today, i'm a trustee for the advanced study in princeton, he was a first member in 1933. as they did in his day, leading scholars from all over the world make up a small permanent faculty, free of all teaching duties to focus on research, writing, and mentoring the large number of younger members who spend anywhere from one term to several years there. the institute's board is probably the most intellectually exclusive collection of trustees in the world. some of its members are billionaires and, by the way, eric schmidt are two of them. they have ability to oversee and nurture the institute as a place where some of the world's greatest minds can operate in a serene, comfortable environment, up hindered by distractions. the tie that binds is in my mind whenever i sit with fellow trustees in the glad walled board room overlooking a picture popped and woods beyond around which several generations of geniuses strolled. i find myself conjuring up my father's astonished ghost, seeing his daughter sitting in the governing body of the institution he helped to found, the place wh

so we also want to go back to her name over the weekend at princeton we got a collection of some one liners one but here's one that ended. this was the end of the speech i think. and here is how he ended it no to journalist this is not a joke from princeton expires in two thousand and five he says completely mocking well this is a look this is i don't know if he was mocking his position i think you know if he's if he's going to give a speech to princeton graduates and he was a former professor there he should be able to throw some jabs at himself and the university there but he had some other thing to say too right that was an official federal reserve document on the federal reserve's website you know if you read the form see transcripts you can peppered with these little laughter statements these guys do a lot of chuckling behind closed doors so it's i say it's par for the course i'm sure that's not all they're doing. well we can obama wanting i'm a show here yes lots of laughter. and i think we also had something in reference to the student loan industry right we got a clip from th

and i got into princeton and i remember thinking wow, this is a huge opportunity for me, princeton. and worrying because i was younger and didn't have this kind of perspective yet, worrying thinking how, i hope that i can juggle these jobs, and still get the most out of my education. and of course what turned out to happen is that the jobs and the juggling were half of the i had case i got, right. >> yes, yes, yes. >> was it a setback, no, it was an opportunity. >> like the story. >> exactly. >> there is also this, jeff has been your first read. >> yes but you would not allow him to read this until what point? >> really late. so he was a good support about it. with my first book i noticed something about the creative process for me which is that the more i talked about the book, the more energy it would take away from my excitement about writing the story. and i wanted this time around to save that first telling excitement for the book. and it would also create kind of an incentive for me. because the truth is, i didn't tell him anything about not the plot, not who the characters we

it was to a professor at princeton. he had moved to wales from princeton. is a professor of archaeology. they were a couple years apart from each other. his name was thomas hobson. she made a point of saying that she and the president had very little in common. he found boring what she found interesting. it is different with the second husband. they had a lot of interests in common -- they had a lot to share interest. interest in traveling. they had much better relationship. >> how public was mrs. cleveland's life after grover cleveland's death? >> she had to manage the press. it waned over time. she was active during world war i. she was active with an organization which made him made garments that they gave to nonprofits for giving out in emergency situations. you could still read these items about her. the obsession was nowhere near to what it was during the white house years. >> she continued to be against women's suffrage. >> she was the vice president of the league of anti-suffrage from 1913 on tell women got the right to vote. >> what was the public'

bernanke delivering a commenceme commencement speech to princeton undergrads.read your answers after the break. [ male announcer ] ok, here's the way the system works. let's say you pay your guy around 2% to manage your money. that's not much you think. except it's 2% every year. does that make a difference? search "cost of financial advisors" ouch. over time it really adds up. then go to e-trade and find out how much our advice costs. spoiler alert: it's low. really? yes, really. e-trade offers investment advice and guidance from dedicated, professional financial consultants. it's guidance on your terms, not ours. that's how our system works. e-trade. less for us. more for you. i work for 47 different companies. well, technically i work for one. that company, the united states postal service® works for thousands of home businesses. because at usps.com® you can pay, print and have your packages picked up for free. i can even drop off free boxes. i wear a lot of hats. well, technically i wear one. the u.s. postal service®, no business too small. >>> yelp, shares

