. >>> a mish can teacher is on the hot seat after a student and -- two students were the teach are, in an attempt to break up that fight poured tea on them. >> felt the tea running down my

and while he's had a rough patch so far, i think south carolina is going to be wide open after this mish mash in new hampshire and has a chance to get back in the fray again. >> uh-huh. what is it about mitt romney that he fails to take on tax reform in the way that you would like him to? >> yes. i hope he comes around to it but he hasn't yet. his tax plan is almost, you know, weak tea compared to the bourbon of rick perry and the

has been investment advisor for sick pacific capital mike shad locke is here he's better known as mish he also writes a very popular blog global economic trend analysis is going to break it all down for us mish nice to see it thanks for being on the show. as a version of the. on the show lauren right back at ya so let's talk about that because that is tripled the size of its balance sheet in the last three years trying to stimulate the economy which you can see i want to show our viewers again has expanded now based on money supply like i said you know why hasn't this translated into that narrative price inflation even hyper inflation that we've heard a lot of people warning that we heard it back in two thousand and nine a lot. a lot of people have a misguided theory. when the fed prints money that is going to be lanced and then redeposited and land and land and learn all over again people have this idea that this money is going to be learned ten times over i've said as as has economic professor steve steve keen in australia that that's really not the way the system works banks land wh

. >>> a mish can teacher is on the hot seat after a student and -- two students were the teach are, in an attempt to break up that fight poured tea on them. >> felt the tea running down my back and i got up. >> how would you describe the temperature of the tea? >> hot enough. >> police say both boys were suspended and the teacher is under investigation because one of the boy's moms filed a police report. the other teen said the tea was not hot. >>> coming up, a look at new treatment options and what you can do to save your eyesight. >>> did you toss and turn last night? find out how not getting enough shut eye actually sabotages your diet. [ male announcer ] get ready for some deli-style delic-ious-ity: the subway big hot pastrami melt. dive into piled-high pastrami, spicy mustard, pickles and melt-a-licious cheese. treat your taste buds to a fresh toasted subway big hot pastrami melt. subway. eat fresh. >>> many drrs receive payments from drug and medical companies. many take cash payments and nearly two thirds accept gifts. under a new healthcare law, companies that use medicare or m

nhk world's mitsuko mish kau waugh tells us more about the cross-sharing system that woodford opposes. >> cross-shareholding is a traditional japanese system that gives big banks a lot of influence on boards of directors. some of olympus' largest share holders include megabanks such as mitsubishi usa. they are often cornerstone investors in japanese blue chips. they not only lend money and make interest off those loans, they also make profits off the shares they hold. woodford says the system while clearly serving the country well in the years following the second world war is in today's world harmful due to the unwritten convention that one must never publicly criticize another. now, while woodford is giving up his fight to the reform olympus, the company is still facing other problems. tokyo police are investigating its accounting fraud. plus, there's pressure to overhaul senior management. last month's report by an independent panel criticized the corporate climate that allowed executives to engage in illegal practices. the panel called for a clean slate. the president of olympus h

some good government things in there for example everybody buys their own it services it is all a mish-mash you did some sort of bulk purchasing as is intent you can get certain values from it but then again everybody has been promising -- >> the government can't buy a weapons system on time and budget doing well buying a combined it service. >> exactly. >> it is not guilty going to save money. >> -- it is not going to save money. >> we >>> welcome back, lauren i want to go to you, there were obviously some program terminations here that happened some programs were slipped, overall, what do all of these moves mean, to industry? >> it is negative obviously for industry. for most of the major weapons integrators, i think the cuts to ship building were a little greater than we expected, two of the combat ships are going out of the 5 year plan one of the virginia class attack submarines is moving out, the next generation ballistic missile submarine is going to slip by two years although that might not seem like big stuff and really isn't cosmic, none the less it is billion offs dollars going aw

