are they nyu, a team of nyu medical people on the scene as well? >> yes, they are. i cannot respond to that question because i am not on the scene and i don't have that information. >> but you do have medical people, your personnel there at the scene? >> that is my understanding, yes. >> katie, what we're worried about now the other building may come down. they, obviously, have evacuated that whole area as a result of the crash of one world trade center. now i'm told that there is concern about the second one collapsing as well. it has enormous upper structure damage in all of the floors of that and it is more than a hundred stories high. it wouldn't take much to bring it down. >> kathleen, thank you very much. we appreciate it. >> thank you. >> we're told now that spokesman for yasser arafat, the leader of the palestinian -- the leader of the pla, the palestinian liberation organization, that he has -- that arafat has condemned what has happened here in new york. he says that the plo has no role in it whatsoever and they are completely shocked and appalled what is

vincents and nyu. downtown is about five minutes away as spokesperson told us earlier, they've had a lot of experience dealing with problems at the world trade center from that february terrorist bombing in 1993. and, obviously, they have all been mobilized and wrj emergency crews working feverishly outside the world trade center. >> you are looking at a live picture of lower manhattan. at 11:00 east coast time at a time of tragedy and terror in the united states. you're looking at what remains of the world trade center in lower manhattan. earlier this morning before 9:00 a.m. and just after 9:00, two planes, an individual attacks, struck each tower of the world trade center. causing gaping holes in both towers. you're looking at a tape now after the first impact and there is the second impact of a large jet flown, we now believe, deliberately, into the second tower. it was a shoate time after that that the towers collapsed. and then there was an attack in washington, d.c. we now have confirmed reports

nyu professor and financial historian richard sylla says regulators should have known they'd set up reasonable expectations for a lehman rescue. >> people were saying the government isn't going to let some really important financial institution fail and then it did. and i think that's made what was already a pretty serious financial crisis a much worse financial crisis. >> reporter: conventional wisdom on wall street is that lehman's demise fueled the meltdown that quickly engulfed credit and equity markets. but, today, some financial experts and academics are starting to doubt that wisdom. some believe even if lehman had been spared the financial crisis still would have occurred. john makin, an economist at the american enterprise institute, says if it wasn't lehman it would've been somebody else. >> it could've turned out differently, a different institution could have failed. but, given the pressure on the system an event like the lehman collapse was going to mark the acute phase of the financial crisis. >> reporter: no matter how history ultimately views lehman's collapse, most experts agr

nouriel is chairman of rge monitor.com, and he joins us right now from nyu. nouriel, good to have you on the program. >> pleasure being with you. >> let's talk about where we are in the economy. i've heard you talk about the possibility of a double-dip recession. i know that's not what you're forecasting necessarily 100%, but you see a possibility there. how would you characterize the economy right now? >> well, we're close to the end of this recession, so the economy is bottoming out and will start to recover in the third or fourth quarter, but the key issue is not whether we'll have economic growth, but whether the recovery will be sustained towards potential growth rapidly or is going to be more dynamic for a while, and i see the main thing now is this u-shaped slow recovery rather than a v-shaped rapid recovery for potential growth because we still have the financial imballness will of the housing sector, of the financial schl, and of the corporate sector and now a releveraging of the public sector. i also see some probability, a small probability, by ris

. >> bonnie: and the nyu law center, there's a center there that tracks terrorism arrests, and, you know, how authorities are breaking up rings and such. and this was the first american arrest that they say was truly legitimate, the guy was doing what -- you know, this will go to trial, and he will be convicted. >> right. >> bonnie: is this administration doing a better job of protecting us than the prior? >> i hope that they are. i mean, frankly, as an american, this isn't a political issue. i mean, we all want to be safe. i hope that every administration gets better as we go forward. i mean, they learn from the past what's happened. and they continue to move forward. i mean, you know, so i hope, yes, indeed al-qaeda is weaker, i hope we're doing better jobs where we have lessons learned. i will say, i'm concerned with things about this administration, very concerned, like the prosecution potentially of these cia officers who, i believe, have done a lot to make this country safe, and are one reason we haven't been attacked again. the fact that the justice department under president obam

