after he retired, schroeder had a new job: chairman of the pipeline's consortium. >> gerhard schroeder epitomizes the scandal in germany. and to put it mildly, he didn't seem to be very bothered about avoiding the appearance of impropriety. >> ♪ i found my thrill on blueberry hill... ♪ >> narrator: in his early days in office, putin went on a charm offensive towards the west. >> ♪ ...when i found you. ♪ >> narrator: president bush famously looked into putin's eyes and saw his soul. he believed he was "committed to the best interests of his country." >> putin was trained in the kgb to deceive foreigners. he has a very sharp eye for human weakness. he's good at persuading people and at intimidating them, and he's been doing this with western leaders, sometimes with charm, sometimes with threats, but boy, does he do it. >> ♪ love's sweet melody... ♪ >> narrator: early on, british prime minister tony blair was charmed by him, and as with germany, their two economies would become even more entangled. london's financial center was a city enchanted by russian money. these were the years of hi

and, so at that time, i had the opportunity on staff, assistant steve robert schroeder. i read some of his work before. he happened to be assigned to headquarters and i gave him very little direction. he came into my office. robert, i read some of the stuff you had published and i have a favor to ask. this was by the way he wasn't going to be pulled from all of his other assignments this is other duties as assigned. don't let the stuff you're soesed to do is slip but what i need you to do is tell our story. he said okay. who is the audience? i will make it easy. it is for everybody. it is for internal consumption within the first line supervisors to the border patrol agents just graduating from the academy to the chief patrol agents out there in the largest sectors we have. it is for people up on the hill. anybody interested in understanding what we're doing. and he kind of gave me a stare. that is very difficult to do. by the way, we want it short. so if you will mark twain chief, this would have made this longer but i didn't have enough time right? sew had a very, and

the ibm cfo martin schroeder speaking about what's happening overall with the company. they did talk a little bit about what they are devoting resources to, how 2014 was a transitional year, if you will, under the ceo so martin schroeder talking a little bit and take a listen to what he's saying about where they are devoting some of their resources in this coming year? >> we're continuing to invest and both offerings and operational capabilities. that includes targeted investments in mobility, security and cloud which complement our client's systems of record as well as operational improvements such as the savings yield from the rebalancing action we took earlier this year and more broadly deployed automation in the delivery centers. >> now, ibm also highlights this idea that those growth strategic imperatives, things like cloud, business analytics, mobile, cyber security, now represent about 27% of total ibm sales so they are trying to migrate into these higher margin businesses. this is on the heels of them reporting an earnings per share number that actually beat exp

schroeder, i have a question about the risk-based stralt jitegy you outlined in your three articles.d in your remarks just now that it's not a resource strategy because throwing resources at this set of challenges won't necessarily lead to the outcome we're ÷4o$jt to pursue. can you talk a little bit about the risk-based strategy its limitations? you mentioned also there is no panacea or silver bullet short-term fix, that this is the longer term strategy. there are gaps there will be vulnerabilities. so how does one think about a risk-based strategy? how does one wrap one's head around the idea that there will be gaps and, you know, eventually we'll try to address those gaps, but first things first. what's the strategy? >> situational awareness, b gz a-number 1. the resource-based strategy we talked about, through resources at the border are based on activity levels. in the article we talked about the deployment of the international space station. i wanted to draw real world parallels to what was going on and what we were doing. this space station was designed in certain areas thicke

investors were looking to see what happens in 2015 and schroeder did not give that. they given eps guidance for the year the range about right at the below and. investors want to hear more. now, they are stuck waiting for this investor conference in february. ibm is kicking the can down the road. >> i was struck by some comments in the third quarter when they said the software sales some execution issues, but next quarter, they should close. software sales were week. what were the biggest weaknesses? >> we saw a revenue decline across all major businesses and all geographies. it seems like where they need to bring things forward is this software division. what they are really struggling through is taking these legacy offerings they have and either updating them, retooling them or introducing new things delivered over the cloud. these clouded delivered products can push down margins. they're giving customers more flexibility. that means they're not paying that hundred million or whatever the number is up front. they're able to gain what they need, which could mean buy

