it's the trickle-down effect. it's sad. >> warneroday the national oceanic and atmospheric administration warned that shifting winds will spread the oil eastward toward mississippi, alabama, and florida. moreover, the atlantic hurricane season begins tomorrow. week after week, as the oil spews out of the earth, and plans for stopping it keep coming up short, more than 80% of americans have been telling the pew research center that they're following events in the gulf closely. we get three perspectives now on what's behind the extraordinary public response to the spill. bill nye is an author, and science educator. trained as a mechanical engineer, he's the former host of the pbs program, "bill nye, the science guy." amy jaffe is a senior energy advisor at the james baker institute at rice university. and paul saffo is a writer and technology forecaster in silicon valley. he's also a visiting scholar at stanford university. welcome to you all. paul, beginning with you. the public's fascination with this story, what is driving it? is th

that is the view of nick clegg and the department prime minister. >> warner: what about afghanistan? the liberal democrats opposed that war, too. in fact, the majority of liberal democrats do. will there be anything different-- would you like to see anything different in approach in afghanistan compared to what the obama and brown administrations were pursuing? >> well, we will work closely with the obama administration. we will take stock, but that's not about whether to support the strategy of nato and agree to the-- it's how to support it. of course a new government wants to look at the role of british forces over the coming years. but we will be there. we want this to succeed. it is vital for our national security and america's national security for operations in afghanistan to succeed. >> warner: do you think the obama administration strategy is the right course? >> yes. we want to give it the time and support to succeed. but,,, at every stage, as the situation develops, we want to be there helping to shape the decisions and be-- and form a close political partnership with the ob

the trend constitutes a violation of obligations under the nuclear proliferation treaty or npt . >> warnerom britain, france, and the united states walked out of the hall as he spoke. but that didn't deter ahmadinejad from also taking aim at the u.s. for retaining the right to use nuclear weapons. >> it is a misperception that it is okay to use nuclear weapons. regrettably the united states has not only used nuclear weapons but also continues to threaten to use such weapons against other countries including my country. >> warner: in a new nuclear strategy unveiled last month, the obama administration pledged for the first time that the u.s. would never use nuclear weapons against a non-nuclear state. if and only if that state was abiding by its obligations under the npt not to develop nuclear arms of its own. specter found ahmadinejad's remarks entirely predictable. >> iran's strategy is to deflect attention away from iran. this speech by ahmadinejad was strictly about disarmament and had nothing to do with compliance with the treaty or his own behavior. >> warner: he's talking about the n

the administration has not come back with an answer. perhaps they are busy. i'm okay. >> warner: lets take the security situation. 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 com

margaret warner. on the newshour tonight, signs of an economic recovery were tempered by continuing market uncertainty in europe and here. we'll assess the economy and look at the markets' volatility. >> brown: then, simon marks reports on the dramatic outcome of the british general election, where no political party emerged with a clear mandate to govern. >> a big, open and comprehensive offer to the liberal democrats. i want us to work together in tackling our country's big and urgent problems. >> warner: coalition negotiations are underway. we'll get three views on the horse-trading that lies ahead. >> brown: and we close with the weekly analysis of mark shields and david brooks. that's all ahead on tonight's newshour. major funding for the pbs newshour has been provided by: and with the ongoing support of these institutions and foundations. and... this program was made possible by the corporation for public broadcasting. and by contributions to your pbs station from viewers like you. thank you. >> brown:

the gang got protection. >> warner: and what did the government get from the gang? >> well, the government was getting political control over a very important neighborhood. a lot of people, a lot of votes there. cooperation. and--. >> warner: and money? >> and money. >> warner: jamaican officials have vowed publicly to keep up the pressure until they cash their man but within a power strukt that you are has long protected him, dudus coke is clearly a man with resources to draw on. >> lehrer: and late at a, jamaica's information minister said it was unclear whether coke was even still dm the country. right now. >> woodruff: now big changes in privacy controls on facebook. newshour correspondent spencer michaels begins with this report from palo alto, california , where the social media giant made its announcement this afternoon. >> reporter: when people sign up for facebook, it's usually to connect with old and new friends via the computer. high school buddys, former workmates, long-lost relatives and recent acquaintances. but facebook is far more than a digital phon

