. >> the leader of the branch in is a former detainee at quant, bay best at guantÁnamo bay.was in fact on al qaeda pot spay role. shouldn't his group he considered a part of core al qaeda. >> they are not. the central leadership picks and are actually knighted, so designated as an al qaeda organization. a lot of these organizations profess extremism. they have, in some cases, the same goals but are not actually part of al qaeda. organization in egypt, if violent organization but not yet a part of al qaeda formally to the extent that that has meeting. >> who's making the determination of core al qaeda? it seems to me the characteristics of being on -- r payroll -- in chargehere he is of that. he recently excommunicated al .aeda in iraq >> i was troubled by the in whichd testimony general dempsey was asked about the ability of the military to target the terrorists who attacked us in benghazi. general dempsey's response was were note individuals participants or in leadership of and therefore were not under the authorization for use of military force. the military do not have di

a poets and quants analysis of starting salaries for top graduates of the world's best business schools shows that after kellogg was wharton, with a graduate earning $350- thousand. followed by $310- thousand at columbia. $260- thousand at duke's fuqua and $250-thousand at the university of chicago's booth school of business. tech devices are helping slim down corporate fat. a company called retrofit has devised a way to whip top executives into shape who spend their days sitting in front of computers. retrofit provides one one one remote personal training through skype video conferencing, a tracking device and a wifi scale. 60% americans are overweight, so it's the vast majority. specifically in the corporate market this costs companies a lot of money, each overweight employee costs their boss $1,500 per year extra so do the math for the some of the companies we work with salesforce.com, google, etc. hundreds of millions of dollar per year. jeff hyman the founder of retrofit-- says he has lost 20 pounds on his program and most senior executives in the program have lost between 20 and 5

is not whining about democrats, he is whining about republican, mainstreamers who find tea partiers quanto make them history, he has a plan on his own, who assignment will to be defend conservative republicans, from establish am republicans. congressman that soundsls like a civil war. >> not a civil war it just a matter of buying prudent, and protective of those who standing uprying to protect the country. i would not say whining we stnd up call it like it is. those are peopl that deserve to helped. >> and sometimes people get intimidated, either you go with leadership or you are not going to share in largess that leadership can raise for you, i can't take credit for a new concept. neil: one tng to express your dissatisfaction about a leadership that dismisses you or trying to marginalize you, but this going after that leadership, saying you keep this up, i'm going to slap you upside your head. >> well, we're just going to defend people. neil: what does that defend mean? getting ads out for tea party or conservative candidates aimed at main street republicans? >> it heenes helping those w

is not whining about democrats, he is whining about republican, mainstreamers who find tea partiers quantory, he has plan on his own, who assignment will to be defend conservative republicans, from establish am republicans. congressman that soundsls like a civil war. >> not a civil war it just a matter of buying prudent, and protective of those who standing up trying to protect the country. i would not say whining we stnd up call it like it is. thos are people that deserve to be helped. >> and somimes people get intimidated, either you go with leadership or you are not going to share in largess that leadership can raise for you, i can't take credit for a n concept. neil: one thing to express your dissatisfaction aut a leadership that dismisses you or ying to marginalize you, but this going after that leadership, saying youeep this up, i'm going to slap you upside your head. >> well, we're just going to defend peopl neil: what does that defend mean? getting ads out for tea party or conservative candidates aimed at main street republicans? >> it heenes helping those who -- it means hping th

my background is in the quants. i will not be able to model that .sts do not have an understanding of how this will change their model to really factor it in. >> another thing you say is relevant here is, fracking is nothing new in houston, nothing new here, but what is the distinction here? two hotspots icr houston and san francisco, and it is the energy renaissance, and technology. both are very disinflation area. right now, inflation can rise, but we see this persistent pressure as a function integration and tech. >> lack of skilled workers in both arenas at the end of the day. >> what does that mean for the macro economic backdrop? even though you are trying to be market neutral, it is something you have to consider. >> absolutely. if the fed is going to fight this as a cyclical issue, it will keep on the date of easing going longer. we think that they will run out of bullets and what they are doing is less productive. if you think about the last five years of quantitative easing, the analogy in my head, it is like a bowling alley where you have

as i said, while interest rates are at historic lows because of the quantative easing, so-called, that the federal reserve is doing, churning out dollars, of course it's been a boom to the stock market and the top 1% of our economy. but working people, they're finding their wages have been stagnant for the last five years. but if interest rates were to rise one percentage point above the current congressional budget office baseline each year, our cumulative deficits or our debt would go up $1.5 trillion. that's with a "t," not a "b." these numbers confirm despite the short-term deficit reduction produced by the budget control act, we have seen some bending of the spending curve under the budget control act. those caps have been lifted as a result of the budget negotiations between senator murray and congressman ryan. america is still dangerously vulnerable to a fiscal shock. we experienced one of those back in 2008, and we are still vulnerable to a fiscal shock. if things change in terms of growth, inflation and interest rates. any one of those could have a dramatic impact, making thin

. >> if tomorrow, janet yellin says that quant taytive easing is going to zero, what would the interest be on the ten year treasury? >> it would go up i don't know 50 or 150 basis points. i think it is subject to different interpretations. that is my point. i don't care what you call it. if the fed was not actively intervening in the markets the rate would be higher. that means to be me that the rate of car sales would be lower than it is today. i'm worried sir, that we are creating asset bubbles in assets, stocks, would you agree with that? >> i think it is something to be watchful and careful of it. but i don't see evidence of it. we are leaning against forces that are holding back the economy. last year it is increases in taxes and spending. some of it we don't understand. mark was correct. we are understanding of the economy is rudimentary. people like dr. taylor keep pushing back the frontier. >> let's me go to another question. i apologize for cutting you off. >> about the mandate. one of the things that i heard was her support for the dual mandate. i think that was different than