mentioned the future we'll talk more about it with the honest paleologos a contributor for the american prospect and also still ahead ever wonder where wall street or the large and out of the books well look no further than their college administrators will give you our three cents on reports coming out of one pristine just business school but first your closing market number. what drives the world the fear mongering used by politicians who makes decisions to break through it's already been made who can you trust no one who is you who with a global missionary see where we had a state controlled capitalism is called sessions when nobody dares to ask we do our t.v. question more. you know sometimes you see a story and it seems so you think you understand it and then you glimpse something else and you sure see some other part of it and realize that everything you say. i'm sorry is a big issue. here with you. but in the alone until you get the real headlines with none of the most of the problem with the mainstream media today is that they're completely disconnected from the viewers and for what actu

mentioned the future we'll talk more about it with you on his paleo lagos' a contributor for the american prospect and also still ahead ever wonder where wall streeters learned how to cook the books and well look no further than their college administrators will give you our three cents on reports coming out of one president just business school but first your closing market numbers. welcome back so before the break we established that the status quo traditional political parties in greece are the parties that garnered the most support and at least are likely to form a coalition to lead the country's government but what is this do as far as actually creating solutions to help greece get out of the crisis it's in and for a country that really a pit in my eyes is everything that's been wrong with solutions to the crisis it's a lot bigger of a picture than just greece so i continued the conversation with all of those issues with younis paleologos he is a contributor for the american prospect former editor in chief of free sunday a great journalist take a listen. how can greece exit this crisis with t

americans don't realize is that we are no longer the country with the most opportunity. it is quite the opposite. we have the least equality of opportunity of any of the advanced industrial countries. the prospects of an american are more dependent on the income and education of his parents had in any of the other advanced industrial countries for which there is data. that as a result of under investment in education. by investing more in our country and investing in a variety of areas, we will make our economy stronger and we will create more equality. the austerity program is going to reduce the amount that is available, and when you have the top 1% of their own schools, their own parks and public private transportation, they don't depend on this kind of collective investment that the rest of our society requires so much. >> i am not pointing the finger ed you personally or directly, but the argument has been made a thousand times a lot of what we are dealing with now in terms of inequality and it can be about to back to the clinton years. you offered advice to the clinton years, but you know exactly who i am talking about. they found their way onto the boat during the clinton years, some, cul

in love with this new piece by monica potts in the american prospect and part of what she does here isnty in kentucky because in part of the issue here, the food stamp language we heard from gingrich, president obama is the food stamps president is racialized. so part of what happens when you read monica's piece around the struggle in poverty in this town in kentucky, you recognize poverty is a shared condition across racial categories. >> it's also a shared condition across class. i grew up in union city, new jersey. it's one of the 100 most economically depressed. a will the of my class were in the projects, on food stamps. you'd go to their house to do homework and you'd see their moms poring over newspapers looking for jobs. they didn't live in the poor section of town and go to the poor school. what happened to them -- >> they do now. >> 20 years ago, not the case and what happened to them happened to all of us. and if that child shows up hungry in a classroom and is disruptive for very honest reasons, that disrupts the entire class. the fact we do not see this issue in that way i

merkel has been scoring her position with the american and french presidents. >> prospects in syria lookeally bad, and we absolutely candid the human rights violations taking place there. >> in the u.s. security council, russia and china had been blocking international action against syria. the u.s. secretary of state says russia is only further destabilizing the situation by supporting the baskets. >> we are focused on supporting kofi annan, reaching out, both inside and outside of syria, bringing together those that are most directly affected, particularly in the region. >> as putin arrived at the berlin chancellery, a small but vocal group of demonstrators protested outside the gates. the accused the russian president of worsening the crisis. both putin and merkel could hear the protest. >> for more, we're joined by our political correspondent. do you think chancellor merkel has told president putin that now is the time to change course on syria? >> well, we do not ultimately know what angela merkel told president putin behind closed doors. when they emerged from that meeting, angela

