innovation to you right now? >> yeah, the genius of american philanthropy which leads to world by far is the one volunteerism. number two, as the american industrynnovation. so i think we are seeing in, for example, education, dramatic change taking place in terms of charter schools, in terms of focusing on stem -- the science technology, engineering, and math. things that will transform american education which will transform the american economy. >> this is a very good point. and a lot of, right now, across theountry seeing certain areas become rewired for what you're talking about, technology and science. gentlemen, thank you very much. >> thank you. >> great to have you on the program. charles bronfman and jeffrey saloms solom solomon. >>> up next, the news that will have an impact on your money and what autton wood tree and ice what autton wood tree and ice have in common. >>> we have some big news to tell you about beginning in january we will have a new home. look for "on the money with maria bartiromo." we will exciting new segments for, you great guests and, of course, i will be here as well. join news january. first, look at the storie

innovation to you right now? >> yeah, the genius of american philanthro philanthropy, which leads the world by far, is number one volunteerism. number two, as an american industryng, in -- for example, education, dramatic change taking place in terms of charter schools, in terms of focusing on stem -- science technology, engineering and math. things that will transform american education, which will transform the american economy. >> that's a good point. and right now, across the country, you're seeing certain areas become rewired for what you're talking about, technology and science. gentlemen, thank you very much. >> thank you. >> great to have you on the program. charles bronfman and jeffrey solomon. >>> up next on "the wall street journal report", what will have an impact on your money. and what a tree and ice have in common. stay with us. tburn come between us and what we love. so if you're one of them people who gets heartburn and then treats day after day... block the acid with prilosec otc and don't get heartburn in the first place! [ male announcer ] one pill each morning. 24 hours. zero heartburn. >>> we have some big news to tell you about. beginning

entrepreneurial society look at the legacy car manufacturers which are coming back an american apparel industry is recovering america is a dynamic vibrant economy where innovation takes place all the time only in japan japan post the second world war showed what it could do they were innovators they led the world in production engineering and manufacturing but now good manufacturing is nothing special you can find in any country around the world it's been the science of it it's been formatted you need a society with this creative tensions people are prepared to think out of the box and create things in japan this sleepwalking to oblivion. there's no promotion of young talented people everything is based on age hierarchy they ignore their work force women never mind finding women in the boardroom you won't find hardly any women in middle management level all right well mr word for i appreciate you giving us that perspective because when people talk about japan they're probably mostly talking about the public side in the government debt now sort of thing in the low growth the debt overhang so interesting to hear that corporate perspective i appreciate you being o

the more expensive a regulation is, the less money a business has leftover to give raises or hire new people. we must not let american innovation in our energy industry go to waste. we have the potential for all kinds of new middle class jobs- from the fields and platforms where we drill, to the manufacturing plants that will return to the u.s. with the lower cost of energy. but we need government to encourage these job opportunities, not continue to block them. a return to sound monetary policy would also help by making the future value of a dollar more predictable. and we must get the cost of health insurance under control. you should be able to get a health care plan that fits your needs and your budget, from any company in america that's willing to sell it to you, and with the same tax benefit if you buy it yourself or have an employer buy it for you. these ideas will help create middle class jobs. but we also have to make sure that our people have the skills to do these new jobs. and a limited government can help by promoting curriculum reform, teacher training and empowering parents with the freedom to choose their kids' school. our tax code sh

the more expensive a regulation is, the less money a business has leftover to give raises or hire new people. we must not let american innovation in our energy industry go to waste. we have the potential for all kinds of new middle class jobs- from the fields and platforms where we drill, to the manufacturing plants that will return to the u.s. with the lower cost of energy. but we need government to encourage these job opportunities, not continue to block them. a return to sound monetary policy would also help by making the future value of a dollar more predictable. and we must get the cost of health insurance under control. you should be able to get a health care plan that fits your needs and your budget, from any company in america that's willing to sell it to you, and with the same tax benefit if you buy it yourself or have an employer buy it for you. these ideas will help create middle class jobs. but we also have to make sure that our people have the skills to do these new jobs. and a limited government can help by promoting curriculum reform, teacher training and empowering parents with the freedom to choose their kids' school. our tax code sh

