it means when you graduate from college, you owe at lough money. when you graduate from college and you owe a lot of money. you need a job that pays a lot of money to pay it off. and here is a problem. there aren't so many of those jobs. not as many as there used to be. youth unemployment is dreadful. the youth misery index which somebody came up, today, i think, combine unemployment rates under 29 and student loan balances. it's at the record high. i think that's actually a moderately useful metric. you see it all the time. on tv a couple of nights ago, talking about the book. when it came out the sound man was disconnecting my microphone and everything and said you were telling the story of my life. i owe $110 ,000 and i work 70 hours a week to try to get it paid off! that's a common problem. people don't think it through. when i was in law school i had a friend paying his way through law school on student loans, and he borrowed more money than he needed to. he said i think buying lawyer rob. rob a law student buy a beer. yale law school was chea

there are at lough international companies here and opportunity venders. new businesses being started up in the south. one of the thing we see sometimes in the international who are used to traveling and different culture and end up here for a few years. they say to me, could you train the americans coming to the south. i think they have expectations that of what they're going it see in experience that are unrealistic. some are based on the fact that serve friendly and will smile. an say you must get together. people don't understand in the south it's part of etiquette. it doesn't mean they actually want you to come to their house. t a little confusing for people when they arrive. when i asked the question when i give the presentation. how many generations so you to be here to be considered a real southerner. occasionally five. i had a few people explain it needs to be ten. they have chosen to stay and be a part of the culture for a long time. there is and is of real southerners. unlike anything i've seen in the rest of the country. this list is a strategy

at lough people said their school was and other things.bout 2 or 4% said their social security number was. in these focus groups we did, kids clearly have been told do not carry your card with you, and do not ever give the number out. i think it's also worth noting they don't know their social security numbers. so it's not something they're going share off the top of their head. but they've heard this message. and that is something that -- they don't understand why it's important, they recognize that a lot of people are telling them that is something they you shouldn't share with anyone. >> if i can add one last thing. i think it's important are they more or not vulnerable. it comes down to the motivation of the attacker. certainly the attack surface, the more data we put out. whether you're an adult or teenager, you know, we don't all know where that data goes; right. but the end of the day it comes down to the some extent what the attacker wants. >> the next question i speak that. this one to ellen. you did a paper in 2011 on online iden

[applause] >> i would lough to talk some questions. but they told me you need to use the microphone. so if anyone would like to use the microphone and ask a question. i would be happy to answer it. [inaudible conversations] all right. brave soul. [laughter] >> [inaudible] it's really off topic, because it's kind of a logical question i'm sure it's on the mind of a lot of people. how did we get to the state we're in now. really, i think, rather than answering the political explanations for that, maybe a little of the history of when did this change? it seems like, you know, as late in to the '60s there was plenty of socializing going on. and i'm not sure statistically whether anybody knows now how much cross partisan socializing goes on. i'm sure some of it does, but certainly by all accounts it's a different world here. >> well, what -- >> sorry. >> tell us what you know about this. >> the 19th century was different from the 20th century and the 21st century in term of the experiences. of course, the fact it's all men in this period ma

he said, you know, actually in the state of vermont, at lough emergency planners are worried about the electrical grid. it's one area where we are concerned, and i said so what do you doing to make it stronger? it just totally halted him. because i had said we're just preparing for the day it goes down. we're doing nothing to make it sphropg -- stronger. nothing. and that's adjust little microcause m of understanding what happens when everything is about national security. the weight moves over to a kind of preparedness for stayser, for war as opposed to creating a more resill resilient, civil society. i call that reality. american coup. so today i went online because i always want to check when i say more national security and military people are doing better economically. so just let me give you some numbers that are in this book that you're going buy. first, seven of the richest 15 counties in america are in the washington, d.c., metropolitan area, and about 60% of all the job openings in america are in washington, d.c., metro metropolitan area today. 60%. that's by going to monster

