. >> vicki: that is the idea called a ha based in palo alto is the brainchild of entrepreneur or macromade his first $1 million of 19 years old and one not others? >> to state your claim and yours if you have a 'snugie' and you can make money from it. >> vicki: think of it as the american ideal of ideas. >> people say that this is a great idea. and if they're not going to continue to enhance the idea. >> vicki: thomas edison had the light bulb so what types of being i the i what types of ideas are being submitted? >> socks with built-in heat. good and bad. >> vicki: bottom line is that you of a great moment, do not dillydally. do something about it. >> and the fact of the matter is is that 4000 other people could have that exact same idea at the same moment. and one of those individuals can do something about it. in the buzz more charlie sheen >>pam: cbs wants him back on two and half man to forgive his antics and continue broadcasting a series. brazil worke the split between bradley cooper and renee zellwilger, is split up. his movie, borught in $19 million. >>pam: barry bonds in cour

and so in a real context, i'm wondering how this macro econom policy is going to get to the average person in a way that changes their life in a more positive way. and certainly the market is a nice indicator in one sense but it isn't for everybody in their lives. and that brings me to the question, how -- when are you going to -- how will you decide how to tighten monetary policy? how do you know when you've reached the point where that is send what type of considerations are you going to take into account? >> well, monetary policy works with a lag and therefore we can't wait until we get to full employment and, you know, target inflation rate before we start to tighten. we have to think in advance, which means we have to use our models and our other forms of analysis and market indicators and so on to try to project where the economy is heading over the next 6 to 12 months. on we see the economy is in a self-sustaining recovery, and employment is getting to improve and labor markets are improving, and meanwhile thatnflation is stable at approaching roughly 2% or so, which i think is wher

we're going to look for a continued improvement in the macro economics environment. it should allow a relief for what is a lot of pent-up demand for high-tech spending. they have lots of operating leverage. in fact, management has said their bookings have been increasing. over the past three months, 25% of their bookings have come from new costumers, which is indicative of the purse strings being loose center. >> tom: brian, any disclosures? >> i don't own any of them. >> tom: word on the street with brian ashenberg of >> susie: here's what we're watching for tomorrow: quarterly results from retailers american eagle outfitters, children's place, and hot topic. also, the weekly updates on mortgage applications and inventories for crude oil and gasoline. hilary kramer is our "street critique" guest. send your questions for her to streetcritique@nbr.com. "take your money back." in essence, that's what billionaire investor carl icahn is telling all outside investors in his hedge fund. icahn says he no longer wants to be responsible to investors if there's another market

before you is a request for a conditional use authorization to establish a macro at&t wireless telecommunications facility at 1799 19th avenue at the northwest corner of 19th avenue and noriega street. the project site contains a single source structure that was conducted in 1996 -- constructed in 1996 and is operated by an automotive repair business. the project is to replace two at&t omni antennas with 12 panel and tennis -- antennas. the existing equipment, as will be replaced at the same location, which is within a fenced area directly north of the building. the project site preferences for location for the wireless telecommunications service facilities guidelines. because it is a wholly commercial structure within an nc-2 district, and since the mailing of your packets, the department has received one correspondents in opposition to the apartment. the department of public health has received our report prepared for the project that has in terms of its proposal complies with guidelines, and the department recommends approval of the conditional use with conditions for the following reasons --

the macro and micro in one package. our strategic partners are particularly interested in supporting one central organization. we are also an organization committed to representing diversity in the city. if the city funds villages to reach out to low income members, this is what we will do, working with the city. first, we want to acknowledge this is a major task. very important, a team effort that will be required. we will collaborate with our partners, service providers, and next sf. we will create new partnerships with senior centers and aging organizations throughout the city. we will work with the leaders of major aging organizations. many are already on the advice rick council. we will participate in developing criteria and protocol for selecting low income residents. we will help deliver an instrument to develop attitudinal and a real memberships. if money is provided for a rich, we will provide the city and identify key target audiences, help to determine the most cost- effective approach for reaching these targ