it's a return to a tried-and-true system from the rediscovery of an important innovation which american financial markets and industry expanded on to reduce costs. i think the way we want to look at the problem is to find a way to improve the extent of central clearing, improve the extent to which central clearing can reduce costs and there are lots of ways to make that implementation better. so in closing, i hope we can focus on true in effect means for reducing costs to nonfinancial come in a's and avoid focusing on it affect ones. thank you very much. >> any thank you and the entire panel. before you proceed to questions to put into the record, two statements. one is the testimony of terrence duffy, executive chairman of the subcommittee for the committee dated 12. without objection so ordered. secondly, testimony of the companies supporting competitive derivative markets for this committee hearing today. without objection so ordered. i yield myself at venice. not necessarily running down the hall is simply can't get that in five minutes. i'll start with mr. parsons in my mind. thad cochran is the way we're going

the final say on it. [applause] getting control of our debt. it is critically important. it is not enough. we need to do more. we should expand our domestic energy industry. american innovation has given us access to massive new deposits of oil and natural gas, making america one of the most energy- rich countries on the planet. this new energy opens all kinds of new middle-class jobs come from the fields and platforms woodrow, to the manufacturing plants that return to the united states with a lower cost of energy, and these are the types of jobs we need most, right now. middle-class work. we need to take full advantage of this. [applause] by tearing down unnecessary regulatory barriers to tapping our own energy sources. a sound monetary policy would also encourage. the way our interest rates and currency are treated is another cause of unpredictability injected right into our economy. we need to have a balanced approach to regulation. we need to weigh the benefit of any given regulation against the impact it will have on job creation. that is why we should implement something like senator paul's act, so that congress that's the final say on it. -- gets the final say on it.

the work of business people creating companies, and tire industries that really fuelled the american story -- entire industries that really fuelled the american story and let us to the leaders of the free world. it was taking pioneering, innovativeiness people that really helped build this nation. the pioneers and patriots, thomas jefferson, the connection to uva, many others, there are a lot of facets to the story of america. one really important one is the role of the economy, particularly the role of innovation that drives the economy. that is the context. as we sit here today, good news, bad news. the good news, we still remain the most entrepreneurial nation, the envy of the nation's and the world. the bad news is other nations have figured out that the secret sauce that has propelled america is the american story, this entrepreneurial economy. what they move to do, particularly in the past decade at a startling pace, is modify their own policies that become far more entrepreneurial are around towelette at, emigration policies -- around talent and immigration policies. australia has 10 times the number of workers on v said that the united states. in many cases, no capital gains to make sure that the startup money flows to t

the web. there is a myth about americans that we only care about innovation. the founders had innovation in the dna. the articles of confederation required standards of weights and measures. the most undervalued industry is the embodiment of this requirement. we need to have government investing. the founders understood that. hamilton was in favor of prizes for innovation. some of it is about money. an open society in which we can exchange ideas. standardization. what are we talking about when we talk about a fundamental measure of a basic material that is going to be part of technology? the money is very critical. we have a problem with respect to an old model in the life sciences and applied sciences. this is a problem. i am on a panel for emerging technologies. advanced technology developments. this was news to me. it is not about hardware but about systems and components. industry has something to learn from what is happening in the way the defense department is mulling the development of new technologies from basic sciences. >> i have been working for google for the last eight ye ars. lowry and saturdarry and sergeit together to create google. private industry. google is the epitome of the with t

originated in dodd-frank to minimize cost in fact in the tried and true system in the important innovation which american financial markets and american industries throughout the 20th century i think that the way we want to look at the problem is to find a way to improve the extent to central clearing and improved to reduce cost and there are lots of ways to make that implementation better. so, in closing i hope we can focus on truth and effective means for reducing cost to non-financial companies and avoid focusing on ineffective ones. thank you very much. >> i think the entire panel before it proceed to questions to put into the record, to statements. one is the testimony of mr. duffy the president of the csb group for the subcommittee on the committee dated 12th. without objection, so ordered. second, the testimony of the company supporting the competitive derivative market again for the committee hearing today. without objection, so ordered. so, i would yield myself five minutes, not necessarily running them whole list since i can't get that in five minutes but i will start mr. parson since the fog is in my mind. central clearing is the way

