. >>> the attorney for accused texas swindler allen stanford says his client should be transferred to another detention facility. stanford's lawyers say that there have been no air conditioning in the jail cell where his client is being held. stanford faces criminal charges related to an alleged $7 billion ponzi scheme. >>> coming up next when 9 news now returns, doctors are baffled. they are working to find out why a 5-year-old boy is allergic to just about everything. >>> and a little bit later a family and their dog are r afte after hurricane ike came we'll beright back. be >>> researchers at the virginia tech institute found that truck drivers who text were 23 times more likely to get in to a crash or a near crash. right before an accident, drivers took their eyes off the road for nearly five seconds. at 55 miles an hour, that's plenty of time to cover more than the length of a football field. >> people are not paying attention to the highway and, you know, they could hit something or you or i could get hit. >> reporter: researchers say that their findings should be applied to all

he came up with the idea while a sophomore at stanford. today loopt has over one million users, major u.s. carriers including sprint, at&t and verizon all offer the service. loopt is another example of how people now use their cell phones for more than just to talk. i am pleased to have sam altman at this table for the first time. welcome. >> thank you, charlie. >> rose: what is loopt about and why is it important? >> loopt is about people using their cell phones to connect to the world around them. the importance of cell phone technology in our lives has really taken off in a way i think few of us ever predicted. the average u.s. teenager sends almost 2,000 text messages per month. the dependence on this device and how engrained this has become in our lives is incredible. one of the unique things about these devices that hasn't existed in the web world is that they know where they are. they have this location technology and if you want you can share your location with other people. or you can find great restaurants around you or you can m

they claim they were a full partner in the stanford relationship between alan stanford, the alleged ponzi scheme and the nation for sometime now. stanford had fuel citizenship and it was his stanford bank that issued these $7 billion worth of certificates at the heart of the alleged fraud. now this lawsuit which is filed under the ricko statutes or dollar there 24 billion. the fraud could not have happened without the full assistance of the nation offan tig wa. le loi king has been indicted penning extradition, but the suit said the government knew what was going on. as we have shown you, he invested billions, moneyy that the alleged victims of the scam say was there money that was misappropriated and spent on restaurants and very luxurious facilities there. >> thank you very much. that story gets more and more interesting. we appreciate that and before we go, we want to touch on the business week story. in terms of who buys this magazine, is there a buyer and how much will it sell for? >> next to nothing. the business week magazine is losing money at this point. very limited group. bloom

some complaints from alan stanford. his lawyer says his texas prison is without light and air conditioning. the prison operators says it has full power as well as air- conditioning. stanford is awaiting charges of directing a $7 billion ponzi scheme. that is your business news. live at bloomberg headquarters in new york, i am linda bell. doug and alison, back to you. >> thank you for that. 5:27. the news continues. >> home grown terror. seven people under arrest accused of plotting a violent jihad. we will tell you where this happened. let good news from the home sales prices. i will have the details of what this could mean for the economy. >> live in the weather center. we are tracking a day e loveits incredible deals. and with her daughter starting middle school tomorrow, connie's got some high expectations. she expects look 11 might be the on she expects look 17 might be the one. so she shops target. where they've always got her back for back to school. target. expect more. pay less. >> live and in hd, this is "good

any assets that belong to stanford and recover them for investors is suing some 400 investors. he's seeking claw backs, basically, you put all of your money into these stanford certificates of deposit, which the fcc and the prosecutors say are fraudulent. the receiver is taking a position that that money all went into a pool, all was diverted by alan stanford and anybody who had any money left in the accounts that were frozen, that's something that should go back to the receivers. these people who have had their accounts frozen from february and in many cases these people with all of their life savings in here, now they're told they're never going to get any of that money back or not the flying share of it, it all has to go back to the receiver. he has filed this in dallas, 140-page filing here among lots of other filings today. basically the receiver is going after the investors seeking clawbacks. it's a common thing in ponzi schemes but adds insult to injury. the securities and exchange commission has said he should not pursue these clawbacks, these people are innocent victim

