hours later, in sell and her traveling hat, aunt lilly had the apples and pears ready to be preservedwe were tufted by the smell of allspice, cinnamon, cloves and sugar and with the site of aunt lilly putting the big pot on the wood burning stove we all settle down. aunt lilly was back in town. she was our second other. with the preserve is bubbling and thickening on the stove, aunt lilly took the wrappings from the smoked pork. slicing the me like it was gold leaf, aunt lilly showed this out to make it less for the winter. when either and that your mother might join in the white house to care for your girls and to support younis awesome job i was ecstatic. young people can always use a second mother. it reminded me of my aunt lilly coming to support my mother during difficult times. as first lady will definitely begin exhilarating difficult times. i am writing this letter for my aunt lilly. she didn't get a lot of schooling but she gave a lot of love. she knew how to be a second mother. if my aunt lilly was alive she would tell you not to let anyone push your around and make sure you

>> that's the apple of my eye. just had her 23rd birthday . that was a few years ago. something else different was you'll almost always nfer see shery or one of the girl was me. it's my job. that he will never ask you or pressure you to take part in any event. i haven't for six years. she -- when she does things, people love her to death. she is 0 so non-political. >> she is the second champion non-removed of the cow milking process. >> where did you meet her? >> she was a young working girl. after a few months. she gave me the ultimate tough and fortunately i surrundered. >> four daughters? >> yes. >> how old are you this >> 23, 24, 25, 6727. >> young margaret is working in new york city in what's left of the bankth world. you may have a speak pla may 9. >> it is a great school. fine, type academic school and a great basketball tradition. about the only recreation i go watch their basketball team a lot of time. i don't go looking sfor commence. speeches. i couldn't say no to butler. you talk a lot about tony henkle. who was he? >> the duel sportzn plaintiff cache sort

>> that is the apple of my eye, young margaret daniels. that was a few years ago. i think she was with me because -- i think it was primary day, possibly, of 2004. something else a little different with us, you almost never see sherry or one of the girls with me. that is my job, that is what i do. i almost did not run because sherry had great misgivings. she likes private life and she likes our privacy. family comes first with her. i came this close to not running for that reason. i said we do not have to do this like other people. i will never pressure you to take part in any event. i have kept that for six years. when she does things of her own choosing, people just love her to death, because she is so non- political. she is the queen of the indiana state fair, basically. she is defending champion once removed in a cow milking contest and a watermelon seed spitting contest. >> where did you meet her? >> i was working for major league are -- merkt luka armayo. >> how many years have you been married? >> 31. three of my daughters are in indiana, and young margaret

some of the apples are oranges. the cost of electricity are lower than a look at the outset of the project. if you compare that to natural gas prices, which right now blow away by far the price of any other source of energy generation evening get from conventional sources, those change. natural gas prices could easily be on a very low carbon prize, and historically, it would be much more expensive. that concludes my testimony. i look forward to any questions. thank you. >> thank you very much. thank you to all of you. this has been a most fascinating spectrum of opinion and expertise. it has been my experience, one of the driving forces behind america's economic growth for the last 100 years has been our access to what we call cheap energy. without the ability to tap into sources of energy that have been relatively cheap, we would not have achieved the rate of productivity we have achieved, and without being the most productive nation in the world over the last 100 years, we would not have become the richest nation

and the scare comes to mind, the apple issue that took apple businesses away because the allege that the spray they used on them was somehow dangerous. these are scientific calamenty. they threaten people. they tell us that the planet can only sustain so many people. and these are the people that have determined that they're going to shut down, as judge carter said, our energy production in this country. and we spent last august pounding away every day calling for an energy plan that opened up all of the above, all of the energy that we have. we are an energy-rich nation, not an energy-poor nation. and to give an example of how easy it should be to take this nation to the next level of our economic determinism, if we just look over to countries like japan and korea. both of those nations, major cities were destroyed in war. they rebuilt their cities, infrastructure that's there. they function. and yet in that 60 or so years, each of those countries have imported almost 100% of their energy and 60% of their food and they still build modern technological societies. and we are here in t

