it lacks resiliance, it can break under stress. and there are many sources of stress in china today. people have grievances because their rights are denied and they have no resource to -- recourse. to the authorities that are offensive. and they are angered by those things beyond their interest, such as massive corruption and degradation. given the widespread of the internet in china today, and the fact that half the population has mobile phones. citizens are more aware of their rights than ever before and more connected to each other. and as observed, the regime has lost its only source of legitimacy. which he said was the revolution. in his words, revolutionary discourse has distanced itself from us. revolution is no longer legitimate. the only source of real legitimacy, what he calls resilient, is democracy in the framework of a constitution. in a system where the government is in constant dialogue with the society, through elections and the independent media. where the authority comes from the people and is subject to constant

a rigid system is, by definition, bristled, blacks resilience. it can break understreng-- it l. people have no recourse to the courts, which are controlled. political parties that are distant, and accountable, arrogant and defensive. they are angry about many things beyond their immediate economic interests, such as massive corruption and environmental degradation. given the widespread use of the internet in china today and the fact that over half the population has mobile phones, citizens are, also, more aware of their rights than ever before and more connected with each other than ever before. on top of all this, as professor observed, the regime has lost its only source of legitimacy, which he said was the revolution. revolution, in his words, revolutionary discourse has distanced itself from us. revolution is no longer legitimate. the only source of real legitimacy, of what he calls "resilience stability" is, in his view, democracy in the framework of a constitution. a system where the government is in constant dialogue with society through elections and independent media, w

it makes our system more resilience in this crisis. our system is not nearly as concentrated as the systems of almost every other major economy. to view the canada, switzerland, japan, much of them are much more complicated than ours. i do not think we won to end up with the more complicated system than what we have today. >> some bankers are concerned there will be taken much regulation. -- too much regulation. >> you want to have a system where innovation is rich and healthy. it will always try to get around the constraint posed by regulation. we have to fund the balance. we did not get it right. you can look at the last 10 years since a regatta right. but we have to readjust it -- you can look at the last two years and say we got it right. but we have to readjust it. we cannot go back to where it was. that is because of the damage of the crisis. it was so acute. the only path to a more stable system will be more capital in the system and greater constraints on risk-taking. that is a necessary solution. we can do it without depriving

letter though new york fed this month the industry expressed our firm commitment to strengthen the resilience and robustness of the otc derivative markets. we're determined to implement changes to risk management, processing and transparency that will significantly transform the risk profile of these important financial markets. we outlined a number of extends -- steps toward that end. the otc industries are committed to engaging with supervisors globally to expand responsible the improvements made in our business since 2005. we no that further action is required and we pledge our support in these efforts. >>> it's our belief that much additional progress can be made. our clearance si and transspeier sir initiatives are well underway with specific commitments aired publicly. as we move forward we believe the effectiveness of policies will be determined how well they answer fundamental questions. will they recognize that otc derivatives play an important role in the u.s. economy. and will they enable the firms will these policy initiatives ensure the availability and affordability of these ess

individual resilience. i know a lot of fokse folks in this room understand the concept of individual resilience. we have a new generation of medications available. many are now free. from the terrible side-effects i know i saw in my own mother, they are free from that. and they are much more effective and easy to take. part of the answer lies in ending the stigma associated with these disorders. a stigma that somehow seems to remain whether we call them severe mental illnesses or brain diseases, or emotional disorders, we still seem to have the stigma. and sadly, while we're moving closer to the answers, we have a long way to go. but i would also like to say we've come a long way. looking at ross thabo there, he'll speak later, he's foke -- spoken to thousands of young people. all the education we give helps to displace ignorance and fear, and that's what we have to do with these sets of illnesses. so i do think it is getting better. so the shame and fear surrounding mental illnesses still do exist in a bit