grads over the weekend that would be chairman ben bernanke he was a princeton professor himself other pearls if your uniform isn't dirty you haven't been in the game well after four and a half years of near zero interest rate policy. branding were afraid to see just how dirty the chairman's uniform in this point but don't worry i've heard channeling poet robert burns and the chairman close and true truman ask fashion give him hell and that's about what we can expect when the fed tapers away the punchbowl i'll be talking about the fed and gold with peter schiff in a bed and prime interest producer justin underhill will present a chart to explain just exactly what the fed has been doing. q e. and in the u.s. the big banks have had to submit to living the wills to regulators this is basically a blueprint for their wind down should they become insolvent or maybe i should say more insolvent but the central banks of central banks which is the bank for international settlements just came out with its own plan for how to deal with too big to fail it's simple they say it's not the creditors an

. >>> a bomb threat happening on princeton university in new jersey. according to authorities, this threat was made against unspecified buildings on the campus. the university has posted an alert on its website calling for all people on campus to evacuate. we stale on top of this story. princeton campus evacuated due to a bomb threat. >>> allegations that security attached to then secretary of state hillary clinton and at least one ambassador engaged in disturbing sexual misconduct and attempts were made to sweep it under the rug. >>> also ahead remember that tv ad that caused an interracial firestorm online? >> mom? >> yes, honey. >> dad told me that cheerios is good for your heart. is that true? >> the little girl there grace who stars in the commercial is going to join me along with her real life biracial parents and we will talk to them about the controversy over that ad coming up. together to play, stay active, and enjoy the outdoors. and for the last four summers, coca-cola has asked america to choose its favorite park through our coca-cola parks

. >> happening now in new jersey, princeton university is under evacuation after someone called in aomb net to several buildings. right now the university is telling all students and most employees to leave and not return to the campus until further notice. princeton says local state and federal law enforcement agencies are investigating the unspecified threat and they are going to each and every building. some summer sessions are in progress. >> international hunt is on to find the man would admits to leaking top secret documents about the u.s. government phone and internet surveillance programs. there is a growing number of people who say snowden should be praised, not jailed. abc7 news reporter cornell bernard has more. >> is he a patriot or a traitor? many have opinions about snowden but the u.s. government called him a threat and is preparing to file criminal charges against the whistleblower but they have to find him first. >> high is one of the most wanted men in the world and has haired more government secrets. >> we will have a lot more significant revelations that have not

. >> princeton jackson knows very well the person in the picture, the woman with the beautiful smile. >> my mamma. >> his grandparents. >> at only 18 months old shows far too young to know what happened to her. his mother lost control of her cries while driving on june 8th. after the crash she for no reason wandered on to the interstate where she was hit and killed by at least two vehicles. no one stopped to help and no one has taken responsibility. >> sometimes we don't know. we have no answers, you know. we just have questions. >> now princeton's surrogate parents say find the drivers that prevented them from saying good-bye to their daughter. >> not being able to tell her how much i truly, truly loved her. >> and to raise their grandson. >> this little guy now has become our world. and we are going to make sure that his memory of his mother, you know, lives on forever. >> i'm sad. looks just like her so it's a reminder. >> but there is no words that echoes through this word, reminding them of the loss and their inspiration. >>> family members tell us they may have one witness accou

honors in catholic high school led to a scholarship to princeton.d to law at yale, and then straight to new york as a prosecutor. the pay was lousy, the hours inhuman. she was smoking three and a half packs a day, listening to victims, sending thieves and killers to prison and learning something about people. >> sotomayor: they can be evil. i don't know that, before i came to the d.a.'s office, that i understood that there were some people who were that bad. it's one of the reasons i left the d.a.'s office, because that lesson made me realize that if i stayed in the practice of criminal law, i might lose some of my optimism about human nature. >> pelley: are some people beyond redemption? >> sotomayor: people do some very bad things that are still human beings with some redeeming qualities. they can do some horrible things, but they're still valuable human beings in other ways. but yes, i do believe there are some people who are evil and perhaps can't be redeemed. >> pelley: after four years with the d.a. and the end of her marriage to her high scho