allen stanford is not enjoying his time in prison.e's complaining that his prison cell is too hot. stanford says he doesn't have air conditioning and he shares his space with up to ten other inmates. he wants to be moved from a private prison to a federal detention center. >>> to the money crisis now and a look at how foreign markets are doing today. asian markets remain mostly unchanged. japan lost 0.01%. to wall street now where the dow futures point to a slight positive opening. dow gained 16 points yesterday. the nasdaq gained one point. >>> we are now finding jobs for you. the d.c. department of human resources is looking for a program manager. the manager will work with department heads with human resources. the s if you're interested in learning more, go to nbcwashington.com and search jobs for you for more information. >>> and still ahead this morning on "news4 today," we're live on breaking news. an early morning fire burns down a knights of columbus hall. >>> a cnge in montgomery county with the new rules for speed cameras c

breaking news on allen stanford. >> that's right, trish. this report obtained by cnbc under the freedom of information act, the internal report of the s.e.c. looking into how the matter was handled of allen stanford and the alleged $8 billion ponzi scheme. the inspector general who has been very independent throughout these financial scandals says the agency did not reach its obligation to vigorously pursue the case, but the urgency increased after bernie madoff confessed to his ponzi scheme in september. but this report raises questions, as well. the report says that the s.e.c. effectively halted its investigation last year after bringing in department of justice to assist in the case, and essentially lead the way. and that the s.e.c. halted its investigation at the request of department of justice. this is something that has ran ankled the alleged victims, although very common in cases like this, where the s.e.c. basically runs out of tools to pursue the case, and that seems to be what they did. and we should point out that the inspector

>>ose: you went to stanford. whatid you think you would study? what did youhink you would be? >> i wanteto go to snford from as young as canemember. my parents gote a compur, a mac l.c. 2 when i was eight years old and so fell in love and i cantill... i stillave the actual computer. but someone that set it up for meold me that stanford was wheryou go if you want to len about computerand i decided right then i nt to go to stanford t study computers. >> rose: did you wt to learn aboutomputers because you wanted to eate businessesor because of the ser thing itself? >> yeah. the technology is so fascinatin to me. that was the reason. the startup kind of happene as someone what ofn accident. i realized it was a possibility going to stanfd but i fell so in love withhe technology and the colin poweller of tse ds and how much they've cnged the worlsince the tenears that i've bee paying attenti is unbeliable. >> rose: n you know there's a lot ofontroversy about what loopt can do. >> yes. rose: criticisms from range of ople. >> with every new technology there are i thi uniqu allenges an

stanford. she spelled it all out for them at least going back six years ago.the bottom line is that this disaster could have been prevented and she says the thing that made her most concerned to sell this certificate of deposit, it was unsafe. >> i am bombarded with emails. >> they were coming from whom? >> management, management. the managers there would send us emails and they even had scorecards and make a team within the office to see who would bring it. >> so the big thrust was to bring in deposits to stanford international banks and sell certificates of deposit, from management on down? >> that is right. >> and you had questions about those certificates. >> absolutely. i knew they were not fdic insured. i knew their financial statements. they were not audited by a reputable accounting firm. instead, it was done by an unknown firm in manteca -- antigua. that is a red flag for me. >> a red flag that was ignored until stanford collapsed in 2009. you'll see more of what she had to say. she was ignored, and fired in 2002 for refusing to sell the cds. she had

it is stanford as well. martha: thank you. moments from now, lawmakers will announce new rules for pilots and airlines. it is an effort to prevent the pilots error that may have doomed a commuter flights in buffalo. what the bill will do having my identity stolen has taken more than money from me. it's taken my time. time that i should have had to be with my family. it's like you're getting violated. these are uncertain times. and it's tough enough in this economy without... the added pressure, headache, and heartache of having... to struggle with a stolen identity. but you don't have to. lifelock works to stop identity theft before it happens. it's been more than a consequence of money. it's, it's taken time... out of my days for months on end now... and, uh, it just literally robbed me of my credibility. you feel like you went to law school and you... have to become an attorney all of a sudden... for yourself because nobody else will do this for you. cleaning up the mess of identity theft can be... frustrating and take hours

