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May 12, 2010
05/10
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the convergence of u.s.-china interests is not as great as the administration would like us to believe. the degree of cooperation is not as great as one might hope. now we're going to open the floor for about a half an hour of questions. i have some for the panel, but i will defer those. we will start with the gentleman right there. >> thank you. good afternoon. i am richard harris from momentum private equity in new york. mr. pollack, it seems the thesis of your talk could be that pretty much all lobohope of a negotiated bargain with iran -- in a administration, is anyone letting the strategic ground wework for naught if iran gets nuclear devices, but when? >> it's a great question. no. i think it is a very big mistake. it has taken the administration a lot of time to even go from preparing the american people to move from engagement to confrontation with iran. it took them a very long time. secretary clinton has been almost alone in going out there and seeaying engagement has run its course. they have a go
the convergence of u.s.-china interests is not as great as the administration would like us to believe. the degree of cooperation is not as great as one might hope. now we're going to open the floor for about a half an hour of questions. i have some for the panel, but i will defer those. we will start with the gentleman right there. >> thank you. good afternoon. i am richard harris from momentum private equity in new york. mr. pollack, it seems the thesis of your talk could be that pretty...
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May 4, 2010
05/10
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the u.s. banks have been reporting. in fact, stocks like lloyd's have been moving up recently on that idea of improving credit rating. trance ports, that's there is the story of the day. down 135 points yesterday. down 160 points today. that's choppy trading. that makes it very tough for anybody to be able to figure out how to mick money onility. retailer, same story. 2% 3shgs% increases. retail stocks, j.c. penny and coach, all down. 2% 3shgs%, 4% today. same situation with the other high beta names, homebuilders. all up 2% to 4% to the downside today. just about the same amount. tradertalk.cnbc.com. >> add technology to the list of the sectors you were talking about that are up and now down. nasdaq hanging around the range much of the day. down 3%. loss of 76 points. worst day here in many months. i will take you through big cap followy. losses of 3% to 5%. cisco systems, 3.75%. yahoo, 3%. microsoft, 2.5%. epay was down 5%. down by more% as is google. for google, 510 bucks. apple down 3%. con
the u.s. banks have been reporting. in fact, stocks like lloyd's have been moving up recently on that idea of improving credit rating. trance ports, that's there is the story of the day. down 135 points yesterday. down 160 points today. that's choppy trading. that makes it very tough for anybody to be able to figure out how to mick money onility. retailer, same story. 2% 3shgs% increases. retail stocks, j.c. penny and coach, all down. 2% 3shgs%, 4% today. same situation with the other high beta...
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May 15, 2010
05/10
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i mean, the u.s. and mexico are on par and if mexico can't pass reforms it is because of divided government. i don't buy that. i mean, in a normal democracy you don't have the sort of veto power that a carlos slim... can exercise over the political process. >> although, it would be interesting to ask how much in other unequal societies, societies that -- as mexico is, you pointed out, it is more the norm than the exception. >> absolutely, but then we are talking about all of the adds oligarchies... >> we can go into a number of them that perhaps... >> absolutely, then add on the caveat. >> would anyone trade the mexico of today for the mexico of 15 or 20 years ago. >> no. without a doubt, no. >> i should point out, health care reform, i mean, our vice president qualified it as a big f-ing deal and much in the end in a democratic process it became watered down, whether they agreed or disagreed, what came up was a compromise of compromises of compromises. >> shannon, you have the last point. >> on the do
i mean, the u.s. and mexico are on par and if mexico can't pass reforms it is because of divided government. i don't buy that. i mean, in a normal democracy you don't have the sort of veto power that a carlos slim... can exercise over the political process. >> although, it would be interesting to ask how much in other unequal societies, societies that -- as mexico is, you pointed out, it is more the norm than the exception. >> absolutely, but then we are talking about all of the...
WHUT (Howard University Television)
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May 24, 2010
05/10
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it already has the u.s. support. >> we endorse the president's call on north korea to come forward with the facts regarding this act of aggression. and above all, to stop its belligerent and threatening behavior. >> a 200-strong delegation from america and arrives in beijing to talk about north korea and currency reform. the state of emergency in the jamaican capital after armed supporters of an alleged drug lord it take to the streets. back to business -- schools and shops gritty to reopen in bangkok. -- get ready to reopen. >> hello, and welcome to gmt. last week's south korea said it had an overwhelming evidence that its northern neighbor deliberately attacked one of its naval vessels. now comes the retaliation. so, suspending trade with the north korean capital -- and looking for condemnation at the un security council. it has the support of the u.s., but what if china, the traditional supporter of the north? it is the test of beijing. can rise above all the alliances -- alliances, and at the super region
it already has the u.s. support. >> we endorse the president's call on north korea to come forward with the facts regarding this act of aggression. and above all, to stop its belligerent and threatening behavior. >> a 200-strong delegation from america and arrives in beijing to talk about north korea and currency reform. the state of emergency in the jamaican capital after armed supporters of an alleged drug lord it take to the streets. back to business -- schools and shops gritty...
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May 10, 2010
05/10
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the u.s. and china, but also given the central role that both of our country's play in being part of the problem and solution of some many of these issues, like the economy, climate. i also want to express appreciation for my good friend richard busch. i am glad to see that things remain in good hands here. i think it is important to begin the discussion of our collaboration on global issues by reiterating cover basic approach under which president obama has led our engagement with china. we welcome a china that is strong, prosperous, and a successful member of the international community. now is the time for our nation to join hands and to commit to creating a prosperous future for our children. a four-positive looking commitment that understands that we have to look at our relationship and a broader context. this goes to the point that secretary clinton gave last year, which is, given the nature of the challenges that we face, the changing global agenda, we face a world where collective actio
the u.s. and china, but also given the central role that both of our country's play in being part of the problem and solution of some many of these issues, like the economy, climate. i also want to express appreciation for my good friend richard busch. i am glad to see that things remain in good hands here. i think it is important to begin the discussion of our collaboration on global issues by reiterating cover basic approach under which president obama has led our engagement with china. we...
