so, we are different than the u.k.. we are the u.s. the way. >> once again, just to clarify, if finders did you correctly on the original question, you do not believe that nice limits medications in the u.k.? >> you know, i think we would have to have the british ambassador, and answer some of these points in the u.k.. >> mr. chairman? >> senator coburn. >> i want to make the point again, shall not be construed as not cut it. because we are saying it, but cms is limiting payments today. limiting payments today, so if the defense against what senator and the wants to do is that we have the language to protect it, the proof is in the pudding. we don't. they have a wide range, and they are in fact rationing care at cms today as well as practicing medicine. and creating and h adjusted life value and then measuring that against what it costs, forgets one important aspect of healthcare. that individual's human life that you are applying it to. so, when you have failed three courses of treatment on recurrent leukemia and there's a drug that w

if invited, you know, we'd be delighted to come and use the energy that we expended in the u.k. looking at the american train, train network and see if we couldn't do the same here, and i'm sure there are certain routes that could, that would make a lot of sense. and i think it's extremely good that obama is thinking about trains. they are environmentally much more, much more friendly than planes and cars. and it's a really delightful way of traveling. >> can you tell us the current status of your venture on affordable space travel, and do you think virgin will fly to the moon in your lifetime? >> i hope so. well, where are we? extremely exciting in a spaceship one flew proved that a reusable spaceship could be built and run by a commercial company. so we have been building eve, which is the mothership to take spaceship into space. the mothership eve is now finished and flying, beautiful looking, beautiful looking craft named after my mother. of course, it's beautiful. and, therefore, the craft that is now capable of taking the spaceship up to 60 thousands feet is ready to do its

was the u.k. asked to help the iranians in 1953? >> there were groups that were interested in having united states and u.k. help but it went beyond that. it was a broad-based appeal for help whichs was the thought, but that was wrong. the reason why mosadde fell out with the united kingdom and united states is because it might lead to add sapgs to the soviet union, but also to the fact that he had nationalized u.k. oil interests are in iran, so it was a bad episode in u.s. history, and politicians in both countries have recognized the fact

>> well, the british government was brave enough to privatize the rail networks in the u.k. about ten years ago and we have stepped in to take over the west coast main line which is really the biggest line in the u.k. and we have doubled the number of passengers traveling on that line from, i think, very rough figures something like 15 million per year to 30 million per year. that's since taking it over. the way we've done that is by introducing high-speed trains, the advantage of high speed trains is not only do they go quicker for the individual who is on that particular train, but it means that we can get many more trains on to the track and so, for instance, if you are going from london to manchester you can travel by train every 20 minutes and the trains are capable of even more and we hope we can get that down to every 15 minutes. and now we've got full internet use and you never get cut off on your phone, basically why would nobody consider getting on a plane or getting in a car? so it's been a tremendous, tremendous success story and something which we're one of the t

it was good then and it's good now, so i come to this table the usa way, not the u.k. way. i believe an employer sponsored benefits and i would hope we would look at that and how to build on that. at the same time of, these were the big guys. my father was a little guy. he ran a little grocery store. my grandmother was running baker shops where my uncle is one of whom was a bronze star winters had come back to work. they had no access to health insurance. they were too little. it cost too much. but my father, my own goals believed in two things. they believe in capitalism and they believed in their government. what happened was their government stepped in and my father for the first time in my uncles had access to social security. my father was so relieved though he had a private insurance to protect my mother should something happen to him that social security was the safety net. he believed in public options. but also what we invented again because of our genius, because not for private insurance along came something which was a new approach called blue cross and blue shie

you heard the u.k. officials. there scandal goes way beyond what is publicized. -- teir scandal -- their scandal goes way beyond what is publicized. the friday election was an epic. the epic is historical. it affected the world. some of the enemies in different parts of the world depended on depicting this definitive victory -- and they wanted to indicate it as a doubtful victory. some even wanted it to show this was a national defeat -- wanted to show this was a national defense. -- a national defeat. they wanted to give a bad taste in the mouth. the highest turnout in the world. that happened. they cannot manipulate it anymore. [crowd speaking] well, the tougher competition is over -- the time for competition is over. all of the people who voted for the candidates, they will have their rewards from god almighty. they have all fought in the battle front of this establishment. they belong to this establishment. this might be considered as worship for some of these people, depending on their intention. 40 million pe

