it's been a long time since i've been at princeton and i'm sort of wondering why. i want to suggest something a little bit different from what jeff proposed. i've been covering the supreme court for 10 years this term, that there are precisely two stories that we in the media tell about the supreme court. and that's it. that's all we got. we've got story one. which is the story that jeff just urged upon you and that is, this is fundamentally a political institution. it matters whether you're a pointed by a democrat or a republicans. it matters if you are a democrat or republican. this is an ends-dritch ideological institution that at this moment is very fascinating balanced. 4-4. with anthony kennedy aligning himself with one side or the other. that's story one. then there's story two. story two is essentially not story one. story two is all the difference stories that we tell when the court doesn't behave that way. and those are an interesting set of stories because they can be the stories that you tell when you talk about the court with individuals about the brok

bailout alone is reason enough to send you back to princeton. >> reporter: his critics on the right,eft and in between say bernanke did too little before last year's crash, but used unchecked powers after crisis set in. and today, vermont independent senator bernie sanders-- who has put a hold on bernanke's nomination-- continued his push to have the chairman replaced. >> one of key functions of the fed is to oversee soundness. and all around him was wild speculation, gambling type taking place. where was ben bernanke when this was happening? >> reporter: the nation's top banker has taken extraordinary actions-- using the fed's power in novel ways to pump trillions of dollars into the financial system. last year, amid debate over the wall street bailout, he answered critics who said the government should let the crisis take its course. >> why don't we allow free market system to correct itself? >> my response is that the pain would be very significant, it would be very difficult for main street, if this credit system broke down, it would be very costly to average people. here's a bet

it has been a long time since i have been at princeton and i am wondering why. i want to suggest something a little different from what jet just proposed. i have been covering the supreme court 14 years, but there are precisely to stories that we tell about the supreme court. that is it. that is all we've got. we have story one, which is a story that job just urged upon you. a political institution. it matters whether you're a pointed by a democrat or a republicans. it matters if you are a democrat or republican. this is an ends-dritch ideological institution that at this moment is very fascinating balanced. 4-4. with anthony kennedy aligning himself with one side or the other. that's story one. then there's story two. story two is essentially not story one. story two is all the difference stories that we tell when the court doesn't behave that way. and those are an interesting set of stories because they can be the stories that you tell when you talk about the court with individuals about the brokering that goes on, the influence. a lot of those things don't ha

she's now iplomat-in- residence' at princeton' woodrow wilson sool. fawaz rges is professor of middle eastern politics at t london sool of economics and author of o books on 'jihadism'. barbara, a failing state is just how we ard yemen descrid. what would you call it? >> i would call it a fgile state. yemen is descred as the almost always faili state. its economy has alys been in a shames. it's alws been resourcef. it's always d ungovernable hinderlands. it's always had a we central government. one of the mirles of yemen is that it's never failed, t also never ite succeeds, and the sue before us now is not to write off as a failed or even failg state, but try to see what we can do to keept from going to the wrong se of the failure rve. >> fawazerges, what do you see? what does that say abouthe potential vacuumf power there? >> i tnk the situation is extremely volatile and frale in yemen. i mean, every time i vis yemen i see a deteriating security situation, a decning social and onomic situation. whatas happened is that really thisarticular storm has b

when we submitted the manuscript to princeton university press for review, peter who we think added knowledge we were lucky enough to get him the excellent device, he sent me a copy of an advertisement for standard statistics that said we don't have to invest in the bubble anymore we're not the unsophisticated mass of the south's the bubble of the early 1800's we have statistical analysis was was an advertisement based from new york and this advertisement it appeared in the saturday evening post september 1929. weeks before the crash. you can see where i am going, i hope with the this time is different syndrome. a very important example of the this time is different syndrome. the year was 1995. how many of you remember mexico peso crisis 1994? mexico almost approached defaults and then what was a large bailout package was put together from the imf and the u.s. and other of the g-7 the economy is. mexico after all was in latin america so latin america historically has had a history of financial volatility. the mexican crisis occurred against a backdrop in which mexico months before the crisis

