united states economy this party web hello and thank you for joining us from new york city thank you sam well well first of all just about what we've just heard from our reporter what's your party is actually to do to the occupy movement and there's the there's the united states communist party somehow take taking part in occupy wall street or whatever. well we have a very positive attitude towards. occupy wall street in our opinion to change the conversation in the country from a sturdy to inequality and as you probably know inequality has grown tremendously over the past thirty years since the election of ronald reagan. and it's getting worse even in the midst of this economic crisis. the ones who benefited from it are the the wealthiest americans working people though are in very difficult straits now unemployment officially is around eight percent and officially it's nearly double that so the occupy movement has three some important questions about the conditions of working people inequality unemployment so it's been a very positive development in this country in cardenas there involved i

back in the 1950s, sam well abell was one of the great political scientists. was at election night with academics who were shocked eisenhower won over stevenson and walked around the room. not a single person in the room had voted for eisenhower. he said, this is a sign of how big the gap is in america. >> i understand that. >> okay, mitt romney is a lot like eisenhower. he is a very good organizer. he is a very methodical person. he is prepared to systematically do what he thinks is right for the country. >> each night, chris matthews plays "hardball" with some of the nation's most prominent politicians. newsmakers and leaders. be sure to watch "hardball" with chris matthews weekdays at 5:00 and 7:00 eastern on msnbc, the place for politics. >>> now here's your first look at how wall street will kick off the day. the dow opens at 12,529 after adding 33 points yesterday. the s&p was up a point. the nasdaq was down ten. >>> looking at overseas trading. in tokyo, the nikkei added 17 points. in hong kong, the hang seng was up 47. >>> for the second straight day,

sam well cohen was sentenced to 2 years in prison and ordered to pay back 31 million dollars that heinvestors. he used the money to pay for lavish lifestyle including a house in marin an private jet. some of the victims who takened today sentencing lost all of the retirement. most doubt they will ever see any of that money again. >> hi to let go of that fantas fantasy. i thought for the longest time i held thought hope that maybe some day i would get speed limit of it back but i had to go on with my life because it was too painful. >> among the victims the san francisco charity founded by actor glover and bell font. it was forced to shut down. >> the first evening commute on the new golden gate bridge bypass went very well. drivers say a bit of an adjustment as would you expect but enjoy the new scenery. it include as stoplight at m arena boulevard and richardson and reduced speedlimit of 35 miles an hour. commuters maneuver few turns and then head through a new tunnel. here's fast moving time lapse video of the demolition. whole thing came down under budget and 15 minutes faster tha

he'll probably get a visit from sam too. well, we talked about talladega being a day of big stress for the drivers. some of those stresses coming out in the closing laps. joey logano celebrating a talladega win finally. >> well, this morning joey was talking about his amazing average here. he said that doesn't include a win. this time, it does. how did you wrap your head around sitting there for 20 minutes and then getting yourself back together to get the win? >> oh, man, we got great position. you got to position yourself. i thought we weren't in the right position for a while, the restart before the last one. we were like sixth or seventh. then third, i'm like, kyle's good, i can keep ahead of him. the guys behind us didn't make a run on us. and last lap pass, just had the right time. kyle knew it was coming. but it was a lot of fun. 200th toyota win. that's huge. game stop, max payne 3 on the hood there. it's cool. you never know what's going to happen. you get it right at the last second. those are the most exciting ones. >>

that sam ward never asked a man about a measure in which he was interested at his dinner table. but he treated his friends so well that they were always anxious to do something for him. and usually asking as they were leaving how they could help. sam brought guests together around his table and let a good dinner, good wine, good conversation convince educated, launch, educate launch schemes or nip them in the bud offer overcome obstacles. his guests who were all chosen with a purpose, might find to their surprise that they had common interests or much to learn from each other. a client might find himself sitting next to a congress man on an issue of importance to him or have a chance to talk casually to a congressman away from his office. dinners were not sam's only means to his ends. he spent many days visiting capitol hill and cabinet departments. then as now, access was critical to a lobbyist's success and sam enjoyed remarkable access to offices around town. these were men he had known since childhood, met at boarding school, met at columbia, men who had danced with his sisters and whose sisters he had danced