as i was saying got your wants china to adopt the same suicide model china says no and in fact as mish points out here china uses this that america is standing at the lead saying we're going to commit suicide come on china . jump with us you know china is actually saying well i'm going to get up to a forty percent discount i'm going to go to iran and renegotiate because i know america is over there willing to commit suicide and now you know i am the only worker left. well yeah iran is close to china russia you know this is where the u.s. model of shock and awe is going to die so the cost for maintaining this blockade on the hormuz the straits of hormuz the u.s. is bearing most of the costs of the air and sea patrols and surveillance of the strait of hormuz through which transit seventeen million barrels a day of crude or twenty percent of the world's oil supplies china the number to import of oil after the u.s. enjoys protection for the shipping lanes without paying a cent retired admiral dennis blair a former u.s. director of national intelligence said in an interview well there are s

to take another look at it after these downgrades that something will have to watch for today or a mish mccrae it can only correspond with the u.k. whose independent newspaper believes that greece is effect to default and that's because it is imminent. i don't think you have to be a whiz at math to figure out that is not just the indebtedness of some countries of birth but also the euro oh the common currency is a single currency for an area where some countries need a devaluation i don't know whether technically greece is going to be in default or not but if you're repaying thirty or forty cents in the euro your debt and the write down is going to something right before to say forty if you're lucky thirty if you're unlucky bracket any rational say the is a country defaulting on its debts and whether technically that it is or whether it take it seems to me to be not that relevant because once you've dealt with greece ok you try and have to put a fireball behind that but people may say look if i'm not going to get my money back on greece why should i learn to portugal why should i lend t

locke investment advisor for sic a pacific capital and popular financial blogger otherwise known as mish so much let's get started right at the top with the recent g.d.p. numbers i want to bring up a chart for you that you had for your for your audience on your blog this morning you made the point that the g.d.p. number of two point eight is grossly misleading and that if you look at it in terms of.

been investment advisor first pick up pacific capital mike shad locke is here he's better known as mish he also writes a very popular blog global economic trend analysis is going to break it all down for us miche nice to see you thanks for being on the show it always a pleasure to be on the show right back atcha so let's talk about this because the fed has tripled the size of its balance sheet in the last three years trying to stimulate the economy which you can see i want to show our viewers again has expanded the base money supply my question to you why hasn't this translated in to the massive price inflation even hyper inflation that we've heard a lot of people warning back we heard back in two thousand and nine a lot. a lot of people have a misguided. when the fed prints money that is going to be lent and then redeposited and lawyers and law and over again people have this sort of view of that this morning is going to be learned in times over cards. as has economic professor steve steve keen in australia that's really not the way the system works banks lend when as long as they're n

lock investment advisor for sic a pacific capital and popular financial blogger otherwise known as mish so michelle let's let's get started right at the top with the recent g.d.p. numbers i want to bring up a chart for you that you had for your for your audience on your blog this morning you made the point that the g.d.p. number of two point eight is grossly misleading in that if you look at it in terms of real g.d.p. growth year over year we're talking pre-recession territory talk to me a little bit about this. the g.d.p. quarter to quarter rose two point eight percent one point nine percentage points of that two point eight was refinement of inventory wasn't supposed to be that way remember the inventory replenishment was supposed to be the last quarter it didn't happen that way and so now it's happening this quarter is happening this quarter at a time of decreasing sales and look at some of the apparel reports that come out you know i had a chart on my blog not too long ago showing a decline in the cubic metric imports of apparel and we've seen j.c. penney's come out it's now competi

because this yard is a mish-mash of inmates who can't function in general population, some consider it an even worse place than ad seg. >> this is the dirtiest place of all places. you're pc, you get to be amongst the garbage in the system. that's where we are right now. we are in the garbage of the system. because in the mainline, if you are not a gang member or caught up in any type of control aspect, dope trade or whatever, then you are nothing on the main line. here you can be whatever you want. you can be a rapist, child molester. or gang dropout, which is me. don't get it mixed up. you can be whoever you want to be. you can be a transvestite. you can be a snitch. nobody is going to trip on you. let's say i get escorted past the main lines, they are going to call me a piece of [ bleep ], rat because i've told certain things to get here. >> is your life in danger? >> yes. if i go to the streets and they recognize me as a gang dropout, they're going to try to hit me, which means kill me, slice me or shoot me. >> when he was younger, george might have carried out that very hit. but a