he is a summa cum laude graduate in economics from princeton.he owns a phd in economics from the london school of economics, which he attended as a marshall scholar. is an author of numerous books. finally coming is also an avid runner and has completed several marathons. occurred when i think qualifying as one of we push towards health care reforms. so join me this morning and welcoming peter orszag. >> thank you all. is a pleasure to be your. i am particularly pleased because i am an avid reader of health affairs, and thank you all for joining us this morning. let me just a few remarks and then i want to reserve most of the time for your questions. we stand on the verge of a dramatic account of schmidt. not only meeting the moral imperatives of the worlds leading economic power, dramatically reducing the reigns of its uninsured. not only doing so in a fiscally responsible way, but also putting in place the key tools that will help to lead to health care system of the future embodying continuous improvement and an emphasis on quality rather tha

in as i live in princeton and my name. -- it knows that i live in princeton and my name.ory, which adds to the profile of along with other information it had. finally, i go to a new site that uses the same service. my computer request and ha ad. it sends an ad 4 budget hawaii vacations. it knows i am interested in a low-kostroun because as my credit report. the new site sends information about what i was reading. in this example i was reading about cancer treatment. add service got information in three ways. firs-- the ad service go t information in three ways. all of this information ended up in my profile. the result was well-targeted ads and the creation of electronic profile of me, containing sensitive information. iad services are not the only ones who can assemble such large profiles. all of this is possible as a technical matter, which is not to say that the ad services to all of it or even most of it. they may be restrained by law, regulation, or market pressure. what is clear is the technology by itself cannot protect users. >> would you please bring restatement

. >> when you are minding your own business at princeton, did you ever have any second thoughts aboutoming to washington? [laughter] >> [laughter] >> it has been an interesting experience overall -- [laughter] it was once said that economics should aspire to be as useful as dentistry. [laughter] what he meant was that economics is not a subject which should be studied in ivory towers. to be applied in a way that should help the broader economy and help the public and make things better. it was my objective to bring my knowledge, my research arm the great depression and the financial markets on the economy to do the best i could to bring that to the actual policy making a report in that respect, i do not regret coming to washington very >> your academic research, is there any big u.s. lard in washington that would say your research is wrong or right? was the most important thing you have learned in washingtons? >> i studied the great depression of the 1930's. the world is more complicated. financial institutions are more complicated. the whole structure and nature of our financial mark

she's now 'diplomat-in- residence' at princeton's woodrow wilson school. fawaz gerges is professor of middle eastern politics at the london school of economics and author of two books on 'jihadism'. >> barbara, a failing state is just how we heard yemen described. what would you call it? >> i would call it a fragile state. yemen is described as the almost always failing state. its economy has always been in a shambles. it's always been resourceful. it's always had ungovernable hinderlands. it's always had a weak central government. one of the miracles of yemen is that it's never failed, but also never quite succeeds, and the issue before us now is not to write it off as a failed or even failing state, but try to see what we can do to keep it from going to the wrong side of the failure curve. >> fawaz gerges, what do you see? what does that say about the potential vacuum of power there? >> i think the situation is extremely volatile and fragile in yemen. i mean, every time i visit yemen i see a deteriorating security situation, a declining social and econom

the rmer princeton economics pressor is expected to be confirmed by t senate for a second four-year termin e near future. but he's also been takg some heat, likehis, from republican senator jim bunnin >> the a.i.g. bailout alone ason enough to send you back to princon. >> reporter: his critics othe right,eft and in between say bernanke did too little fore last year's crash, b used checked powers after crisis set in. and today, vermont indepdent senator rnie sanders-- who has t a hold on bernanke's nomination--ontinued his push to have the chairman repced. >> one okey functions of the fed is to oversesoundness. and alaround him was wild spulation, gambling type taking place. where was ben beanke when this was happening? >> repter: the nation's top banker has takenxtraordinary actions-- usg the fed's power in novel ws to pump trillions of dollars into thfinancial system. last year,mid debate over the wall street bailout,e answered critics who said the gernment should let the csis take its urse. >> why don't we allofree market system to correct ielf? >> my respon is that the pain would be v