they are worried about the situation abroad and how it could have an impact on the american economy and the president's prospectsember. but this is also something i have talked to, the romney campaign, in particular, the romney palm -- pollster, who said no one is paying attention in america, the voters to europe, and they do not put two and two together they are focused on the economy domestically and the situation in europe does not seem to be immediate impact. we will have to see how it plays out. both are worried. thinking about it. but we have not seen immediate impact. >>neil: you get companies like mcdonald's and 3m who have yet to lay off workers or do the things that would dramatically bring that the floor. thank you very much. good to have you. well, the economy is not tank but rather than blaming this give, americans are blaming ... this guy. it all makes perfect sense to that guy. all in will fall of 2008 it came tumbling down with the financial crisis that plunged the world into the worst economic crisis since the worst depression, >> most destructive crisis sin the great depression. >> throughout h

good news for the troubled american prospect, the political magazine raised enough money to stay alivefter being published since 1990 the huffing to know post reporting $1.2 million in donations from readers plus a grant to cover the budget for the rest of the year. the magazine was the clear starting point for many journalists, including washington post, and new york magazine's jonathan take it. >> all right, thank you very much. so pleased to be join the on the phone to talk about the latest developments in fast and furious and political landscape and what's happening in congress. chris coon is a democratic, senator, thanks for being on the show this morning. >> thanks for a chance to be on. i appreciate being on with my dell low person from delaware. i did notice in the story about the upcoming national football champ series, somehow, it was an indiana team profiled. >> of course it was the wrong indiana team. >> delaware ends up being the new champion. >> i like the helmets but let's move on. first on fast and furious a serious question here. president obama asserted executive priv

the most fortunate decade in american history. he also called coolidge, the most internally consistent and single-minded of american presidents and he concluded it was a widespread and chaired with the prospect of property-owning democracy can be realized. if you view the '20s in this prism, you can see it has economic growth and conservative values on the emphasis on individual freedom and responsibility. in 1981, it certainly came as a sauce to most americans and to any historian, the ronald reagan the portrait of calvin coolidge from storage and symbolically innii installing the bit of evidence of the re-appraisal of the 1920s when coolidge was going in the white house. the backdrop of looking at the 1920s, i think, really needs to start with the history of progressivism which started in the late 1800s in the united states and reached -- historians would argue it reached its pinnacle in the election of 1912 which has been pretty widely called the high tide, and woodrow wilson was strong progressive nominated by the democrats and teddy roosevelt failed to get the nomination and it went farther left than he had ever gone before to get to the left of wilson and then taft was left scurrying a

how much worse will the situation in europe have to get before it starts seriously denting the prospects for recovery in the american economy and thus really changing the direction of fed policymaking? >> well, we hope it doesn't get worse. i think -- it's already one of the factors that has been a drag on the u.s. recovery. not the only factor, by any means. there are a number of others that i mentioned. but it has been having an effect, and it's been having an effect on the economies of other countries, as well. countries that export to europe. so it is a significant issue. we are hopeful that europe will take additional measures and do all that's necessary to stabilize the situation and to provide the basis for an ongoing stable structure that -- in which banks and sovereigns are both stabilized, in which there is a program for growth and in which fiscal arrangements are clear, made much clearer. so there's a lot of work to be done. again, we think that the policymakers in europe have very strong incentives to get this right. and we're very hopeful they will get it right. and we're in close contact with them as t

russian capital for the seventh time this thursday top of the bill will see one of russia's best heavyweight prospects vitali call facing american sanchez the twenty nine year old is the vastly more experienced of its competitors he's won thirteen of his one thousand bytes and has competed on the world's biggest stage at m.m.a. promotion such as you see and balance or his russian opponent however is the three time world sambo champion whose strength is obvious with four of his seven professional wins by way of submissions. here is my message to eddie do not relax stay focused i have a lot to offer in the ring i'm looking forward to despite and i would like to wish eddie the best of luck but it's a safe bet i will produce many surprises for his week or stuff would be to stand the striking he says he's ready for anywhere so we'll see i love surprises. so i hope the surprise is the start of this feat so we'll see we'll see what happens i think that's a lot of talk what's a fire comes on. to throw. the london olympics are just around the corner and one of russia's in younger stars in a way. aims to clinch the country's amazing gold