the u.k. has problems, france has problems. every country has problems. but the relate it, we're spend -- but the reality is, we're spending almost twice as much as any other nation per capita on health care. we should be doing far better than every other country on earth and that is not the case. the reality is that we're spending close to $2.7 trillion on health care -- that's 18% of our g.d.p. and the skyrocketing cost of health care in america is unsustainable, both from a personal point of view and a macroecomonic point of view. at the individual level, the average american today is spending about $7,900 on -- because of medically related problems. stop and think. a million americans going bankrupt because they can't pay their medical bills. on a personal level, what does it mean? imagine dealing with scerks dealing with diabetes, dealing with heart disease, and at the same time having to stress out and worry about how you're going to pay the bill. i am not a doctor. but i can't help but believe that it doesn't make one's recovery process any better w

they went the u.k. way, but our country had a meeting called "the detrick agreement," where great labor and the great manufacturers met to talk about not the u.k. way, but what would be the u.s. away -- " the detroit agreement." s capitalism, that is entrepreneurship, that does believe in a private sector so they came up with a way where we would have employer-sponsored benefits to a private insurance mechanism, but ensure at the same time a social contract that our democracy has stood for and others around the world. that's how we got to employer benefit, employer-sponsored benefits. it was good then and it is good now. so i come to this table the usa way, not the curbings, way. i believe an employer sponsored benefits and i would hope we would look that the and how to build on that. at the same time, though, they were the big guys that met. my father was a little guy. he ran a little grocery store. my grandmother was running the little baker shops where my uncle, one of whom was a bronze star winner ha

they went the u.k. way. but our country had a meeting and was called the detroit agreement, where great labor and the great many factors of the country met to talk about not the u.k. way but what was going to be the usa way and they felt about how they would do with maintaining the genius of america that is capitalism, that is all true and worship that does believe in a private sector so they came up with a way where we would have and we're

him mack well, i think at that point they were growing up significantly in the u.k. and fell like they needed an american presence and didn't want to just sell the rights to a lot of their books to publishers in the u.s.. in the u.s. is one of the largest markets in the world for a book publishing so they were taking that next up, there were the publisher of harry potter in the uk so i think they took that opportunity this and establish a foothold here. in a very small way 10 years ago and now it has grown considerably and george tipson who is the publisher can talk about the various how it has expanded in those 10 years and the different divisions that and now encompasses. >> also joining us the publisher from bloomsbury press, what is the difference between bloomsbury press and that bloomsbury press usa. >> bloomsbury press is a small imprint devoted to serious nonfiction. we have history, politics and for events, economic science in the kind of thing. so it is much less general and more focused than the general audience in general interest. >> what you have coming

let me start by asking about the executives in the u.k.. do they make more than executives in the united states? >> nope. >> executives in germany, today in the main make more than executives in the united states? >> nope. >> and executives and france, today in the name mike morgan executives in the united states? >> no. >> the question becomes to those who contend if we do anything to encroach upon the current system people will flee to other places and make inordinate amounts of money and other places leaving us with a brain drain. the question becomes where do they go? >> they go to private equity and hedge funds. >> in the united states. >> within the united states. >> hold on just a minute. >> the percentage of private equity and hedge funds cannot accommodate the number of executives we are talking about. so, some may go but the truth be told the argument is that we are going to lose them to other countries. that's the argument that's being made and there is no other country that they are going to go to and fair as well as they are fea

over in the u.k. there was absolutely no interest, and for the most part there wasn't much interest in washington east. and i became increasingly concerned because it was clear to me that this scale of activity was not merely occurring or expanding very, very rapidly, but doing so with very little oversight and doing so in a condition where there was almost nobody who was able to understand how the minutiae of the credit world worked, let alone how it all fitted together who was not in some way entirely beholden to the system or who did not have a vested interest in preserving it either because they were being paid by the system, or because they were a regulator and they worried that in rocking the boat too violently it might all come crumbling down. so then, of course, the summer of 2007 happened and our worst concerns about the excesses that had been building in the financial system became only too true. and in subsequent months in between the sheer maelstrom of trying to cover what was happening as