it comesrom paul krugman, profesr of economics a princeton unersity and a coluist for the new rk times he wonhe nobel prize for econics last year. anbruce bartlett. he serd as an economic adviser in the reagan administrationnd in the treasury department during the george h.w. bush administration. he's aolumnist for forbes and writes a blog on econoc issues. his late book is "the new erican economy." thank you both for being wh us. paul krugman, toou first. you've been callinon the president for some timto do more to create js. what do you think of his proposals today? >> what i've been saying basically ishow me the ney. concept ally it kind of make sense. it's a bunch of ings that are ideas that i and other people have beendvocating. it iclearly a plan to sort of do jocreation on the eat. theye trying to leverage a limid amount funds to do a disproportiote amount of job creation. okay stuff. how big? if we're talking aut $60 women i don't kn, this is not going do it. if iis $200 billion, we're talkg at least something haway serious . >> woodruff: you're saying a little bit is ok but he

she has just come out with a book with princeton university press, 1989 the struggle to create post-coldr europe. this just received the prize for distinguished scholarship in german and european studies. and she is currently at the american academy in berlin and came over for this event. so thanks for coming all that way. second, to professor's left is professor bruce comings, who is a distinguished service professor in history at the university of chicago. professor cummings is a well known expert in modern korean history, 20th century international history, u.s. -east asian relations, economy, and american foreign relations. author of many books and influential articles. next year yale university press is publishing his book, a dominion from sea to sea, pacific ascendancy and american power. our third panelist is william wol forth, who is professor of government and chair of the department of government at dartmutsdz college. among his books is the most recent one, world out of balance. international relations theory and the challenge of american primesy. he is an influential interloc

princeton new jersey, richard on the democrats' line. you're favorite book to those in line, non-fiction. >> caller: thank you. thank you for c-span. richard dawkins, the greatest show on earth, the evidence for evolution. i'm just amazed people are calling and citing the bible as a nonfiction book. >> host: thanks for your call. he also wrote the god delusion. one of the book that we covered, the invention of error to the quote air early this year and that is stephen johnson's book. here's a look at his comments in the book reading. >> i stumbled across this story about joseph priestley and i had known a little bit about priestly like most people i think i had heard of him as the guy that discovered oxygen for the first time. and for those of you that no story and have had a chance to look at the book while that is his reputation is a little strange because he didn't actually do first and he kind of got it wrong in fundamental ways when he did do it but for some reason that is the line that has kind of stuck with him and that is the fir

i mean, after all, he wasn't at princeton when some of the stuff was going on. he came to washington. he was a memo the federal reserve board under alan greenspan. he worked a while for george bush in the white house as chairman of the council of economic advisers. and i think you really are two very simple answers. one is simply a failure of imagination. a lot of people have likened this to 9/11, and it is a metaphor that makes me uncomfortable because a lot of people died in 9/11 and this hasn't been that kind of event. there were people who said maybe someday some terrorist will seize an airplane, but really the people who defended our country did not think it possible that someone could commandeered three or four airplanes and fly them into the pentagon and the world trade center. this was a similar thing. it simply didn't occur to the people who were responsible for managing the financial system that so much of the financial system could be built on a single premise, that turned out to be wrong. that housing prices across the united states will not fall eve

and he thought, he had what he thought was a pretty good interview with william princeton.but rex lee was also up for that job, and as bill smith, writes in his model is that i know you're familiar with, the late bill smith. he says there was a really close call but he went with rex lee. that was a very big disappoindisappointment. in fact, justice scalia used the word bitter when he talked to me about a. because he came so close and it was a job that he thought was tailor-made for him. >> host: which it was. >> guest: he was quite an advocate. that was a real blow. that came in the spring of 1981. that's with rex lee got the job. then the reagan administration offered him, just a scully, a job on the seventh circuit which was based in chicago. he's living in chicago at the time but he doesn't like chicago, which happens to be my hometown. but he and his wife maureen weber east coast folks and they did not enjoy their time in chicago that much. they were eager to get back to the east coast, especially washington. so here he is, having just lost a chance to be solicitor gene

he is a summa cum laude graduate in economics from princeton and holds a ph.d.in economics from the london school of economics which he intended-- attended as a marshall scholar and the author of numerous books and a member of the institute of medicine of the national academy of sciences. finally is also an avid runner had and has completed several marathons. the current one i think qualifying as one of lead push towards health care reform so join me this morning in welcoming peter orszag. >> thank you susan, thank you alper coke it is a pleasure to be here. i am particularly and thank you for joining us. i want to reserve most of the time for your questions. we stand on the verge of a dramatic accomplishment, not only meeting the moral imperative of the world's leading economic power, dramatically reducing the ranks of its uninsured, not only doing so in a fiscally responsible way, but also putting in place the key tools that will help to lead to the health care system of the future, and biting continuous improvement and an emphasis on quality rather than quant

