first up, gary shapiro, president and c.e.o. of the consumer electronic association and the man behind the largest tech show in the world, c.e.s., in las vegas. then i'll be joined by david pogue, technology columnist for the new york times and hosts of the upcoming four-part "nova" series here on pbs. we're glad you joined us. a look at technology in the 21st century coming up right now. >> all i know is his name is james, and he needs extra help with his reading. >> i am james. >> yes. >> to everyone making a difference, you help us all live better. >> nationwide insurance supports tavis smiley. with every question and every answer, nationwide is proud to join tavis to improve financial literacy and remove -- and improve the economic empowerment that comes with it. >> and by contributions to your pbs station from viewers like you. thank you. [captioning made possible by kcet public television] captioned by the national captioning institute --www.ncicap.org-- >> 30 years ago, we couldn't know that something called the internet

shapiro: the purpose of the smurrf is to treat dry weather runoff, which is coming from storm drains. dry-weather runoff occurs when people waste water through washing their cars in the street, hosing down sidewalks and parking lots, their irrigation systems overspray. narrator: in a city of 12 million people, those seemingly small bits of wasted water accumulate to enormous amounts. shapiro: so all that ends up in our streets, ends up in catch basins, storm drains, into our storm drain system, and for some of the city, parts of the city, it ends up here at smurrf. 350,000 gallons come here on a daily basis, producing recycled water, and that can be reused for landscape irrigation and indoor toilet flushing. the pumps can only handle so much water, which is generally when it's not rain, the dry-weather runoff, so if you get a storm of a decent size, the pumps will shut down automatically and the water will just continue to flow out into the ocean and it carries a lot of bacteria and people can get sick when they're swimming in the water near a flowing storm drain. everyone knows you d

that is to both you, chairwoman shapiro and mr. gensler with reference to the title seven that ll swaps with their squier were not are required to the swap data repository. i'd like to know what you're agencies are doing to ensure that the information being reported to the multiple suppositories is not so fragmented and ultimately allows an accurate and complete view of the market activity. one of the provisions of god for the lead -- dodd-frank allows the repository to provide electronic access to the commission for all of the swap data repository information and i am wondering if you consider that. you can tell me what we are doing on cybersecurity. >> certainly. i don't want to comment specifically on the asdaq matter which is obviously intensely under scrutiny by the regulators broadly but let me just say given the highly electronic nature of the markets and highly fragmented nature the financial and institutions broadly exchange and are having to face cybersecurity threats. we work very closely with the exchanges and have the

that is to oth you, chairwoman shapiro and mr. gensler with reference to the title seven that all swaps with their squier were not are required to the swap data repository. i'd like to know what you're agencies are doing tensure that the information being reported to the multiple suppositories is not so fragmented and ultimately allows anccurate and complete view of the market activity. one of the provisions of god for the lead -- dodd-frank allows the repository to provide electronic access to the commission for all of the swap data repository information and i am wondering if you consider that. you can tell me what ware doing on cybersecurity. >> certainly. i don't want to comment specifically on the nasdaq matter which is obviously intensely under scrutiny by the regulators broadly but let me just say given the highly electronic nature of the markets and highly fragmented nature the financl and institutions broadly exchange and are having to face cybersecurity threats. we work very closely with the changes and have the automate

and i would ask that to chairman shapiro. >> thank you. as i said earlier, the real impact of the continuing resolution on the sec are on the core mission. the devotee to hire the examiners to travon for the enforcement cases and most particularly and build the technology we need to do the job that's right in front of us at this moment putting dodd-frank aside and to think back to may 5th on the crash and how long it took after that to be able to generate the reports that gave the public an understanding of what happened on that day largely because we lack the technology capability to take in the kind of data and analyze it in a reasonable period of time. so for me, the budget impact as much or more right now to the core missions and to the dodd-frank limitation. once the rules are in effect and we would be very careful with how the sequence and implement their actual rules as the chairman said we will see comments on the industry about what's the right order, what do they need six months to be able to do because they have to build the sys