the rest of the economy is pretty resilient, pretty healthy, no large, dramatic and balances. we are two years into this. there has been a lot of adjustment in the financial sector, and lot of adjustment in the real-estate sector. prices have come back. they have been negative for a long time. you are seeing a lot of healthy adjustment behind us. it is a -- it does not mean that there are not challenges ahead. one of the great things of our economy is that because we are so flexible, these things happen with brutal force. they happen more quickly here. that will ultimately be more healthy here. >> you alluded to this earlier. this idea that there is a silver lining to some of this. we did a cover story about the new frugality. there is a silver lining in the sense that american consumers have to hunker down and get back to some older values? >> you do not want families to go through this just to learn that the -- the basic lesson that you want to live within your means. it is a fundamentally healthy process. if we are careful in making sure that as we fix the crisis, we are la

they have been resilient all season long. >> i wasn't -- i didn't think they had that type of resilience si. you talk about toughness and they came back against us, they were down against boston. no one thought they would close out the cavs and now they're in another situation and they're playing tough basketball, they played with a lot of heart andre iguodala. skip bayliss better be ready. now out to orlando, phil jackson addressing the media. >> example of the game that we wanted to play. they were able to come up with plays at the end of the half to take the lead. we told the guys at halftime, we're playing the way we want to play. >> them making all their shots? >> it tends to even out in a game. >> right here in the front. >> phil, can you talk about what your last minute instructions were for the final minutes and seconds that kobe took that shot and what was the designed play for the final seconds? >> we consistently ran something similar down the stretch. fish got a three, kobe got through. got the ball to pau. a number of plays that worked but they were able to strip the ball la

[laughter] we have a resilience country here. i think americans are a very resilient people. you never know where the term is going to, or how it is going to come here and but i thank you can pretty well count on it coming and i think that americans, we are not germans. we have a deep-rooted individualistic mentality and there will be rebellions and the rebellions will also come from within zaid the ranks of these leftists there and these are indistinct trans. there certainly is a move away from the liberal arts. there would not be english literature and if it wasn't for their writing causes anymore because people don't want to go in here about imperialism from our literature professor, some people to but most people don't. university presidents karats that they mainly are and you know when i say that i was just thinking out of every and jim wagner, i don't know what his politics are when he is a decent university president, they want to designate the controversial speaker and charge of the college republicans for the security they had to have because the leftists will attack

a lot of folks in this room understand the concept of individual resilience. we have a new generation of medications now available and growing more readily accessible. many of these are now free from this terrible side effects i saw in my own mother, they are free from that. there are much more efficacious and easy to take. part of the answer also lies in the and in the stigma -- i can say this enough. ending the stigma associated with these disorders. that somehow seems to remain whether we call them severe mental illnesses where brain diseases or mental health problems or emotional disorders. we still seem to have a stigma and sadly while moving closer to the answer is we have a long way to go but i also want to say i think we've come a long way. i really do appear, i think that a lot of the efforts, listening to, him speaking to 7,000 young people, all the work that you all do, all the time, helps to educate and education displaces ignorance and fear and that is what we have to do this illness. and so i do think it is getting a lot better for this dittman i

the rest of the economy, pretty resilient and healthy, no large, dramatic and balances. we are two years into this and has been a lot of it chessman and financial sector. a lot of adjustment in the real estate sector and private savings rates have come back dramatically. para 5% after being negative for a long time. you see a lot of healthy adjustment behind us. it does not mean we don't still have challenges ahead. but it is important to recognize that those are necessary conditions for getting through this and one of the great strengths of our economy is that because we are so flexible, these things happen with a force. the happen more quickly and that will ultimately be more healthy and we will come out of this matter because we just quickly. >> you alluded to this rear -- this idea that there is a silver lining to some of this. we did a cover story about the new frugality. would you say that it is true in the sense that american consumers have to hunker down and get back to older values? >> you don't want any family to go through this to learn the basic lesson that y

are we getting more resilience infrastructure or are we getting better incident response? do we have ways of helping our allies if they are attacked? the measure will be important going forward. >> if you cannot measure the problem, you cannot manage it. i would like to ask the panel now. as we go forward, i would like to hear your opinion on what is next and what are some of the challenges we face and how will those steps be informed by the areas that have happened in the past? maybe if we can throw a little history on this for people. >> obviously, the action plan for the midterm is the one in the 60-day review. lots of players in the private and public sector will have to participate. i will tell you what some of my priorities are. they flow substantially from the 60-day review. one of them is capabilities building. there are a lot of things need to get done and a lot of places where dhs is called on to step up its level of capability. my top priority is continuing to build capability within the department, and security. if some of that as technology, but a lot of it is