that is money we don't have, and we will end of a system like we have in the u.k. and canada where people cannot seem to get sick to see a physician. they have to go without care. this country should never have to be put into that situation. host: there are three or four house committees drafting legislation and one is ways and means. our guests, congressman cantor serves on the committee, a graduate of george washington university, got his law degree at william and mary and studied at columbia university. charlotte on the democrats' line from overtime, fla. -- boca raton, florida. are you still with us? caller: i would like to say what has gone wrong is we have relied on the insurance company is -- insurance companies for so long and that if you think that the insurance companies down the line are going to cooperate and keep people ensured who have prior health problems, i think that you have no credibility. and you talk about quality. if you can't afford health insurance were going to a doctor, what good is the quality only for the wealthy? guest: let me try to a

when we look at statistics of countries where you have routinely been put on a waiting list like the u.k. and others, in particular, in the treatment of breast cancer, in our country where hopefully you don't get put on a waiting list when you have got breast cancer, you get operated on quickly. your overall survival rate for breast cancer is 90%, but in the u.k. system, where you frequently get put on a waiting list, a five-year survival rate for breast cancer is 78%. that is a significant change and as you described to us, a 2-centimeter mass grew to 7 centimeters and lo and behold you had to have your lymph nodes removed and i guess some of those for positive by the time he finally got operated on. is that the case? >> yes. >> well, let me, with that information, let me just add this question, and it relates to hugh in particular but it relates to everybody in general and i would appreciate your thoughts on ways that you think that we could strengthen the private market, so that other people, anyone with chronic illness can find affordable health insurance or do you think we should tu

you heard the u.k. officials remarks. this is only part of the scandal. this data goes way beyond what is publicized. let me summarize this. the friday election was an epic. the epic is historical and affected the world. some of our enemies in different parts of the out world intended to depict this absolute victory and this definitive pact -- victory. they wanted to indicate that as a doubtful victory. some even wanted to show this is the eight national defeat. they wanted to give you a bad taste in your mouth. they could not see that the highest turn out in the world goes down in your name. they cannot manipulate it no more. [chanting] the time for competition is over. all those people who voted for these four candidates, they will have their rewards of god almighty. they all fought in the battle front of this establishment. this might have been considered as worship for some of these people, depending on their intention. 40 million people have voted for the revolution lists. -- not only the 24 million that went for the president, 40 million votes in fa

wup of the first things they did is call the anti-pie rassy center in the u.k. what are your thoughts on this one? for now, we have been trying to hook up some of these ad hoc relationships. we've used those relationships to expand among sharing and in incident response. we've succeeded in siker mrgsis putting together the ad hoc collations together and figure out how to get something done around some of the cyber emergencies.svy we need to figure some of those out. jo this is another area we node to go farther, stronger, faster. this is an international problem. this is something no one government could solve. acknowledging we have a lot farther to go. both chris and i have share the time working it is a very effective way for law enforcement around the world to solve crime. we need to find a way it build on those experiences. jo earlier someone mentioned the idea that we need to make -- i'm curious how any of you and what ideas you would have. my experience in the private security is not the response of the workers. do any of you have any insight on how you wr

seeking approximately $5 billion in launch aid from the governments of france, germany, spain, and the u.k., to now fund the develop must the airbus a-350 and the reports indicate that the deal could be completed within the month. well, madam president, if we want to keep a strong aerospace industry in america, we cannot let that happen. every time european governments underwrite airbus with subsidies, our american workers get pink slips. if we want to lead the world in commercial aerospace, our message to europe has to be strong and clear: no more illegal subsidies to prop up airbus and airbus has to compete in the market place just like everybody else. madam president, i am deemly troubled that airbus is considering pursuing, now, additional illegal trade-supporting subsidies that, in fact, have caused adverse effects on the american aerospace industry at the same time the european union is being sued in the world trade organization for those such practices. madam president, that's why i am writing to ambassador john bruten urging the e.u. to show they are serious about ending any discus

