he is joined by the lord mayor of the city of london. he will formally release the new budget this week. this is about 40 minutes. >> the right honorable lord mayor. [applause] >> mr. chancellor, the governor, my lords, ministers, fellow alderman, ladies and gentleman. welcome to mansion house and a special welcome to you, counselor, on this occasion, your first mansion house speech to the financial-services sector and the wider economy. we are always happy to welcome chancellors, especially british chancellors, to this house. chancellor, i hope you have already detected this evening all large measure of good will from the bankers and merchants, and an equally large measure of expectation. you've already begun to address the financial realities of our nation and italy the odds in the head out about the workability of the coalition. but as your knowledge, you all on -- you alone cannot solve our problem. we are all in this together. i hope that the call for the city to be cut down to five has ceased. we understand the sentiments that gain

its stock bounced back in london today after taking a beating earlier in the week. and svanberg defended his company after a telephone conversation with british prime minister david cameron. >> i think we have done everything, as you know. we have done everything we can to try to kill the well. and we have said that we would do everything expected from us in cleaning up the beach, taking care of all the claims, and learn from this as an incident, from this incident, and make the deep sea drilling an even safer place. >> woodruff: still, "the wall street journal" reported b.p. may cut or defer its second- quarter dividend in the face of rising damage claims. the oil giant took political heat in the u.s. over an earlier dividend. british pension funds are heavily invested in b.p., and prime minister cameron insisted today it's in everyone's interest for the company to remain strong. he said he'll discuss that issue, and the environmental damage, with president obama in a phone call tomorrow. late today white house officials con frmed the president will meet with b.p.'

this is not just about the city of london. it is about the fact that millions of people in our country work in financial services, providing good service, and we need to help them. >> onee of the projects that stands to be affected by the decision of the government to put 600 million pounds of housing investment on hold is the economic recovery. [unintelligible] will the prime minister tell me what priority he will attach to the regenerative affect of the >> eeerybody wants to see regeneration continue in birmingham. i paid tribute to the birmingham city council. we want to see that regeneration continued. the problem with the the previous government's hoosing commitments made a particularly hot social housing is that they simply were not funded. one of the things we have been able to do in making the 6 billion pounds of cuts made this year is to cut back some of that money back into social housing scheme which the last government promised but never funded. >> has my right hon. friend had the opportunity to reflectton the comm

is is not just about theity of london.it about tt that mins of people in our untrrk in fincial services, providing a go serve, a we need to he th. >> one of e pros that stands to be affec by th decisionf the government to put 600 millionnds worth of hoing investment o hold is the housing elements, the redevelopment of theg bridge site in my constituency, ich is iornt not just that area but to the ecom coverya ole. give t fact thahat proct liberal democrat coalition that ru the cy uncil,ill the prime minister tl me what prioty he wittach to the regenerativeffects ohousin projects like is? >> look, everyone wants to see regeneration joily run by consvatives d liberal democrats to do the vergo -- contin -- well, theyo. what i would say we want to e that life of regenation continue. the proper be wh the pviou governments is ty simply weren't funded. and one of the thing whave be -- one of the tngs we have been able to do ahe secrety of state for business has been able to do in ming e 6 billion pouf cuts we haven this year is a

and then at a speech in london the general said the u.s. would not just focus on defeating al qaeda. that was the suggestion of vice president biden. mcchrystal called such a strategy short sighted. president obama castigated mcchrystal for overstepping and called for a full strategy review before event ally approving an increase. i found that time painful mcchrystal told rolling stone. i was selling an unsellable position. the article also recounts aides to mcchrystal ridiculing the vice president and one aide calling national security advisor james jones a clown. the general himself had harsh words for u.s. ambassador to afghanistan carl ikeen berry who last year questioned mcchrystal's counterinsurgency strategy. here's one that covers his flange for the history books mcchrystal told rolling stone. now if we fail they can say i told you so. mcchrystal has spoken bluntly about the war effort in the past including just last month with the newshour's geoffrey brown. >> brown: as we sit here now, is the u.s., along with its allies winning th

