we're supporting economic growth long-term and short-term. have unlimited resources. we have to make choices. governing is about recognizing that we have limited resources. i do not believe it is a permit prudent 8 -- a prudent use of resources to borrow huge amounts of money to make possible the extension of those tax cuts for the short term. if people that there is a good taste for more stimulus for the economy than we should have a debate about what the best form of stimulus is. economists across a broad spectrum of the political spectrum in the economic profession would not write those tax cuts of the top 2% and were close to the most powerful forms of stimulus. we have to make sure that every judgment we make that takes a dollar of taxpayer resources, a dollar of limited borrowing authority to support the economy, we are using to support things that have a high return. you know the economic arguments. i don't think there is a good argument to make that the best use of those resources is to extend those tax cuts for the high end. we think there are a good alternat

the long-term solutions include some of the ones i outlined before. short-term remedies beyond the ones i have talked about would include an effort to establish a protocol for short sales and/or principal reduction which should be a useful tool. and the last obstacle is the uncertainty factor that i mentioned. we need to solve all long-term challenges, but the uncertainty around the implementation of the legislation and the solutions we have adopted, i think to some extent, it weighs and consumer decisions to hire, span, buy homes. the market participants aren't used to thinking that political gridlock is good. it keeps politicians from interfering with the marketplace. today gridlock is more likely to be bad for markets as a long- term problems require solutions with political action. long-term solutions require bipartisan leadership. mr. chairman and ranking member gregg, your work as commissioners on that deficit reduction commission is critical. i know you agree that crafting a long-term credible plan as you just mentioned to restore fiscal sustain

this is the long-term unemployment re. we have gone back 60 years. you can see the level long-term unemployment relative to the labor force is well above its previous peak and w above the experience we have had over most of the. . -- our most of period . we now -- our projection of the unemployment rate after we think we are back to the potential level of output is 5.0%. a couple of years ago it was four 0.8%. we of actually nudged up our projection of lower german unemployment rate in part for this reason. there is a box in the economic factor that talks about lingering effects of the recession. this is one of the effects we discussed there. i think it is very uncertain at this point how significant the longer-term effects will be. there are more straightforward effects through lower investment. it lowers our assessment of potential output. that is more strghtforward because it is mo familiar and the possible effect on the labor market of long-term employment. we have talked in other reports we have done abo the need in th recovery for there to be n

he makes it clear that we're in this for the long term in terms of having a long-term partnership with them. iraq will not need tens of thousands of four since at the end of 2011. what they're going to need its continued training and assistance in a way that a robust office of security cooperation will be able to provide. i do think in that context, one thing we should beat thinking about collectively in town is as we think about the current request we have been making for the iraqi security forces, i think we need to think about it in terms of two things. one is what is necessary to build capability so that the drawdown can be conducted an irresponsible manner? the second is, what is necessary to signal that we're in this for the long term and have a long term interest in developing relationships with them and then getting integrated into our types of weapons systems and joint exercises and all sorts of other things that we do through the region? i think the more we are able to signal by putting real dollars on the table, and not only helps build the security forces but the signals ar

we developed a scenario in other contexts or long-term projections. here is a permanent extension of those cuts. >> on unemployment, there is some talk that the jobless rate has not bounced back as much as expected given the rate of gdp growth in the last year or so. is there really expectation -- where you stand on that possibility that there will be some kedge of growth in joblessness? is that a relationship that was the rise to correctly? >> the unemployment rate has been higher the last couple of years than any economic models would have predicted, given the behavior of gdp. a number of economists have wrestled with that puzzle. it has been partly resolved by downward revision to real gdp growth, annual revision to the national income accounts. it still seems higher than we would have predicted, given the level of gdp. there are a number of hot-button issues for that. even the current estimate of real gdp growth is not right. another reason our assessment of the potential level of gdp growth is incorrect. when one thinks about the unemployment rat