an instyle look at the lavish headquarters of stanford financial. jon: in iran a passenger jet crashed shortly after takeoff from tehran. all 168 people on board are dead. the russian-built plane smashed into a field northwest of the capital shortly after takeoff. the impact gouging a deep hole in the field and littered with wreckage and body parts. passengers and crew members, none survived. the jet was headed to armeinya. we'll have a live report on that crash. jane: the investigation into last month's train crash is now triggering a warning, the national transportation safety board is not even waiting for the final report on the crash. it's getting the word out now that automated warning systems like the one that failed in d.c. may have a fatal flaw. it's really a circuitry failure that renders the trains on the tracks invisible. so obviously incredibly dangerous. nine people were killed when this train speeded into a train that was stopped ahead of it. looks like the train just didn't pick it up. now thank you for being here, what can be done? w

we have a man at stanford who has invented precisely such a device.ut of my you know what. we have driverless cars coming up at the meeting after this. at 155 miles per hour, andy roddick has the fastest serve in the history of professional tennis. so i've come to this court to challenge his speed. ...on the internet. i'll be using the 3g at&t laptopconnect card. he won't. so i can book travel plans faster, check my account balances faster. all on the go. i'm bill kurtis and i'm faster than andy roddick. (announcer) "switch to the nations fastest 3g network" "and get the at&t laptopconnect card for free". . >>> national highway traffic safety administration has known for years that distracted drivers are as bad as or worse than drunk ones and why they kept that a secret is another thing and why we are still making decisions in general behind the wheel, yet another. so for a solution, for that is why we called this meeting is in search of solutions. we may have solved the whole drunk driving, texting driving and makeup while driving problem. joining th

stanford, yo clinic, harvard we also know the quality is uneven, unpredictable. studies show your chance of getting right medicine is roughly a of the coin. not very good. we have high use of unproven treatments that cost a lot of money and don't add a lot. and we have a very fragmented system. the average medicare beneficiary sees seven doctors in a year including five specialists. they're unconnected. they're not related clinically, adminively, no shared electronic records. this is no way to run a system. most americans even if they don't know the details i mentioned understand the system is broken. the way you voted suggested that the system isn't working. so we understand that we have a problem in this country. i think it is very widespread. prior to the economy cratering, health care was either the top or the second top issue in the presidential election. the second thing we need is, shared agreement on reforms. now, there are lots of proposals for reforming the health care system in this country. lots and lots of proposals. maybe hundreds of them. but they

. >>> alan stanford is feel to go heat. seems the charged white collar criminal find it uncomfortable mind bars. he wants to be moved because he's been without air- conditioning and shares a cell with up to ten other inmates. he's charged with operating a $7 billion ponzi scheme. >>> a new report says volunteering is up across the nation. in 2008 northeasterly 62 million people volunteered for something. according to to community service corporation, that's more than a quarter of the population. the most poplar activity, fund raising with food collecting coming next. take a nonperishable food item to camden yards this weekend to benefit the food bank. it's all part of the continuing community commitment. >>> still ahead, look outside. we'll be back with the first warning forecast. >>> and today's midday stocks. >>> you know, it is wet. there is the humidity itself out there. you know, we've been wondering where was it. we know why it's back. what is today? >> the first day of ravens training camp. >> that's right. take a lo

stanford says it is a $3 million a year business. these plants are stanfords.is licensed by the state to grow medical marp. he gives it away in closed door meetings like this. the next frontier? >> we need to take this market out of the hands of the kids and substance abusers and put it in the hands of the state where age limit is enforced and we can get tax revenue. >> reporter: he is trying to get it on the ballot. he has failed in past efforts to legalize it. it doesn't cost much to raise these plants. if this were scaled out so that marijuana was being sold all over the country and it were legalized, some people say the cost to society would be much greater than the benefits. it is a guessing game, but a moderate estimate says if marijuana were decriminalized it would save $13 billion. if pot were taxed like alcohol and cigarettes it would b mean $7 billion, a net gain for government of $20 billion. that is not a complete picture. comparing alcohol to pot, alcohol taxes cover 10% of alcohol-related costs like drunk driving and tobacco costs cover 20% of tob