he went to london and repeated them. yesterday he signed one of the key announcements-- reintegration, which opens up the door from the taliban coming into from the cold. an international trust fund is going to be set up. i've been working directly with the japanese who are leading this effort, and the japanese, by the way, don't get enough credit for what they're doing in afghanistan. and throughout all of this, we're working closely with president car as a. i met with president karzai eight times this year, in london munich, in washington, in kabul, and in these meetings, we have covered all these issues . now, let's not try to personify the country in one person. he also has a very good team of ministers around him. we spent a lot of time with his minister for finance, his minister for reintegration , his minister for agriculture. this is a very tough situation in afghanistan. no one denies that. the important thing to underscore is that it's not a government of one person. and the government doesn't control the whole

london but not let him through with his passport. it makes me curious how easy it is to get through? host: staying on the topic of the war. congress is set to take up a supplemental bill. clearly, there are members of the democratic party who are not voting for more war funding. is this an area where progressives feel like the president has let them down? guest: yes, a lot of people do. i personally do not. what they're trying to do in afghanistan is tremendously hard. but yes, i think there are some progressives who are upset about that. the facts on the ground are fairly dismal. counterinsurgency is very hard. i do not know where this is going to go. i do not know how many liberal votes are set up against this. host: what kind of opportunity does the president have with his oval office address, his meeting with bp officials? guest: i think it is a good opportunitt to take back some control of this situation. it is funny, these oval office address is. i am not the only one who has wondered why he has not used that foruu more. we are

in london last year, we took unprecedented action to avoid an even larger economic catastrophe, to put our economies on the path of recovery, and to begin recovering our financial systems so that the crisis, like the one that we were emerging from, never happened again. in pittsburgh, we went further, moving beyond the old economic cycles of boom and bust, by committing our nations for growth that is balanced and sustained as well as specific financial reforms. a bold action has succeeded, and in the united states, we are committed above all to leading by example, and because of the steps that we have taken to get our economy moving, we are growing again, and this growth is beginning to translate into job creation, and we are now poised to pass the toughest financial reforms since the aftermath of the great depression. globally, economic contraction has given way to economic growth. trade that had plummeted is rebounding. emerging economies, in particular, are seeing impressive growth, so we have pulled ourselves back from the brink and have begun to move forward with economic recovery

. >> is the still head of the group in london? >> he is. >> he has been characterized in testimony before this commission and the press as a mercenary -- not the often hostile term used in afghanistan and iraq about personal security contractors, but in the technical sense. when -- before founding your company. are you familiar -- i can remember some instances -- there was a title, "iraq's mercenary king." in testimony on friday, one of the professors noted that in -- i think it was dr. stinanger -- she had noted that he was a highly controversial mercenary. are you familiar with the mentions that the head of the aegis group is a mercenary? >> i am familiar with the accusations in the press. you know as well as we do that it is very easy to sensationalize this business. >> could i ask you a pointed question? did he fight for money, not for his country? >> no, he was requested. it has nothing to do with aegis. he was requested on behalf of the government. >> he only worked for the british government? and that it was a different gov

. >> now, from london, prime minister's questions from the british house of commons.lier this week come to the british government unveiled a tax increases. the proposed plan dominated most of the debate during question time this week. british prime minister david cameron defended his coalition plan to members. he also answered questions on the mission in afghanistan and on the gulf coast oil spill. >> questions for the prime minister. lisa nandy. >> number one, mr. speaker. >> i am sure that the whole house will wish to join me in paying tribute to marine paul warren from 40 commando royal marines, who died on monday, and to the member of 40 commando royal marines who died yesterday. we should constantly remember, and show our support for, the services and sacrifices made on our behalf by our armed forces and their families. this morning i had meetings with ministerial colleagues and others. in addition to my duties in this house, i shall have further such meetings later today. >> lisa nandy. >> the coal field communities regeneration program breathed new life into pl

small businesses which the way it is right now there's no guarantee whatsoever that money will be london to small businesses. as the -- will be loaned to small businesses. as the bill stands right now any commercial loan can qualify -- if it's a loan less than $1 million. and the fact of the matter is -- the fact of the matter is, mr. speaker, there's no guarantee, there's no guarantee. small businesses are the ones that need help, and the fact of the matter is, two, if the government would just get out of the way then small businesses would lead us back in this economic recovery. they provide seven out of every 10 jobs in this country, and they are the ones that are going to lead us, but nobody's going to expand and nobody's going to add any new productivity and any new hires. they don't know what's going to happen to them. i reserve the balance of my time. the chair: the gentleman reserves the balance of his time. the gentlelady from illinois. ms. bean: i yield 2 1/2 minutes to the gentleman from michigan. the chair: the gentleman from michigan is recognized for two minutes. >> thank y