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May 12, 2010
05/10
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the u.s. did something very punitive with regard to import and this will cut them 50% or some such. the u.s. doesn't have the tools to do. it's illegal. i'm not suggesting, it's a mental experiment, okay? let's imagine the u.s. is okay. they have to go down by half. among the things that would happen would be a lot of things that were previously coming from china would anyway come in from countries such as korea, south korea, from india, from thailand, from malaysia come from indonesia, from australia, from japan, from taiwan and everywhere else. trade is a multilateral in so many ways that it is hard to think of how you do something by laterally, and yet much of what has been the focus in all this has been bilateral. and that i think has been a big mistake, both for the obvious reasons that is not going to go and it is not a bilateral problem, but also it's been very ineffective and it is indeed because of issues that were raised in earlier sessions, chinese nationalism, chinese decision, the
the u.s. did something very punitive with regard to import and this will cut them 50% or some such. the u.s. doesn't have the tools to do. it's illegal. i'm not suggesting, it's a mental experiment, okay? let's imagine the u.s. is okay. they have to go down by half. among the things that would happen would be a lot of things that were previously coming from china would anyway come in from countries such as korea, south korea, from india, from thailand, from malaysia come from indonesia, from...
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May 21, 2010
05/10
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general mcchrystal, the head of the u.s. and western forces there, said during the karzai visit on the newshour that he thought at least the taliban's momentum had been stalled. i think he said, at this point, neither side is winning. what do you think since the u.s. doubled its forces? has the security situation improved? >> if you're talking about the... the perception of feeling or the people of afghanistan, no. it has not, because security is in the mind of the people. do they feel secure, more secure today than it was like six months ago in different parts of the country? i don't think so. >> warner: so would you say the taliban is still gaining ground, or simply not losing ground? >> the issue with the taliban is that when they say, "we are doing this," then they deliver. they said that they were going to start their offensives, and in two days' time, they started. and what we promised to our people altogether, afghans and the international community-- it doesn't seem to be perceived in that way. >> warner: so you mean
general mcchrystal, the head of the u.s. and western forces there, said during the karzai visit on the newshour that he thought at least the taliban's momentum had been stalled. i think he said, at this point, neither side is winning. what do you think since the u.s. doubled its forces? has the security situation improved? >> if you're talking about the... the perception of feeling or the people of afghanistan, no. it has not, because security is in the mind of the people. do they feel...
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May 11, 2010
05/10
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the u.s. and china, but also given the central role that both of our country's play in being part of the problem and solution of some many of these issues, like the economy, climate. i also want to express appreciation for my good friend richard busch. i am glad to see that things remain in good hands here. i think it is important to begin the discussion of our collaboration on global issues by reiterating cover basic approach under which president obama has led our engagement with china. we welcome a china that is strong, prosperous, and a successful member of the international community. now is the time for our nation to join hands and to commit to creating a prosperous future for our children. a four-positive looking commitment that understands that we have to look at our relationship and a broader context. this goes to the point that secretary clinton gave last year, which is, given the nature of the challenges that we face, the changing global agenda, we face a world where collective actio
the u.s. and china, but also given the central role that both of our country's play in being part of the problem and solution of some many of these issues, like the economy, climate. i also want to express appreciation for my good friend richard busch. i am glad to see that things remain in good hands here. i think it is important to begin the discussion of our collaboration on global issues by reiterating cover basic approach under which president obama has led our engagement with china. we...
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May 10, 2010
05/10
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the u.s. and europe are working to ensure that all countries, especially the major economies, are contributing to a global solution. we all look to and did take a major step forward in copenhagen. we now have to carry out those emission cuts, the financing and the transparency called for in that accord. we must help the most vulnerable nations from the arctic north, the pacific islands, that are the harbingers of this looming crisis. across the troubled line state -- landscape of afghanistan and pakistan, which are working to disrupt al qaeda and taliban fighters and to train an afghan army and police force so their government can protect its own people and not be a threat to its neighbors. in order to build the governing capacity of afghanistan, the united states and european union are deploying significant resources. sustaining these missions has not always been popular but you know, as i do, it is required. as leaders, which have an obligation to make the case to our populations that this is
the u.s. and europe are working to ensure that all countries, especially the major economies, are contributing to a global solution. we all look to and did take a major step forward in copenhagen. we now have to carry out those emission cuts, the financing and the transparency called for in that accord. we must help the most vulnerable nations from the arctic north, the pacific islands, that are the harbingers of this looming crisis. across the troubled line state -- landscape of afghanistan...
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May 24, 2010
05/10
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the u.s. supreme court today let an anti-trust lawsuit against the league go forward, filed by a clothing maker claiming the n.f.l. was wrong to sign an exclusive merchandise licensing deal with reebok. that merchandise-- caps, t-shirts, and other items-- brought in almost $8 billion in 2008, susie. >> susie: sounds like there will be a lot of blocking and tackling over that one. >> tom: it was a shutout as well. the nfl losing the unanimous decision in the supreme court >> susie: that's "nightly business report" for monday, may 24. i'm susie gharib. goodnight everyone, and goodnight to you too, tom. >> tom: good night susie. goodnight everyone, we hope to see all of you again tomorrow night. "nightly business report" is made possible by: this program was made possible by contributions to your pbs station from viewers like you. thank you. captioning sponsored by wpbt captioned by media access group at wgbh access.wgbh.org >> be more. pbs.
the u.s. supreme court today let an anti-trust lawsuit against the league go forward, filed by a clothing maker claiming the n.f.l. was wrong to sign an exclusive merchandise licensing deal with reebok. that merchandise-- caps, t-shirts, and other items-- brought in almost $8 billion in 2008, susie. >> susie: sounds like there will be a lot of blocking and tackling over that one. >> tom: it was a shutout as well. the nfl losing the unanimous decision in the supreme court >>...
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May 5, 2010
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but the one silver lining was the u.s. dollar-- it rose as the euro fell to a one-year low against the dollar, thanks to the european debt worries. >> susie: the crisis of confidence comes as investors worry about the greek debt crisis spreading to other countries in europe. we have two guests to analyze the issues-- a wall street market strategist, and a top economist from the international monetary fund. the imf is funding that greek bailout package with the european union. let's start on wall street. joining us now, art hogan, chief market strategist at jeffries & co. >> hi, susie. >> susie: art, if this debt crisis in europe spreads to other countries beyond greece,ç what will happen with the u.s. stock market. >> susie, one of the biggest things that has happened today and has been a consistent pattern, the more we're concerned with what is going on with the sovereign debt situation and all of greece, in particular, the euro sells off, and that's going to continue to be the case, as we're concerned with how much debt
but the one silver lining was the u.s. dollar-- it rose as the euro fell to a one-year low against the dollar, thanks to the european debt worries. >> susie: the crisis of confidence comes as investors worry about the greek debt crisis spreading to other countries in europe. we have two guests to analyze the issues-- a wall street market strategist, and a top economist from the international monetary fund. the imf is funding that greek bailout package with the european union. let's start...
