mr. shapiro, any response for carl?ness is also the intent entertainment business. i didn't happen to hear that call. it definitely differs by host. i don't want to comment on any one specific coast, especially when i don't know the particular circumstances being discussed. when i talk with folks, we take calls on our show in los angeles when i had ability, i enjoy engaging as much as possible. it's no fun if anybody gets to say anything. >> host: this is a treat from john armstrong. what kind of stories can a conservative film producer tell to respond to the hollywood juggernaut without being preachy? >> guest: good stories. i've always had with the left us and they are smart about this, they let their worldview come under the stories they tell us opposed to trying to force it. when they're making promised land, basically anything involving matt damon. anytime they get preachy and angry and it turns into a diatribe about politics in america, that's where stuff. some of the most effective is when they're trying to tell

mr. shapiro. what is your opinion of how eric snowden has impacted? >> guest: it's interesting because edward snowden, i'm not sure whether he's a traitor or a hero. i don't think it matters. this is one of the things we have to get away from as a society. hero or traitor, who cares. with the information that for the public to know? i think it was very good especially given the fact that a couple of months ago president obama basically declared the war on terror over. if it is over then you don't need to be -- the rationale for president obama has been doing on the level has basically been undermined by president obama blank rhetoric. i'm happy that he brought these revelations to life and i think that the level of scrutiny is higher than it was even contemplated. i was a backer of the patriot act. i probably wouldn't have. this is too much. it's too intrusive and i do feel that it's violating the basic american liberties. again that doesn't speak to whether he should be prosecuted. you can get a good result by doing a bad thing but it does speak to t

mr. shapiro was known as "mr. big" in south beach. >> narrator: he takes in nearly

mr. shapiro, i know you have to leave and catch a train. thank you for being here today. >> one of the questions in the debate is how diverse the states seem to be in terms of arriving at the same conclusion where you have michigan, nevada, new hampshire, pennsylvania with "stand your ground" laws, and you have a lot of southern states where -- i guess the point i'm trying to make, it seems to be that democrats and republicans, depending on what state you are from, sent to embrace these laws -- seem to embrace these laws. democratic governors have signed in "stand your ground" laws, so i hope this is not turn into the republicans are for it and the democrats are against it. it seems to be a pretty diverse mix of views. mr. sullivan, from the federal point of view, there are remedies available to the federal government if there has been an injustice that the state level. is that correct? in any case, the trayvon martin case, the case here in illinois, the justice department could if they chose pursue federal action. is that correct? >> absol

mr. ambassador. steve shapiro, a councilmember. if you could just expound a bit on the difficulties demonstrated in the afghanistan operation by conflicting rules of engagement and caveated forces. i think that's a complex issue i don't get to hear enough about. >> just on that, i mean, every operation has -- every country that operates within a coalition perspective will have its own specific issues of concern. we have caveats, the united states. the issue is whether those caveats affect the operational effect of the force. at least since i was involved in this operation since 2009, the answer is no, that most of the caveats that really did have an operational impact were removed, were dropped in one way or another, and the effectiveness of the force as a totality to do what it needed to do was not affected by these caveats. but let's be clear. caveats is a reality of coalition warfare. and it's a reality that affects us as much as anybody else. and it is -- it is -- it's a myth that somehow there's some countries that have caveat

mr. adam shapiro reminded us earlier this hour you're not making anything in bond fund these days.o what is your recommendation for fixed income invests as we close out our chat today? >> well there are bond funds that you're making a great deal of money on. if you go down in maturity and down in quality that will position you into safer, less volatile and higher yielding securities that ought to do well in an environment that is stable, or even creeps up a little bit hire in yield. lori: all right. are you still looking then at fixed income as your protective as your defense portion of your asset allocation pie? >> yes. and i think, you know, buying things like bank loans with, which are short-term and low quality, short duration, which might be higher in quality and high yield, all three of those asset classes are likely to do well in a slow-growth environment, without a lot of inflation and -- lori: what about a stock market. i have to throw one more at you. everybody is concerned with all the froth going on with the stock market. so are you seeing some inflows with that strateg