was-- of the mit professors thought the markets were hard to predict but they were mit professors and they were really smart so they would find ways to beat the market by using their advance knowledge of-- pauls samuelson the txdot there was part of this game. the university of chicago, they did the same research but people weren't interested in finding ways to beat the market and make money because whole of randomness line of research collided with this kind of libertarian revival that was happening in chicago led by milton friedman and it became much more a project to show that financial markets worked really well and didn't need, and didn't regulation to the extent that it was thought in basically the new best, so it is out of chicago in the late '60s that sort of the most famous part of this whole rational market idea, the theory called the efficient market hypothesis came. a lot of people who claim to believe in the efficient market hypothesis say you just don't know if the market is too high or too low. that is part of it but it was also very much meant as this attempt to find a

we used to refer to harvard when i was at mit as the little red schoolhouse down the road. last [laughter] i have to agree with a lot of things said here this morning particularly when teresa was talking about how horrible the federal campaign act is and how confusing it is and how difficult it is for an ordinary person to run for office. in his new book, the professor outlines many of these problems. he also talks about many of the restrictions on third parties caused by very difficult ballot access laws implemented by the states. he also complains about the federal public funding program which has most of you know is put in place about 30 years ago and points out the problems with those states like wisconsin that if put in state version of public funding for state legislative candidates. those funding programs have not achieved any of these supposed it purchasers of campaign reformers have used to push them. in fact, even under public funding laws, challengers have a harder time knocking off incumbents than i think under a private system. i want to skip to the professor's

. >> i guess i'm a her mit. i was thinking about all the things we talked about back then. even back then, i was mostly interested in issues like international monetary reform. i was turning working mostlyó7ú the soviet union. my husband and i live on a farm, just the right distance from washington, about an hour and 20 mounts. my personality is to just hideaway in my little-ons office in my xouter. >> we are going to show some of the past interview we did. before we did that, let's go  through some basics. where were you born? >> los angeles. where did you go to school? >> in the value. i'm really kind of the classic valley girl of los angeles. >> what kind of a family was it? >> great family. five kids. mom, very traditional, wonderful, stayed at home. i thought it was sort of glam rows that my dad went out the door with a broef case. >> i know you got a phd from the university of ut? >> 1981. i went two years to ucla, i left home, wednesday police officer portland state university, which i quickly found out when you are paying for college yourself, i started working. t

he received his bachelor's in political science from mit. please welcome hans. [applause] >> thank you. so i am a lawyer but i didn't go to harvard. that should give me some point. we used to refer as harvard right at mit as the little red schoolhouse down the road. [laughter] >> i have to say i agree with a lot of things that were said here this morning cooperatively when teresa was talking about how horrible the federal election campaign act is and how confusing it is and how difficult it makes for an ordinate person to run for office. in his new book, he outlines many of these problems. he also talks about many of the restrictions on third parties caused by very difficult about access laws implemented by the state. he also complains about the federal public funding program which has most of you know what was put place about 30 years ago and point out the problems with those states like wisconsin, that have put in state versions of public funding for state legislative candidates. those public funding programs have not achieved any of the supposed purposes that

that he had mitted on a videotape 60 something times that he used the "n" word over and over again. that he falsely charged black drivers when they're driving with a white passenger. and somehow he made a career as a tv pundit now notwithstanding his perjury conviction. most of us don't have any perjury convictions. i guess some of those law students are going to be competing against mark fuhrman now. >> convictions, lisa, no, no convictions over here. >> i want to go back to vincent bugliosi. what i really felt was most fascinating about your book is how the prosecution, you outline how the whole idea that the police department got together after this happened, and immediately, within a couple of minutes, decided to do this vast conspiracy, which would have required tremendous planning, and the prosecution never really broke down how idiotic and nonsensical the whole planting of evidence theory was. >> well, not only didn't they break it down. but in their entire opening argument they didn't even talk about it. and in their final summation they only addressed about a couple pages t

>> graduate school, mit. >> how old are you? >> that's a good question, what year is it?hirty-nine. >> how would old would have been in 1982? >> we had a guy that came in to the white house and become out of the carter administration with 14% inflation, 12% unemployment, called it a misery index, 26%. and they were throwing money at everything. he put on a sweater and said we had to turn our thermostat down, the world was going to hell in a handbasket. this guy comes writing and from the westin says you have to raise taxes. we've got to put more money in the treasury because everything's going south. and you know he said? he said, well, i think that we have to give people and this is more disposable income to invest. and that to spur economic growth. and you know what? he was right. we had 25 years of economic expansion or 25 years of economic expansion. in this velocity that you can spin yourself out of debt and solve economic problems by spending, to me, i just can't get it. and when i hear people say well, you spend $1.4 trillion more this year than you've taken and, t

john here is an mit engineer by training. and he does process mapping for coastal. so like any good engineer i look at this as a process that got broken into its component steps and look at these initiatives, and while they all were very, very different, i mean, the war on poverty is different than the war in iraq but all of these large undertakings exhibited a pattern, step by step that they all had to go through. >> we call that journey to success. there are lots of giveaways, but to achieve success certain things need to happen. you need to have a good idea. >> then you need to have an intimate design. design is going to work in the real world. you need to then go through the moment of democratic commitment, which we call the stargate. guess who came up with that term right there. [laughter] >> and then you need to go through effective implementation, and then you need to achieve your results. those are the basic steps. >> we use this map to guide our angry. it was helpful in helping the pattern of success and failure, make itself clear that you can see the real

