michael roth: i do think there's the crass version and then there's the cultural version. the crass version is people are much more likely to donate if their children get in. many children get in because they're the children of alumni. hari: the end of affirmative action has made the application process even more intense for many students. but because in his opinion, chief justice john roberts wrote universities can still consider "an applicant's discussion of how race affected his or her life, be it through discrimination, inspiration, or otherwise," the college essay is how many students are hoping to distinguish themselves and highlight diversity in their backgrounds. sarah lawrence in yonkers, new york, is addressing roberts' statement directly. the college's president cristle collins judd and its head admissions officer kevin mckenna believe this encourages applicants to think about how the ruling affects them. you made the decision to almost cut and paste the decision of the supreme court as one of the essay prompts. why? >> so as the decision came out and we read th

but michael roth has used it as an opportunity to end the practice of letting students in because ofamily connections. 20 into the decision to do away with legacy admissions? >> this is something i have been thinking about for five or six years. then this summer, when i read the supreme court opinions, that were so self-righteous about not using affiliation with router groups to judge an individual's case, and we can't use affiliation with a racial group, i thought to myself, how can we continue this practice? how can we give an advantage because of who your parents were? hari: he joins a small group, including johns hopkins and amherst, which ended legacy admissions before the court overturned affirmative action. if you weeks after the supreme court's decision, roth took the idea to the board. >> their first reaction was not enthusiastic. and i wondered, should i continue as president? and if i don't believe in the policies, when you see something that is unfair, you ought to correct it. the next day, they called me and said, we see her point, we should do this. hari: what about the

and then we have michael dara strategists for rossi and km. just back from -- rothack from japan. what did you learn from tokyo and kyoto? michael: it was an incredibly beautiful city. for people that never experienced it imagine a city three times the size of new york city with no litter, no crime and almost no disobeying traffic lights. it is quite a trip. you have to experience it firsthand to leave it. tom: someone would say they are inventing inflation. do you see historical analog that any country can manage inflation higher successfully? mike: sure. if you believe in the power of the central bank that is essentially what is happening. the discussion you had earlier you hit it on the head the problem with the boj as they cannot hit two targets with one arrow so if you pay an interest rate you cannot also pay the currency or control the price level perfectly. so what is happening is you have to adjust the rate based on macroeconomic conditions. it is different in the sense that central bank will typically target the short-term rate policy in japan because the z