management." court documents accuse bluestein of encouraging retirees to re-finance their mortgages to fund their investments. bluestein's lawyer has not commented. >> paul: another former enron executive is headed to prison. joseph hirko used to run enron's broadband division. today, he was sentenced in houston to 16 months in jail. he also agreed to pay $8.7 million in restitution. prosecutors say hirko promoted enron's broadband division to analysts, while knowing the system couldn't do what was being promised. >> susie: here's a look at what's happening tomorrow. the s&p case, shiller home price index for july, is released. also tomorrow, quarterly results from darden restaurants, nike and walgreen. >> paul: recapping today's market action, a day of deals brings buyers off the sidelines. to learn more about the stories in tonight's broadcast or watch our streaming video and to take part in our daily blog go to "nightly business report" on pbs.org, you can email us at nbr@pbs.org. >> susie: a n

manage the traffic. i want more details on that, because it all comes down to implementation. you could understand from the consumer standpoint how that could be good or not so good. the other thing that i think is limning is this issue of premium services -- that i think is looming is this issue of premium services. one of the most complicated issues facing the sec involves pricing structures. under the new -- facing the f c c in false pricing structures but under the new rules, -- facing the f c c involves pricing structures. @@@@@@ again, i think that implementation is the $64,000 question from the consumer's standpoint. from a process standpoint, one of the things i like about the chairman's proposal, and i am talking about the study and how the digital sector is trying to use more technology to improve the system, the sec unveiled a new web site -- the sec unveiled a new web site, and i went to it to see what was there. what i like about the process that is going to went bald is that they are going

no one from management? >> no one from management. >> okay. you were brought in, i'm told, because rei was losing money and had a number of problems, but one was it had a problem -- it was losing money, and you were there to help turn things around. what was a major thing you did and what was impact on the camp when you did it? >> the major thing i did then obviously is one that affected more al more was the feeding. it was revolting. the first thing i did was fire the catering manager. >> i'm told you described an ins den dent where you came to eat the food and these guys were laughing at you? >> i always used to go to meals with the admin staff of agna. when i picked this fresh off the table, i noticed they were all smiling at me when i sat down. i thought i had something hanging off me or something. it was only after i ate the first bite and spit it back out that they said, that's what we were waiting for. >> they kind of laughed? >> they thought it was hilarious. >> what did you do about it? >> i took it to the caterer, who was an englishm

day the airline announced th sully is returning to wo as what's kwn as a management pilot. that meanse'll be back in the cockpit, and working as at he calls a "safetadvocate. and paul, that's sething he knows about first hand. >> susie: he was amazing. let's hope he can ach that skilto a lotf other people. >> paul: that's for su. >> susie: that's nightly business report r monday, september 28. odnight,paul. >> paul: i paul kangas wishin all you the best ofood buys. "nigly business report" is made possible by: this proam was made possible by contributions to ur pbs station from viewers like u. thank you. ptioning sponsored by wpbt captioned by dia access group at wgbh access.wgbh.org

management. court documents accuseluestein encouraging retirees to reinance their mortgages to nd their investments. bluestein's lawyer has not commented. >> pl: another former enron execive is headed to prison. joph hirko used to run enron's broaand division. day, he was sentenced in hoton to 16 months in jail. he also agreed to y $8.7 million inestitution. prosecutors say rko promoted enron's broadband vision to analys, while knowing the system couldn'do what was being promised. susie: here's a look at what's hpening tomorrow. the s&p caseshiller home price index for july, iseleased. also tomorrow, quarterly rests from darden restauras, nike and walgreen. >> paul: recping today's maet action, day of deals brings buyers off the delines. to learn re about the stori intonight's broadcast or wah our streamg video and to take partn our dai blog to "nigly business report" on pbs.org, you can email us at r@pbs.org. >> sie: a new assignnt -- captain suy you'll recall that sullys the pilot who neuvered

three managers departed afghanistan.the final manager will depart on september 16th after a handover to his replacement. now stationed at camp sullivan. our par mont responsibility was and is to ensure the continued provision of security by well disciplined, well supervised and professional guard force. our top prior to provide the most secure possible for the conduct of our foreign policy, especially in challenging operational environments such as in afghanistan. as the state department employs in new and expedition nar ways, security is critical. we are carving out a new road as we operate for the first time in zones of active conflict. to ensure the security is not breached. the state department has not lost and will not lose sight of the fact that the security personnel in afghanistan and elsewhere is our first priority. unlike those on the other 263 posts around the world. we are writing a new set of rules and policies as we go. in most cases where contractors provide static guard services at embassies throughout th