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May 25, 2010
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the u.s. interior department reported numerous rule violations by staffers for the federal minerals management service in louisiana. interior secretary ken salazar called it deeply disturbing and, quote, further evidence of the cozy relationship between some in m.m.s., and the industry it regulates. ♪ they shook hands on the side ♪ ♪ tell the truth >> woodruff: on a somber note, family and friends held a memorial service in jackson, mississippi, for 11 oil workers killed on the deep water horizon. >> lehrer: the dangers to the marshlands and the coast line have increased as higher levels of oil are reaching the wetlands around plaquemine's parish in louisiana. that's where tonight newshour correspondent tom beardon filed his latest report. >> reporter: this is one of the many small barrier islands off the louisiana coast that are threatened by the oil spilling into the gulf of mexico. brown pelicans crowd on to the tiny bit of land that stands only a few feet above sea level. the birds nearly w
the u.s. interior department reported numerous rule violations by staffers for the federal minerals management service in louisiana. interior secretary ken salazar called it deeply disturbing and, quote, further evidence of the cozy relationship between some in m.m.s., and the industry it regulates. ♪ they shook hands on the side ♪ ♪ tell the truth >> woodruff: on a somber note, family and friends held a memorial service in jackson, mississippi, for 11 oil workers killed on the deep...
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May 4, 2010
05/10
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it's not trailing the u.s. too far behind and they've been able to produce, the xerox europe have been able to produce despite the downward pressure from the southern european countries. >> and asia, obviously, has been -- >> we cover asia through our partner. and so we don't see the revenues in that numbers but we see a portion of the profit and that's better so we're starting to see uptick in asia as well. >> now, would you like to see a change in terms of the mixed shift, how much you derive from asia, versus europe, versus the u.s.? how does that mix change in the next five years? >> yeah i think we'll get more revenue and profit from the least penetrated markets which are our technologies and our service and that's clearly developing markets, so china, which we don't cover but our partner cover, china, india, brazil, russia. these areas of the business will probably grow on a rate basis faster know that the developed economies. >> has the rise in commodities been a negative? how much does it eat away. >> no
it's not trailing the u.s. too far behind and they've been able to produce, the xerox europe have been able to produce despite the downward pressure from the southern european countries. >> and asia, obviously, has been -- >> we cover asia through our partner. and so we don't see the revenues in that numbers but we see a portion of the profit and that's better so we're starting to see uptick in asia as well. >> now, would you like to see a change in terms of the mixed shift,...
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May 14, 2010
05/10
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by the u.s. chamber's estimate, we will need to create 20 million jobs in the next decade to replace those lost during the recession and to keep up with the growing population. although we have created 145,000 jobs per month on average this year, it is not near enough. under these circumstances, world trade month is the perfect time to point out that expanding american exports makes more sense than ever. unlike past recoveries, we cannot simply rely on domestic consumption. american consumers are tapped out in some ways and the u.s. government, some would argue, are maxed out. would domestic demand weak and the government's ability to stimulate the economy minimized, who will buy our products and services? will the demand come from? the answer, the rest of the world. 95% of the world's consumers, 87% of its economic growth, and 70 -- 73% of its purchasing power resides outside the united states. last september, the chamber said a national goal of doubling its u.s. exports in the next five years an
by the u.s. chamber's estimate, we will need to create 20 million jobs in the next decade to replace those lost during the recession and to keep up with the growing population. although we have created 145,000 jobs per month on average this year, it is not near enough. under these circumstances, world trade month is the perfect time to point out that expanding american exports makes more sense than ever. unlike past recoveries, we cannot simply rely on domestic consumption. american consumers...
WHUT (Howard University Television)
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May 21, 2010
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research in the u.s. s announced that it has created synthetic life in a new species of bacteria, operating entirely under the control of man-made genetic instructions. it is hoped that it will help clean water, for example, speedup vaccination development. >> the completely synthetic self is replicated over 1 billion times. it is the first species on our planet that its parent is our computer. >> if treated a very strong response. -- if created a very strong response. we have had many males coming in. one viewer says, "this has the potential to alleviate suffering. that must be for the good, but it is an open world javaid." another says, "-- open for world debate. another says, this is an enormous breakthrough, but it also poses a huge risk because it could possibly be used inappropriately causing damage to people or the environment. and a doctor says, "is important not to underestimate technology. people will never be able to -- but people will never be able to>w+q create in made to order genetics." dr.,
research in the u.s. s announced that it has created synthetic life in a new species of bacteria, operating entirely under the control of man-made genetic instructions. it is hoped that it will help clean water, for example, speedup vaccination development. >> the completely synthetic self is replicated over 1 billion times. it is the first species on our planet that its parent is our computer. >> if treated a very strong response. -- if created a very strong response. we have had...
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May 3, 2010
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guest: this is a very tricky issue for the u.s. the embassy and the u.s. ment have tried to keep somewhat of a distance in this process, and the spot -- publicly. i think they are very much very behind-the-scenes. but there are calls in certain quarters with in iraq for them to play much stronger role. if this considered -- if this situation continues to be highly contentious, depending on the recount of the vote that starts today and is expected to last two or three weeks, depending on if the outcome of that is accepted by various blocks -- and that is not at all a certainty -- we may see them playing in a stronger role along with the eu and the united nations to try to come to some sort of political agreement and power-sharing deal for the government to deal with iraq's long-term problems. host: about 15 more minutes with rusty barber. when is the next time you're headed to iraq? guest: it is uncertain at this point. i will be scheduled not to have back immediately and stepping down from my role in three years. my intention is to stay with usip, but i wil
guest: this is a very tricky issue for the u.s. the embassy and the u.s. ment have tried to keep somewhat of a distance in this process, and the spot -- publicly. i think they are very much very behind-the-scenes. but there are calls in certain quarters with in iraq for them to play much stronger role. if this considered -- if this situation continues to be highly contentious, depending on the recount of the vote that starts today and is expected to last two or three weeks, depending on if the...
