joel kurtzman has a number of skills besides helping mike milken at the milken institute. one is he actually understands beer while we are a bunch of amateurs. blue ribbon, pabst which is like playing for the boston red sox. what was it like working for pb r a few years ago? 30,000s inside a tank of gallons up to my knees and what we call wort. the mix of all the grains that you boil up, then it ferments, and then guys like i in college sweep it out and clean the tank. >> was it like to the rochester -- did you get to drink pbr? >> the brewers were drinking constantly all day long and big thermos-sized -- >> ok, so we know where you work, what do you actually drink, joel kurtzman, and jed, you follow. >> i like sam adams. i am from boston. >> you are a patriot. >> yes, i am a patriot. >> would you take a batss ale? >> i do love it too. it is not too hoppy. >> jed, what do you like? >> i live in the san francisco, which is one country -- >> oh, you are so sensitive. >> i cook with beer. even the chicken impaled on the can of beer that you rose, just open the beer first. dar

acquisition activity was the can they refer to it as the m n a mania you know when you had michael milken and all these guys. they're making the deals in the captains of the universe in this moment consolidation and no president has gone back i mean jimmy carter was the you know presiding over the breakup of a t.n.t. that was initiated i believe by richard nixon was the last president to seriously enforce the sherman act are there sure many problems here you don't want to hear i think this raises clear questions about antitrust about competition every time the largest provider buys the other second largest provider of cable services then you really need to question whether this is going to have a chilling effect on how position the marketplace does is there recourse is there anything consumers can do if they object to this chance absolutely folks can check this out at free press dot net we have an online petition going which is really important to let folks in washington know that folks in their districts care deeply about this deal and see it for the sham that it is for consumers so folk

former editor of the harvard business review and senior fellow at the milken institute his book of a"unleashed." out february 25th. we have known each other many years i want to congratulate you on the book. as it can to validate what most of us are told this is another american century. u talk about creativity creativity, energy, capital the factoring,, all that stuff we got but we don't seem to be driving. >> if you take a walk around cambridge massachusetts as you have, you see the forefront of world history taking place. the world leader in biotech a and computing and prayed research in medical research no place of the world has anything like that. we also have seen diego and santa cisco with the 10 centers like that. china would like to ha one. we have 10. that is our window on the future and it is working well. lou: but it has always been a place where knowledge was absolutely the ultimate currency. >> now you can get a good coffee. [laughter] you say american companies are producing one quarter of the world's gdp? >> what has happened the positive trends going on in the u. s h

former editor of the harvard business review and senior fellow at the milken institute his book of ash -- "unleashed." out february 25th. we have known each other many years i want to congratulate you on the book. as it can to validate what most of us are told this is another american century. you talk about creativity creativity, energy, capital the factoring, all that stuff we got but we don't seem to be driving. >> if you take a walk around cambridge massachusetts as you have, you see the forefront of world history taking place. the world leader in biotech a and computing and prayed research in medical research no place of the world has anything like that. we also have seen diego and santa cisco with the 10 centers like that. china would like to have one. we have 10. that is our window on the future and it is working well. lou: but it has always been a place where knowledge was absolutely the ultimate currency. >> now you can get a good coffee. [laughter] you say american companies are producing one quarter of the world's gdp? >> what has happened the positive trends going on in t

candidate for women, the labor candidate has made an endorsement today, he has endorsed milken's, david miller band. >> mr. speaker. if i were him i would not be talking about candidates this week of all week. what is the tory party doing? removing one of their most senior women and seeking to replace her with an old -- the conservative party -- he didn't ask her the question. i will tell him what the gender pay gap is increasing. the minimum wage has been losing value. the growth of bureau contract and the problem women have accepting child care. he promised to modernize his party but he is going backwards. he runs his government like the old boys' network. he is failing women across his party and across the country. when six questions and invitation to condemn the strike today -- isn't that approve? he raises constituencies elections in a week when he completed rolls over to the trade union. let's be clear about what is happening? they keep their votes and get more power over discretionary funding and get 90% of the votes for their leader. he told us he is going to get rid of the red