and the stock is down today, probably because of macro concerns. maybe sometimes because you buy the human or sell the news but it's tough to understand item stock was down more than other banks today. that's a little difficult to understand. >> now several other banks have announced dividends and share buybacks like wells fargo, jpmorgan, u.s. bancorp, how do they stock up in your view compared to cities as an investment? >> right. so we are currently recommending the shares of those companies of both jrx p morgan and u.s. bank corp. who are further along. they are earning better returns and paying out a higher dividend and buying back some stock. so they are further along in their repair process. >> all right. and from the point of view of investors s it safe to be investing in these financials again after everythinging that they've been through through the financial crisis? >> so susie, every stock even healthy companies can go up and down. but the banks are significantly safer, both in terms of having more capital and in terms of having removed

a macro game in which saudi is poses a major city power in the area and iran is poses a major shia power in the area there's already been disruptions in iraq a monk she is there protesting against the investment of bahrain and frankly what i'm seeing on my internet is she is in progress not she is in the united states she is in other parts of the world are very very alarmed very upset are protesting about this and frankly i don't think they're trying to turn it into a sectarian conflict but i think for them it has very loud sectarian residences one point in your first response to my first question is that what you thought it was a tragic mistake we're hearing that from other members of the panel here what do you mean tragic mistake being the division is already there in the in the islamic world and we heard iran being brought up here i mean this goes back to the geo political implications that i was trying to kind of tease out of you guys a tragic mistake is it really about geopolitics. well i don't think it's mainly about geopolitics although there are attempts to inject geopolitics int

guest: that will be a micro issue in this macro lens. and the macro lens is leadership. you sing gingrich talk about this, the spectator in chief comment. the president, according to many of these candidates, it is developing a resin made -- resume of sitting on the sidelines. whether libya, where he did not act fast enough, you can go down the line. entitlement reform. republicans will come out and early april with their budget. ready and willing to take the political hit for it. they say. guest: chris christie has exactly the same message, disappointment in the president, saying he has not stood up to confront these problems. recently,istie's said you wonder at this point in american history if the political cost may not be as bad as a lot of people think when it comes to touching the third rail of entitlements. or some of these other economic issues, because of the situation we face. host: is debt commission suggesting that for terminates goes up to 69. it is not an immediate, but over 5 to 10 years. guest: there are all sorts of ways in which you might adjust these t

no helmet, no margaret thatcher, ronald reagan, no people who were able to take a look at the macro problems up there, defined as set up positions and work hard to employment them and make things better. i offered my opinion that i think the closest thing that approaches the style of is vladimir cuban in russia today. other than that i don't see any, i don't see any defining philosophies, i don't see any commitment to moving in a certain direction. a dance to the capacity to bring things together. i really don't see anyone there that can help reshape the world in the direction that i suspect we would all like it to be reshaped. and so i think that is one of the questions we might ask ourselves, and i am very much aware of the fact that margaret thatcher was not margaret thatcher until after she was elected. helmut khol was not helmut khol until after he took office. francois mitterand was not francois mitterand until after he took office, and ronald reagan was not ronald reagan until after he became president. i accept that. we at least have to look for people that give us hope, and we ought

and it's necessary to back away and look not through a micro, but a macro lens at some of the problems and ask ourselves is there a common sense principal that we could apply that would make sense out of the some of the challenges and the issues that we face. so in each of the chapters, what i've done is sort of created a subtitle, for example, the first chapter when i talk about the most important form of government is a father/mother and children, and the reason that i say that is because the first level of government to which any of us are subjected is not the government of the city, state, or federal government, it's the government of our own family. that's where we are governed first. and the fact is, it is that form of government that serves as the foundation for all of the other forms of government. i try to make, and i believe that i do make the case that this is not just a social issue as often has been described. sometimes there are people who want to create this to me artificial conflict between the designated social issues and the economic ones. the first chapter of the boo

q spreading according to local officials and of course pressure from macro economic data from the u.s. and china are also adding to concerns. and russia's federal customs service says the country's trade let's reach the sixteen point three billion dollars in january trade turnover was around forty five billion dollars that's almost a fifth more than in january last year and say hi all price of boosting the value of goods coming out of the country because of course high oil prices for january. ok well back to main headlines of course the latest of what's happening in japan with after this very short break.