author who spent time in the gulag and who wrote novels reaffirming the strength and resemblance -- resilience of the human spirit gave a commencement speech. i was living in california and interested in writing. no internet those days. i had to wait a couple of days for the "new york times's." he excoriated the west and criticized the west for its own law. his message was that any society that defines the tissues of existence in legalistic terms is condemned to spiritual mediocrity. i could not understand it. and that is a reflection that i realized for him, laws are defined differently. from his heritage and experience, law was closed, a threat, a decree. that is not when we see wall -- law -- that is not the way that we see law. it is not an idea to be avoided. it is a thing to be embraced. for us, the law is not a command. as us in making progress. it is not a threat. it is a promise. but this is so misunderstood. there is so little of lamentation throughout the world -- so little implementation that this idea is in danger of falling through the wayside. on a commission established by the

but the forces are resilient beyond our estimates. i think we are at the maximum rate we can sustain. but i think we can sustain this rate for some time longer. it is now become the new normal. it's the way we operate, the people doing this have done it long enough to know that what it is they can expect to do. and our retention rate is high and recruiting rate is healthy. so if the demand didn't increase, we are probably pretty ok. but we see an increasing demand for operational forces, and we have a growth plan in place. >> good to have you here. >> thank you, mr. elsworth. >> thank you mr. chairman. i apologize being late, i had hoosiers in the office that didn't want to let me go. and if this question is discussed, if you can talk about the interoperationability of the agencies and what challenges you may have faced and what are best practices and what are you facing? >> we did address that to some level, and what i said quickly, it's better than it's been and it will get better. we are at a point where the structures have evolved

and it turns out that young people are incredibly resilient. it doesn't take that much, just someone to put a hand on them. saying, you are important and i am listening to them. it's the wrong person, the gangbanger, they will respond to that. or the person in the community, they will respond to that. we need to affirm positive behavior and not just condemn bad behavior. a lot of times young people need to be told, that if you -- one the neat things about this program i was looking at. they had a whole code, the first thing they train young people is on how do you interact with others. they were shaking your hand and not mumbling, and there were certain words they have banned from usage. not just curse words, they were saying, don't go around and say shorty and what's up "g." because that's not professional. and all that was important to them and they absorbed it quickly. but it requires spending a little time and lifting up some role models. ok. all right. this is always tough, the last question thing. i will call on one of these young people

this and the collaboration enhance the resiliency because if something bad happens, the officials are talking at the right time about the right issues. i look forward to your questions. >> it is an honor to testify before you on behalf of the red cross. we will share with you the details, about how to respond to the challenges facing the american people. i would like to thank him for his work and the appreciation of the red cross in the response efforts. for more than 125 years the red cross has provided relief to the victims of disasters, helping people prepare for and respond to emergencies. from house fires to large-scale disasters, the red cross provides life-saving and sustaining support, giving critical surprise and emotional support, to communities across the country. i recognize the generous donations from the public of time and money and blood. our organization operates in a constant cycle of responding to disasters and preparing for the future. we participate in activities to partner and plan and prepare and evaluate the capabilities. spring is a critical time of year. we ar

our model was also -- we have been more resilient than any other business model and the music business because we do have all these various revenue streams. the songwriters and our business is going through a very challenging time. the mechanical and come related to the sale of those disks -- record sales are being tremendously impacted by the change in new technology and the access to free or legal. we're struggling to that as a whole industry faces those challenges. >> the television broadcasters have taken a tentative step towards free tv on computers through hulu. the uc something like that in the music feature? -- do you see something like that in music's future? >> i mentioned we were launching an on-line video site call vivo. i did not know if the plan is to launch with a fee or if it is at supported. i think they're actually talking to advertising partners. it is usually -- music video content is largely popular online. video content is very popular. universal was one of the first companies that stood up and said, we would like to be paid for that video content. we would like t