because, you know, at lough -- the conversation that was happening that the time after katrina was, you know, basically about new orleans; right. and no one, i mean, not many were payings attention to the fact that, you know, the coast had been cease -- decimated. i wanted to tell that story. i wanted to see that, you know, represented in the book. i'm hoping it does a pretty good job of doing that; right. again of making -- making delisle a real place and making it to live in the imagination of the reader. [inaudible question] >> you d you find challenging as an african-american woman to complete your -- [inaudible] and find the support you need? >> let's see. i was writing short stories and working on a novel, you know, that was set in, you know, on the gulf coast in mississippi. it was set in mississippi. you know, i felt like -- let's see. so, you know, the professors at university of michigan were great. and i think they, you know, it was easier for them -- i think because of the job and they're good at what they do. it was easy for them to read, you know, my work and to figure out

they agreed to at lough interim concessions and restrictions in order to get the long-term principles that were perhaps beneficial to them. if that is the approach there might be a comprehensive agreement between the two. i don't think it will happen in the next since months. i think they both hinted at that. they're unlikely to get to the comprehensive agreement in six months, which will be july. the agreement has a trigger mechanism where they can essentially have another six months. i'm not sure if it's possible if the iranians get the right number of years in term of the expiration clause. i think that's what they're focused on. i'll stop here and, you know, move on. >> thank you. i was asked to speak in light of what we're seeing today in the mid east as a whole how it might relate offer a sirn view with a quotation. you have a schism regarding the middle east now. you schism between sunni and shia throughout the region that is profound. some is directed or abetted by states who are in contest for power there. you have failed states that are just dysfunctional. and various war lo

they have at lough issues going on and committee of spend their time on and things that happen on the floor. they have a lot of responsibilities specifically and my last closing day of my time on capitol hill. i was working on the most pressing matter before the congress. so communications issues are seemly important. i acknowledge that and happy and pleased to be the in the position i'm at. i suggest members have to balance it with the other items they have to consider and have to work on and some of those can be a little bit more timely depending on the subject matter. it is tough to balance all the requirement for a member of congress. and so working through those type of things i think when people approach member of congress about the fcc. they take interest in the matter. they know how significants to the economic growth of the imriets. they certainly go have been tasked with this farther -- further inquire about the issue raised by the member we spoke to a member. so i have a ton of leg work after the fact. over whatever question posed to the member of congress. the area of inte

at lough people who really understand digital media and how people consume media and social media thought it was misgot from the start. i thought there was some real mistakes. statement i thought it's like bell lab. he's trying something. that was something he lost many tens of millions of dollars on and shut it down as a geeze chiewr to shareholders he understood that he couldn't just do erg he wanted. he had to figure out how to do things. they ultimately weren't able to figure out whether they wanted it a walled garden that would be like a magazine that you couldn't do more than physically hand to somebody else. or whether would be a way to share it online to try to dpraw people in. if you need to charge somebody, you need to charge them for it. >> a confused presence to me. i didn't know whether i read or not. >> people inside were desperate to create a way you could share on twitter and do others. literal tweets there's cool thing my boyfriend wrote on the daily. sorry, you can't tread here. t to the actually a great advertising pitch. [laughter] so one of the other myths. people tag

commodity exporters, trek, at lough strong demand in commodity resources. and commodity prices went down the last couple of years. even during lately has been coming down. there's that problem. certain type of problem with the pressuressings pangs of policies. it went up because -- [inaudible] global economy. once it normalizes they have a g.o.p. problems. and the final type are reversing back to local growth. both are largely countries where they had temporarily boosting demand. but the type of investment is not have systemic risk domestically and that is what happens if the condition normalizes. the economy revert back to a more probably growth. it's more of -- [inaudible] what one was lead to believe. okay. and more fundamental issues. these are the issues that we raise at the g20, and i think i already overshot my time commitment. so i will be very quick. the question that we have been asking in g20 for the last year or so is the pace of recovery. is it normal? and of course the banking crisis usually it was severe then the recovery takes longer. it's n