zionist radio and some media in the u.k. and in the u.s. have been trying to say otherwise, that this has been a competition from inside and outside the establishment. that's not true. it's been a competition within the establishment. i know them very closely. i know them all. i note they are stating their case very well. i am familiar with their personal traits. i've worked with all of them closely. i know them well. of course. i do not approve of all of their viewpoints, not all of their viewpoints do i approve of. some of their attitudes and approaches could be criticized, without a doubt. some of them i consider more appropriate to serve than others. but it has been upon the people to decide. that is what happened. the people picked to they wanted. -- who they wanted. my choice was not revealed to the public. people have their own criteria. they acted based on that. millions year, millions outside the country, they decided for themselves. this is a an internal issue of the islamic establishment. changing the reality is purely a treacher

the sign nists radio and also some meania in the u.k. and in the u.s., they had been trying to say otherwise that this has been a competition from inside and outside the establishment. no, that's not true. it's been a competition within this establishment. i know them very closely. i know them all. i know their thinking, their tastes very well. i'm familiar with their personal traits. i work with all of them closely. i know them well. of course, i do not approve of all their viewpoints. not all their viewpoints do i approve of. some of their attitudes and approaches could be criticized without a doubt. some of them i consider more appropriate to serve the nation as official, but it has been up to the people to decide. and that's what happened. people have picked who they wanted. my will was never told to the what i wanted was never publicized and people did not have to listen to that. people had their own yard sticks, they had their own criteria. and they acted on those. millions here, millions outside the country. they decided for themse

and is about 70% of bigger when in europe and the u.k. but the vast majority of afghanistan drug crop ends up in pakistan, iran, central asia, countries like tajikistan has used her when problems. a totally bogus argument. >> i am curious looking at the book on the cia with the national drug trade and i'm curious to the continuity of your work and you're dead to hamper also two weeks ago there was an e-mail former npr journalist and i do not remember her name but she was billed as the adviser to general mccarron and afghanistan? >> sarich ase? >> yes. one day after hurt interview he was forced to resign and i cannot help but think there was a relation between that interview and his ragged nation? >> i have no idea about that i don't know how the pentagon makes decisions nor did i see the interview. i think sarich case has done a lot of rework and afghanistan but in terms of the rumors of the cia involvement in the drug trade this is something i heard all the time whether the reasons the u.s. was not stopping the drug trade is because of ou

and the u.k. are driving that process. if they have the courage to acknowledge that the popular movement was the result of profound domestic discontent, then iran may become more inward looking and it frees its investments abroad. two extreme scenarios. it will be somewhere in the middle. this is how they are thinking about it. no one is really confident about the next phase. from the arab world, the clarity -- you know what you are dealing with. up until now, there was fate -- there was fuzziness. all of our debates about what fashion can you deal with iran, and what are they willing to compromise on, were unnerving many arab leaders. in the away, they think this is no longer the case. -- in a way, they think this is no longer the case. right now, you could argue that the u.s. is in a better tactical position than it was before the elections. we can contest that ahmadinejad -- that the defeat of hezbollah in the earlier alexians -- there is a sense -- i have read in the papers here that washington feels better. but that do

if i may add, with germany and canada and the u.k., it is not just the industry. >> in iraq, can you tell us about the situation now about water and electricity and daily living? is human rights watch or you working with the obama administrations on conditions on guantanamo? >> we have people who work in iraq. i don't know the specific conditions now as far as electricity and water. as far as working on guantanamo bay, we have had people in guantanamo bay at the hearings since this began, sitting in on the hearings during all of them as far as we were allowed. we have been very active in that. just to think about the current situation with torture, and the question about whether or not we should just say okay, we understand it was bad things that were done and we need to move forward. we have four torture mammals are right now. we believe that is the alter layer of it. you cannot move forward, on the issue find out what happened and the past, and insure them that things will not happen again. if there have been individuals that have perpetrated illegal acts, they have to be held acco

in the bbc u.k. i was reading about the poll that was done by the bbc and abc one week before the election throughout iran, and it showed that ahmadinejad would win about been by about 2 to 1, which is about what the election rolled out to. also, before the bbc journal of the you -- before the bbc journalists were kicked out of iran, on the bbc u.k., i saw a clip of an interview with one of the young women that was in the protest movement, and she made a comment that that the media had it wong. they weren't protesting the government. women are protesting for equal rights. the young women want equal rights with men. you know, they're tired of riding at the back of the bus, and basically the policies of ahmadinejad, they see as constricting the economy of iran . guest: you're right that the importance of women in the political movements of iran is broad based. there is a wide range of concern including rights, the economy, a better life for their families, including the fact that men haven't always done

