area, with television studios, the brand of hollywood, but in conference with mr. scott, mr.nson, the head of the pack 1 12 enterprises, the future was san francisco because of our commitment to technology, being a city of innovation, and that the future of media is not just one dimension, it is multimedia. they are looking to penetrate markets and want to be close to where technology innovation is occurring, and that is mission bay. they also indicated something interesting that resonates with me. they did not just want to be a national media center, they want to go international. beingé7f is incredibly open for them. larry scott just came back from china. we hooked them up with our program. they want to have markets in the far east, men's and women's sports. i want to indicate just how excited i am about that and to let you know, names that our generation have been familiar with -- john elway, ronnie lott, kareem abdul-jabbar, jason kidd, tiger woods, they all came through the pac 12 colleges. if the digital media center is here, they will be coming here for their interview

mr. scott: by direction of the committee on rules i call up house resolution 554 an ask for its immediate consideration. the speaker pro tempore: the clerk will report the resolution. the clerk: has calendar number -- house calendar number 113 house resolution 554, resolved that upon adoption of this resolution it shall be in order to qur the conference report to accompany the bill, h.r. 3630, to provide incentives for the creation of jobs and for other purposes. all points of order against the conference report and against its consideration are waived. the conference report shall be considered as read. the previous question shall be considered as ordered on the conference report to its adoption without intervening motion except one, one hour of debate and, two, one motion to recommit if applicable. the speaker pro tempore: the gentleman from south carolina is recognized for one hour. mr. scott: thank you, madam speaker. for the purpose of debate only, i yield the customary 0 minutes to the gen

. >> mr. scott? >> thank you, mr. chairman. mr. bernstein, we heard earlier today about investments and education needed to fill the 70,000 vacancies in michigan. can you tell me the economic benefits of investments in education? >> sure. it's probably one of the best understood and most widely agreed upon relations in labor economics for every extra year that a person has of formal schooling, their earnings are typically 7 or 8% higher and the idea that higher skills, earning, have become all that more important in recent years as technology and employer and skill dep mands have increased the pace. so the fact that we're helping workers improve their relations. now, i will say one point, if you just have the education with no jobs, you're all dressed up with nowhere to go. there's the supply side, the jobs, and demand side. too many people chases too few jobs. >> the 70,000 jobs in michigan, it wasn't clear but it sounded like a lot of them were going unfilled because the employers couldn't find people properly qualified. >> certa

mr. scott. >> thank you, mr. chairman. i thank both of our governors for being with us today. openings in michigan.entioned have you reviewed these openings to ascertain whether your workforce has the educational or other qualifications for those jobs or whether investments need to be made in education so there will be a match between the work force and the job openings? >> yeah. the 70,000 open jobs i would emphasize to you and i encourage you to go look, most of these are good jobs. you're talking like nurses, computer programming, accountan accountants, these are well-paying jobs and the skill trad trades one i always talk about is welder. if you're a welder in michigan you can get a job in about 20 minutes in any corner of michigan. this is the missing element, that's why i call it talent and connecting, we launched mitalent.org to make that connection. there's a mismatch of where people may be and where the jobs are. the second thing is, the site is just not about transactions, which is finding a job, it's about career planning. and to go to your point about saying, if we

mr. scott? >> thank you, mr. chairman. gentlemen i want to talk with you a little bit abouttri-care and proposed increase. our families are paying $460 for the tri-care prime. about 2,017, move to 2,008 under this proposal. we ask those rate increases be limited to increase in the retirement plan. is that not correct? >> you have to restate. i'm sorry. could you say that again? tri-care prime -- you all have asked us to allow you to go from $460 to $2,048. that's a significant increase to people that have earned that benefit. and quite honestly i come from a risk management background. to me that seems like something -- if industry did that that's an indication they were trying to push people out of it and shut the program down and i guess my question is that the intent of the significant rate increase? >> no. absolutely not. one of the critical parts of this to consider, if you will, even after the full increases are into effect at the end of '17, that rate will by every reasonable projection still be a very generous rate