i'm joined by the portfolio manager at sun management, richard kang at emerging global advisers. steve, we have talked about china before. i love the long-term nature and the theme you follow which is looking for quality stories. >> right. >> have you changed your investment strategy as a result of what is going on in china? >> yeah. we've spent a lot of time thinking about china because the implications on growth and interest rates in the u.s. right now we are looking at headlines in investments in other asset classes besides treasuries. in $2 trillion in dollar reserves they are putting us on notice. i think after seeing the julian robertson interview and his concern of lack of buying from china and japan of u.s. treasuries we are concerned about interest rates going up. that could put an impact on the housing market. >> the china sovereign wealth fund potentially investing $2 billion into distressed funds. what do you think? >> they need to diversify. it is an alternative asset class in a volatile work. their market is volatile. they need to control that. they are in the busin

wealth management. asset management. asset servicing.ey, it's great to see you're back after that accident. well...i couldn't have gotten by without aflac! is that different from health insurance? well yeah... ...aflac pays you cash to help with the bills that health insurance doesn't cover. really? well, if you're hurt and can't work, who's going to help pay for gas? ..the mortgage, all kinds of expenses? aflaccafcccc! it's the protection you need to stay ahead of the game... exactly! aflac. we've got you under our wing. aflac, aflac, aflac... aflac, aflac, aflac you know why i sell tools? tools are uncomplicated? nothing complicated about a pair of 10 inch hose clamp pliers. you know what's complicated? shipping. shipping's complicated. not really. with priority mail flat rate boxes from the postal service shipping is easy. if it fits, it ships anywhere in the country for a low flat rate. that's not complicated. come on. how about...a handshake. alright. priority mail flat rate boxes only from the postal service. a simpler way to ship.

we managed that down to 60%.quisitions we are doing, considering the financing we are doing, allow us to improve that payout ratio each time. we are doing accretive deals as you mentioned. importantly, we are focused on managing our leverage, as well. targeting our leverage range of 3.2. and the financings are about taking advantage of some very good financing markets today. >> i read about the acquisition and i like them immediately. i read about the fact your core business is stronger than most telco companies. yet i keep thinking, what are people confusing about your company versus some other companies where business is weaker? is this totally cohort oriented? i could argue your yield should be lower than verizon's given your strength of business, verizon about 6% yield. >> we are in the right markets. we are a rural telephone company. our access are 19 per square mile. that fits great with a p company trying to sustain our cash flows. while we've been managing the business aggressively, we are transforming it

wealth management. asset management. asset servicing.as it really for fun, or to save money on heat? why? don't you think nordic tuesday is fun? oh no, it's fun... you know, if you are trying to cut costs, fedex can help. we've got express options, fast ground and freight service-- you can save money and keep the heat on. great idea. that is a great idea. well, if nordic tuesday wasn't so much fun. (announcer) we understand. you need to save money. fedex >>> widely held shares, it is a mixed market in terms of financials. citigroup one of the mostly widely held stocks out there. down on the session. bank of america, flat. the others as you can see higher on the day. >> interesting thing that we're tracking here today, the currency markets. we talked a lot about it. equities are gaining ground. the dollar continues to spiral, hitting fresh lows for the year against the euro and the pound, with risk really appetite, if you will, remaining a big driving force in the currency market. joining me to discuss the dollar's direction is mark chand

they'll have to manage it down. they can manage it down by doing repo, as chairman bernanke suggested, which would raise short-term rates. which was not a recommended path at the moment, but they could do that if they really see the economy start improving. the another way to do it if there is a stability in residential real estate, because a good part of the balance sheet is in that asset class, they could begin selling that. there are many ways they could mitigate some of those inflationary risks because of the balance sheet issue. but once again, this is a known issue. i'm not frightened of known issues that we can look out on the horizon. we have time to manage it. >> what do you worry about? >> i worry about the dollar. i worry about that we don't pay enough attention about how we are positioned as a country worldwide. i worry about our competitiveness as a nation. i believe other countries are doing some very interesting things about stimulating businesses. what brazil is doing now in terms of lowering taxes f