>> i know that she has also talked, if matt were here he would correct me but for in secretary of the u.k.. is that right? >> what was the topic? >> i hope to have later on this afternoon a readout for you guys that we can give to you all. >> has she been participating directly in the consultations at the white house on iran, developments over the weekend and today? >> she participated via telephone. >> today? >> well, i don't know about today's. we may have more information about that later on as well. but i know that over the weekend she was on the telephone with principles. >> can you tell lost anything more on her condition? is she having reaction to medication or something that has prevented her from traveling the? >> i don't think so. i was in a meeting with her this morning for about 45 minutes and she clearly has mobility issues with a big cast and slang and she is a right-hander, so she has got some dexterity and mobility issues but she was on top of her game this morning. >> why did you deputy secretary steinberg said special representative paul burke and special envoy initial w

thank you for recognizing me as coming from the u.k., london, i like to think it is the head of the world, along with new york in financial regulation, we can all catch a cold from what happens. we have to be alert and what comes across our borders are some things we don't expect and can be beyond our control. so when we talk about systemic risk, we're talking about control over groups. groups that can cross borders and have branches and subsidiaries, i want the same rules to every regulator at a maximum level so we know the consumers in malta and london can have the same kmekt tagss about the policies being in good order when it comes to have them paid off. most of all, just as well, that they can afford them. as i know in terms of an economic crisis, many people are turning their bank on insurance and thinking, do i have to pay the insurance bill for my house. the consequences could be enormous in terms of the social impacts as well. it's capacity and competence which has driven us to make sure we have one market in insurance. >> i appreciate what your nouts thoughts on that. i do belie

exclusion of allowing the sale of small arms and light weapons to north korea, is that something that the u.k. supports? >> we would have preferred to see an even broader ban. but this is what has been agreed to by the council. and questions? thank you. >> well, we have just voted in favor of the resolution. i hope you'll take note of the explanation i gave after the vote. i would just like to share a few parts with you. first, we are opposed to the nuclear test. second, we believe that the reaction from the security council has to be appropriate and earnest. as you can see from the languages, the resolution not only contains a sanction measures, it also contains some positive messages to the pprk. it also addresses the importance of the nuclear issue peacefully through political and diplomatic means. third, i hope you have noticed that the measures contained in the resolution are taken in accordance with article 41 of chapter seven of the charter of the united nations. we believe that sanction measures such as cargo inspection are very complicated and sensitive. we believe that the countries

>> it can be particularly dangerous and comparisons to the u.k. are deceptive for a lot of reasons, the structure of shareholders is very different, dominated by insurance companies and private pensions. the u.s. is more retail invested and substantially more union pension ownership. i would say it is not the right way. >> in the previous panel, mr. sperling testified 2 of the corporate communities setting best practices in regard to executive compensation. is that the way to go? >> we have seen some great best practices promulgated by the council of institutional investors, and best practice by the u.s. chamber of commerce. when the government does it, i would not call it best practice. the government has used its moral authority and the threat of regulation. >> how effectively do you think the executive compensation laws have been? >> the disclosures? it is too early to tell because we have only had two years of history. one issue is there's not enough working history to work from. in refining the disclosures, i would support those. >> the gentle

this is the population that european countries, france and the u.k., those entire countries equal to the people in this country who do not have health care or are only one paycheck away from not having it. guest: look, congressman star was talking about the political expediency of voting against the opposition. i would argue -- he did not want to answer it -- that right now one of the proposals, if you get health care benefits from your employer right now you do not pay tax on that as income, but the one proposes they would tax that at least a certain level -- guest: $17,000 and above. guest: if you are currently getting insurance and will pay tax on it to help those who do not. there would be picked up and be benefiting from your taxes. the other plan was to cut medicare. the president has announced he would cut $300 billion out of medicare which means the providers would get paid less. if you are on medicare and are 65 years old you can expect less doctors to be willing to see. you'd be antagonizing everyone on medicare and people who currently have health care who must pay for some