the "obama oil spill." and wrong. >> lehrer: and we have to taked on mexico. margaret warner reports on today's white house visit by mexican president calderon where immigration was on the agenda. >> and a reporter for the internet newssite global post tells the story of paramedics on the firing lines on the drug wars of juarez. >> lehreh: that's all ahead on tonight's requested newshour." major funding for the pbs newshour has been provided by: >> what the world needs now is energy. the energy to get the economy humming again. the energy to tackle challenges like climate change. what if that energy came from an energy company? everyday, chevron invests $62 million in people, in ideas-- seeking, teaching, building. fueling growth around the world to move us all ahead. this is the power of human energy. chevron. >> and by the bill and melinda gates foundation. dedicated to the idea that all people deserve the chance to live a healthy productive life. and with the ongoing support of these institutions and foundations. and... this program was made possible by the corporation for

the new play church girl is at the warner theater. congratulations on your latest grammy that you won this year. >> thank you. >> and does that make five or four. >> four. >> and the latest is -- this is your new one all in one. >> that's my greater. i'm going to get a grammy. >> and what are you doing now? >> i'm doing prayed up, on the cd. >> thank you for being here. [ music ] [ singing ]

lehrer: then, jeffrey bro gets the latest on the daring art robbery at the paris museum of modern art. >> woodruff: margaret warner interviews the man who ran against afghan president karzai and lost. >> obscurity is in the mind-- security is 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. >> lehrer: plus, we have a global post report on protests over the u.s. marine base in okinawa, japan. >> the future of u.s. forces in okinawa is such a a contentious issue that it could unseat the recently elected prime minister. >> woodruff: and the analysis of mark shields and david brooks. >> lehrer: that's all ahead on tonight's newshour. major funding for the pbs newshour has been provided by: and with the ongoing support of these institutions and foundations. and... this program was made possible by the corporation for public broadcasting. and by contributions to your pbs station from viewers like you. thank you. >> woodruff: sweeping reform of the nation's financial regulatory system moved to the fast track today. democrat

the speech. should she be considered a coauthor of this? >> warner: she was one of many coauthors, i think they took the obama strategy and then they collectively filled out all their sections. what we are seeing is that they're rolling this out... president obama gave the overall themes at west point, john brennan, the counterterrorism advisor at the white house gave a speech at a washington think tank yesterday laying out the terrorism policy. she did the diplomacy and development and then jim jones, the national security council director is going to lay out the strategy again tomorrow. so each is taking a piece and trying to develop it. >> lehrer: okay, margaret, thank you. >> warner: thanks, jim. >> brown: while the obama administration was releasing its new foreign policy strategy, our pbs colleague charlie rose was getting another perspective from syria's president, bashir al- assad. here's a short excerpt, where they discussed syria's ties to iran. >> there are those in america that would like to believe america can do something that will put

the first quarter. what has long been a laggard in time warner's portfolio, its namesake "time magazine", even saw more ad sales. but the stock dropped about 2%. it's cable news networks continue to see weaker ratings and a drop in ad revenues. another media company, dolan media, saw a big 10% rally. dolan concentrates on business information and services. strong earnings helped push the stock up on heavy volume. and g.p.s. device maker garmin lost its way in the first quarter. the company calls its results mixed, investors just plain didn't like them. profits missed expectations with revenues showing a surprise drop. competition from g.p.s. enabled smartphones has been coming on strong. shares had a clear direction today: down. the stock dropped to six-week lows on five times normal volume. and that's tonight's "market focus." >> susie: making beer is a brewing technique that dates back to the 6th century b.c. but for beer maker molson-coors, it's the future, not the past that counts. and the company's c.e.o. peter swinburn sees its future on the internet. new york bureau chief scott gurvey talked with