they -- tran action monitoring -- there are at lough parts of authorization that involve checking to make sure that the -- [inaudible] procedures being confined with rules and the arguments in this -- [inaudible] in the broad prevention pocket for the issuers to avoid -- [inaudible] what we would say is what we have done in the fraud separate fraud adjustment is to limit that only to fraud -- programmatic activities that are intended to reduce fraud. not in a particular transaction. not at the transaction level but in over the entire program. >> what would be an example of someone that falls in the line of -- [inaudible] that would be the fraud monitoring. i'm sorry the transaction monitoring that we included within the interchange -- >> the training and things. >> compliance program and perhaps public announcements and outreach. >> judge williams said it requires cost the subject to -- [inaudible] set by the board. right? >> why wouldn't that also be true of monitor activities in specific transaction. like, for example, i assume you're talking about those computer algorithm that --

yesterday foreign minister lough avrov said the purpose of theconference is fermentation of the geneva i communique. no one would have believed that assad would have given up his chemical weapons, but he did, but his reason was that his patrons came to understand that he had to. i believe as we begin to get into geneva and this process that it will become clear that there is no lyrical solution assad is not discussing a transition and if he thinks he's going to be part of that future. it is not going to happen. the people who are the opponents of this regime will never ever stop. there will be a low-grade insurgency at least and worst potentially than a civil war if it continues, because they will not stop. we are not out of options with respect to what we can do to further change the calculation, and we have made that clear to the russian foreign minister and others, and nor are other players short of an ability to be able to have an impact here. you know, they can bluster, they can protest, they can put out distortions. the bottom line is we are going to geneva to implement geneva i.

quick comment, i think sometimes we make a -- whey hear m make lough distinction. sometimes alook a little more like each other than we sometimes think. and the important of the qualifying contributions in arizona is -- [inaudible] into very important. please say who you are or if you have an organizational affiliation. i'm going to the. a to reduce the power of special interest and change the behavior of the way people actually vote after they're i elected. do you have any evidence on the clean money or matching arrangement change the behavior of politicians in the vis-a-vis interest groups? >> yes and no. on the question of is there quid pro quo exchange comparing legislative within arizona or the full-funded states. i don't know anyone does that. there are two studies. one of which i'm coauthoring where we find legislators elected using -- as they apair to be more ideological extreme relative to the party caucus. so i've heard about dotely candidates in arizona say well easier now if you eliminate the campaign finance marketplace, because it used to be elected y

making available right using a linguistic framework we see in the treaty act we're going reopen at lough what seemed to be fairly settled issues on the internet. with respect to linking, cloud competing, social networking. these things resolved framework. if you add a vague right it's make available to the public will have to re-litigate all over again. i think that's a problem. for me there's a difference between copying and stealing. stealing is basically wrong. and we should prohibit it whenever we find as a general rule. copying, on the other hand, is generally a good thing. it's not just the best thing since sliced bread. we wouldn't have it without it. i can speak to you today and you can understand what i'm saying, or at least i hope, because you and i speak the same language. we speak the same language we are born with the ability to hear or see what another speak or does and imitate that. copying is a attribute. it make our civilization possible. when i look at file sharing, i don't see a scorch of culture i see an invention put music in the hands of more americans than any inve

i think it's an exciting opportunity with at lough risks. one of the -- to actually implement this kind of reform. we talked a little bit earlier about the lack of staff on the ground who understand that. that's going to be a barrier. i think on the federal side, quality metrics for dual eligible are qoped sufficiently to really help people choices. staying on the theme of building on some of the tools we already have available as noted by the governor and others. there's a recommendation we should add a third factor which is all the private activity which is are the like. the alternative quality contract in montana you've been involved with, andrew, in your company being a case in point. what is the potential for this group of stakeholders to get together and agree on what they will call an aco, how they will measure an aco. the achievement of the aco. how they share savings with an aco. how necessary is it to have that kind of harmization, and how much should we do to let a thousand flowers bloom here? >> well, i think first of all, there'

