a permit gives you the right to emit a ton of carbon into the air power companies and steelworks produce a lot of carbon, so they often get involved in emissions trading. each company is issued a specific number of permits in accordance with our climate target. european industries are required by law to emit 20% less by the year 2020 -- so their carbon footprint has to be less each year. companies have to budget with their permits, because once they're used up, the company has to trade. its options are -- 1, invest in clean technologies and reduce its carbon emissions that way, or 2, buy permits from another company that has some left over. but the company can also invest in green projects in developing countries. instead of cleaning up production in its own factory, it can invest in wind turbines, for instance. that cuts carbon emissions somewhere else. because emissions trading gives carbon dioxide a price tag, there's a business case for clean energy. and that helps the climate. >> an elegant concept, but these days the positive results from emissions trading in europe are beginning t

germans have the sense that we retire at 67, the greek here dresser retires at 50, and you want a steelworker in berlin to subsidize the greek hairdresser? >> they don't have a central bank, either. they need something like the fed. >> for the germans, the central bank is just the way of saying the germans will sustain the rest of the problem, and the germans don't want to do it. >> what do you say to the german steel worker? >> there is something very serious happening in europe will go beyond the financial crisis. this is a worrisome thing. dark, dark clouds are hanging over their banks. -- over there. you don't want to have this situation much longer. >> a house committee hold attorney general eric holder in contempt of congress. >> our purpose has never been to hold the attorney general in contempt. our purpose has always been to get the information that we need to complete the work that it is not only entitled to, but obligated to do. >> the committee on oversight and government reform is supposed to root out problems and find ways to reform how government works. it should not be a polit

i also want to pick knowledge of the steelworkers, iron workers, the other workers who helped bridgebuild this bridge. can you imagine that? actually working on the bridge. our very special guest. today, we come together on the 75th anniversary of the golden gate bridge to cut the ribbon, a member of gives to the bridge, designed to showcase this landmark, tell its story, and tell its history. others have already said what they are. we will go on with the ribbon cutting momentarily. we want to also celebrate what this bridge has given us, what it has meant to our city, state, and nation, from sea to shining sea. we are possesses of this bridge in this area but it is a national treasure. and it is recognized throughout the world as such. before there was a golden gate bridge, there was a golden gate, a golden gate way to america. the place where our troops came home from battle. when they came through the golden gate, they knew that they were home, safely home. it is a symbol of hope for immigrants who have come to our shore, and when they came through at golden gate, decades and deca

i also want to pick knowledge of the steelworkers, iron workers, the other workers who helped bridgebuild this bridge. can you imagine that? actually working on the bridge. our very special guest. today, we come together on the 75th anniversary of the golden gate bridge to cut the ribbon, a member of gives to the bridge, designed to showcase this landmark, tell its story, and tell its history. others have already said what they are. we will go on with the ribbon cutting momentarily.

he picked the south side with the steelworkers. they saw their jobs, their communities, their lives slipping away, and when he was in that oval office, when the decisions are tough, and the chips are down, it was their voices, and their values that he remembered, so when it comes to the automotive industry, i know it comes as a shock, but many said, "let it go bankrupt. letting go." he remembered the automotive workers to build this country. it was the automotive workers to build an middle class, a community, and those are the values, those are the voices you want in the oval office. there is a lot of noise out there, a lot of screaming, conventional wisdom telling you to let it go. but you have someone to remember the people he worked with when he left law school, what he saw in their eyes and what he heard in their voices. those are the decisions that get made in the oval office, and you have to have the toughness to make those decisions, and you have to remember who you are therefore, so when it comes to the president of the uni

members of the united steelworkers picted back in february and were upset with the benefits being offered, particularly health care and pensions. the company has agreed that it will not make substantial changes to their benefits over the course of the three-year deal. a familiar hayward gathering place has closed its doors for good after more than six decades in business. bencherra's italian dinners has been serving home style meals in hayward since 1998. john and his son joseph broke the news to the restaurant's 35 employees on tuesday. he told us the time was right to go out on top. >>> the last day of school leaves mixed emotions at this bay area campus. tonight, we're learning about more fall-out from a senior prank that went too far. >>> and is it a big security boost or just big brother? the computer that can keep watch on passengers riding busses and trains. we currently have a bigger fog bank pushing back into the bay. coming up, i'll show you where the fog will be first thing tomorrow morning and i'll let you know when 90 degree heat returns to the bay area forecast. [ male annou