we are talking about people, talking about allen stanford and his problems with prison.says it is too hot many his cell in texas. stanford claims he's been without air conditioning and shares a cell with ten other inmates. he wants to be moved from a private prison to a federal detention center. he is facing charges of operating a $7 billion ponzi scheme. >>> that bank of america branch around the corner could be shouting down. the company is planning to shrink the network of branches by 10%. that's 610 locations. on-line and mobile banking is taking customers away from traditional bank branches. >>> well, sin is in when it comes to the latest down loads of applications if for the iphone. the top three most popular appps are focused on sex, drugs and alcohol. the top is the sports illustrated swimsuit app which includes the same photos in the issue. the cost is $3. and then a medical marijuana locater application and an application to help you mix your drinks. that's this third place. my favorite is the i nap at work application that mimics typing on the keyboard or rust

the director of iranian studies at stanford university joins me live right now from palo ale toe. doctor, thank you for coming on. before i get the reaction specifically from the statement here, i want you to first explain to me, a lot of people don't know who is this group of clerics and what kind of power, perhaps influence do they have on the people of iran and perhaps more importantly, the ayatollah? >> the most important seminary in sheism in iran is scholars, teachers, the most important sources of shiite theology in iran and maybe around the world. najaf is the other center that competes with them. around 1961, '62, ayatollah khomeini organized something called the committee or the assembly of teachers and scholars of jose. it was his creation and their job was to stand against the shah and propagate these ideas. >> stand united, powerful body of religious clerics? >> very powerful body. >> i know you are -- i want to just get to your reaction of the statement, because i know you are familiar with it, it is obviously questioning the election's legitimacy, siding with the mo

trace: well, thousands of victims losing $7 million in a scheme allegedly run by stanford.he judge says he wants to hear from the victims in the hearing next month before he signs off on a plea agreement meanwhile auctioneers are beginning to sell off his many properties. the fox business network adam shapiro has an inside look at that office. adam? >> well, how does marble and mahogany sound to you? because the building is on the auction block along with all the other stanford properties. if you're wondering with some of that $7.2 billion that was allegedly stolen by mr. stanford and his company, if you're wondering where that money went, come on inside with me. >> one of the first things you see when you come into the lobby, you see this, hard work, clear vision, value for the client. >> but what the client didn't know is that the lawyer told fox business the other day that from the very beginning this entire financial empire was a fraud. >> alan sanford's office is right here behind these mahogany doors. come with me. this was san foresanford's control area. this is a co

we know u're a stanford alum. are e cardinal going toake a return this year on the fooall field or basketball court some. >> they've done well on the sketball court but footballs ugher. we he straight atudents doing great jobs. i think you'll see stanford there all the time. ncaa will se the cardinal wearing some kind o champiip ring at some point. >> i' hoful. stephen a. smith is doubtful. my definition of th national championship that ain't going to happen. >>alking about the sports thg. asking obama too immigration is like asking him to hit a home run and steal a base an then throw a itter in theam game >> great to have you. >> thank for having me. >>up ext, senator uck schumer and, in fact, aig announcement from the wte house today. hospitals addingp to help pay for health care reform but are there real strings attaed? talk about that ahead. - hello! - - ha! why y don't yotry a home cooked me... with yummy haurgehelper? oh! ta!! fantastically tasty, huh? um, it's good. what w wouldouuys like? hamburger helper.

they can sit in on the lectures at harvard or stanford. there is no reason why and adults cannot use our technology of broadband and cable and internet to sit on courses that he or she may have always wanted to take 30 years ago, but did not have the time to. that is the power of technology. i am really excited. we are having a whole host of programs. but be president economic stimulus package includes several billions of dollars almost $5 billion for broadband. the money is not enough to serve the entire nation. this is a down payment on the vision the president has. broadband telecommunications. in the 1930's, we had a great depression. there were so many people out of work. there were a couple of things that move our country forward. if it was when electricity was brought to so many homes in the country. it moves economic development. the element of broadband, having cable. having tele-communications is the next great thing that will rival the electrification of rural america. it will enable students to take courses in any type of manne