. >> now, from london, prime minister's questions from the british house of commons. david cameron defended his government's proposed budget set to be released this week. harriet harman pressed the prime minister on the budget. the prime minister was also asked about troops in afghanistan and the future of britain's manufacturing industry. the two soldiers died yesterday. we send our condolences to their family and their friends. perhaps, today, in particular, to the doctors and nurses that worked alongside them. mr. speaker, -- they would enjoy him that luxury themselves. >> can i thank my hon. friend for that suggestion. he knows that i share his views about the need a response to crime. the last government left us absolutely no money. what i would say to my friend is that we have to address the failures in the system, the fact that half of all prisoners in britain are on drugs and the fact that more than 1 in cannes are foreign nationals that should not be here in the first place and the fact that 40% of them commit another crime. that is the record of failure that

seeing bp stock falling in london trading this morning. nordstrom rack plans to open another store in the area this summer. a new store will be opened in the annapolis harbor center. the only other nordstrom racks are in maryland. it will hire about 70 people. trading finished on friday in the green. the bloomberg maryland index moved slightly higher. new jersey is fighting back. residents and businesses are tired of all the jokes. they have started a website to rally those who are tired about all the put downs from pollution to political corruption. there are companion facebook and twitter pages. i'm jane king for wbal-tv 11 news. >> being proactive there. 6:19, 69 degrees. another check and weather and traffic straight and. >> the orioles got a rare win on saturday in san diego. could they make it two in a row? >> we are still taking your answers to our water cooler question of the day. do you think limits should be placed on the use of cartoon characters to market junk food? e-mail your response to watercooler@wbaltv.com. >> here is a l

. ♪ >> now from london, prime minister's questions from the british house of commons.his week, david cameron defended his government's proposed budget said to be released this week. acting labour leader. armand tested the prime minister on how he would cut the budget. >> questions for the prime minister. philip davies. >> number one, mr. speaker. >> mr. speaker, i am sure that the whole house will wish to join me in paying tribute to the royal marine of 40 commando who died from wounds sustained in afghanistan at the queen elizabeth hospital in birmingham on monday, and to the two soldiers from the 1st battalion the duke of lancaster's regiment who died yesterday. we should send our sincere condolences to their families and their friends. we should pay tribute to the exceptional work of our armed forces serving in afghanistan and, perhaps today in particular, to the highly skilled doctors and nurses who work alongside them, and those who treat the injured personnel back in the uk. this morning i had meetings with ministerial colleagues and others. in addition to my dut

and 2008, for every private sector jobs created in the north and the midlands, 10 were created in london new approach. when that empowers local leadership, generates local economic growth, and promotes job creations in all parts of the country including wales and scotland. we will publish a white paper on how we intend to deal with these issues later in the summer, followed by consultation paper on rebalancing the economy of northern ireland. and as a step toward rebalancing our economy, we are announcing support for those regions more dependent on the public sector. first, even when money is short, we will commit to these important regional transport rogers -- the upgrade of the tyne and wear matter, the extension of the manchester metrolink, the redevelopment of birmingham new street station, and improvements to the rail lines between chef flop -- to sheffield and between liverpool and leeds. we will create all large regional growth fund to provide finance for regional capital projects over the next two years. we will announce the details shortly but priority will be given to projects