from that kind of landscape and it's not unusual, i know so many iraqi is who have been incredibly resilient and courageous are doing amazing things through art and literature, through humanitarian relief and civil society initiatives. that i think is an iraq that more and more americans need to be introduced to. wafaa uses interactive technology to connect the fewer with the art piece. he does performance art in a fundamental way that i think is true about the best far to. the kind of art that challenges us, the challenges our comfort zone and breaks down barriers that is unsettling and provocative that begins to force us to consider different perspectives and if there is anything needed i think at this time, the time we live today i think it's having more americans to be challenged in that fundamental way but i think he also speaks to something else. that we live in a world of conflict, we live in a world of crisis now with a growing economic crisis we can consider what's happening in the region, the continuing suffering in iraq, the conflict is not over. mass displacement, millions have b

these firms will be required to meet stronger capital requirements so that they are more resilient and less likely to fail. even as we place this responsibility in the hands of the federal reserve so that the lines are clear, we will also create an oversight council to bring together regulators to coordinate and share information to identify gaps in information and tackle issues that do not fit neatly into an organizational chart. we will bring everyone together to take a broader view to solve problems in oversight before they can become a crisis. as a part of this effort, we are proposing the creation of the resolution of 44 large and interconnected financial firms. so that we are not only putting in safeguards, but also a set of orderly procedures that will allow us to protect the economy if a firm like that goes under water. think about this, if a bank fails we have a process through the fdic that protects depositors and maintain[s] confidence in the banking system. this process was created during the great depression, when the failure of one bank led to the failure of many banks. i

afghans face a combination of challenges, a resilient taliban insurgency, increasing level of violence, lack of government's capacity, persisting corruption, lack of development in key areas, illicit narcotics, and alliance to other countries. these threatened the future of afghanistan and regional stability. the potential reemergence of al qaeda or other safe havens in afghanistan, existing safe havens are critical threats to our national security. additionally, challenges to legitimate governments like under -- those under way undermine an important partner and threaten regional stability. finally, i believe that providing the afghan people battered by 30 years by on broken the violence an opportunity to shape their future, requires our commit

how long we could sustain this were wrong, we did nothing that we could do this but the forces resilience beyond the estimates that we had, and i think that personally, we are at the maximum rate that we can sustain, but we can sustain this rate for some time longer. it has now become the new normal, people who have been doing this have been doing this long enough to know that this is what they can expect to do. the recruiting is still healthy. if the demand did not increase, we probably -- we are probably ok. but we see the increasing demand for the special operations forces. >> it is good to have you here. >> thank you, i apologize for being late. i had some people in the office that did not want to let me go. could you talk a little bit about some of the enough ability between the agencies, if things are being done with the interagency cooperation and challenges you may have faced, what are the challenges that you are facing? >> this is better than it has ever been, and we are now at the point where the venues for these kinds of interactions to occur, this is a matter of the people get

will require these firms to reach stronger capital and liquidity requirements so they are more resilience and less likely to fail. even as replace the authority to regulate these large firms in the hands of the federal reserve for accountability, we will create an oversight council to bring together regulators from across markets to coordinate and share information, to identify gaps, and tackle issues that did not fit neatly into an organizational chart. we will bring everyone together to take a broader view and a longer view to solve problems in oversight before they can become a crisis. as part of this effort, we are proposing the creation of a revolutionary of 44 large interconnected financial firms. if a bank fails, we have a process through the fdic that protect depositors and maintains confidence in the banking system. this was created in the great depression when the failure of one bank threatened wider turmoil. it works. we do not have a system in place to contain the failure of a place like aig or the largest most interconnected financial firms in our country. companies employing

that has made our system more resilient. . and healthy, and it will always try to get around the constraints of a regulation, so we have to find the balance. we did not get the balance right. you can look at the last couple of years and say, "we have got the balance right." in the future, we need to do this if we will have an economy that is less honorable to these risks. >> gee, that is going to restrict what i am going to do is what some people will say. >> we cannot go back to where it was. that is true. that is true for the united states and four countries around the world. it has been too cute. -- and for countries around the world. it has been too acute. we can do that without depriving the economy. we will not get the balance perfect. i understand the risk of going too far, but i do not think that is the risk that we face. tighter, better able to adapt. >> going to the other side of defense, as a consumer, however i going to be protected -- going to the other side of the fence, as a consumer, how am i going to be protec