. >> chaie: let me do a qck o, you grew up in stanford and went to oxfor >> lost the rhodes competition but i got a prize from the glish speaking union. it was embarrassing because my wife had aeady won --he was then my fiance. she had already one a fulbrig and i came home empty from the ro competition along with other people then i t this csolation prize and it's been two wonderful years. >> charlie: she h a fulbright and you had an english speaking union nd you went to oxfordnd got a bhelors. >> at i got is now a master' degree it was just a degree where you write an independent thesis. do an independent stud >> charlie: econics and philosophy. >> philophy and polits. >> charlie: d you think of beg an economist at this time. >> i was a history major in stanford and i took a couple economics courses. but when igot to oxford realized i didn't nt to be storian. so i went through a transition. i decided i want to be a economist, b oxford at that me was not the place to study economics. u.s. was dinitely a place to study onomics. i nt to see isah berlin the grt philopher and asked him what

the most impressive round today by a stanford guy with the initials t.w. not tiger woods. tom watson. >> it was a walk down memory lane to a certain degree because you use some of those shots that you did before, that you did well, to help you in the present. i used my bank of knowledge from back playing here in 1977 and the other events that helped me out there today. >> he gives hope to all of us old guys. so there is your leader board with rain and wind predicted for tomorrow. jimenez, watson. who will hold up with the weather? tiger seven shots back. let's talk about the tour de france because what a day for lance armstrong. he remains in third place overall. but he had a flat tire today. fell 37 miles behind the pack. then he went feverishly after it and caught up. now he is in third place overall. meanwhile, the redskins made a little deal today. they get another defensive end. today the sum plemental draft and they selected jeremy jart mouth from kentucky. they get jeremy jarmin from kentucky. don't squeeze the jarmin. jimmy riggleman managal debut tonight with the

. >>> apparently jailed life is not sitting well for allen stanford.orneys want him transferred to a facility with air conditioning. they believe his current jail cell is too hot and crowded. he has as many as ten cellmates. he faces criminal charges for his role in a $7 billion ponzi scheme. >>> after roaming for nearly a year, daisy is finally home. she went missing after hurricane ike struck last year and for ten months the family looked and looked. they never gave up hope and then last week the call they were waiting for. >> in the middle of the street, 1:45 at night crying and thanking the lord. it was a wul, wonderful rue union. >> lacy is a blue breed, part coyote. >> i love stories like that. >> there is a lot of stories come rog out of that -- culling out of that area -- coming out of that area and they are not so happy. >>> weatherwise, hot, sticky conditions. you know, just typical d.c. july weather. >> just uncomfortable? >> yes, after a great start to the month of july, we're gonna wind it up with a touch of summer. let's start with the th

tom serves on the faculty at stanford and harvard, and this responsible for the widely popular blog keeping track of the court. to my right, the acting solicitor general of the department of justice. he frequently appears before the court in his capacity as a private lawyer now. finally on my far right, he spent five years as assistant to the solicitor general. it was a former law clerk to justice thomas. you invite each of our speakers to share 20 minutes or so of their comments on court decisions, and see if they have any exchange in and among themselves. then we will be led open it up to your questions and have you out of here by 10:00. with that introduction, i will turn to our first speaker, tom? >> it is always a tremendous pleasure when i get invited to come and talk at the washington legal foundation. it is impossible to overstate the significance of the foundation and its role at the court institutionally as a body that is committed to a single principle of free enterprise. the level of participation in cases that the court is tremendous. more than a dozen merits cases. it is reall

. >> cruel and unusual punishment, allen stanford canal take the heat. the fraudster says the texas jail is oppressive and he wants to be moved. if he thinks he's in the hot seat now, wait until the trial. nominee number two, so alone. a former countrywide exec reportedly tells congress in secret testimony that senators chris dodd and kent conrad knew they were getting special treatment on their loans. nominee three. >> frere shocka. watch his face as it dawns on him that organizers are playing the national anthem that isn't spanish, it's danish. he later says something to his french host which probably needs no translation. >>> number four, snappel.l. a snapshot of steve jobs, the first image after returning to work from transplant surgery. in another sign that apple has been weird about this whole story, the photo breaks on tmz.com, which says it was shot on an iphone. and finally -- >> nominee five, a comi con, daunte'sin ferno, as fans are encouraged to, quote, commit acts of lust on women at the expo. the models in the booth -- complaints pour on to

