sherman do, you consider we have merit regulation here for federal securities laws? >> no, i don't think so. and that's very important. having seen a lot of other countries, particularly in asia, they give investors much less information, and instead rely on metrics such as has the company earned a profit for the last three years, and if not, you can't go public. and it closes out a lot of good companies, and yet doesn't improve pricing because people don't have enough information to judge. so i think a strength of the u.s. is that we do have disclosure and not merit. >> and because of that, there is a strong emphasis on very thorough disclosure. and as mr. trotter points out, it leads to long prospectuses. but my feeling, and i'll ask both you and ms. buyer, these perspectives are read very closely by very sophisticated institutional investors, so the information is not gratuitous or ignored. frankly, if i was presented 200 pages, i would quickly -- evelyn wood would be proud of me. but when you have these road shows, when you have this process of iteration that the

joining me now is jake sherman. how do the leaders explain doing nothing all summer?the issue is simple. they think they are far too far apart from president obama on taxes on entitlements and spending. these are very real issues. taxes will go up on every american. they will pass bills and as we have seen over the last day or two, the president does not seem willing to raise taxes on the highest earners. they are going to do some stuff, but nothing that is going to be law and they decide these things get in the lame luck powers. mitt romney said he didn't want anything on the lame duck to president obama. >> it becomes a serious issue. it's a very sticky issue and they have to figure out a way to deal with the taxes and across the board defense cuts at the end of the year going into effect for the military. that's a huge thing for contractors and businesses and the military. they will have to find a way if mitt romney wins, the likelihood is they do something temporary, but this is not going to be easy. both jane boehner and eric kantor said there is not a lot of tim

sherman badgett. >> i know i'm a good kid. i do what i got to do.o to school, had a job out there, take care of my family. >> he was arrested as a high school student and has been detained without bail at nashua street for nearly a year while he awaits trial. >> never thought i'd be in a position like this. i missed a lot. i missed a lot. my girl's birthday, my mother's birthday, grandmother's birthday. i'm about to miss everything. >> if convicted, badgett faces a 25 to life sentence on a charge of first-degree murder. he has pled not guilty. >> sherman badgett is torn between two worlds. do i want to do the right thing? do i want to excel academically? make my family proud? or do i want to do what my peers are doing in the neighborhood? what's right and what's wrong? he seems conflicted between the two worlds. >> badgett is accused of shooting and killing another student during a high school dance. he denies being the shooter. >> fight broke out, somebody was waving a gun in the gym. basically everybody started running from the gym. then you hear

sherman, do we have regulation for securities laws? >> no.s important, particularly in asia, they give investors much less information and instead rely on the profits from the company over the last three years, and if not, you can't go public. that closes out a lot of good companies, but yet improves prices because people don't have the information to judge. the strength of the u.s. is we have disclosure and not merit. >> and because of that, there is a strong emphasis on very thorough disclosure, and as mr. trotter points out, it leads to long perspectives, but my feeling, and i'll ask you and ms. buyer, the perspectives are read closely by very sophisticated investors and the information is not just gratuitous or ignored, and if i was presented 200 pages i would quickly, evelyn wood would be proud of me, but when you have these road shows, when you have the process of reiteration that prospectuses are assumed. >> you get more information with a company's ipo than at any other time. there's so much in the prospectus. you go through the risk

do not. >> her youngest is about to enter third grade at sherman elementary. while adding to gives to her daughter's class does not sound like much she believes a little girl will feel the impact. >> that means the teacher will have less time to feed her. even adding a kid were to take away the time. the kids who are pretty self-sufficient continue to be self-sufficient and maybe do not get an extra edge to challenge him. the kids who are struggling tend to be the ones who'll get more attention because it is noticeable. >> despite cuts to education, california high- school students are performing a bit better. >> we are seeing a little sliver of fog along the coastline. the fog is expected to redevelop more extensively to the overnight hours. -average today were warmer under sunny skies. as we move into the overnight hours, the fog is expected to redevelop close to the clothesline. mild-warm weather through friday with cooler weather this weekend. let's take a look at temperatures tomorrow afternoon. fall along the coastline, the temperatures in the '60s. a ra