this event was held at the institute for advanced study in princeton, new jersey, where oppenheimer was director from 1947 to 966. >> thank you, robert, and thank you all for coming. i was delighted to get the invitation from robert to come here, dloighted and honor -- delighted and honored. there can surely be no more appropriate place to give a talk on oppenheimer to mark the publication of my book than this institution. i'm very pleased to be here. i'm not a physicist. as robert made clear, my background is in philosophy, and i wrote biographies, so maybe i should start by saying how did i get to write a biography of oppenheimer, why did it even occur to me to do that? it began about 12 years ago when i was asked by the observer newspaper to review a collection of his correspondence, and up until that point i knew about oppenheimer only what everybody knows about oppenheimer, that he directed the los alamos laboratory, that he had his security clearance taken away from him, that he was director of the institute at princeton. that's really all i knew. i didn't know that he wrote poetr

grads over the weekend that would be chairman ben bernanke he was a princeton professor himself other pearls if you uniform isn't dirty you haven't been in the game well after four and a half years of near zero interest rate policy. branding we're afraid to see just how dirty the chairman's uniform and but this point but don't worry i've been channeling poet robert burns and forrest gump the chairman close and true truman ask fashion give him hell and that's about what we can expect when the fed tapers away the punchbowl i'll be talking about the fed and gold with peter schiff in a bed and prime interest producer justin underhill will present a chart to explain just exactly what the fed has been doing. q e. and in the u.s. the big banks have had to submit a living a wills to regulators this is basically a blueprint for their wind down should they become insolvent or maybe i should say more insolvent but the central bank.

. >>> a bomb threat has led to the evacuation of the campus at princeton university. the students apparently there were warned on the university's website. you can see the page up on your screen right now. they have been asked to stay off campus up they're told otherwise. we're following this developing story. we'll bring you more information as we get it. but again, a bomb threat to multiple unspecified campus buildings apparently called in at princeton krufuniversity. also an update on nelson mandela. he is still in serious condition but stabilized. he's if a hospital in pretoria. he was rush there had with a lung infection. his daughter, ambassador to argentina, flew back to be with her father. >>> president obama urging congress to act on an immigration reform proposal finally hitting the senate. today's vote is expected on open up the debate, but where the bill goes from there is really still up in the air. president obama has said it is up to lawmakers now. >> if we genuinely believe we need to fix our broken immigration system, there is no good reason to stand

that is the latest from princeton. get more information we will update you. >> also updating the latest on a fire thatpenethis morning around 230 in seven says those bay view district. here's a picture we just got in from a neighbor, you can see how high the flames were. jackie sissel is live on the scene. >> you can see some of the damage caused by that to alarm fire to more than two buildings. it forced a people out there among and injured when san francisco firefighter. the fire actually started over here, this is an abandoned house. there is a carport attached to it and that is where they say the fire started around 230 this morning. the fire department officials got here are around 230 and, the carport and part of the house was fully engulfed in flames. the house next door was occupied by eight people, including one child. all those people were able to get out with out injuries. as far as the abandoned building, according to firefighters they say there was lots of stuff inside of that house. they do not know if it

grads over the weekend that would be chairman ben bernanke he was a princeton professor himself other pearls if you uniform isn't dirty you haven't been in the game well after four and a half years of near zero interest rate policy a mighty branding were afraid to see just how dirty the chairman's uniform is that this point but don't worry i've heard channeling poet robert burns and the chairman close and true truman ask fashion give him hell.