. >>> one of allen stanford's top lieutenants will be in front of a judge today in houston. james davis, the former chief financial officer at stanford financial, will be arraigned at 2:00 p.m. new york time. davis' attorney said his client has agreed to plead guilty to three criminal counts he faces in the billion dollar ponzi scheme. davis will inform the judge of his attention one a deal is worked out with the government. allen stanford remains in jail until his trail. >>> microsoft may fire the next shot in its battle with google. the financial times said the company will push ahead with online versions of its core software. this includes plans for a cloud operating system designed to extend windows to the internet. >>> separately, the "wall street journal" wants that microsoft is pitching a deal to five advertising companies to buy as ad agency omni fish. microsoft closed at 2239 friday. google hospitaliwill be reporti week. >> you can find all the news at cnbc.com. >>> coming up, u.s. treasury secretary timothy geithner is in london to meet with gordon brown and alstai

ebbers 25. >> 25 years, skilling 25 years. >> the judge just set the bond for the ex-cfo in stanfordt $500,000, pertinent to the conversation we are hearing this now. go ahead. >> so, take ebbers, ebbers is a gay who was an $11 billion accounting fraud, went to trial, didn't cooperate in anyway way, didn't admit he was guilty. it was a long, drawn-out trial, takes a huge amount of resources, he got 25 years. you are talking about someone like dryer, i disagree with jim completely, drier, 145 years for pleading guilty doesn't matter if you are caught red-handed, might as well make the government go through all the work of proving each detail of that case beyond a reasonable doubt. >> what does the public think? this is about the public perception that white collar criminals get treated better than -- >> the money back. >> minority people, also trying to get him to sing, you know, a lot of people like myself are still annoyed, madoff never did sing. we don't know the full story. how do you deal with that? >> the federal court in manhattan, 90% of the criminal defendants plead guilty. i

backlog of things that i -- remember the first time i was in a demonstration, i was with my father at stanfordniversity, and i can't even remember -- i think we were against bombshell ters. and somebody started dropping water balloons on us. so i had some idea from the beginning. i was 18 and i went to a sane rally. and pete seeinger was there started pelting with us eggs and toe tay mows. i -- tomatoes. i didn't mind that. it's some sort of honor. you're doing something and they throwing tomatoes. [laughter] tavis: i want to go back to something you said a moment ago. indulge me. i was speaking to an audience in texas. and i was giving this point came out. george bush, i was there speaking right after the president had returned -- former president had returned back to texas after leaving the white house. and you know this because you were there, when dr. king came out against the vietnam war, everybody as you recall turned against him. the naacp, now celebrating its 100 years, roy wilkins turned against him. lyndon johnson disinvited him to the white house, everybody turned against dr. king.

. >> we had two research scientists from stanford come forward.a month ago and offer their assistance and their lab, free of charge. >> reporter: from professions in between including an athlete in florida who wanted to run on his behalf. >> it is overwhelming but at the same time he is excited to know people haven't forgot about him in that hospital bed. >> it has been two years since they walked in the door at st. johns and since then word of his disease has spread across the nation and around the world. while the trial and tribulations haven't gotten easier for nikki and her family she say the help of strangers helps through each day. >> he is in so much pain and suffering through so much and we miss our children so much and i will get an e-mail from somebody saying i'm praying for you and everything is going to be okay. and it is one of the only things that keeps me going and able to encourage him. >> reporter: it with the help of encouragement from strangers that is solving the disease piece by piece. >> they were figuring out small pieces of

i have another survey i am doing at princeton and at stanford that uses the same firm, and we are doing 6000 people. some of the differences we point out here, we'll be tracking in the 6000-person survey. i also think it will be interesting to share anecdotes. before we did the survey, jacob and i went to pakistan to enumerate our training. i think it is important to understand the vernacular is distilled out. one of the important things we found only did the training -- and those of the people going out to interview the participants -- we went through every single question in minute detail, and question them vigorously to make sure they understood the question period will be found in 2007, there were a lot of respondents who did not know and did not want to respond. we were trying to figure out whether they did not know or did not want to respond. to minimize the do not know, which spent a lot of time making sure they understood technology. there are two interesting findings we have from the trading -- training. when we asked people what is al- qaeda, most of them -- who were all well