in fact, you're coming to us from the o2 arena in london where you'll be performing.n that kind of tour? >> it's a wonderful pressure. it's the most amazing pressure. it's not like any other kind of pressure. it's not under pressure, it's not water pressure. it's not pressure cooker. it's just wonderful. it's miraculous. i'm so blessed. i look out into the audience and i scream and cry, and we sing and we cheer and we dance. and i can't believe that 17,000 people singing my lyrics or that even know my name. and i'm so -- i'm so grateful, larry. i can't say enough about my little monsters, my beautiful fans. they inspire me so much. i've been writing my new album on the road every day. it's been a wonderful experience. of course, i always want to be better, but not a bad pressure. a good, wonderful pressure. >> larry: how do you come up with the little monsters idea? what does that mean? >> well, i wrote the album "the fame monster" which is the second album. and when i had finished, i realized that i had written each song about a particular fear that i had come across

i've been many times to kobe sawyer and new london, of course, a beautiful community.o joining kobe sawyer college he served as dean of the law school at university of tennessee. as i recall you taught admiralty law. is that correct? >> correct. professor, please go ahead, sir. >> chairman leahy, ranking members sessions, senator whitehouse and other members of the committee, thank you for inviting me to appear here today. my name is tom galligan and i'm the president of colby sawyer college in new london, new hampshire. the staggering consequences of the oil spill in the gulf of mexico force us to ask whether our laws are fair, consistent and up to date. do they provide adequate compensation? do they provide proper incentives to ensure efficient investments in safety? sadly, an analysis of the relevant laws reveals a climate of limited liability, undercompensation and the possibility of increased risk. let me begin with a discussion of wrongful death recovery for see men under the jones act and anyone killed on the high seas under the death on the high seas act. both

shares in the company had been plunging in london. meanwhile, stock futures are tumbling after that enough fell to a new four-year low. two pakistani intelligence officials are offering more details on the death of a top al qaeda figure, saying that the qaeda figure, saying that the man was killed and a u.s. missile strike may 21 in the north waziristan trouble area, and al qaeda itself confirms that the third ranking official was killed along with members of his family. finally, the 40-year old son of the former abc anger ted koppel was found dead in a new york city apartment. the cause of death has not yet been determined. now "washington journal" continues. host: we want to welcome todd tucker, the research director with the global trade watch. our topic is nafta. and also daniel griswold of the cato institute. what impact do you think that nafta will have on the u.s. economy? guest: it has been in effect for 15 years. i think the impact has been positive. more importantly not only on the economy, but on foreign policy. the u.s. is

and in this country, when we see an event like times square or an attack on the london subway, we have had the luxury of moving on to other things like health care or the environment. we only see this adversary episodic late in connected tax. -- episodically in connected attacks. the end is over the course of decades or centuries, a period of time that is hard for us to understand, too formant -- to for meant a revolution. we should not ask -- we should ask the questions that they are asking. are they forming a revolution or not? this is not just in conducting attacks. the power is in persuading others to think and act as they do. and is notable that the attacks of september 11 were focused on not just killing people but focused on the idea of america's par projected overseas. yet a military target, the pentagon, the white house, and a financial target in new york. those people said we have a committed and smart adversary. i suspect people would think they are misguided nuts. they are not at the leadership level. they thought, how do we get america to move out of our turf? had we persu

>> he was a scottish aristocrat who came down to london to have a good time when he was in his early 20's. he wrote a very enjoyable diary. he was also a collector of great men. he had a very judgmental father. his father was a scottish judge. we would say he was looking for a father figure. he fastened onto johnson and made johnson his hero. he wrote down extended conversations that he had been present at that johnson had presided over. it is kind of an amazing recreation of the voice and spirit of this hero of his. >> what got you interested in this? in following rousseau or johnson or tocqueville? >> i never stopped being a student. i always wondered whether that was a little cowardly of me. i just kept getting degree after degree. i love teaching. i am always interested in ideas and where they come from. that is why i do something like biography. when i wrote that book about rousseau, here was a person who had worked as the lowest household servant and experience every kind of discrimination. when it comes to himself as an intellectual writing books, he was really pouring his sou