i don't mean overall job loss, macro, but those cuts could. you agree with that? >> the cuts would presumably lower overall demand and the economy woulhave some effect on growth and employment. >> good. the answer is yes. >> yes. >> thank you, mr. chairman. >> senator kirk. >> thank you, mr. chairman. i would just like to briefly comment for you on the work this time is different by rinehart rogoff. what did you think? >> he's one of my long-term colleagues and friends. i have great respect for both him and miss rinehart. i think it's a very interesting piece of work. it's particularly instructive because it uses a lot of historical episodes, data, as opposed to purely theoretical approach to the problem. >> it's an important piece of work. you were effusive in your praise at least on amazon, i saw. i thought the title is important because every central banker, economic official says this time is different. yet th basic themes of debasing a currency, inflation, lack of spending discipline, rinehart and rogoff highlight the similarity of poor action by bankers and

stokes uncertainty on the market some the united nations imposed sanctions on the country just cost the macro economic impact i think we're all sorts we're now joined by professor smiler from manchester business school thank you very much for joining us how will surging oil prices impact inflation well inflation was going up in certain countries like in the u.k. in the us as well we've got a big increase in oil prices definitely political instability and uncertainty will push oil prices i mean facial globally to a higher level but what happened to the so-called currency was have pipe oil prices and inflation put an end to them for now i think we have the american fred quantitative easing which which started the currency wars by putting pressure on. even brush and mobile and ought a bit between us and china. value but i don't think. it is one way or the currency wars because the. us was kind of blaming china for manipulating its currency and then the brazilians the bric countries said no it is the quantitative easing in the us. because of manipulation because by reducing interest rates through

whether that's going to happen ok what are you patrick i mean what are the it when we look at the the macro scale the global scale here is that we just mentioned here a lot of people are looking at the industrial capacity of japan which is key to its economic prosperity because it's a mess export country what would it take for us for investors in for the international community be worried about japan's recovery i think what it's really going to take peter is is the whole idea of we see further problems in terms of how we're going to fund the recovery because really the difficulty here is with government government have shot all their bullets they've spent all that money japan's more noticeably than anybody else i mean they've got two hundred percent debt to g.d.p. ratio i mean that's three times the government debt of the united states of america and the united states of america doesn't look pretty by any extent and i think really the problem is that we're going to see ultimately that governments are going to try and kick the can further down the road in terms of keeping the economy going b

work at all different levels of well art and worth just think through anecdotal evidence and sort of macro and physical. evidence about the wage gap and what not that there was discrimination but in fact we don't seen i think it's becoming increasingly difficult to assume that we have clear evidence for all of those cases that they each were suffering under discrimination and i just want to add that i think that the problem with this kind of effort is that it actually makes women hiring women more expensive for companies that make them less desirable to hire women when they become so costly and third to liability for a corporation is absolutely preposterous that's absolutely for prosperous if you think that it is more expensive for a company to hire a woman when women make on national average about seventy cents on the dock seventy seven cents on the dollar that men but i want to go back to a different but i want to go back to a different point that the one question so several appeals courts have said that is in this case does not it's not to many people and let's be clear also wal-mart se

sense in libya with the author with you well we should be involved in supporting movements for the macro see around the world and there are many ways to do that but we shouldn't be involved militarily. there is no the only vital national interest one could argue for is the small percentage of oil that libya contributes to the world market but beyond that that does not justify we have zero national interest in this i would disagree with the adult point which is we don't know who we're supporting on the other side they they're calling themselves a democracy movement because that helps them on their messaging worldwide but we don't know who we're supporting and what we're going to get when when if and when the others and the opposition succeeds in analysis i mean why do you say that we don't know who we're supporting because we don't know what they want to do once they oust gadhafi so you're saying the strategy is not outlined right now what will the strategy there of their motives or goals or objectives what they want to establish once they screwed up and we don't know any of that we're ju

