the 20th centure prudential insurance company of america presents the 20th centur prudential insuranceca presents the 20th century. >> this is marine lieutenant colonial john h. glenn jr. who within a few days will be the first american to fly in orbit around the world. >> we're embarking in a completely new field here, space science. and i'm happy and proud i can maybe contribute a little bit in my own way in this new field. >> john glenn came along next and flew the first orbital flight for an american. to us, that was a huge deal because now we had an american hero who could at least stand up to yuri gagarin. >> godspeed, john glenn. three, two, one. >> this is mercury control. "friendship 7" spacecraft is now committed to its third orbit. >> looks good. we'll see you back. >> all right, boy. >> shortly before he's supposed to re-enter the atmosphere, the word comes that there is a possibility that glenn's heat shield has detached from the base of the capsule. >> go ahead, spaceflight, go ahead. >> we have decided to re-enter with the tank on. >> this is "friendship 7." what is the

>> if you go back to the summer of this year, they introduced macro prudential holocene. it sounds newfangled -- and macro prudential policy. it sounds newfangled but it is an old idea. it --ice whaler they call in venezuela they collect presidential -- the first piece of macro prudential policy, if you are a first time buyer there is a quota on loans. -- if youis is you pretend -- intend to micro mortgage make sure you do it in the first part of the year. country's large sovereigns will default. i'm sure at some point they will, but maybe that is the last page of the book. where are we? >> let's do this and household economic terms. 100% of yourard is salary, what is the impact? you will default. i have to bring this point in, if i had a money printer in my house, i won't default. england ise bank of ready so why would they default? >> let's define what we mean by default, when you default your creditors lose purchasing power. when iceland defaults on their debt and greece, the creditors lost purchasing power. march 2009, in the .5% and 300 billion pounds. if you left yo

prudential. problem for 125 years. prudential. bring your challenges. >>> international diplomacy is not always diplomatic. >> ahead, how one summit meeting could have so many awkward moments. >> the news is next on "cbs this morning." stay tuned for your local news. but the stainmaster petprotect carpet and cushion system helps prevent pet stains, reduce pet odor and easily release pet hair. so get petprotect and let your pets be pets. i love bacon so much,his sub. i'm launching a line of bacon jewelry. aw, i've seen those online, but-have you ever seen bacon brows? what was that? i was just putting the finishing touches on my bacondor. everyone loves bacon at subway. try it on a bacon egg & cheese. subway. eat fresh. you could be at the corner of "i'm throwing away money" and "i had no idea." well, walgreens has your back. our expert pharmacists make it easy for you to save on your prescriptions. so you can keep your money where it belongs. swing by walgreens... ...where you could save even mor

. >> corporate funding for "washington week" is provided by -- prudential. additional funding is provided by the annenberg foundation. provided by the gruber family foundation. the dick goldenson fund. and by the members of kqed. >> they face combat in iraq and afghanistan, and come home to find other battles. >> i would try to blend in with the other homeless people. >> someone should never sign up to defend their country and have to experience a sexual assault. >> plus, a community college program that helps veterans transition to civilian life. >> every place should have something like this. >> the stories of california veterans on "life after war." >> hello and welcome, i'm scott shafer. th

. >> corporate funding for "washington week" is provided by -- prudential. additional funding is provided by the annenberg foundation. >> philadelphia, pennsylvania, is the biggest influence. there is something about the mood here. insanity, corruption, it was so beautiful to me. city now. of a normal it was not so much one when i was here. >> exceptional work across the country has been done addressing mental health issues. and it is not the standard of thinking.

. >> additional funding is rovided by prudential. additional funding is provided by the annenburg foundation,by the corporation for public broadcasting and by contributions to your pbs station from viewers like yo want to make it my mission to go around the world explained this beautiful art form. >> i spoke at the opening of the 2014 show. there were so many lines of andection between that show 1821, for my book ends area not only was there a group of strike to express themselves, they did it in a city that was inspirational.