confidence, that's an important word, confidence, that we will respond, we will bounceback with all the resilience the american people have shown for so many years. that is part of the department of homeland security. but another part of the homeland's security, it was mentioned with in the introduction, is of course that we have primary responsibilities for enforcement of our nation's immigration laws. i know that you were on the hill yesterday in congress and i know that you recognize that the issue of immigration brings out passions on all sides. . i think everybody would agree that the current system does not work, does not work. [applause] of president has committed to opening a dialogue on immigration this year. i am committed to be a part of that dialogue. i am committed because i have seen what happens when the immigration system gets out of kilter.

before the crisis started the credit defaults what actually helps to make the financial system more resilience by spreading dispersing risk around the world. that view has been widely discredited by what just happened. credit the fault swaps were on the table, they are on the agenda. it is also worth noting that one of the guys who was most focus on these was tim geithner at the new york fed. he tried to find ways to make more efficient at the clearing settlement of these incidents. it was here we can say that the fed did not go far enough in trying to understand how this market works and what kind of vulnerability is created for the entire financial system. now they are going to go back and have to do it. host: we think the john -- we thank johnna, from we would like to thank john. coming up next, dave camp talking abuot health care legislation. in our final segment leader, a penn state's prof. professor. >> rahm emanuel speaks to the democratic leadership meeting. a meeting to consider and make changes to the health care administration, with live coverage beginning at 10:00 a.m. eastern on c

confidence, that's an important word, confidence, that we will respond, we will bounceback with all the resilience the american people have shown for so many years. that is part of the department of homeland security. but another part of the homeland's security, it was mentioned with in the introduction, is of course that we have primary responsibilities

will require these firms to be stronger capital and liquidity requirements so that they are more resilience and less likely to fail. and even if we replace the authority to regulate these firms in the hands of the federal reserve, the lines of responsibility and accountability are clear. will also create an oversight council to bring together regulators from across markets to coordinate and share information to identify gaps and regulators and tackle issues that do not fit neatly into an organizational channel. we're going to bring everyone together to bring a broader view and a longer view to solve problems of oversight before they can become crisis. as part of this effort, we're proposing the creation of what is called resolution authority for a large and interconnected financial firms so that we are not only putting in place safeguards to prevent the failure of these firms, but also a set of orderly procedures that will allow us to protect the economy if such a firm does in fact go under water. think about this. if a bank fails, we have a process to the fdic that protect depositors and m

therefore, what is going to be the pivotal moment is, in my view, three factors -- the resilience and sustenance of the movement by the people, the fact that elements that want to peel away know that their backs are not to the wall, that there is another boat they can jump to, so the movements dynamics is key, the behavior, taking a position, and much more tacit support than just verbal encouragement by the international community in a direct engagement with the people and support for that, is another factor. and ultimately, how much the morale of the remaining core group desperately trying to hang on to this system and preserve it allows them to fully detached from them, dissension within the ranks itself. the caylee evaluation of that is what ultimately makes a difference. -- the daily evaluation of that is ultimately what makes a difference. it has to start -- the good news is that it has already started. the extent of which, i cannot really tell you right now. it depends on many factors. but this is pretty much the dynamics of change. more often than not, we have seen that. this i

the resilience and sustain ands of the movement by the people. the fact that elements that want to peel away, to know their backs are not against the wall, that there is another boat they can jump to. dynamics is key. the behavior, taking a position, and much more tacit support than just verbal encouragement by the verbal community is always another factor. and ultimately, how much the more alof the remaining core group trying to hang on to the system, and the division of the ranks itself. it is not an overnight affair. we are not going to wake up tomorrow and see that everybody in the revolutionary guard is suddenly on the side of the people. the good news is that it has already started, the extent of which i cannot tell you right now. it depends on many factors, and i cannot guess. but this is pretty much the dynamics of change. more often than not, we have seen that. this is not me in isolation that can keep people like her completely isolated. this is a movement now that has blown out of proportion. as i have said to you anecdotally, i have h

