for its part, mark lynch said that the firm had been mismanaged after h.p. took over the firm. dispute has been enough to knock 12% off with the price. >> what does this mean for hewlett-packard? >> hewlett-packard is in a difficult position. meg whitman taking the top job. she is cutting around 29,000 jobs in an attempt to save $3.5 billion. this is because there is a big shift in consumer demand away from traditional desktop pc's. that is an area of the market that h-p is not a very dominant in. many have said they have missed the boat and allowed rivals to overtake it. they are in a tough position already. they were misled about this deal. also given to changing market, it was difficult to see how the firm could turn itself around. investors are not convinced it can do that. >> this is not the first bad by force hewlett-packard, is it? >> there has been previous issues. this is the biggest in terms of having to write off an investment. i was at the floor of the new york stock exchange today. investors said they did not see this coming. a big surprise for investors and a big

professor mark lynch is not here yet, so i owe mark great gratitude for giving me the opportunity to give a life-long dream and be clint eastwood. in march of 2011 the state department sent t.j. where we had the privilege of having events at boston university, emer son college, and we threw a fine lunchon where he wowed our crowd. and m.i.t. which he was not responsible for that part of his itinerary. over the weekend i'm driving in new england and listening to n.p.r., state department spokesman t.j. crowley has just resigned. on monday morning i had so many calls and e-mails, what did i miss by not going to that lunch? he is a man of great candor and principle. he got in trouble for saying something about the treatment of private bradmauning, the wikileaks thing, and i owe you all a great thanks for being here today. f. >> thank you. [applause] >> i resigned two hours after the tour. i don't want you to take that personally. so we are coming up on the two-year anniversary of this thing called the arab spring or the asia wakening, or the arab uprising. so from almost two years when a

professor mark lynch is not here yet, so i bomarc great gratitude for giving me the opportunity to live a lifelong dream and the twenties could. [laughter] and p.j. crowley who needs no introduction because the moderate in the last panel, i do want to say something. in march of 2011 weeks into the air of spring, the state department sent p.j. to his hometown, boston, where we had a great privilege of having events at boston university school of communication, emerson college, and we through a fine luncheon where he wowed our crowd. >> and mit. >> and mit, which all boston was not responsible for. so over the weekend i am driving in new england and listening to npr. the state department spokesman has just resigned. well, thank you very much. my members loves you, but on monday morning i had so many calls and the males, what did i mess by not going to that luncheon? he is a man of great candor become a principal, and trouble for speaking truth to power in saying something about the treatment and attention of private brad manning a over the wikileaks thing. you have ready on your feet. i o

stephanie block, our social media girl, patricia bovan with sumantec, patricia lynn with merrill lynch, barbara mark with -- barbara mark and her friends, over there, yeah, waving, her friend's friends table. please help me applaud these wonderful women. esther caldwell with delloyd could not be here, she is expecting twins and is on bed rest. i also want to say that today really the details of today, as you know, those of you who do event planning, would not have been possible without our event chairs. i want to acknowledge the 4 co-chairs, it takes a group of friends to put things together. help me acknowledge meg mccallister, cinta lynn really paid attention to all the details of this luncheon today. just like the script, i'm not used to having a script but i have it keep on time here. so i also would like to recognize our honor area event chair, first lady neat ta lee. she could not join us this afternoon but sends her thanks for your support. but i have the privilege of welcoming and introducing someone you all know, a very special guest with us today, our much-esteemed mayor, mayor ed lee. joi

[laughter] professor mark lynch is not here yet so i owe mark great gratitude for giving me the opportunityto live a lifelong dream and be clint eastwood. [laughter] p.j. crowely who needs no introduction because he moderated the last panel, i do want to say something. in march of 2011, weeks into the arab spring, the state department sent p.j. to the home down, boston, where we had the great privilege of having events at university schools community cations, emerson college, and we had a fine lunch chon where he wowed our crowd. >> and mitt. >> and mit which world boston was not responsible for that itinerary. over the week, i'm driving in new england, listening to npr, p.j. crowely just resigned. well, p.j. thank you very much. my members loved you, but monday morning, i had so many calls and e-mails from members, what did i miss by not going to that lunch. [laughter] he's a man of great candor, principle, got in trouble for speaking truth to power and saying something about the treatment of private brad manning over the wikileaks thing. you landed on your feet. i owe you all great thanks

i saw mark lynch in the hall. i want to thank him. the other thing, i meant to mention a book p.j.ust mentioned the ikenberry book. especially to the students that are here. jonathan heightses, "the righteous mind." how you change peoples' minds. i think it's a deep and important question that he explores that unfortunately we don't have time to talk about today even though we talked about a lot of interesting things. >> there is a lot of state department people here. who's budget are you taking the money out of? >> i think i gave a hint before. i think we should -- i'm reading a book in which a passage about why are there so many embassies somebody invented the telephone. that was a while ago. you know, i just think we need to look at what are our priorities. how do we reach the important national goal and give the way the state department is structured. that's the best way to do that. it's easier -- judith d a great job reorganizing diplomacy. it's easier to do than than the whole state department. i'm talking about shifting dollars. >> i started off my ten your by saying this wo

lynching you continue to read about in the media. >> what happens now that one party has complete control of the state budget. >> and a land mark day for the most expensive project in california history. the new bay bridge now hanging out all on its own. just a bad employee... but'e talking about a bay area lawmaker - spending your mo. cbs 5 reporter len ramirez n the bills, the investigation >>> lavish meals and luxury travel and a lot of lost receipts. we're talking about a law maker spending your money. on the bills, the investigation and the man who doesn't really feel like talking about it. >> first of all, much has been written about in the past about my personal office's usage,. >> reporter: he spoke for the first time about wasting tax dollars on booze and upgrades for himself and his staff. he didn't deny it and wasn't apologetic. instead he went after the news media. >> i don't want you to be distracted by the political lynching that you read today and continue to read about in the print media. i want you to understand that for 50 years i've been nurtured and raised and lived in peace in this community. >> reporter: haze