russian capital for the seventh time on thursday the top of the bill will see one of russia's best heavyweight prospects vitali macof facing american eddie sanchez the twenty nine year olds the vastly more experience of the two competitors he has won thirteen of his nineteen fights in this competed on the world's biggest stage and promotions such as the u.f.c. i'm sure his russian opponent however is the three time world champion his strength is obvious with forty seven professional wins by way of submission. because here is my message to eddie do not relax stay focused i have a lot to offer in the ring i'm looking forward to despite and i would like to wish andy the best of luck but it's a safe bet i will produce many surprises for him as we pour stuff would be the standard in the strategy he says he's ready for anywhere so we'll see you love surprises. so hopeless surprise there is a start of this feat so we'll see we'll see what happens i think that's a lot of talk what's a fire comes to grow try to throw. lastly the london olympics are just around the corner one of russia's youngest stars in white lifting tatiana aims to clinch

russian capital for the seventh time on thursday the top of the bell will see one of russia's best heavyweight prospects a minute off facing american eddie sanchez the twenty nine year old is the vastly more experienced of the two competitors he's won thirteen of his nineteen fights and has competed on the world's biggest stage at m.m.a. promotion such as u.f.c. unpalatable his russian opponent however is the three time world sambo champion whose strength is obvious with four of his seven professional wins by way of submission. because here is my message to eddie do not relax stay focused i have a lot to offer in the ring i'm looking forward to this fight and i would like to wish eddie the best of luck but it's a safe bet i will produce many surprises for him as we pour stuff would be the standing the striking thing he says he's ready for anywhere so we'll see i love surprises. so i hope to surprise he's a stand on his feet so we'll see we'll see what happens i think that's a lot of talk what's a fire comes on. trying to throw. while that is all from the world of sport for now although there's plenty more later here and i'll say wh

capital for the seventh time on thursday the top of the bell will see one of russia's best heavyweight prospects for three minutes off facing american ninety sanchez the twenty nine year old is the vast the more experienced of the two competitors he's won thirteen of his nineteen fights in his competed on the world's biggest stage m.m.a. . u.f.c. i'm palatal his russian opponent however is the three time world somebody the strength is all b.s. with four of his seven professional wins by way of submission. here is my message to eddie do not relax stay focused i have a lot to offer in the ring i'm looking forward to despite this and i would like to wish every the best of luck but it's a safe bet i will produce many surprises for him as we. would be the standing stretching he says he's ready for anywhere so we'll see surprises. so i hope to surprise. so we'll see we'll see what happens i think that's a lot of talk what's a fire comes i'll. try to throw. well that is all from the world of sport i'll have more in a little under two hours time to join me then. soon which brightened if you need me soon from feinstein freshened some. news f

how much worse will the situation in europe have to get before it is seriously limiting the prospects for the american recovery and changing policy making? >> i hope it doesn't get worse. i think it is already one of the factors that has been a drag on the u.s. recovery. not the only factor by any means. there are a number of others i have mentioned. it has been having an effect and it has been having an effect on the economies of other countries as well. it is an issue. we are hopeful that europe will take additional measures and do all that is necessary to stabilize the situation and provide the basis for ongoing stable structures in which banks and sovereigns are both stabilized, in which there is a program for growth, in which fiscal operations are cleared. so, there's a lot of work to be done. again, we think that the policy makers in europe have a very strong incentive to get this right. we are very hopeful they will get it right. we have been in contact with them as they work on these issues. again, it is also important for us to be prepared for any problems that might emerge with your. we have

the emerging market's fund up less than a half percent. and that's tonight's "market focus." >> tom: the prospect of lower gas prices has more americans thinking about vacations this summer. more than half the customers surveyed by online travel company orbitz say pump prices will affect their travel plans this summer. it could even determine how far they drive. we continue our look at summer travel this week with diane eastabrook. she spoke with the orbitz c.e.o. about how americans are planning to spend their summer vacations. >> reporter: this is the nerve center for orbitz worldwide. employees are tracking everything from weather to flight delays for customers. and this summer they're likely to be very busy. the company recently surveyed a thousand customers finding 77% plan to take a vacation this summer, that's down slightly from a year ago. but more of those who will be traveling this year expect to spend over $1,500, compared to last year. orbitz c.e.o. barney harford says while consumers are spending more on travel this summer, they're still looking for ways to stretch their dollars and his company is capitalizing on that. >> buying y