, a cklog of thingshat i - rememberhe first time i was in a demonstration, i was wh my father at stanfordversity, and ian't even remember -- i think we were against bombsll ters. and somody start dropping wateralloons o us. so i had some idea from the beginning. was 18 and i went to a sane rally. d pete seeinger washere started pelti with us eggs and toe tay mows. i --omatoes. i didn' mind that. 's some sort of honor you're doing somethi and they thwing tomatoes. [laughter] tavis: i want to go bacto sothing you said a ment ago. indulge me. i was speaking to a aience in texas. and iasiving this point came out. george bush, i was tre speakingight after the president had rurned -- former president had returned back to tas after leang the white house. d you know this because you were there, when dr. king came ou against the vietnamar, erybody as you recall turned againstim. the ncp, now celebrang its 100 years, roy wilki turned against him. lyndon johnsonisinvited him to the white hse, everybody rned against dr. king. i knewhis. i went back to d some research on this. turns out that the last

i have another survey i am doing at princeton and stanford that use the same firm, and we are using 6,000 people. some of the interprovincial differences we point out here we are going to be thracking. before they signed up with this firm to do the survey, jacob and i actually we want to pakistan to do enumerator training. one of the most interesting things we found when we did the enumerator training, and i mean those people that are going out to interview the participants in the survey, we went through every single question in minute detail, and we questioned them very rigorously to make sure the enumerators understood the question. we understood in our previous sample in 2007, a lot of respondents said they did not want to respond. trying to figure out whether they don't know or didn't want to respond is an important issue. so we spent time making sure the enumerators understood the terminology. when you actually ask people do you know what al qaeda is, most of the enumerators, who were very well educated, all of them have the 10 plus two, almost all of them hat b.a.'s, and almost all

about that we welcome back to the program michael boskin, who is now a professor of economics at stanford university. so nice to have you on the program, sir. thanks so much for spending the time. >> great to see you again, maria. >> and good to see you. so in your time as chairman of the president's council of economic advisers under the first president bush, you said the challenges facing the administration were similar to what the current administration is faced with. can you draw the parallels and tell us where you think the current policy makers are moving too far to the left? >> sure, maria. when president bush was president starting in 1989 we had the money center banks were insolvent from their latin american debt after the mexicans repudiated their debt. the savings and loans were in crisis, and we had to shut down 1,000 of them to prevent the unhealthy savings and loans from infecting the rest of -- and raising the cost of capital for the rest of the financial institutions in the economy. we had an oil shock when saddam hussein invaded kuwait. we had a recession that was a much

former stanford financial cfo james davis agrees to plead guilty on three felony counts in connection with a ponzi scheme. the deal making it tougher for allen stanford, who is charged with running the ponzi scheme, to maintain his own innocence. davis faces up to 30 years in prison. separately, a class action suit is seeking $24 billion from the nation of antigua, claiming that the government was "a full partner" in the alleged ponzi scheme. >>> oil prices once again down today, falling sharply in early trading. crude finished the session down 20 cents a barrel off the lowest levels. below 60 at 59.69 a barrel. the pullback coming on inventory levels and renewed concerns on economic weakness following last week's market sell-off. we get more on the market right now as we bring in david cass. he's chief investment officer withmate rix asset advisers. along with richard sparks, senior equities analyst with schaeffer investment research. let's talk about this rally we saw today in stocks, certainly led by the financials. david, do you think that the financials are out of the woods at th

. >> stanford, the chairman of stanford financial charged with funding the ponzi scheme. he's finding out that his texas jail cell is too hot to handle. he's requesting to be transferred because his northern houston holdings don't have air-conditioning and reports the conditions are oppressive. >> and i bet you think he should get that. >> absolutely not. he can sweat it out. >> yeah. he can rot. >> he can rot. everybody agrees he can rot. >> are you okay with that? >> different colored chrome on the toilet. >> he looked pretty good going into this gig. >> way too good. >>> coming up next, the health care debate rages on in washington and on the street. what obama's final plan might actually look like and how it's going to change your trade coming up.al been let us recycle your older vehicle, and you could qualifyn additional $3500 or $4500 cash back... on top of all other offers.. on a new, more fuel efficient chevy. your chevy dealer has more eligible models to choose from - more than ford, toyota, or honda. so save gas... and money... now during the chevy open house. g

