mr. levine. why have a breakup fee? this is something i don't get. tell you, i think we should have john coffee or harvey pitt, like a security's lawyer on, why enter into the negotiations knowing there is a potential for another bid, and then engage in a breakup fee? it sounds like this guy, mr. levine, engaged in something that was -- he has a fiduciary responsibility to the shareholders. not to himself. liz: to take the best deal, and one might, on the surface think, the more pricey deal, which is the one he hasn't done might be the best deal. that's not always true. >> he said the more pricey deal, the dollar general deal would not past antitrust muster, because it could create too big of a company. how many of the dollar stores do you need? i don't see -- it's not like if dollar stores went out of business they would raise the prices to $2. liz: remember 99 cents only sold themselves because it was getting too crowded. >> what is the real -- i can understand the antitrust implications of a time warner, comcast deal, and big media mergers and thi

mr. levine, who, by the way, we've been asking to come on the air for two days, he's not doing it. this guy is willing to save his job at the expense of shareholder value. what he said was this. he knew that dollar general which put in the unsolicited bid yesterday for family dollar was the better choice. they had the money to bid up for this which is what they did. under pressure from carl icahn, mr. levine turned around and entered into a friendly deal with dollar tree at a lower price, with a breakup fee, of $300 million to dissuade a higher bid as would come from dollar general tomorrow. liz: that's a big accusation. >> think of it this way. he knows, he knew when we first reported about this, that dollar general was interested. he knew dollar general had the cash to do the deal. they made 75.50 all-cash bid for family dollar. the other is significantly lower. check the math, it's lower. he knew dollar general want that deal and he's asking shareholders all across america to consider this. why would howard levine put a breakup fee in a friendly negotiation of 300 million dollar

mr. levin, helped develop the right on crime initiative which was launched by the texas public policy foundation at the end of 2010. it has become the national clearinghouse for conservative criminal justice reforms, receiving coverage at outlets such as "the wall street journal," "national review," "new york times," fox business news and the "washington post." mr. levin has testified on senate sentencing reform and solitary confinement at secretaries before the senate judiciary committee, and has testified before state legislatures. mr. levin served as a law clerk to judge will garwood on the u.s. court of appeals for the fifth circuit and staff attorney at the texas supreme court. our next witness, mr. bryan stevenson, mr. stevenson represents the equal justice initiative. he is also clinical faculty at new york university school of law. mr. stevenson has represented capital defendants and death row prisoners since 1985 when he was a staff attorney with the southern center for human rights in

mr. levine. julie made the call. i would say if you talk to carl icahn, we would love to get mr. levine side of the story, carl icahn would say howard levine is the epitome of what is wrong wi america. he thinks he owns the company when the shareholders on the company he was the ceo of a company his father created, so he has some sort of god-given right to run this place and he believes he is running it into the ground. he made an interesting point to me and we tweeted this out, i wrote a story about this today, he wanted them to sell to dollar general, right? instead he got a lower deal with dollar tree be at according to karl he did that because he could keep his job. what did he do to ensure keeping his job? there is a breakup fee in the dollar tree-family dollar deal of $300 million so it will cost shareholders $300 million for them to entertain what is a higher deal. >> i'm glad you got carl icahn to come out of his shell and say what is on his mind. melissa: you're welcome to come on with or without charlie. i am not sure i am a part of that. high-frequency trading to becomi

mr. levine.le cheeks start to -- he was something else. >> what he meant to you, woody gave to you. -- what he gave to you. >> he was the epitome of a classic repertoire. he built, he became music director of the cleveland orchestra in the middle 40's. he was also conducting at the met third he conducted several seasons at the met. in cleveland, he had the opportunity to build a europen-style, classical an orchestra in america with americans. wewas, when i was a student, used to go near all the visiting orchestras that came to carnegie hall, but one orchestra, my friends and i always had to go to all three of their concerts was cleveland, because it was always interpretive repenting and more and more marvelously played. juilliard,shed with i was taken in a competition to go to baltimore for some weeks to do it repertory project with the baltimore symphony with visiting conductors leaving us, helping us. there were four of us. l came to the audition and liked what he saw well enough to tell me he