and is about 70% of the heroin sold in europe and the u.k. comes from afghanistan but the vast majority of the drug crop and up in afghanistan or pakistan, iran, central asia comment kazakhstan have huge teheran problems. is a bogus argument that is totally hypocritical. good question. >> i am curious i have been looking at this book with the cia complicity with the national drug trade and i am curious about the continuity of your work and your debt to him. and at two weeks ago there was a former at npr journalist and i do not remember her name. but she was billed as the adviser to general mccarron. >> sayre of chase. >> yes. one day after her interviewed general mccarron was forced to resign i cannot help of wonder there was a relation between that interview and his resignation? >> i have no idea about that. i do not even know how the pentagon makes decisions nor did i see the interview briefing sarich ase has done a lot of great work in southern afghanistan but in terms of the rumor of the cia involvement, this is something i heard all the t

today the system as in 2006 in the liquid bomb plot in the u.k., we have to wait until the last minute before some of that confidential information could even be distributed. you have more time to plan with this, less disruption for passengers. it will have a tremendous impact on the ability to stop attacks early. host: let's hear from callers. good morning on the metric democrats line. caller: please into the first question. you ask how this will affect passengers. how is the intermission getting to t.s.a. we want to know what will happen in the future? guest: good question, eva. when you make your reservation with the airline or on as baseline or in-person, they ask your name. there will be fields to fill out for name, gender, birth. when those fields are available to you, that will be the difference. give them your full name, gender, date of birth. it should be seamless from there on. after that they will do the match. you will not be on the list. then they discard that data seven days afterward. none of it is kept for more than seven days unless you are a potential match. host: thi

it was done with the rollback of scotland extension of credit by the u.k. government and today in "the wall street journal" it was mentioned s&p has developed additional means of providing information on credit exposure to the marketplace that incorporates credit defaults slops so we see continuing evolution and about to be encouraged. >> jury quickly senator joe hans deserves his round and at the end of we have time we will -- >> i'm not worried about to people on one side or another of the market so if somebody wants to buy and sell -- you've heard but symbols of the utility of the credit devolve swaps. the concern i have is the small airline, the small company doesn't have it treated market that we can use to price these contracts. so, again we have the lawyer poker scenario which is you have a trader firm on one side and they've decided the implied spread on the debt of this company is a good way to price redefault contract. the trouble is most people on wall street trade these instruments like options. the use them for delta hedging, various expose sirs

also to say on pay bringing this to light does have a powerful deterrent impact on just saying in the u.k. even the study from the harvard business school of little more skeptical said its positive affect was on deterring pie pans to those who clearly perform poorly. >> we have a vote and will take -- another subcommittee hearing but ms. waters will use that in the subcommittee rules so we will take a break and continue and asked the palace tuesday. we won't be gone that long. mr. mccarthy will have a chance to get in and break for the vote. >> thank you and i appreciate that. many years ago my husband worked on wall street. he started on wall street i think when he was 17 and he worked his way up and he worked for a very large financial service company. he was in compliance and he has old northeast corridor to go to all the little offices to make sure that they are complying with the sec rules but also for the company rolls and he always found it amazing because he never announced when he was going to be there that he would go into an office and

>> they were growing significantly in the u.k. and felt they needed an american presidents. we just about one to sell the rights to publishers in the u.s.. the u.s. is one of the largest markets in the world for book publishing so they were taking the next step. there were the publisher of harry potter in the uk so they took that opportunity and established a foothold here. 10 years ago in a small way now it has grown considerably and now george can talk about how my house expanded and those 10 years and now the divisions it encompasses. >>host: also the publisher from bloomsbury oppress what is the difference between bloomsbury press and it bloomsbury usa? >> the press is devoted entirely to nonfiction. history, politics, biography, current events in economics and science it is much less general and focused. what do have coming out this fall? >> and this one called half moon the henry hudson and the 400th anniversary of his discovery of the river that bears his name of new york harbor that was an adventure that really changed the course of history in north america that had a

through 2013 but the recent 2005 is important is because that was a year of the glen eagle summit in the u.k. and which the g8 made a commitment to sustain or increase its contributions to polio eradication until the job was finished and that was in 2005. as you can see the proportion in the mid that commitment as a proportion of the contributions to the program. as you can see they went from a peak of 62% with the overall funding to 43% of overall funding in 06 and 08 and down to 20 percent of what is confirmed in the current time for the program so you've got to have a place not just a very aggressive advocacy agenda to maintain your funding streams but also other funding streams to adjust for problems like this. in the seventh lesson was protect your gains -- as a move toward an international public health we have a terrible habit of moving on to the next thing in taking our attention away from some of our successes only to see them to window again and perhaps the most riveting example of this in polio eradication is that we have not been able to protect a lot of the polio free areas beca