i think you stay diversified and don't forget, the money management business, when the money managersre all up big, they've got to buy, not sell. "mad money" will be right back after the break. >> announcer: coming up, you asked. now we deliver. as cramer goes one on one with dupont ceo jose fontaine on the executive decision. plus, they're smaller than laptops, but what's the best way to plate netbook craze? cramer's finding out if what makes these hot devices tick could make you some "mad money." and later, try to keep up with cramer as he takes your calls rapid-fire in an aught new "lightning round" all coming up on "mad money." >>> last week during the "lightning round" neil in new york called in, skld about dupont fabros technology, dft for you home gamers, and man, it stumped this chump for certain. so i do what i always do when i get a call that makes me feel like a joker, of course after picking myself up off the dirty linoleum floor. i circle back, do my homework so i can answer the question which i did on thursday. dupont fabros technology as it happens is sort of like the h

it just was more manageable than it usually is. because with blond hair that is color-treated, let's just say, um, you often can get really dry and frizzy, and, like, dull and lifeless, and my hair is shiny now, and usually you don't see shine on blondes, but i have shiny hair, see? look it. first of all, it smells amazing. it's so rich in emollient feeling, but it's all-natural, so i feel really good about using it on my little girls who have, you know, beautiful long hair, and they're using it now, who, too, i could never comb through their hair. now i'm able to comb through their hair. it's a lot less crying at combing time, so i love using it on my little girls' hair. >> okay, we're gonna talk about alicia's, but before we talk about alicia, let's look at a picture of what her hair looked like when she came in after first washing her hair one time with popular brand of shampoo just one time. >> look at that--frizzy, fly-away, uncontrollable. look how dry--the color looks different. the color looks dull, flat, look how much rich

>> the technology sector is a bang for the buck play for portfolio managers. but to be clear, that last trade was just that, it was a trade, a defined risk setup. once that triggered, i was out of the trade and i'm trading from the short side now, but it's very defined risk management. pause cut your loss and let your profits run, in other words, right? >> that's the way to trade them. >> paul: okay. you're an experienced trader, that's for sure. any particular stocks you do like at these levels? >> i'm cautious at these levels and i don't want to be a broken record, but i will say the one thing that concerns me is the uniformity and the opinion that we're going to continue higher. for certain credit markets are pointing in that direction, but from pundits to politicians to hedge fund managers across the board there's uniformity in the believe that we're going to continue higher, and i think every time everyone is on one side of the boat you gotta be careful. i'd proceed with caution. >> paul: so caution is your by word for the moment, correct? >> it is, but y

of ans a sit management firm that has his name. let me start with you, bob, i was looking at your notes and you say it. the way you see the economy would a lot of these people waiting for things to pull back because nothing is fundamental. you say we're in a v-shaped recovery and going to do 4% and you say the market is backed up by what's happening in the economy. >> that's right. when you look at inventories, look at a declining trade deficit, look at what is the beginning stages of a rebound in home building, remember, now, i haven't mentioned consumption yet. which will grow, but probably more slowly than the rest of the economy. you can get 4% plus over the next year and a half rather easily. and that justifies a lot of the rally we've seen in the stock market over the past several months. >> that's what everybody's hanging their at on. it's the market obviously has got things wrong in terms of the economy. it's almost like a lot of these guys that are looking at the stock market. it doesn't have fundamentals. they're looking

wealth management. asset management.servicing. >>> welcome back to the "fast money" halftime report. time for your "power lunch" trade to go. pit boss, you're watching alternative energy names. seeing some bullish activity in the pitts. >> i am. i'm looking at ener, energy conversion devices. this is in that space that we've seen a lot of pullback in the solar area right now. this stock was just on its 52-week lows just last week. today getting a little bit of a pop. there's about a 30% short interest in this stock, so that's part of probably what's moving this stock, but you take a look at the september options. september 11, september 12, even the september other upside calls all very active. one of the most active days in the last 52 weeks in the stock as far as the options are concerned. >> let's call the close right now. time to go around the horn. patty, what do you say? >> i don't think the bulls have as much strength as they would like and i'm selling. >> zeke? >> i'd like to see a little bit what the direction i

if ibm am management, how to we nvinced that management to help.and how do you convince the participants or timidity to read your blog? you're not going to get 100 comments the first time he put out at blog. don't feel distressed. if you do want to be a blogger actually keep doing it. i know i don't get a lot of comments on my public blog. by public blog and i get a lot of readers. not everyone wants to comment. people are afraid to be embarrassed, and that is fine. you are going to get those. don't let that distractive. one of the things. how do you capture workflow? when you are writing you can use those tools to capture your thoughts. that didn't put down here mind mapping. what kind of mind mapping here on this charge? we are coming up with ideas. so you might just want to te a flip chart or piece of paper or put in the wiki and just start putting down key words. okay. i'm going to connect this word to this spot, and maybe from there i get an actual sentence. and then that can start creating your content for you. and how do you picked the right