the long-term solution includes policies to keep students in school and provide access to education, reorientation of our higher educational system toward vocational training and immigration reform. in terms of short-term remedies beyond unemployment insurance, one remedy would carry training and basic skills with income support. two other groups speaking -- seeking unemployment are newly minted college students and unemployed teachers could be an ideal nucleus for a drop ginning -- a job training program. the third obstacle is related to housing. negative equity of bonn -- among nation of homeowners leads to lower mobility rates. 1/3 less according to one study. long-term solutions could include the ones i have outlined before it short-term remedies beyond the ones i talked about would include an effort to establish a protocol for short sales and/or principal reductions. the last obstacle is the policy of uncertainty factor pe. the uncertainty of around the implementation of the legislation solutions we have adopted i think to some extent is weighing on business and consumers to hire

it affects our long-term ability. senator collins and senator snowe stood up and joined 59 others in ensuring we would take some of those steps. this is something that was of great importance to the house. it is our hope that we can get something to the president's desk that can prevent those tens of thousands of teachers from the late dr. de >> do you think the president like to see it this way? >> as quickly as he can. >> iran got 300 antiaircraft missiles from belarus. >> of belarus has denied that. i would point you to that report. >> said mr. mcconnell and the present are meeting this afternoon on judicial nominations -- and the president are meeting this afternoon on judicial nominations. >> they are ecstatic a bipartisan meeting that happened a week ago where the president is frustrated by the pace at which the senate deals with nominations for judgeships and nominations for service in this government. right now there are 12 federal judicial nominees that have passed the judiciary committee with a unanimous vot

what is the long-term impact from the long-term response to the long-term assessment and recovery? that is the long-term assessment model from the 1990's. that is where the long-term implications -- when they get dispersed to a certain point, it is not a clean-up issue. it is the long-term impact on the environment. how do we measure that? what are the mitigating measures you would take to do that? how does bpa compensate the nation and the people in the gulf. it is almost a tactical decision. when did you say we are going to pull back and for this purpose, this section of beach is done until we get an indication that we have to come back? >> having that response is helpful. i guess i am trying to determine what qualifies as a measurable effect that qualifies -- that requires a response. is there going to be a scientific formula? >> there will be a transition plan that will be signed by the federal on scene coordinator. to the extent that we need something at the parish level, -- pensacola is largely beaches. another one is largely marshes. we will take that into account in the tra

research will continue into the long term. getting better understanding not only for our decisions, but to make sure we get it to the american public as quickly as possible, is one of our primary goals in accomplishing our mission of human health and the environment. >> thank you for their work on this issue. mr. kramer. >> thank you. the question that we are very often asked in fda is, what should a consumer do to make sure that their next meal of cold seafood is safe? -- of gulf seafood is it safe? the answer is that they do not need to do anything. that is the job of fda. and we are confident in the the program that the fda has put together. we are confident that the consumer is sufficiently protected and that they need not take any steps to protect themselves from the seafood. it is essentially at the same level of safety that it was before this bill. having said that, we recognize that this "-- before this spill. having said that, we recognize that this is an unprecedented event. looking at the long-term safety of this so

that will make the long term tracking a lot more informational in the future.hat is really not happening now. i think that it should be done as a way of augmenting the information being gathered with the fishing is now being permitted. it is there that i think people have the greatest concern -- where the oil is most heavily concentrated, people want the most information gathered. so that there can be a long-term understanding, not only on the fish, but on the eggs, the ecosystem at the bottom of the ocean, the dispersants and the oil as interesting, not only with the fish able to process the dispersant through their system, but others that process it less quickly. in my opinion, all that could be better understood if we did massive testing right now where the fishing areas are still closed. >> would you eat the gulf coast seafood now? >> i would eat it where the epa has determined it to be saved. i have had seafood every day for the past seven. i think we have to have some confidence that where the fda is acting, they're acting in the best public interest. but

the international community is in this for the long term. the eu will work with pakistan to mitigate the impact of this disaster on the daily life and well-being of the pakistani people. mr. president, the european union and pakistan share a long- lasting friendship. last june, the second e u- pakistan summit set the basis for a strategic dialogue, which includes the promotion of disaster/risk reduction and the effective provision of humanitarian assistance. before this disaster, the european union have already allocated more than 400 million euros in assistance to pakistan for 2007 through 2010, on economic development and trade, as well as on governance and human-rights. today, i can say that the european union steps up considerably its support for pakistan and the pakistani people. since the beginning of the crisis, the eu and its member states have already committed over 110 million euros, and i'm pleased to announce that this amount will be increased by 30 million euros. this means in total that the european union has committed more than