committees but also to say on page bringing this to light does have a powerful deterrent on say in the u.k. even from the study business school it was a positive affect on the tour in high payouts to those that perform pour early. >> we have another subcommittee hearing, so we will take a break and we'll have to votes so won't be gone that long. and will take your questions and then break for the vote. >> many years ago my husband worked in wall street. he started out in wall street i believe when he was 17 and he worked his way up and worked for a large financial service company. he was in compliance and had the whole northeast corridor to good of offices to make sure they were complying with the sec rules but also the company rules and he always found it amazing because he never announced when he was going to be there he would go into an office and a lot of them followed all the rules and regulations, no problems but there were certain offices that didn't follow the rules and regulations and he would write them up and another surprise visit back to see if they cleaned everything up. they

the decrease in transit time is startling between the far eastern countries and the u.k. and our nato allies. we can cut a for your 05 steaming days off. an issue of significant strategic and economic importance. we are working in concert with -- not been contest to northern command from a european command, our friends and allies, and the department of state. >> the menil, have complicated, challenging, and important, it you are dismissed. thank you. [applause] [captioning performed by national captioning institute] [captions copyright national cable satellite corp. 2009] >> how is c-span funded? publicly funded it. donations may be? i have no idea. >> government? >> federal funding? >> may be, i do not know. >> how was seized in pandit? 30 years, america's cable companies created c-span -- how is c-span funded? 30 years ago, america's cable companies face c-span as a public service. no government mandate or money. >> "washington journal" is next on c-span. this morning, a pentagon briefing on iraq with a juror not -- general odierno. later on in the day, in the that the

was there cross fertilization with the u.k.? >> absolutely. one of the things that is really interesting and almost unknown to days that frances perkins was very active in the international or-- which was part of the league of nations. she got the united states de'jon that ilo in 1934. yanna the topic was radioactive, the league of nations and the united states. fdr, when he had been the young assistant secretary of the navy had actually helped to arrange the first, one of the early i l omeetings in 1919 here in washington so frances perkins attended that meeting in 1919. international labor organization brings labor officials, government officials and business officials together to talk about labor and economic issues so frances perkins is very aware. she is part of that discussion. she is a major labor official all of this year's end the english at that point are leading the way with unemployment compensation. she actually goes to england in the 1920's to learn how the english do their unemployment compensation system. she sees workers climbi

if i may add, with the u.k. and germany, canada, some of our major allies, it is not just the whole ec. >> in iraq, can you tell us about the water and electricity and matters of daily living, human-rights, are you working with the obama administration on conditions in guantanamo bay? >> we have people who work in iraq, i don't know the specific conditions as far as electricity and water. munitions are by issue. if it goes boom, they call me. as far as working on guantanamo bay, we have had people in guantanamo bay at the hearings since they began. actually sitting in on the hearing during all of them as far as we were allowed. so we have been very active in that. to speak about the current situation with torture and the question about whether or not we should just say okay, we understand that things were done, we need to move forward, we have four torture memos out, and that is just the outer layer of the onion. you cannot move forward unless you have found out what has happened in the past and we account for th

the decrease in transit time is startling between the far eastern countries and the u.k. and our nato allies. we can cut a for your 05 steaming days off. an issue of significant strategic and economic importance. we are working in concert with -- not been contest to northern command from a european command, our friends and allies, and the department of state. >> the menil, have complicated, challenging, and important, it is 1830. you are dismissed. >> thank you, sir. [applause] [captioning performed by national captioning institute] [captions copyright national cable satellite corp. 2009]