as we managed the other fund for nearly 13 years. and there were just some parts about that that we wanted to change. so we think the timing is terrific. there's some great bargains in the market today. and we think that there will be over the next several months as money comes into the new fund. >> mr. akre, what are you hearing from investors? you are now at the largest gathering of the independent investment advisers, from that schwab impact 2009 investment. what are you hearing from investors right now? do they feel they need to be changing straight jis as a result of changing political and economic winds? >> well, there's no question that the experience of the last 18 or 20 months has caused everybody in the investment business to re-think, you know, what their strategy has been. the old adage that if you own common stocks, periodically they'll go down 50%, is something we've all been aware of. and yet most of us were caught a little flat-footed in the liquidity crisis that occurred when things went down 50%. so yes, investors a

i have proved myself unable to manage my own life by committing a crime.was really men that were around me and the grace of god that helped me get through it. tavis: you sit today a college graduate, husband, father. you seem to be rather well adjusted yet we are told that our prison system does a horrible job of rehabilitating me and women. >> the prison system doesn't do a job of rehabilitating. definite that. it opportunity with virginia department of corrections that created the man before you. i can point to dr. cornell west. i can point the every book that oprah ever recommended and the poets robert hayden, i can chant a list of names. i can chant a list of names and people's whose work molded me into the person i am today. that literature helped me to define myself while i was at the place to help define me solely by those 30 minutes. i don't think it was the system in any way whatsoever. it was really because i believed that literature could do something for my life. for me that belief helped me believe that i could be more and help me to become mo

. >>> do your kids know how to manage money when you're not around? >>> and a special guesting with elmo is here to talk about helping your children understand these tough economic times. elmo, take it away. >> all right. "your bottom line" starts right now. >>> while the health care reform debate goes on and on in washington, we want to tell you what you can do right now to get the best care possible. our next guest is here to tell you secrets your insurance company doesn't want you to know. francis roth is a senior editor with "health" magazine. great to see you. >> great to see you. >> the first thing you say is don't pay if you don't have a say. what does that mean? >> you know that if you choose to go to see a doctor whose out of network you'll pay more. sometimes you don't have the choice. if you are in an emergency room situation or if you're at the hospital and them use an anesthesiologist out of network you didn't get to pick the doctor so you shouldn't have to pay. >> can you say? >> you can. you send a letter to the insurance company and it

management. to ensure that we get more bang for our buck and continue to make progress in chesapeake bay restoration efforts. both techniques will ensure that we're coordinating how restoration dollars are spent and making sure that everyone understands how individual projects fit into the bigger picture. that way we're not duplicating efforts, wasting money or working at cross-purposes. h.r. 1053 would require the office of management and budget in coordination with state and federal agencies involved in the bay to report to congress on the status of chesapeake bay restoration activities. this legislation would also require the environmental protection agency to develop and implement an adaptive management plan for the chesapeake bay and all of its restoration activities. finally, on recommendations heard during committee hearings on this bill, we included the creation of an independent evaluator for the bay. an independent evaluator to help serve an adaptive management and drive success in the

they will drive the decisions of money managers. whether to stay in the market, add to the market or pull out. >> let's talk about the theme of the day certainly. that is merger monday. ibankers busy this weekend. more than $14 million were announced on a mega merger monday. the ibankers were busy. it's interesting to see who was busy. it wasn't the goldman sachses of the world. in fact, goldman sachs was noticeably absence. it was citi and barcap that had lead roles in a lot of the deals announced today. >> let's talk about one of the stocks that made an acquisition, abbott labs. most of their major drugs come off patents. in comparison, pfizer comes off in the next year and a half. abbott, they make a greet deal for them. the street loves it. they buy a company and the stock actually goes higher. my problem is it's been resistant a number of times. came off today. big volume today. but to me abbott with a nice dividends is still a stock you want to be involved in. >> i added to my position today. i love this deal. it will add 3 bi

wealth management. asset management.ng. >>> we are almost halfway through the trading day. stocks are steady ahead of the fed. 20 companies hitting new highs including united technologies, gardener, the firm raising its outlook for the entire industry. and general mills up, boosting its outlook for the year. >>> last time president obama met with the g-20, he warned against protectionism. is the president really a free trader or is he caving into the union? joining us from the power grid today, keith boykin and terry holt. you know how it works. you get 20 seconds to make your case. terry, did he cave in to the uni unions or a free trader? >> pure partisan politics. this is from wto day that signals he's going to use this every chance he gets and it's going to dent his ability to talk about growing jobs in this country because he's playing politics. >> keith, 20 seconds on why i assume you think this is a good thing. >> this is one tariff in one country, china, with illegal practices in regard to trade. it's less than th