. >> additional corporate funding for "washington week" is provided by prudential. additional funding is provided by the annenberg foundation, the corporation for public broadcasting, and by contributions to pbs stations from viewers like you. thank you. >>> next on kqed "newsroom" -- dynasty on display. the bay area celebrates another world series win for the unstoppable san francisco giants. and down to the finish line, what's at stake in next week's election? will california be the first to have drug testing for doctors? will berkley be the first in the nation to tax soda? plus, competitive races, including a state assembly seat representing san francisco. >> david and other people in city hall have rolled out the corporate red carpet for people like air b & b. companies like google so every low-income kid -- >> let's not monopolize. ♪

. >> additional corporate funding for "washington week" is provided by prudential. additional funding is provided by the annenberg foundation, the corporation for public broadcasting, and by contributions to pbs stations from viewers like you. thank you. . >>> next on kqed news room, the bay area's biggest city elects a new mayor. sam liccardo shares his vision for san jose. >> we're going to make san jose the most innovative city in the country, and in fact, the world. >> police technology surveillance, how should they be used, and who sets the rules? >> plus, behind the tattoos of war veterans. >> you know, in addition to thinking of -- thanking a veteran, ask them the story, nine times out of ten they will have a remarkable story to tell you.

. >> additional corporate funding for "washington week" is provided by prudential. additional funding is provided by the annenberg foundation, the corporation for public broadcasting, and by contributions to pbs stations from viewers like you. thank you. >> every kind of bathing suit and every kind of store had big sunglasses. celebrities came there. they just hang out on the beach. the way they are interacting with each other and who they are, that stood out to me in so many of those pictures. >> when i came, i was camping. a lot of swimming and boating and canoeing. it definitely comes out on this show. when my family come, they don't think that much of it. my dad

. >> additional funding is rovided by prudential. additional funding is provided by the annenburg foundation,by the corporation for public broadcasting and by contributions to your pbs station from viewers like you. thank you. >>> next on kqed newsroom. >> you can come out of the shadows and get right with the law. >> president obama goes it alone on immigration reform. how will the executive order affect california's undocumented immigrants? janet napolitano has tax hikes, amid objections from governor brown and students. >> this is the premier university in the world, and you can only cut research, factuality, et cetera and keep the reputation. >>> the first republican to win a legislative seat in three years, catharine baker lays out her priorities.

there's a practical reason, a theoretical reason and a juris prudential reason. the deep common law heritage in this country that we have always followed and the best exposition of that is in the court's cheat case that the criminal law is presumed to be definite and knowable. so whether it be punishing somebody for violating the law or any other actions citizens or the government engages in, we always assume a correct understanding of the law even if it's later construed by a court in a way that wasn't exactly predictable -- >> isn't predictable you're citing cheek far? didn't the court hold that ignorance of the law would be a defense? >> because of a special statutory exception congress had written, the beginning of part two of "cheek" is what i'm relying on, justice alito, where there's a paragraph or two that sets out with numerous citations this principle justice holmes described and many others that the criminal law is presumed to be definite and knowable. once you -- then there is no reasonable suspicion because we've presumed them know the law. >> suppos

the wall street journal" is saying the incident likely occurred in 2010 when hsbc was advising uk prudential on the acquisition of aig's asian life insurance business. a senior trader reportedly alerted the trader at moore capital. and hsbc this morning, pretty flattish. helia joins us, our u.s. business editor with more on this. helia, it doesn't sound good for hsbc. leaking information? >> for hsbc, more capital, remember, more capital was at the center of the uk's biggest raid by a regulator. eventually one of its employees admitted wrongdoing. this in case, it's more difficult. why is that? because the fx market was unregulated. what regulators in the u.s. are looking at is whether this particular individual at hsbc passed on information ahead of a block buying of dollars. that gives you a lot of idea about the flows of that exchange. and so the question is did this fx trader at hsbc have material nonpublic information? that he passed on, hello, how are you doing? guess what's happening in china? eurozone looks like this. by the way, this big m&a transaction looks like it's going to happ

"frozen" on ice live from the prudential center in newark, new jersey.salon -- i'm sorry, we're seeing the snow here. is transforming lots of little fans into their favorite "frozen" characters all morning long. oh, look at all those adorable elsas and annas and it's just snowing here. why would it not? >> not snowing outside, but snowing in social square if you believe it or not. look. a couple of "frozen" little olafs. >> very little. >> so sweet. lara. >>> so great. so "frozen" melted all of our hearts, of course, when it debuted a year ago. and the enthusiasm has not stopped since. this morning, taking over "gma" with a special performance just for us. it's a unique live event in times square and happening in newark, new jersey. so let's join anna, elsa, olaf and kristoff for a magical and inspiring performance. ♪ ♪ the window is open so is that door ♪ ♪ i didn't know they did that anymore ♪ ♪ who knew we owned a thousand salad plates ♪ ♪ for years i've roamed these empty halls ♪ ♪ why have a ballroom with no balls finally they're open up that gate ♪