i have andy schroeder with me. forget what it is going to do for the markets.s this going to work? >> it will -- i think more relevant news this can have on the consumer psychology and investment psychology. if people think that something is being done, that then gets people away from the here, we're in a crisis. we just need to hunker down. panic. when politicians are not panicking, everyone else can stop panicking. >> in the innation/deflation world, why do you like gold? >> one of the big arguments against gold is it doesn't pay you a return. it actually costs you money to keep it in storage. well now we have got negative interest in the euro-zone switzerland, government bonds across a whole variety of countries out two to three years. the argument against holding gold now holds a lot less water. gold is the one kind of asset that governments really can't manipulate. it is an insurance policy. if something goes very badly wrong, gold is going to be there and you'll have it a stable asset through the crisis. would i put all of my assets into gold? no. absolut

. >>> we'll then hear from robert schroeder who is hol e holding the line in the 21est century. the three articles that were featured for which they are happen e hard copied is done another the rej sfrags table. one of the articles focuses on the strategic revolution one on metrics and risk indicators. currently, agent schroeder is on capitol hill where his colleagues surely benefit from his years of experience. he he's also commanded near the international border. after our two guests speak, i plan to ask a kwuquestions and then ask for questions from the audience. thank you for agreeing to share your thoughts today. and i look forward to hearing you speak. >> thank you, stephanie. this is, indeed, a unique opportunity for me. but, first and foremost, to you, your dedication to mission and the fact that you are actually here given this weather, does wonders for my heart. so thank you very much. mplts >>> i'm going to take you back to may, 2010. generally, when you're new i was, first week as the chief getting a call to go to the commissioner's office is problem li not a good th

both chief fisher and assistant chief schroeder. thank you so much for joining us and sharing your insights and you're welcome back any time. please, everyone, join me in thanking our guests. >>> tonight on c-span 3, a discussion about the legality of regulations limiting campaign fund raising by judicial candidates. then the inauguration ceremony for massachusetts governor charlie baker. president obama visits phoenix to talk about home ownership followed by a discussion about religion and the free market. on january 20th the supreme court will hear oral arguments in a case challenging restrictions on judicial candidates directly soliciting campaign contributions. legal analysts discuss the pending case and judicial elections at the national press club in washington, d.c. this is an hour and ten minutes. >> good morning, everyone. the timetable this morning is pretty tight. we want to be able to give a lot of time for questions. and so we're going to begin our presentation to you this morning. my name is andrew coen. i'm a fellow a

. >> hi, congressman van hollen, rob schroeder from market watch. just wanted to ask about the financial fee. what transactions in particular would this apply to? would it just be stocks? would it be retail investors? and can you talk about the timing? why now? you mentioned the market's up. >> sure. well, this is, this would apply in secondary markets, it would apply to, yes, stock trades. as i indicated, we already have a very small fee on stock trades to help fund securities and exchange commission. and the u.k. already has a 50-basis-point fee on stock trades. what this proposes is a fee one-fifth that size, right? one-fifth of what the u.k. has on stocks, but on a broader range of market trading. so in equities, in derivatives. which really matches the kind of approach that the european union is looking at. so if you take a look at what the e.u. is currently looking at, we intend to work with them and in concert with them and other major markets to address that issue and address, you know, the argument that if you do it unilaterally, the trades

i do want to thank our guests here on the dais with me, both chief fisher and assistant chief schroederthank you so much for joining us. and for sharing your insights and you're welcome back any time. please everyone join me in thanking our guests. >>> and live now to the ray burn house office building on capitol hill where today the house foreign affairs committee is holding a threat assessment hearing on north korea. state, treasury and homeland security department officials are expected to testify. the committee chair is ed royce, republican of california. and democrat eliot engel of new york is ranking member. this should get under way in just a couple of moments. live coverage here on c-span3.Ñi >>> again we're live here on c-span3 this morning, with the house foreign affairs committee holding a threat assessment hearing on north korea. we'll hear from state and treasury and homeland security department officials this morning. the committee chair is ed royce of california. that is one reason the hearing is a little bit delayed in getting under way. he is not in the room as of yet.