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May 17, 2010
05/10
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because the u.s. o president clinton's miniature initiatives positively in the end and reelected him resoundingly. >> let me add to that question. is there any chance that his signature effort, which has been dealing with organized crime -- i mean, three years from now we will look back and say there were some real gains on judicial reform, and police reform. the counter intuitive. right now, we're all pessimistic. the three years from now, is it possible to look back and say that is the real legacy? that's good to the gentleman down here. >> this is a question for denise. marcos, from centra -- [unintelligible] if you does ago, there was an article in the "new york times" about the different middle-class is in mexico, and he mentioned that 40% of those who live under the poverty line, and that is like 50 million people. 75% of those of 40% believe that they actually belong to middle- class. in this context, one of the biggest challenges, from my perspective, in terms of mexico's political system is ho
because the u.s. o president clinton's miniature initiatives positively in the end and reelected him resoundingly. >> let me add to that question. is there any chance that his signature effort, which has been dealing with organized crime -- i mean, three years from now we will look back and say there were some real gains on judicial reform, and police reform. the counter intuitive. right now, we're all pessimistic. the three years from now, is it possible to look back and say that is the...
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May 18, 2010
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the u.s. senate i hope that the federal government responsible for continuing to issue permits for deep water drilling without demanding that the companies to receive those purposbe prepared to deal with the effects of an accident, an explosion, to be better prepared to stop the leak under water then obviously you are now because you have never had to do this before. and also to deal with the environmental consequences and to be prepared not only to stop the leak but to deal with the accumulation of water if those steps in a way that is not clear -- accumulation of oil what those steps that is not clear to me that we are able to do. those of the big lessons learned. they are painful lessons learned including your company. to restate what i said before, i hoped and prayed that everything you are trying to do to stop this oil from foreign oil into the gulf works. -- from the warring -- pouring oil into e golf course. >> . chairman, i wanted to ma one final comment. all of us have raised -- have q
the u.s. senate i hope that the federal government responsible for continuing to issue permits for deep water drilling without demanding that the companies to receive those purposbe prepared to deal with the effects of an accident, an explosion, to be better prepared to stop the leak under water then obviously you are now because you have never had to do this before. and also to deal with the environmental consequences and to be prepared not only to stop the leak but to deal with the...
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May 5, 2010
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they don't commit drugs in the u.s. market. hey are paid by their providers with drugs and they started to impact the local market and to sell to local markets and to become involved and other illegal activities. we are committed to make the border say if for both countries. -- safe for both countries. we want to prevent them from damaging the mexican people. this is not as willing cooperation, for us this is a temporary import -- this is a very important issue. in our political transition, we have not looked on those issues until recently with the seriousness and commitment with which the government house and which has -- with which the government has. we have a will to establish the rule of law in the country. ñrthat will surely happen. we are involved in a very self- destructive process. there are many inner confrontations that explained the violence. -- explain the violence. this experience helps build a legal framework by which we are gaining in efficiency in order to prevent organized crime. ltd. -- be very clear about it
they don't commit drugs in the u.s. market. hey are paid by their providers with drugs and they started to impact the local market and to sell to local markets and to become involved and other illegal activities. we are committed to make the border say if for both countries. -- safe for both countries. we want to prevent them from damaging the mexican people. this is not as willing cooperation, for us this is a temporary import -- this is a very important issue. in our political transition, we...
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May 9, 2010
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the u.s. constitution. at means we must ask ourselves the very same questions placed before the founding fathers. are we tired of the oppressive hand of an oppressive national government? are we ready to restore power to the local governments? are we ready to get government's hand out of our pockets and off 70% of our land? that being the case, let's join hands with americans down through the ages and across the country who have proven time and time again that we could do hard things. will you join hands with me to fight for our future? that future begins today. together we will reject deficit spending. today together we will reform the tax code and restort the constitutional debate in congress and today we'll repeal government-run health care and when should we do that? yes! because tomorrow -- tomorrow begins today. right here, right now, at this convention. as we recognize that constitutionally limited government un-- unlocks unlimited human potential, we reclaim that future. the constitution is central t
the u.s. constitution. at means we must ask ourselves the very same questions placed before the founding fathers. are we tired of the oppressive hand of an oppressive national government? are we ready to restore power to the local governments? are we ready to get government's hand out of our pockets and off 70% of our land? that being the case, let's join hands with americans down through the ages and across the country who have proven time and time again that we could do hard things. will you...
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May 5, 2010
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historically since world war ii the u.s. has been a huge investor in europe and as europe restrains itself and cuts its spending and raises taxes and all of a sudden that slower economic growth expectation impacts. >> are. >>> the markets vastly overreacting to a greece or portugal threat? greece has a gdp the size of connecticut. if connecticut went bust on the state bonds i don't think the u.s. economy should topple nor do i think europe needs to topple because greece or portugal has a problem. >> they're extrapulating to all the euro area. >> 16 of the 27. >> so, if you were an investor, david and john, you know, and you're sitting at home and you're saying, why should i really, not why should i care, but what are the implications for my portfolio? john, you just put your finger on it. you may be investing in are relying on sales and earnings from that part of the world. >> exactly. always that volatility in the marketplace has created when you have expectations or results different from expectations. >> do you act on that
historically since world war ii the u.s. has been a huge investor in europe and as europe restrains itself and cuts its spending and raises taxes and all of a sudden that slower economic growth expectation impacts. >> are. >>> the markets vastly overreacting to a greece or portugal threat? greece has a gdp the size of connecticut. if connecticut went bust on the state bonds i don't think the u.s. economy should topple nor do i think europe needs to topple because greece or...
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the u.s. markets, even if it's relatively safe? >> well, it's hard to look at this action and not be a little bit afraid. but i do think, i mean, for us we looked -- there's a lot of u.s. companies that yes, have exposure elsewhere. but u.s. part of their business is doing well. we don't know how badly europe is really going to be affected yet. we bought hpq today, for example. high-quality name that's trading, you know, near the lows of valuation in terms of its multiple. and i don't think anything's dramatically different today that would make hp less valuable. >> some people will say that out there. we pulled together with the help of s&p a chart of companies with great exposure to europe, specifically the percent of sales coming from europe. this is 2008 data because it had to be crunched through with annual reports. but there you have schering-plough, of course bought by merck. the deal closed in 2001, which is why it's at the top of the list. but still, merck has that exposure now. flowse
the u.s. markets, even if it's relatively safe? >> well, it's hard to look at this action and not be a little bit afraid. but i do think, i mean, for us we looked -- there's a lot of u.s. companies that yes, have exposure elsewhere. but u.s. part of their business is doing well. we don't know how badly europe is really going to be affected yet. we bought hpq today, for example. high-quality name that's trading, you know, near the lows of valuation in terms of its multiple. and i don't...