steelworkers were bad jobs. we made them good jobs with collective bargaining. [applause] >> come up with an economic agenda and keep people on it. don't let them digress into deficit nonsense that the only way to go forward is to keep cutting benefits and eating seed corn, forcing people to invest in infrastructure, forcing them to invest in job-creating green jobs that will save energy and give us a better future. those of the tickets forward and that is the way we grow and create an economy that gives every kid a chance. we have a couple kids out of 5 that go to bed hungry every night in the richest nation on the face of the earth. that is intolerable. that is unacceptable. elderly people don't have health care. they can't buy medicine. in the richest nation on the face of the earth that is intolerable. we can change it. >> taking the first questions from the audience. the first one dovetails nicely with the point by the federal reserve to basically let go one of its twin imperatives. it is important particularly for the progressive bloggersosphere and i will

joining me now, khurbg rocha, former political director for the united steelworkers and mike greene,dent of uaw local 62. i'm so happy to have you both here with me. chuck, let me start with you. this is from a politico writeup saying one could easily argue the biggest loser was unions, it goes on to write they started with an enthusiasm so strong it prompted democratic legislators to take refuge in illinois, teachers to turn the cap fal into a scene from the 1960s to a 19 -- to a 1960s war protest and voters to rebel, unions seemed roaring back to life, they ended defeated and badly so, saying they've lost the political and public relations wars. what say you? >> i think the story last night out of wisconsin is that the cause of the -- because of the ground effort, we were even able to keep it close, being outspent 8-1. anyone who runs campaigns for a living knows if you outspend 8-1, it's tough to overcome that, but in the wake of this money that was spent, the take on the unions and take on the workers, we still won back the state senate, even though we were outspent 8-1. mike mik

union brothers and sisters there in wisconsin, and i say it as a former ibw sister and husband as a steelworkernion leadership there, those thug who is wanted to deceive their members into believing that growing government is the answer. well, perhaps it's those union leaders that need to be recalled and replaced with those who understand what perhaps an union role could be in state government. not a selfish role, or a role that allows government to continue to grow and create an insolvent situation in a state. >> is that a child saying, shut up, my ears are bleeding. >> it was someone trying to taking down a transcript of whatever it was she was saying. >> slow down and take a breath! i see, with unions we should replace leaders with leaders who will just lay down. >> she's frankly shocked because her ibw local, the president and the secretary have served their entire term, and she's like, i don't know what to do? they just won't leave. they've been there for a year and a half. [laughing] >> all right, deena, you have 7% of the workforce go goaded on by fat-cat union bosses who live out of sta

my husband is a 36-year united steelworker. we belong to local 1010, proud of it. we have contracts coming up and it is discussing how they started off thinking how they're going to treat us. i don't think so. when has it become a dirty word? i don't know where people get this notion because of karl rove and big money -- when is it a crime that you have to penalize a teacher, a police officer, a fireman, people that are scraping by but they actually get up and go out there and protect the people? mitt wants to be president of the united states, but he lies to the people when he has offshore money and offshore tax haven accounts that he will not adeven admit to and he will not even protect the taxpayers of this country. host: let's look at what mitt romney's campaign said after walker won -- looking at our facebook page, here is how some folks are weighing in -- and on twitter -- wilmington, delaware, brian is a libertarian. hi, are you with us? caller: this is joanne from connecticut. host: what is your comments? caller: i'm really happy that governor walker onwon.

[video clip] >> i was a steelworker for 30 years. we had a reputation for quality products.ng that was american made. we were not rich, but i was able to put my daughter through college. >> a good paying job that you can support and raise a family on is hugely important. >> that stopped with bain capital. >> bain capital was the majority owner. they were responsible. mitt romney was deeply involved in the influence that he exercised over these companies. >> take us through your fact checking for that ad. guest: it was tricky. it was not one single fact stated in that. we took the press release about this ad then we took a statement from it that after they bought sgt, mitt romney loaded it with debt, and walk away with a healthy profit. we took that and broke it into parts. we looked at each part and determined that we did deserve the rating of mostly true. they did heavily loaded with debt. they close the kansas city plant and did make a profit. we did not rate it true because there are some outside factors. the market for steel had declined tremendously. some other outside

my husband is a 36-year united states steelworker, ok. we belong to local 1010. proud of it. and we are going -- our contract is coming up and it's disgusting how they started off thinking how they are going to treat us. i don't think so. when has it become a dirty word -- i don't know where people get this notion because of big money and money bgs mitt that -- when is it a crime you have to menalize the teacher, a policeman, fireman, people that are scraping by, actually get up, go out there, and protect the people like money bags mitt, the guy wants to be president of the united states but he's starting off lying to the people when he's got offshore money in offshore tax haven accounts that he won't even admit to. and he wants to protect the taxpayers of this country? host: let's look at what mitt romney had to say what the campaign said after governor walker's win last night. governor walker has demonstrated over the past year what sound fiscal policies can do to turn an economy around. tonight's results will echo beyond the borders of wisconsin. governor walker has shown