that doesn't teach you responsible money management. so you know the idea is, i've seen this, because i get them at work, you know, at "kiplinger" i get a lot of press releases that say, hey, you need that new shirt at the gap, and you don't have enough money? mom and dad can put some money in your account. that's not the idea. >> not so much. not so much. there's a big debate about allowance, when you give it, when you don't give it, what it's for. what is your recommendation? >> my recommendation on allowance and i go into this in great depth in our kids and money site at kiplinger.com, i think that allowance is really good for younger kids who don't have income of their own. it's a way of getting money into their hands and the critical thing is they have to make decisions about how to spend this money. it's not extra money that you just give them on top of everything else. you're already buying for them. you give them financial responsibility to go with that money. >> and your advice, half their age is the amount of give them. >> tha

we're wrapping up now, but eric marshall, portfolio manager at hodges capital management.hank you so much for joining us. let's take a quick look at u.s. futures ahead of the market open. dow is pointing slightly higher. nasdaq looking lower and s&p 500 pretty much flat. that's it for today's show. i'm julia boorstin in the u.s. >> i'm becky meehan in europe. >> and here in asia, i'm christine tan. thanks for your company here on "worldwide exchange." ♪ well i wr ♪ which one's me - a cool convertible or an suv? ♪ ♪ too bad i didn't know my credit was whack ♪ ♪ 'cause now i'm driving off the lot in a used sub-compact. ♪ ♪ f-r-e-e, that spells free credit report dot com, baby. ♪ ♪ saw their ads on my tv ♪ thought about going but was too lazy ♪ ♪ now instead of looking fly and rollin' phat ♪ ♪ my legs are sticking to the vinyl ♪ ♪ and my posse's getting laughed at. ♪ ♪ f-r-e-e, that spells free- credit report dot com, baby. ♪ she is the greatest thing ever. woman: one little smile, one little laugh. - honey bunny. - ( coos ) we would do anything for her. my name is kim bryant

acer effort managed to -- a surfer managed to avoid. >> we will keep you posted on the latest report of a separate earthquake. we'll also be speaking to an oceanographer on the causes and effects of tsunamis. america's top diplomat of the un mission in afghanistan has been removed from his post. a source at the un said it had become impossible for peter galbraith continue with his work in afghanistan. it is thought that he disagreed with his european boss. it is likely to be seen as a division upon western nations to the response of the flawed elections. my colleague to lend me now. what do you know? >> there is tensions between these two men. there have been continuing tussles four months. it came to a head over how to deal with the serious fraud. mr galbraith' wanted a much more aggressive approach. the other man preferred a much quieter. the had a disagreement. the un secretary general decided to mr galbraith's cannot continue to work in afghanistan, so better to remove him from the mission. >> it is not just about two men. these are western nations. these are powerful nations. >>

suppose kraft management watches the show and manages to take my advice. what would they -- and maybe another acquirer be willing to pay for hain if we just used the same multiple kraft is paying for the one without shelf space, cadbury? if we had to slap the same 11.6 times earnings before interest, taxes, depreciation, amortization that cadbury's getting on hain? the acquisition would cost $1.3 billion. do you know that's a 38% premium to hain's current enterprise value? $17 stock worth 26 to an acquirer. better than a sharp rice dream in the eye. that would still be so much smaller than cadbury that kraft could buy it with both. i would certainly buy hain first. wow, this stuff is so good. i had it in my coffee the other day, you couldn't tell the difference between this and battery acid. i'm not the only one who thinks this is a good idea. just check out yesterday's "new york times." despite their prices, gourmet teas thrive as global economy sags. which of course i would have written differently. i would have said expensive global teas thrive by hain,

hardesty capital management. we've got the housing market report and housing show something improvement here. we need the consumer though, right, to come along, that's the next piece of the puzzle to fall in line to dictate where the markets are going. >> i think consume er r is alre there a little bit, scott, but they're not in the high end, they're in the middle to low end. for instance, like the ross stores instead of going to a nordstrom to buy your niece a sweater she's going to outgrow, they're going go to ross. that's what i'm working with going forward is people are understanding how to spend their money better and saving at the same time. it's going through last different sectors just not only the retail secretator. >> but when in a recovery does the consumer actually have to really join the party? is it at the beginning or as we have seen in the past, say, maybe a little bit longer down the road? as long as the consumer shows up in a relatively short order. >> what you're having now is business is going

