history n my home town of louisville, kentucky, there is a wrestler, an old school guy named sputnikhave his picture and ice is a good thing, can i just say this, even winning a match, ice is a good thing, bro. here is a picture, take the internet a second, sputnik, i don't want to say he invented the sleeper. >> we are having trouble getting that picture on the air. >> really? >> yeah. >> that is too bad. >> well you got me here. >> would you demonstrate that on him. >> what is the second move? >> the anaconda. >> you could blur the line. >> that is my appeal. i throw a lot of kicks and strikes, and i do practice bra brazilian jujitsu and you blend that together. >> i got to be honest with you the idea is to take the rules and push them as far as you can but one of your opponents say you have crossed a line there. >> it happens, i am a habitual line stepper. >> you know what? we got something common, we do, wwe in town, all c m punk here, all furnished by them. hit the website for details and information. >> no problem. see ,,,,,,,,,, ♪ jif to go goes here, goes there ♪ ♪ jif to go

they did not understand what the last generations sputnik moment was. there was a time in the late 1950's when the soviet union looked to be beaten as in the space race. that evoked an existential fear that the soviets are going to be ahead of us. they were first in space in the sense they had the sputnik craft. was it manned or unmanned? unmanned, in space. it was a scary moment. we had not done that. they had. that led to a national consensus to invest in science and technology. 1960 levels of r and d are the high level of our nation's history, private and public put together. we are facing lower levels of r and d spending, which is seed corn for tomorrow's innovation. the amount of innovation as happened because of the 1960's and 1970's research and development -- the internet is one of the greatest contributions to wealth creation probably in world history. but for that sputnik moment, we would not be riding on that platform. similar errors in history -- the transcontinental railroad gave rise to growth. the interstate highway system, etc. how presi

third, we need what we call the sputnik moment.e late 1950s when the soviet union, ussr, at that point, sent up the satellite sputnik, we had a huge shock, but we came together as a nation with a common purpose and a common vision. that is what we need today. we need a common economic purpose and a common economic vision. if we don't get all this, as diane said, things will get harder and harder. >> even, you know, mohamed, it seems as though whenever we see policy makers do anything including the central bankers, when they do something it's defensive. it's not playing offense but defense. we look at the emerging markets, china investing an awful lot of money in infrastructure. brazil making big investments as well. russia and india the same kind of -- when is the united states going to be able to be playing offense again and is that a completely political statement? because republicans would say, we don't want this administration or anybody to be doing any more. you've done enough. >> so two things that you point out. first we nee

third, we need what we call the sputnik moment. if you remember in the late 1950s when the soviet union, ussr, at that point, sent up the satellite sputnik, we had a huge shock, but we came together as a nation with a common purpose and a common vision. that is what we need today. we need a common economic purpose and a common economic vision. if we don't get all this, as diane said, things will get harder and harder. >> even, you know, mohamed, it seems as though whenever we see policy makers do anything including the central bankers, when they do something it's defensive. it's not playing offense but defense. we look at the emerging markets, where they are -- china investing an awful lot of money in infrastructure. brazil making big investments as well. russia and india the same kind of -- when is the united states going to be able to be playing offense again and is that a completely political statement? because republicans would say, we don't want this administration or anybody to be doing any more. you've done enough. >> so two

figure skating has always been a cultural phenomenon in russia just like the bolshoi or sputnik but in recent years it's become a mainstream winter sport with thousands of skating rinks opening around the country irina slutskaya is one of the people behind its newfound popularity she's hosted a few dancing on ice t.v. shows and occasionally stars in live skating performances the ice mania is also being asked to resupport it by the authorities in a bid to promote the sport head of the winter olympics in sochi. polo arena and welcome to spotlight. always feel nervous before going on stage there didn't appear to be. the watery emotions now deep inside. of course i get that feeling of excitement before every performance if you're in the spotlight you can stay calm and collected especially if you have some skating routines in the show so yes i do feel nervous to meet in russia we always believe new year's dreams will come true. the new yeah should come off well it should come off well that they work. lives with the cup which of the new year traditions is your favorite. and you believe in om

very very much the same rocket the soyuz rocket was the rocket essentially that launched sputnik one so it goes all the way back to nineteen fifty seven. why are these hardly any alternatives to the soyuz why do we continue to use this same model. there's lots of alternatives there's something like twenty six launchers operational at the moment it's just that choreographed a very good job on the first rocket and it's still a very valuable lot system. what we mentioned earlier the crash of russia's cargo space ship in august after which launches were halted and raising doubts over the soyuz rockets reliability have those problems really been resolved. it was never written on reliable rocket all rockets have underlying failure rate soyuz has always been one of the most reliable. the problems that were caused the crash were don't replied something's been done to put them right it will remain a very reliable rocket but it may possibly have paid is in the future every rocket buzz well after the us retired its shuttles back in july russian rockets really became the only viable transport in

the military part of the economy people didn't believe it and neither did our editors what about sputnik and all of that? what in fact you can easily say we can look at the fact that the economy wasn't working then and didn't work for consumers but in some ways the fall is an inevitable to the little bit of terror taken away which is different from what you're talking about because the record society is now held together by terror. >> guest: profound differences i don't want to suggest we are about to have a soviet like collapse but what we saw in the financial crisis is the speed to which our system can malfunction. everybody in 2006 and to fill some seven in the financial business and that there would never be another recession in the united states. in 2007i finally said never isn't a great time frame, how about five years? but of course he lost his money were and the counter party risks of because i wasn't entirely sure why the veto. this is the way things are. the complex entities whether you are talking about the plan the economy of the soviet union or the dynamic financial system t