>> regular order, mr. levin. the gentleman from texas has the time, and he is questioning appropriately. please, no more interruptions. >> regular order allows the witness to answer a question. >> regular order allows questioning to be conducted as the questioner sees fit. the committee has given latitude to members of both parties to do that. >> parliamentary inquiry, mr. chairman. ask the gentleman will state his parliamentary inquiry. >> under the rules of the house, every member has five minutes to pose questions to the witness, and the witness is given the opportunity and right to respond. is the chairman saying the witness does not have a right to respond to the questions? ask the gentleman has had plenty of time to respond. that is not a parliamentary inquiry. >> does the witness have a right to respond? >> the gentleman has not stated a parliamentary inquiry. >> you withheld the information from a congressional investigation. and in may you assure this committee that all of ms. lerner's e-mails would be p

mr. levine. >> thank you very much. he was something else. >> rose: tell me what you meant to you, what he gave to you. >> he was a remarkable conductor, particularly of classic repertoire. and he built-- i mean he became music director of the cleveland orchestra in the middle 40s. and he was also conducting at the met. he conducted several seasons at the met. and i think in cleveland he had the opportunity to build a european style classical european organize tra in america with americans. and he was-- when i was a student, we used to go and hear all the visiting orchestras that came to carnegie hall. but one orchestra my friends and i always had to go to all three of their concerts was cleveland. because it was always interpretively penetrating. and more and more marvelously played. and when i finished with july yard, i was taken in a competition to go to baltimore for some weeks to do a repertory project with the baltimore symphony with visiting conductors leading us, helping us. there were four of us. and zell came

mr. kevin levin. he completed a master in history of the university of richmond. his thesis became the basis of his most current book "remembering the battle of the crater, war's murder" which was published in 2012. he's currently an instrekter of american history at gan academy near boston. and fortunately, kevin in his day-to-day work, gets to challenge his students to conduct original research, critically evaluate historical sources, and analyze historical events. in addition to his book, he has written several essays for the "new york times" and the "atlantic" as well as popular magazines in a number of academic journals. you can follow him, follow his thoughts on many other issues related to the american civil war and how the four-year conflict was and continues to be remembered by following his award winning blog called the civil war memory. it's my pleasure this evening to introduce you to you kevin levin. >> good evening, everyone. before i get started, i also want to thank st. paul's church for opening its doors tonight. i can't think of a better venue fo

>> regular order, mr. levin. the gentleman from texas has the time, and he is questioning appropriately. pease, no more interruptions. >> regular order allows the witness to answer a question. >> regular order allows questioning as fit. the commission has given latitude to members of both parties to do that. >> parliamentary inquiry, mr. chairman. ask the gentleman will state his parliamentary inquiry. inquiry.bucs under the rules of the house, every member has five minutes to pose questions to the witness, and the witness is given the opportunity and right to respond. is the chairman saying the witness does not have a right to respond to the questions? ask the gentleman has had plenty of time to respond. that is not parliamentary. >> does the witness have a right to respond? >> the gentleman has not stated a parliamentary inquiry. >> you withheld the information from a congressional investigation. and in may you assure this committee that all of ms. lerner's e-mails would be provided to us. yet you knew that tha

mr. kevin levin. he completed a master in history of the university of richmond. his thesis became the basis of his most current book "remembering the battle of the crater, war's murder" which was published in 2012. he's currently an instrekter of american history at gan academy near boston. and fortunately, kevin in his day-to-day work, gets to challenge his students to conduct original research, critically evaluate historical sources, and analyze historical events. in addition to his book, he has written several essays for the "new york times" and the "atlantic" as well as popular magazines in a number of academic journals. you can follow him, follow his thoughts on many other issues related to the american civil war and how the four-year conflict was and continues to be remembered by following his award winning blog called the civil war memory. it's my pleasure this evening to introduce you to you kevin levin. >> good evening, everyone. before i get started, i also want to thank st. paul's church for opening its doors tonight. i can't think of a better venue fo