. >> mr. scott? >> thank you, mr. chairman. i want to talk about tri care and the proposed rate increases. currently our families are paying about $460 for the tricare prime. by 2017, that would move to $2,48 under the proposal. and this past year, we asked that those rate increases be limited to the increases in the retirement plan, is that not correct? >> you have to restate -- i'm sorry, could you say that again? >> the rate increase for the tricare prime, you asked us to go from $460 to $2,048. that's a significant increase to people who have earned that benefit. quite honestly, i come from a risk management back ground. to me that seems like if industry did that, that would be an indication that they would try to push people out of it and shut the program down is. that the intent or the significant rate increase? >> absolutely not. one of the critical parts of this to consider, if you will, even after the full increases are in effect at the end of '17, that rate will, by every reasonable projection, still be a very generou

mr. scott. >> thank you, mr. chairman. gentlemen, i appreciate you hanging around just for my question. and general you spoke about the isr capabilities. we have the jsors there and it's not appropriate here but would like to get some information. there is an efficient way to increase capabilities of that unit and those planes that would i think be a significant cost savings so i'll provide that information for you and work my staff to your staff. i will tell you i did not vote for the sequestration. i represent robbins air force base. i'm from georgia. we have ft. benning, we have ft. gordon, we have ft. stewart. we have king's bay. i'll also as chairman would tell you, tell you i'm one of the ones that did not sign the letter saying no cuts to the military. i recognize that we are going to have to have some reductions. what i see happening, though, through the communities that have such a large military industrial base is the fear between sequestration and talk of brac. it's disrupting businesses whether it's a entrepren

supervisor mar: thank you, mr. scott. thank you. i will call several more names. [ reid' reads names] >> hello. i wanted to say that hardly strictly is an event that i look forward to every year, amongst the community of musicians that i know from around the country. these festivals are something that everyone inspired -- aspires to be a part of. i think that the city and festival organizers do a commendable job of neighborhood outreach and mitigating inconveniences that the festival's macaws. thank you. supervisor mar: thank you. alex rosenthal? >> thank you, represent festival producers, event promoters, entertainers, and fans. i am here to emphasize the importance of the outdoor festival to the san francisco music festival. as the supervisor noted, they are an essential part of the local economy. i believe the referenced the study that came out, which we also support. today you will be hearing from san franciscans from all over the city that love these outdoor festivals because of their importance. many of these folks are from th

. >> can we hear from mr. scott or who is representing the permit holder? is there anyone here representing the permit holder? please step forward. >> good evening. i am the facility manager and representing the owners of the property. i do not know if this is the proper place, but rob monaco is not the sole owner. he is not the owner of the property. it is listed under monaco properties, llp. for the record, i would be listed as a representative for the property. but this is all a little confusing to me. as far as i know, we were issued a permit. the posting for the hearing was put in the window for 30 days. i have an affidavit of that posting. and a photo of the large white paper with the notice of hearing theire. >> if you could put that on the overhead -- >> yes. behind that is the photo. president garcia: who sign the affidavit? >> it is the architect. he happened to be there. president garcia: could you point to the image of the posting? >> this is the window. there is a lot of reflection. you can see up here better. it is a notice of public hearing.

supervisor mar: thank you, mr. scott. thank you. i will call several more names. [ reid' reads names] >> hello. i wanted to say that hardly strictly is an event that i look forward to every year, amongst the community of musicians that i know from around the country. these festivals are something that everyone inspired -- aspires to be a part of. i think that the city and festival organizers do a commendable job of neighborhood outreach and

the chair now recognizes the gentleman from georgia, mr. scott, for five minutes. >> thank you, mr. chairman. welcome, chairman bernanke. i'm over here. very good to have you. let me commend you and the fed. i think it's very important for us to recognize the achievement and progress we are making with economic recovery. i think it's in no small measure to your monetary policy and accommodation and creating credit facilities and certainly insuring liquidity for bow rowerrow -- borrowers. we're averaging 200,000 new jobs each month now. we're not bleeding jobs. we're adding them. dow jones is still cracking around 13,000. we've come a long way. but we're not out of the woods. i do, as it is important for us to recognize that your contribution in helping us wade through some very troubled waters. let me just ask you about the stringent standards that you are required under dodd/frank and under section 165 of dodd/frank. you were given that the opportunity to differentiate among companies on an individual basis or by category, taking into consideration the capital structure, riskiness