we're just coming off but we must stick to uncle sam's bleep. well you see the full interview with historian and author hubert channel about ten minutes time here on r.t. . israel is taking new steps to shield self from its arab neighbors meaning further isolation having already walled off the palestinians the jewish state is now seeking to do the same with the lebanese army as well as the reports from israel. well the israeli army says it is building this seven metre high cement wall between israel and lebanon to prevent firing from lebanon into northern israel now over the past year and a half there have been and number of incidents just last week a man crossed over the border with his two children from lebanon but a much more deadly example was last year when a number of people were killed during commemorations when they came too close to the border from the lebanese side and to now there has been an electrified fence along the one kilometer israeli lebanon border and this is monitored by unifil the united nations interim force in lebanon and in f

lives here when when i think people are getting more and more a sense that this very well may not affect my life and sam it's not just t.v. looks like newspapers are in trouble as well many newspapers are going down under and the latest victim is in new orleans today of the new orleans you see it there then the new orleans times spec announce that they will add its daily publication and this paper has been around for one hundred and seventy five years and now new orleans will be the biggest city in the u.s. without a daily paper or so it's not just t.v. and it's newspapers as well well i mean i think you know it's the reason why newspapers are suffering in particularly locally owned newspapers are suffering i think has more to do with technology frankly than it than it does with a sense that they don't have the readership or the interest in the local news i mean. i think you know simultaneous to. two all that's happening from a political standpoint is this technological revolution and people are getting their news in different ways whether it's you know podcasting or whether it's reading blogs online or

well, the cat's pajamas. >> ding, ding, ding. >> wow, sam is doing very well. >> sam went outside. >> he forget forgot the raincoats going to be good. straight ahead. >> yes, it is. >> focus on you. >>> for the men and women serving overseas, there's nothing like a care package for mom, and no batter way to say thank you, than to send a picture back to your mom. and, well, almost a million others. that's how many people have viewed these hilarious shots that have gone viral in less than a day. four men striking a pose in the biebs t. shirts in combat gear. the pictures, we never thought we'd see them. but as biebs said himself, never say never. check those out online. >> can i unsee that? is that possible? >> they're funny. they're funny. >> come on. they're marines. they're marines. >> in those shirts. >>> and last but not least. it's not easy to find that special someone out there. when online dating services don't work, why not use social media to amp up your social life. that's what this man did. his rap to the ladies is a rap song that's gone viral. ♪ stare at the sea as long as you're the girl ♪ ♪ who likes

>> well, women have better focus in self control. fact! oh, okay. >> jon: what is that, sam?>> nothing. do not need to worry about that. >> jon: is that jessica? >> no. >> what'sçñr up? jon, it's amazing! >> jon: what are you doing? >> everything and everyone, jon! >> jon: donde etsa -- i'll tell you donde esta aqui. >> i have no idea what she's talking about. this is crazy, jon. >> jon: are you saying you don't know she's talking about? >> yes, because she was (bleep) up last night. jon, i have so many pictures. >> don't you dare! >> run slideshow. [ laughter. >> awesome clip. got a little hands-y but we settled the beef. we talked it out. everyone went their accept are rate ways and we headed back to the boor, jon. it was all good. >> jon: sorry who was that? >> it was old hitler. jon, we found and drank with old hitler. >> jon: what? i thought he was in argentina? were you partying with old hitler, sam? >> after the cat tranquilizers i was pretty sure he was a had a loose nation. >> that old hitler (bleep) was real. >> jon: i think it's time for you level headed females t

sam. he was just as hungry as the others for perch and he had friends in high places. and his talents for diplomacy all of which augerred well for success. sam's entray into the johnson administration. convincing congress to support his plan would not be easy. one of those to whom he turned to help was sam, who could both talk the talk of finance and more importantly bring together men of opposing views to talk over their differences. and sam was happy to oblige. from new headquarters on e street, sam sent out to win a victory with the treasury paying the bill. sam was delighted when reporters placed the cost of his efforts for the secretary of the treasury at $12,000. soon the key senators and representatives on both sides of the currency zee bait were sitting down to dinner at sam's table. although mak cull la was disappointed when he didn't get what he wanted, he was not disappointed in sam. thanks to his work and a string of successes, sam's star was rising. to julia he boasted he was a sort of a figeroe. every one calls me, every one wants me. what exactly did he do for sam, and what did he do for those who called his n

