the founder and chairman emeritus of harman international is buying "newsweek." there's no price tag on today's deal, but harman has agreed to keep most of the "newsweek" staff. in exchange, the "washington post" will keep newsweek's pension assets and liabilities. the magazine has struggled through the recession, losing nearly $30 million last year alone. >> susie: virginia's lawsuit challenging the obama administration's health care reform cleared its first legal hurdle today. a federal judge turned down the justice department's request to dismiss the suit. other observers, like tonight's commentator, call it an opportunity to fix health here's alice rivlin, senior fellow at brookings and former vice chair at the federal reserve. >> critics of the new health reform call it the road to socialism. but, wait a minute, isn't the central innovation a new marketplace, called an exchange, in which the uninsured can buy health insurance? doesn't the exchange allow consumers without health coverage to choose among competing private-sector health plans? the law charges s

"newsweek" lost $44 million in recent years. "newsweek"'s editor jon meacham is leaving. he's a pulitzer-prize winning historian and author. >>> when nba superstar lebron james decided to sign with the miami heat it was seen as a huge plus for the local economy, you will recall. that may be true, but for those whose job it was to sell the team's season tickets, it's turned into a ticket to the unemployment line. the miami heat fired their 3 30-person sales staff because season tickets sold out so fast there was nothing left for them to do. >>> there were millions of people on the internet this weekend searching for photos and information on the wedding of chelsea clinton and marc mezvinsky. the proud father-of-the-bride walking down the aisle, the former president -- who, by the way, lost 20 pounds for the occasion. there was the bride herself in a vera wang gown at the interfaith ceremony and a family portrait on the banks of the hudson river in late afternoon. the couple said to be planning a honeymoon of more than two weeks. the location, as secret as the wedding locat

earlier today i spoke with the author of the "newsweek" article, he is richard haas, president of the council on foreign relations and u.s. government's coordinator for the future of afghanistan under president george w. bush. richard, thanks for joining us. we appreciate it. you said in "newsweek" magazine recently that it's time to dramatically scale back in afghanistan, why? >> well, first of all i'm not sure it's really worth it in the sense that afghanistan is no longer the unique center of global terrorism like it was at the time of 9/11. secondly, i certainly don't think this level of effort is going to succeed. you have a sanctuary in pakistan, you have got a weak central government in afghanistan. i would narrow the mission, not leave, going after terrorists, using cruise missiles, using drones, using special forces, using covert operations people, but not try to remake the society. that's a bridge too far. >> mitchell: it is august 1st. the president has vowed that by july of next year troops will begin to leave afghanistan. is that realistic? >> it's realistic but there is

company intact sidney harman says he believes in the publications mission m is not investing in newsweek for profit details of the deal will not disclose however the magazine lost thirty million dollars in two thousand and nine. citibank says russians spending abroad are expected to exceed pre-crisis levels this year international credit called spending is said to be more than eighteen percent one percent higher than last year the most popular purchases include jewelry call rentals and medical services russian shoppers have already increased their spending on clothes and shoes for more than three percent spending slowed or remained unchanged in countries where credit called a most popular name of the u.s. a u.k. france and italy who was fifty most valuable brands have been named join us to the names. if. this is a see there's a state of emergency in seven russian regions where bridges walls pharmacy history with entirely villages meeting for the mills and searing temperatures and strong winds all founding the thing. wednesday will be a day of mourning in russia is it caused by also from

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we have john heilemann, norah o'donnell and kelly o'donnell and "newsweek"'s howard fineman. barack obama has past his 49 birthday and he is president and he is one lucky guy. remember obama won his first race in the u.s. senate just six years ago. republicans ended up with alan keyes. mccain who had been a strong candidate faded in defending the bush record. and this year, while the numbers don't look good for the democrats. the g.o.p. could be split between the tea party candidates and the regular party. and that obama luck may hold when he runs again in 2012. modren persidents have one strike in terms unless they face a commanding opponent. john, he has been lucky? >> he has been lucky, but one exception, hillary clinton, who is a rival when he ran for the nomination. right now, it's fascinating. you think of obama's approval rating has fallen and yet over the course of the first 18 months, unlike in past presidential elections, you don't see republicans out there. there have been two, mitt romney and pawlenty. and the white house have said, couldn't we be lucky enough to