. >> brown: plus, we examine the potential damage to marine wildlife. >> woodruff: margaret warner gets an update from athens on today's deadly riots sparked by greece's debt crisis. >> brown: and simon marks previews the photo-finish in tomorrow's general election in britain. >> i really, really hope so. and i think the thing is lots of people do. i think we really, really need a change. >> woodruff: that's all ahead on tonight's newshour. major funding for the pbs newshour has been provided by: today-- how did faisal shahzad come so close to leaving the country monday night? by then, authorities had connected the pakistani-american to the crude car bomb that failed to explode in times square in new york city on saturday, and they'd tracked down his address in bridgeport, connecticut. evan perez is covering the story for "the wall street journal. he says shahzad was able to slip away despite heavy surveillance. >> he had a black isuzu that he drove to the airport, and it's unclear whether he left out a back entrance, whether he had the car parked down the street, whether maybe they jus

. >> brown: plus, we examine the potential damage to marine wildlife. >> woodruff: margaret warner gets an update from athens on today's deadly riots sparked by greece's debt crisis. >> brown: and simon marks previews the photo-finish in tomorrow's general election in britain. >> i really, really hope so. and i think the thing is lots of people do. i think we really, really need a change. >> woodruff: that's all ahead on tonight's newshour. major funding for the pbs newshour has been provided by: and with the ongoing support of these institutions and foundations. and... this program was made possible by the corporation for public broadcasting. and by contributions to your pbs station from viewers like you. thank you. %x- he associated press says it shows him walking away from the scene of the attempted attack. and federal authorities pursued answers in the investigation, even as questions abounded about the pursuit and capture of the alleged bomber. one key question being asked today-- how did faisal shahzad come so close to leaving the country monday night? by then, authorities had con

at the hype of the company's success after the merge of the time, warner, 5,000 people worked at the dulles location. now, more than 2,000 of them are left, and we talked to one former employee who recalls the ups and downs. >> the lows of, you know, is there going to be another paycheck to the stock markets zooming and flying. the support base, you have to get them that huge advantage. they have done a lot over the last ten years. >> reporter: aol's cofounder and they also reflected on the last 25 years of the company today. and the currency ceo said that the company is looking ahead to the leverages of the strengths and the scales in the quality contest. >>> playing those games may be the future of treating pain. new research today out of the university today, they find that using virtual realities of other computers or the video game technology could be an effective way to treat acute and chronic pains. scientists use the video game as a distraction and they found that it reduced that anxiety and the pain in some medical procedures. and delaware sisters testing the waters for a ta

small businesses, community banks, and so i think while there is wide agreement on the goals, you know, as senator warner spoke, there's a lot of disagreement on exactly how to get there and how to strike the right balance. >> like houmt amendments can be offered is going to be critical to the process? >> absolutely. and we don't know the answer to that question. and the more amounts offered and the less structure for debate, the more difficult it could be to see how this is all going to come together. and i think one of the things

but small businesses, community banks and so i think while there is wide agreement on the goals, you know, senator warner spoke, there is a lot of disagreement as to how to get there and strike the right balance. >> how many amendments can be offered. is that going to be critical to the process? >> absolutely. we don't know the answer to that question. the more amendments that are offered and less structure for the debate, the more difficult it could be to see how this is going to come together. one of the things that has been confusing, we have been up here covering the back and forth. one day they are at each other's throats, you are going to ruin the economy and next day, we can live with this or that. hard to understand where they're going. next week, it will take shape as far as how the debate is going to play out. a lot of amendments from both sides and will dramatically change banking or wall street or finance and depending on which side you take for better or worse. there is going to be hard votes for lawmakers to take. senator warner is in an interesting position because he thinks if everyone wo