he convinced himself all of the apples were either leased or had razor blades. [laughter] okay, dad. as i made the drive from newport beach into the city i learned in this community there was a lot of hopelessness. 126 murders had taken place along that summer. i walked through metal detectors, went into a classroom, it was elected. there were no textbooks, no technology and there was no eager reston's like yourself ready to dive in and learn about shakespeare. and i quickly found out students knick team everyone in the syllabus white guys with tights. these students learn if they put down their fists, put down the gun or this break-in and increase education. as most of you know education is the greatest way to equalize it very on freer play infield and my life changed on that very first day when a young woman walked into my classroom. a young woman like many graduates today. a young girl that never sat at her daddy's lap and read about the green eggs and ham, never identified waldo and instead this young girl was angry because she spent the better part of every

i remember when professor meryl streep warned us of alar causing cancer which just about ruined the apple industry for two years, that also was wrong. we heard about other things causing cancer which caused the industry billions of dollars and disrupted very healthy patterns of nutrition that could have been based on psychly mates rather than high fructose corn syrup. that, too, is wrong. we remember the nuclear power catastrophe at three-mile island when dr. jane fonda, that ph.d. genius, taught us that nuclear power was so dangerous, that what we have done instead of using nuclear power we've begun relying on overseas oil and gas and burning coal. then remember the acid rain? that was a near high pitch. that's what we hear about global warming. ronald reagan stood up, put his hand and said, no, we are going to have a scientific research on this acid rain issue before we commit all sorts of regulations and taxes that will destroy our economy. luckily rage did that and when a $500 million study was complete, it verified the fact that acid rain was a minimal problem, not a major problem an

that say nuclear power is about three times as expensive as incumbent pole when you compare it on the apples on apples basis. they are not all apples. some are oranges. nuclear power and coal plants last a long time and they are in service a lot of the time to time that they're around. that means your per-unit cost of electricity are, in fact, lower than they look at the outset of the project. if you compare that to what could happen say to natural gas prices which right now blow away by far the price of any other source of generation that you could get from conventional, scalable base load sources. those change. and natural gas prices could easily be on a very low carbon price and historical natural gas price way expensive than nuclear power and clean coal. that concludes my testimony and i look forward to any questions. thank you. >> thank you very much. thanks to all of you. this has been a most fascinating spectrum of opinion and expertise. it's been my experience from my position as former chairman of the joint economic committee in studying the economy that one of the driving forces be

forgetting the bad apples out of the marketplace. but what caused us to get in this problem we're in today are not the people i believe that are being impacted by it. i'm asking you if you would take time and mr. kanjorski you've been very generous with your time on something you hate for me to talk about. we're good friends and i have great respect for the individual and mr. lockhart i have great respect for you. and i'm asking -- and you did mention something earlier that for years -- i think we sent five bills to the senate and we fought the strong regulator and changed the way they could do business. we never accomplished that but we tried hard. i would just ask you to please, revisit with earnestness with what we've done. i think we're going at the wrong people trying to rea legitimate problem. >> there is si legitimate problem and it's not just new york state. why the attorney general of new york got involved is that all the securities were sold in new york. fanny and freddie put out the rule and they're continuing to look at t

caught him right on the adam's apple. ball hits right off the plate and comes straight up. ouch. boy. that's the last thing this club needs. certainly any kind of an injury playing a player short right now. see those things all the time. down on ankle on top of your foot, that one right off home plate and came straight up and caught felix pie right in the throat. >> gary: scares you as it takes your breath away. hard to breathe. can really scare you. >> buck: and it's really a vulnerable position. no protection there right on the windpipe. >> gary: ironically on this date in 1941 the first head gear was ever worn in a baseball game in major league baseball. plastic hats. new york giants were the first team to ever wear them. and it happened to be on this date. even that wouldn't have helped this. >> buck: the catchers have the extended mask that comes down to protect you from this type of thing. it's not very often you see batters dealing with something like this. the trainer is looking. catchers can hit like that you're always afraid of crushing that adam's apple. causing proble