i remember when michael milken made a half million and the outrage. now we've got a whole bunch of hedge fund guys who are making that sort of money. shouldn't they share a little more? there are people out there suffering, especially in the years after the recession. >> they did a good job postponing the day of reckoning. my idea is it is coming. given the deficit the united states faces, the amount of money most people have, the day of reckoning is coming, the top 1/100, you have to start somewhere. >> let's listen to tom perkins one more time. >> the fear is, just more taxes, until there is no more 1%. and then that will creep down to the 5% and then the 10%. i'm talking about economic extinction. not physical extinction. >> economic extinction, jonathan, i'm sure he was exaggerating, but there is a slippery slope there where you can tax people out of prosperity for everybody. >> i'm not a communist. i'm not going to talk about what the best tax rates are. i'm going to talk about what democrats are actually proposes which is not like -- proposing,

>> of all the 200 people we have on this list, we have michael milken but lou ranieri is lesser talkedvice chairman of solomon brothers in 1977 when he invented the mortgage-backed security which of course throughout the years took on many forms, but he was the original person behind that. in the 2007-2006 era, that market swelled to $2.2 trillion. as we know now, that is the culprit of the financial crisis. he was on cnbc a couple years ago and he knows that he is one of the people at the forefront of the crisis who is still to blame and this is what he had to say. >> as to my role, being one of the founders, it's my problem. i talked about it starting in '05 but obviously didn't do a good enough job to stop it. so you know, i bear the burden. >> of course, it wasn't just him. it was the people who also had these securities in their hands. they made them into exotic highly risky vehicles. but someone had to invent it first. you don't often think of innovation and financial services. he was a real in vat novator. my shoe-in is someone who is decades later thought to be at the very top

the milken institute says california lost over 16,000 movie and tv jobs over eight years while new york000. it recommends california put more money into incentives and allow more projects to qualify for them like big budget blockbuster movies. new york gives away four times the amount of incentives and credits than california does. >> i was going to say, it all comes down to that at the end of the day, the incentives. >> reporter: it's all about how much it costs. it really is. you know what, you don't have to fly your whole crew to boston or new york anymore. there are perfectly good people there. you don't even have to do visual effects in the united states anymore. >> best actress jane wells. we owed you one. have a good weekend. they like me, they really like me. jane, thanks. >>> an oscar isn't just about bragging rights, it's about money, of course. "variety" magazine has been covering the entertainment business for more than 100 years. tim gray runs the awards coverage and joins us from l.a. with a look at how much a win can generate. welcome. >> thank you for having me. >>> what

the lawyer is famous for his famous clients including michael milk milken.the wife of andrew cuomo. still on the stand prosecutors pounded her asking how she could not realize she took the wrong pill? how could she claim she remembers nothing from the accident. you've taken this pill for ten years, a prosecutor said, and you can't tell me whether or not it makes you feel tired? i guess i really don't feel about how i'm feeling when i take it, she replied. i take it, then i'm asleep no one was hurt in the accident. in the worst case she could lose her license and spend up to a year in jail. >> for a misdemeanor, not a felony. >> but a serious misdemeanor. >> our legal correspondent jean casarez was inside the courtroom before kennedy's testimony, she's joining us now. what did you see inside? what was it like, jean? >> it was an amazing dynamic. the courtroom stood still, as it always does, when the defendant was called to the stand. but in this case, as she takes the stand, her character's put at issue and she can talk about all the good things she has done.

here with us now senior fellow of the milken institute, joel krutzer.k. joel, welcome to the show. >> thank you. >> good to have you on board. >> nbc news/"wall street journal" poll came out a couple of weeks ago and they asked how many americans were pessimistic. how many were excited about the future. there were 3%. i have been saying i am the 3%. >> yeah. >> for the reasons you're talking about here, we are poised for an economic explosion over the next ten, 15, 20 years. that could last throughout the century. you're talking in this book about what i've been talking about a couple of months on the show here. it's exciting. explain why. >> it's really happening. what is so important people ignore the creativity in the united states. if you walk around the kendall square of boston, cambridge, you will see the future taking shape whether it's biotech, software, computers. the world would give anything to have that center in europe, in china, but we have ten of those. we have them in california, we have them in north carolina, we have them in texas. nob