that was a successful negotiation, but it was not simply a kind of churchillian resilience and refusal to compromise. and so, i think reagan merits great studying and in some ways speaker gingrich marriage rates steady but for a man who built the majority, who won a hughes -- huge victory and then circumstances and the politics of the moment brought in that revolution down. that merits study. gingrich has done and -- important things in his career, and serious consideration. host: "newsweek" recently took on a new design and had done everything from reading a new look, more white space and intense photography and heavier stock paper and longer format articles. what is the goal of the redesign, not only in look and content? who are you now appealing to? guest: to be very clear, we are 76 years old. the first issue of "moussaoui" came out in 1933. and people who work at them magazine -- the first issue of "newsweek" cannot and 13 -- 1933. the people who work now are in the shadow of the people who worked on the magazine and brought to this point, and for that we are for ever grateful. it

i do not have a quick answer for you except to say that i would hope that the resilience of the american work force is very important. i just see hope in the eyes of people where i saw struggling in cleveland, ohio, and in chicago. i have been to miami and los angeles, and looking at the future down the line, many young people have a lot of hope. they are working in construction jobs for the first time and have not had all the opportunities that other people have had, but they are now beginning to see there is hope for them that they could get into a career and help provide for their families. it is amazing what the american spirit is like when you go out into the different communities and neighborhoods to see what is really happening on the ground. >> should people expect more pain and more job losses at least through the end of the year or beyond? is it unrealistic to think this is going to turn around relatively quickly, as some of the other indicators are suggesting? >> i would say it is not going to turn around as quick as you and i would like to see. we have been in this situation

what's incredible to me is how resilient the american people have been and how they are still more optimistic than the facts alone would justify, because this is a tough, tough period. a i don't feel satisfied with the progress that we've made. we've got to get our recovery act money out faster. we've got to make sure that the programs that we put in place are working the way they're supposed to. i think, for example, our mortgage program has actually helped to modify mortgages for a lot of people, but it hasn't been keeping pace with all the foreclosures taking place. i get letters from people who say, i appreciate you putting out this mortgage program, but the bank isn't letting me modify my mortgage and i have to mortgage my home. and i ask my staff, can we adjust it, tweak it, make it more aggressive. this is a very, very difficult process. and what i've got to do is make sure we are focused both on the short-term, how can we provide families immediate relief and jump-start the economy as quickly as possible and i have to keep my eye on the long-term. and the long-term is making sure by r

lives, and it improves health outcomes leaving our families and our communities stronger and more resilient. and it also has the potential to save our nation precious health care dollars. for example, the trust for america's health concluded that an investment of $10 per person, per year in proven community-based disease prevention programs could yield a net savings of more than $2.8 billion, billion annually in health care costs in one to two years. that figure grows to $16 billion annually within five years. so, clearly, in terms of the outcomes of having a healthier nation, we need to have prevention as a part of any health care bill, and with regards to the effort to save money, prevention is key in that aspect as well. so it is clear that prevention has not failed us, but that we in turn have failed prevention. and it must be a part of this, any health care bill. >> okay, thank you very much. we'll open for questions now, and i'd like to thank our staff, also, who have worked so diligently on not only this press conference, but the bill, and all of the research and all of the pulling t

after traveling to italy earlier this year, i could attest to the resiliency and strength of the italian people. i remind us again of the 2,350 troops that fight alongside our brave men and women in afghanistan. it is trying times like these that allow us to recognize the deep and binding ties between our nations, united states of america and italy. this tragedy only brings our two nations closer together. i want to thank -- i would like to take this opportunity to sincerely thank the many organizations in the united states, including the national italian american foundation, working to raise funds to aid the rebuilding efforts in abruzzo. the italian american community's support and solidarity with the nation of italy has only increased in the aftermath of this natural disaster. i also want to commend the italian ambassador for his leadership and commitment to the italian american community. i urge my colleagues to join me in passing this resolution to offer our sincere condolences to the nation of italy, for its tremendous loss, as well as pledge our continued support to the italian go