think the planet they're setting out there right now saying they're going to you know invest in long term government debt with all those mortgage bonds is that actually going to work is that going to save us for a while keep us afloat. it's not going to work this is a short term solution to a long term problem that they need to be dealing with and this is something that not the fed the fed can't even deal with itself so they're going to keep the balance sheet as is paul crewman said today that he wants them to expand the balance sheet that's probably good for quantitative easing measures that's something they need to do to tackle the problem but the reality is this is a structural issue the unemployment numbers in the u.s. are not going to be solved by simply loosening monetary policy and putting more money in the system the federal government needs to act and push more fiscal stimulus how they do that is unknown as of yet it's not going to happen until november because the election cycle is happening right now and there's no way the obama ministration the democrats are going to suddenly

the international community is in this for the long term. the eu will work with pakistan to mitigate the impact of this disaster on the daily life and well-being of the pakistani people. mr. president, the european union and pakistan share a long- lasting friendship. last june, the second e u- pakistan summit set the basis for a strategic dialogue, which includes the promotion of disaster/risk reduction and the effective provision of humanitarian assistance. before this disaster, the european union have already allocated more than 400 million euros in assistance to pakistan for 2007 through 2010, on economic development and trade, as well as on governance and human-rights. today, i can say that the european union steps up considerably its support for pakistan and the pakistani people. since the beginning of the crisis, the eu and its member states have already committed over 110 million euros, and i'm pleased to announce that this amount will be increased by 30 million euros. this means in total that the european union has committed more than

that will make the long-term tracking a lot more informational in the future. that is really not happening right now. i think that should be done as a way of augmenting the information being gathered where the fishing is now being permitted again. it is there that people have the greatest concerns, where the soil was more heavily concentrated. people want the most information gathered so there can be an understanding in the long term of the impact, not just on the fish, of on the seafood aches, the co -- of the seafood egg cup of the ecosystem at the bottom of the ocean, not just the fish that can process the dispersant. there are others that can process it less quickly. we would have a better understanding of it if we made massive testing of it right now where the fishing is still closed. >> have you did you have been asked whether you will eat golf seafood. have you answer that? >> i have had seafood every day for the past seven days. i think we have to have some confidence that, where the fda is acting, they are acting in the best public interest. i say that

long-term tr >> and we know there's this long-term trend out there. thanks very much.d,ill ahead, 1900 calorie 1900h, a ranking of the fattiest fast food. lunch, a food.r favorite on the list? is your favorite on the list? ,9 lunch, a ranking of the fattiest fast food. is your favorite on the list? stopping. it's not that hard. and only allstate pays you an extra bonus to do it. get one of these every six months you go without an accident. [ judy ] what are you waiting for? call or click today for a free quote or to find an allstate agent. an everyday moment can turn romantic at a moment's notice. and when it does, men with erectile dysfunction can be more confident... in their ability to be ready with cialis. with two clinically proven dosing options, you can choose the moment that's right for you... ... and your partner. 36-hour cialis and cialis for daily use. cialis for daily use is a low-dose tablet... you take every day, so you can be ready anytime the moment's right. day or night. tell your doctor about your medical condition... ... and all medications and ask i

in an ideal world, we would have a long-term care system that would be accessible to everyone. but until such a system exists, the most viable options are those that allows the current system to be tweaked. the hope is to use existing funding streams in more creative than integrative ways than the current systems allow. those are some of the recommendations my colleagues have been discussed which can be implemented. thank you moshiri get -- and thank you. [applause] >> good morning. i am with the alzheimer's association, and i am the share of the education and prevention subcommittee. -- and i am to chair the education and prevention subcommittee. there is a tremendous amount of work in a short amount of time. the goal of our group was to talk about how can we educate those living in san francisco so that we can address issues related to alzheimer's and related disorders. our goal was to change attitudes in a positive way, to change believe, to address sigma -- i just did not, and improve outcomes. that was our task. the key guiding principles we were looking at it based on pau