all the big issues, the complex and complicated issues we face with e company and back want with a macro lens and say how do we approach these with a principal, a big picture principle that applied to it would help unravel this ball of string. the because what i sense happening in politics is that people get so down in the weeds and they fight the battles so deeply within the weeds that nobody understands it. i mean, the original constitution was 20 pages. the healthcare bill was 2300 pages and people says we'll know what's in it once we pass it. they admitted they hadn't read it. heck they couldn't read 2300 pages. there eds to be an attempt to get back to the simplicity of common sense basic principles and write laws so that an average layman getting home from a hard day's work could read it and say yes, that's what that's going to do to me. and this is what i've attempted to do is to say, let's take the issue of the government's budget. my basic principle is you can't spend money you don't v you can't borrow money that you can't afford to pay back. that's the subtitle of that chapter

i don't mean overall job loss, macro, but those cuts could. you age with that? >> the cuts would presumably lower overall dema and the economy would have some effect on growth and employment. >> good. the answer is yes. >> yes. >> thank you, mr. chairman. >> senator kirk. >> thank you, mr. chairman. i would just like to briefly comment for you on the work th time is different by rinehart rogoff. what did you think? >> he's one of my long-term colleagues and friends. i have great respect for both him and miss rinehart. i think it's a very interesting piece of work. it's particularly instructive because it uses a lot of historical episodes, data, as opposed to purely theoretical approach to the problem. >> it's an important piece of work. you were effusive in your praise at least on amazon, i saw. i thought the title is important because every central banker, economic official says this time is different. yet the basic themes of debasing a currency, inflation, lack of spending discipline, rinehart and rogoff highlight the similarity of poor action by bankers and g

for fiscal '12 whenever the congress passes a budget resolution and passes that big spending number, macro number, welling divide up that number amongst the 12 subcommittees, and that becomes the base figure for next year. >> and for purposes of beginning that budget process then, is the budget line starting from the 2011 request, is it starting from the cr passed in december, is it starting from the final cr that we passed here? what delineates the starting point for that budget resolution? >> it will be the bunt committees -- >> the president's budget is a recommendation to the congress, and then the budget resolution, if it's passed, when it's passed, that lays out the parameters. >> and that becomes binding on us. >> there has not been a single easy decision that's come across your desk. i don't actually expect 2012 to contain any easy decisions either, but i do want you to know how much i have come to appreciate the way that you all have worked together and helped me to understand this process better. i yield back. >> thank you, mr. chairman. it looks like we are successfully eliminat

do you have those macro numbers? guest: i don't have them off the top of my head. the second number, in terms of how much our government is providing or relying on nonprofits, nobody has that number. the reason being, our government doesn't clebt that sort of money at the local, state -- doesn't collect that information at the local, state, or federal level. that's why we were supportive of a bipartisan bill called the nonprofit sector and community shuges act that would have been -- it would have set up for the first time and say, we have concerns. let's try to fix some of the the problems. amazingly, the bill was designed to say how can we fix the federal government to make it a better partner with nonprofits? so that was he can citing. but also to require the federal government to start analyzing some of this information so they can give us

guest: that will be a micro issue in this macro lens. and the macro lens is leadership. you sing gingrich talk about this, the spectator in chief comment. the president, according to many of these candidates, it is developing a resin made -- resume of sitting on the sidelines. whether libya, where he did not act fast enough, you can go down the line. entitlement reform. republicans will come out and early april with their budget. ready and willing to take the political hit for it. they say. guest: chris christie has exactly the same message, disappointment in the president, saying he has not stood up to confront these problems. recently,istie's said you wonder at this point in american history if the political cost may not be as bad as a lot of people think when it comes to touching the third rail of entitlements. or some of these other economic issues, because of the situation we face. host: is debt commission suggesting that for terminates goes up to 69. it is not an immediate, but over 5 to 10 years. guest: there are all sorts of ways in which you might adjust these t