plus the new ceo, they like the new management team. big pop today. >> allegheny. >> this is one of the names you use guy's advice, you sell the good news. they signed a ten-year $1 billion contract with rolls-royce. this is where you get out of the stock. >> drop here for smithfield foods, down 2%. karen. >> yes. not a good day for pork, apparently. a little too much pork going around. we're not just talking about congress. we're talking about the hog industry. not so good for smithfield. little bit of a miss today. >> and a pop here for mexico. this is a story, by the way, that "fast money" has been all over. all over. mexico has been on a record-breaking frenzy this year trying to beat out the u.s. for holding the most guinness world records of any country. mexico has gathered the most "thriller" dancers, the largest mariachi band, and has cooked up both the largest meatball and the largest cheesecake in 2009. >> yeah. instead of worrying about guinness records, get some clean water down there. then we'll move up to guinness. >> way

managing director, tripod management limited. now, you can get plenty of ipo news and more at cnbc's market moving news site at cnbc.com. >>> and still to come, we'll check in on what's happening on the currency market sterling harsh words for the bank of england. dollars are recovering a little bit ahead of the fed meeting in g-20. plenty more to come after this. um bill-- why is dick butkus here? i hired him to speak. a lot of fortune 500 companies use him. but-- i'm your only employee. we're gonna start using fedex to ship globally-- that means billions of potential customers. we're gonna be huge. good morning! you know business is a lot like football... i just don't understand... i'm sorry dick butkus. (announcer) we understand. >>> okay. on the currency market today, starting to be a little bit under the cost. the bank of england, talking about the rebalancing in sterling, the long-term sustainable rates may have changed a little bit. sterling down 86. some caution ahead of that. joining us for more, jamie jemson, the corpor

you are getting in brand management?>> brand management. >> tell us about that. >> the reason i chose that, i have been involved the last 12 years in the operation side. i was impacting products and services i was giving on the backhand. of the creation of this solution. so, that's how i decided i wanted to go into brand and product management. i wanted to an impact to the solutions at the beginning of the front and the creation of this product. it's where you get the interaction with consumers and clients and bring the requirements into corporate or creating the solution. >> ken, you're in finance. school just started for the year. you have new students that must have real questions about the role finance has played in the economy we're in right now. is your first week of teaching different than in prior years? >> this week, no. the past 15 months have been an extraordinary learning experience for anyone in finance or anyone in business, for that matter. frankly, in my class last year, i had to set aside 20 minutes to -

collins also manages the individual business of security company, and pacificcare. next, mr. brian sassy. welcome, thank you for being here. mr. sassy is president and ceo of the consumer business unit for well point, inc. responsible for the company senior, state-sponsored and individual under 65 businesses. previously, mr. sassy was president of blue cross of california. and chief executive officer of its life and health affiliate. he also served as vice president of operations, and strategic initiatives for blue cross of california. and general manager of small group accounts for the west region for wellpoint, incorporated, the parent company of blue cross of california. thank you. miss patricia a. farrell. welcome, miss farrell. miss farrell is senior vice president of national international business solutions for aetna, incorporated. leading divisions which provide health insurance for the federal government, tricare and state medicaid programs, and other businesses in the u.s. and abroad. previously, she was the senior vice president of aetna specialty products and medi

that's agreed by management and labor. you want to maximize production but you don't want to have draconian rules and powers which aren't productive. host: on a personal level, you never had that incident where union members would accuse you of turning to the other side or not being attuned to their concerns because now you're a member of -- quote -- "management." caller: even when i was a steward i got accused of that. you don't understand my plight, that would be the thing. i said, no, we can only work within the rules. we have a management-labor agreement. host: what kind of union was this? what kind of work? caller: government work. host: thanks for the call. boston is next. good morning to joan on our democrats' line. caller: good morning. i just want to say that i think when the unions work, they work well. oftentimes they don't work the way that they should. my husband worked for an airline, and after 9/11 they had a contract in play, so they had no choice but to hopb more the contract -- but to honor the contract.

