contra c contrara-sweet wants to become the new sba. >> we're tout there become the new sba, smart, boldcessible, to make sure we're using smart systems to deploy the technology that's available today. to make our interface with the banks easier so we have a quick interface with their client. we're acting on bolder initiatives. we're looking for ways to make new market communities. >> it's time to answer some of your business questions. let's get our board of directors in here to help us out. the co-founder of the largest platform where she's now chief investment officer and jen groosher is best known for creating the butler bag as well as her lifestyle brand em foured by jen gruber. the first is about employees who remote completely. >> my question is to best recruit and retain employees when you have no physical presence with them in the city? which they're working. >> i think this is a great question. i am in favor of employees working in the office if they can, but there are some cases where you need an employ in a different city. >> and there's some cases where when you're looking f

kennedy school of government focused on competitiveness, entrepreneurship and innovation and was the sbaistrator from 2009 to 2013. so great to see you. > great to be back here to see you. >> congratulations on the new job. >> thank you. >> okay, let's talk about this small business lending. so if you look at lending, lending to big business has recovered somewhat but small business, according to the fdic is still at prerecession levels. what's going on? >> we have a recovery but it's not even and small business once again is lagging. and you know because you and i talked all during the years of the recession that small business got hit extra hard in a financial crisis like the one we had, small businesses just got crushed. and we did a lot of things when i was at the sba to help them, but now when i look at it from a position at harvard business school and really take apart the data, they aren't fully recovered. so what's to be done about it? well, it turns out that some of the pressures are what we call structural. they're not going to change. community banks which really have been the

although it was not intent the process is a little unfair and it does not make any sense for larger sba, lbe firms to receive preference points when assembling their teams but as a smaller lbe within the lbe ordinance, 14 b, we don't get any preference points. so, the result is that when as i, or as the managing partner of our joint venture, when i go out to put together a competitive team with some of these larger firms, and some of them outside of the city, they come to us and they say, well we go to them and they say to us, well, you don't bring anything to us and we say that we have eleven years with this experience with this contract. but you don't bring me points, no we don't bring points, do you fall in the category of a larger firm, no we are too small for that, well we can't use you, we have contracts like the city of san francisco, all over the world and we will wow them with what they are able to do and we don't need your local experience. that effectively is the impact to us and i know that there are changes under way, for 14 b that will help this, but it does not help us ri

there's bootstrapping, then maybe you have friends and family and then you get into loans, sba loans,angel investing and adventure capitalists. it depends on the size of your company and where you are in your growth strategy. you don't want to go from microfinance and you go step-by-step through that process as you grow. as you grow, a lot of different options available to you. you don't have it go from one to the other. >> next up, a question about mobile engagement. what mobile conversion strategies are working the best? i'm getting a lot of traffic to my website that is mobile and the percentage is going up every month. >> i'll tell you my favorite mobile strategy right now. this came from a digital advertising executive that i was speaking with and i was talking about doing a text campaign or something like that with somebody and she said click to call is the best thing you can do if you have any kind of mobile strategy. so, if you think about someone who is on their mobile phone. they're probably ready to buy. they're someone different than at a desk top. if someone does a search

an sba loan. >> it is tough to get along. charles: i hate that. it would give you a loan when you don't need the ney. >> second of per for a hundred and $50 a less. charles: "no payne, no gn" is coming up next. before that 100 percent of california in and arond. you are going t be outraged at who gets the fresh water fore human beings. the ultimate policy of misfortun. we will be right back. when folks think about what they get from alaska, they think salmon anenergy. but the energy bp produces up here creates something else as well: jobs all over america. gineering and innovation jobs. advanced safety systems & technology. shipping and manufacturing. across the united states, bp supports more than a quarter llion jobs. when we set up operation in one part of the country, people in other parts go to work. that's not coincidence. it's one more part of our commitment to america. ♪ charles: all right. let's sp and blow the whistle. let's open up. somhing rely great to discuss. there are wrong reaso i kno you heard about it because it covers 100 perce