in which they'd have to turn to the government and unfortunately those those skids are well greased at this point sam did visit bother you that a banking system in today's global economy the banks seem to be doing more or less ok ok sometimes there's a big mistake but you know in the scheme of things since two thousand and eight the banks have done really well on the back up to where they were before the bonuses are being paid and we have very high unemployment we have very low growth you know there's something out of whack here. i agree and i think they're actually all connected by bonuses i think but what what do you think is going to happen when you say to a banker there's nothing nothing will happen to you if you make a mistake that you've infinite profits and hey here's two hundred billion dollars of quantitative easing money i think it's not hugely surprising that bank bonuses are the way they are right now but especially in europe where really grasping around for growth we're really desperate for growth over here and the banks to start lending there isn't this new bridge in the economy the rea

business that's the regulation you need robert you want to reply to that go ahead well i don't have any dispute with sam's position that if a bank makes major mistakes it should be allowed to fail but jamie diamond is a perfect example of what's wrong with this system you have a leader who is truly a leader he is highly intelligent probably among the most knowledgeable in the banking industry in the last fifty years and he's not an overly greedy individual either and yet. the parity for all banks is to make money and that is a good imperative we should understand it therefore and likely but affectively regulated ok and i think the biggest problem has been that we haven't had a secretary of the treasury who's understood that ok well it would be nice to have a secretary that doesn't work for goldman sachs in my opinion and if i can go back to you i mean what's wrong with asking for more transparency accountability and oversight i mean we can call it regulation but just more transparency in what people are doing i mean if we look at what's been going on i go ahead. i know again i don't work for a bank i can'

recent years robert i believe anybody is prayer is promoting the album relation well reply in san francisco samaras sure sam is from london and he's been reading the reactionary republican mantra on this matter the community reinvestment act had nothing to do with predatory lending nothing to do with it however it is true that big banks like countrywide game there's still and claimed that these predatory loans were eligible for the right we're almost out of time i want to give you the last word to educate you and to help me what do the banks need to do for us to like them again you got twenty seconds. well i mean i mean you mentioned for apple i mean everyone likes apple but apple the sales it doesn't bring the rest of the economy down to i mean that's something that i think you know the only reason that's the true about banks of the because the federal government got in got in bed with bags first of the federal reserve act second with the f.d.a. i see that i can thirty's and lastly with this. range of regulation the last few years and now we've essentially nationalize the banks. actually off the roof and o

well, first, sam, let me thank you. you, in particular, and interaction have been a great partner for the bank. and for all the people in the audience, i was reminded that i think i participated in this forum from london in a video conference a couple years ago. it's a great forum. and you've had as i understand it a very successful three days in terms of covering a wide variety of topics and from a brief exchange with sam, i had a sense in some ways what you've been discussing is a similar aspect what i would have been trying to do at the bank over the past five years, which is to see how the bank fits into a larger network or ecosystem of partners and how to leverage and draw from one another and sam has been extremely helpful in many different aspects. so thanks to you. i guess when i reflect on my tenure at the bank, i tend to think of three phases. it's been a busy five years, that's for sure. the world economy has been a little bit in turmoil. but the first part was the institution faced its own time of troubles a

sam ford is down there as well. he will bring us more coming up on abc7 news at 5:00 and 6:00.onstitution avenue opened up again this afternoon after a car flipped onto its side this morning. it was a one-vehicle accident this morning at 9:00. the driver had to be rescued from the car and was taken to the hospital with non-life- threatening injuries. d.c.'s major crash unit on the scene of an accident two hours ago at 17th and m strees. t. members of the national transportation safety board on the scene after two small planes collided in mid-air, killing two people. it happened yesterday afternoon at 4:00. now we know the identity of the pilot who survived the crash. we get the details from john gonzales. >> seconds after the planes collided in mid-air, t.r. corbin landed his plane on robert taylor's fra arm. >> severely damaged but mostly intact. grass and tree branches litter the inside. amateur video capture the second plane, a slightly larger plane about a mile away in a backyard involved in claims. ntsb investigators recovered the body of the passenger and pilot. the victi