i was going to my office at nyu. i thought i'd get out of the car and go into one of the nyu faculty apartments. what a clown going in there i wondered. and then i realized that professors ten-year old had a birthd party and now i there is not a magician or a clown or some other professional entertainer, they feel like it wasn't a special occasion. so it cascades down. in every domain we see expenditure cascades like it or i will mention one other example. victoria's secret catalog feature has a bejeweled abroad that they offer in recent years there was a nice picre of a model that's all for $12.5 million. sapphires and diamond studded all over. i talked to the marketing director and learned that in the 10 years that they have been doing this promotion they had never sold any of the bras. the broth just sit there. they generate publicity. there a big photo shoot when they unvei the current year's model and people see them in the catalog and of course every harvest the jewels and recycle them. but people see this 12 a

i want to come to nyu. >> jimmy: oh, really?that's a good time. you want to come here? oh, good. well, you just turned 16, right? >> yeah, i just turned 16. >> jimmy: wow, the big 16. >> a few months ago. >> jimmy: sweet 16. >> sweet 16. >> jimmy: do you have your driver's license? >> i do not have my driver's license. and i am embarrassed because i always said as soon as i turn 15 1/2 i would get my driver's license. >> jimmy: that's what i always say. [ laughter ] >> yeah, but i have a box of -- i have a box of "hello kitty" stuff ready for -- i don't have a car. >> jimmy: me, too. >> really? [ laughter ] >> jimmy: we have so much in common. >> i have, like, a box ready for my car when i get it. like with the seat covers and all of the "hello kitty" stuff. i'm a huge "hello kitty" fan. >> jimmy: are you really gonna -- >> check out my nail painting. >> jimmy: i think they're awesome. >> "hello kitty." >> jimmy: show it to this camera over there. >> this one? >> jimmy: did you get that? >> i don't know. >> jimmy: can you see th

and norro ravini from nyu would make the argument, don't look at china to take the world out of recession anytime soon. when you look at the china gdp, you're talking $3 trillion of a gdp in this country of $13 trillion. do you look at china as a growth catalyst in the world? >> it's going to contribute to growth. no, we're looking at china, that's going to grow at least 6% if not 8% or 9% for the foreseeable future. the problem we have with the chinese economy is it's not consumer oriented. our economy was pushing 70% consumer. the chinese, i think their consumer portion economy is below 30%. hopefully that will increase, they'll use more of their goods and services. >> focused on expert-led economy. >> exactly. >> thanks for all you're doing with education for this country. i know many people thank you for that. good to have you here. thanks, eli. >> good to be here. >> eli broader of the broader foundation. >>> olympia snowe could end up being the key to get the health care reform bill through the senate. if she thinks the two sides are too far apart to compromise. stay with us. >>> we

>>charlie: beyond writing novels you still tch at nyu? >> yes, i do. charlie: t chair? >> yes. >> crlie: how manylasses do you tch? >> well, i teach one course called "e craft of fiction" a ading course for writers gng rough books and seein how they work breaking the down, undetanding their composition. >>charlie: you've been president -- you'vmet president obama gave a little reading list before he went on vacation, you were one of his favorites? >> yes. was very pleased to hear that. i would have voted for him -- >> charlie: even if he't read your books. that's right. >>harlie: what was he going to read? >> i n't know exactly. he may have been talkingabout "the march" the -- sheer machine's campaign. >> charlie: we talked abo at fur an hour here on this progra >> we did. >> charlie: do u need rea life characters to fashion your novels? >> no, i don't. noat all. justort of -- that old -- >> charlie: sherman was one. >> i started with "rag time" quite by accent. >> charlie: tarted with "g time?" yeah. at the time people were quite shked i was usiistorical characters. of

. >> charlie: beyon writing novels you still teach at nyu? >> yes, do. >> charlie: the chair? >> yes. charlie: how my classes do y teach? >> well, i teach one course called "the craft of ficti" a reading course for writers going through books and sing how they work breakinghem down, derstanding tir composition. >> charlie: you've been president -- y've met presiden oma, gave a littl reading list befe he wen on vacation, you were one o his favorite >> yes. i was very pleased to ar that. i would have voted for him- >> charlie: even if he't read your books. >> that's right. >> charlie: what was he goi to read? >>i don't know exactl he may hav been talking about "the marc the -- sheer machine's campaign. >> charlie: we talkbout that fur an hour here on ts prram. >>we d. >> charlie: o you needeal fe characters to fashion your novels >> no, i don't. not at all. st sort of -- that old -- >> charlie: sherman was one. >> it started wh "rag time" quite byccident. >> charl: started with "rag ti?" yeah. at the time people wer quite shocked i wassing historical characters. of course writer