. >> announcer: this had portion of nbc10 news is sponsored by prudential.ng your challenges. >>> 6:24. the phi kappa psi fraternity spent all day preparing thanksgiving meals. then they went to st. james and st. agatha's church. >>> the not many people enjoy working on a holiday, but one new jersey lawmaker wants to make it illegal. state senator richard codey is now presenting a bill that would prevent stores from opening before 8:00 p.m. on thanksgiving day. codey says that he feels workers should be able to enjoy the haulle days without fearing for their jobs. he said the companies should put their workers' needs ahead of profits. but then they argue that they're simply responding to customer demand by opening on thanksgiving day. some stores plan to open as early as 10:00 a.m. today. >>> good morning. at 6:25, i'm jillian mele. this is a live look at the vine street expressway at 76. as drivers make their way out to the schuylkill expressway, no delays or on the mains. you can see an accident in pottstown, high street is the alternate. over to brittney

written and a top advisor put on the government website, this is sanctioned by the government, jurs prudentialtification to kill all the jews and annihilate israel. so those are the folks with whom we are potentially cooperating. ambassador boltin, thank you for being here. >> glad to be here. >>> next week fox news has an exclusive two-part special on the man who killed osama bin laden. but up next, the man who landed that incredible interview will join us to speak for the first time about the story behind the story. that's next. you pay your auto insurance premium every month on the dot. you're like the poster child for paying on time. and then one day you tap the bumper of a station wagon. no big deal... until your insurance company jacks up your rates. you freak out. what good is having insurance if you get punished for using it? hey insurance companies, news flash. nobody's perfect. for drivers with accident forgiveness, liberty mutual won't raise your rates due to your first accident. see car insurance in a whole new light. liberty mutual insurance. by 1914 the dodge brothers and set out

written and a top advisor put on the government website, this is sanctioned by the government, jurs prudentialification to kill all the jews and annihilate israel. so those are the folks with whom we are potentially cooperating. ambassador boltin, thank you for being here. >> glad to be here. >>> next week fox news has an exclusive two-part special on the man who killed osama bin laden. but up next, the man who landed that incredible interview will join us to speak for the first time about the story behind the story. that's next. (receptionist) gunderman group. gunderman group is growing. getting in a groove. growth is gratifying. goal is to grow. gotta get greater growth. i just talked to ups. they got expert advise, special discounts, new technologies. like smart pick ups. they'll only show up when you print a label and it's automatic. we save time and money. time? money? time and money. awesome. awesome! awesome! awesome! awesome! (all) awesome! i love logistics. doctors have been prescribingdecade, nexium to patients just like you. for many, prescription nexium helps heal acid-related eros

we saw them in the summer of this year starting to use a little bit of macro prudential to curb the housingms to have had quite an effect and that may have also in -- hindsight turn out to have been a benefit. that'll think the economy is anything like it was two years ago. we have very strong growth over the past year. starting to look more resilient so i am not sure that raising rates turn out to be a big problem in that way. >> can i ask you, the two members that have parted company who have been voting for a rate hike, as someone who sat on these meetings before, if you are in the situation they were in and thought, maybe i went to early and i don't want to see a just yet, is it possible to back away from that kind of call? >> yes it is, i certainly backed away, but it is an uncomfortable situation to be an. but you have to be brave enough to say if you want to put rates up and it turned out to be a mistake and you have to reserve -- reverse. you have to be brave enough to say it did not turn out quite right. you have to accept that people are not going to get it right all the time and

that is why we see bank of england's prudential regulation -- the split between those regulators. to find them because of that issue that hit customers >> lessons learned will be what? invest aggressively. they were being nursed along to make sure they still work. some people say they are held together by tape. he sings a been developed since the 1960's. they have been upgraded -- these been develops in the 1960's. they will have to spend a lot. we saw a group spending one billion pounds to address digitization. the resilience of their i.t. platforms. a big problem banks are having to address. >> their bonus is pretty much everywhere and banking going forward. based on the claim that the rules and came in in january were not valid. apparently they are valid. "taking stoc >> indeed. european courts advisor saying that the eu has the right to count twice the level of salary. that is something that the banks and the u.k. are unhappy about. here, we have the majority of the banking population of europe. that is the one thing the u.k. has been trying to address. >> there is been an att