seems to me from what i know about you that this sort of have a creative tensionlong the lines of london and mccurdy. i wonder about the political tension that came to bear when you were working on the watergate project and how you think that might have had a positive or negative impact on the work you did. >> good question. >> i think both of us would say today that team reporting and group reporting can produce results and give you an extra element that is pretty hard to beat. in our case, we asked this question for the first time a few minutes ago. if it had been two different people come up with the same results have occurred? i doubt it. maybe but i doubt it. things happen on our own time. rticular circumstances. and our case, there is no question in this time in place there is a remarkable synergy, what ever you want to call it. a complementary blending of skills, deficiencies, that everything worked right. >> we are dear friends. as you can see, there are still disagreements. did you notice? [laughter] we come at things in a different way. >> which is terrific. >> at the beginning

people in london didn't like it. that affected you. what are you going to do?t monologue? >> oh, no. my career continues with public stand-up appearances. melissa and i have a new show "mother knows best". >> larry: television show? >> television show. i'm moving in with her because i'm thinking about coming back to california so i'm going to test it with melissa. poor melissa. and how did you get so rich is going to its third season. so all good -- qvc, god bless qvc and my ladies. >>arry: you are a mogul. >> well, not really.

. >> holman: in london u.s. defense secretary robert gates insisted it's not too late to stop the iranians from developing a nuclear weapon. he said the clock is ticking. >> voters in 12 states headed to the polls this primary tuesday to determine the fates of senators, house members, and governors. primaries or run-offs were underway from maine to california, georgia to north dakota. in california's gubernatorial race, republican meg whitman, a former e-bay executive, already has spent more than $70 million in her bid against state insurance commissioner steve poizner. in south carolina voters are choosing a successor for republican governor mark sanford in a race charged with allegations of infidelity against one of the candidates. opening statements in the federal corruption trial of former illinois governor rod blagojevich began today. a federal prosecutor alleged blagojevich was part of a series of illegal shakedowns. he has pleaded not guilty to trying to profit from his right to pick someone to fill presi

in london, british prime minister david cameron also urged israel to lift the blockade. but in new york, while expressing concern for the polite -- plight of palestinians, joe biden voiced support for israel. he spoke with pbs's charlie rose. >> you can argue whether israel should have dropped people on to that ship or not. but the truth of the matter is, israel has a right to know. they're at war with hamas. has a right to know whether or not arms are being smuggled in. >> woodruff: meantime, international mideast envoy tony blair said the blockade of hamas-ruled gaza has been counter-productive. >> my view is the blockade of gaza has to change, to stop. we need a better policy for gaza. but we needed that even before this incident occurred. >> woodruff: in jerusalem, israeli prime minister benjamin netanyahu insists lifting the blockade would open the door to illicit arms shipments to hamas. >> ( translated ) : now the rockets and missiles that iran is trying to get into gaza-- and some are already there-- at aimed at tel aviv, and jerusalem. it is our responsibility a

its stock plunged 11% in london trading today before ending with a los of 7%. the company's shares rallied in new york after yesterday's 16% loss. since the spill began, b.p. has lost half its total worth. back in washington, the political pressure kept building after a white house meeting, house speaker nancy pelosi insisted b.p. will pay everything it owes. >> b.p. must be held accountable. they must be held accountable in terms of the taxpayer. there are expenses that we are incurring as a government that they must pick up. >> woodruff: the house also voted today to eliminate the $100 million limit on how much the coast guard can spend on cleanup costs. the disaster began in april when the offshore rig deepwater horizon exploded and sank. today president obama met with relatives of the 11 workers killed. >> i think we all walked away from our meeting with the president feeling very confident that everything is... that everything that he can do he will do. >> woodruff: mr. obama also turned again to what to do about energy in the long term. >> we have to move

goes to lloyd's of london. it goes overseas. so if they can take a percentage that have reinsurance money, put it in a state catastrophe fund and that grows interest over the years in a nonprofit, tax-free fund, and it builds up, then our goal is to have a fund like that that would then create a market for other companies to come in to lower the cost of a premium, lower the dubblingtible so people could afford it, to create that competition. the other goal, which we have legislation in congress right now in the house, is to pass a national backstop that would be funded by the industry that would grow, then if a state got overwhelmed from their fund, they could borrow off the national fund, and as the state's found grew back, they would pay that back to the fund. i want to tell you, folks, people along the gulf coast and the east coast all the way to new york, and the middle of the united states, the west coast, insurance premiums are so expensive. and it's not a bailout. the bailout comes when people don't have insurance and the