these results exclude the sale of "newsweek". second quarter profits more than quadrupled, but revenue games from the broadcasting and kaplan education units helped, but look at the stock chart, down 7.5%. investors very worried about the kaplan unit that was cited by federal investigators looking into recruitment and student loan application issues with the career colleges. as you can see, it hasn't been a good week for kaplan's competitors. on thursday, career education says it is see less interest from potential new students, something of a theme for that sector as well. new developments with a.i.g. as the company pulls out all of the stops so buy its way out of government control. the company told the "new york times" it is close to selling its american general finance unit, which was a $2. 4 billion investment, and a.i.g. is looking at a huge secondary offer. significant solution, to the current shares to raise bailout, buyout shares. and they reported earnings, if you exclude all of the bookkeeping adjustments, and profits

he's daniel gross, senior editor at newsweek. >> the conventional wisdom says president obama and the democrats may be in trouble in this fall's midterm elections because they've tried to do too much on the economy. the stimulus package, health care reform, financial reform-- too much action and too few results. after all, unemployment remains at 9.5%. but the conventional wisdom is wrong. president obama's problem, in fact, may be that he has done too little on the economy-- on both fiscal policy and monetary policy. from the beginning, many economists warned that the $787 billion stimulus package, designed to roll out over three years, was too small, especially given that the economy was shrinking at a 6% annual rate. in fact, the obama team had originally proposed a package closer to $1 trillion-- it was cut in size as part of an effort to get a few republican votes. too small at the outset, the original package hasn't been followed by further aggressive stimulus. in the absence of new fiscal stimulus, the federal reserve will be the vital player in providing aid to the lackluster

let me begin before we talk about the president and foreign policy today, this is the cover of newsweek, a mosque at ground zero, underneath a test of toll rants by fareed zakaria. tell me what this symbolizes to you. >> i think it sbolisore than anything else a question of -- the challenge of democracy, and the challenge of american democracy, because the gut reaction everyone has to the idea of a proposed mosque which is really an islamic center close to ground zero, it is not on ground zero, the gut reaction i think we all have is, you know, there is a sense of unease, there is a sense is that the right thing there is a sense that maybe this is going to provoke a reaion among pple, and u n see the reaction. polling 60, 65 percent opposed but american democracy is not just about mob rule, it is not just about the tyranny of the majority, it is about fundamental rights that we believe in, that is what the bill of rights was about, the bill of rights is an anti-democratic document, it says no matter what the majority thinks, these rights are sacrosanct and the first of those rights, the

hollywood, and the media is so vast that to focus on something that katie couric said or written in "newsweekems sort of not important anymore. it's more important to focus on the ways that we can get our voices heard. >> wait a second. you mentioned hollywood. mel gibson that movie about christ. is that part of the media that is attacking christianity? >> i don't know. i think --. >> clearly, catholic movie it was unbelievable. >> just because someone on one of the three named networks now maybe frowns upon christianity, if that is what she is pointing to i'm not sure, that doesn't really alarm me. because i think there's plenty of ways, like you say, to get your opinions out there now. >> do you congress woman, does congress get petitioned for repression of religion? >> not at all. and particularly not for repression of christianity. it really does surprise me. i am a christian and in our community we don't have a lack of christian churches and worship. and if anything, i think it's the challenge to make sure that we are making space for lots of faith and tradition. if miss cupp remembers t

recently, you wrote in "newsweek" that it's time to scale down our ambitions in afghanistan. why? >> first of all, i don't think it's really worth it. i don't think afghanistan warrants the scale of investment the united states is making. the c.i.a. director, leon panetta, as you know, harry, estimates there's only 50 to 100 al qaeda people left in the country. so the scale of what we're doing is way too much. also, i don't really think it's going to work. to try to do a nation-building or state-building effort in a place like afghanistan, which has no tradition of a strong central government, which is divided along sorts of ethnic and tribal and geographic lines. also you have a sanctuary in neighboring pakistan. i simply don't think the sort of strategy we're doing can succeed. instead, i would scale back. not to withdraw, but i do think the united states ought to scale back dramatically to do something much more along the lines of counterterrorism, more akin to the sort of limited actions we're doing in places like somalia and yemen, where we use drones and we use cruise missil

