those of you who are sports fand s the new york jets had a wide receiver named don maynard who e left asr. the afl all time leadg pass catcher much during super e bowl three. joe namath and the upstart jetsr over the baltimore colts, maynard never caught a pass andg afte r namath just missed connecting with him in the games they used maynard as a decoy to take himtr out and free up othec receivers. he's going to be the decoy, take people out, he's going to neutralize them while other individuals might accomplish the task that grant might somehow be his own. grant made sure in the summer of 1864, that if virginia can't be the theater of decision for him, it will not be the theater of decision for robert e. lee either. to do this, however, he does e have to wrestle with the issue of jubel early in the shenandoah vall valley. after -- this is what the peoplh underestimate, exactly how much damage early did. he was expecting reinforcements, including the 19th core to arrive at petersburg when early moves north, not only does grant have to send the sixth porter, he also has to earmark the

a few words about the two main characters in the book, because they are indeed fascinating, john maynard keynes and harry dexter white. they are as different as chock and cheese, or bourbon and afternoon tea. that one i like in particular. these were two men who had a grudging admiration for each other. white certainly considered keys a gene just, which he was. keynes admired white for his emom us influence. morganthal depended on white. white was a remarkably influencial figure. here is what keynes said. he has not the faintest conception how to obey or observe the words of civilized intercourse. the work of a lawn i tuck or some sort of bad joke. an emotional outburst between the two in negotiations you can really get a sense of the disparity in their backgrounds, and how conscious both men were of this. white -- keynes ex-ployed at white and his deputies, all of whom the major ones were jewish, as was white and morganthal, he says this is intolerable. at one point, white fires back, we will try to produce something which your line necessary can understand. keynes was not only the famo

imposed on issuing debt on germany for war one and which back then before the treaty was signed john maynard keynes warned would provoke the next great war. and keynes was right and the conventional wisdom among international policy makers was wrong. history and the examples of germany and scandinavia right now shows that high levels of unionisation trade and taxation policies that favor the working class over the rich and heavy regulation of the banking and speculative industries will build a strong and healthy working and middle class and thus a strong and healthy economy. instead the united states and much of the e.u. still cling to fatter nomics and reaganomics and the result is the continuing decline of both economies both here in england. until the corporate elite and our billionaire class are under control in our working class once again can enter the middle class we stand at the precipice of a great crash without vigorous governmental action to radically reduce student working family debt increase wages and suppress speculation that crash comes closer to us every day. and that's the

for our maynard webb office hours segment.now you are close with aaron and you are an advisor to him. was this the right decision? >> that's a question for aaron. i don't know all the facts about it. fannin he willn figure out the right thing to do. outside, was that a mistake to file when they filed? >> timing is always interesting. i would not say it's a mistake. if you raise money in the spring of 2008 and it looked brilliant and if you are waiting to get your business a little further along and you did not raise money, you look like an idiot. the market timing is not something you ever tried to get her they right. you try to build a business for the long haul and that's what he is trying to do. >> when boxer of build there is talk about how much they are spending on marketing and if that's sustainable, is there a bigger picture problem that he needs to be thinking about? >> i'm sure he's thinking about how to grow a great company. what does he need to do to get the talent and the products into customers hands in a way they

those of you who are sports fand s the new york jets had a wide receiver named don maynard who e left asr. the afl all time leadg pass catcher much during super e bowl three. joe namath and the upstart jetsr over the baltimore colts, maynard never caught a pass andg afte r namath just missed connecting with him in the games they used maynard as a decoy to take himtr out and free up othec receivers. he's going to be the decoy, take people out, he's going to neutralize them while other individuals might accomplish the task that grant might somehow be his own. grant made sure in the summer of 1864, that if virginia can't be the theater of decision for him, it will not be the theater of decision for robert e. lee either. to do this, however, he does e have to wrestle with the issue of jubel early in the shenandoah vall valley. after -- this is what the peoplh underestimate, exactly how much damage early did. he was expecting reinforcements, including the 19th core to arrive at petersburg when early moves north, not only does grant have to send the sixth porter, he also has to earmark the

jacob maynard works with markets in europe and north america. >> the transformation has been revolutionary. it has opened up a lot of opportunities to come out here. before it was a nightmare. now it has opened up. more convenient to go west and east. >> until recently, china has always relied on foreigners for railway engineering. even a decade ago it was european know-how that started to move into high-speed rail. now china builds its own. tonight the technology is stolen from others. >> one of china's new generation of bullet trains already 12,000 kilometers of high-speed track and once to die in -- double that by the end of the decade. critics worry about corruption, safety and the price tagged. this has already cost 500 billion dollars. the government is not listening. they want to exploit the technology a broad. >> chinese media call him the railway salesman. the prime minister pushing for contracts whenever he goes abroad. here in the u.k. last month. china has already won high-speed is ms. elsewhere in europe. ambition does not stop there. west across china through central asia, a

all they cared about was john maynard keynes. he was remarkably astute about the perils of britain's situation and how the americans could exploit it. he pointed out early in the process that british freedom the that social economic was impossible without further assistance and it was painfully eliminated. the americans are strong enough to induce that must of our friends to walk out on us. he warns against them using the opportunity to pick out the eyes of the british empire and they needed to warn britain from becoming a "satellite of the united states." there was a quarter of the united states using the grants as post war credits to impose the american perception. he was the world's worst diplomat. in 1917, during the first world war, he made the first official trip to washington as all his trips it was a begging administration to the u.s. treasury. here are some of the comments that came back after he came back. he was too offensive for words. these quotes came from the british ambassador and his financials. [laughter] natura