the owner of the restaurant claims authorities were called because mit ris was acting oddly and tellinge was from mars and speaking gibberish. the sheriff's department claims she was fine and not under the influence of alcohol so they released her at about 1:00 in the morning on september 17th in a relatively remote area. she has not been heard from since. mitrice's friends. the family's now complaining cops are not doing enough to find this young woman. >> this is my daughter, mitrice richardson. my daughter, a citizen was failed by the authorities who are hired to protect and serve us. they're not simply here to enforce and arrest us, but they also have a duty to protect us. >> joining me now, michael richardson, the father of missing mitrice richardson. mr. richardson, thank you. i know that this has to be agonizing for you. >> yes. >> start with this, have there been any leads, viable lead, sightings, any tips to the search of your daughter? >> not at all, jane. we're religiously out there, looking, find anything possible sightings, any look-alikes and that's exactly what they've be

a professor at mit says a lot of people are dissatisfied. we are asking you if you think a second stimulus package would be a worthy step. chicago, and are democrats line, go ahead. caller: morning. it is a beautiful morning. give our president a break. he just got into office. if we had followed the formal president for the eight years that he was in office and made this mess than we would not be in this position today. he just got in there. he is doing the best that he can with the mess that he came in with. host: your thoughts on a second stimulus package? caller: the only way we can begin to start getting out of this -- it takes money to make the world go around. money is what got us in this position now. when it is not used properly and correctly, a lot of things were stolen. many things were not utilized. without the second money, we will not get out of this situation we are in. it takes money to get construction contracts. it takes money to get dishwasher jobs. it takes money to do all these things. it takes money for health coverage.

iñallison hampton from mit prove that the comparative advantage bkthat our economists are runnig on isdoes not work. it does not include india and the rest of the pacific rim. we will not have one single job left if we do not have a change in these policies. hopefully, you can look up the new view and to the model that was put together in the 1700's, it does not work. it is not a factual in comparing third world countries to first world countries. guest: i am not familiar with that, but it is something that may have relevance. when you talk about the work force in china or the work force in india, as the all know, the quality of life and standard of living here verses other countries, there is a significant difference. you also have to take into account things such as the epa and other things that impact the cost of doing business here. i am not a lawyer with the model that you talked about, but it may have relevance as to continue these discussions. host: in dayton, ohio, and one on the democrats' line. caller: i grew up in youngstown, ohio. i went to high school there for two years.

scientific databases and there's wonderful stuff on the internet, you know, like all the physics lectures at mite to force yourself sometimes to socialize? >> yeah. i get tired. i get very tired of just social chitchat. you know, analysts talk about the weather and things like that. and it's kind of a social emotional connection. i remember one time going out to dinner with a whole bunch of pharmaceutical salesman and it was four hours of drunken chitchat. there was no information. they didn't talk about why is this a good coach or why that was a brilliant play or analyze the game. it was just chitchat. and i'm sitting there and i found it just incredibly boring. i just don't get much out of that. >> next call for temple grandin, christine, please go ahead with your question. >> caller: hello, this is christine and i'm just enjoying you so much. i wanted to talk about something fun. are you there? >> yes. >> we're listening, christine. please go ahead. >> i have found it incredibly therapeutic for my kind of brain that i have and i'm an artist and everything is very visual. i sit and watch the a

then i went on to spend time teaching students at mit. i wanted to teach them to compete effectively and the policies that would require. this would be my third time in public service. a is a very proud tradition in my family. my father served in the army and for many years as a diplomat. my husband is currently serving in the administration. i served 20 years ago at the time of the fall of the berlin wall on the transition in eastern europe. i served working with the structural impediments with japan. i served as a white house fellow and in the white house for many years during the mexican financial crisis and working along with china on its trading relationship. since i left public service the world has changed. it is a moment of great challenge. we have to navigate a greatly changed economic landscape. the economy is coming back slowly from the most severe crisis we have seen probably in this generation. financial markets had stabilized and we have seen the first signs of growth, but unemployment is on high. to many americans wake up w

acquaintance that year, who was also sitting on this panel, who came to give a talk on her new book mitwhile i was at cambridge. this serendipitous of clinton's has led to us in a way being here today and along the way has led to some journalism being manufactured. i am half greek, half english. i grew up there and learned english when i was about 10, and that opened the way to learning more languages like arabic at university. then i went to iran were either in person, and now, i am trying to learn turkish in istanbul. the whole idea behind journalism is to -- well, we're basically no longer in the age of the old foreign correspondent, who would parachute in somewhere, live life in a world of lesser are in an exotic capital and basically get the job done by his local contacts. local contacts are absolutely crucial today, more so than ever, but certainly, the budget that used to allow that kind of lifestyle no longer exists. so for someone who is by cultural -- bicultural and more greek and english, it has been a real challenge trying to follow this path of journalism, which basically i

why did that kid of west virginia who is now a freshman at mit and playing around with coal for the last five years since he was a freshman in high school, just a twist that chemical, biological corner just a bit and all of a sudden we have a completely different way of looking at these issues. that is not for politicians to do. for us, our job is to create a marketplace. to create a darwinian, paranoia and inducing marketplace. where ordinary entrepreneurs and geniuses can move out into that marketplace, gathered venture capital funding, and they move forward. so the essence of our bill is this. number one, it is science-based. it will use the best science to determine the magnitude of the problem, and then we will move forward on that basis. number two, it will be technologically oriented. because ultimately that is our solution. we have very little in the united states but we are a technological giant. that is really how the world sees us and that is the role that 4 percent of our population should try to play in relationship to the other 96 percent of the worlds population in the 21s