just ask those at the commencement address at princeton.ns once said something about the best laid plans of mice an men laying a glay. whatever a glay mean, a for contemporary philosopher for rest gump said something similar about a box of chocolates, you never know who you are going to get. look at me, i was teaching 101 in alexander hall and thinking of god excuses for avoiding faculty meetings. then i got a phone call. >> you know who that phone call was from, it wasn't from alison kosic. >> reporter: hey, look, he was funny, he may not be ready for stoond-up. the chairman of the feds is a funny guy. >> only you would think he is funny. >> reporter: of course, i do. after the stuff we had to listen to at those fed meeting, this stuff is hillary young, carol, compared to that. he did have great advice for the graduates of princeton university in this speech. he used to teach there. after congratulating the students, he gave credit to the parent talking about how tough it is to put your child through college these days. listen to this. >>

alan krueger back to princeton. let's talk about this u.s.dit picture because we've got an upgrade today. this is brighter, at least according to standard & poor's. what could it mean for your money? we'll have that next. adam: first here is how the money is moving right now, at least the dollar against other currencies. medical >> 90 minutes until the close, annie coal -- and, nicole, we're down ten and were more when the president was speaking, though. >> we had volatility, recently, unlike over the last week and a half or so, more volatile, swings of the hundred points, triple digits, the ups, the downs, and now, back and forth, mixed market, but none of the thee averages move more than one tenl of 1%. right now, down 12 points. taking a breather after what was a very big friday. facebook, a name we follow so closely, the $38ipo last may, now it's in the $24.27, up over four and a quarrer percent on an upgrade with the price target of $29, and jpmorgan upgrated, but think the shares bottomed and bad news is factored in and ignored the near

>> no. >> no, but i was liberal. >> he was liberal. >> it was princeton, we all were. >> the hair waswas it? >> yes. [laughter] >> well, now, we're getting into dangerous territory. gentlemen, thank you very much indeed. that was reasonably civilized. dow's down 228 points. we're on top of that one for you. next, he's a common sense kind of guy. his name is dr. ben carson. he's causing quite a stir in the political arena. he's next. he's the first person we thought of when someone said this -- >> you need to start doing assembling a list of people who can be the next generation of leaders opposed to saying we're three and a half years from the next election, assemble a list of five people and pick the winner. >> add one name to the list, and that would be dr. ben carson. i turned 65 last week. the mathf retirement is different today. money has to last longer. i don't want to pour over pie chas all day. i want to travel, and i want thencome to do it. ishares incomes etfs. low cost and diversified. find out why nine out of ten large professional investors choose ishares for their etfs.

visit vwdealer.com today. >>> developing news from the princeton university in new jersey. because of several bomb threats on the campus. all students, employees have been sent home. they've been told not to come back for any reason unless they hear otherwise. princeton's spring semester wrapped up in may but the school has been offering summer courses. rough of the classes had no students enrolled, according to the university's website. we'll keep an eye on what's happening. we'll bring you details. >>> we're also following breaking news right here at home from santa clara. police confirming one person has died in an industrial accident at the 49ers' new stadium site. ktvu's katie utehs -- you just got there. so what have you been able to figure out? >> reporter: well, dave, we have seen that construction workers are being sent home for the day. i will step out of the way. you can see the scene. we're still working on the details. this accident happened somewhere between 6:40, 7:00 a.m.-ish this morning. a construction worker killed on scene. we're working to find out if t

liz: the princeton professor is to live here from certain sources. liz: why?perienced, an economist, a great record. that is who i hear about. you are saying that you think that tim geithner is not done with the public arena. >> willing him to black rock. does he go back to the fed? think if i am palin to make a lot of money. but being the chairman of the federal reserve, if i was chairman of the fed. liz: i would rather not. timothy geithner has only ever worked in the public sector. liz: a brief time with kissinger associates. the new york fed chairman. i mean, listen, if you think about it on paper, i don't know if he is a classically trained economist. he took economics a dartmouth and as the economy pretty well, but if ou hit it on paper is of the choice. he got all those things. he knows the market. the fed is basically controlling the markets are now. the market's torrid it was somebodyycoming in there as correct things up, rolling the dice, not tapering back qb three but may be cutting back dramatically. this is not a bad guy. he does have confidence i