. >> the lavender dress is a badgely mish ka.r and blush. that dress rents for $75. retails for $395. wear it once or twice, return it and you're good to go. >> i love the green. >> that was the silhouette of the night. we saw it on sofia vergara. strapless, fitted, mermaid shape. $50 to $250 you can rent designer gowns. >> let's talk shoes. this is something you have to purchase usually. of course there are the splurge and steal ways to save money. there were a lot of mumus, valenti valentins, laboutins. you can get them at nieman marcus but they cost $800 on average. >> we'll save you money. >> for under $70 those are all from kohl's. you have simply vera by vera wang which is similar to the ysl pump and the jennifer lopez collection is great. great she's designing them. >> the with big jewels, we don't want to get into the price tags but you can get p statement jewelry for a fraction of the price. >> this is from h & m and under 21 for under $20. this is rachel zoe from kwvs. really beautiful pieces there. >> love the hair. >>

no other issue, senator, representative, you will be summoned to a mish -- meeting in an auditorium where people who are quite knowledgeable about their record, but the history of corporate abuses, and we will discuss only one question, by what authority are these corporations controlling our lives and that of our descendants. what can be done about it. that is the key. doing things that no one can stop us from doing. in this book i have a proposal which is so simple, yet so powerful that no one can stop us from doing it. the reason why i called this book getting -- "getting steamed to overcome corporatism" is because of the subtitle. so i decided, let's try an experiment for the reader. call it an experiment, collett and experience, college and have what would happen if readers who are very worried about your country of the world, very worried about what their descendants are going to inherit , but did not really know what to do, what if it took this hill experiment in their red short descriptions of 200 or so corporate ravages, corporate crimes, corporate greed, corporate damage across

. >>> mish mitch mcconnell said that president obama launched on the today and congratulated the president it. that's how weird it can get in an election year. that's coming up, next. >>> and president obama is desperately trying to rewrite the democrats image on illegal immigration and he's doing this by deporting more people than ever before and immigration officials are making some pretty stupid mistakes in those deportations. that's in the re-write. ♪ [ laughs ] ♪ ♪ you want to hear you've done a good job. that's why i recommend a rinse like crest pro-health multi-protection. it helps you get a better dental check-up. so be ready for your next dental check-up. try any crest pro-health rinse. >>> when do presidents announce the appointment of the newest members of their administrations in ohio, in an election year? from massachusetts they praise the democratic presidents highly political announcement of that appointment? in an election year. and when does every other republican senator condemn the appointment of the ultimate democracy because the president bypassed the senate after fail

as far as i'm concerned they're all mish-mashs. budgets being dead on arrival. when you have a divided congress and a president running for re-election, he can be guaranteed that everything he proposes is going to be dead on arrival. so what i look at this to see is really the sense in which it's going to be his argument not to people who are sitting there because one set of them agrees with him. one set disagrees with him. his argument to the american people not cast as a campaign speech but trying to convey to them the vision that he has for what he would do in a second term if they give him the job again. >> ifill: but how do you walk into a joint session of congress when most of the country thinks we're headed in the wrong direction and say the state of the union is strong? >> well, we've heard it before. it could have been worse. i guess he'll say that. i do think the scope of people's anxiety, when you go around to these campaigns and i think it's true of democrats too. are you worried about your kids? every hand raises up. every hand. you have to have a b

