allan sloan and geoff colvin, senior editors at large for "fortune" magazine followed by deputy british prime minister nick clegg and later, speeches on egypt and palestine. cal[captioning performed by national captioning institute] [captions copyright national cable satellite corp. 2012] >> this week on "q&a," geoff colvin and allan sloan. >> allan sloan, you and geoff colvin did a piece that was transferred to "the washington post" and ed had a headline on it, the gum but enough already." -- " enough already." >> we have been we that -- we have been at endlessly annoyed with no progress in washington. on anything. it was decided since there was not going to be any intelligent conversation, we proposed solutions. we sat down and wrote it. >> how did you go about it? >> it was simple. we decided a smart thing was to get off the premises. the two of us went a couple blocks down sixth avenue and were just by ourselves. we went to the big issues here. we found that even though we do not agree, and we come from opposite perspectives, we were able, in a short time, to reach general agreement

. >> david cohen >> this week on "q&a," geoff colvin and allan sloan. >> allan sloan, you and geoff colvin did a piece that was transferred to "the washington post" and it had a headline on it, "enough already." >> we have been endlessly annoyed with no progress in washington. on anything. it was decided since there was not going to be any intelligent conversation, we proposed solutions. we sat down and wrote it. >> how did you go about it? >> it was simple. we decided a smart thing was to get off the premises. the two of us went a couple blocks down sixth avenue and were just by ourselves. we went to the big issues here. we found that even though we do not agree, and we come from opposite perspectives, we were able, in a short time, to reach general agreement on a few principles that were the biggest and most important ones. the larger point here is that within washington, there is broad agreement on what the financial problems of the country are, and on the solutions, and that nothing can be done. it is the most insane situation. >> how do you differ? >> we did not do it in the piece. it

. >>> and larry sloan has died, the co-founder of the nonsense word game now just celebrated the 50th anniversary, they have helped many parents survive a long car or plane flight. he helped to edit the books and we-sing for kids. he was an army veteran and talent agent, and so much else, we're tempted to say fill in the blank, larry sloan was 89. >>> and way back in 1973, a memorial was newly designed and named in the east river in new york city. well, today, four decades later, it was finally dedicated after being held up by a number of problems's including the sudden death of the architect, the bankruptcy of new york city and a dispute between sponsors. it was worth the wait, it pays tribute to four freedoms roosevelt considered the essence of human rights, freedom of speech and religion and refuge from want and fear. >>> and making a difference along the way. >>> it is time for tonight's "making a difference report," and tonight, a trail blazer of a woman brought back a passion for classical music for the next generation, and perhaps gave children a chance for a future they never

i am dane zacar on and the manager partner of sloan in san francisco. i am here this evening to address a situation of concern regarding incidents that occurred on september 13, 2012. on that date we have civil obedience outside of the area and not typical of the nightly operation of sloan but i felt it appropriate to contact officer chin and the adjustments regarding these issues going forward. i have been in constant communication with inspector van cole and of the entertainment commission. the following is a list of our responses to those incidents that night. one we have grown our nightly security staff from five to be between 19 and 16 and we discontinued a happy hour event ta. we hope to reinstate it with different parameters and something i would discuss with those gentlemen. we have lowered the minimums and the reservations and the bottle manager must have accept ratio of male to female guests per table and we have hard liquor and bottles of chaip pain as well. i have hired three additional employees to be bottle service assistants and responsib

. >>> and larry sloan has died, the co-founder of the nonsense word game know just celebrated the 50thhey have helped many parents survive a long car or plane flight. he helped to equit the books and we-sing for kids. he was an army veteran and talent agent, and so much else, we're tempted to say fill in the blank, larry sloan was 89. >>> and way back in 1973, a memorial was newly designed and named in the east river in new york city. well, today, four decades later, it was finally dedicated after being held up by a number of probl problems's including the sudden death of the designer. it was worth the wait, it pays tribute to four freedoms roosevelt considered the essence of human rights, freedom of speech and religion and want and fear. >>> and making a difference along the way. [ male announcer ] this is karen and jeremiah. they don't know it yet, but they're gonna fall in love, get married, have a couple of kids, [ children laughing ] move to the country, and live a long, happy life together where they almost never fight about money. [ dog barks ] because right after they get marri

i'm allan sloan. >> susie: women have been wearing chanel number 5 for almost a century.. from catherine deneuve to ali mcgraw to nicole kidman, famous women have pitched the fragrance for years. but today, the iconic perfume got a new face: brad pitt. and he's making it clear this isn't your grandma's perfume. >> every journey ends, but we go on, the world turns and we turn with it. >> susie: as it competes in the multi-billion dollar fragrance business, chanel is hoping pitt can help deliver big results. that's "nightly business report" for monday, october 15. i'm susie gharib. have a great evening everyone. we'll see you online at nbr.com and back here tomorrow night. captioning sponsored by wpbt captioned by media access group at wgbh access.wgbh.org