i just know i love to manage. it's what motivates me. feel like my job is to motivate the players, try to get the most out of the players on a daily basis. i think there are so many things that go into that decision that are not strictly in the manager's hand. i have to respect any decisions made. i hope i get the call, but again, you have to deal with it if it doesn't go your way. it's what i love to do and i hope i get a chance to continue. >> have you seen a difference in the players and their response in the time since you've taken over? what have you seen that's been improved? >> i don't see any difference in the response to me. i just think we hit a point where we were just so bad, we were just not playing good baseball. we were giving an effort, but we weren't getting any results to speak of. i think that the players during the all-star break collectively, whether it was conscious or subconsciously made a decision. let's go. we've got this break here. we've just got to be better than that. i happen to be managing at that time. you

at the most management was able to see that. it is very complicated. i think the cloud before the eyes has been removed. we ought to take advantage of that nature does not return. >> thank you. >> mr. miller? >> thank you. last fall when lehman collapsed and aig was rescued, i felt like i was not a conscious member of this committee. i had very little understanding of credit default slots. then i came to realize and no one understood them. that made me feel a little bit better about my own level of consciousness but made me feel worse for the economy and the world. in your testimony, you a did by credit default swaps as something that had exasperated the risk that our economy base. the great bulk of credit default swaps are between parties, none of whom have any risk to manage. they have no interest in the underlying whatever it is. in your testimony, he said some kind of risky behavior should not be allowed of institutions that are systemically important. do you believe credit defaults swaps, where nobody has any interest in the underlying security, s

to manage contractors.message was received by the department of defense, and they are currently engaging in a number of efforts to improve that. that doesn't mean by any stretch of the imagination that everything is solved, and the department of defense would say it u[ñtakes time to get where t want to get. but they are pursuing that path. host: we are talking about contractors in afghanistan and iraq, our next call is from oregon, jim. caller: yes, i am repeating what a previous caller said, that mercenaries is what we used to use instead of contractors, both being the same. i am wanting to know why is the real reason we are in afghanistan. it used to be in world war ii people who resisted the german people were called resistants. and now we call the people who are against our being there are insurgents. which is the meaning of resistants. host: jim, we will leave it there, mr. swarltz is there a difference between mercenary and contractor? guest: in the book "the prince" the term was used mercenary often,

company westrock, with about $1.4 billion under management. michael jandreau is the chairman of the tribe. michael congratulations on the deal. why is a native american tribes interested in owning the wall street? first thank you. is owning up part of wall street is generated by the lack of services that exists at our reservation level. for years and years under the treaties that were agreed to by the tribes services were to be generated for health and for education and welfare housing for those activities that mequality and quantity of life. how does this deal considering was brock is in lower manhattan and the tribe is located out in south dakota? first of all is our desire that the capital of is generated will allow us x access and generated back to the tribe can help us meet those many obligations that exist there. as a sovereign entity of the triad it does not have to pay income taxes federal taxes on profits generated by their business interests already including establishing casino agricultural and prescription will the same be true fro

the managing entity has the power to regulate zoning. this means federal management plans can restrict how residential and commercial property owners make use of their private property without any notice or warning. the national park service currently has billions of dollars in maintenance backlogs. earlier this year congress passed s. 22, the omnibus public land management act of 2009. it created 10 new national heritage areas at a cost of $103.5 million. the santa cruz valley national heritage area act locks up even more land, infringes on more private property rights and spends more taxpayer dollars to add yet another heritage area to a system already overburdened. furthermore, the proposed 3,325 square mile heritage area in arizona is located in the most heavily trafficked u.s. border. the u.s. border patrol faces many obstacles. designating this heritage area will prevent them from create more obstacles for the u.s. border patrol. it is detrimental to get drug trafficking under control and represents irresponsible governing. mr. spe

it is similar to managed care, requiring providers to meet a patient's needs for a monthly fee. >> it causes us to think about preventive measures and when a patient needs access to the system. the system right now is largely predicated on a fee-per-service system that is an episodic in nature. there is not a whole lot of incentive for providers to keep people well. >> it includes a proposal in the house that mimics the managed care approach, rewarding doctors and health systems for better patient outcomes at a lower cost. >> it specialist would take care of you in the hospital. at the time of this charge, we would be careful about how you do not get readmitted to the hospital. we may decide we are going to spend more on health care workers that might go inside your home. it >> the executives like the proposal also controversial. >> there is something to be said about the people that may not be covered. >> i think it is important for patients to have some skin in the game. this is free, you will abuse it. if you have a skin in the game, you will be more conscientious in what you do. a