hearing the president and hearing republican governor mish daniels of indiana. >> it was interesting, kyra even earlier in the day before the state of the union you had republicans sort of knowing what the president was going say accusing him of class warfare. you heard him address that in the state of the union saying this isn't class warfare, this is common sense. one of the things that governor daniels said that was perhaps very much to the point of what president obama has to be on the defense for in his campaign is this republican claim that the president, yes, he did inherit a bad economy, but that he's actually made it worse. you heard daniels say that. a lot of republicans say that. big vulnerability for president obama will be that 8.5% unemployment rate. we saw that last month. it's not expected to budge. he's making his case, he will continue to in the months to come, that he is helping to turn the economy around. it may be slow going, but it's heading in the right direction and the american voters should give him more time, kyra. >> brianna keilar at the white house. >>> p

at governor of mountains mishe was pro-abortion, pro-gay rights, pro-tax increase and pro-gun control moderate in massachusetts, but pretty liberal here in a primary. >> charlie crist joining mess li live. point-blank, are you insulted or is that a compliment? >> i don't take it either way to be honest with you. during the heat of campaigns. if they use to work on campaigns of mine. >> this is a great place to see and you can either why anyone would want to -- including you. >> you knew i wanted to be in there the beautiful sunshine state. >> it is a beautiful day. >> you threw your weight behind john mccain in 2008. why are you sitting on the sidelines? why not endorse someone? >> well, particularly in a primary, i'm not a republican, as you indicated. i'm an independent. so i'm an observer, a concerned floridian, and a patriotic american. i'm watching this election and this campaign very closely. i care deeply about my state and my country. i'm hopeful we can get on a more positive tone, as you have indicated and many reported, it's been a pretty nasty primary. tens of millions spen

it is a huge part of why companies like bridgestone, continental and mish lynn come to and expand in our state from the first day of our administration, i have worked with our federal delegation to clear away all the impediments to making charleston the premiere part in the southeast, starting with getting the port to the depth of 50 feet. there's been much discussion about the decision and whether two viable ports in the region are good or bad for the economies of south carolina businesses and our state. i have said it before, i will say it again -- i am not afraid of a 48-foot georgia port, 36 miles up the savanna river, confined to one-way traffic. you should not be either. let's quit wickering and work together to see charleston return to its greatness, jasper to have a future and georgetown to have a purpose. finally, the executive budget calls for an evolution of the way we funed higher education. our intention is two-fold. reward the schools that well serve our students, while providing real motivation for those that need to improve. i was a legislator. i remember the pressure

and while he's had a rough patch so far, i think south carolina is going to be wide open after this mishto get back in the fray again. >> uh-huh. what is it about mitt romney that he fails to take on tax reform in the way that you would like him to? >> yes. i hope he comes around to it but he hasn't yet. his tax plan is almost, you know, weak tea compared to the bourbon of rick perry and the others. he's wrong on health care and wish he would get rid of that individual mandate he did in massachusetts and other things. if he sharpens up his message which i think he will have after all the criticism he's taking but so far, he hasn't. rick perry has excellent ideas out there. he has very good record. the second largest state in the union and the most successful large economy in the union. so it's performance and policy. >> i'm going to bring you back to the fact that you are a very successful businessperson. now "the wall street journal" opening the book on mitt romney also a successful businessperson and his time at bain capital. private equity firm. they're saying look, you know, he had a

. >> we've got winter weather advisories stretching all the way from marquette, michigan mish, to northern way into the mid new england area. shine in the pacific northwest. tomorrow looking at rain and snow in the northeast. frigid conditions, more snow around the great lakes. cold in the pacific northwest. air stagnation alerts. sunshine but cool around the gulf coast. here's what's happening in your neck of the woods. >> our up and down weather continues. good morning, i'm tom kierein in storm center 4. temperatures are in the 40s from the blue ridge to the bay. 45 in reagan national. blue ridge west in the mid and upper 30s. we will have it climbing into the 50s to near 60 throughout much of the region with clouds closing in this afternoon. much colder air moves in after midnight tonight. between mid night and dawn on friday, may get zmoe showers and rain showers. if snow showers could put down a coating on grassy areas bindy and co >>> don't forget, you want to keep track of your weather, you go to weather channel or weather.com online. >>> up next, from tv to wine, the top things tha