i mean, we heard from tim sloan last hour. are as low as they are right now and demand is still not maybe what it should be for rate being that low. why do you think that is? >> bill, we're not out of this economic recession yet. i peen, remember, no recession -- housing has led every recession recovery. the refis are helping millions of americans from being underwater in their mortgages. refis are doing a wonderful thing to help this economy. yes, banks make money on them, but we want regular loans. we want loans, regular loans. refis are just a regeneration of old loans. >> so should rates be lower than they are now to spur that kind of demand? that's really my question. >> well, bill, look, they're record lows. let's not forget the regulatory burden. we have a cfpb over there who can't even figure out what a qualified mortgage is. we have a lot of banks getting out of the mortgage business because of the regulatory burden that's being placed on our banks, especially our community banks. >> here's my complaint i have, guys.

speaking of wells fargo, don't miss our first on cnbc interview with chief financial officer timothy sloan. we'll get his take on the earnings and his thought of the state of the consumer, whether the housing market will come back. we'll also ask him about legal challenges facing that bank that came out just this week. but first, here's how we stand right now. this trading pattern chart will look familiar. it's been like this all week. you buy in the morning. you sell in the afternoon. right now the dow is in a comeback mode, up 3 1/2 points. the nasdaq, though, still the lagger. down a franks at 3,048. also coming off the lows of the session set about an hour ago. the s&p is down three points. now at 1429. >> let's go to our hampton pearson with breaking news on the deficit. hampton. all right. we're going get to hampton in a second. >> we'll wait on that breaking news. >> yes, exactly. >> in the meantime, less than an hour to ago, this trading day, is the dow going to go lower for the fifth session in a row? a five-day losing streak may not be a huge red flag for some people, but pension

sloan-kettering. several hundred patients that had to be transferred. >> yes, this is definitely manhattan in the dark at this point. >> i would like to go to john with psg. are you there? >> okay, we just lost him. it looks like brian quinn is returning to nyu. once again, the power is out there. the backup generator has failed and they have had to move hundreds and hundreds of patients and a very impressive -- again, a fleet of ambulances transferred these patients and brian quinn told us in an orderly fashion that these hospitals actually have pretty elaborate evacuation plans. and they were able to -- it looks like they're still making the switch from nyu langone to mount sinai. >> net, i am noticing. is it raining in manhattan, now? >> it is light rain, but it is raining. still being blown around by the wind. gusting up to 60 miles per hour. we will see some of these rain bands cover up and make circulation for quite some time. nothing like the heaviest rain that went through south jersey and tow

. >> allan sloan? >> i am the polar opposite. i grew up in brooklyn, new york. i went to brooklyn college. it was free. my father worked primarily for a nonprofit organization. my mom worked before they were married. she did business out of her home, our home, when the kids were there. that is when i learned how to count. i helped her. it was heavy clerical stuff. i got to the point where i did everything in my head because it was faster. there were no calculators. that has been a great help to be journalistically. i do numbers in my head. it is my secret weapon. >> how many years were you at "newsweek"? >> four years. i was in detroit for seven years. all my children have michigan birth certificates. i have ended up here and there. i ended up that "newsweek" and i thought i would be there forever. that did not quite worked out. five years ago, i went to "fortune magazine." i am the opposite of geoff. it is really fun. >> let's go back to the article. when did you first start talking to one another about this? how long? >> it was not long ago. some day in august

sloanes lake park outside denver, colorado. governor rendell there are not a few people on the democratic side of the aisle that wish that you could have transposed the president obama we just saw on to the president obama we saw last night. >> interestingly, president obama said that wasn't really mitt romney that debated last because totally different positions. well, that really couldn't have been president obama on that stage last night because this is the president obama that we know that's proud of what he does, believes with all of his heart that the tax plan that governor romney's pushing will destroy this country. none of that passion. none of the zingers. none of the come-backers were there. >> a combination of passion, upbeat, edge at the end. that issue of fairness, that's where i would have liked to see obama finish the debate last night, really get behind that. and it's the perfect issue for him against romney. it speaks to all of these other things out there without him trying to take it on directly, which he obv