sherman. obama had verbally. will this make a difference? will this make any kind of impact? >> you do not want the narrative to slip away. things of that nature stick with you and the become campaign ads in the fall. the narrative could switch quickly and mitt romney could have a bad week. >> i am sure the of volek campaign wants to stop it before it gets to that point. they are pouncing on their marks about the economy. >> obama came out right away and reversed what he said. hours later and reversed his talking point. the romney campaign is all over it. circuits -- circuits are out there. very reminiscent of john mccain in 2008 when he said the fundamentals are sound. trying to take advantage of it. nothing obama's campaign will lead to a gun. gregg sheppard republicans say the white house leaked this generation. the this come back to hurt him even though the white house is denying this? >> the president has to forcefully -- say the intervention did not come from the white house. it wanted a way -- and they want to take away a strong point. he has been good on national security. kill

brad sherman and one half of berm an sherman, the epic battle of southern california. what doou think of this new primary system and if you win you love it, if you lose, you hate it. >> it's good for governing and bad for elections and bad for politicians. i won in june and i would assume have that be decisive, but we have the expense of doing it again months from now. i like the idea that this decision which will determine who represents the west san fernando valley for decades to come will be made by over 300,000 voters voting in november. it would have been made by maybe 70 or 80,000 people voting in the democratic primary in june. every kind of voter, democrat, republican, independent, and even those who vote only in november ought to be part of this important decision. >> what's your appeal to republican voters? what do you say to the -- this is a district they think will have about a third of the voters be republican at end of the day. somewhere between 28 and 35% depending on the turn out. what do you say to them? >> first i say the same thing i say to everyone in the s

sherman, you point out that in other countries that the retail discern what that means. >> you pointed out in other countries that the retail investors do not engage themselves in the price discovery and price recovery and that's stricted to, i presume from your comments, that model is an appropriate way to set prices. many have a specific way in which they can buy at the same price. can you comment about how effective and successful that is? is that something that we should look at in terms of our approach to ipos? >> i'd like to see it considered here especially for larger offerings. a lot of the smaller ones are offered. i tried to talk facebook into doing this. that way every one has an equal chance to participate. when i lived in hong kong, i went and placed orders. all you need was a hong kong i.d. number. everyone had an equal chance. the problem with auctions is when you get, retail demand is uncertain. you can get them pushing the price up and people lose money and the retail go away again because they're scared of the process. there needs to be some coordination. we can open up allocations and give everyone a chance without di

sherman tank. and then you can't leave out do punch becaudupont because when manhattan project organizers realized they would take laboratory experiments of splitting the atom and tearing these into theoretical calculations into experiments into real industrial production, one company they turned to automatically was dupont. dupont engineers were used to handling hazardous substances. they were used to construction under very tight schedule. the army used them to build gunpowder plants the dupont takes on the job of creating industrial process that never existed and they do ohrid and tennessee and enormous facilities in hanford, washington where it would be processed for the atomic bomb in nagasaki. this is the process that set in motion. through the top prime contractors to the subcontractors on to the rest of the american economy and industry that gets under way. by the time of pearl harbor wartime production has gone from a standing start to approaching that of nazi germany. by the end of 1942 when the effort really gets going with full conversion of the automobile industry over wartime product

mike sherman joins us with more >> the city vowed to restore pier 29 to its original historic grandeur and to do before the america's cup crowds packed the city crews today finished the job at the fire started last night, knocking down what was left of the facade. inspectors determined that the back part of the pierre did not suffered structural damage and is not under any fear of collapse. we were led inside and despite a smoky smell it looked ok. damage estimates but it just north of $2 million. the cause of the fire is either electrical or from workers who were in the building >> we're working very hard to make sure san francisco's waterfront looks great. >> pier 29 was going to be either a food court or a parking office space. it should be backed by showtime for america's cup. america's cup has really been snake bitten. you consider that the land deal did not go through, they had to cut the number of boats that are coming, the crowd estimate is way down and now the fire, what can happen next? we don't really want to know and we hope everything goes as well as a can for the next 12 months. >>