they could do purchases of long-term bonds. they can raise their inflation target which, you know, ben bernanke when he was a princeton economics professor advocated for japan when it was in a similar situation. >> brown: explain, to the audience what that means and what impact it would have. >> sure. the fed has... it has in its mind and more or less publicly an idea what it wants the inflation rate to be over the next five years. that's believed to be about 2%. if the fed were to make it known that look, we actually think it should be 3% that would at least give some incentive for people, corporations that are sitting on piles of cash, to say you know that cash will be less. we should spend more. make it a little bit more attractive for people deciding we have a good investment project but they're not really sure whether they should borrow for it. it will make them think t will be easier to service that debt. it's something that can move decisions at the margin. there is a whole list of things that the fed can do. they are al

long term. even agreed researcher knows that once you do the research, you have to wrestle with it. you have to marinate on it. if we are not wrestling with data or information, long term, how do we benefit from it? >> that is a good question. i think as a society, we seem to be moving from the definition of intelligence that once looked at the gathering stage where we find information but also put a lot of stress on thinking deeply about the information we found, and we are moving from something that puts all the stress on gathering information and making sure we are bombarded by information, and we are losing that focus on deep thinking about one thing. unfortunately, i think the ability to tune out distractions and focus on one thing really underpins the richness of not only our intellectual lives but the distinctiveness of ourselves. i think we become less interesting as individuals if all we are doing is gathering information and moving around the web, and i think you could also argue that

that is one of the key things in keeping someone in the community. >> i am a member of long-term carewant to commend the group on its work. there's been a lot of environmental research done on environmental causes of dementia, and i want to recommend that that be included in the recommendation strategies for management. thank you. >> just to piggyback on that, we have done a great job of looking at the current reality, but when you look at the cause, it would be good to have feedback for what is the right route cause for alzheimer's, and what will help? if we can get to the cause -- and one of the ideas with nutrition is an alternative that would be considered an important concept, advocating a vegan or a rock diet. a book called the time that study -- that china study talks about increasing the idea of getting at diseases such as alzheimer's. >> the way to provide polio care was developing a vaccine. and i know that the bucks center in marin and a lot of scientific centers are desperately trying to figure out how to deal with they<&f disease and come up with actual disease modifying

interest rates and long-term interest rates are what make the economy move.nd if this budget problem eventually merges to the point where it begins to become very toxic, it will be reflected in rising long-term interest rates, rising mortgage rates, lower housing. at the moment there is no sign of that because the financial system is broke and you cannot have inflation if the financial system is not working. >> mayor bloomberg, let me talk about the tax cut debate gripping washington right now. political stupidity u.s. style is the headline. can a nation remain a superpower if politics are stupid? start with taxes, he writes. in every other serious democracy, conservative political parties feel an obligation to match tax policies with spending plans. david cameron, the new conser conservative prime minister in britain offered a budget that includes severe toughbaccutback. alongside cuts he added value to the tax. imagine a fiscal conservative who really is a fiscal conservative that could never happen here because the fairy tale supply side economic insists t

, whatever that long term is. the difficulty is that they have a hump to, ah, get past which is, which is the economy these days. and so the question for a lot of these companies is, whether they can survive the recession. >> so, john hoffmeister points out that 2% of our energy is coming from alternative sources, ah, yet the obama administration would like to see, a 25% of u.s. electricity coming from alternative sources, ah, by 2025. ah, is there a mismatch here? is this, is this something that's even possible? michael. >> getting 25% of electricity from renewable sources by 2025 is a stretch. i think that we can expand our use of renewable energy, substantially. ah, we can shift in our vehicles from liquid fuels to electricity, particularly in our cars and our light trucks, not entirely by then, but to a substantial degree and we can really get the momentum heading in the right direction. at the same time, we need to be looking at other alternative sources of energy. the alternatives aren't just renewable sourc