but i go to school at nyu. >> jimmy: wow, very good. okay. have you started school yet?tart next week, but i'm a sophomore. >> jimmy: oh my god, so you're just drunk right now. all the way up 'til -- are you a football fan? >> i am. >> jimmy: oh, my god. well this is gonna be fun. steve, what will contestant number one be licking? >> steve: well, jimmy, sam will be licking this row of nfl bobblehead dolls. each of these bobbling bobble's represents one of the 32 teams in the national football league. each with hand-painted uniforms. each has a spring loaded neck joints for hours and hours of optimal bobbling. they're a comple set of nfl bobbleheads. they retail for $145. jimmy? >> jimmy: thank you, higgins. thank you, higgins. now, here you do. what you're going to do is, you're gonna start here at the end of the table. and you're going to lick the heads of these bobblehead dolls going all the way down the line, one at a time. just lick, lick, lick, lick, lick. and uh -- [ laughter ] but, for all these licks, you still only get ten bucks. [ laughter ] roots, quest, can w

i saw a clown get out of the car and go into one the nyu faculty apartments. i realized that professors ten year old have their birthday party. if there's not an entertainer, it wasn't an occasion. in every domain we see cascades like this. i'll mention the victoria secret category has a bejeweled bra that they offer. in the recent year there was a nice picture of giselle odding that year's bra for $12.5 million. sapphires and diamonds all over. i talked the marketing director and learned in the ten years, they'veever sold any of the bras. they sit there. there's aig photohoot when they unvl. and people see them in the catalog, of course they reharvest and recycle them. people see and say, that's the chumps buying that one. i'm going to buy the value $350 for my girlfriend. so it shifts the frame of mind. they've been spending the money at the top. the mon has been going toward the usual cool things that everyb wants to have. that generates a cascade that people are spending more now. the media new house in the u.s., 350% larger than it was in 1970. not becaus

joining us now msnbc senior legal analyst and program director of the nyu fertility center. it's important to say the doctor's clinic is not the one where this mix-up occurred. good morning. >> good morning. >> doctor, to reiterate, this has never happened at your clinic, and this is an extremely rare case. but a big question i imagine a lot of people might have after seeing this story, how did this happen? >> well, i don't know how this happened because i don't know the details of this particular case. but wherever you have humans involved in doing things you're going to have human error. >> so, i mean, a procedure was in place at most clinics to protect people from this sort of mix-up. >> oh, absolutely. from the earliest stages of doing in vitro fertilization, the biggest nightmare practitioners face is how do we avoid this problem. but a human can make an error and that's what happened here. you know, when embryos are in the lab, we have to keep track of them at every moment, and we have this term called chain of custody so that we know every time an embryo is taken out

. >> these schools, like nyu, every day that they wake up, when john wakes up, the president wakes upo raise $1 million every day. every single day of the year. >> that's a miserable thing. >> that's hard in this climate. >> running colleges, running universities now, being a dean of the law school. it's all about raising money. it's like a nonstop political campaign. it's miserable. >> pat, we were talking about 9/11 last hour. and our reflections on it. but also i know we can't believe they can't build a memorial in eight years. >> it's incredible. it's a piece of dirt down there and you would agree they would have something. because it is one of the biggest tourist attractions when you come to new york city, you want to see the 9/11 memorial grounds. they can't build a building and they're trying to overhaul health care? there's something wrong with that. >> politics got involved in the city. >> fill it in, grow grass over it. >> i've got to ask you something, we'll veer wildly offtrack for a minute. barnicle were talking about yesterday, talking about how you did the best halftime

nyu chairman and monitor nouriel roubini, if he's sticking to his call for a double recession.ou're watching "squawk box" on cnbc, first in business worldwide. fithe same tools the pros use, so you can be a disciplined trader. by selecting from eight advanced triggers, your order gets executed, even when you're busy. and with trailing stops to help you lock in profits and minimize risk, you can be confident in your strategy, no matter which way the market moves. find out why more and more active traders are turning to fidelity for a smarter way to trade online. trade like a pro. trade with fidelity. >>> the fallout from lehman brothers one year later. >> all i heard from everybody how good everything was. there was no problem in the housing market, the system was sound. what was very clear was that no one got it. >> we get the fed perspective with normer central bank. >>> what are the chances for a double dip recession? nouriel roubini saw it coming. find out what professor doom sees on the horizon. >>> gm rolls out a new incentive. >> if you're not 100% happy, return it. we'll