the american security project, bernard finel. that's live at 7:00 a.m. eastern here on c-span. today on "news makers," senator mark warner on the financial regulations bill and his hope for bipartisan support. that's at 10:00 a.m. and 6:00 p.m. eastern here on c-span. >> what i think is veelingts now is that the american agree to talk to the taliban leadership. >> in 000, ahmed rashid wrote about the taliban and the rise of osama bin laden. now with the 10th anniversary edition of his book, he looks at what's next on "q&a," tonight on c-span. >> now a look at red carpet arrivals of several celebrities and political figures who attended the white house correspondents determine last night. shortly after the arrival, a look at last night's dinner with featured speakers president obama and nbc's tonight show host jay leno. the white house correspondents association determine took place in washington, d.c., with almost 3,000 journalists, politicians, and celebrities attending the event. this is about 55 minutes. >> there's just three special women in this audience whose love and support i feel every single day. and i'd like t

but the arithmetic is crucial because that will determine who's prime minister and what kind of deals get made. >> warner: this is also complicated by an anomaly because there will be a disparity between the percentage of the total popular vote that actual party gets. explain if you can simply to american audience why that is? >> i mean, for lots of reasons, but the main one is the way the districts... the borders of these electoral districts are drawn is not perfectly equal. so therefore, for instance, some labor seat s will be let's say 80,000 or 90,000 voters in each constituency. some of the tory seats will be 30,000 or 40,000 so you can't extrapolate from the popular vote to how many seats. be new calculating this exit poll, i think they've made some of that calculation. the real question mark is because it is so close whether the tories in these 150 seats, these marginal seats, i'm talking about, will do better than the national average, for which case the exit poll will change or whether they'll do a little worse. and it really depends on who you talk to. the tories are quite upbeat, the conservat

and i yield the floor. mr. warner: mr. president? he presiding officer: the senator from virginia is recognized. mr. warner: mr. president, first of all, let me thank my colleagues for being here this morning. i'm pleased to join this effort. i want to thank my colleague from missouri, who has been a relentless voice on opening up and bringing a little sunshine not only on this issue, but on a lot of things that go on here that maybe make some of our colleagues a little uncomfortable, but she is constantly being that voice and pushing and prodding and trying to make sure that we improve the processes here. also i want to thank my colleague, the senator from oklahoma, who i think the senator from missouri said is, may not always agree with, but there's very few folks in this body that are more straightforward and honest about what they believe in and are more consistent. my colleague from oklahoma from us some of us, but he is absolutely consistent in what he believes and holds our feet to the fire again. and i commend him for bringing

warner: mr. president? the presiding officer: the senator from virginia. mr. warner: mr. president, i want to commend the chairman of the small business committee, my colleague and friend, senator landrieu and senator isakson for this amendment. i'm proud to be part of it. i think, as those of us on the committee, when we were drafting the legislation, we wanted to make sure that the mortgage securitization process, the originators of mortgages had skin in the game. and i think as we went through this process and working particularly with the expertise of the senator from georgia, we realize while skin in the game is important, it is more of the underlying quality of the mortgage. and if we've got mortgages that have that 20% down with a high fico score, the same level of skin in the game is not required. i think this amendment stays true to the intent of the banking committee bill. i'm glad the chairman of the banking committee is supportive of it. i think this is an amendment that refines and improves the legislation. i'm proud to be a cosponsor of it and grateful for th

the call is beginning at 10:30, so we'll have news from time warner, perhaps, after the conference callbegins. you know, one question, how much of the ad growth that they saw was currency driven. don't forget the moves in the dollar, yes, lately, but you're talking about a basket weighted currencies against the dollar and what that ultimately may have done. we'll get answers there on time warner. as for news, you heard mike huckman talking about a downgrade. the numbers looked great last night from news corp, but then they guided down 100 million in ebitda. that surprised people and that's why the stock is also a bit weak this morning. finally, let me end on the bigger story. spain. just want to note, the ten-year in spain is now at the biggest spread it's ever been since the euro was created to the german bund ten-year. the premium between spain's ten-year and germany's ten-year never has been larger. with that, i'll send it back to mark haines. >> all right. thank you very much, david faber. a quick check on the markets. actually, not quite as bad as we feared, given -- well, actually