. >> woodruff: then, paul solman has a report on america's long- term unemployed those out of work for more than 99 weeks. >> i try and survive. i try to find a job in an economy where there aren't jobs that is what i do for a living. >> suarez: cull up nist ruth >> suarez: columnists ruth marcus and michael gerson sitting in for mark shields and david brooks analyze the week's news. >> woodruff: and, betty ann bowser has the story of two, classically-trained chefs giving public school lunches a healthy makeover. >> the issue is not the kids won't eat it. the issue is the adults think the kids won't eat it. and it is almost universal that we see the kids really do eat it >> woodruff: that's all ahead on tonight's "newshour." major funding for the pbs newshour has been provided by: and the william and flora hewlett foundation, working to solve social and environmental problems at home and around the world. and with the ongoing support of these institutions and foundations. and... this program was made possible by the corporation for public broadcasting. and by contributions to your pbs

problems am but the long-term problems are not the problems of 2030 and 2040, the long-term problemsre the problems of 2011 and 2012. what can we do to get people working, to get businesses hiring again, to get the country back moving in the right direction now that we have had the good luck, the good fortune of avoiding the calamity of a second great depression. >> charlie: what can you do to the political system so it works rather than restricts policy options. >> i think that's very difficult. there is lots of talk now about how the rules of the senate and how the members of congress -- how the congressional districts are drawn and stuff like that but i don't think the political environment is going to get much easier for president obama. we have every reason to believe he will face more republicans and they're not going to be the kind of republicans who would like to sit in a meeting room and do a mark-up and cut a deal on some tax reform. they are people who represent the angriest parts of america. the people who are most suspicious of elites because of what we have been through

we developed a scenario in other contexts or long-term projections. here is a permanent extension of those cuts. >> on unemployment, there is some talk that the jobless rate has not bounced back as much as expected given the rate of gdp growth in the last year or so. is there really expectation -- where you stand on that possibility that there will be some kedge of growth in joblessness? is that a relationship that was the rise to correctly? >> the unemployment rate has been higher the last couple of years than any economic models would have predicted, given the behavior of gdp. a number of economists have wrestled with that puzzle. it has been partly resolved by downward revision to real gdp growth, annual revision to the national income accounts. it still seems higher than we would have predicted, given the level of gdp. there are a number of hot-button issues for that. even the current estimate of real gdp growth is not right. another reason our assessment of the potential level of gdp growth is incorrect. when one thinks about the unemployment rat

the long-term solution includes policies to keep students in school and provide access to education, ntation of our higher educational system toward vocational training and immigration reform. in terms of short-term remedies beyond unemployment insurance, one remedy would carry training and basic skills with income support. two other groups speaking -- seeking unemployment are newly minted college students and unemployed teachers could be an ideal nucleus for a drop ginning -- a job training program. the third obstacle is related to housing. negative equity of bonn -- among nation of homeowners leads to lower mobility rates. 1/3 less according to one study. long-term solutions could include the ones i have outlined before it short-term remedies beyond the ones i talked about would include an effort to establish a protocol for short sales and/or principal reductions. the last obstacle is the policy of uncertainty factor pe. the uncertainty of around the implementation of the legislation solutions we have adopted i think to some extent is weighing on business and consumers to hire and r

we have long-term commissioners dr. david sanchez, dr is here. and now it is my great pleasure to introduce the president of our current commission, jim miller. >> what a great day for the public health of san francisco. first of all, i want to thank dr. hatz for all of his hard work to bring us to this day, and i want to acknowledge the current and former members of the commission who are here today. each of them has worked hard to champion this project. and we have forked together as a health commission to review and support each of the many steps it took to create the state of the art facility for the free list and most honorable of our citizens. i want to recognize those who designed and built and managed this massive project and overcame the many challenges to bring it to completion. and i especially want to honor and think the staff -- honor and thank the staff of our public health department, who work every day to provide care and rehabilitation for these patients. now you, the staff of laguna honda, finally have a facility to match your e

we recently had a long-term tenant, i think it was the fbi that moved out. they had a long-term lease for spaces, so there are spaces available for monthly parking. >> is there any other public comment on this item? public comment is closed. commissioner lee: 75 years is a long time to have a lease. have you done analysis given the rate of increase every few years of parking rates and so forth, have you done an analysis of what lost revenue -- what kind of revenues would be loose by locking ourselves into this rate for 75 years verses' going freemarket? >> they assume a 3% adjustment annually upwards. we thought that that was a fair compensation to account for life of the lease. >> what about the mta rate increases for the crotch? could you write in to police that the rate would be the same rate that we would get that is set by the nba? >> one of the challenges is that they are making up-front payments, and it is not possible to know what the rates would be over the years. we had to make an assumption, and 3% seemed like a good assumption. commissioner lee:

what's your long-term commitment? >> it is important for bp, with this, what i think is an unprecedented corporate response to follow through. now that the oil has been capped we still have work to do to make sure the beaches are cleaned, remain clean and then we begin the restoration. that is in the best long-term strategy for bp for it to do business in the united states. it has a lot of businesses in the united states. it has many, many thousands of people that work along the gulf coast. it's in the fabric of the company. we want to be a good, corporate citizen. we want to restore our reputation. it's going to take time. we're going to learn from this accident. we're going to change many things in bp. the industry's going to learn a lot for it. i think the entire gulf of mexico energy industry will be altered by this accident. we're going to find its people, judgment, individuals, multiple equipment failures of many companies involved and we'll make sure we share all of that as well. >> tell me about the change tha

profitability, long- term solutions. but we asweek, as the city, do e that sometimes. -- we, as a city, do not see that sometimes. >> thank you. very well said. [applause] that is the reason we're holding this meeting. we want to hear from the public regarding the effects of cuts for mental health. would like to hear

few days the smell of burning still lurks in the air you have her in a quick turnover assesses the long term consequences of the disaster. from choking on toxic fumes to breathing normally once again this summer's wildfires different from those in previous years the disaster was not only widespread but highly visible especially in the capital a blanket of smoke covered moscow for several weeks so too did it envelop the country's economy to its sure the situation is very severe as about a quarter of all grain fields in the country have dried up as a result of the drought unfortunately many firms are now on the verge of bankruptcy the government has already agreed to provide financial help to agricultural producers who were faced with hard times the government responded by banning wheat exporter until beyond of the year it sent word grain prices to their highest for two years the danger is that given we've been through two thousand and seven two thousand and eight and we saw prices precede rises in other prices of commodities the danger is that financial markets start to anticipate price very

we recently had a long-term tenant, i think it was the fbi that moved out. they had a long-term lease for spaces, so there are spaces available for monthly parking. >> is there any other public comment on this item? public comment is closed. commissioner lee: 75 years is a long time to have a lease. have you done analysis given the rate of increase every few years of parking rates and so forth, have you done an analysis of what lost revenue -- what kind of revenues would be loose by locking ourselves into this rate for 75 years verses' going freemarket? >> they assume a 3% adjustment annually upwards. we

it's difficult to measure i think it's probably going to have a bit of a long term it's going to take a while before we can see the actual effects the main thing is that we don't see the price rises spread to other stable something like rice it's it's a stable part of stable a diet for nearly two billion people on the globe so that is obviously incredibly important which will prices spike dramatically in two thousand and eight and we want to see that situation we want to avoid that situation happening once again. and also it probably will have a main impact on the emerging economies because the cost of food is such a high part of my part of their total cost so that's where it's probably worth keeping an eye on. ali still hansen from saxo bank thank you very much for your analysis this hour. now another market news the agricultural bank of china has raised a record twenty two point one billion dollars for its initial public offering the country's number three lender braved falling stock markets in shanghai hong kong to become china's last major financial it's a list investors have been

july the governor will be keen to avoid seeing rising food prices play in part resurrecting the long term economic issue however the market backdrop for the short term means you will need to avoid it scaring market signals to producers and investors as well as consumers well setting apart russia's long term recall choke potential you need to do business r.t. . russia's losses due to the forest fires still raging across the country could reach fifteen billion dollars according to early estimates the record temperatures this somewhat may cost at least one percent of g.d.p. growth most of the money will be spent on restoring houses and compensation the first official figures are expected next week as part of the federal statistics before underlies industrial production the long term effect is unlikely to be known until the end of the year but some experts are already claiming the impact will not be significant. all of the direct costs like the expense of extinguishing fires because the emergency ministry has insurance costs. you will be no more than tens of billions of. good if you keep in m