wider nato mission for do we will also offer training opportunities at sandhurst and elsewhere in the u.k. for the iraqi officers of high potential. .. british companies are now competing for further contract and roles was an parkinsons' discussing with the ministry of electricity proposals for a new power generation infrastructure where an additional $200 million. british funding will support lending to thousands of businesses a youth employment program should give training permanently to young basrawis to be rolled out as a result of success across the whole of iraq and we're supporting the iraqi transport ministry and the resumption of flights, the council working on a major education program and iraq identified as hers to minority students and it earlier contribution toward plan for 10,000 scholarships for iraqi students. mr. speaker, issues in the region still confront us. iran is an independent nation that deserves our respect and the aryan people are proud people who deserve democracy and that is why the regime must address the serious questions which are being asked about the cond

would be a very significant move forward in terms of transparency and accountability, the evidence in the u.k. shows it has had a positive impact and in terms of the independence of compensation committees i will say briefly we start with the same premise s chairman frank that independence in the name doesn't mean in fact but we do believe if you gave the committee the funding and the authority to be the haulier some of the compensation consultants and the council and you had the sec go forward to ensure reduction or elimination of conflict of interest for compensation consultants it is our hope we would at least make progress and move the ball forward. thank you. >> thank you, mr. alvarez. >> thank you for the opportunity to offer the federal reserve's. compensation practices and financial firms and other business organizations can have a significant effect on the safety and soundness of banking organizations and on financial stability. compensation of arrangements which include a salary, bonuses, retention bonuses and other forms of compensation and any type of organization serves several i

way the system works today is in any kind of series of events like the 2006 liquid bomb plots in the u.khad to wait until the last minute before some of that confidential information could get distributed. so this means you'll have more time to plan, less disruption for passengers, and i thank you have a tremendous impact on our ability to stop attacks as early as we would like to. >> host: let's hear from callers, pittsburgh, good morning on our democrats line. >> caller: good morning. i wanted to ask if you please answer the first question that you asked and that is, are you asked how this is going to actually affect passengers, how this is going to work? how is the information getting to tsa? you answer that by saying how it happens now but we already know that, we want to know what's going to happen in the future. >> guest: good question. so the answer is that when you make the reservation whether the airline were on-line with the travel agent or in person with a travel agent they ask who are you, what is your name so there will be fields to fill out, what is your full name, what is

that ever volunteered the word securitization before the summer of 2007 was barney frank over in the u.k. there was absolutely no interest among the mainstream parliament or in washington either. and i became increasingly concerned because it was clear the scale of activity wasn't merely occurring and expanding rapidly but doing so with little oversight and where there was almost nobody that was able to understand how the credit world worked, let alone add up how it fit together. there wasn't in some way entirely beholden to the system or who didn't have a vested interest in preserving it either because they were being paid by the system or because they were a regulator and worried if they it might come crumbling down. so, then of course the summer of 2007 happened and the worst concerns about the excess is building in the financial system became true. and in the subsequent months between the shia maelstrom try and to cover what was happening as the world fell apart and many of you were also screen around like headless chickens working out what had happened and what was going to happen a

host: what role does the u.k. have and all of this quotient -- had in all of this? house of are they from the rest of europe in terms of spending? guest: they actually severed a great deal in part, some people think, because they have become so dependent on financial services at the major industry. there is very little manufacturing left in the british economy. and financial-services was deeply dependent on the housing prices and sales, which have fallen dramatically in great britain. it was deeply dependent on transfer is in the financial system and activity in the financial system, which has dried up a great deal during the recession, in part because, we must remind ourselves, much of the financial crisis began because of the excess is. and the problem going forward for britain is that they've you how to fix this problem, how to deal with this crisis differently from most of the other continental europeans. they are desperately concerned that the european union will want to impose new regulations and financial-services and bank activities and hedge funds, etc., and

we will also offer training operations elsewhere in the u.k. of iraqi officers of high potential. but at the core of our new relationship will be diplomatic trading and cultural links. supporting british and other foreign investors who want to play a role in the reconstruction of southern iraq. i discussed with promised al- maliki -- british companies to provide expertise to the oil industry. earlier this year mesopotamia patrolling countries signed a joint venture with $400 million, shell is working with the seven oil company to bring to market some of us cubic feet of gas, british companies are now competing for further contract and roles was an parkinsons' discussing with the ministry of electricity proposals for a new power generation infrastructure where an additional $200 million. british funding will support lending to thousands of businesses, a youth employment program to give training and work to young in basra could be rolled out as a result of its success brought the whole of iraq, and we are supporting the transport ministry for the resumption of civilian flights. worki