the presiding officer: without objection. mr. warner: mr. president, i wasn't planning on speaking today, but i have had the opportunity to preside for the last couple of hours, and i heard my friend and colleague, the senator from arizona, earlier today make some comments about the finance reform bill, and i wanted to address them. before that, i want to commend the presiding officer for his comments this afternoon, comments that i may not fully agree with. i think he makes a very persuasive and i think interesting case about how we get this right and whether the challenge clearly that we have to make sure as we set our goal is setting rules and regulations that will stand the test of time. we have got to make sure that we end the notion of too big to fail. i know my presiding officer's approach is to look at size. i think the committee's approach, the chairman's approach which i share has been more to look at interconnectedness to give the regulators that ability to unwind organizations. if they can't prove that they have a rational way t

than than red tape. >> that was a new media company that merged with a zero well. >> and the new merged with time warner. and-that the sports team. what else is there? >> i started to make movies. karr realize that movie making helped exorcise the creative part of my personality but also a way of giving back. i coined the term, filmanthropy. may those that will be critically acclaimed and do well enough -- and theaters and get picked up by hbo, but use the medium to ignite a change, a perception, or activate voluntarism or activate charitable giving. i of made three movies. they have all run high on a double bottom line. 11 and in the award last year. -- 1one won an award last year. you get people to volunteer and write checks for the charities that they focus on. >> the first movie you did, a documentary called "nanking." where did you get the idea? >> i read an obituary in the new york times. it was a wonderful story about who had written a book about a forgotten holocaust. i had never seen those two words strung together, forgotten holocaust. and her picture was so warm and inviting, and this article

the presiding officer: the senator from virginia is is recognized. mr. warner: let me follow on my colleague's comment. he is my colleague and friend and my partner for the last year. i think we've both, as former business guys, said this is not an issue that should be partisan. we need to check our d & r hats at the door and find a way to figure out some new financial rules so we never have to face what we faced in 2008. i think some of the original approaches that we had might have been titled. i know we talk add little bit off the floor about the notion that actually some of the borrowing authority that now exists might be larger than what we initially had proposed. but at the end of the day what is important is that one, taxpayers are protected, and that's what the shelby-dodd approach has. it has no recouping from the financial industry. and, two, to make sure there's montana to be able to wind these firms down in an orderly fashion. we've seen with lehman, a year and a half after the fact, literally hundreds of billions -- millions, close to billions of d

brighter future. >> some of the o come out of the company recently, we're talking about the separation from time warnersadly the human toll, at the peak it was some 19,000 folks and now down to 5,000 employees. and what is the steam lining? >> aol as a company is focused on making sure we have the right level of tal.and focus to be able to compete. when you talk about the competitive landscape and the reason aol has had a lot of challenges is based on what the turn around has been and where there have been layoffs in the past is because it comes down to products and services and the reason aol ramped up is because they were doing a great job bringing products and services to the world. and i think our turn around and the employee base and what we do in the future comes down to us pioneering and in ovating and doing things that are great for future. so we're hiring a lot of talent right now in the dulles area, in new york, in california and india and dublin and all of the maces across the globe. so i think although we've had to reduce some employees, the employee count here, we are in the process right

it's not to disavow the work that senator warner and i spent a great deal of time wedlocking on. it's to say -- a great deal of time working on. it's to say i do believe we have done the work necessary to make sure there was a bankruptcy title done that would work for financial institutions. that has not been done. and i want to thank senator sessions for giving us the opportunity to voice the fact that we believe the bankruptcy code in this country should be made so that it works far better for financial institutions. i would like for this to have been melded a little differently than the way the senator is putting it forth. but i want to thank him for his work and signify my intent to support him on his amendment on the basis in the fact that this bill the way it's been crafted should have respected judicial review more than it has been. and secondly, that we should have, as part of this thoughtful process, we should have done something in this bill to greatly expand the ability of the judicial system to deal with a large, highly complex financial company. i yield the floor. the