doing that. that immediately helps the cause of the republicans. far more importantly, september 27bd, william t. sherman wires atlanta is ours and fairly won. it is as though sherman had disappeared in georgia since early early may and they had been fighting outside, of course, of the capitol -- or over atlanta for over a month. and finally, once he cut the railroads rksz john hood had to retreat. this is critical and turning. at the same time, grant decides, okay, we have to do something finally with sheridan, if you will. so grant travels to the valley. he arrives there. they meet in charlestown. the house where they met was standing a few years ago near the casino. they met in the house and then out in the yard. grant came with the ideas, well, he let sheridan talk outlined an offensive campaign and told sheridan, go in. and they designated september 19th, 1864. up until that point, he operated with gradablety. he's out numbers, but he had acted aggressively in sense he tried to cover the number of troops he had by, you know, putting pressure on the federal skirmishing with him engaging them. it was

but first let's take a look at some individual shermans on the bisects nationally most of the blue chips i don't particularly well we have financials doing great we have to get it over two and a half percent car maker off devices going over half a percent and that's despite news that its sales plunged. in the first half of the year and then of course we have gas from which is gaining over one and a half percent and in fact the general annual general meeting is taking place right now we know details from that and that's that it's two thousand of a net profit more than doubled reaching a record twenty seven billion dollars also gas from ensure that in the few days it will come up with new conditions regarding the stock project in the back and c.n.n. also the shareholders of the world's biggest company. like the company's board members and approve major deals and of course we'll be talking about dividends decide how high they will be and before that they'll be. record high this year in fact well let's take a look at oil. from strength to strength rebounded from their lowest close in almost nine months. and bright which is of course every le

sherman got thad by ruling right yesterday. >> and on television. >> i was just going to say,ç y didn't do it. >> he was right and bush v.esterday. and a couple other cable outlets who we shall not name but you can look, got it wrong. >> to all of our banner writers, don't think what you are doing is not important and doesn't impact things. that's it for this edition of the daily run down. when we come back it's chris jansing. bye-bye. >>> time for your weekend forecast. no surprise, it's going to be very hot. starting with friday afternoon, 90s and 100s just about everywhere. except the only exception is the west coast. still cool in places like seattle. 100s from atlanta to d.c. mid-to upper 90s in many areas of the midwest. stay cool this weekend. [ male announcer ] should've used roundup. it kills weeds to the root, so they don't come back. roundup. no root. no weed. no problem. roundup. why let constipation stry miralax.? mirlax works differently than other laxatives. it draws water into your colon to unblock your system naturally. don't wait to feel great. miralax. you won't just find us online, you'll also find us

after the great crash do you think that this might actually have a favorable outcome that it might get so bad that people just go whoa you know this is toxic it's time for a new sherman act it's time for a new tillman act it's time for a new new deal well if you look at the progressive era the first progressive era it came about through lots of muckraking journalism it came through big scandals that made people really understand the fundamental problems in our democracy look at teapot dome or look at watergate of the every time we've had. a watershed moment moment where congress actually snaps out of it and passes laws to restore our democracy it's come about because of scandal and republic reports obviously investigating things but i can't predict any future reform movement without. some of these issues becoming more animated for the voters. fox news just ran a four minute spot against the president haven't they jumped the shark. well you know that this is part of a bigger trend you have. big media being consolidated under big corporations and you know it's being it's become very difficult for regular people get their voices heard and when you have companies that ha

do you believe, seven rbi in the series. diamondbacks finish off the sweep 4-3. >>> college baseball. super regional in tallahassee. stanford/florida state. sherman, three-run shot, 6-0 seminoles. it was 10-2. cardinal cut it to 10-6. then the wheels surely came off in the eighth. seth miller, a grand slam. how about 18-7, florida state on to the college world series, stanford's season is over. >>> final tune-up for the u.s. open in san francisco. this the st. jude classic in memphis. dustin johnson had the flat stick working all day long. the birdie on 17. and then taps in for par on 18 to cap off a 4 under 66 sunday and his sixth career title. and of course the u.s. open does start this thursday. all four rounds on nbc bay area. complete coverage every night at 6:00 and 10:30 on "sportsnet central." "chronicle live" from the course wednesday. a big week for golf on the bay area. >>> french open final, rafael nadal and djokovic postponed by weather. be up 4:00 a.m. to see the conclusion of that match on the nbc sports network. >> we should just stay up rather than going to bed and getting back up again. >> that's a fair point. >>> thanks for wat