the chair recognizes the gentleman from georgia mr. scottminutes. >> welcome, chairman bernanke. it's very good to have you. let me commend you and the fed. i think it's very important for us to recognize the achievement and the progress we are making with economic recovery. and i think it's in no small measure to your monetary policy of accommodation and creating credit facilities and certainly ensuring liquidity for borrowers. i think that is the real core. unemployment now is going down, we're at 8.3%. we're averaging 200,000 new jobs each month now. we're not bleeding jobs, we're adding. and the dow jones is still cracking around 13,000. we've come a long way. but we're not out of the woods. but i do, it's important for us recognize that your contribution in helping us to wade through some very troubled waters. let me ask you about the stringent prudential standards that you are required under dodd/frank and under section 165 of dodd/frank. you were given the opportunity to differentiate among companies on an individual basis or by categ

i looked up and said, okay, mr. scott. he was like, how do you know my name? i was like, you delivered my other baby, too. >> we didn't recognize her at first. but when she started calling our names, we knew we had a double decker going here. >> double decker. both mother and son are doing fine. congratulations. what stories they have to tell. >> those guys out to hang out a shingle. >>> do you have a problem with the way people parallel park in the district? you may be able to blame the d.c. dmv. according to "the washington examiner," the department of motor vehicles admits it's been letting prospective drivers off the hook for the past three years when it comes to testing parallel parking skills. officials are working to make sure that changes in the coming year. road tests in the district are given on a site in northeast d.c. that have not have a parking lot large enough for parallel parking. >>> kraft is recalling more than a million tassimo single cup coffee maker because of a burning danger. the tea disc that's hold the coffee or tea can burst. there ha

congratulations, and thank you for mr.," campos and scott wien. they talk about the city family. this city family is one of the most dysfunctional families that i know of in all of san francisco. i know that we cannot fix that, but i just -- i came here to get the update on high-speed rail coming into the city. i had no idea that we were going to have a one hour and a half discussion to try to save $4 million, of which i do not even know how much is going to overhead, staff, and so forth, as opposed to actual capital improvements. by the way, i am very happy to have mr. [unintelligible] in the city family. he is not one of the dysfunctional people. there are times when i want to say fine -- we lost $4 million. this city plows through $4 million every other day. obviously, i think it is the call of supervisor kim. but this is 2 feet. thank you. supervisor campos: is there any other member of the public that would like to speak on this item? seeing no one, public comment is closed. supervisor chiu: i wanted to ask one question to the executive director. a number of agencies have dr

speeches that are going against the kind of medicine the grease is applying to the patient and his mrs domes and scott between those two. places the diverse mindsets one is out of it of his bosses in washington and the other is the germany does it which is contracted mrs domes to effect policies of this of tom's nose are quite poisonous not only for greece but more generally floor of the global economy ok now this is that are saying they other bureaucrats out of brussels have just found another fifteen billion euro black hole greece. this seems to be a recurring theme how many more black holes do you expect to be found in great financial universe before it's all over it really depends on whether germany is ready to let the eurozone go. germany has not. decided that it wants to reconstitute the doj mark and get out they're going to be blocking the black holes. with no money either. by the c b or gallon the loans from the german taxpayer greece is neither here nor there it is not significant or important enough to worry about the state of its of its marker accounting national accounting or indeed or tha