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May 15, 2010
05/10
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and the u.s. government uses the drug war to pressure mexico into concessions on security and economic issues. right now my feelings is that's being used to pressure mexico on oil, on the privatization of the state oil company and particularly looking at deep sea drilling in the gulf of mexico. that's the economic point from the security point, the military, the u.s. military and the u.s. homeland security, or the u.s. security forces want more leverage to place troupes on the ground in latin america and mexico is a place to begin for them as well as columbia and peru, this access that they have developed in countries that are favorable to washington. having said that, juarez, i don't know how much people were killed there today. the average runs about one on hour. 2300 -- 2700 people were killed in juarez last year. that was in the year 1909. it's going to be much worse. you've had a lot of wholesale killings in that city. the battle is between a couple of cartels, the couple of cartels and the mi
and the u.s. government uses the drug war to pressure mexico into concessions on security and economic issues. right now my feelings is that's being used to pressure mexico on oil, on the privatization of the state oil company and particularly looking at deep sea drilling in the gulf of mexico. that's the economic point from the security point, the military, the u.s. military and the u.s. homeland security, or the u.s. security forces want more leverage to place troupes on the ground in latin...
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May 9, 2010
05/10
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WBAL
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so the u.s. will get some inflow. however, let's not forget what's happening in europe is deflationary for the world as a whole. and what's happening to europe is increasing risk aversions so equity markets in particular will come under some pressure. >> you said it's a clear example of what could happen. what do we need to do in the united states to ensure it doesn't happen? >> we need to get our act together. we need to recognize that fiscal adjustment is important and we need to be credible about adjusting over the next few years. the best way to do that is in a high growth world. so you have to take advantage of whatever growth we have right now to make sure that that is combined with a credible medium-term fiscal adjustment. >> so, in other words, slow down the spending and raise revenue so that we could put a dent in the deficit? >> that's right. hit the balance between growth and fiscal adjustment. if we don't get that balance right today, we're going to be forced into what economists call a corner solution, doi
so the u.s. will get some inflow. however, let's not forget what's happening in europe is deflationary for the world as a whole. and what's happening to europe is increasing risk aversions so equity markets in particular will come under some pressure. >> you said it's a clear example of what could happen. what do we need to do in the united states to ensure it doesn't happen? >> we need to get our act together. we need to recognize that fiscal adjustment is important and we need to...
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May 17, 2010
05/10
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and as the u.s. becomes slowly, possibly overshadowed by their economies, certain countries have to step forward and become stakeholders in the global order. and to me brazil and turkey doing that, maybe they got over their skis a little bit here. but i think all in all t is a good development. >> woodruff: and u.s. options going forward? >> you know, i think that the united states has to start really bearing down on how close iran's getting to the bomb. when the ieae comes out with its fix reports's got to denigrate the value of the swap deal and get on with the business of upholding the u.n. resolution. if it doesn't, it's going to lose a lot of influence, not only in the region but in the world. and the president has sworn to dedicate this administration to reducing nuclear threats. whether they get the bomb or not, he's got to bear down on this bad behavior much more than the swap deal will do. >> woodruff: ary's going to leave it there henrey sokolski, cliff kupchin, gentlemen, thank you both. >>
and as the u.s. becomes slowly, possibly overshadowed by their economies, certain countries have to step forward and become stakeholders in the global order. and to me brazil and turkey doing that, maybe they got over their skis a little bit here. but i think all in all t is a good development. >> woodruff: and u.s. options going forward? >> you know, i think that the united states has to start really bearing down on how close iran's getting to the bomb. when the ieae comes out with...
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May 3, 2010
05/10
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the u.s. administration and its recently released posture review has announced it will be there produce nuclear weapons nor will it attacked non-nuclear weapon states with nuclear weapons. the united states has never respected any of its commitments. one may ask how much nations could trust the united states to implement its commitment. what guarantees are there that it would live up to such commitments and what are the tools for independent verification of its guarantees? in previous decades, the united states has had most of its wars and conflicts with those who were once its friends. some members tons of the iaea who are committed members of the npt have been threatened to be the target of a pre-emptive strike. united states government has always tried to divert public attention from its non- compliance and on lawful actions by bringing into focus some misleading issue carried a of recently raised the issue of nuclear terrorism as part of their efforts to maintain and upgrade their nuclear a
the u.s. administration and its recently released posture review has announced it will be there produce nuclear weapons nor will it attacked non-nuclear weapon states with nuclear weapons. the united states has never respected any of its commitments. one may ask how much nations could trust the united states to implement its commitment. what guarantees are there that it would live up to such commitments and what are the tools for independent verification of its guarantees? in previous decades,...
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May 21, 2010
05/10
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WMPT
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big rigs and other work trucks in the u.s. will have to start meeting gas mileage and emissions standards. president obama signed a directive today, ordering federal agencies to develop the standards. they'd be phased in over four years, starting in 2014. cars and light trucks are already under a mandate to increase gas mileage nearly ten miles a gallon by 2016. those are some of the day's major stories. now, back to judy. >> woodruff: an audacious heist at a paris museum. jeffrey brown has the story of one of the most costly art thefts in modern history. >> brown: the paris museum of modern art remained closed today, and the city's top culture official, christophe girard, appealed for the return of five stolen paintings, valued at more than $110 million. >> ( translated ): my only worry today, to be completely honest, is the safety of these paintings. i beg these people who have taken them not to do anything to these paintings, and especially to leave them somewhere we can recover them. these are masterpieces that belong to mi
big rigs and other work trucks in the u.s. will have to start meeting gas mileage and emissions standards. president obama signed a directive today, ordering federal agencies to develop the standards. they'd be phased in over four years, starting in 2014. cars and light trucks are already under a mandate to increase gas mileage nearly ten miles a gallon by 2016. those are some of the day's major stories. now, back to judy. >> woodruff: an audacious heist at a paris museum. jeffrey brown...