while the beltway just dominated the big apple in baseball. >> we begin with the melt mets and orioles in baltimore. orioles down 4-3. francisco rodriguez, oh, boy. walked adam jones. scored, tied at 4. k rod's second blown save of the year. two batters later, aubrie huff. it's hero time. the single to right. scores nolan rhyme old. the orioles with the walkoff win, 5-4. give k rod his second blown save this year. huff, his second straight game with a game-winning hit. he had the two-run homer on wednesday. huff, 3 for 5, and he was the hero. >> >> yeah, we really battled this game. gave us a good game today. kept us in the game. felt like the momentum for them switched. and cawlgt my line drive with the bases loaded there. to be able to come up with a situation like that and come through, you know, it felt great. >> nice to see them now get the no decision. after the pick. >> yeah, berk inpitched a great game. he neededgr that. he's a good young pitcher, and to be able to k k k k the game like he did allowed us to come back. >> this is the first time that this team has won after trail

still seeing izturis there after having the breaking ball hit him off the adam's apple. >> buck: and throwing that small breaking ball can get you out in front. >> jim: and checked the swing in time. bailey pitched in college at wagner, which is on stat on island. he was drafted and developed by the athletics. 6th round pick in 2006 and already in the big leagues. good eye by melvin. 2-2 the count. >> buck: one thing when you have a power arm like bailey, if he throws strike he can have success and he's shown the ability to throw strikes. 2-2, outside with ball 3. and melvin was down 0-2 after two pitches. now bailey has the count full. melvin 0 for 3 on the day, trying to get on. orioles need to get 2 on to get the tieing run up there. 3-2 on mora, with one out and none on. foul -- fouls it off to stay alive. melvin has grounded out twice and flied out to centerfield. and low, ball four. melvin works a 1-out walk. and the orioles need one more and here is salazar to bat. tieing run is on deck. salazar playing his first game. he was called up from triple-a to take over for cesar iztur

the securities -- >> maybe rotten apples and rotten apples. isn't it true you were told if you went through with the mac and later needed financial assistance from the government you wouldn't get it, isn't it true? >> repeat that, please. >> inthat if you went through t mac and later needed financial assistance from the government, wrnlts you told you wouldn't get it? >> i think i seen it in. an e-mail. >> give the precarious amount of your balance sheet you believed at the time you could reasonably could need financial assistance from the government in the future? >> the preferred stock does nothing to help the tangible common equity ratio. >> you wouldn't think about it. if you got $15 billion on october and you're going to come back two months later and ask for another $20 billion. 15 and then 20 billion, does it it show -- doesn't that show that it really increased your tier one capital ratio, doesn't it show that? >> not tangible. >> tier one. >> tier one, yes. >> now, mr. lewis, the government believed that you knew or should have known a

the first is to encourage and use the tools apple and margin standardization and central clearing to the greatest extent possible and encourage exchange trading of otc, current otc derivatives and that will give chairman gonzales said control over the stage and will allow us to have centralized feeling of what is happening in these markets and benefits of capital and margin requirements with respect to those institutions but it's also critically important we have regulation of the dealers who participated in the marketplace, meaning in my view of registration, capital requirements, margin requirements, record-keeping, reporting to regulators, reporting at least eckert a disinformation to the public and very tight risk management processes within the dealers including governments, risk control, trading limits and all the things we would normally think about owls being important for dealers to control the risks they are undertaking. i also think that whether we have a systemic risk regulator at the end of the process or council or combination of the administration proposes a would be ve

for under $2,000, this is the best apple. it only has 2 gb of ram. let's keep looking., usb. oh look, this laptop has everything. - what? - it's a wrap. and a pc. my new laptop. ( laughs ) i'm a pc and an artist. >>> just a remiebder -- reminder of the bat am of the beltways with pre-game coverage at 6:30 from oriole park at camden yards. tomorrow night, jim hunter's guests. they played together in the minors that. should be an interesting conversation between brian roberts and willie harris who has minor league experience in the orioles organization. ballot of the beltway and also on the schedule for the orioles, they have the nationals through the entire weekend and then the boston red sox come into town for three. if you can't watch them on the television, don't forget the sports radio 105.7. when you look back at the series, hanley ramirez, two grand slams. what a pefer fore-- performance. >> i knew he was a good player. i didn't know he was this good. he absolutely crushed the ball the entire series. what a beautiful swing he has. nice check back from home plate. k