anti-americanism europe can't even be bothered to hate america anymore this is howard fineman at newsweek and he's talking about being in europe and looking at the newspapers and magazines here and says that in these newspapers and magazines he finds that the u.s. is depicted as afraid empire of obesity ignorance debt gridlock stagnation and mindless war the stories are not angry accusatory or even ideological it's worse they are condescendingly l.-a jr. yeah well i think the globe has care about america fatigue you know they they just can't give it up anymore for the u.s. i mean after katrina a big rave after scandal after scandal that the i saw obviously oligarchs are in charge the people are left to fend for themselves and the people don't seem to mind that they're being abandoned and left to rot by the roadside so why should the rest of the world care but it's also you know in any bull market it was a bull market of american empire and barack obama was actually the last like spasm of you know as all bull and bull markets always and straight up vertical and then a collapse so europe di

. >>> switching to physical things you can read "newsweek" has been sold. audio equipment giant sidney harmon saying he will buy the magazine. at this point terms of the sale haven't been released. >> thank you. >>> federal stimulus money coming to a neighborhood near you. that's the plan from the housing trust of santa clara county. nbc bay area's damian trujillo shows us how neighborhoods with high foreclosure rates are getting help. >> there's hope. >> reporter: you can't blame new homeowner, jay, for showing off a little. >> the kitchen, cabinets, appliances. recessed lighting and the master bedroom and new doors throughout the place. >> reporter: he is just days away from moving into his first home in san jose's eden vale neighborhood. >> very excited to start living here full-time instead of just at night. >> reporter: stimulus money was given to loan prospective homeowners $50,000 toward downpayment or renovation. >> we were very honored to receive an allocation of $25 million to help the neighborhoods that are the worst, hardest hit by the foreclosu

times," "time" magazine, "newsweek," all of them have reported on the things talked about about blackwater, drone bombings, targeted assassinations. but they are few and far between and no drum beat coverage to say to people this is something really important. we saw the impact of drum beat coverage in the lead-up to the iraq war where you had the coordinated campaign between the administration and allies and corporate media. any changed public perception and helped lead the country in war. if we had the moral equivalent taking place where people were being presented with a mental of urgency -- a message of urgency about the policies i think we would see it wouldn't be niche publications or smaller independent publications. i think we would -- i think we have moved from that culture of journalists as protectors in a way of not only freedom of speech but of access to information from the powerful. in terms of relevant, i think that it is what has been drilled in people's heads and it is altering the culture. it has altered our way of seeing the world by the name of reality tv. it is as thou

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coming up on kron 4 newsweek.it is the holy days of ramadan moslems fasting during the day is eating at night. it has to be tougher during the summers. to mark ban we have the author of the intone told. >> an interesting thing about ramadan profit mohammed best as to keep the fast with the jews. he thought this was a good thing to do. the ramadan impulse from their developed into a 30 day fasting in order to get an inner life more place. >> your book called the untold secrets of the wives of the profit. some of that fact some of that specular to live. it was a tremendous influence on mohammad. they were also highly controversial even when he was alive. the most influential was to be shot. they had been married most their life. >> could be joe was the first wife she was his only wife for 25 years. she came from my matrox she was able to have from businesses successful business of caravans going over the middle east. the way she met mohamed who was younger than she was was she hire him to take her caravan to syria.

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he gave an interview to "newsweek" and he talked about jesus and prayer. they spend a lot of time talking about this. they have made the decision now as a sitting president, because of the reverend wright controversy i think, he doesn't want to publicly go to church every sunday somewhere. he doesn't want to disrupt services is what he says. the effect of that is it leaves confusion in people's minds. and they're able to -- the people who think he's muslim are the people who tend to oppose him. >> chris: i was going to get to that. kevin, how much of this has nothing to do with his background, or his father, but opposition to policy grows, the negative feelings about him personally also grows? >> that is one of the way you explain the trend line going in the wrong direction for the white house. i think this is more attributable to the way people get and retain information than it is sort of mo -- molevolent intention. there is a wave of information -- >> chris: misinformation. >> that's correct. there are a lot of people who witness the debate and the disc