bottom line for you as well, sam. how do you make money in this market?> bottom line, you don't sell in may and go away. you stay in stocks but remain defensive. that would add 400 basis points since 1990. >> all right. we'll leave it there. gentlemen, thank you so much. great to have you on the program. >> thank you. >>> we're going to go back to kale la tausche. we're getting more details on the facebook ipo and what that's going to look like. kayla? >> they are looking at a price range of 28 to $35 a share. that could raise up to $13.5 billion for the company. now, that is assuming 2.7 billion shares outstanding. that's about 200 million more than people have been estimating before as far as a fully diluted valuation. facebook plans to share 3 -- sorry. 337 million shares roughly of its class a common stock. 180 million will be primary and roughly 30.2 million are being sold by mark zuckerberg in the very first iteration of the s1 he will use that to pay a tax bill to convert those into shares. we're digging through what is a very big filing. we'll hav

. >> rose: and they had -- well sam at least had a huge personality. >> yes, owe are you are absolutely right. >> and so i went for susan and i wrote her this very impassioned letter from a 19-year-old boy in college i really want to interview you and interview you from my, for my school paper which i thought certainly they will run this interview but i never really checked with the student -- with the school paper, she agrees i ply to new york, she takes me to lunch and this is how my book opens, it is an incredible story this woman who i had loved and admired took me to lunch and did this interview, halfway through the interview, and i now know this because i have the whole thing on tape and i listened to it in writing this, i said to her, oh, by the way because now we are best friends, you know, i don't necessarily have the interview with the paper but i am sure they will run it. and the look on her face, and the publicist is sitting there who has gotten her into this mess and then of course i quickly retract and oh, no it is a guaranteed cover, and it is amazing i then talk about li

sam champion has been tracking the storm and, boy, this is a real rainmaker. >> with wind, as well. good morning. on our weekend rushes the beach, a dangerous memorial day weekend kind of killer and let's look and show you what's going on with this thing. as we watch this giant spiraling storm move inland, 12:10, four miles away from a hurricane, powerful, 20,000 to 30,000 without power. multiple inches of rain and also know there were some powerful thunderstorms kicking off around this thing. the rain in gold and wrapping all around so looking for storms and tornado watches and warnings and in the area and our ginger zee is standing right in the middle of it on jacksonville beach or as we like to call it, jack's beach. good morning, ginger. how are you. >> good morning, sam, good morning, everyone. jack's beach still has wind gusts up to 40 miles an hour. at one point it was up to 70 miles per hour, so this whole thing did its best, beryl, at trying to become a hurricane. but it did a great job at deleting half of memorial day weekend. beryl hit hard overnight. sweeping ashore and

. >> all is well for sam. >>> so another -- another story that we have, which is actually a pretty good. getting shipwrecked on an island, can you imagine? probably one of the scariest things. i don't know what i would wish for? >> a cooler full of beer and -- oh, that was the truth. funny how the truth comes out in a situation like that. >> you would save the sinking cooler before anything else probably, wouldn't you? >> we all have our priorities. come on. >> you would do pretty well on the island, and you would know the weather and know when it was safe. three fishermen didn't know the weather as well as you do, reynolds. they had to be resourceful. stranded for ten days after their boat capsized. stuck on banks island off central british columbia, and used their raft as shelter, pretty smart. and you know what they ate? >> seafood. seaweed and clams, which sound like it should be on the menu at a restaurant, especially if you are into sushi. they were seen by a sailor sailing north along the coast. a 70-year-old sailor, who saw them, picked them up. they are very fortunate. could ha