all the way down the list, waver, jordan, apple bee, carnes. carnes is a guy from texas tech that throws the ball at 95 miles per hour. he's had some arm trouble. they're talking about him having a tremendous a. they're hoping he is over the arm trouble. >>> one of my favorite players growing up and one of your teammates from the astros. >> one of the best young talents unfortunately got hit in the face. he's a short stop. he's a high school player out of puerto rico. i don't know if he'll be signable. he's also like drew. he wants his family to play baseball. he was always the guy that was all business. it wasn't about the money. it was about the joy of playing the game. you look at the two guys that made the day to start off the draft. these were the crown jewels. >> strasbourg, we've said a lot about him. i don't know if we said enough. i found out through two scouts today that he is the best prospect either of them have seen. one in 26 years and the other in his 17th year. they went out to see him and said and a half -- said that he was unbe

to apples comparison. to ensure the integrity of the data, we have accurate forecasts. we understand the fact that the project we choose will be successful. we can not squander this opportunity. the project we select. we won't be a next generation. we understand responsibility we have, we are prepared to take the challenge. >> one of the ways we ensure we are getting accurate estimates. we bear the risk as well. we share the $144 million cost of the expansion. >> that is a good suggestion, and one that we need to take them out and evaluate these progress. let me ask ms. fleming and follow up that question, do you think the department should make sure these forecasts, when it relies on this information, that you want to make them as accurate as possible, and my question more directly is should there be some outside, neutral party that evaluates these forecasts too in addition to having them? >> ridership and other forecasts are key factors in determining whether a project or system is going to be economically viable. unf

the money made in making music? how is it now being lost because of file sharing? >> when you buy a cd, whether it is an album or you want to download a symbol, apple makes money, the artist makes money, the song writer makes money, and the publisher makes money. there are two basic copyright. the copyright in a recording and the copyright and the song. music publishers control the copyright in the song. that is my area of the business. they're different rates globally. we have a statutory rate of 9.1 cents. every time a song as bought online, at 9.1 cents has to be paid to the publisher. they're different ways that that gets split depending on the deal. that is the basic economics of songwriting. songs also can generate money once they become successful. you downloaded, there is a 9.1 cents for the purchase, and the song can become a hit and suddenly you're on the radio and generating performance in come from radio play. if the jets synchronized to a commercial, or forgets synchronize and a film or television show, there will be different ways that performance in come can be earned from that. we have some challenges. currently, one of our big issues is that when y

are incredibly loyal, wonderful people, so i feel like, you know, i may go back, but by the time i go back, julia apple balm may be the grand mommy track mysteries. but i have a really warm spot for those books because it was the first thing i wrote that wasn't fiction. yeah. here's your treat. cheetos. orange. okay, someone else? one more. such a good prize to come. one more. yes, good. good. ask it. >> i heard your last novel's being made into a movie -- >> funny you should ask. yes, indeed, my last novel is being made into a movie. it was shot all in this lovely city all over the place, it is starring, wait for it, drum roll, natalie portman. oh, my god, even more beautiful in real life than she is on movies, if you can believe it. now, every young man is now going to be my best friend because can you give me her cell phone number? no, i don't have it, i'm sorry. the movie was directed and written by don roos who did the opposite of sex and happy endings, right? he's just the best, i love him to death. and it's so funny, and it's so sad. they did a screening for me, and i was completely alone when i

