workers a dollar a day and ford started paying five dollars a day god sued him to get the michigan supreme court and forty one because he said hey i'm giving my own employees the ability to buy my own cars and he was right it worked shouldn't any business whose business model relies on ruining communities and basically throwing people into poverty not be allowed to operate business that way. now wait a minute wal-mart does not ruin communities certainly they do throwing anyone into poverty quite the opposite you know average wal-mart store puts over one hundred local businesses out of business when it opens within within three years of the time buying it i i have heard this i want to tell you if it does any harm it certainly does an awful lot more good now there's always unintended consequences however most people particularly in this economy are looking to save a dollar at every turn and if you raise prices sales fall off and if sales fall off they're not going to need all of these people working and there will be a lot of other issues raising prices you think that house with twelve dollars a y

i'm agreeing with you if corporations mandate and their legal mandate i mean you know the michigan supreme court case back in one thousand nine hundred forty established that their mandate has to be to generate greater profits if that's it and we have made it and the supreme court actually it's never been passed by the legislature it's never been even advocated by a president been decried by presidents since since jefferson but if the supreme court says money is speech corporations are persons corporations have the right to basically bribe politicians not call it bribes how do we fix this that's absolutely right you know our political system works for these big corporations these wealthy donors it doesn't work for working americans you know it public campaign we support legislation like the fair like it's now act which would allow candidates to focus on their people back home they could raise money from people back in their district back in their state and they could be competitive without having to rely on these k. street lobbyists or and you had leave it to you know i used to live in portland

also extended well north, dropping golf ball sized hail on michigan and sweeping heavy rains and winds across upstate new york. the u.s. supreme courtsidered today when lawmakers should recuse themselves from voting on official business. a city councilman in reno, nevada had voted on a casino project, even though his campaign manager served as a consultant for it. an ethics commission censured the councilman, but the state supreme court ruled the ethics law violated his free speech rights. those are some of the day's major stories. now, back to jeff. >> brown: and we turn to the federal reserve on an unusual day of both substance and appearances. >> good afternoon, welcome. >> brown: it was a standard greeting, but hardly a standard setting, as federal reserve chairman ben bernanke held the first regularly-scheduled news conference in the central bank's 98 year history. the fed has long been seen as a secretive, even mysterious institution, pulling the levers of the economy wizard of oz-like from behind a magic curtain. bernanke said he hopes to change that. >> i personally have always been a big believer in providing as much inform

michigan, the bar association is self-regulating. the attorney discipline system is run by the lawyers. it has ultimate oversight with the supreme courtrievances filed with the state bar are self- police. i came up with statistics. who is trying to figure out how we were doing ethically in the state of michigan. in 2001, there were 34,473 members of the state bar. that year, there were 3575 request for investigation. there was a 10.37% rate of infection -- infractions or incidents. in 2010, there were over 41,000 attorneys and only around 2800 requests for investigation. that would seem to suggest we're doing better and ethically. that runs contrary to what one would think. i think we have to focus on a few things. one thing i would urge you to consider is that there are a lot of challenges going on in the legal profession that impact the way we do business and the pressures on us as practicing lawyers. as weeve in today's world become more high-tech and fast- paced and less interpersonal, there is a change in our cultural ethos that affects everything, including the way we practice law. i feel fortunate to be practicing in the state

michigan law term. it was a judicial law clerk to harry edwards here in the d.c. circuit as well as sandra day o'connor in the united states supreme court from 2003-2004. it is our great pleasure that have dr. winter and mr. grimsley here. >> please to be here this morning. i will be presenting the results of the national academy investigation into the causes of the deepwater horizon. i will know that that i will be presenting what had been our interim findings which were first released back in november, and because of the process than -- that the national academy goes through with a formal peer review one of our findings, the next phase of our report which hopefully will be available around june has yet to be released. i will be giving you the report that we gave to the secretary and the staff back in november. in fact, i will be using the same charts for the most part during the presentation. on our activities in the reason for it, the national academy of engineering does such study as a matter of course. this one was in particular a request from secretary salazar. our focus is very specifically on the causes for the blowout explosion

michigan law term. it was a judicial law clerk to harry edwards here in the d.c. circuit as well as sandra day o'connor in the united states supreme court from 2003-2004. it is our great pleasure that have dr. winter and mr. grimsley here. >> please to be here this morning. i will be presenting the results of the national academy investigation into the causes of the deepwater horizon. i will know that that i will be presenting what had been our interim findings which were first released back in november, and because of the process than -- that the national academy goes through with a formal peer review one of our findings, the next phase of our report which hopefully will be available around june has yet to be released. i will be giving you the report that we gave to the secretary and the staff back in november. in fact, i will be using the same charts for the most part during the presentation. on our activities in the reason for it, the national academy of engineering does such study as a matter of course. this one was in particular a request from secretary salazar. our focus is very specifically on the causes for the blowout explosion

michigan law term. it was a judicial law clerk to harry edwards here in the d.c. circuit as well as sandra day o'connor in the united states supreme court from 2003-2004. it is our great pleasure that have dr. winter and mr. grimsley here. >> please to be here this morning. i will be presenting the results of the national academy investigation into the causes of the deepwater horizon. i will know that that i will be presenting what had been our interim findings which were first released back in november, and because of the process than -- that the national academy goes through with a formal peer review one of our findings, the next phase of our report which hopefully will be available around june has yet to be released. i will be giving you the report that we gave to the secretary and the staff back in november. in fact, i will be using the same charts for the most part during the presentation. on our activities in the reason for it, the national academy of engineering does such study as a matter of course. this one was in particular a request from secretary salazar. our focus is very specifically on the causes for the blowout explosion