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May 15, 2010
05/10
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[applause] >> the u.s. ber of commerce has occupied one of the most enviable physical locations in washington. at 1615 h st. nw, the chamber's headquarters stands directly across lafayette park from the white house. no president can look out his front window without it commanding his attention. the relationship of these neighbors may be described as < harmonious since the current occupant -- less than harmonious since the current occupant moved in. they have found common ground to promote growth. two weeks before he delivered his state of the union address, our speaker delivered his address on the state of business. both called for the doubling of u.s. exports. able to target. factoring out inflation, the last time american exports expanded that quickly was will war ii. no one has ever accused our guest of lacking vision. thomas donahue to over in september 1970 after 13 years as head of the american trucking associations. the chamber was suffering from defections in the aftermath of partial support of the c
[applause] >> the u.s. ber of commerce has occupied one of the most enviable physical locations in washington. at 1615 h st. nw, the chamber's headquarters stands directly across lafayette park from the white house. no president can look out his front window without it commanding his attention. the relationship of these neighbors may be described as < harmonious since the current occupant -- less than harmonious since the current occupant moved in. they have found common ground to...
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May 22, 2010
05/10
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WBAL
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as investigators from india and the u.s. begin the search for answers at the airport in mangalore, the focus is also on the flight's miracle survivors, who, tonight, are telling their stories. from london, nbc's kyra simmons has the latest. >> reporter: the boeing 737 overshot the runway, plunging into a valley, bursting into flames. the tail one of the few parts of the aircraft still recognizable. firefighters and villagers went over difficult terrain to reach the wreckage. many died still strapped to their seats. a local reporter told nbc news -- >> one family lost 16 members, one single family losing 16 people on that flight and among the dead, at least 20 children according to one of the eyewitnesses. >> reporter: amid the tragedy, a moment of hope. a child carried from the plane, covered in foam to douse the flames, put into the arms of medics and taken to a hospital. the burns were so severe, it is not known if the child is among those who survived. surviveers like this little girl and others with frightening stories. t
as investigators from india and the u.s. begin the search for answers at the airport in mangalore, the focus is also on the flight's miracle survivors, who, tonight, are telling their stories. from london, nbc's kyra simmons has the latest. >> reporter: the boeing 737 overshot the runway, plunging into a valley, bursting into flames. the tail one of the few parts of the aircraft still recognizable. firefighters and villagers went over difficult terrain to reach the wreckage. many died...
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May 4, 2010
05/10
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CNBC
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greece is really not that big of a deal. >> not for the u.s. stock market. i think it is a big deal for europe and i am nervous about contagi contagion. >> increasingly people are saying that europe is stuck in the mud. >> but what's really weird is you've now got a package that is going to come that covers their financing needs for over two years. >> yeah. >> and yet the short-end yields in greece are still elevated. i like buying the short end there. maybe sell in the long end. >> rick, what about you? he's buying the short end. are there opportunities here? how do you allocate money in an environment where you do believe you've got more room on the downside. >> first all, if you look at u.s. stocks relative to european stocks, the benchmark indices are all up in the u.s., they're down in europe. so you certainly having a weaker europe than the u.s. if you look at something like china, china peaked out. if you see the fxi the etf that tracks china that peaked in november of last year peem which tracks emerging markets peak said down january this year pfxi i
greece is really not that big of a deal. >> not for the u.s. stock market. i think it is a big deal for europe and i am nervous about contagi contagion. >> increasingly people are saying that europe is stuck in the mud. >> but what's really weird is you've now got a package that is going to come that covers their financing needs for over two years. >> yeah. >> and yet the short-end yields in greece are still elevated. i like buying the short end there. maybe sell...
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May 4, 2010
05/10
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CNBC
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we'll dig into the u.s. economy. the dollar going to remain strong and will we ever hear from the federal reserve and will they keep handing out free mother? i'm cuddly. we'll be right back. >> i believe free market capitalism is the best path to prosperity. >>> breaking news. an arrest was made late last night in conjunction with the failed times square terror attack. jonathan dietz joins us with the details. >> reporter: the latest information is that the suspect according to the fbi has admitted his role in placing that vehicle in times square to set off the explosion and not only that, he admits traveling to pakistan for bomb training. so now the question is who else may have helped him set off this bombing plot if anybody else was involved. investigator s we've spoken wit said there does not appear to be anybody at this early stage inside the u.s. who is connected to this case. that part of the investigation continues. but it's the overseas connections that are now getting a real hard look inside pakistan to see
we'll dig into the u.s. economy. the dollar going to remain strong and will we ever hear from the federal reserve and will they keep handing out free mother? i'm cuddly. we'll be right back. >> i believe free market capitalism is the best path to prosperity. >>> breaking news. an arrest was made late last night in conjunction with the failed times square terror attack. jonathan dietz joins us with the details. >> reporter: the latest information is that the suspect...
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May 20, 2010
05/10
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the u.s. give the school system bailout, i think they should. we have people going into the education system and that will build a core foundation for the future. people will be able to learn. here are giving them a well- rounded education. i truly believe the government should look at the possibility of using a bailout to the school system. host: looking at some other examples in the "the new york times" shtick from michigan state, university. jumping next door -- teach for america. it has seen application increase by nearly a third this year to 46,000, for 4500 slots. alabama, our next caller -- actually, let's go to florida, james, republican line. good morning. welcome to the program. caller: unless the schools reconstruct themselves and go to the european model where every student is not able to learn calculus, they are not able to learn algebra. they should train them -- take a vocational course. and those students can be identified at an early age. we spend the way to much money on educa
the u.s. give the school system bailout, i think they should. we have people going into the education system and that will build a core foundation for the future. people will be able to learn. here are giving them a well- rounded education. i truly believe the government should look at the possibility of using a bailout to the school system. host: looking at some other examples in the "the new york times" shtick from michigan state, university. jumping next door -- teach for america....
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May 6, 2010
05/10
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thank you. >> brown: the u.s. stock market went into free-fall for a time today on one of its wildest days ever. the dow jones industrial average was down nearly 1,000 points before pulling back. it finished with a loss of more than 349 points to close at 10,520. the nasdaq fell more than 82 points to close at 2,319. some of the shock waves hitting the market rippled outward from the streets of athens, greece. it was the second day of street violence in athens aimed at drastic spending cuts and tax hikes. some 5,000 protesters confronted riot police outside the greek parliament. the crowd threw stones, and the police fired tear gas to disperse them. no major injuries were reported, in contrast to wednesday's violence that saw a bank firebombed and three people killed. today's demonstrations had begun hours earlier, as greek lawmakers gathered to consider the austerity measures in a bid to secure an international bailout. the plan will slash pensions and civil servants' pay. >> ( translated ): we must protest and co
thank you. >> brown: the u.s. stock market went into free-fall for a time today on one of its wildest days ever. the dow jones industrial average was down nearly 1,000 points before pulling back. it finished with a loss of more than 349 points to close at 10,520. the nasdaq fell more than 82 points to close at 2,319. some of the shock waves hitting the market rippled outward from the streets of athens, greece. it was the second day of street violence in athens aimed at drastic spending...