barrie casille, a pioneer in the field of complimentary medicine, runs this facility at sloan kettering center in new york >> acupuncture doesn't cure cancer, but it is extremely helpful in the setting, because it can control multiple settings, some of which are not even treatable with main medicine. which is why the oldest cancer treatment center in the world offers alternative medicine complimentary medicine has gone mainstream >> it is not enough to say you're finished with the chemotherapy and radiation, and so on, good-bye, have a good life, while the patient is suffering from a wide range of problems. >> reporter: massage for lung cancer patients is offered, and rules out stress. casille stresses the treatments only work together with the usual treatments, not as a replacement. >> finding out what i can do myself helps, frankly it really, really does help. >> imagine the energy going through the body. >> reporter: east meets west, old school, new school, another increasingly important tool for cancer patients everywhere. >> and while doctors and patients are increasingly on the sa

the ocean blue to me soon which brightened the moon about sloan from finance to crash and it's. nice for instance on t.v. dot com. the. movie. welcome back to spotlight i'm al gore in open just to remind you that my guest on the show today is rodney alum winner of the global energy prize in two thousand and twelve. we started talking about about. it being pretty expensive and the technologies powered knowledge is being sponsored. to be ecologically friendly well well you said that industry wants to make money governments have to save money so it takes it takes more than just words to try to persuade industry and governments to to start thinking green yes so. what are the idea do you have any ideas instead of what will except words and the ideas that can really persuade them that we can't can make it cheap i can only say that currently are. renewable energy and energy from fossil fuels will cost you extremely large amounts of extra money for each unit of electricity from fossil fuels maybe sixty percent more from renewables depending on the type of renewable say wind power which

nicholas sloane is the senior salvage master.o we have 60,000 tons of buoyancy, so you're almost recreating the whole thing around her. >> reporter: then you'll tow it away to be cut up? >> yup. >> reporter: a report about what went wrong that night was tabled in court today. pieced together from a ship's data recorders it showed a confused captain, a disorganized evacuation plan and the "costa concordia" ended up with 90 tons of reef stuck in its hull. allen pizzey,'ll go owe island, italy. >> pelley: another ship has found its resting place. back when it flew in space, the shuttle "endeavour" traveled faster than a rifle bullet. but after 123 million miles in orbit, its last 12 miles came at a crawl. she arrived yesterday at the california science center in los angeles after a two-day trip on the ground. "endeavour" barely fit through the tight city streets. its wings nearly clipped trees and yule poles. this family got a close-up look from its living room. the slow motion voyage seemed to captivate the entire city. people youn

calls are now expected to grow louder with madrid's of stereotype being the first in the firing line sloane a color still close as there is sociologist and pump up the university carlos good evening do end of the day frankly speaking see the country really gaining independence any time soon as a result of this election. well i don't know if it's going to be a result of this election this is the situation there is notably different than what it is in catalonia for example right now for years there has been work being done on the ground to kind of set up the material conditions for independence that is the basque region had a more independent i guess tax system where there are taxpayer dollars taxpayer euros would go towards the basque region in about. you what we're seeing now is a shift in large part due to a rejection of the previous government the incumbent government which was composed of basically of the socialists and the. and heading back towards what used to be the main party. the sort of center right nationalist party but also the entry of a major player in the new formation which i

the bank has got together and said tim you know we need you in treasury we need a very sophisticated sloan crook like you to bail us out and to give us true billions and billions of dollars trillions of dollars you're the only guy who can do it stay in when the secretary of the treasury when you step down but the japanese told the senate we'll take harry and then you'll get the big pay off you'll be up big millionaire player just do the looting for us it's our inside mail and we'll do it and geithner said there's one thing that i want i thought you would have to make sure that it wasn't warren is out i don't want to run i want complete control so there's no law enforcement there's no in take private foresman there's no one thing if we're going to steal we have to do it right i'm paraphrasing the discussion. it's almost like the old hollywood movies of the 1930's you know and the mafia would come to that but no one of their guys is district attorney so that he wouldn't prosecute them ever since alan greenspan was put at it over it's over which they put it the regulator in church it wouldn't

taken to mount sinai and taken to sloan kettering.e are talking about kids from the neonatal pediatric critical care unit adult critical care unit as well as op stet tricks that's where the most serious ones were taken to the other hospitals. apparently the hospital lost power sometime around monday evening. so they are operating on generators a couple backup generators. we have seen those also. fdny are observing those who made central business. they are making their way to where we are. we are in the east to mid town. we are at 30th and 5th avenue. a lot of precarious situations now. the weather has tapered off it's still raining a little bit winds are strong. we are seeing a couple people being hauled out being placed into ambulances and taken to the other two hospitals. looks like it will be some time right now. we are looking at an exact number of what we are expecting. also when you get away they are without phone lines. notifying loved ones in case they didn't know what was going on has also proved problematic also. >> now nerv