and lo and behold, we got a name, we tracked that name down, we found a person in london. we asked him if he still had footage. lo and behold, he had 20 hours of it. it's a lot of shoe leather. >> where were you based and how many people would work on something like this documentary? >> i'm based in new york city. i live in the great state of new jersey. and i have an office in chelsea+ in new york city. we have a very small core of dedicated crew. i'd say the core group is about six people. it stands massively to be about 50 by the time you bring in cinnmatographers, assistant editors, the people who mix the film, some of the outlying researchers. we employ people sometimes in different places all over the world to do this or that for us as we're putting something together. >> here's some more familiar faces. it's a republican national convention. don't have the year. maybe you can remember it. and some faces that we haven't seen for a while. let's watch this and ggt your reaction to it. >> ladies and gentlemen, the republican national committee, jack abramoff for purpose

. >> suarez: in london today, bp's board considered the escrow issue as well as u.s. demands that the company suspend second quarter dividend payments. some further analysis now >> suarez: some further analysis now about the idea of an escrow fund and its basis in law from a pair of attorneys. steve yerrid is a trial lawyer who was appointed as a special counselor to the state of florida last week by governor charlie crist. he will advise the governor about legal issues related to the spill. and daniel farber is director of the environmental law program at the university of california, berkeley, law school. steve yerrid, let me start with you. can the government under current law compel bp to start an escrow fund? >> well, ray, we're clearly on new land right now, a frontier that was created after the valdez oil spill. what i think they're going to do is premise it upon the responsible party connotation and the oil pollution act which was passed in 1990 which makes the responsible party liable for all the damages and the clean-up. what they want to do now is front-end

defense secretary robert gates reacted to the removals while en route to london.he said they do not signal trouble for the afghan government, but urged karzai to appoint successors "of equal caliber." officials in egypt today declared israel's blockade of gaza a failure. an egyptian security official said his country will keep its border with the palestinian territory open indefinitely. meanwhile, the israeli navy shot and killed four palestinian divers off the coast of gaza today. they were believed to be planning a terror attack on israel. the militant group al-aqsa martyrs' brigades said the men were members of its marine unit training for a mission. chrysler recalled some 600,000 minivans and jeep wranglers in the u.s. and 100,000 abroad. the vehicles have brake and wiring problems that could lead to partial brake loss and fire, the national highway traffic safety administration said. the recalled wranglers were built from may 2006 through august 2009. the minivans were assembled between february and september 2007. chrysler said neither problem has caused any

the bankruptcy court here didn't have jurisdiction in london or tokyo. those have not been tackled. host: next call from deer park, washington. independent line. joshua? caller: good morning. i was going to take a completely different tact. i find how very nervous your guess got with international provision. we're not dealing with fractional reserve banking. some say the credit default swaps were one kwa drquadrillio. we see a collapse that might be created on purpose. i know nine people that have not paid a dollar. not paying property tax or mortgages and no one is even coming after them. our system is going to collapse. i want to ask you a personal question. can i ask you a personal question. host: josh , go ahead. caller: does your guest have and advanced college degree and in what? host: mr. yalman onaran? guest: yes i have two masters. one in international affairs. >> any response to his points regarding mortgages and international finance that he discussed earlier? guest: he pointed a good thing i hadn't thought about which is the derivatives regulation that in the financial r

host: london, england, go ahead. we're glad that you. good afternoon. obviously there has been a lot of cautionary questioning when i really do think that turkey in the next four years, they have a strong possibility of becoming a european bloc member. what i would like to ask is do you not think it might be time for the united states to actually start working to try to help the people of iran peacefully? to force a regime change their? outside spending two weeks there on a package holiday, should the u.s. not be more positive in educating its people towards iran and the graham -- and the greater released as a whole rather than the anti-turkish rhetoric that seems to be coming out? something in a country that supports america throughout the cold war? host: hazmat you was asking his question, we got this letter, "obama should do what? start another unfunded war with iran"? guest: there is an interesting draft from 1978 where you compare the turkish economy to the iranian academy -- the economy, the turkish economy has taken off and the iranian economy ha