we were in the middle about two or three years ago of several big-time problems and we were trying to cut costs in health care. i know that there is a lot of concern about greed and sour apples in the barrel and a lot of things that doctors may or may not do to make up for the lack of what they think is a proper reimbursement that should not be done. having said that, there was almost a revolution out there at the health care delivery system. the one that really got me was a competitive bidding business with home health care. i know that is not directly on this subject, but it is. one of the first reasons was kansas city. kansas city included parts of missouri and kansas that were not metropolitan areas by any means. it was supposed to the metropolitan area. there were 428 home health-care entities or businesses in this region in kansas. of the 428, i know 2/3 never even knew that they were in a competitive bidding process. they did not even know that that directive had come down and that they had x number of days to respond. i did hear from some of the bigger ones. they said that this was not the way to do business, we cannot do that. there is a lot of back and forth on tha

we'll run that data through our own calculations to ensure that as we compare the projects we're getting an apples to apples comparison. we believe that that will help ensure the integrity of the data and help us make sure that we have accurate forecasts. clearly at if r.a. we understand the fact that the projects that we -- at f.r.a. we understand the fact that the projects that we choose are going to have to be successful. we understand we cannot squander this opportunity. that if we are not in fact very careful about the projects we select and ensuring the success of the projects that we select, if we fumble that wall there won't be a next generation on this. so we understand the responsibility that we have and we're prepared to take that challenge. >> senator, can i add something quickly? one of the ways to ensure that you get an accurate estimate is if the state's recommending it, make sure they chip in some money so they bear the risk as well. amtrak and pennsylvania shared the $145 million cost of the expansion of philadelphia to harrisburg. >> that's a good suggestion and one that we ought

the music industry is. we also see a number of other strong players as current competitive players. such as, we can start with sony. then you go to apple, and with the iphone, people are starting to read on that medium. i think you'll see enormous numbers of other cell phones over time become reading devices as they have in korea and japan. i have not done yet. -- i am not done yet. some companies may see this as a vibrant enough market. we have one other thing that is important. in music, there was standardized pricing for a long time. when you guys were buying kelpies, or when you were buying cds, they tended to have a very narrow band of price and -- buying records, or when you're buying cds, they tended to have a very narrow band of pricing. when i tunes came out with a 99 cent price point for a single track, that became quite standardized. we do not have a history of that. if you look at a hard-cover, it might be $25 and a paperback may be $14 and a children's parbooky be $5. you have a pricing that is truly all over the map. we might have some condensation uprising but we do not see the uniform tity of pricing. we will not be loc

the file sharing? >> guest: sure. well, you know, when you buy a cd whether it's annal would remember let's say you download a single, apple makes money, the record company makes money, the song writer makes money, and the publisher makes money. there are two basic copyrights, the sound recording and the song. generally the copyright in the sound recording is controlled by the record label or the artist, and music publishers control the copyright in the song. and so that's my area of the business is making sure that the song is protected, that the song writer is compensated, and there are different rates globally, but in the u.s. we have a statutory rate, 9.1 cents. so every time a song is bought online, 9.1 cents has to get paid to the song writers and the publisher. and, you know, there's different ways that that gets split depending on the deal, but that's the basic economics of song writing. songs also can generate money once they become successful. a song, you know, you download it, there's 9.1 cents for the purchase or the mechanical, and then a song can become a hit and suddenly you're on the radio, and you're gener

to apples comparison, the through-put of these other companies is far higher and our judgment and the judgment of many, many outside experts we have consulted is this is one, certainly not the only, but this is one of the reasons why the companies have not been successful. >> you know, i think what makes it so hard is because there are other points where there are competing explanations. for instance, in one case, every dealer, four dealers in one town of over 100,000 people are being closed, and it's clear that a new dealer is going to be brought in. one new dealer, not one of the four that's being closed, and yet all of those dealers were doing fine. so rather than giving the nod to one of the four that have been with you for years and years and years, i don't mean you, i mean general motors or chrysler, but there just seems to be a loyalty disconnect here and also, what you have just said is okay, you want bigger dealerships that can do more volume sales and yet, you are -- sorry. so you are doing bigger de