mr. scott: i thank the gentleman for yielding. madam speaker, the bill we're asking today, the stock act, would pro-- prohibit members of congress and other branches of government to use information derived from an individual's position or gained from an individual's duty for personal benefit. today we're amending the senate-passed bill with a substitute which makes changes to the senate tax which is regrettably, requiring political intelligence activities be disclosed under the lobbying disclosure act. they sell that information to investment firms and the public should be informed about these types of contacts. with this bill our goal is to hold members of congress as well as other government officials to the same standard as those in corporations who have the duty not to trade on information that is not available to the general public. now, most members of congress believe that this type of activity was wrong. whether explicitly prohibited by criminal law or at least subject to the ethics committee sanctions. and most of us ass

mr. scott: i thank the gentleman for yielding.adam speaker, t bill we're asking today, the stock act, would pro-- prohibit members of congress and other brancheof government to use information derived from an individual's position or gained from an individual's duty for personal benefit. today we're amending the senate-passed bill with a substitute which makes changes to the senate tax which is regrettably, requiring political intelligence activities be disclosed under the lobbying disclosure act. they sell that information to investment firms and the public should be informed about these types of contacts. with this bill our goal is to hold members of congress as well as other government officials to the same standard as those in corporations who have the duty not to trade on information that is not available to the general public. now, most members of congress believe that this type of activity was wrong. whether explicitly prohibited by criminal law or at least subject to the ethics committee sanctions. and most of us assume th

scott -- [applause] >> thank you, mr. mayor.hen supervisor campos and i went to merely to ask him to work with us on this -- went to mayor lee to ask him to work with on this, he was enthusiastic and rock-solid in his support. i had the honor of representing district 8, which includes the castro and surrounding neighborhoods, and my district has been the hardest hit by the hiv/aids pandemic. and it has the highest number of people living with hiv/aids. and i see, every single day, constituents of mine who absolutely depend on these services, whether it is access to housing, legal services, to health care, to mental health services. these are not optional services. these are not luxury services. these are basic bedrock services for a significant number of people living in this city. you know, over my dead body are we going to retreat from our commitment to the people living with hiv/aids and those at risk. and i really just want to emphasize how grateful i am and how grateful we all are to nancy pelosi, who went to congress in 19

mr. scott. >> thank you mr. chairman.tlemen, i appreciate you hanging around just for my question. and general you spoke about the isr capabilities. we have the jsors there and it's not appropriate here but would like to get some information. there is an efficient way to crease capabilities of that unit and those planes that would i think be a significant cost savings so i'll provide that information for you and work my staff to your staff. i will tell you i did not vote for the sequestration. i represent robbins air force base. i'm from georgia. we have ft. benning, we have ft. gordon, we have ft. stewart. we have king's bay. i'll also as chairman would tell you, tell you i'm one of the ones that did not sign the letter saying no cuts to the military. i recognize that we are going to have to have some reductions. what i see happening, though through the communities that have such a large military industrial base is the fear between sequestration and talk of brc. it's disrupting businesses whether it's a entrepreneur that

mr. scott: i thank the gentleman for yielding.adam speaker, the bill we're asking today, the stock act, would pro-- prohibit members of congress and other branches of government to use information derived from an individual's position or gained from an individual's duty for personal benefit. today we're amending the senate-passed bill with a substitute which makes changes to the senate tax which is regrettably, requiring political intelligence activities be disclosed under the lobbying disclosure act. they sell that information to investment firms and the public should be informed about these pes of contacts. with this bill our goal is to hold members of congress as well as other government officials to the same standard as those in corporations who have the duty not to trade on information that is not available to the general public. now, most members of congress believe that this type of activity was wrong. whether explicitly prohibited by criminal law or at least subject to the ethics committee sanctions. and most of us assume

now back to scott and mr. sunshine himself. >> all right. thanks so much. see you in a bit. less than four hours to go until sales force.com reports earnings. most analysts anticipate the company will do well this year. ed mcguire raised his price target to 145 from 125 reiterated out perform on the stock and joins us with what to expect. good to have you on the show. welcome back. >> good afternoon. >> so the stocks had a good run obviously thus far this year. are the good results baked in at this point? >> well certainly i think the street is anticipating a good result but we do think that there's room for it to go higher. >> based on what? >> well, the key metrics we'll be looking for are the bookings and the contracted number which was an area of some controversy after last quarter. these are actually the total value of contracts that the company has concluded with its customers but having hit the balance sheet yet. the overall visibility is essentially the coverage that the company has to meet and beat its earnings over the next several quarters. >> you're talking about