he let loose delivering princeton's commencement speech. >> really? >> it was pretty funny.st by central banking standards. it was funny. ben bernanke usually serious, offering grads ten suggestions for life. his first life lesson, don't be afraid to let the drama play out. he starts quoting poet robert burns but changes gears, going for someone a little more modern. >> a more contemporary philosopher, forrest gump, said something similar about life and boxes of chocolate and not knowing what you're going to get. they were both right. look what happened to me. a dozen years ago, i was minding my own business teaching economics 101 in alexander hall and thinking of good excuses for avoiding faculty meetings. then i got a phone call. >> of course, that phone call was from washington in the middle of the financial crisis. bernanke also advised -- actually, just before the financial crisis -- he also advised the graduates to remember who paid their tuition. >> he's freaking hilarious, you're right. >> a lot of funny stuff. well, for a central banker, pretty funny. >>> all right,

i was born in princeton, my childhood in asian and we grew up in hawaii which was a huge melting pot and i went to school in new york and southeast to atlanta and then here in san francisco. it's here in san francisco that i really feel that i found myself as an asian american and that's where i own my asian heritage. we have such a dynamic vibrant community, a confident one and that along with the acceptions and the support of the bay area community. it's been a wonderful, this is where i have spent most of my life so it's really wonderful to be honored in city hall in san francisco. i have had a great career and met really outstanding interns like kate, she was a stand out. but i also found this incredible mixed chapter where i can do work to help the asian community. as to why the asian pacific fund exist because say tiny percent of charitable dollars goes towards asian needs in the bay area and the needs are vast and deep and on going. there is extreme poverty, there is barriers to finishing high school, there is a lack of access to health care, chronic health problems and pretty

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. >>> what would make these three teenage boys blow off princeton, m.i.t. and harvard? is in this parking lot, when we come back. [ male announcer ] snap out of your snack routine with delicious pringles stix. ♪ ♪ everything pops with pringles stix. [ crunch ] >>> for many of us, our cars are deeply personal. we really don't want anyone else using them. well, you're about to meet three teenage boys who are betting their futures on the notion that you will rent your car to someone else. so, what's in it for you? here's chris connelly with three self-professed geeks and their great idea. >> reporter: whip smart, forward-thinking teens, primed for the prestigious colleges that accepted them. they are among the finest minds of their generation. >> i think we've always sort of been geared to the mindset that we want to do something extra. >> reporter: 18-year-old rujul zaparde is a classics scholar who got into harvard. 19-year-old kevin petrovich is an acclaimed pianist who picked princeton. shry ganesh-ram, 19, didn't even graduate high school before heading off to m.i.t.

inquire about the at that time us of my leave from the university and the letter said, regret ably princeton receives more qualified applications than we can accommodate. >> so far, he has given no hint of whether he may accept another term or head back to academics. >> thises the first time we have had a peek that he is looking ahead. it had a lot of funny moments, and he wrapped it up and said, be sure to call your mom and dad, because they paid your tuition. >> thank you, for being with us. and good night everyone, we hope to see you back here tomorrow evening. >> "nightly business report" has been brought to you by thestreet.com, interactive multiple media tools for an ever changes financial world. our stock adviser guides and helps to generate during low interest rates and educate seasoned and beginning traders, action alerts and a charitable truflt portfolio that provides trade by trade strategies. online, mobile, social media. we are thestreet.com. >> ♪ this land is your land ♪ this land is my land >> announcer: coming up next, "woody guthrie at 100" live at the kennedy center in wash