to my immediate left is jonathan shapiro, an attorney and former u.s.assistant attorney, who has spent the last several years and 10 season working on television dramas such as "the practice" and "boston legal." next to him we have jamie floyd. broadcast anger for network news. many of you know her from her daily live broadcast "the best defense. next is a local attorney who has handled a number of high-profile cases including a nationally publicized acquittals of actor robert blake and civil rights lawyer stephen bingham. to his left is a career public defender from washington state. she is a blunder and has her own -- blogger and has her own blog. so'. does the media contributes to a negative misconception of public defenders, and more broadly, criminal defense attorneys? >> no, thank you. [laughter] >> absolutely yes. i think for the most part, there is the lack of understanding on the part of the american public on more critical role of the public defender. it is laid down in our sixth amendment. we do not teach it properly in primary school educati

when i got to stand up and say jonathan shapiro on behalf of the united states of america -- and the defense lawyer had to say joe smith for this shmuck -- you get a sense that the system has bought into it. if you convict an innocent man, you have committed a far worse crime than any other crime because you have let the guilty party off scot-free. that is incorrect incredibly -- an incredibly important message. if anybody is waving the flag, it ought to be the public defender's office. their reluctance to do so, somehow, the sense that if they do so in will make them seem pro-government or some kind, i have never been able to fully grasp. >> let me ask a question. should we remake the image of the public defender in to the public crusader? is that what we want to do, do we need to, should we? >> i certainly think so. i bought into the public crusader thing when i was a child. ironically, here i am, not serving as a criminal defense attorney or public defender. i wanted to be a criminal defense attorney from the age of eight years old. i saw perry mason when i was a child. my father

and there were tragic consequences for elena shapiro.his is not murder. >> reporter: the jury began deliberations on friday. while lawyers for both sides debated the actual speed cook was traveling, crash witness described what she saw moments before impact. >> behind me i saw this car moving back and forth. came by me so fast that i cri e cringed because i feared for my life. >> reporter: of course it was the life of elena shapiro which was lost that night far from the stage where she dreamed of being a star. for "today," ron mott, nbc news, atlanta. >>> the jury will continue deliberating monday morning. and how for a check of the weather with bill karins outside on the plaza. >>> a little crisp and chilly here, but the storm that hit new england is gone. . let me take you through your day today and let you know what to expect or how to dress yourself as you go throughout the afternoon. the cold air this time of year pretty much a sure thing. but the southern half of the country is warming up. when you get the contrast, you'll get a st

. >> reporter: bill shapiro put together a book called "other people's love letters." >> i don't knowould possibly get rid of these. love letters are these totally biased time capsule where people remember you the way you want to be remembered. >> how could i not save something where somebody thought i was all of these things. there are times when i know i'm not these things. >> but when do you look at it? am i in new york on a business trip and do you think "this would be a good time." >> reporter: he made good points but i asked why he thought i should get rid of those letters. >> honestly, i kind of like you now so i don't care. ( laughter) >> reporter: what a great sport second only to my wife an andrea who has no problem with my collection but she got angry when i came home and accidentally called her allison. >> couric: but she now has the key to your heart, right, steve? >> reporter: she does. >> couric: that's the "cbs evening news," i'll see you tomorrow. good night. captioning sponsored by cbs captioned by media access group at wgbh access.wgbh.org captioned by media access

the talk of billions and trillions, we borrowed an idea from a computer programmer named matthias shapiro. >> this is the federal budget, about $100 in pennies. >> reporter: so we bought $100 worth of pennies and started to stack them until we got this, the $3.7 trillion budget. each one of these stacks of 5 pennies represents $2 billion. these pennies over here represent security and defense spending. this section right here, interest payments that have to be paid on all that debt we've been racking up, and this entire section of the table are so-called entitlements, things like social security and medicare, so is the president talking about cutting anything from any of that? the answer really is no. all the cuts are focused on this one section, which is everything else the government spends money on, everything from space exploration to building roads. >> it will mean cutting things that i care deeply about, for example, community action programs. >> reporter: how much would cutting community programs save? well, about one-third of one penny. there are some bigger cuts even to defense,

that is to both you, chairwoman shapiro and mr. gensler with reference to the title seven that all swaps with their squier were not are required to the swap data repository. i'd like to know what you're agencies are doing to ensure that the information being reported to the multiple suppositories is not so fragmented and ultimately allows an accurate and complete view of the market activity. one of the provisions of god for the lead -- dodd-frank allows the repository to provide electronic access to the commission for all of the swap data repository information and i am wondering if you consider that. you can tell me what we are doing on cybersecurity. >> certainly. i don't want to comment specifically on the nasdaq matter which is obviously intensely under scrutiny by the regulators broadly but let me just say given the highly electronic nature of the markets and highly fragmented nature the financial and institutions broadly exchange and are having to face cybersecurity threats. we work very closely with the exchanges and have th