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May 15, 2010
05/10
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FOXNEWS
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military, the growing population forcing the u.s. veteran affairs to develop programs, outreach and clinics unique to women. a population we understand that has special needs. listen. >> women in our culture still have the primary role for care-giving. with the small children. so when women go in the military service; particularly, if they're deployed overseas, they are separated from their families. this can be an issue for women when they return. >> reporter: other trends experts are seeing among female vets, they're pretty disturbing. more are homeless than men, 11% compared to 7%. three times more likely to get into a divorce. and newer data suggesting that well are more frequently diagnosed with post-traumatic stress disorder or ptsd than the male colleagues. >> i was an avionic mechanic and i troubleshoot radio and communication equipment. i have to be better than my counterparts so they could take me serious. >> reporter: now, of course, officials say women are not the only ones receiving unique care. the v.a. system is set up
military, the growing population forcing the u.s. veteran affairs to develop programs, outreach and clinics unique to women. a population we understand that has special needs. listen. >> women in our culture still have the primary role for care-giving. with the small children. so when women go in the military service; particularly, if they're deployed overseas, they are separated from their families. this can be an issue for women when they return. >> reporter: other trends experts...
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May 4, 2010
05/10
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rules of the u.s. house of representatives, i have the honor top transmit a sealed envelope received from the white house on monday, may 3, 2010 at 3:23 p.m. and said to contain a message to the president whereby he submits a copy of a notice continuing the until emergency with respect to the syrian government, signed sincerely, lorraine c. miller, clerk of the house. the speaker pro tempore: the clerk will read the message. the clerk: to the congress of the united states section 202-d of the national emergency act, provides for the automatic termination of a national emergency unless prior to the anniversary date of its declaration, the president publishes in the federal register and transmits to the congress stating that the emergency is to continue in effect beyond the anniversary date. and in accordance with the provision i have sent to the federal register the enclosed notice stating that the national emergency with respect to the actions of the government of syria declared in executive order 11333
rules of the u.s. house of representatives, i have the honor top transmit a sealed envelope received from the white house on monday, may 3, 2010 at 3:23 p.m. and said to contain a message to the president whereby he submits a copy of a notice continuing the until emergency with respect to the syrian government, signed sincerely, lorraine c. miller, clerk of the house. the speaker pro tempore: the clerk will read the message. the clerk: to the congress of the united states section 202-d of the...
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May 11, 2010
05/10
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CSPAN2
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the u.s. and china what are the biggest - big ticket items that we're really concerned about? are there a couple of things that we should all be really focused on over a ten-year perspective. i divide chinese mitigat opportunity opportunities comes from reducing the amount emissions through lower energy demand. that's both in terms of technical efficiency ande importantly through the stcture of the economy. the rapid growth and emissions that we have seen in china in the past decade was not the result of less efficient chinese production and it wasn't the result of faster growth than the decade preceding. it was chang in the sucture in chinese economy from will have a massive carbon dividend. much greater than any tech anylogical initiative or pricing policy. so that i think's the most important in the near term in the long term it's about changing theources of energy. in 20 years. is gng be getng the regulatory frame work in place. if we toent -- we have an portunity right now whereur buness a
the u.s. and china what are the biggest - big ticket items that we're really concerned about? are there a couple of things that we should all be really focused on over a ten-year perspective. i divide chinese mitigat opportunity opportunities comes from reducing the amount emissions through lower energy demand. that's both in terms of technical efficiency ande importantly through the stcture of the economy. the rapid growth and emissions that we have seen in china in the past decade was not the...
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May 12, 2010
05/10
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WETA
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so, is the strain between the u.s. and afghanistan really a thing of the past? we get two points of view: from zalmay khalilzad, who was u.s. ambassador to afghanistan and iraq during the bush administration. he's now a counselor at the center for strategic and international studies. and from alexander thier, the director for afghanistan and pakistan at the united states institute of peace, a nonpartisan group that promotes conflict resolution. he worked for the u.n. in afghanistan during the 1990s, and from 2002 to 2004. ambassador khalilzad, when the president said that this widely documented tension with afghanistan had been overstated, was he right? >> well, i think the president recognizes that things have gone a little too far between afghanistan, president karzai and the united states, in recent months. i think president karzai also recognized that, and i think they have both agreed to turn a new page, to work together to make progress, but i think today was a start in order to reestablish the kind of partnership that existed at times in the past between t
so, is the strain between the u.s. and afghanistan really a thing of the past? we get two points of view: from zalmay khalilzad, who was u.s. ambassador to afghanistan and iraq during the bush administration. he's now a counselor at the center for strategic and international studies. and from alexander thier, the director for afghanistan and pakistan at the united states institute of peace, a nonpartisan group that promotes conflict resolution. he worked for the u.n. in afghanistan during the...
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May 21, 2010
05/10
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WJLA
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the u.s. the u.s. has already hit a correction with the three major stock markets losing at least 10% since april. >>> terrorists are looking for the next place to strike inside the u.s. we are getting that word at the same time as a major shake-up in u.s. intelligence. mike conneen tells us why some in the sea could be on the target list. >> terrorists with the pakistani taliban are plotting their next attacks on american targets. >> suicide attacks involving mass transit and highly trafficked tourist areas not just in washington but in new york and in boston as well. >> u.s. intelligence officials say they are gathering leads from several sources, including the times square bombing suspect, faisal shahzad, and now only a security experts warned that pakistan is the new hub of the terrorist threat. >> attacks originating here, and we must not rule out the possibility of attacks coming from abroad. >> earlier this week, secia director leon panetta discuss the threat with pakistan's government.
the u.s. the u.s. has already hit a correction with the three major stock markets losing at least 10% since april. >>> terrorists are looking for the next place to strike inside the u.s. we are getting that word at the same time as a major shake-up in u.s. intelligence. mike conneen tells us why some in the sea could be on the target list. >> terrorists with the pakistani taliban are plotting their next attacks on american targets. >> suicide attacks involving mass transit...