sherman, politico a's report joining us. this is the second time he has this little gaffe. do you think this will hurt the obama administration? >> it's not going to hurt them in a real sense, but the problem is republicans have seized on this comment. it came out of clinton's mouth and they talked about it on capitol hill. president clinton says there's a huge mes of fiscal year at the end of the year. republicans and democrats on capitol hill away p from the election are already positioning themselves for it. to the extent that clinton has already come out and said this it, even though he's retracted that, quote lingers throughout. for a campaign to have a prominent figure like president clinton saying things like this is a problem. >> there's some conspiracy theorist out there that believe this is not aa mistake. perhaps he's doing this on purpose to get back for that contentious 2008 race with his wife. what do you make of that? >> you got to love the conspiracy theorist, but he's done a ton of events for president obama. he was in new york with with president obama this w

do. >> thank you. good to have yoo. congressman. >> thank you mr. sherman. i'm delighted to be here and i must quickly say as the head of the resources of the future it's an independent think tank non-partisan hmong lobbying organization and the people are a lot smarter than i am was a these are strictly my comments from my experience in a variety of commissions as well as here in the house of representatives. really quickly my time is contextual things about where we are in the public policy on energy as well as where the markets are this committee is way ahead on these issues and this is not particularly relevant to think it's important to the public discussion we try to get a better perspective on what really goes on with energy policy and our markets. let me say obviously as everyone here knows energy is absolutely essentials to our modern economy and to any economic growth that we want to have it also has implications for the national security and consequences for health, safety and the environment and our practical problems there is no policy or set of

do you mean. >> we're not going to see them a lot together as our jake sherman said, take a picture of them yesterdayhe video because they're going to be going on different paths now. speaker boehner's priority, keep a house republican majority. he's more oriented to firing up conservatives who will turn out in his republican house districts where mitt romney will be focused on the middle. now, the significance of yesterday's event is it's another sign that conservatives are accepting not embracing, but accepting mitt romney as one of them. so, as we talked to the most conservative conservatives in the country, they're still not wild about mitt. i don't think they ever will be. but there's not this sort of peanut gallery or drag against him that we thought there might be. so mitt romney heads into the summer, with conservatives behind him. >> what are the perils for mitt romney on the other side? he's had already the ryan/romney budget, the ryan/romney wing of the republican party strung around his neck. he wants to distance himself a little bit and play to the middle. >> that's a good point. he's go

you can't do that if you don't realize the differences that come in indian people and that is the starting place. >> thank you. >> the gentleman from american samoa. >> thank you mr. sherman and i want to commend you via the ranking member for calling this hearing this afternoon. especially, i want to congratulate our colleague from the mexico now that he's being selected as this important subcommittee the gentleman from new mexico. thank you for calling this hearing. i ask unanimous consent that my opening record be made part of the record. >> mr. chairman, this is not a new issue as you know we have been through this play a number of years. when he was a member of this jury committee before he went on to become the united states senator i think the understanding of the institution in terms of the treatment of native american people's mr. sherman you probably more than anybody in this committee and in this congress understands and appreciates the problems that the native american communities have had to endure and to go through as part of the history of the country. it's interesting to know, mr. chairman, the first national policy was to kill the indians. the only indian

sherman and howard berman. both are popular enough to likely get enough votes to both move on and do this again in november.crat pascaral going up and putting clinton and obama back up again. because rothman has been backed by the president. in montana south dakota, primaries today. south dakota pits bart against fairlyic. this gives us an opportunity to joe you this jeff barth gem again. [ gunfire ] >> we just like an excuse to show you that. whoever wins goes up against christie nome in november. back with more after the break. current tv, it's been all building up to this. >>bill shares his views, now it's your turn. >>i know you're going to want to weigh in on these issues. >>connect with "full court press with bill press" at facebook.com/billpressshow and on twitter at bpshow. >>i believe people are hungry for it. >> we're not through just yet, mr. vice president. >> they're swimming against the >> announcer: broadcasting across the nation, on your radio and on current tv, this is the "bill press show." >> bill: it is decision day in wisconsin. time for wisconsin voters to finish the job and send scott