i'm marvin kalb, quoting murrow once again, good night and good luck. [applause] [captions performed by national captioning institute] [captions copyright national cable satellite corp. 2012] >> as you've been warned, this is your time to ask questions. there are two microphones. i see one over there and one over here. if you get up to ask a question, that's going to be fine. please identify yourself and the idea is to ask a question. don't make a speech because i'll you off. i'll be very nasty. why don't we start here right, please. go ahead. >> how are you doing, old friends. i remember our days in the state department. can you assess the coverage of the israeli-palestinian conflict? is it fair? who's doing the best job? and are the wars and horrors of africa and asia any less important because they don't get coverage? >> let me take the second half of that question first. there has been a war going on in congo for well over 10 years now. it has cost more than five million lives. >> five million. >> five million people who have died of starvation, dis

this is the kalb report with marvin kalb. [applause] >> hello and welcome to the national press club and to another edition of the report. i am marvin kalb and our subject tonight, the twilight of network news. a conversation with ted koppel about democracy and the press. i use the word twilight to suggest that network news as we have no net is on its way out and something new is the merging. whether what is new will set aside the urgent needs of our democracy cannot be noted this time let's hope that it will because without a free inquisitive occasionally rambunctious media, we will not be living in an open society. the free press and an open society are intimately linked one dependent on another. if the network news is in its twilight than perhaps our democracy is facing a turning point as well. i've asked an old colleague and friend to help us understand the changes in the network news and what those changes might mean for our society. ted is known best for his 25 years as the anchor and host of nightline, but he's also be

i am marvin kalb. the conversation with ted koppel about democracy and the press. if i use the word twilight to suggest that network news, as we have known it, is on its way out and as something new is emerging. whether what is new will satisfy the urgent needs of our democracy cannot be noted at this time. let's hope that it will. without a free and occasionally rambunctious media, we will not be living in an open society. the free press and an open society are intimately linked, one dependent on the other. network news -- if network news is in its twilight, then perhaps our democracy is facing a turning point as well. i asked an old colleague and a friend, ted koppel, to discuss the changes in network news and what those changes might mean for our society. ted is known best for his 25 years of anchor and host of nightline, but he has also been a foreign correspondent, a war correspondent, and author, and he has covered many political campaigns. i shared something in preparing with this -- for this program. i ran into the following interesting thought. ted joined

i am marvin kalb. the conversation with ted koppel about democracy and the press.f i use the word twilight to suggest that network news, as we have known it, is on its way out and as something new is emerging. whether what is new will satisfy the urgent needs of our democracy cannot be noted at this time. let's hope that it will. without a free and occasionally rambunctious media, we will not be living in an open society. the free press and an open society are intimately linked, one dependent on the other. network news -- if network news is in its twilight, then perhaps our democracy is facing a turning point as well. i asked an old colleague and a friend, ted koppel, to discuss the changes in network news and what those changes might mean for our society. ted is known best for his 25 years of anchor and host of nightline, but he has also been a foreign correspondent, a war correspondent, and author, and he has covered many political campaigns. i shared something in preparing with this -- for this program. i ran into the following interesting thought. ted joined ab

i'm marvin kalb and a good night and could block. [applause] you've been warned of this is your time to ask questions. there are two microphones. on c1 over there and one over here. if you get up to ask a question that's fine. please identify yourself. the end of the idea is to ask a question. don't make a speech because i will cut you off. i will be very nasty. why don't we start on the right. please, go ahead. >> can you assess the coverage of the israeli-palestinian conflict and is the war of the hires and africa, asia any less important because they don't get coverage? >> let me take the second half of that question first. there has been a war going on in congo for well over ten years now. it has cost more than 5 million lives. 5 million people who died of starvation, disease, have been driven into the jungle. people at been killed and are fighting more than 5 million people barely covered. we've barely even noticed. i mention that because journalism like foreign policy is affected by national interest. to the degree that there i

he's interviewed by marvin kalb. they will touch on the changes in the news caused by the digital age. >> tonight, the nasdaq ceo on the dollar. he believes if the debt is not dealt with in a critical way -- here is part of what he had to say. >> many types of assets will be read-priced. bond yields will rise and the cost of finances will increase. there will not be much cash available to move into investments for the future. we will be better equipped. it will mean less spending on technology, less capital available, and less capital for entrepreneurs. a decline in american ingenuity would be a consequence and over time, there would be a decline of more -- our position. as oil prices adjust, market forces could reach a point where investors refuse to buy u.s. treasury bonds. we see investors' reaction to the potential of these realizations now through an aversion to risk. trillion7's, over $1 have flowed into bonds and a greater amount has flowed out of equities. in addition, this act set as a deterrent for investme