the killing. the prospects are failing rapidly as the european and american officials quibble over whether or nothis is a civil war. many people think this is a war that could last months if not years. bret? >> connor powell in jerusalem. thank you. >>> disaster. that is how defense secretary leon panetta is referring to the prospect of additional half trillion in mandatory defense cuts problem ses known as sequestration. panetta a joint chiefs chairman martin dempsey made the case for alternatives before a sub committee today. some of the passengers on the jet blue flight that was disrupted by a pilot who ran through the plane yelling about jesus and al-qaeda are suing the airline. they claim the airline wases fromly negly jent allowing captain osborne to fly. he faces hearing friday to determine if he is mentally competent to stand trial. still ahead -- what the producers of those political ads are really trying to do to you. first, the man who runs the bank that lost $2 billion tells his side of the story. ave. but today...( sfx: loud noise of large metal object hitting the ground) things have

russian capital for the seventh time this thursday top of the bill will see one of russia's best heavyweight prospects beats ali medical facing american sanchez that's what a nine year old is the vastly more experienced of the two competitors he's won thirteen of his nineteen fights and has competed on the world's biggest stage m.m.a. promotion such as good and belts or his russian opponent however is the three time world sambo champion whose strength is obvious with four if you seven professional wins by weight all submission. which is here is my message to eddie do not relax stay focused have a look to all four in the ring i'm looking forward to the spite and i would like to wish eddie the best of luck but it's a safe bet i will produce many surprises for him as we pour stuff would be to stand in the straight you he says he's ready for anywhere so we'll see i love surprises like you say so hope to surprise there is a status field so we'll see we'll see what happens i think that's a lot of talk once a fire comes. to try to throw over. the longer than picks are just around the corner and one of russia's youngest stars in the weightlif

obama is looking at, it is absolutely clear, europe has the potential to sink the american economy and with it his prospects for re-election. >> fareed zakaria, as always, thank you. >>> the defense rests without a word from jerry sandusky. take you inside the courtroom for closing arguments. >>> what sent a jet careening wildly through the air. what a passenger calls four hours of hell. see life in the best light. [music] transitions® lenses automatically filter just the right amount of light. so you see everything the way it's meant to be seen. experience life well lit, ask for transitions adaptive lenses. the teacher that comes to mind for me is my high school math teacher, dr. gilmore. i mean he could teach. he was there for us, even if we needed him in college. you could call him, you had his phone number. he was just focused on making sure we were gonna be successful. he would never give up on any of us. [ engine turns over ] [ male announcer ] we created the luxury crossover and kept turning the page, writing the next chapter for the rx and lexus. see your lexus dealer. writing the next chapter for t

the. has not followed throu one ofreleasing in american is ready to e if u.s. leaders sho also spokenhk about its troops in afghanistan combat mission in 2014. he foreign troops y. heiban believes the soldie on prospects for peace. leaders about waking up toevery morning.ess desk the latest? >> catherine wednesday. so far w have some of the week. redit ratin banks were dowmoody's,an leaders are finances. state funds int major bann authorities decided capital the amount of ion. the governmen the bondsbank. the capital foundation financial in union increase end of to they were not a to secure asked for from thethe eu propos integration in at summit thathursday in the hermanrumpi report on friday monetary union. he drew up a pla the next ten otherproposes banking supervision to prevent whichnces and calls on approval from the need to issue level. another the introduction of common boned by member nations. heated debate expectede otherers opposeplan. they'r countries will the members. >>> minister appointed aill the minister. prime der of an group. choice quit after be hospitalized with pains. th launched conservative led government last entered the undergo eye su samaras is out the euels on thursday reco

how much worse will the situation in europe have to get before it starts seriously denting the prospects for recovery in the americanhanging the direction of fed's policymaking? >> well, we hope it doesn't get worse. i think it's already one of the factors that has been a drag on the u.s. recovery. not the only factor by any means.recovery. not the only factor. there are a number of others that i mentioned, but it's been having an effect on other countries as well. countries that export to europe. so it is a significant issue. we are hopeful that europe will take additional measures and do all that's necessary to stabilize the situation and to provide the basis for an on going stable structure in which banks and sovereigns are both stabilized and there is a program for growth, and in which fiscal arrangements are made much clearer. so there's a lot of work to be done. again, we think that the policy makers in europe have very strong incentives to get this right. we're hopeful they will get it right and we're in close contact with them as they work on these issues. it's also important for us to be prepared for other