michael gordin, history and science professor princeton university recounts the soviet union's first atomic test bomb, first lightning that that needed on august 29, 1949. everett books imprints in new jersey hoes the hour-long event. [applause] >> thank you angela, thank you all for coming out this afternoon to hear about "red cloud at dawn" truman, stalin, and the end of the atomic monopoly. red cloud at dawn is in international history of the nuclear intelligence during the atomic monopoly in the want to start by breaking down what that means part of the atomic and monopolies the pig from august 1945 to august 1949 when only the united states had atomic bombs and the power to deliver them upon their enemies. it was the period bounded by explosions. the first explosion that released urge the monopoly is on august 6, 1945 with the destruction of the city of hiroshima. the second explosion takes place in kazakhstan barcode is the first soviet nuclear test in the ninth nuclear explosion on the earth's surface, the only one that happened outside of the american auspices. this book is n

also, something that ended up in your princeton your book was the use it, "hit you hoped to warm a seathe supreme court." >> i did write that. but it was really a joke. it was like saying that my ambition was to be a quarterback in the super bowl or the winning pitcher in the world series. it was a dream that i never thought that i would come close to realizing. >> when did you know that you first had a chance to be on the supreme court? >> i knew i was a possibility. i would not turn it a good chance. . as first call them for an interview with the white house, -- when i was first called down for an interview with the white house, then i kind of new. >> how long was that from the first interview. lead was made public? >> it was a long time -- how long was it from the first interview until they made it public? >> it was a long time. . there are many things about it. to get a feel for the dynamics of the of the nine person group rather than the 83 judge panel on the court of appeals to get a feel for the difference in the pocket. this is entirely discretionary. there are a few where the p

. >> another "i saw of years that ended up in the princeton your book -- the prince in your book -- youhope to warm a seat on the supreme court. >> i did write that but it was really a joke. it was like my ambition was to be a quarterback at the super bowl, or winning pitcher in the world series. it was a dream that i never thought i would come close to realizing. >> when did you first know that you had a chance to being on the court? >> i knew that i was a possibility. i would not permit a good chance. when i was first called down for an interview with the white house, and that was in 2001. after that point, i am sure that they were interviewing many other people. but at least i was among that group. >> how long was it from the first interview until it was made public? >> it was a long time because they interviewed me in 2001 in anticipation of the possibility of any resignation, which did not take place. then i was not interviewed again until 2005. >> it that hard on you, knowing that they are interested? >> yes, in a way it is. i told myself that it was very unlikely that it would ha

the civil war and reconstruction books work read by a princeton professor. he found a few things that were wrong, and i corrected them. it is very good history. there were experts that read the revolutionary -- host: you had not seen that " kop quote before? guest: no. i would like to know specifically how -- and away, i do not want to say i am delighted, but that is what history should be. when we are arguing about politics, -- history is the politics of the past and you cannot expect everyone to see if the same. could the -- kid should be aware of that. -- kids should be aware of that. host: the next call is from memphis, tennessee. caller: i am enjoying it you so much. i am thrilled -- there is hope for the future and looking at someone like you and what you are trying to do. i taught for 50 years. i started out with degrees in english and history, and then i talked and every manageable situation -- public schools, private schools, all levels. i was a substitute teacher in some situations. i raised four children. i am nervous, so excuse me. the point is t

. >> when you are minding your own business at princeton, did you have any second thoughts about comingughter] >> id has been a very interesting experience overall. kenyes once said that economics -- economists said this -- should aspire to be as useful as a dentist. it should not be studied in ivory towers. it should be applied in the ways to help the public and make things better. it is my objective to bring my knowledge, by research on the great depression, on financial markets, and the economy, to do the best i could to bring that to the policy-making arena. and in that respect, i do not regret coming to washington. >> in your academic research, is there anything you have learned in washington that would make your research wrong or right? >> as i mentioned, i study the great depression of the 1930's. the world is certainly much more complicated. financial markets are more complicated. we have major institutions, financial instruments much more complex. the whole structure and nature of our financial markets are different. they're more interconnected, more complex than was the case i