economy, people didn't believe it and neither did our editors because they would say oh what about sputnik and all of that but in fact you could easily say, if you looked at the fact that economy wasn't working and it never worked for consumers, that in some way the fall was inevitable the minute the little bit of terror was taken away which is very different from what you are talking about because our western society is not held together by terror. >> guest: that's right, profound differences. i don't want to suggest the soviet collapse or or we saw in the financial crisis was the speed which it can malfunction. everybody in 2006 and early 2007 in the financial business thought things were just going great and i even had an extraordinary experience when hedge fund manager that made that there would never be another recession in the united states. >> host: never? >> guest: i finally told them never is there a great timeframe for a bad. how about five years? of course he lost his money and i discovered the meaning of counterparty risk because i was not entirely sure. i'm still waiting to be

more rapid than light they sped through the night and passed sputnik and beatnik and the eagle in flightt nick and venick flew into star space and the whole universe smiled like a big happy face. christmas was everywhere that they could see. and when they reached venus, santa laughed, can this be? the stars, they all glistened and sparkled so bright and lit up the heavens with christmas tree light. then in a twinkle the great northern star, all the space nicks came from near and afar. there was unick and munich and plutnik and my, there must have been thousands that popped from the sky. saint nick was amazed and astonished to see so many creatures dressed exactly as he. the colors of these space nicks were grand to behold. some even flashed like sequins of gold. they had sacks of toys, all different and gay and many kinds of games for the children to play. there were moon dolls and boon dolls and hobos from space and a different kind of candy with an all-around taste. the space nicks worked quickly in venus's short night, and christmas shined wondrously before morning's bright light. ven

in space you have all kinds of stuff that's been there for ages -- when i say ages, talking about sputnik in the '50s and pioneer that we sent up and nasa sent up there, and a lot of countries sent things up into space. they eventually fall out of orbit. i have to give you inside baseball and although i am cuckoo for cocoa puffs, i am not -- but thursday night i'm driving through the carolinas for a story, and we saw a streak across the sky -- >> stop, reynolds. >> i'm not kidding you. you know how you see the falling stars that pop -- this was up there for at least a good on one 1,000, two 1,000 -- >> i'm not talk -- >> something weird. it was a great meteorite that went across the sky. just saying, happened at the same time, never know. >> the meteorologist happened to see it. >> that's right, that's right. >> okay. co cuckoo for cocoa puffs. >>> and now people saying crane was down, now we can say he's out. suspending the cane, a heck of a ride for the former pizza m company ceo. his latest hits. stay with us. it's got tender white meat chicken. the way i always made it for you. one mo

both the president and energy secretary chu have that said we're in america's sputnik moment. and they're absolutely right. 50 years ago we were in a global space race. today we're in a global clean energy race. whichever country takes the most action today to develop and make clean energy technologies will dominate the global economy in this century. that means supporting, financing for -- supporting financing for clean energy and energy efficiency projects. it means tax credits for clean energy manufacturing, providing incentives for retrofitting residential and public and commercial buildings. it means supporting basic research and keeping alive initiatives that support clean energy technology innovation. these need to be our priorities as we make energy policy and budget decisions. we -- we can pay for these investments by cutting expensive, outdated subsidies for oil companies that are making record profits. there is a lot more to be done if we're going to win this global clean energy race, but it's not going to be easy. it means unifying as a country and starting to do t

and then the dean at columbia said what we need right now -- this really stuck with me -- we need a sputnikke in the '60s when there was a big push into the hard sciences. there was a national drive. we don't have that now at all. but what we are seeing across the board and what gave us the idea to do this story, in part, was ceos telling me all the time in our interviews that they are hiring but that the people they are looking for aren't out there and those are engineers. >> all right. poppy harlow, thank you. appreciate it. >>> hiring is up, the unemployment rate is down. in fact, it is at its lowest level in two years. christine romans joins us from new york to break down the jobs report that we released today. how significant are the overall numbers that we actually saw the unemployment rate go down? >> suzanne, it shows you that there is hiring again, slow but steady hiring. within that unemployment rate of 8.6% there's something that economists call statistic noise. there's some reasons why that number fell so quickly so fast. there are people who dropped out of the labor market, wom

one of the people i talked to in the story said what we don't have is a sputnik moment like in the '60sling. a real honor and calling to major in the hard sciences. we don't have that now. he said we need that now. interesting. i look back at my education. i barely had to take math and science in college. it wasn't really required. >> so interesting, too. all of those kids switching to be english majors, the highest paid english major is writing technical material for s.t.e.m. couriers, where the action will be. but it is very difficult. >> one outside i found out about reporting the story, computer sciences. we'll dig into in for next month's jobs report. computer science major, getting hired in droves and more and more kids want to go into computer science. applying to that major. they look at a company like google or facebook and say, that is really, really cool. >> it's hard work. poppy par lowe, thanks. >>> barely out a month and coca-cola pulling its white actic cans, designed to bring awareness to polar bears and their habitats. coca-cola will roll out new red holiday cans next w