federal reserve chairman ben bernanke speaking to graduates at princeton university sunday, telling them economics is good at explaining why choices made in the past were wrong. but he said, quote, about the future, not so much. >>> apple goes to trial today over allegations by federal and state authorities that it conspired with publishers to raise the price of e-books to break amazon.com's hold on pricing. >>> and the better life index report is out. switzerland taking the top spot for residents most satisfied with their lives. norway was in second place. iceland, number three, the united states dropping three spots from last year and is ranked number 14. all of those are nice places. >>> just ahead, sports including a minor league tango at home plate. we'll tell you who won out. >>> who is that powerball winner? now to the latest in sports. a lot of talk around this news conference. roy hibbert using a gay slur and profanity less than 24 hours after the nba fined hibbert $7500. hibbert issued an apology yesterday. and then tweeted this to openly gay player jason collins. quote, would

and they believe that the princeton speech was a benign, non-tightening signal by quoting forrest gumpnd the fabled chocolate box, you don't know what you're going to get. others are addicted to fed watching, viewed it as code for you never know when he's going to stop tapering or start it. but it's entirely possible that the guy merely meant what he said. doesn't matter. other tapering fanatics deep in here, deep in the camp, what are they saying? they might have thought that bernanke was referring to godiva chocolates which is code for the rich are doing fine so the fed must keep pumping money in the system to stop the stock market and economy from collapsing. what can i say? people are so afraid of tapering they hang on every fed word. looking for a clue. even as they're totally clueless. then there is the second camp, the one that says let's find something to buy, they're the seekers. they're saying, let's get on with it. let's have a real economy where the business starts to do better and we can buy the companies that do well rather than those that look a lot like bonds. this is a

i've had and the education that i've received, it exceeds anything can you get from a harvard or a princetonacle. ♪ we traveled, my wife and i, with six children, 40 hours to south africa to here, stopping four times. no disposable diapers, etc., and things that are happening today, so it was a very different world. do your exercises. many players in america couldn't play worth a damn outside america. i wanted to win everywhere in the world, because that's the ultimate test to see if you can get off a plane and beat people in their home country. >> gary, a versatile golfer, has won tournaments all over the world under all sorts of conditions. >> i've probably traveled more miles than any human being that's ever lived. the thing that i've learned is to have respectfor people's opinions, religions, their cultures, their ideas, their education, their food, whatever it may be. i believe it was a gift. it was a loan. it was a loan from god. ♪ >> i always knew i was the fittest. and that was a great comforting thought. when i first came to this great country, the united states, i'd lr started exer

she is summa cum laude from princeton. she is here with her first collection, "fighting for progress in the age of obama." i do not always agree with her personally when it comes to politics. we are here to find out from katrina how we're going to save the world with barack obama. let's start there. [laughter] >> i do not know how you learned by worked at national lampoon. saving the world. let me begin by saying how low they must be to go that low in new orleans. i would not put in the same sentence president obama and saving the world. it is very much about movements and the power in our history to bring about a fundamental change. you do need people inside, political leaders inside. it captures the imagination of the nation. through the turbulent history, it has been movement and the power of movements. franklin roosevelt was moved by later movements. lyndon johnson had the civil rights movement. i think we begin with that. this book comes out at a moment when the country sees the power and possibility of occupy, 99%, a

eddie glove chair of the center of african-american studies at princeton university., thank you for being here. there's been so much tack over the last year or two that the black church is dead. dr. guard you started the conversation because you wrote a piece called "the black church is dead" is that true? >> i think we need to understand the church as a dynamic institution. that the phrase "the black church is really a myth" that there's always been black churches that differentiated lit your jik landscape. humans after all, progressive, forward. it has to be the center so we can understand exactly what black religious folk are doing. in these political landscape we need to start the conversation. >> i started the conversation. >> i have a slightly different take having been away from the church for a number of years and then returning to the church. i found that the church certainly was not the church of my youth. there were all kinds of models when i returned to the church that i think have responded very well to critiques like dr. glove raised, critiques like the