princetons, whether the federal government ought to mandate that everybody buy health insurance. i think i've made myself very clear on that point earlier when i said in the 225 year history of our country, the federal government has never said you have to buy anything. states require you to buy car insurance. states have more power under the 10th amendment. states can do that. that is where they get the power to do it. the question is, is it constitutional for the federal government to require you to buy something you might not want to buy? i got a letter yesterday from somebody in my state that said since 1985, they were self- employed. they said all these years i have decided to sell the insurer. why would you make me buy health insurance? and if i do not buy it, i have to pay $1,500 to the irs every year. and kind of stating that it is unpatriotic, unconstitutional. host: to our listeners on c-span radio, we are joined by senator charles grassley. and the students are asking questions. joe, good morning. caller: good morning, sir. guest: good morning. caller: with all due res

richard is joining us from princeton, west virginia. good morning. on senate reform, is it time?t of the reform we need is to understand that there's a constant attack on lobbyists. lobbyists are a way to communicating to senate and congress people. it is not the lobesbyists that e corrupt. it is the politicians that take their money that are corrupt. thank you. host: next is robert on the democrat line from state college, pennsylvania. caller: good morning. i was reading the article and now i can't find exactly the pa part, but there seems to be, as the article about the senate filibuster, he was talking about an equivalency where both parties are engaged in obstructionism. but he only mentions that the democrats that they filibuster d george w. bush's supreme court nominee. they are for life. you can't impeach them. and if there is ever a time when you should have a super majority for confirmation i think for a supreme court nominee that should be standard. i think it was pretty awful that clarence thomas got in 52-48. you just shouldn't be sliding buy if you are a -- by if you

a fairly [no audio] >> did you ever have any thoughts about coming to washington what you are at princeton? [laughter] >> it has been a very interesting experience overall. [laughter] economics should be -- should aspire to be as useful as dentistry. [laughter] which he meant by that is that economics is not which is subject that should be studied in ivory towers but should be applied in a way to help the broader economy, that the public to make things better. it was my objective to bring my knowledge, my research on the great depression, financial markets, on the economy to bring that to the akko policy-making arena. in that respect, i do not regret coming to washington. >> in your academic research, is there anything you have learned in washington would say -- that would say your research was what reason -- that your research was wrong or right? >> as mentioned, i studied the great depression. the world is much more complicated than in the 1930's. markets are much more complicated. we have a new institutions and markets. the nature of our markets are different. there are more interconnec

duke, princeton, all based on the newport strategy policy model.ould do this -- strong ph.d. academic leader who can help us with faculty. a vibrant series of shares we have in place and we are establishing regional chairs. the faculty tell me it's also the need student body. they know they're not going to have toñr deal with a lot of nonsense from our students. theseÑi are mid career, motivatd students who are going places and coming right off the front lines. there is also a faculty development aspect to this which one of my colleagues alluded to. we're on a trimester system. one of those trimesters, our faculty has the opportunity to go to their own research and to curriculum development. we have a budget of -- i think we have spent over $600,000 on the faculty development over the last couple of years. i am aware of the copyright issue. i think it is a question of good policy. we have to watch that carefully. i think we are ok on that. the fact that we just recently what to .edu on the web tries to dispel what is going on and turn a light on th

he also holds a master in public affairs from princeton's woodrow wilson school of public internationalffairs and two bachelor degrees. one in material engineering and another in philosophy from rutgers university. without further ado, ladies and gentlemen welcome the professor. [applause] >> thank you very much and thanks to the global energy and environment initiative at johns hopkins school of advanced international studies for hosting us today for the presentation of the annual energy outlook 2010. it was a very kind introduction. one thing i want to say -- to begin with, what i'll be presenting today is the annual energy outlook reference case, which is going to be one of many alternative cases that the energy information administration will be producing and releasing in march of 2010 when it releases the full energy outlook so we will be giving the reference case today. but that will be supplemented by many cases reflecting some of the key different scenarios and uncertainties that we do in doing u.s. energy protections looking out several decades into the future. before i get int

archibald wheeler was one of the great physicist of our time, hence the physics department of princetonrsity of texas -- i was sitting in a restaurant in denver, a japanese restaurant outside it. studying edwin taylor;''s physis book. reading with great intensity. eating might sushi and seaweed or whatever. i was just very conscience that there was a presence standing next to me. i looked up. and there is this handsome, tall, from sweden, and he said, that book. where did you get that book? i said i am working with the author. he said, you are working with the author? can i sit down? he said that with me. he had a girlfriend of in the distance it standing there. i have total attention. he read that book in sweden and said, that is the greatest text book i ever read. we talked about it. a few days later, i was with a friend of mine and i told her this and she said, where did you get that book? all my life i've been looking for a book that would attract men. i said, whatever. it is a great book. in the text -- which appreciate textbook riders. this is not for high school students. it is d

