you heard a man fresh from occupy sydney we'll hear from economist steve keen news coming to us from down under meanwhile u.s. housing is still in the doldrums and consumer confidence there with it home prices in twenty major cities ball more than predicted and consumer confidence slumps to its lowest level since the spring of two thousand and nine when mind you the u.s. was in a recession this as us president barack obama announces efforts to try to revive a sinking program that aims to help underwater mortgage borrowers and in response mortgage bonds plummet to a new six month low meanwhile european finance ministers cancel a meeting on the debt crisis scheduled for tomorrow casting doubt that a grand plan will come to weak u.s. lawmakers met today in congress to talk about the eurozone crisis themselves will break down the lesson they should be taking away and after wall street solved profits a rebound in two thousand and nine thanks largely to u.s. government aid and bailouts some big banks now are seeing profits think executives are reportedly warning about a great depression or

i welcome back to the kaiser report i'm max kaiser time out of london and speak with professor steve keen steve is the author of deep economics which is just been rereleased as debugging economics to the naked emperor do you thrown steve keen welcome to the kaiser report thank you max good to be here and good to be holding. my new edition of the barking economics all right steve keen you've been in europe for the past week while extreme volatility has returned again to the sovereign debt and equity markets is this a classic minsky moment type collapse action if so tell us what it means the moment is well it's actually a moment doesn't diminish the jostling is more low this is more like it was of the miscue millennium because this process began. and with the debt bubble that took fifty or sixty years to build up in america and will take something like about ten at least ten to fifteen maybe twenty is still on wind if we go through the same sort of in nine policies the politicians currently following by following the dos of the morons whose theories i write this book about me across it look

economics which has just been rereleased as the bonking economics to the naked emperor the throne steve keen welcome to the kaiser report came out it's going to be here i'm going to be holding. my new edition of the barking economics all right steve can you ben in europe for the past week while it's. dream volatility has returned again to the sovereign equity markets is this a classic minsky moment type collapse action if so tell us what have minsky moment is well it's actually a misc a moment doesn't diminish think is more low this is because of the minsky millennium because this process began with the debt bubble that took fifty or sixty years to build up in america and will take something like about ten at least ten to fifteen maybe twenty years to unwind if we go through the same sort of in nine policies that politicians are currently following you know following the dos of the morons whose theories i write this book about me across at work on the mists so it's a it's a permanent shock and the moment comes out of saying that they can be a period of extreme rational exuberance providing t

playful and colorful and doing games and graphics and these nice things that is something that steve was keeng to people to get the market started. he was a marketing genius, like you say. >> i know we have to let you go and you were talking to everyone this morning and we appreciate your time. i want to ask you one last question about steve jobs was very private, even in his illness he was very private. what can you tell us about steve jobs outside of apple? the private guy. >> he had a very good control. i am naive and all over the place and nice to everybody and steve had a very good control of himself, his life, what was needed to make him and he loved his family. he was a very good father. and when he spoke to me about his kids and his interactions with them and he knew what it took. same thing with apple. it took a lot of privacy, really, to allow apple to develop good things the right way. so, he was more than anything else, he had really good control of himself. really good discipline. >> steve wozniak, thank you for being with us this morning and sharing your stories about steve jobs

i explored the google apple relationship because something went terribly wrong at steve jobs apparently keen to feel that he had been betrayed, they entered this not what he thought it was going to be. and what he had envisioned this as a great pair, the broad range of humpty bogarde launching off to rule the digital world is there come knees were entirely complimentary wasn't to be. even said to his employees, we are not doing a search engine, why are they doing a phone? and eric would always tell me, we have it all figured out. i leave the room and in some ways frenemies is a big deal in silicon valley. it happens all the time. but clearly there was more going on beneath the surface they are, to the point but that relationship a fractured. >> yakima steve jobs is actually kind of mentoring that when they were younger and they won a tennis eeo. >> he would walk with sergei. steve jobs is respected superhigh oleic google. marissa mayer takes her younger managers and project managers to steve jobs keynotes to see how it done. so despite all this, you know, you won't find anyone at google who

but, you know, it's more than that because steve jobs didn't just change the way we communicate. with his keen eye for design and a sleek pair of white earbuds, he made his customers cool and today they showed their appreciation. the grief mirrored steve jobs's worldwide reach expressed from times square to tokyo in its own unique way. >> someone who did so much. makes me want to do more. >> to me it's comparable to the day that princess diana died. i guess steve jobs was one of my heroes. >> he opened our minds. we saw the world differently. >> reporter: his products brought the news to fans in atlanta. >> i heard about steve jobs's death on my mac book pro. >> i was on twitter on my ipad. >> i heard about it on my ibook g-4. >> reporter: on this morning's "today" show, matt lauer demonstrated the power of the products. >> an ipad, ipod, iphone. look at it. that's impact. >> reporter: they are everywhere. an iphone in the war zone of afghanistan. an ipod in the international space station and today, the ipad used by this american scientist in antarctica and the second grade class at st. marga

police abuse and intimidation and coming up next hour artie's max kaiser and steve herbert explore just why saudis are so keen to keep these protests quiet. then big brother bernanke he goes watergate prepares to eavesdrop on everything mentioning the fed yes the fed is apparently seeking the creation of a social listening platform so they can see who's talking about them and importantly know when they're making negative comments and perhaps intervene and prevent this negative comments from happening but this is some of the unintended consequences of the patriot act this is the paranoia of the. breaching all kinds of laws they're not bernanke you want to just do wholesale spying on people to try and figure out who out there is trying to get rid of the fed in this paranoid schizophrenic delusional mind set he's got let me just point one thing out ben bernanke i am volunteering to come to washington to help you straighten out your problem if you read everything i've ever written and you eavesdrop on me all day long and stick a video camera up my strange thing you'll find out that everything i'm said can only he

keen attention but now it's pretty good scrutiny. >> well, we know where he is approximately, where steve jobs was laid to rest and how fans can pay tribute. >> and why did the tarantula across the road text can it will take you up to mt. diablo for the annual arachnid pilgrimage. >> and it gives new meaning to the mind blowing link between sex and temporary amnesia. >> what did you say? letter and it looks like outside we just have a few clouds tonight but it will end up being of sunny and warmer day for your thursday. i will pinpoint when the rain will return as eyewitness news returns after this. the san bruno neighborhood rocked by last year's pipeline explosion is finally reconn >> headlines around the bay area now, the san brno area but by last year's pipe bombing is recovering. barricades had divided the neighborhood into ever since that day. hundreds cannot pay their final respects for one of the victims of deadly shooting at the cupertino quarry. then well to shot and killed along with two others at the lehigh cemetery plant last wednesday. the gunman died thursday from the self-inflicted gunshot wound and the general for