i'm going to go with the red line instead, does that work better? yes. time warner intra day they're actually seeing an improvement in advertising in film entertainment and video sales of "the blind side" helped them out and publishing continuing or reemerge finally. pulte group. the biggest home builder. down 1.5% today. but still up 20%, 28% year to date. one of the biggest gainers in the s&p 500. they say the recovery continues this quarter. their loss narrowed. here's the crucial news. they think they will make a profit this year. analysts had estimated that they were going to lose 40 cents per share this year. look at that bottom right there. inventory repairment charges. really fancy way to say all that land they bought, a year ago they had to write those down by $400 million in value. this quarter only $8 million in value. still not nearly as bad. garmen, these are the guys that make the cool items you put in your car and then you're never lost. they're getting hammered because now you can get those things for free in your iphone and your google phone and you

warner was based in new york. what is managing for wall street? >> you look at the financial ramifications of every decision that you're making, and your time horizon of goodness is 90 days, the next quarter ahead of you, as opposed to what is in the best long-term interest of our key stakeholders, our employees, our customers? you start to scrimp a little bit on service. you start to scrimp on content -- maybe this is a nice to have. once everything goes to the financial filter, so you can meet a financial analysts' expectations -- but the financial analysts are a step behind what the consumer wants. i believe that if you make a service, and you have arilk good business model and you execute, then wall street will report on what your prospects are. but when you start to try and trick or to get into cahoots with financial analysts, and then the whisper number that you have to meet. you put all of your time and industry around the wrong thing. right now and there is a call to get back to basics. money is not the product. we saw what is going on with goldman sachs rig

the financial crisis in greece. this week progress has been made on a major rescue package, but any sense of confidence about a possible deal gave way today to new worries here and abroad. margaret warner has our update. >> reporter: the proposed bailout of greece sparked angry protest in athens today against the austerity measures it will demand. you can't live off of 500-600 euros. now they take more away. >> reporter: the financial markets in the u.s. and europe didn't seem much happier. both saw a wave of selloffs, down 3% in europe and more than 2% in the u.s., over concerns that the rescue plan won't work and the debt crisis may spread to other european states. and the euro hit a one-year low against the dollar. it wasn't the reaction european finance ministers and the international monetary fund had hoped for sunday when they approved a three-year greece rescue package of $145 billion. germany shares $30 billion. germany's chancellor angela merkel approved the move after weeks of delay. >> this reaction to a law does not only mean but will also help the stableation of the euro as a whole and therefore hep the people of germany because a stable european currency is extraordinaril

and with the hartford behind you, achieve what's ahead of you. >>> here's what to watch for tomorrow. >> i'm julia boorstin in los angeles. time warnereports before the bell. investors looking for higher earnings on an ad recovery and strong cable while its magazines are expected to drag on results. and after the bell cbs reports. all eyes on its advertising performance and outlook. >> i'm mary thompson. this is what i'll be watching for on wednesday. the financial crisis inquiry commission holds a hearing on investment banks and the shadow banking system. among the five former bear stearns executives set to testify, the company's former chairman and ceo, jimmy cayne. >> and let's take a look at the day on wall street as we say good night. the market under pressure for much of the day today. in fact, ending near the lows of the afternoon. on worries about the debt in greece and the ripple effects throughout the euro zone. the dow jones industrial average down 2%. 225 points lower at 10,926. volume heavy, as was volatility higher. 1 1/2 billion shares traded here at the big board. nasdaq gave up 75 points, nearly 3%, and that wasn't e