. >> when you are minding your own business at princeton, did you have any second thoughts about coming to washington? [laughter] [laughter] >> id has been a very interesting experience overall. kenyes once said that economics -- economists said this -- should aspire to be as useful as a dentist. it should not be studied in ivory towers. it should be applied in the ways to help the public and make things better. it is my objective to bring my knowledge, by research on the great depression, on financial markets, and the economy, to do the best i could to bring that to the policy-making arena. and in that respect, i do not regret coming to washington. >> in your academic research, is there anything you have learned in washington that would make your research wrong or right? >> as i mentioned, i study the great depression of the 1930's. the world is certainly much more complicated. financial markets are more complicated. we have major institutions, financial instruments much more complex. the whole structure and nature of our financial markets are different. they're more interconnected, mo

my time, but this is very important -- the aig bailout alone is reason enough to send you back to princeton. first, you told us aig and its creditors had to be bailed out because they pose a systemic risk, largely because of the credit default swap portfolio. those credit default swaps, by the way, are over-the-counter derivatives that the fed did not want regulated. well, according to the t.a.r.p. inspector general, it turns out the fed was not concerned about the financial conditions of the credit default swap partners when you decided to pay them off at par, not at a discount, but at 100%. in fact, the inspector general makes it clear that no serious efforts were made to get the partners to take haircuts, and one bank offered to take a haircut and you declined it. i can only think of two possible reasons you would not make then new york president fed geithner try to save the taxpayers some money by seriously negotiating or at least taking up ubs on their offer of a haircut. sadly, those two reasons are incompetence or a desire to secretly funnel more money to a select few firms, notably

this is by our, by award-winning, the noble award-winning economist paug -- paul krugman at princeton university. he talks about this issue of fiscal responsibility and the impact of health care reform on the deficit and talks about how some senators seem to believe that they have concerns about going ahead with this health care reform bill because of what it might cost. he makes the point, he says "if they are really concerned with fiscal responsibility, they should not be worried about what would happen if health reform passes. they should instead be worried about what would happen if it does not pass. for america can't get control of its budget without controlling health care costs. and this is our last best chance to deal with these costs in a rational way." mr. president, i'd ask that his full column from "the new york times" this morning be included in the record following my remarks. the presiding officer: without objection. mr. bingaman: as as this chart demonstrates, the one here on my left, according to the congressional budget office, if we don't act -- if we don't act to d

as far as -- i originally hail from princeton, new jersey but i live in virginia and i took every clasp a.u. takes on campaignses and elections and the most recent one was rob engel's voting class in which he instructed me to take this class if i wanted to live. and i consider myself a very he closed-minded independent. and when i -- i currently work for an organization called upt strategies based out of new jersey that have campaign managers for hire which i do speechwriters. >> rob engel was the first instructors of cmi and he knows this class very well. [laughter] >> i'm colin. i'm from massachusetts. i'm a republican. not a lot of campaign experience. i took elections and voting behavior with you and i took a lot of one-credits and i'm really interested in this one. >> i'm alyssa. i'm from des moines, iowa. i'm a first year graduate students in applied politics and i'm taking this course for its reputation and it was very interesting to me. and i interned on the kerry for president campaign in iowa as assistant to the volunteer coordinator. >> i'm an r. i am from florida. and this s

she has just come out with a book with princeton university press, 1989 the struggle to create post-coldhis just received the prize for distinguished scholarship in german and european studies. and she is currently at the american academy in berlin and came over for this event. so thanks for coming all that way. second, to professor's left is professor bruce comings, who is a distinguished service professor in history at the university of chicago. professor cummings is a well known expert in modern korean history, 20th century international history, u.s. -east asian relations, economy, and american foreign relations. author of many books and influential articles. next year yale university press is publishing his book, a dominion from sea to sea, pacific ascendancy and american power. our third panelist is william wol forth, who is professor of government and chair of the department of government at dartmutsdz college. among his books is the most recent one, world out of balance. international relations theory and the challenge of american primesy. he is an influential interlock lar in a