adam shapiro is live in madison. [audio not understandable] [audio not understandable] [audio not understandable] >> we're having an audio issue. one last question -- [audio not understandable] >> there's another rally underway now -- the one you've been seeing all week long are the anti-walker supporters, labor supporters. they're rallying again. yesterday 35 to 45,000 people here, all labor supporters. today you'll have that many plus all the people in support of governor walker. a huge scene with both sides separated. but we are here from -- [not understandable] back to you. >> thank you. i know those are issues that we are watching closely here in california. thank you so much. >>> overnight the g.o.p. controlled house passed a spending bill that does make $60 billion in cuts. the bill was passed this morning and passed on party lines. several g.o.p. amendments are part of that bill, making it unlikely democrats in the senate will go along with the plan. president obama has also promised to veto this g.o.p. backe

shapiro spoke on behalf of his views which were in a nutshell-- and he reiterated hem-- that he sees no reason to have a cost versus benefit analysis, he thinks it's futile. meaning that no matter how much it costs, go ahead and do regulations. i would theme instead of the progressive witness that they had that they would have sensible groups that see an advantage to environmental progress while at the same time getting business progress. that win-win that we often look for but don't find in government but we find in the the private sector whenever possible. >> woodruff: it's mr. cummings view-- as i understand its that much of the current economic crisis is the result of inadequate regulation in the financial industry. do you share that view? >> well, i think two years after a financial meltdown, after trillions of dollars being put back in the economy, when we have corporate leaders who have over a trillion dollars sitting overseas in cash that won't bring it back because they don't have a place to invest it and don't want to pay the additional taxes, when we see lines of credit an

." >> president obama will hire karl shapiro, a professor of business and economics. he's currently on leave while working for the department of justice. >> construction is scheduled to start next week on the smart corridors project. it will allow officials to reroute traffic and help advisors to help gridlock. they say the $25 million state-funded project includes new cameras, electronic signs sensors on city streets around highway 101 in san mateo highway 380 and whipple avenue in redwood city. the work will begin in san mateo but the rest of the 14-mile project could face delays next month because of the state's budget crisis. >> for millions of people sleeping through the night is a struggle that can cause serious health problems. sleep apnea people stop breathing putting them at risk for memory problems. doctors are testing a new way to treat the disorder. carolyn johnson shows us. >> for peter helm falling into bed rarely meant falling asleep. at least not for long. >> terrible term. i thought it was insomnia. i tossed and turned. i took prescription meds. >> pe

shapiro, i agree that failed regulation caused a lot of jobs. how can better regulation cause a loss of jobs? can you discuss a little bit how better regulation can save jobs? >> effective regulation can promote capital formation, which is the creation of jobs. when companies feel they can go to the market and raise capital, stocks will be priced fairly. investors will have the opportunity to invest in their company and sell stock when there want to. it enables companies to raise the money necessary to create jobs. when investors have confidence in the soundness of our institutions. -- institutions, they have more success. there are studies that show they have intelligent regulation. it can actually lower the cost of capital for industry. >> i would say with respect to this study to which you alluded, it acknowledged that what it did was a quick and dirty economic assessment. the office of the survey and study did not have access to the data they need to give a more sophisticated response. they said, based on our survey, here is what we think ou

steven cook of the council on foreign relations joins us, then gary shapiro will talk about with the u.s. can improve innovation. and gretchen morgenson from "the new york times" on a recent article about fannie mae and freddie mac. this is "washington journal." >> what is clear and what i indicated tonight to president mubarak is my belief that an orderly transition must be meaningful, it must be peaceful, and it must begin now. [captioning performed by national captioning institute] [captions copyright national cable satellite corp. 2011] host: president obama speaking yesterday at the white house weighing in on the situation in egypt. welcome to "washington journal" this february 2, 2011. the latest news from the associated press says the egyptian military is calling for an end to more than a week of demonstrations demanding that mubarak step down immediately after nearly 30 years in power. last night the president of egypt says he would not seek office again but fell short of protesters hope that he will step down. looking at coverage at how editorial boards and pundits are waiti