the government plan itself? insure. you're not comparing apples and oranges and employers across the land because of the regulatory environment if employers across the nation had the opportunity to say get me out from this incredible onerous burden of the federal government puts on me just because i am trying to provide health coverage for my employees, please get riyal and they say the alternative is that the washington is running then tell me what employer in his or her right mind would say no. i do not want to do that? take that headache off my plate. it is phenomenal part of it is fantasy to believe the federal government will not crowd out private industry and end private health insurance as we know it. >> we need to move on but i had a car company in my office the other day that was not currently owned by the federal government. [laughter] they said gmac has received $10 billion and offering five-year no interest loans. how can we compete quit that? with the government money? is the government crowding them out? you are darn right. what will

this is a better business model for the companies and potentially a service to consumers. however, i want to make clear that one bad apple could spoil the whole bunch here. the moment online consumers believe their personal information is at risk orf of corruption, misuse or theft will be the moment this approach we're discussing today will cease to work. i strongly believe it is in the interests of all parties to disclose to the consumers their advertising practices and intent and to ensure the consumer's personal information is strictly guarded against security breaches and exploitation. i look forward to these conversations today and to working with my colleagues on this issue as we move forward. i yield back my time. >> the chair thanks the gentleman. it is now my pleasure and honor to recognize for five minutes for the purposes of opening statements the ranking member of the full committee on enaur and commerce, mr. barton is recognized for five minutes. >> thank you, mr. champ. the look on the other side of the aisle i am glad to see none of the democrats who played on the democratic baseball team are actually in t

start in the game last night but after felix pie left after one at bat when he fouled the ball off his adam's apple and he eventually came in and hit a three run home run. a bouncer toward short. kennedy back to first. and beyond the first baseman and that goes into the orioles dugout and reimold will head down to second base. good job by adam jones at the bag at second base to upset the throw of adam kennedy. >> what a great slide by adam jones. you can see he is all over adam kennedy. good, clean slide. it is no problem whatsoever, sliding on top of the bag. the umpire at second base has a good look, gary darling and that's how you turn things around and that's how you snap four game losing streaks. >> now you have a runner in scoring position and maybe the teammates now will be sparked by that hard slide by adam jones as markakis has a chance to get the orioles on the board. the orioles have not led in either game in this series and losing both. markakis takes it to 1-0. >> that's a good sign early on. and a little bit of a wakeup call for oakland to send the message saying we're not going to ro

>> guest: we can star wistony which is rtl with its the bison has a fair amount of installed base of vigil readers and then you go right to apple, which with the iphone as a fairly well distributed medium. people are starting to read on that medium. i think you'll find enormous numbers of other cell phones over time become reading devices as they have for example in korea and japan. and i am not done yet. and i not done yet. we have google waiting in the wings perhaps. we have other electronics companies that see this as a vibrant enough market and then we have one other thing that is important here, which is in music, there had been standardized pricing for a really long time. and other words when you guys were buying l.t.'s when your perhaps growing up, not that you were that old or more recently cd's they tend to have a very narrow band of pricing by the industry. sigel's, whether itunes ingalls or before that, singles that were playing on fixed media also have very uniform pricing. so when itunes came out with a 99-cent price point for a single track, that ended up sticking fairly quickly in becoming quite standardized. in

caller: this is typical of the media who always says either/or in do not look at the whole subject in history. this compares apples and oranges. we're talking about being attacked within our country, not from downside as in the second world war. you do not compare what roosevelt did then and what bush does not. you have to find another president in the current era of terrorism to compare. so, the comparison is poor to begin with. host: they're using a national security issue taken through congress. caller: national security -- at 05 am answering your question and not -- national security is extremely important in both cases, but this is a whole new global situation. now we are being attacked from within and could be attacked more from within. i agree with what the previous caller said, whether your for or against obama, you have to listen to what the military and thesay. -- what they say. if you go to congress today there is a lot of political stuff. you will not come up with what is absolutely right because there will come up with what keeps them in office. the president has the power and ability to make a decisi