fight against the leadership british troops and agents would be part of an international force including french and turkish soldiers and possibly americans well let's discuss that prospect with mideast blogger calls for roe joining us live from london i think your civil service source is being quoted as saying the u.k. is preparing for the move admitting that it would be an invasion of syria what do you make of this. well i think to reflect on this we have to examine this attitude towards the prospects of foreign intervention in syria by western powers where there's been constant denial about you know that possibility of intervention but always waving sort of the specter of dying that the situation might change and we might get involved and i think this is the heart of the problem is western powers do not have a plan for syria do not have a likely outcome that they want that they would want to encourage and they don't even have an idea about how to progress towards a political resolution so this conflict think actually through it is sort of relying now on projecting mixed messages that could the importance of signals like this we've seen today is their situation could f

the uncertainty. they're facing the prospect of the largest tax increase in american history.they're facing uncertainty because of obamacare and a facing an uncertain because of a very hostile regulatory posture taken by the obama administration here in washington. our summer agenda will be directly focus on how we can make the environment better for small businessmen and women to grow and create jobs. we'll take a bill to make sure taxes won't go up on anybody. will take several things to the floor hist -- yes, we are going to take to the floor a bill that calls for the total repeal of obamacare so we can start over and tell the american people we are on your side, we want quality care for many americans that they're looking for that to happen. thank you. do you think the lack of federal money is hurting the economy? >> i believe government continues to spend money we do not have. with -- these women tax hikes, regulations coming out of washington, we have frozen employers have replaced. if we would have a moratorium on regulations and extend all of the current tax rates, we

american manufacturing. we're bullish about the prospects of america. we are, our country has a very good situation in that we have international property rights. we have the rule of law. so these things are really helping factories right now decide where they're going to put future factories. companies are making decisions now. do i put my next plant in china. do i put my next plarbt in mexico. do i put my next plant in cleveland. and i think a lot of people are reconsidering where they are putting their plants in light of the slowdown in china n light of the slowdown in europe. our country is poised for good things, i think in the future. and i think right now we're at an inflection point. and if we make a couple positive changes internally, we're going to attract a lot more business and a lot more factories to our country. we're shipping more now to china than we do to europe and i expect that to grow because i think the chinese economy will continue growing. we, but mexico and canada are definitely our biggest markets. >> and nariman briefly to clos

the burden of drug abuse heaped upon african-americans, harshness of drug sentences and life consequences such as loss in voting rights and subjection to employment discrimination, drastically lower employment prospectsile michele alexander considers the war on drugs should have ushered in you new era of jim crow as outlined in her new book. crowe outlined in her book "the new jim crowe madison incarceration." we consider the effectiveness of supply reduction strategies compared to many times more effective and much cheaper demand reduction strat justice. it's not hard to wonder whether there is a motive. recently i saw a news article of young drug offenders in their 20s in virginia. two of whom got sentences of 50 and 35 years respectively. no one seemed concerned of the cost that this represented $2.5 million to warehouse drug abusers and i was left to wonder whether or not that $2.5 million -- some of that should have been spent on boys and girls clubs where they were spending in that same area. so, mr. chairman, i look forward to hearing the director's views, with respect to these grave concerns. >> thank you. the chairman emeritus, the gentleman from michigan, mr. conyers for opening statement.

the reelection prospects of the president. but if they believe, as we do, that things could be better, that too many americans are being left behind, that they're struggling to get by in this bad economy, then i think that improves the election prospects of mitt romney. >> schieffer: you know, i will agree with you. you did publish that. there are 59 steps, but people like peggy noonan, who is no obama supporter, i think it is fair to say, says what mitt romney has to do is put something out there about the economy that people can put their arms around, that they can understand what he's talking about. and she and a lot of conservatives don't see that happening yet. >> well, let's talk about two specific proposals that mitt romney has brought forward with respect to creating a more attractive place for job creators, and that is to get is this corporate tax rate lower. we have the highest corporate tax rate of any developed nation in the world. we need to get that down. we have companies that do business overseas and yet they get double tax. they get taxed by the foreign country in which they're doing business and when they try to