conversations] thank you to the concerned veterans of america for putting on the events, which i've been to at lough events and the mayors in washington. a lot of discussions. i think the quality has been very high, really serious interesting discussions at the events i've been at. i hope we'll adhere to that standard today. this morning. [laughter] admiral, i'll do my best -- he needs no introduction. he's the chief of naval operations in 2005 to 2007 and chairman of the joint chief for two terms. 2007 to 2011. a very distinguished military career of over four decades. i want to thank him for his service, and thank him for being here this morning. the brief discussion we'll talk about the debt, which as pete mentioned, admiral highlighted himself and testimony to congress or an interview. >> through a random question a reporter asked me walking down the path at the pentagon. >> it's a mistake answering random questions. three years ago i think in 2010 a random reporter in the the pentagon said what is the greatest threat we face in the united states. he said the biggest threat we have for national

they were a young company got at lough interesting partnership out of that sort of advocate. >> i felt like it's important to say that it isn't -- one of the nations -- notions i find a lot of entrepreneurs will accidentally adhere to is the idea of government needs to get out of the way. government can't have a role here it can't help only hurt. i believe that's naive. we helped early in bringing years to d.c. and what you end up finding is a lot of users are technology. a lot of them adherence. they understand it. they just don't understand yet what regulations are in place that are keeping the growth from occurring. and it's hard to see what you dmoant or what doesn't exist yet. so at the same time, you kind of play with examples. you can see where companies that are as fist candidated as possible like the ride sharing offering have engaged more municipality earlier on and try to change the contour of the regulatory space. the same goes for housing. it comes up frequently. well, at the same time i'll point to jake and ga and cofounders. they are good at coming in to cities and being

there's going to be at lough detail in there and hard decisions had to be made. i'm hoping as we go forward that we can count on everyone in air force association to help us tell the story when the time comes because it's a story of needing to make savings and achieve savings in certain areas so we can reinvest in other areas. it's quite simple in that regard. but it becomes more difficult when you get down to the details. but again, i certainly hope that we can work together on that and we'll look forward to doing so. >>> all right. let me turn, if i might, to the nuclear world. while the air force is responsible for many incredible and important missions. early on i knew at the top of my list i wanted to visit the nuclear enterprise bases as soon as possible to meet with our airmen and learn more. as i mentioned, i did visit last week continuing to strengthen is top priority. no mission is important than safe guarding and maintaining deterrence. after all, our airmen aren't trusted with the most powerful weapons on earth. and this mission is essential to our se

she said secretary clinton was tired and went through a the lough trauma. i'm sure that's true. i know, secretary clinton pretty well. i think she's tough. let put this way, she couldn't be on tv to talk about what happened in the state department because she was distraught? i don't buy that. does anybody believe that about secretary clinton. it it's true, it's something the american people need to consider. i don't believe it's true. i don't believe she was incapability of going on television as susan rice says. i believe they picked the person very loyal to the president who say whatever needed to be said. what she said was so far away from the truth it need to be investigated and what she said was so beneficial to the president's reelection it need to be investigated. she was speaking definitively about benghazi on 15th of september while the fbi was interviewing survivors. on the 15th, 16th, and 17th. why would any administration go on national television and tell the world what happened while the fbi is still interviewing people who were in the attack. where did the fbi int

i have at lough issues with it. but i think it has historically a lot of complexity for all of us.as people who care about social justice but at lough value and it was something i have trying to grapple with in the book. there are american leaders as they came to term what it meanses to have the language of love and commitment. and what it means for americans. it's feel-good book. >> is it composed of essays? what is the compilation like? >> well, it's chronological. beginning with harvey hillary clinton. speeches primarily. or essays or interviews done recently. and sometimes just material. for bill clinton, for instance hef allowed to sort of make his indication. something he had written. i able analyzed it a little bit. to make it a little more awe then -- authentic. did you include any editorial on the speed if changed? >> yes. madeline, my coed or i