title 2 of the resolution, title is a title that the presiding officer, senator warner of virginia, senator corker of tennessee were the principal authors of on a bipartisan basis back in november or december. i asked a number of my colleagues if they were interested in working on various sections of the bill, and senator warner and senator corker had a strong interest in the resolutions section, title 1 and 2 of the proposed expldges how we could -- proposed legislation and how we could end the too-big-to-fail concept, something which i believe every member of this chamber endorses. none of us ever again want to see the situation that unfolded in the fall of 2008 when we saw a check for $700 billion be written out to stabilize a number of large financial institutions in the country. the good news is at the end of all of that, we're getting money back, but obviously it was traumatic to go through all of that, to watch institutions that should have been far more cognizant of the difficulty they were getting into that when they got into deep trouble, obviously in order to stabilize the econom

on the earnings front, we hear from media giant time warner, devin energy. before the opening, cbs and prudential after the close, ross. >> i'm just getting comments out right now, nicole, from mr. vaber, head of the bundes bank. talking about threats of serious contagion effects from other states. he says the greek financing on capital markets is greatly endangered and the greek default will be in financial sablt for the euro zone. i'm not sure these comments are necessarily helpful. because it's firmly saying policymakers accept there is a serious policy affect and talking about greek default. it's putting in the mind-set we're considering about it. we'll so he get some comments coming up. mean time, european markets are down approximated. the ftse 100 off just a little less than .5%. xetra dax off a little less and the dax off a little more. anna. >> we have the mining dockses doing pretty well. bouncing a bit from there. big selling the last couple of days. peru tental is very much in focused. they've delayed their rights issue in relation to the takeover

the award. he was in a combat mission over iraq. recently his friend started a campaign and worked with senator mark warner and he was able to finally get if vet the recognition he deserved. >> it's incredible. something i didn't expect for 19 years. it happened that my best friend what above and beyond what most guys would do in the military to make this happennd it feels great. >> he was brought to tears during today's ceremony but he added that he didn't join the army to get awards. >>> still to come tonight, what was so important that a woman sped down the highway at 100 miles an hour? she'll tell us after this and we're also starting to see some showers on this saturday night. we might be seeing showers for the next day or so. >>> a 72-year-old south carolina woman spent 12 hours in jail this week for speeding. sandra powell was not just going 10 miles over the limit. the dash cam shows her passing an officer going 100 miles an hour in a 45 mile-an-hour zone. her excuse for going so fast, this caught the officer offguard. >> i'm on my way to -- i went in the wrong detection and now i'm running late. >> you know you just about c

the presiding officer: --mr. warner madam president, i want to thank the senator from arkansas for her statement today about the folks not only from arkansas but from across country, from virginia, from delaware from north carolina. and i wasn't planning on speaking. i'm only going to speak very briefly because my friend, the senator from delaware, is going to speak much more extensively on this issue. but many of us who've -- who have the opportunity to preside 6 have heard, i know me particular on monday afternoons, have heard the senator the senator from delaware come down on a regular basis for months on what until last thursday was a pretty esoteric issue an issue that, as somebody who's spent 20 years around the finance sector before i got into politics full-time an issue that i thought i might have some knowledge out but candid as the senator from delaware started talking about high-frequency trading colocation sponsored access, flash trading these were whole realm of new terms they actually actually -- that actu

the a.o.l.-time warner case, private litigants recovered $3.1 billion; the s.e.c. recovered $316 million. according to testimony given on such legislation last year before the subcommittee on crime, the s.e.c. recovered a mere $8 million from security law violators since enactment of sarbanes-oxley in 2002, whereas the private litigants in enron alone recovered $7.3 billion so that the impact of the private lawsuits is -- is very, very important. we have seen the extraordinary impact of wall street fraud, the losses of 6.5 million jobs, the reduction of the gross national product enormously, and this private right of action is a very, very important part of keeping wall street honest with the litigation which it has produced. there has been a letter filed by a number of entities in opposition headed by the u.s. chamber of commerce raising the point that -- quote -- "the provision would subject defendants to liability whether or not they have any idea that the conduct they are assisting is wrongful." well, that is a gross misstatement of what this bill does. this amendment has been very na