it's also important to remind ourselves that the notion of workers control is as american as apple pie[applause] >> i was impressed with what's there in the early days of the industrial revolution in new england, working people just took it for granted that those who worked in the mills should own them and they also regarded wage labor as different from slavery only in that it was temporary. also abraham lincoln's view approximate. there's been immense efforts to drive these thoughts out of people's heads to win what the business world calls the everlasting battle for the minds of men. on the surface they may appear to have succeeded but i don't think you have to dig too deeply to find out their lane and they can be revive and there have been some important concrete efforts one of them was undertaken 30 years ago in youngstown, ohio, where u.s. steel was going to shut down a major facility that was at the heart of this steal town and there were substantial protests by the work force and the community and there was an effort to bring to the courts the principle that stakeholders should

the quest which is a big company in colorado. quest, one of our ceos who has now gotten himself in trouble got $140 million. now, this is comparing apples and oranges but the governor of the state of colorado gets $90,000.50 thousand to $200,000 in colorado. how is it an executive gets $148 million? how does that pay come about? mr. sperling, how does anybody approve that kind of salary? >> i don't know the specific case but i will say one thing and again you have excellent experts coming on which is one of the things, you know, one of the things that discerns me is whether or not retirement golden parachute type of payments are promoted because they are less transparent. people do not know the walkaway value of what a corporation co may have until that moment -- >> maybe give you one that you are familiar with or have a panelist. i agree appreciate getting more teeth to the compensation committee but there is still the divide between the owners of the company and the management and maybe the owners raised in, that is laissez-faire capitalism. let's take angelo mazillo with countrywide. his salary was $200 million. $102 million. or the

apples. to look at what the costs are for the family situation. across the different plans. right now you're unable to do that. if you're a federal employee and you ever the federal employee's health benefits plan, it's a little bit easier. that's a plan where you are able to look at some of the paperwork and get on the computer and do some comparison shopping. we want everyone to have that same ability that federal employees have today. i would say to the gentleman when we talk about this idea of the employers being required in some way to either offer health insurance to their employees or to pay into the system so that those employees will have the ability to make that choice, we don't want to do that in a way -- i want to be very clear about this. we don't want to do that in a way that's going to incentivize employers to say, well, you know what, i'll just stop offering health care coverage and all my employees can go into the plan. that is not what this is about. and we don't want to add one more financial burden to half of the small businesses in the country, the ones

european union, i'm not certain comparing sovereign nations to states in the united states is appropriate. we might be comparing apples and oranges. i ask my question and direct it to michael mcraith from illinois department of insurance and if possible to give the, a second opinion from kenneth spence with travelers insurance. what do you like -- what would you like to see in the administration's regulatory reform proposal? >> thank you, congressman. first of all, i think it's important to appreciate the strengths of our current system as you clearly understand. we are a nationally coordinated system of states. we have multiples sets of experts looking at one company so that it's not a single regulator, it is multiple regulators working together in a coordinated fashion with a national system of sovereignty regulation, a national system for people like mr. nutter and others in his constituency and internationally that there was that national system that can be recognized. in terms of systemic risk, as i mentioned earlier, there needs to be -- there must be a primary role for the functional regulators. in other case,

. -- that is from "the washington post" this evening. there will be an apple event this weekend. mortgage rates hit a six-month high. the piece points out that rates have risen to the highest levels in six months. it is threatening to the late housing turnaround by discouraging potential homebuyers. the issue this morning is unemployment. it is at 9.4%. robert is up from new york city on the democrats' line. caller: thank you so much for having me on. it is surprising that they are showing 9.4% in terms of the rate of unemployment. the line directly beneath that says that it is the most in 25 years. i had an opportunity to work with an organization hiring individuals for customer service representatives. it over the last few months, we have seen an enormous amount of individuals applying for this particular job. my question to yourself and the viewers is this. even though we are showing 345,000 in terms of job loss, what type of hiring have we had? are there any indications that there are jobs being created? if you take the numbers since november, we have several million people wh

may retail sales rise by the largest amounts to an apple europe -- four months, reflecting higher auto and gas sales. new claims for what is benefits drop more than expected to