scott. >> caller: hey, mr. gps of wall street. boo-yah, cramer. >> well, terrific, as long as you don't mean gap stuart. boo-yah back at you. >> caller: i noticed the cheesecake factory recently has strong earnings and has had consistent earnings over the past two years. i'm concerned that there's no dividend to go with this, only stock buybacks. i've been to this restaurant several times, and it has been packed. what do you think of this stock in. >> i agree with you in terms of the packed nature of the place. particularly -- you know what? they have a low-fat -- i know it sounds like cheesecake has a diet menu. but they do. it's not an oxymoron. however, the quarter was not good, sir. it was not good. and it is now one of my lesser favorites stocks in the restaurant group. remember, we remain buyers of panera and chipotle, particularly on weakness, and we're all over mcdonald's and yum. kfc is best in show. how about mike in illinois? mike. >> caller: boo-yah, jim cramer. >> boo-yah, mike. >> caller: boo-yah. jim, i and all chic

>> scott, i'm not in mr. fink's camp here. i think asking larry fink and blackrock, one of the largest equity owners in the world, if they like stocks is sort of like asking silvio berlusconi, do you like women? we know what the answer is going to be. if you look at a chart of the s&p and put it with blackrock's stock, it looks almost identical. mr. fink has had a tremendous career. i have admiration for him. but i remember an interview on this network in june of 2008 when he said -- he was talking about lehman specifically. he said that lehman had plenty of liquidity, that it was not a bear stearns situation and he said we were near the bottom -- >> let's move beyond sort of that. i don't want to get into either finger-pointing at larry fink or the fact that he may be talking his own book. its irrelevant for this conversation. the fact of the matter is, do you think with the view that equities are a better place to be than bonds? >> at this point, no. i think saying the s&p which has now doubled off its crisis lows, that now

mr. obama. a month ago they favored mitt romney. today independents favor the president. and, scott, that swing among independents is why for the first time the president has a clear advantage against his republican opponents if you put them a general election matchup. >> pelley: and independents decide these elections. norah, thanks very much. there is news in the numbers for republicans as well. rick santorum has soared to the lead in our national poll of republican voters. he's at 30%. followed by mitt romney at 27%, ron paul 12%, and newt gingrich 10%. john dickerson is our cbs news political director and, john, you've been digging into the numbers and you found something fascinating. >> well, you know, rick santorum is becoming the conservative alternative to mitt romney by arguing he makes the sharpest contrast with barack obama. there's a number that point this is out. we asked voters who would have very different policies from barack obama. 60% said santorum. for mitt romney, only 36% said he would have the most different policies. the snapshot we're seeing now is that santo

. >> at the table now is scott paul, who is executive director of the american alliance for manufacturing. thanks for being here, mr. paul. >> thank you. >> we see this headline in usa today which says, manufacturing is a star of the upbeat jobs report that came out friday. so they're talking here about 243,000 overall jobs, but give us a status report on u.s. manufacturing. >> well, manufacturing has been a bright spot for the last couple of years. in january, we created 50,000 manufacturing jobs. that's actually the highest number of manufacturing jobs we've created in any month since august of 1998. so 13 years unprecedented rate. and overall of the last two years, we've created about 300,000 manufacturing jobs which stands in stark contrast to the last decade and the shedding of jobs that we saw, the millions of jobs. >> let's break down that 50,000. we have a slide that we can put on the screen. 50,000 jobs added in january, as our guest just said. in fabricated metal products, the number is 11,000. machinery, another 11,000. motor vehicles and parts, 8,000. give us an idea of the types of jobs created in meta