the aisle, more republicans join this letter. it is available. i hope they will contact us. senator warner, senator whitehouse and i are the lead signators on this letter. but it's time for everyone -- by the way, if we get to 67 signatures, guess what we could do? we could amend the standing rules of this place. we could say objection would not be in order if it's anonymous. we could do that with 67 votes. and what a great day that would be. wouldn't that be a wake-up call to the american people that maybe we get it, maybe we get why our approval ratings of congress are near historic lows. for all the nonsense, ridiculous games that get played around here. let's do the public's business and let's do it in public and let's end the secret hold. this is a nasty habit we can no longer afford. i look forward to visiting with my colleagues on the other side of the aisle and see if we can prevail upon them to withdraw their second-degree amendment so we can go forward or find some other way forward. but make no mistake, we will find a way forward and we will end the secret hold. i'm confident it

the floor. also my colleague from virginia, senator warner, the new members have had a tremendous effect on thisill. this reflects the way the senate works these days, and i think it's all to the better. to have their input and experience has been vital. but, mr. chairman, i would also say that you are full of fresh ideas and vim and vigor. and just because you've been around here a long time doesn't mean that in fact you've had the wisdom to encourage some of our new members to actively participate, and confidence to do that as well. i also don't want to fail to note my colleague from new york, senator gillibrand, who sits in the chair, has done a fabulous job too, particularly on the agriculture portion of the bill on the committee on which she sits. mr. president, i come to the floor today and rise against the consumer amendment posed by senator shelby that is before us. i come to the floor to speak about the need for a strong independent consumer watchdog. i am here to talk about the proposal put forward by some of my republican colleagues to place a new consumer protection division within t

the subject is that interesting and controversy also i don't apologize for that. senator warner. >> thank you and let me say this as a nice break from derivatives and high-frequency trading and other things we've been dealing with on the floorand also follow up quickly realizing my time is short you mentioned the educational foundation. i do think theres interesting opportunities to leverage. i think that the prize foundation and the kind of energy that genered. ayaan stand i missed some of the earlier what conversations, will the because of this great possibilities and opportunities as the facility in virginia but one thing i aminterested in assuming for a moment that commercialization moves forward and part of the challenge of nasa will be to ensure as i think earlier questions pointed out the safety of the commercial missions up to the isf. have you thought through how you set the standards particularly in the commercial context and is there some analogy we could draw from that working with the faa on cutting the safety standards amount commercial aircraft that we could perha

they are getting the competitive advantage over the jim bunning said that used to trade, or the mark warnerssed to trade. my appeal is if you need not only action in terms of making sure we have the circuit breakers in place, but how do we also make sure you have the technology and tools in place? it was not market reactions but something else going on. >> the technology and tools are critical for us to understand exactly what went wrong here. that would inform the kind of fixes we would put into place. we do not have all of those answers yet, but we do not want to wait to ameliorate the impact of what happened. what ever it was, whatever the causes, linkages between the two markets. that is why we are moving quickly on things like circuit breakers. we are jumping on the things we can fix immediately. we are doing this auger and deeper dive. i hear you saying to pick up the pace and figure out what is more -- broken and get them fixed. that is what we are trying to do. >> i am also asking, as we sort through how we try to prevent this, we also have to sort and make sure that everybody is ope

the subject is that interesting and controversy also i don't apologize for that. senator warner. >> thank you and let me say this as a nice break from derivatives and high-frequency trading and other things we've been dealing with on the floor and also follow up quickly realizing my time is short you mentioned the educational foundation. i do think there is interesting opportunities to leverage. i think that the prize foundation and the kind of energy that generated. ayaan stand i missed some of the earlier what conversations, will the because of this great possibilities and opportunities as the facility in virginia but one thing i am interested in assuming for a moment that commercialization moves forward and part of the challenge of nasa will be to ensure as i think earlier questions pointed out the safety of the commercial missions up to the isf. have you thought through how you set the standards particularly in the commercial context and is there some analogy we could draw from that working with the faa on cutting the safety standards amount commercial aircraft that we could