it starts out with the quote that steve mentioned from the economist john maynard keynes and i will read it in its entirety. lenin was certainly right there is no means of overturning the existing basis of society than to be botched the currency. the process engages all of the hidden forces of economic law on the site of destruction and it does it in a matter of which not one man and a million is able to diagnose. and we say in the book that unstable money is a little bit like carbon monoxide and you don't know the damage that it's doing until it is too late and that is because people are not always aware when the government is weak in their currency and the only see the effect of that which is one reason why debasing the money is so corrosive and people say that it's about greed but in fact it's about trust. money prevent strangers from all nations and societies and walks of life to come together and conduct transactions based on the commonly agreed-upon nature of value. in this way it promotes cooperation between people and serves as an instrument of communication as well and tells us

up until that point, i assumed that lor--john maynard keynes had said everything there was to say about economics. but once we got stagnation and inflation at the same time, it was quite clear that someone had to revise economics. and although i knew i couldn't do it myself, i--at least i wanted to understand what was going on. so i took the year off, and i came to washington at the american enterprise institute, and mr. ford had just lost the election, so that laurence silberman and bob bork and nino scalia all came out of government. and before going on to their other careers as judges or as professors, they spent something like six months at the american enterprise institute. and we had no cafeteria then, we had no lunchroom, so we--the four of us brown-bagged it every day and just talked. then jude wanniski came down on a fellowship--he was writing his book then--and he started talking to us about supply-side economics, which was very interesting and about which we knew nothing, and those were a very stimulating peri--that was a very stimulating period for all of us. at our luncheon

as we define it, it's more of the belief after john maynard keynes of england who really felt you mustgoth intervention. the fed is not necessarily the government, but the federal reserve is, of course, appointed -- at least the chief is appointed by the u.s. president, ben bernanke was appointed by president bush and, of course, janet yellen by barack obama. do you feel that at some point, it's been several years that we are now at such low rates. we have got to make these markets and investors and the rest of americans grow up and prepare for tighter rate environments. the last three cycles like this we were raising rates when unemployment was higher than 6.1%. >> right. you know, there are two views on what the fed is doing. one is the view that the fed is behave anything a keynesian manner to stimulate demand through lower interest rates. low interest rates means the stock market bubble which creates net wealth and more spending, it also helps firms refinance their debt and spend more, and it helps people buy houses. there's another view of what the fed's doing, and that's kind of

they talk about maynard keynes but keynes himself realized deficit spending was an exceptional thing.when there was a slump he said he can spend more money but he never dreamt of people running deficits year in and year out. that really only came in the 60s because they adopted the circular arguments saying they would have growth so we need to run a deficit to beat well. it's a slightly crazy argument and you hear it now from people on the left. it's not a keynesian argument. keynes himself grow up in the victorian era. he was 31 in the first world war broke out so his whole childhood and youth was conditioned by this balanced budget framework. that he thought was the opening. he said look in exceptional times you can borrow more money. he wasn't envisaging that all the time. the analogy i use is if you have kids the victorian approach what if they had tv which is a big is coming to can't watch television ever. keynes view was you can watch two hours when you need to and now we have the tv on all the time. [laughter] so you know to grow the deficit in order to get growth i think is wr

. >> when authorities charged maynard high school teacher joe magno with raping a student multiple timesthis town was: did anyone have any inkling... >> you have to be talking to advocates. you got to be talking to victims. you got to be talking to police authorities. you've got to be talking to school authorities about, what are the responsibilities? and what he has shown in this story is particularly that the district did not respond, even though they had inklings that something was going on and had been told by somebody that something was going on. and this is the kind of journalism that's more important than the latest car crash or the latest shooting, or, you know, the latest visit to the city by a movie star. >> yeah, we couldn't have done that story in one week. wouldn't have been possible. these stories unfortunately, or fortunately, you know, require a lot of time. they require a lot of time, especially you have to do for television, because it's much easier to do for newspapers, because now we do it for everybody, so we know it's much easier to write a print story than it is to

i started to approach into the kitchen area, he went out the back door and ran right into trooper maynarde was cuffed and read his rights, charged with the murder of his second wife, betty. the deepest secrets of the reverend schirmer were about to be revealed to all. he would stand trial in a case that would leave a small pennsylvania town abuzz with its ungodly charges. prosecutors seemed to have a strong case. but don't underestimate the defense. >> he did a lot of things that weren't appropriate in the case. that doesn't make him a murderer. ret it. what about him? healthy like this super smoothie. yeeeeuk! the perfect man and the perfect snack, don't exist. you sure? try dannon oikos greek nonfat yogurt. perfect cause it's healthy with 0% fat and 12 gr. of protein and so creamy. mmm... could be the perfect... oh! ladies. snack, john! the perfect snack! dannon oikos. possibly the perfect snack. ♪ dannon! to get a tender steak like these that i picked up at walmart. look for great marbling. just the right amount brings out the flavor in heaping forkfuls of joy. try all-natural steaks f