the next 10 to 20 years? interesting here, making education more affordable and acceptable, and relevant to today's job market is number one, far and away, then promoting american manufacturing and industrial innovation at 17%, providing incentives to help people start their businesses at 50%. -- 15%. if you look at the box on the left, the education peace there, most important among democrats and independents, eliminating the deficit, most important with republicans. while there is a clear winner, the profile who supports it is different. then we asked the people a question, two questions, what about the type priorities for washington and then for you. washington, as we look at the public policy committee, you see this ranking, and deficit caused by social security, good-paying jobs, education, and cost outcomes are the top four. the mean scores. to look at this as a scatter gram, who ranks number one -- you see deficit and debt by the young, also those over 50, by independents, republicans, and white households. look at the number one's on education costs and the outcomes, they are number one for democrats, african- americans, and hispanics. this is supported in the minority community -- access to

industry when you look at that. all of this small innovation is killed by the tax. of all things, this is certainly a job-killing tax and innovation-killing tax, and really an americanling tax. the senators now having second thoughts, i wish they would have read the bill, but right now we do need the rest of the senators to repeal this tax. this is not something we should destroy. this industry has been a leader in the world, and i'm fighting to keep good manufacturing and engineering jobs in the usa. i hope they repeal this discriminatory tax. >> greta: as noted, i wish you the best of luck and great success. once again, if they'd bothered to do their work, the american people just asking them, do your work. the idea you vote for something without bothering to read it is beyond me. anyway, good luck in your endeavor. thank you for joining us. i appreciate your email, sir. >> appreciate you having me on. >> greta: coming up, your last call. a christmas classic performed with a twist. a one-of-a-kind rendition of "carol of the bells." "carol of the bells." that's next. it's hard to see opportunity in today's challenging environment. unless you have the right perspect

the next 10 to 20 years, that longer horizon. interesting here, making education more affordable, acceptable and rub it to today's job market number one. 30%. then, promoting american manufacturing and industrial innovation at 17. providing and since to help people start their own business, 15. but this education issue, if you look at the box on the left again, the education piece is most important among democrats and independents, eliminating the deficit, most important with republicans. so again, while there is a clear winner on this, who supports it, it's everyone. then we asked people a question, we asked two questions, what about the top priority in washington and then the top priorities for you. washington, d.c. this ranking. debt and deficit followed by social security, good paying jobs, education, the top four as you go down on a scale of one to 10. so look at this as sort of a statutory if you will, the number one ranks as number one. easy deficit and debt interest to enough, 18-20. also those over 50, independents, republicans and by white households. if you look at the number ones on education, cost and outcomes of that, they are number one for democrats, americans and hispanics. found in our

the web. there is a myth about americans that we only care about innovation. the founders had innovation in the dna. the articles of confederation required standards of weights and measures. the most undervalued industry is the embodiment of this requirement. we need to have government investing. the founders understood that. hamilton was in favor of prizes for innovation. some of it is about money. an open society in which we can exchange ideas. standardization. what are we talking about when we talk about a fundamental measure of a basic material that is going to be part of technology? the money is very critical. we have a problem with respect to an old model in the life sciences and applied sciences. this is a problem. i am on a panel for emerging technologies. advanced technology developments. this was news to me. it is not about hardware but about systems and components. industry has something to learn from what is happening in the way the defense department is mulling the development of new technologies from basic sciences. >> i have been working for google for the last eight years. larry and sergei were brought together to create google. private industry. google is the epitome of the with the f

the more expensive a regulation is, the less money a business has leftover to give raises or hire new people. we must not let american innovation in our energy industry go to waste. we have the potential for all kinds of new middle class jobs- from the fields and platforms where we drill, to the manufacturing plants that will return to the u.s. with the lower cost of energy. but we need government to encourage these job opportunities, not continue to block them. a return to sound monetary policy would also help by making the future value of a dollar more predictable. and we must get the cost of health insurance under control. you should be able to get a health care plan that fits your needs and your budget, from any company in america that's willing to sell it to you, and with the same tax benefit if you buy it yourself or have an employer buy it for you. these ideas will help create middle class jobs. but we also have to make sure that our people have the skills to do these new jobs. and a limited government can help by promoting curriculum reform, teacher training and empowering parents with the freedom to choose their kids' school. our tax code sh