mr. levine is an excellent attorney, but clearly he's advocating for his client. be something that ron machun and his assistant res going to take a look at to see if it makes sense. >> i mean, there's no question that the bullet destroyed jim brady's life and it hastened his death. it doesn't seem crazy to call it homicide. what would stop a prosecutor from bringing charges? >> there are some factual problems that it has been 33 years. there's got to be a demonstration that the bullet wounds were the proximate cause and there is a question of whether it's the bullet wounds or his age. there are questions about, you know, can you legally bring it? i mean, he has been through one trial. the constitution only gives the government one crack at it, so you have to make sure that there's not double jeopardy issue. and there is the emotional part of it. do you want to put your community through this? mr. hinckley has effectively been segregated from the community since 1982. so there's the punishment aspect. all these things go into the prosecutor's -- for what it's consi

mr. kevin levin. he completed a master in history at the university of richmond. his thesis became the basis of his most current book, "remembering the battle of the crater, war's murder" which was published in 2012. he's currently an instructor of american history at gann academy near boston. and fortunately, kevin in his day-to-day work, gets to challenge his students to conduct original research, critically evaluate historical sources, and analyze historical events. in addition to his book, he has written several essays for "the new york times" and "the atlantic" as well as popular magazines and a number of academic journals. you can follow him, follow his thoughts on many other issues related to the american civil war and how the four-year conflict was and continues to be remembered by following his award-winning blog called the civil war memory. it's my pleasure this evening to introduce to you kevin levin. [ applause ] >> good evening, everyone. before i get started, i also want to thank st. paul's church for opening its doors tonight. i can't think of a bet

mr. stamos, please proceed. again, our thanks. >> good morning. chairman levin, ranking member mccain and distinguished members of the subcommittee, thank you for convening this hearing and for inviting me to testify today about security issues related to online advertising. i appreciate the opportunity to share my thoughts and to discuss the user-first approach to security we take at yahoo!. i respectfully request that my full written testimony be submitted for the record. >> it will be. >> thank you, sir. my name is alex stamos, yahoo!'s vice president of information security and chief information security officer. i joined yahoo! in march. prior to that i served as the chief technology officer of a artemis interness. i have spent my career building and improving secure trustworthy systems and i am very proud to be working on security at yahoo!. yahoo! is a global technology company that provides personalized products and services including search, advertising, content and communications in more are than 45 languages, in 60 countries. as a pioneer of the world

mr. chairman. chairman levin, senator inhofe and distinguished members of the committee, i appreciate the opportunity to appear before you with admiral winnefeld to discuss the state of military compensation and retirement benefits. on behalf of secretary hagel and the men and women in uniform we serve, i'd like to begin by offering my appreciation for the support of this committee in once again enacting the national defense authorization act. your dedication to passing the ndaa means the department has the authorities it needs to accomplish the incredible array of missions we undertake around the world each and every day as well as those that support our number one asset, our people. allow me to situate today's discussion within the larger frame of the department's fiscal situation. we in the department are grateful for the support of the congress in enacting the fy-2014 appropriations act and for the bipartisan budget act of 2013 which provides us with much-needed certainty over our budget for fiscal years 2014

mr. sloan. we were seeing increasingly more and more stories from senator levin's work on his subcommittee that hedge funds and investment banks are big drivers of these deals which indicates a potentially short-term focus on stock price and fees, the rewards to wall street are plentiful, as mr. sloan said. premiums offered to shareholders of foreign companies so inverting companies may avoid u.s. taxes. if you would answer a couple of questions, if would you, mr. sloan. what role in your mind do equity funds and private equity funds, investment banks hedge funds play in encouraging companies to avoid taxes by completing an inversion? is there any counterweight to this pressure companies received from short term focused investors? >> all of these players are in business to make money. they are in a competitive business. they want to show a higher rate of return than other people so they can continue to attract more money and get more fees. and as long as something is not illegal, they will do it. and if you talk to them socially, they're not bad people. they're human beings, even like senators