you're his ally. >> well, you know, i think sam's absolutely right when he said that allies, and myselfave pushed the president, have pushed the administration to come out in support of marriage equality. we've done that ongoingly and will continue to do that. not just to avoid the sort of antics that you saw over the last 24 hours. most recently with the white house press briefing. but for the substantive merits, and the message that it sends to people all across the country. and that is what i hope is not lost in the words of vice president biden yesterday. he said some very powerful things. he talked about being moved by the individual story of a couple that he met, and their children, and so substantively i think it makes a huge difference all across the country. and the circumstances of people's lives. i think it would certainly energize people out there, some segments of the electorate out there, and of course we're fighting, you know, in a number of states across the country to preserve marriage equality, and maryland, in washington, and of course, north carolina, and minneso min

it's overflowing. >>> sam, what's happening outside? >> well, you know, still got a little rain.'s still a little rain opinion wouldn't you say? where are you from. >> clifton? >> how long are you here for? >> for this show. >> we're going to keep drying off the stage. we're going to do this. yeah. we're standing in the rain, of course, we are. let's get to the boards. one or two things we want to show you. a live shot on new york city. that will show you the low ceiling and the rain in the area. quick look at the radar. that's why we were trying to time the back end of the rain so carefully. it looks like we're pulling that out of the way. we're in the lighter rain by 8:35. we're working on it. it's going to be close. 88 in memphis. birmingham, 90. houston at 84. all that summer-like heat makes a move to the north. but it doesn't get to chicagoland or washington, d.c. over the three-day period. we have some areas of rain isolated far south the metro area and exiting ♪ la plata. i think this is it for the rest of the day. isolated share o richmond this that may be it. degrees in

well into the 80' >> phoenix, 107 today. there's a quick look at the big board. all that weather brought to you by folger's. >> but samheat. >> inside justin bieber's surprise date at the billboard music awards, that was not selena. ( telephone rings ) hi, honey. how's the camping trip? well, kids had fun, but i think i slept on a rock. what are you doing? having coffee. ah, sounds good! i thought you'd say that. ah. ♪ the best part of wakin' up... ♪ you're the best! wake up to the mountain grown aroma of folgers. ♪ ... is folgers in your cup! more generations of fleas. frontline plus uses two ingredients. one to kill adult fleas and ticks. plus another to kill the next generation, flea eggs and larvae. ask your vet about frontline plus. a stevia leaf erased my fears. it made my willpower a super hero. as for calories, it has zero. twinkle twinkle truvia® star natural sweetness, i love just what you are. truvia. honestly sweet. ♪ ...you make a change with hellmann's. ♪ make parmesan-crusted chicken. ♪ surprisingly crispier... juicier... mmm. yummier. made with real simple ingredients. find this and other recipes at he

equalized after fourteen minutes to be not defending well then on the hour when designing christopher sam nodded in from a corner. to give angie to run late. and perhaps resign you actually wish you so in school she hammering strike a walking home i repeated from a tight angle hey i just i were minute to guy. before doing his customary police celebration the sitting side or up the face and what head into your routine genocide the russian cup final will face the nama this wednesday. so this is how the top of the table looks any champions any spark taki cling on to that second champions league spot but it's getting left by ts. that i could recline with and make like a ban on cheese day while the nama and i'm sure that you're right the league football next season. on the bottom half of the table terek beat em call three wanting to dive make the most go blonde. to get the ball rolling for the kitchen taking seven minutes in however it was an equalizer a couple of minutes later mark a black sheep following him from long range. put terry back in from my midwifery the first half and netted his s

well. >>> another one we love, we showed you sam before the break, he was rescued this week.e's ear rescue, listen to this. >> you got it, come on, bud. >> what is his name? >> sam. >> come on, sam. >> that's right. the six-year-old golden retriever ran for his freedom, he ran the wrong way and got swept away in a strong and chilly current. people were shouting to try to get him to come back and stay close, they followed him downstream you're watching it unfold, this is unbelievable, thankfully, manchester, new hampshire firefighters arrived, repelled down and look at that. >> i got to tell you, i feel this way i know you feel the same way we're both dog lovers, i would have jumped in after the dog. i would have. standing on the shore line, without question. scary thing, glad it had a good endi ending. >> never take the dog off the leash. >>> are you a basketball fan? >> indeed, absolutely. >> if you have been watching playoffs, how do you take it when your favorite team loses? it's tough. >> it can be tough, debilitati g debilitating. >> if philly fans of the 76ers kept thei