again, because of the resilience from having that large number and thousands of smaller institutions. >> some bankers are concerned that there will be too much regulation and they say that the private sector, in terms of innovation, will always be more fashionable than government. is that not the case? >> it is true that you want to have a system where innovation is a rich and healthy. it will always try to get around regulations. you have to find a balance. we did not the balance right. i don't think you look at the system today, the the the last two years, and so we have the balance right. -- you look at the last two years and you see we have the balance right. we need to have a system less vulnerable to these risks. >> bankers in the audience are still saying that is going to district that is whether going to. we cannot go back to where we was -- where we were. the damage was to keep. the only path to a more stable system will be more capital in the system, greater constraints more evenly applied. that is a necessary solution that we can do without depriving the economy of financia

it makes our system more resilient and stronger. and one of importance of the reforms is to make sure the larger institutions have constraints on leverage that are appropriate given the scale and risk. that will help offset some of the potential concerns you raised about level the playing field for community banks. >> thank you very much. mr. secretary, i was glad the president announced his supports for the concept for financial product safety commission and i think the agency that tries to protect consumers from predatory traps a good idea. could have spared us some of the problems we're currently going through with pre-penalty payment on mortgages, for example. in a way that is the easy part of my question. the tougher part gets to the heart of the issue. and the heart of the issue would be an interest rate charge. is there too much -- an interest rate that is too high in america? do we have an obligation as a country to say that certain levels of interest rates aren con shunable, illegal, unacceptable? i put in a bill to put the

and so, you know, that's our business model, but again, our model is also probably we've been more resilient than any other business model in the music business because we do have these various revenue streams. but at the same time our songwriters and our business is going through a very, very challenging time because, you know, mechanical income related to the sale of those discs, i think you're aware that record sales are being tremendously impacted by the changing in technology and the access to free. or illegal. [laughter] so we're not immune to that. we're struggling through that as the whole music industry, record industry faces those challenges. >> host: well, mr. renzer, the broadcasters, the television broadcasters have taken a tentative step or a step towards free tv on computers, and that's through hulu. do you see something like that in music's future? >> guest: that's an interesting question. well, i did mention, you know, universal's going to be launching a premium online video site called vivo. i don't know at this point if the plan is to launch with a fee or it's more ad supp

i think it is also very special that tonight you have signed for us your newest book, resilience, reflections on the burdens and the gifts of facing life's adversities. you are a woman of great love. you have demonstrated that for your commitment to your family, your commitment to your four children, door commitment to your scout troops coming to the march of dimes and all you have done during your life to help others. we find you also to be a woman of grace and courage. and it is a real privilege to welcome you to this podium this evening. thank you sincere-- sincerely. >> thank you all very much and a special tank as to nancy and jack for turning entrainment to something so incredibly powerful. i came up from north carolina. i had actually matt a lot of north carolinians here. the north carolinian diaspora stent everybody out. nobody was.com. some people write the beach and some people were at camp, so i was at home and you would think that be the perfect time so i would be incredibly organized. i was not. i pulled the folder where i'd put my speech and the schedule of what was going to hap

let me switch gears and talk about the resiliency of the marine corps after seven or eight years at war in two locations. i will fell you on the whole, it is good. we are pleased with what we see. there are stressors, there are strains, of course. you would have to expect that, but we track about a dozen indicators each month to tell us just how the forces -- how the force is doing. in virtually every instance, probably save two or three, those statistics are as good or better than they were in twune. our young officers are staying with us 91% past their original contract of service. this last year, we closed out our re-enlistment opportunities that the midway point through the fiscal year for both career marines, those second or third-term marines for re-enlistment but also our first term marines. the opportunity is now very restricted for them to be able to stay as we get into the second half of the fiscal year. our recruitment has been little short of just incredible. we were given the authority in late 2006, early 2007 to grow the corps some 27,000 additional marines. when i was her