much more ahead on the cbs evening news with scott pelley, including president obama ,, >> pelley: tonight, the president and the pill. mrb tries to head off a runaway controversy. >> religious liberty will be protected and a law that requires free preventative care will not discriminate against women. >> pelley: norah o'donnell has the story. chip reid on the republican candidates and who they're courting. >> conservatives... >> conservatives... >> conservatives! >> pelley: cla vases ward is with the rebels in syria where today the people parade for freedom. and today, on the road with steve hartman. noah saves the day with a flood of help. >> there's a lot more good people in the world than i captioning sponsored by cbs this is the "cbs evening news" with scott pelley. >> pelley: the decision is one part soloman, one part semantics. president obama rushed to resolve an election year battle over religion, health insurance and h

scott pelley" is next. >> caption colorado, llc comments@captioncolorado.com do >> pelley: tonight, the president and the pill. mr. obama tries to head off a runaway controversy. >> religious liberty will be protected and a law that requires free preventative care will not discriminate against women. >> pelley: norah o'donnell has the story. chip reid on the republican candidates and who they're courting. >> conservatives... >> conservatives... >> conservatives! >> pelley: cla vases ward is with the rebels in syria where today the people parade for freedom. and today, on the road with steve hartman. noah saves the day with a flood of help. >> pelley: cla vases ward is with the rebels in syria where today the people parade for freedom. and today, on the road with steve hartman. noah saves the day with a flood of help. >> there's a lot more good people in the world than i expected. captioning sponsored by cbs this is the "cbs evening news" with scott pelley. >> pelley: the decision is one part solomon, one part semantics. president obama rushed to resolve an election year battle over religion, health insurance and

scott paul. the web site is americanmanufacturing.org. take a look and learn more about what they are talking about. mr. paul, thank you for your time this morning. >> thank you. >>> a new america where freedom is made real for all. without regard to race or belief or economic condition. i need a new america which everlastingly attacks the ancient idea that men can solve their differences by killing each other. [ applause ] >> as candidates campaign for president this year, we look back at 14 men who ran for office and lost. go to c-span.org/thecontenders to see the contenders who had a lasting impact on the american politics. >> the liberal left continue to offer only one solution to the problems which confront us. they tell us, again and again and again, we should spend our way out of trouble and spend our way into a better tomorrow. >> c-span.org/thecode

mrs. kennedy with cbs news corresponde fiftieth anniversary of jackie kennedy's famous televised tour of the white house. >> you have probably seen the vintage video of misses kennedy. now scott pelley introduces us to the news man who produced it. >>> basic mac. >> that was the public debut with the newly restored white house interior. >> be found at table that was being used as assault was. >> the tour was being broadcast on free networks and altogether 15 million people tuned in. >> and cbs work together to produce the news and the broadcast. >> she was slightly nervous and her voice was of little bit difficult for her. >> are there many state dinners? >> yes there are. there were almost two per month last year. >> mrs. kennedy made some handwritten changes on the script. >> we were told by some of her script that might doubt that she would go from room to room so i had written upon chuck questions, she knew what she was doing. >> this window's door in the old days. >> there were no retakes. we would go into the room and she would tell us roughly what she was going to do and we would just do it. >> even though she had no retakes, the president had asked to redo his part. >

. >> embattled republican governor scott walker greeted the president when air force one touched down in milwaukee but illness kept walker from joining mra for a speech on rebuilding america's manufacturing sector. a year after budget cuts triggered protests, obama faces re-election complication in state he won by 14 points in 2008. on this day he stayed away from the fight and focused on the manufacturing initiative. >> today for the first time in 15 years this plant is running at full capacity. that is an example of what happens when unions and employers work together. >> when they're bombarded with pro and anti-walker ads, summer recall election may be the most expensive statewide race in the country this year. walker hopes it overshadows the presidential race. >> this isn't just about who the governor of wisconsin is. not just the momentum or impact will be on the november 2012 election. >> recall election gave democrats a year's head start mobilizing for the november election. at union shop master lock, gave them initiative. >> through the local union they have a voice, seat at the table and right to collectively bargain with the c