater -- 7:21. it's believed a space heater is the blame for killi

white house and economic adviser lawrence summers said he expects low consumer demand remained a drag on the u.s. economy for several years. cheese the economic policy institute. he is stepping down as director of the national economic council at the end of the year. this is a a little over an hour. >> hello. i am the president of the economic policy institute. thank you for coming to hear larry summers today, director of the president's national economic council. he will offer his remarks after his two year tenure in the white house. we are very pleased to be able to host this event. imus admit that a number of people have looked at me and thought this was a little odd to have larry summers here. but i want to set the record straight. there are a lot of things larry and i have in common. we are both named larry. and we are both economists and we both have done a lot of work for the labor market. we were both raised in the philadelphia area. third, he has two uncles who were awarded the nobel prize in economics. i have two uncles. okay. i do not want to leave the impression however th

the replacement for lawrence summers will have a guiding hand in nearly every economic decision the obama administration makes. iran's president, ahmadinejad, says the west hostile policies could harm further talks over his country's disputed nuclear program. the president said if the west continues on this path, "it would not close the road." he remarked that the u.n. security council as well as germany agreed to another round of talks in istanbul in late january. india has issued kahnwide alert on information of a potential terror strike by a pakistani group. more police patrols and strict security checks have been order and in mumbai and several other cities. following credible reports that a band of militant group was planning a new year's attack over the weekend. a siege in 2008 killed 160 people in mumbai. and finally the empire strikes back and saturday night fever are among the 25 films announced today selected for preservation this year by the library of congress. each year that library adds 25 films to the national film registry. to preserve films with artistic, cultural or hist

include health and human services secretary, kathleen sibelius and white house economic advisory, lawrence summers. this is an hour 15 minutes. [inaudible conversations] [inaudible conversations] >> good morning, everyone. my date is david blumenthal, national coordination at the halted human services. want to welcome everyone from the public and the press as well as our distinguished panelists here today for a very important announcement about a new report on health information technology. but first, i would like to introduce an disagree pillage and pressure to introduce my boss, the secretary of health and human services, kathleen sebelius. throughout a unique and challenging and exciting time in the history of our health care system, secretary sebelius has provided steady rise and creative leadership on a wide range of issues that come before her, but most exceptionally on health care reform, reforming our health care system and also on an issue that my group, my agency is most concerned with a knot of information technology. as the insurance commissioner and governor of kansas before coming he

home sales began heading up in late summer, slumped in october, then headed up again last month. lawrence yun, chief economist for the national association of realtors, is optimistic the new year will bring good tidings for the housing market. >> i anticipate that home sales will rise anywhere from 5% to 10% in 2011 and the catalyst for driving home sales higher will be the improving economy and job creation. >> reporter: still some experts aren't uncorking the champagne just yet. while mortgage rates are still near historic lows they have been trending up in recent weeks. russ haraus from appraisal research counselors fears that could spell trouble for sales and home values which have plummeted roughly 20% over the past few years. >> we may see somewhat of a pull back in the spring market if that continues, and so we could see somewhat of a price decline. >> reporter: foreclosures are another problem. while they were down last month as lenders addressed questionable filing procedures, foreclosures are expected to spike again. and this time they could affect a very different demographic.

lawrence river and on lake erie. the homeland security chairman, the gentleman from mississippi, mr. thompson, helped to shape the bill and bring it to the floor last summer. the senate has returned the bill with modest refinements. i ask my colleagues to support this revised version so we can send it to the president. i reserve the balance of my time. the speaker pro tempore: the gentleman from virginia reserves. the gentleman from texas is recognized. mr. smith: madam speaker i yield myself such time as i may consume. the speaker pro tempore: the chair recognizes the gentleman. mr. smith: madam speaker, h.r. 4748, the northern border counternarcotics strategy act, requires the director of the office of national drug control policy, ondcp, to develop a counternarcotics strategy for the u.s.-canadian border. the house passed this legislation this past july. the senate sent it back to the house for final consideration. significant attention has been paid with drug smuggling with the u.s. border with mexico. the border -- according to the 2010 national drug assessment, asian drug traffic organizations produce the drug ecstasy. america's northern border are