[video clip] >> i was a steelworker for 30 years. we had a reputation for quality products. something that was american made. we were not rich, but i was able to put my daughter through college. >> a good paying job that you can support and raise a family on is hugely important. >> that stopped with bain capital. >> bain capital was the majority owner. they were responsible. mitt romney was deeply involved in the influence that he exercised over these companies. >> take us through your fact checking for that ad. guest: it was tricky. it was not one single fact stated in that. we took the press release about this ad then we took a statement from it that after they bought gst, mitt romney loaded it with debt, and walk away with a healthy profit. we took that and broke it into parts. we looked at each part and determined that we did deserve the rating of mostly true. they did heavily loaded with debt. they close the kansas city plant and did make a profit. we did not rate it true because there are some outside factors. the market for steel had declined tremendously. some other

. >> i was a steelworker for 30 years. we have a reputation for quality. it was american made. we were not rich, but i was able to put my daughter through college. >> having a paint job that you could support a family on is important. >> that stopped with the support of the plan with bain capital. >> an capital was the majority owner. they were responsible. romney was involved in the influence that he exercised over these companies. >> take us through your fact checking. >> this one was tricky. some are tricky because there was not one single fact stated in that. there were vignettes. we took the press release about that and took a statement that said, "after they bought the company, romney loaded it with debt, close the plant, and walked away with a healthy profit, leaving hundreds of employees out of work in their pensions in jeopardy. " we look at each part and determined it deserved a rating of mostly true. they did heavily loaded with debt, they close the kansas city plant, and made a profit. we did not write a true because there are some outside factors. the market for st

steelworkers were bad jobs. we've made them good jobs with collective bargaining. [applause] to come up with an economic agenda and keep people on it. do not let them digress into this deficit nonsense that says the only way we can go forward is to keep cutting benefits. forcing people to invest in infrastructure. forcing them to invest in job- creating -- saving energy and give us a better future. those are the you -- that is the ticket forward. it does give every kid a chance. right now we still have a couple of kids that go to bed hungry every night in this country, the richest nation on the face of this earth. that is unacceptable. we still have people that do not have health care that cannot by madison and the richest nation on the face of the earth. that is unacceptable. we can change that. all of us can. [applause] >> i will take some of the first questions from the audience. the decision by the federal reserve to basically let go one of its twin imperatives. i think this is an important point. it is important for the progress of blog is feared to be able to

hickman found a job that wisconsin's seal for the older generation and the room was one of the major steelworks makers in the country. massive plan on the south side chicago that is now gone. he struggled for a year to try to find these for a large family. when he finally found its ended up being at the hands of a man named david coleman who was african-american. wasn't as rare to have african-american landlords but they were a distinct minority in side of the african-american neighborhoods. he promised an apartment. what they got was this one room hubble on the fourth floor in the attic that they can find six people to. it was a common practice among landlords both white and black because of the enormous migration of blacks to the north and the small number of available apartments to cut these apartments up into smaller and smaller ones like i was saying and they would do this when people go to work. they go to work can come home and find out you were kicked out of your apartment or your apartment was cut in half and made worse by the return of black war veterans who couldn't find housing. whe

d a law signe removing this from steelworkers.t means that individuals did not paid to strew unions. public workers from coast to coast. y i am si am so proud to sa in a union. i came out of the war shot up. the union got me a job. i love the union. if it wasn't for the union i cannot take care of my family. please, don't take it. >> he seemed to be a proud union worker and good for him. at the most have rejected labor unions. only seven% is unionized today. that strikes me as remarkable. >> it is not the voluntary association unless they will recognize you. bilbathis is not collective bargaining. >> that cannot agree with that. 93% of american workers and the private sector in a cushy individually. we have a very dynamic economy. we what workplace flexibility. we want individual pay for performance. collective bargaining tends to imposes on the workplace. >> we have new york on the line. >> i filled the unions are being scapegoating to what hap thehapn wall street. aig was spelled out by taxpayers. what he says about flexibility