and so i think what we're talking about in many respects -- at a macro level is a separation of powers case as much as a fourth amendment. i think it's not -- it's not dissimilar to the dialogue this court has been having in the guantanamo cases with, look, you need to go beyond the fourth amendment, if you think you need such a fundamental change to our country's traditions, congress is going to have to take the first step, we'll look at it and there will be a back and forth. but here what happened was the preventive detention powers were denied and yet the government still went ahead and used the material witness statute. and again, i can't stress enough that the government did not raise an iqbal claim as to the plausibility of these allegations. only now in the reply brief where they're -- they're trying to address a sole motive situation, or a but-for, which is all we're asking this court to address, the government has now said the allegations are implausible. i think that in many situations -- you know, with the absolute immunity point, if i could just turn to that for a second --

no margaret thatcher's, no ronald reagan, no people who are able to take a look at the macro problemsut there, define a set of positions and work hard to implement them and make things better. i offered my opinion, that i think the closest thing that approach is that style of leadership is a vladimir putin in russia. other than that, i don't see any leadership. i don't see any defining philosophies. i don't see any commitment to moving in a certain direction, ca capacity to bring things together. i don't see anyone there who can help reshape the world in the direction i suspect we would all like to be reshaped. i think that is one of the questions we must ask ourselves and i'm very much aware of the fact that margaret thatcher was not margaret thatcher until she was elected. helmut kohl was not helical until after he took office. and that ronald reagan was not ronald reagan until he became president. i accept that. but we at least have to look for people that give us hope. we ought not to stick with people who have demonstrated they cannot. it is too critical. it is too critical. our

>> in an area where contributions can be made at the local level and the macro level it will be mostmportant for sudan, southern sudan, development of the agricultural sector. this is something that has been long ignored during the conflict and has not adequately been addressed during the implementation phase of the comprehensive peace agreement. southern sudan is still the international donor community for its food. it has the richest farmland in the world with over 50 inches of rain a year. not only southern sudan has a food security issues but so do all the favors. we are all familiar with the difficulties in ethiopia. working at the local level as well as the donor community working on building the infrastructure of roads and bridges and other things to take his food to market is important for the success and liability and buying time for the infrastructure of democratic institutions for quick governance, to be realized. >> there's a great need for local level conflict management effort and prevention effort in southern sudan. there are some significant ethnic divides with in sou

this is less about some macro islamic kind of question then it is about something we know something about, democracy, personal freedom, responsible government. it has changed the narrative. there is turbulence in the short-term, and even in the long-term success is by guaranteed. here is an opportunity that did not exist three months ago. host: first call for general michael hayden. democrat, good morning. caller: i wanted to ask about the cia and the history of the intelligence regarding the war in iraq. it seems to me that the cia has practically no credibility because of their errors regarding the intelligence. for example, one of your main sources for the intelligence on iraq was this guy curve ball. even the germans knew he was not credible source. your claim about iranian being shipped to iraq was wrong. really i do not believe anything you say. guest: very familiar history. i was in the room when the national intelligence you're referring to on iraq was voted. i voted yes. we got it wrong. cleanup swing and miss -- a clear swing and a miss. every intelligence agency in the world be

into a very deep and lengthy recession, at point house -- at this point housing is not bringing the macro economy down, but neither is it lifting it up. if you look at this slide, and, yeah, okay. you guys can -- i see it here. yeah, there's screens over there. if you look at this slide -- i'm color blind, but i think it's the red line. this is housing's contribution to the growth in gdp. and you can see that huge gap as housing investment tanked, became a huge negative, led the economy into recession. and the blue line, the other line is gdp growth, and you can see how deep that was. but as jim pointed out, gdp's now been growing for about six quarters at an average rate of 3%. employment which, of course, was a huge negative in the private sector has now been growing for 12 months, 1.5 million jobs. and what you can see is housing, the contribution of housing to gdp growth in this slide is about zero. so it went from being a huge negative to being a zero. now, if you look back on the earlier numbers in the expansion of the 2000s, you see it was an important contributor. so certainly hou