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May 8, 2010
05/10
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and that is where the u.s. can come in. in my opinion, my personal opinion, i do not think the aid or help of the u.s. in fighting this should be equipping of the army a lot more so that they can bomb and shoot more. i think all this high-tech intelligence, these ballistic machines, and so on and so forth, that we do not have in mexico, all of the laboratories that are ideas for crime prevention and prosecution of criminals, to stay better cases so that they stay in jail -- all of this is where the u.s. can very easily come in. and not very easily, but should hopefully come in. that is the way i see it. that would be my answer. my answer would be, i am not sure that the answer is strengthened the army. my guess would be -- strengthen the army. my answer would be helped us strength and the police so that we can better fight organized crime. -- help us strengthen the police saw in better fight organized crime and gangs -- so that we can better fight organized g crime andan -- crime and gangs. >> can you give us your perspectiv
and that is where the u.s. can come in. in my opinion, my personal opinion, i do not think the aid or help of the u.s. in fighting this should be equipping of the army a lot more so that they can bomb and shoot more. i think all this high-tech intelligence, these ballistic machines, and so on and so forth, that we do not have in mexico, all of the laboratories that are ideas for crime prevention and prosecution of criminals, to stay better cases so that they stay in jail -- all of this is where...
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May 9, 2010
05/10
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CSPAN2
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the u.s. are vulnerable to debilitating cyberattacks by china and north korea. the spy museum in washington d.c. host this hour-long event. >> you are here to see a book signing by richard clarke, and i must say, as i think many of us no, burchard although he was in the government for some 30 years, i think came to most of our attention in 2004. when he appeared on both 60 minutes, his book against all enemies came out in that period and he also touched upon before the 9/11 commission. that was against all enemies. later he wrote a book that greatly impressed me. that was your government failed you. and they think for a gentleman who has served for 30 years, served in the top ranks of government, served presidents, president reagan and served in the white house the president reagan, george bush 41 and george bush 43, as well as president clinton, dealing with matters of cybersecurity, terrorism and our infrastructure in regards to national security issues. having stood in those positions i thou
the u.s. are vulnerable to debilitating cyberattacks by china and north korea. the spy museum in washington d.c. host this hour-long event. >> you are here to see a book signing by richard clarke, and i must say, as i think many of us no, burchard although he was in the government for some 30 years, i think came to most of our attention in 2004. when he appeared on both 60 minutes, his book against all enemies came out in that period and he also touched upon before the 9/11 commission....
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May 20, 2010
05/10
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CSPAN
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the u.s. side of the lake were approached by a boat containing five armed men. it's still unclear what else happened because this just happened two days ago. falcon lake is approximately 60 miles long, it's a reservoir on the rio grande river fronting star and zapata counties in texas and it is shared between the united states and mexico. it is formed by a dam in 1953 to conserve water for agriculture and control downstream flooding. mr. speaker, piracy is a centuries' old problem that many nations have had to deal with. in the 1800's thomas jefferson sent the united states navy to the mediterranean sea were pirates roamed at will and robbed american ships. that president fought piracy on the high seas. but the difference now is, our administration would rather criticize people and states like arizona that demand more border security rather than do anything about illegal border crossers inuding the pirates on falcon lake. meanwhile, today president calderon of mexico arrogantly lectured us in a
the u.s. side of the lake were approached by a boat containing five armed men. it's still unclear what else happened because this just happened two days ago. falcon lake is approximately 60 miles long, it's a reservoir on the rio grande river fronting star and zapata counties in texas and it is shared between the united states and mexico. it is formed by a dam in 1953 to conserve water for agriculture and control downstream flooding. mr. speaker, piracy is a centuries' old problem that many...
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May 24, 2010
05/10
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the u.s. senate returns tomorrow at 2:00 p.m. eastern. they will begin work on a 2010 spending bill, funding operations in iraq and afghanistan, providing $34 million to fund additional troops in afghanistan as well as $913 million to help haiti recover from january's earthquake. the chamber also takes up other motions. the votes are expected in the evening on monday. and the house also returns tomorrow at 12:30 eastern four speeches. legislative work gets under way. on the agenda, a bill to reauthorize defense programs for 2011 and a measure to extend tax credits for businesses. see the house live on c-span. >> c-span. our public affairs content is available on television, radio, and online, and you can also connect with us on twitter and facebook. sign up for emails at c- span.org. >> and now, a house hearing on developments in afghanistan. major-general arnold fields. russ carnahan is chair. this is about one hour 45 minutes. >> human-rights an oversight. we want to get started. we want to j
the u.s. senate returns tomorrow at 2:00 p.m. eastern. they will begin work on a 2010 spending bill, funding operations in iraq and afghanistan, providing $34 million to fund additional troops in afghanistan as well as $913 million to help haiti recover from january's earthquake. the chamber also takes up other motions. the votes are expected in the evening on monday. and the house also returns tomorrow at 12:30 eastern four speeches. legislative work gets under way. on the agenda, a bill to...
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May 5, 2010
05/10
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CNBC
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we're hours away from the u.s. open and whether or not it's going to be a rough trading session here may hinge on that adp report that comes out at 8:15 in the morning and the consensus is that we gained 20,000 jobs last month. but for right now, at 4:30 in the morning, dow futures are down about 10 below fair value. this, of course, ross, after we saw this major sell-off yesterday. i think it was the worst fall since february of 225 points on the dow. >> yeah. and joining us now, neal mckinnon, still with us, kirby daley. the greek government has promised comprehensive consolidation. the situation should never be repeated. he talked about financial default would be stability for the system. very strange that he should use those phrases. isn't it? along with the imf and the finish finance minister, third policy mistaker coming to talk about contagion effects. >> it's not a surprise given that national parliament has yet to agree with the eu fiscal package. and i think german parliament heirans will in the nd, i thin
we're hours away from the u.s. open and whether or not it's going to be a rough trading session here may hinge on that adp report that comes out at 8:15 in the morning and the consensus is that we gained 20,000 jobs last month. but for right now, at 4:30 in the morning, dow futures are down about 10 below fair value. this, of course, ross, after we saw this major sell-off yesterday. i think it was the worst fall since february of 225 points on the dow. >> yeah. and joining us now, neal...