corporate interests can be out of sync with foreign pollty. patricia sabga reports. >>> the russian president awarding exxon mobil ceo the order of friendship in june 2013. a picture of cooperation that continues dispipe escalating tensions. since 2011, exxon mobil has substantially strengthened its ties with russia. inking deals to jointly build a liquified natural gas plants, and a joint $3.2 billion project to hunt for oil in the black sea. the majority of the deal financed by exxon, and access to potentially billions of dollars of oil. >> basically exxon is going to russia because of opportunities there. and russia wants exxon, because we believe that exxon can bring something that russia does not have. or russia needs more oil. >> reporter: and it gives them a foothold in the west for exploration rights in the gulf of mexico. the exxon mobil deal are poised to enhance the relationship regardless of foreign policy restrictions. >> we can disagree on politics, and everything else, but we're here to do business. >> reporter: according to the

what you are saying is obama is making such statements just because he is bowing down to domestic polltyhe united states? >> i lost sound -- >> what you are saying, then is obama is bowing down to domestic pressure? >> hello? all right. i'm afraid we have lost our guest from new york, but we'll try to bring him back a little later on in the program. >>> amid the crisis over ukraine, the winter para-olympic games are kicks off in sochi. >> that's right. the opening ceremony is due to get underway in the next half hour. russia's president, vladimir putin has told the ukrainian para-olympic chief that sports events must not be affected by politics. earlier putin took part in a flag-raising ceremony, but dozens of vips and foreign ministers have canceled their plans to attend. while the world is focused on escalating tensions in ukraine, putin is having the games will have a positive impact at least in russia. let's go to peter sharp who joins us for more on this. peter we now now that the ukrainian team is going to participate in the games? >> that's right. it was a will they won't they sit

in that direction, but more failing well will be good for individuals and be good for the property polltyw, note the you're saying the latter this has big implications for children and education. there's very little in here about children, which is quite striking, i think, and how one would deal with a child is a very good, cutting edge question for where these margins fall. because there you just care about the child. you don't care about the social benefits of what your child might learn. so in general, what your views are on the wedge between private and social been fits, what gets subsidized, what are the behavioral imperfections, and do we as purely selfish individuals actually want to take the weird pill -- that will mean we take more chances and fail better -- but have all that pain in the meantime? yes or no, should we take some more weird pills? >> we should take more weird pills as individuals. i may not be entirely objective here. the downside in america is just not that far down. right? as i say, the worst thing that happens to most people who lose their jobs is that they end

with reagan you could argue this becomes a kind of political fact in the larger, in the largeerer pollty and the larger culture. but the '40s and '50s when you see this transition, how does one be both conservative and strategic? that's a question. >> host: what do you teach at catholic university? >> guest: 20th century american history, a little bit of literature and a little bit of great book stuff. >> guest: is this your first book this. >> >> guest: yes. >> host: michael kimmage is the author, here is the cover. >> is there a nonfiction author or book you'd like to see featured on booktv? send us an e-mail at booktv@cspan.org or tweet us at twitter.com/booktv. >> next from booktv's recent trip to tallahassee, florida, learn about the rare books and manuscripts from napoleon and the french revolution. >> the special collections room in this library, this is our main reading room where researchers come to interact with our materials. special collections and archives maintains an extensive rare book collection spanning back to manuscripts from the 1400s through 20th century publication

>> people just look at gold as like it's a store of wealth, it's a great insurance pollty. put the bank on it, it's a nice insurance policy, that's where you should put some of your money. >> rick, pawnshops have always been a source of credit from those who can't get it from your traditional sources of it, what types of credit are consumers asking for right now? payday loans? what else are they saying? >> well, i don't do the payday lo loans at all. it seems like -- i deal with a lot of construction workers, i deal with the whole spectrum of society. and the thing is no one can get no overtime, no one can get -- you know, everyone's more or less stuck at where they're at. and it's just hard making ends meet. i mean, you take construction guys, a lot of different industries, every once in a while there's that overtime that gets them over the hump. none of that's happening at the moment. >> rick, henry blodget, have you seen a change in the last few years just in terms of a trend of what's going on now? more credit, more pawning? anything changing in the economy? >> no, that

government following the same pollty at two hour -- policy at two hour delay. montgomery county government is open, the university maryland of college park campus will open at 10:00 a.m. >> as far as closings in virginia we're going to start here -- the counties there all closed. in maryland -- >> d.c. public schools are opening two hours late. if you have to be at the bus stop this morning, you will definitely want to layer up. my thermometer in the car all the way and never veered if 10 degrees -- from 10 degrees air temperature. >> mean was 4 the whole time in. >> it was cold outside. >> dulles is at 4 for a couple of hours and that's a new record. they got down to 1 above last night and set a record for the 3rd and the 4th. very cold temperatures out there. we start with a look at the day planner with clear skies. light winds. fresh snow pack. we get what's called radiational cooling and very impressive cold air mass. i'm impressed by it. temperatures are going to be at 30ed to. going to have some passing clouds through midday and more sun for the afternoon