from london, this is about one- half hour. >> statement secretary of state. >> thank you, mr. deputy speaker. i welcome you to your position. the house will wish to join me in expressing our deepest sympathy for those three very injured in the explosion in the gulf of mexico. and for all individuals and communities affected by spilling oil or fearing that thhy will be affected over the days and weeks to come. our thoughts must be first with them. on the 20th of april, an explosion and subsequent fire on a drilling rig operated by trans ocean under contract to bp in the gulf of mexico effectively killed 13 workers. it sank. substantial quantities of oil were leaking into the ocean. the blowout preventer, which should have sealed the leak, failed. the causes of the accident and now -- of the accident are now subject to a u.s. presidential commission of inquiry and to civil and criminal investigation. there has never been such a large fleet of oil so deep in the ssa. attention of the -- attention by bp and the direction of the u.s. authorities to seal the leak have been unsuccess

in london last year, which our action to prevent an even larger economic catastrophe to put our economy is on the path to recovery, and preserving our systems so that the crisis that we were emerging from never happens again. this year we went further, moving beyond the old economic cycle of boom and bust, by committing our nations to a new framework that is balanced and sustained as well specific financial reforms. our bold action has succeeded. in the united states, we are committed of all two leading by example. because of the steps we have taken, we are growing again and this growth is translating into job creation. we're poised to pass the toughest financial reform since the aftermath of the great depressson. globally there's economic growth. trade that, did it is rebounding. we have pulled ourselves back from the brink and begun to move forward with economic recovery. but as we all know, that is not good enough. too many people are still out of work. to many economists -- too many -- the demand for goods and services is still too weak. history teaches us that growth and prosperity

in our first meeting in london with the world in the grips of the worst financial crisis of our times, we acted boldly and swiftly to bring our economy back from the brink. at our second meeting in pittsburgh our recovery beginning to take cold, we agreed to work to get a balanced pattern of growth and prepare for our financial systems. this weekend in toronto, i hope we can build on this progress by coordinating our efforts to promote economic growth, to pursue financial reform, and to strengthen the global economy. we need to act in concert for a simple reason -- this crisis proves and events continue to affirm that our national economies are inextricably linked and just as economic turmoil in one place can quickly spread to another, safeguards in each of our nations can help protect all nations. i am gratified we have made progress toward enacting these safeguards here at home. because of the incredibly hard work of chairman dog and chairman frank and the storm -- and a strong leadership of chairman lincoln and peterson and the members of both parties who were up very late last nig

the people of zimbabwe or china or london do not vote on our laws.o why should we pay any attention to them when discerning the right judgment under american law in cases that are specifically american? >> tweeting in, kagan argued governmental motive is the most important factor. she's just another liberal who loves big oppressive got to the. caller, anne? caller: first of all, mr. hillyer i want to thank you for the washington times. i read it online and i really, really enjoy it. read it err monday through friday. most of my information has come from your editorials. and there are so many things, in fact,, that she has not been a real judge. and her eliteness manifests itself. partial birth abortion really gets to me, just to my heart. i was an r.n. when i was working. i'm retired now. i cannot imagine any nurse or doctor doing this. so there's so many things. but again, i thank you. and for being there. bye-bye. guest: thank you, very much. host: what's the status of the washington times currently as far as ownership and everything? guest: i real

the public spending moves that the president had to take and that other g-20 nations made in the london summit last april and the huge infusions into banks which was absolutely necessary to sort of save the financial system so that we aren't in as bad shape today as we could have been for sure if those have been for sure if those actions had not been taken in london last year. i think you have to be careful not to misinterpret those as idea logical moves on his part. i mean, if anything, it seems to me that president obama is a mag mattist and he moved -- pragmatist. pragmatist. and he moved with the facts. he didn't move with the mindset of coming to office to say, ok, i'm going to be the big tax and spend democrat. it seems to me that he is interested in using the government as a way of resuscitating the market economy, not destroying it. host: let's take this call from indiana on our line for democrats. mike, go ahead. caller: good morning, fellows. guest: good morning. caller: my question again is for mr. bradford an it again has to do with the united states. for one thing, i think