fritz henderson and other top managers won't see their pay restored. their salaries are limited because of the terms g.m. agreed to whe accepted loans from the government. >> paul: monday, we kick off our special series "lessons from lehman." we look back at the bank's failure, and ahead to what's next for the financial sector. >> susie: u.s. clinical trials show a single dose of swine flu vaccine is enough to protect healthy adults. the finding could double anticipated vaccine stockpiles this fall and lead to more people getting immunized faster. world health officials had thought two shots would be necessary to protect against the h1n1 virus. sanofi aventis glaxosmithkline and novartis are among the firms making the vaccine. >> paul: the first liability case involving merck's osteoporosis drug fosamax ended in a mistrial today. jurors said deliberations had grown ugly and they couldn't reach a verdict. in the new york trial, a florida woman claimed the drug caused dental and jaw problems. no word yet on a retrial. merck faces 900 suits related to fos

all they have managed is two touchdowns.is play calling has been called into question by both fans and media alike but as the team returned to practice today the players remained squarely behind their boss. >> i think things have got to continue and then will eventually work. >> some other stuff could have happened. >> strangest thing about this sunday's game will be looking across the field and seeing one particular man in a lion's uniform who just doesn't look right besides anything in burgundy and gold and that would be that man, jon jansen. after 10 seasons he was cut this off season promptly signing with detroit. he will suit up this weekend. but his former teammates in dc say it is going to be strange. >> he was a good teammate for a long time and now that he is in a detroit uniform it will be a little bit different. >> say hello to him and everything. wish him well. >> meanwhile in philadelphia today the eagles are preparing for michael vick's first regular season game. vick is eligible to play this weekend against th

so you'll have a flesh wound to the managed care industry.'t have that death sentence that's priced into the stocks right now. >> it's karen. you don't think as she was speaking that was a message coming from the administration? you think she was speaking on her own? >> i think she has to cover up the fact that her number two just said he would take a bill without it. we have this give and take going on. there's no harm in trying one more time for the public option. but we can find seven, eight, nine democrats in the senate that don't want to be able to do this, and that makes it much more difficult. they could also be setting the framework for a trigger, which means that in three years if some specific conditions aren't met that you do have a public option in the plan.. that's another option. i think that's why the managed care stocks took a hit today. but i don't think it would be that damage because of the politics in those moderate democratic states. >> so dan, unh is a name we talk about a lot. valuation if nothing goes through it's got

not government management.e society or so-called utopian society. >> i just want to hone in on fannie and freddie. your thoughts on that. part of your action? part of the cosponsorship? i have not heard any whisper in washington about an exit. >> there is one piece of legislation that actually has that in it and it is republican house plan that we introduced about three months ago. we would privatize those companies and make sure that in the future, there was no implied government guarantee. >> congressman -- >> what we've done, we choked out the private sector. you say, well, you know, they handle most of the mortgage. they do, but they're subsidized by the government. >> and does it worry you they're making loans with 3 and 5% down? >> oh, absolutely cht it worries me that sense september, although a lot of the companies, there is market discipline and when people have failed and we need to let more people fail. we need to -- we've actually tried to prevent failure and rewarded it where we ought to be rewardi

many fund managers look to dump their losers for the year. could their trash be your treasure? breaking is down for us is gary peninski. nice to have you here. >> i'm still thinking about having a 17-year-old just starting to drive. >> which is scarier? >> the credit card. >> no credit card for you? but here are the keys to my honda. gary, walk us through. what typically happens in october? >> when i was here last, joe and i had spoken on the show about the fact many money managers who market themselves as active managers and closet index, it's important for viewers of this show to take advantage of knowing that in terms of their own strategy. the fear to not own stocks really became the major factor in late august. that's what drove the markets through september, the fact that many managers holding cash, the fear of owning cash was worse than actually the fear of owning stocks in march. when you get to this time of year, what we typically did when i was managing money, what we would do october 1, we look what's been the worst performing names in the s&p 500? it's a great place

a good risk management process. that the combination of the talent -- and we'll look at that to ensure we keep the best talent of both entities -- and so we feel that we can set this up in a way that really positively reinforces to come out with a better outcome. >> you had the cash to do this, too, right? >> yes. we kept the company strong through this market meltdown. in fact, our balance sheet, capital position is quite strong. our liquidity position is quite strong. we actually went out in a proactive way to raise money in case the markets didn't recover, because we thought there would be good opportunities to take advantage of. clearly, even our investment portfolio today is turned into a net unrealized gain position rather than a loss position that many others are still facing. >> when will this be acretive to amp? >> in the first quarter. >> integration costs, you're factoring those out, but after that it will be immediately? >> yes. >> all right. how much, at this point, is fixed income versus equity and aft