an sba loan. >> it is tough toget al. c iat t. itoulveou aan nyoun'need ndd als.i e t 0rc fe hun s. etmapoco etmapoco we wleba. yo my iendre a master of versification. who would ha thought three cheese lasagna would go with chocolate cake and ceviche? the same guy who thought that small caps and bond funds would go with a merging markets. it's erpi th now what's our strategy with the fondue? diversifying your portfolio? e*trade gives you the tools and resources to get it right. are you type e*? over 12,000 financial advisors. good, good. things? nearly $800 billion dollars in assets under care. let me just put this away. how did edward jones get so big? could you teach our kids that trick? by not acting that way. ok, last quarter... it's how edward jones makes sense of investing. ♪ ♪ charles: all right. let's stop and blow the whistle. let's open up. something really great to discuss. there are wrong reasons. i know you heard about it because it covers 100 percent of the state and has become a huge political hot potato. as usual there are opportunists with agendas

when voska's organization gathered information on the sba notch, seven ties or economic warfare activitieser to organization known as what we know as mi-6. also to the providence, rhode island journal. in theme, organization past things onto the justice department bureau investigation and some of the newspapers as well. the organization sources were primarily ethnic czechoslovakian's and people who would become as yugoslavs. the people who held official positions in the empire. his group had four different penetrations into the office of the consulate general in new york. required extensive communication with fellow revolutionaries back in auster-hungary -- austria-hungary. when the united states entered the war, domestic operations were turned over to the u.s. government. the head of the military intelligence division thought this was a fabulous idea. secretary of war was rather less enthused because his concern was much of what voska wanted to do when europe was to cause disturbances within the enemy territory which are the secretary noted was the kind of thing president woodrow wilson s

. >> we basically self-funded with a small sba loan.ted to make sure we didn't have outside interruption. it was exciting. >> it was like this is it. >> we were out in our car selling every day. >> we used to knock on doors. i'm glen lewis, vice president of sales. they are like can you do that? >> we went from a very small loyal following that would come in here and buy a couple bottles to go and now they can do a tour and learn about the beer. it is great to see people supporting us. i don't think i expected to get that kind of crowd. >> we have a very good relationship with our customers. >> it sounds cliche but i don't feel like i have been working. >> he jokes more and smiles more. >> after i stopped working on wall street there wasn't a single day i was like i wish i was back sitting in a cube. >> kane is producing. back to the developing story we have been following all hour. markets near session lows. we were within a hearehare's br of being down double digits. we are back at the high of the day for yields. 2.611% on the ten yea

the sba has launched a campaign to help doctors spot fake and unapproved drugs.ncluding both talks and cancer drugs and discount rates. botox >> pam: do drugs are often coming from overseas. the counterfeit drugs have shown up and the u.s. clinic and hospitals. since 2012. it happened three times and counterfeit drug was given to patients. >> pam: award winning singer and songwriter bob dylan is the recording industry% of the year. the 2015 music here honored comes from the foundation of the folks who bring us the grammy award. he is 73 years old now and is credited with changing rock and roll with such songs as blowing in the wind and they are a changing. he will be honored at a tribute and every two days before the grimy old. >>> kris and bruce saying i don't. is the there a reality couple cursed? ...we need to break up. is it the biting? cuz i can stop? no! i love you and your show. it's cable. customers are more satisfied with u-verse. switch and we can stay together forever. forever? ow. i'm not gonna lie to you. it's also the biting. break up with cable. ch

so, the first day i bought the plant with sba loan, small business administration was august 15, 2005nd i have the cemeteries, waters are dripping and i hired five people of the 55 kraft let go. there was a bar across the street, people coming to the bar was bikers. i had only seen them on movies and it was scary. when i saw them -- >> hamdi, come on over. >> if i had seen them before i probably wouldn't buy it. but that was the first day. five people and me and, i could not describe how scary it was and how lost i was. and everything that the attorney said, it was true at that moment. i did something really, really crazy and i didn't know what i was going to do next. my first board meeting with the five people, and they were factory people. mike, rich, maria, myself, and frank. they said what are we going to do next? and first thing that i recognized from the picture when i when there first time is the wall outside. it was white, maybe 15 years ago. no longer, it was horrible. go to the ace store and let's grab some white paint and let's paint these walls. and mike said, he was retir