i also am pleased to testify along with chairman shapiro and governor tarullo. president obama announced our nominations on the same day back in december 2008. i guess this is the first time we're appearing in public together at a hearing. but it reminds me, in 2008, the financial system and the financial regulatory system both failed the american public. it wasn't one or the other but i think it was in fact both. the effects of that crisis reverberated throughout the american and global economies. in the u.s., hundreds of billions of taxpayer dollars were put on line to bail out the financial system, ultimately to secure the american public's economy. but millions of jobs have been lost and are still lost. though the crisis has many causes the unregulated swaps market played a central role. congress i believe responded in passage of dodd-frank, specifically in title 7 to bring transparency and to lower risk in the swaps market. cftc is working closely with the sec, with other regulators to implement those futures. we're coordinating internationally and we've re

. >> the shapiro boys against the stephanopoulos girls. >>> tomorrow on "gma," america's favorite dadcereal change your life? i think it can. one of the challenges for kayla being gluten-free is actually finding choices the whole family will love. five flavors of chex are gluten-free, including the honey nut flavor, and that's amazing to a mom like me. as a parent you dot want to have to tell your kids "no" all the time. it's nice for me to be able to say "yes" to something th they want to eat. [ male announcer ] chex cereal. five flavors. gluten free. ♪ >>> developing news from san jose where firefighters remain at the scene of a fire involving a row of four-plexes. crews put out the fire at one of the four-unit buildings at blossomwood road. the fire started about an hour ago. no word what caused it or if there were any injuries. right now let's check with mike. sunny but plenty windy. >> still 30, 40 mph gusts. that's the big story. those are going to hang around during the daylight hours and ushering in cooler conditions upper 50s clear lake-. low to mid-60s the rest of us. tonigh

robert shapiro will be leading a robust question and answer session after his remarks. before he was in the white house, and he has taken leave from the brookings institution to take the original position the hat and was just given the title of principal deputy director of the economic council, he is the most senior economist in the whole unit in addition to being a very thoughtful political interpreter. he was a senior fellow in economic studies at brookings and began his career during the clinton administration as staff economist for the council of economic adviser and a assistant to the president. he was a senior adviser to the chief economist and senior vice president of the world bank. he worked as a visiting scholar at nyu, yale, columbia and a senior fellow at the center for budget and policy priorities at brookings. he has conducted research in a wide range of areas, including fiscal policy, tax policy, social security and monetary policy. he is published in a number of scholarly journals and popular publications. he edited to economic policy books. he earned hi

after that, gary shapiro will talk about the ways the u.s. can improve innovation. gretchen morgenson of "the new york times" on her recent article on freddie mae and fannie mac. that is hear on c-span. this week, a federal judge in florida ruled the new health care law is unconstitutional. the senate judiciary committee will examine the legality of the old law. we will hear from two former solicitors general. live coverage begins at 10:00 a.m. eastern. >> there is no other way forward. we have to learn to work together as californians first, members of a political party second. >> today, step by step, we're putting ourselves on a better, more sustainable path, and pushing ahead on the road to growth. >> find and watching this year's state of the state addresses as well as inaugurals online at the c-span video library. search, watch, and share with every program since 1987. >> egyptian president hosni mubarak said he will not seek reelection this fall. this comes after a week of anti- government protests. mr. mubarak has ruled the country for nearly 30 years. he was

miss shapiro. >> chairman johnson, ranking member shelby and members of the committee. thank you for the opportunity to testify today on behalf of the securities & exchange commission regarding implementation of the dodd-frank wall street reform and consumer protection act. the act is intended to fill a number of significant regulatory gaps, bring greater public transparency and market accountability to the financial system and give the sec important tools which to better protect investors. it also assigns the sec for new authority over over-the-counter derivatives, hedge funds and credit rating agencies among others. to respond we brought together experts from across the agency creating cross disciplinary teams to draft rules and conduct the required studies. we put in place to insure maximum input from the public and highly transparent process. we continue to consult frequently with our fellow regulators, domestic little an internationally. we have made significant progress to date. the commission has issued 25 proposed rule releases, seven final rule releases and two