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prudential just in the green, its new business profits have jumped 17% year-to-date as the uk insurer says it is confident about its prospects for the rest of the year. the ceo told krpz earlier today that asia continued to be a strong south of growth. >> clearly, there's been a relative slowdown in china. it will be at least 5% gdp, so that is really what's driving our business because we collect savings at the middle class and there are more and more to invest in core markets. that is why we can still grow 15% and this time pointing the cycle in asia. >> and we are awaiting uk inflation data, both cpi data and ppi data. as you can see, sterling is just about flat on the day so far. an expectation of this, it's at 1.565 against the dollar. cpi is expected to come in at 1.2%. of course, we had the bank of england's forecast last week which did forecast 1.2% for cpi and indeed, the first time forecasting wage growth at 1.3%. so we are expecting the today to see cpi inflation in and around that level. and if it is indeed at the level for wage growth we had predicted last week, then it w

you have to as a leader be pragmatic, prudential, think things through, and every president should do that when confronted with various crises, when you don't interfere in say a sudan but you do interfere in a somalia, for example. for better or for worse. now let's think about syria. for the first six months of the syrian uprising when we failed to lift a finger, when the united states failed to even call for assad's removal there were peaceful -- it was an almost entirely peaceful up rising of syrian citizens saying enough to their tyranny, an effort to replicate what had happened in tahrir square in egypt which has inspired the world. only then did elements of syrian civil society responding to massive brutality by the assad regime start forming a free syrian army. we refused to support them because we said, we don't know who these people are. it's all very complicated. obama, after all, liked to say that he was the man who ended wars, he didn't start wars. so things became worse. next thing you know you have 10,000, 50,000, 100,000, 200,000 human beings slaughtered. nothing happen

you have to as a leader be pragmatic, prudential, think things through.very president should do that when confront with various crises when you don't interfere and say in sudan but you do in somalia, for better or worse. now, let's think about syria. for the first six months of the syrian uprising when we failed to lift a finger, when the united states failed to even call for assad's removal, there were peaceful -- it was almost entirely peaceful uprising of syrian citizens saying enough to their tierney, an effort to replicate what had happened in tahrir square in egypt which inspired the world. only thing then did elements of syrian civil society responding to massive brutality by the assad regime start forming a free syrian army. we refused to support them because we said, well, we don't know who these people are. it's all very complicated. obama, after all, likes to say that he was the man who ended wars. he didn't start wars. so things became worse. next thing you know, you have 10,000, 50,000, 100,000, 200,000 human beings slaughtered. nothing happe

that's a first step towards trying generalize prudential requirements to make sure you don't have unstable structures in funding. there are obviously areas that are not easily reached. part of what we're doing at fed and what fsb is doing internationally is cataloging the things that can happen, tools that are available and getting ours to the point we can begin to do this analysis. >> we have a session conclusion of our discussion focused on systemic risks. >> nellie is going to be -- >> that's right. craig body rick from goldman sachs will be there on that session. if you have time to stick around maybe you should. yesterday it was reported you said you can have systemic risks without too big to fail. it's the interconnectedness within the system that you think is a problem. how do you deal with systemic risks if it's not about the size of the institution? >> i think it's two things tim which are often interrelated. one is funding structures, runablfunding essentially. this sort of thing that gary gorten write about so much. second is correlated asset holdings. those things are frequentl

makes good prudential sense to allow this north carolina supreme court to put to us what is basically an abstract question. to give an answer without reference to the fact that, as justice scalia indicates, part of the fourth amendment is the good faith exception. it bears unreasonableness. >> that's correct. this court has in cases like rodriguez dealt with mistake of law just in the rights stage rather than the remedies stage. and that's all that has been briefed in this instance. that's correct. one of the things that is different about this from kroell and davis is that we are not talking about -- >> excuse me. that just doesn't wash. in other cases we just decide the right and don't have to decide the remedy but this is a case in which unless the recommend city exclusion there's no basis for us to set aside the judgment of the north carolina supreme court. unless the remedy is exclusion. it seems to me that's part of the case to reverse. if we can't say that, we have no business reversing it. but if it hasn't been argued i guess we can do that. i guess. >> that has not been argue

where theapril prudential insurance got caught lifeaying out the group insurance benefits and they werehe money. these people filed a lawsuit under the same issue of jurisdiction called heil 38. -- title 38. that if this is a benefits issue, it must be heard in a veterans claims court. we did not sue for benefits. we sued for criminal activity and civil rights issues. host: we are running out of time. if it is a criminal or civil issue, it must be heard in federal court. it supreme court ignored even though we explained it to them. they committed treason against us. we are suing for all veterans everywhere, not just for us. host: i have to leave you there. thank you for your call this morning. that does it for "washington journal." thank you for watching and we will back here tomorrow morning at 7:00 eastern time. [captioning performed by national captioning institute] [captioning performed by the national captioning institute, which is responsible for its caption content and accuracy. visit ncicap.org] >> we are live of the vietnam veterans memorial here as the nation commemorates that