next "q&a" with allan sloan and geoff colvin of "fortune." after that, un general assembly if speeches by president obama, the president of iran and israeli prime minister benjamin netanyahu. tomorrow, journalist and political communications scholars and discuss how best to watch the upcoming presidential debates. the discussion is designed to offer a citizen's guide for watching in understanding the debate. it is live at 1:00 p.m. eastern on c-span. >> there is a lot of research out there that in fact mobile usage is even higher among minority communities and then it is among white communities. i have seen some pretty startling research that in some of these minorities communities, 70% to 80% of broadband is your mobile applications. i am not a critic of mobile broadband. after the verizon wireless transmission. the emirate -- no reason for me to be critical. so my comment is not a platform, and it is more a device comment. and that is if you are going to do mobile on a laptop and you are going to get real broadband -- speed, i do not have a

next you can we have melanie sloan. he is one of the nation's former experts on campaign finance law and he served as commissioner on the federal election commission, resigning in 2005 so welcome to all of you and let me go straight into their speed round. i was thinking about how to kick off this conversation in the reality is a lot of people have no clue what campaigning finance laws to let me start with a speed round and i'm going to go straight down the line. if you had to address a middle civics class and tell them what they should pay attention to and campaign on law and selection what would you say to them? >> i will tell them that when they see all those commercials on their television screens that are just endless right now, that they should ignore most of them because they have no idea about the context where the ads in who is putting them out and why they are putting them out and most of the things that are set in them are not necessarily through. >> i will it's a disclosure for the groups. >> i think that th

very easy to use, they are portable. 6.99 for this duo. 100% of the proceeds are going to memorial sloan-ketteringhydrated, and you're giving back as well. >> great. you can take a shower and also give back in that way as well. tell me about this product. philosophy is making it very easy to shower for the cure. this is a three in one bott. you're getting shampoo, shower gel and bubble bath. >> wow. >> just $20. >> and 100% of these proceeds are going towards the entertainment industry foundation's women's cancer research fund. >> great. perfect, and you're going to smell good, too. >> that's right. >> and then puma is going pink here with project pink. >> right. at "shape" of course we love sports, fitness, anything that gets you moving and these were a natural pick for us. $15 and 100% of these proceeds are going towards dr. susan love research foundation. >> that's great. >> and then over here the ear buds, these are -- >> this is from avon. >> avon is really effective in this fight against breast cancer in the past since 1992, so these ear buds are only $9. wear them to the gym or on the commu

. >> reporter: elizabeth sloan is a leading expert on trends in the food industry. >> people will buyin this country if they think it will make them healthier. >> they are looking for a magic bullet. and some people think that is gluten free right now. people believe if they go to a gluten free diet it will make them lose weight. there is no scientific evidence to show that is the case. >> everybody's doing it and talking about it. >> reporter: this is the founder of the el that wellness center. >> is gluten healthy? gluten's neither healthy or unhealthy. it depends on whether your body is rejecting it. >> there are all these gluten-free products on the market and a general feeling among people who don't know much about it that giving up gluten is a good idea. it's going to make me healthier. >> if a food has a health claim on it it's probably bad for you. >> reporter: which is what encounters encountered at the betty crocker test kitchen. it smells like a normal brownie. >> what do you think? >> i would not know. >> we are proud of the taste. >> what is done over there? gluten free c

cfo tim sloan said retaining the mortgages actually generates more income than mbs investments do ander. sloan also said he expects the mortgage origination rally to last at least a few more quarters and the q4 mortgage outlook is strong. wells took a big hit to its net interest margins, a problem for all banks across the board as the rates remain low but even if its loan book growing it's not growing fast enough to offset how quickly those rates are falling and what type of income it can actually make on those rates. sloan said that the bank expects continued pressure on those margins, which narrowed 18 basis points in the quarter from a year ago, but that the q3 decline was "not representative of what the bank expects in the future." now, low interest rates outweighing the benefit of the refi boom for sure, an undisputable point this earnings season and a point analysts raised coming into this but didn't predict it to be as bad as it's been. he's focused on returning capital, wells has the highest return on equity but people are wondering if maybe they had bid these stocks up too hi