mr. reid: i ask unanimous consent that during the adjournment or recess of the senate from friday, august 1 through monday, september 8 senators rockefeller, reed of rhode island, levin, coons and cardin be authorized to design bills or joint resolutions. the presiding officer: without objection. mr. reid: note the absence of a quorum. the presiding officer: the clerk will call the roll. quorum call: mr. reid: madam president? the presiding officer: the majority leader. mr. reid: i ask unanimous consent the call of the quorum be terminated. the presiding officer: without objection. mr. reid: i ask unanimous consent notwithstanding the previous order, following the vote on confirmation of pryor on monday, september, 2014, the senate proceed to executive session to consider calendar number 910, 911, 908 and 909, there be two minutes for debate equally divided and controlled between the leaders or their designees, following the yielding back of that time there be no intervening advantage, any roll call votes following the first in the series be ten minutes in length, that if any nomination is confirmed, the motion to reconsider considered made and laid on the table, wit

mr. mcconnell and the republicans, he is destroying congress. and the senate has been i vis rated. >> well, said. mark levine, thanks so much for being with us. >>> coming up, despite multiple mass executions and beheading of american journalist james foley, some members of the obama administration still question if isis poses a clear and present danger to the homeland of the united states. coming up next, former director of the central intelligence agency reacts. that and more as this special edition, the rise of radical islam, continues. stay with us. whoa! nobody insures more bikes than progressive. do you guys ride? well, sometimes. -no -- yes. -yeah. well, if you know anybody else who also rides, send 'em here -- we got great coverage. it's not like bikers love their bikes more than life itself. [chuckles] i doubt anyone'll even notice. leading the pack in motorcycle insurance. now, that's progressive. call or click today. [ roars ] no question about that. but your erectile dysfunction - that could be a question of blood flow. cialis tadalafil for daily use helps you be ready anytime the moment's right.

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mr. mcconnell and the republicans, he is destroying congress. and the senate has been i vis rated. >> well, said. mark levine, thanks so much for being with us. >>> coming up, despite multiple mass executions and beheading of american journalist james foley, some members of the obama administration still question if isis poses a clear and present danger to the homeland of the united states. coming up next, former director of the central intelligence agency reacts. that and more as this special edition, the rise of radical islam, continues. stay with us. i take prilosec otc each morning for my frequent heartburn. because it gives me zero heartburn... annc: prilosec otc the number one doctor recommend frequent heartburn medicine for nine straight years. one pill each morning 24 hours zero heartburn. between uv protection and beauty again. [ female announcer ] new olay total effects now with spf 30. uva/uvb protection and anti-aging in one. youthful skin with a mission. [ female announcer ] olay. your best beautiful. >>> live from america's news headquarte headquarters, the united kingdom raising terror threat

. -- i think off matt levine with bloomberg view, on this.o the math i need to know what that coupon is for mrn's are better than others. he is a big fan of raising his own personal income taxes, but he is doing tax arbitrage right now with this deal. of bnpbitsberger with us paribas. this is the spirit of transnational corporations. blue chipt likes companies. from where you said, will we see more of the heinz or more of the burger king transactions? >> capital moving efficiently and enhancing shareholder value -- i think that these transactions will continue. money is cheap, and if there is opportunities, whether it is through tax inversions or other m&a type stuff to capitalize. >> away from all-time at a with heinz with the brazilian team iting in, and mr. buffett, is a new globalization, isn't it, which bnp paribas, i think of your work and china being an example. >> without a doubt. again, capital is going to flow to the place where there is less regulation, where it can earn the most return, and that is what you are seeing. >> is there a simple fix for this? talk have a minute to about

mr. quinn, that you're going to be presenting the price waterhouse cooper's statement. >> good morning, chairman levin ranking member mccain and members of the subcommittee. i'll make some brief oral remarks but ask my written statement be placed in the record. >> it will. >> my name is thomas quinn. i'm a cpa and a partner at price waterhouse coopers. i began bhooi career in 1984 and have been advising companies with respect to their federal income tax obligations for over 30 years. i'm joined by james bowers, who is also a cpa and partner in the pwc tax practice. having joined pwc in 1976, mr. bowers has been advising clients with respect to their tax obligations for over 37 years. i'm also joined by steven williams, the managing director with pwc, mr. williams is a economists and holds a mass master's degree with a cops trags in international economics and be with us since 1982 and specialized in transfer pricing for 28 years. i understand that today's hearing relates to the tax imapproximately qualification of a business reorganization that caterpillar inc. began almost 15 years ago. i was one of