the board overlap which would examine two directors serving on both apple and googled boards. and a behavioral at, whether the industry does enough to protect consumers. -- behavioral ads and whether the industry does enough to protect consumers. good morning ,caller. caller: yes, i am an independent from buffalo, new york. in my household we will give the president and incomplete. here is why. both parties will get anything they want. those guys want to make their hundreds of millions of dollars. they will get to. let's hope the president has not miscalculated this whole thing in a political sense and pays for this down the road. i am for the president and for this country, but let's face it. the banks, whatever they want they will get. trillion dollars have been put into this thing and i think we're missing the point -- there's a lot of stuff on the balance sheets which is not being talked about. we're guaranteeing all the deals. this whole thing -- let's hope that it works out. host: one more call from tacoma, washington on our independent line. sorry, wrong button. caller:

the handset exclusivity relationship. what do you think about this innovation response? i think at&t or apple has been able to develop because of the air exclusivity relationship of the handset. >> thank you for the letter. we support that action. on innovation, it is really important to note that it does not the wireless provider that is the innovator, but the device manufacturer. we have seen devices where services have been crippled as they have come over or been developed in the united states marketplace. there is evidence of a phone manufacturers saying we had called diamonds that we wanted to offer but we have been told that we should not roll those out. we have had gps that we wanted to offer free to consumers but grasp not to rule that out until the carrier's determined a way to get consumers to pay for it. i believe innovation -- the handset exclusivity is one way to finance research and development. and if consumers are trying to get certain types of phone, more options should be available at lower prices. >> verizon has announced that it " reduce the exclusive time of two of its ph

the government plan itself? sure it is. you're not comparing apples and oranges and employers across this land because of the regulatory environment, again, in answer to the other question, because of the regulatory environment, if employers across this nation had an opportunity to say get me out from under this incredible ownerous burden that the federal government puts on me, just because i'm trying to supply health coverage for my employees. there is already an alternative that the feds are running tell me what employer his or her right mind would say oh, no, i don't want do do that. take that headache off my plate. it is phenomenal. it is just fantasy to believe that the federal government won't crowd out private industry and end private health insurance as we know it. >> i'll answer this in just one final thought. i know we need to move on. i had a car company in my office the other day who had not -- was not currently owned by the federal government. [laughter] ok, gmac has received $10 billion. they are offering five-year no interest loans to h

already out with its device and has a fair amount of digital readers, then you go right to apple with which the iphones, you know, as a fairly well distributed medium, people are starting to read on that medium. i think you'll find enormous numbers of other cell phones over time become reading devices as they have, for example, in korea and japan. >> host: but do you think -- >> guest: and i'm not done yet. >> host: sorry. >> guest: we have google waiting in the wings, other consumer electronics companies that may see this as a vibrant enough market, and then we have one other thing that's important here which is in music there had been standardized pricing for a really long time. in other words, when you guys were buying lps when you were perhaps growing up, not that you're that old, they tend to have a very, very narrow band of pricing priced at by the industry. singles whether those are itunes singles or before that singles that were playing on fixed media also had very, very uniform pricing. so when itunes came out with a 99 cent price point for a single track, that ended up sticking fairly

and general motors directly on a daily basis and as wine every other aspect of the retail business from harley-davidson to apple stores and, yes, toyota and honda you see that a premium is placed on crating the distinct consistent and top-notch retail experience. that's why we're building a profitable business plan for between 3500 and 3800 u.s. dealers by the end of 2010 which was a retail sales market over 10 million units and conservative share assumption would allow our dealers to approximately double the throughput. for dealers this is a greater return on investment, better profits and ability to attract and retain new customers and the best people to serve as vehicles. finally even with the cutbacks and gm will have a large network in the country more than any of our competitors and in our case around 3600 verses, for example toyota at 1200 and this would include an extensive oral network of 1500 dealers nationally in markets where we hold today on average more than 10 points and manage and market share. while we're operating with a high sense of urgency is equally important and get the process right cons