we've been speaking with melanie sloan, executive director, nicholas confessore, kim barker, pro pubely ca reporter and author and bradley smith, chairman and cofounder of the center for competitive politics. we've been talking about the rise of dark money in election 2012, and it looks like election 2016, etc., etc. thanks to pro pubely ca and thanks everyone. >> thank you. [applause] >> the thing about eisenhower is that he would never tell anybody whether he was going to use nuclear weapons. why is this important? because in the 1950 when nuclear weapons were pretty new and we threatened to use them at various stages, ike did, but nobody ever knew where he was serious or not -- whether he was serious or not. and, of course, to be credible as a deterrent, you have to be credible, and ike never told anybody. i was fascinated by that notion. talk about the loneliness of command, the use of nuclear weapons. what could be a greater command decision tan that? here was a guy who had run the allied invasion in world war ii, liberated europe but now he's president and has an even greater leve

sloan foundation. supporting science, technology, and improved economic performance and financial literacy in the 21st century. and with the ongoing support of these institutions and foundations. and... this program was made possible by the corporation for public broadcasting. and by contributions to your pbs station from viewers like you. thank you. captioning sponsored by macneil/lehrer productions captioned by media access group at wgbh access.wgbh.org .m

sloan foundation. supporting science, technology, and improved economic performance and financial literacy in the 21st century. and with the ongoing support of these institutions and foundations. and... this program was made possible by the corporation for public broadcasting. and by contributions to your pbs station from viewers like you. thank you. captioning sponsored by macneil/lehrer productions captioned by media access group at wgbh access.wgbh.org >> this is "bbc world news." funding of this presentation is made possible by the freeman foundation of new york, stowe, vermont, and honolulu, newman's own foundation, and union bank. >> at union bank, our relationship managers work hard to know your business, offering specialized solutions and capital to help you meet your growth objectives. we offer expertise and tailored solutions for small businesses and major corporations. and major corporations.

. >> reporter: we found one such bettor, mit sloan school student andre gloria. >> the question that you're really answering when you're placing a bet is: who do you think will win? not who will you vote for? >> reporter: gloria is constantly checking betting markets the world over. >> ill have a nice christmas break, thanks to this, yeah. >> reporter: and though this mba student doesn't play in low- stakes iowa, he's very much like her speculators, says joyce berg. our market traders are very different than the general voting population. they're predominantly male, they're wealthier than the average voter, younger than the average voter, better educated than the average voter. >> reporter: and as we take one last look at the iowa market, the quietest bookie in america, one last question-- how accurate have the polls proved to be? >> so we've gone back over time since the '88 election, looked at over 900 polls and compared the iem prediction to the poll prediction and found that in 75% of the cases the iem was more accurate than the polls. we also look at night-before forecasts, and

sloan foundation.supporting science, technology, and improved economic performance and financial literacy in the 21st century. and with the ongoing support of these institutions and foundations. and... this program was made possible by the corporation for public broadcasting. and by contributions to your pbs station from viewers like you. thank you. >> ifill: the presidential campaign moved on today, with just 20 days to go. with debate number two in the books, instant polls gave president obama the edge. >> i'm still speaking. >> and the answer is i don't believe people think that is the case. that wasn't a question. that was a statement. >> a feisty second debate that saw the president and former governor-general form governor get up close and general. the president flew to iowa where he told supporters that romney's debate performance raised serious questions about his economic plan. >> president obama: so let's recap what we learned last night. the tax plan, his jobs plan doesn't create job. his de

sloan foundation. supporting science, technology, and improved economic performance and financial literacy in the 21st century. and with the ongoing support of these institutions and foundations. and... this program was made possible by the corporation for public broadcasting. and by contributions to your pbs station from viewers like you. thank you. >> woodruff: the first presidential debate is behind them, but the two sides went at it again today. republicans said their man took it to the president in the denver duel. the obama camp charged the truth got trampled in the process. >> la night i thought was a great opportunity for the american people to see two very different visions for the country. and -- (applause) -- and i think it was helpful to be able to describe those visions. i said the president's vision is trickle-down government and i don't think that's what america believes in. i see instead a prosperity that comes through freedom. >> reporter: romney's reception at the event was reinforced

sloan foundation. supporting science, technology, and improved economic performance and financial literacy in the 21st century. and with the ongoing support of these institutions and foundations. and... this program was made possible by the corporation for public broadcasting. and by contributions to your pbs station from viewers like you. thank you. >> ifill: the presidential candidates beat a path to battleground states today, starting an all-out push to the election. it marked the beginning of the endgame, with 14 days to go. the debates are over but the campaign is picking up steam. president obama and mitt romney wasted no time today getting back out on the campaign trail. with election day now only two weeks away, the candidates are devoting every waking minute to revving up the base and courting any remaining undecided voters in a handful of critical swing states. for mr. obama this morning, that meant the campaign rally before an enthusiastic crowd in delray beach, florida, not far from the the