stanford. atlanta. dallas. and of course here in baltimore. tonight we mark the first sell out in the challenge. 71,000 will jam this stadium and that's a fact that is not lost on participants themselves. >> it is fantastic to fill the stadium because there are a lot of them that came to see the match and we want to do the best and enjoy the time in usa. >>reporter: chelsea and ac milan the ball drops right around 8:00 o'clock here at mnt bank stadium. news from the ravens. they have signed a receiver. vince will tell you all about it tonight on sports unlimited as well as having highlights from ac milan and chelsea. that's the story from downtown back to you in the studio. >>> thanks bruce. can you believe we are coming up on the last weekend of july. what is in store weather wise. jessica star is back now with the rest of the sky watch forecast. hi jess. >> hi karen. definitely going to feel very summer like outside. throughout the weekend. hot humid conditions and currently dealing with scattered thunderstorms in the vicinity so let's go ah

there was no chance of me going to stanford. there wasn't any chance of me going anywhere unless it was almost free. and as it happened, i went to the best or certainly one of the two or three best universities in the entire world, the university of california at berkeley. it cost me $52 a year. i could not have gone to college had it not been for that. and today that university is under tremendous stress because of proposition 13 in california. they're denying it the funds that they need to maintain excellence. people have said to me many times in the last 20, 30, 40 years, "you've been in business. you, why do you think the state of california has been the preeminent state in this country in terms of, i'll call it, industrial advance? silicon valley, for example. why is that?" there's one major reason. it's the educational system, the public educational system. the schools i went to and the university and that university system trained the people that in large measure contributed to the social and economic advance of that stat

she is a media fellow at the hoover stanford university, serves on the board of visitors on the level of journalism and a georgetown, the center for free inquiry and hanover college in indiana and business for diplomatic action. she is also a member of the council on foreign relations. please join me in welcoming hallandale. [applause] >> thank you, john, and thank you to all of you for being here today. we are going to have a very interesting program. we tried this video link-up with moscow just once before, this scenario, and i think we are improving on a technique so i think this morning we should have a fairly smooth run by the looks of it. we have from moscow the head of the heritage moscow office and also joined by other commentators over there. as you all know, we are looking at ads in a event in the early years of the obama administration, the summit in moscow on july 6 through 8 with president medvedev. the relationship is in the united states and russia is one of the most important finding in foreign policy. we hear and heritage are deeply interested in some concern at times

"the financial times" fee furred a common fare piece who is an assistant professor of history at stanford university. with the headline on it, "iraqis are too shrewd to fall for an invisible occupation." it is a follow on to what the plan is for the redeployment of american troops there. he writes, we are at the beginning of the end. on tuesday u.s. troops left iraq's cities and in two years they will leave the country. or so the official story goes. in reality, most of the troops are going to forward operating bases which they will be hunkering down. and expensive built to last facilities. later on he writes, iraqis are too shrewd to fall for invisible occupations as me did in the 1930's with the british. the piece closes this way. in 1932 as now rhetoric about withdrawal was aimed at global as much as iraqi opinion. instead of attending only to appearances, stroking the fears of the people familiar with nominal independence, the u.s. and iraqi governments should deliver the reality iraqis and americans want. yes for independence, the troops basically out. that's my addition on the end t

the energy modeling form at stanford university brought together a group of elite experts to assess the chances of a major oil supply disruption. they identified major areas of the globe where oil disruptions are most likely due to geopolitical, military, or terrorist threats. those areas include corks the rest of the persian gulf, russia, and the caspian states, a group of nations in african south america account for 60% of oil production. so the threat of disrupted supply is a serious country for -- a serious one for our economy. as we found out during the oil shocks of the 1970's which cost our economy about $2.5 trillion, if raimented today, such a crisis would cost our american economy about $8 trillion. we're reminded of the threat of supply disruption again when hurricanes katrina and rita disrupted supplies and cost price spikes -- and caused price spikes here in our nation. these don't supply the u.s., but they do supply our allies and in a global oil market, these supplies are dependent. a disruption of european oil supplies would have effects on our economy. we also expend ex