he has served in academia, on the faculty of princeton. everybody knows him as the former ceo. has every advisory committee in the world that he has been on. so, mr. augustine, with that pedigree, we are honored you are here. >> mr. chairman, thank you very much. senator hutchison, senator vitter, members of the committee -- i appreciate this chance to appear on behalf of our committee and describe our results. i will submit for the record my prepared statement in briefly summarize it now. you provided the proper opening, and that is that the human space flights program in america is at a tipping point right now. probably more so than at any time when president kennedy to the leadership to say that we should have such a program. before it began, i would like to acknowledge the enormous effort and dedication of the members of the committee i have had the privilege of serving with. i have rarely worked with people who put in the hours and effort this group has. i would like to take note of the fact that the support we received from nasa was extraordinary. extremely competent peop

my time, but this is very important -- the aig bailout alone is reason enough to send you back to princeton first, you told us aig and its creditors had to be bailed out because they pose a systemic risk, largely because of the credit default swap portfolio. those credit default swaps, by the way, are over-the-counter derivatives that the fed did not want regulated. well, according to the t.a.r.p. inspector general, it turns out the fed was not concerned about the financial conditions of the credit default swap partners when you decided to pay them off at par, not at a discount, but at 100%. in fact, the inspector general makes it clear that no serious efforts were made to get the partners to take haircuts, and one bank offered to take a haircut and you declined it. i can only think of two possible reasons you would not make then new york president fed geithner try to save the taxpayers some money by seriously negotiating or at least taking up ubs on their offer of a haircut. sadly, those two reasons are incompetence or a desire to secretly funnel more money to a select few firms, notably g

bush, said a professor at princeton university. bow bridge, louisiana. mark warner democrat line. good morning. >> caller: good morning. i think the president is actually doing a good job. this christmas eve, not master, but tragedy on the plane, it tells you the white house has a grip on al qaeda operatives trying to set up sales in yemen. also, not to throw the cia completely under the bus, there was an interesting comment this morning. howw3 many pots has the cia stopped in the last few years that we don't know about. also, looking at the way this guy tried to blow up the plane, sewing up his underwear, that shows you that al qaeda have to come up with different types of, how can i say that, technology to try to get through our airports. goes what they were doing before is not working. playing politics with this is very outlandish. republicans, there should be a bipartisan issue, not a partisan issue. janet napolitano, i think what happened with her was i didn't misunderstood what she was saying. she was speaking from what happened after this one wrong. >> host: again, homeland

[laughter] i wish paul krugman would go back to princeton.sh all the economists that have set up blogs would unplug their computers. [laughter] but, unfortunately, this isn't going to happen. and i think there are two effects, i think. one is and is that the the rewards to run of the mill journalists in terms of salary and income are simply going to go down because there are a lot of people -- i mean, the stars and the people who can basically say i draw this kind of audience will be well rewarded and perhaps even better rewarded than they used to be. but the run of the mill people are basically competing with lots of folks out there who are offering up their opinions either for free or at a reduced rate. and a reduced rate meaning somebody else is really paying their mortgages and they're paying their food bills or whatever, and they're -- whatever real economic reward they're getting, most of what they're getting is psychological. so is that's one effect. but i would say the second effect is -- and i agree with alan -- it's unfortunate in s

as far as -- i originally hail from princeton, new jersey but i live in virginia and i took every clasps and elections and the most recent one was rob engel's voting class in which he instructed me to take this class if i wanted to live. and i consider myself a very he closed-minded independent. and when i -- i currently work for an organization called upt strategies based out of new jersey that have campaign managers for hire which i do speechwriters. >> rob engel was the first instructors of cmi and he knows this class very well. [laughter] >> i'm colin. i'm from massachusetts. i'm a republican. not a lot of campaign experience. i took elections and voting behavior with you and i took a lot of one-credits and i'm really interested in this one. >> i'm alyssa. i'm from des moines, iowa. i'm a first year graduate students in applied politics and i'm taking this course for its reputation and it was very interesting to me. and i interned on the kerry for president campaign in iowa as assistant to the volunteer coordinator. >> i'm an r. i am from florida. and this sounds very he fun. >> my