know about, you know, to conduct our >> although the economic profession is quite busy now, we could go back and knock off the last 30 years, and we'll still knowless about the world to understand it. >> yeah. it's like medicine, i mean, you know, the breakthroughs in medicine thatfect our lives, okay -- that pz effect our lives are not the, you know, most advanced techniques today, okay? >> host: that's quite a humbling thing for the economics profession to hear today. >> guest: yeah. and that's right. and, but, you know, the other thing is that, you know, ask yourself how has economics, you know, gone to new insights. it's almost always been because the existing model, the existing theory was inadequate or incomplete or downright wrong, okay? that's how, and i suppose -- i guess i don't know enough about natural sciences to know whether that is typical, but, you know, both keynes and irving fisher when the, you know, what turned into the great depression, when that did not right itself, um, with monetary policy as they thought it would, they both went back to the drawing bo

to stay with this. persistence is part of our long- term plan. and while economic orders may be hard to change, and policy strategies -- no matter how good, can only get us so far, we all have to make a choice, not simply to remove barriers but to really fill this field with an active investment and involvement from all of us. those of you who are here today are leaders from across the >> aye. >> region, and it is your choice to come here, it is your choice to focus on women and the economy that will send a message rippling across >> aye. >> -- rippling across apec. the callous decision that will be taken by leaders and citizens to encourage young girls to stay in school, to acquire skills, to talk to that banker, to understand what it means to give a loan to a woman who will work her heart out to produce a result for herself and her children. and when we do that, we're going to really make a big difference in helping to elevate the age of participation for women. and there are many other areas we have to be attended to. our medical research dollars need to be sure

economics and economists. they didn't see these problems coming in 2008. they were not able to fix them and gives the fault of the economist but essentially what you are given the book is a story of great hope arising out of the economic profession. can you explain that? >> well, part of it is looking at things a little bit longer term, and it turns out that if you think about it at the peak for the debt of the 09 sessions in the united states per capita income, personal income, which is or in per capita gdp were higher than any year of the clinton boom or the bush boom. >> host: people are richer but it doesn't feel that way. >> 30% higher than in 1990. so, well the sure didn't because, you know, for the very simple reason that a tent of the work force out of work which made everyone else feel i could be next. >> host: so expectations for the material wealth but in some ways they were shocked by the unemployment around them. >> right. so it's a huge disparity between the long-term trend, which is dramatically higher levels of living standards and these periodic crises that mak

profession to hear today. >> guest: ask yourself how has economics gone to the new insights it's almost always been because the existing model of the existing pherae is inadequate incomplete or downright wrong that house and i suppose i guess i don't know enough about the natural sciences to know whether that is typical but both teams and fisher it turned into the depression when that did not write itself with monetary policy as they thought it would they both went back to the drawing board that is when they read the general theory and that's when fisher went on. so economics -- the interest in economics now because people are looking for what was it that was missing? >> guest: >> host: that is a good question to leave it on. having written this book, are you more admiring of the economics profession now or less when you start it? >> guest: much more. >> host: that's a very encouraging note to end on particularly the time that we suffered such a big economic turmoil and many people on the economic certainly recommend this book. it's an interesting in

as i mentioned earlier, i want to step back and take a look at the broad economic strategy. we mentioned the billion dollar number, the jobs number, over a thousand. those projections are obviously very exciting, but we need to do what we can to deliver on those promises. what we have tried to do is take a strategical, looking at the different opportunities that are going to arise, how best to access those through public policies, contracts with our partners, just general work with our city constituents. small businesses that work for us, to make sure that they are ready as they can to take advantagethis diagram is a rougt you were a -- ready way to describe what we're looking at. from the center of this it represents the most direct opportunity we have to influence the spending. as you get further and further out, it is a more indirect relationship the city has, so we have to take a different set of strategies on those. you will see in the middle city projects, public spending. we are confident and really upbeat those will be successful opportunities to really bring san fran

with every question and answer, help tavis improve financial literacy and remove obstacles to economic empowerment co . oenetit on conversation at a time. nationwide is on your side. >> and by contributions to your pbs station from viewers like you. thank you. [captioning made possible b tavis: it is shaping up to a busy year for dave stewart, the acclaimed musician has a just released a new solo project called "the blackbird diaries." next month, you can pick up a copy of his newly formed super group called super heavy. how was this car an all-star lineup? mick jagger, and damien marley, here is some of the recording sessions for "the blackbird diaries." >> he was getting ready to spend a week making an album. we were spending a year. he would go for a week. we are like, yeah. he is getting ready to go. she says i have a condo. you can stay there. i say, that would be cheap. it does not cost anything. cheaper than free. dave and i looked at each other and went -- ♪what is cheaper than free tavis: 25 in time to go to the bathroom? >> i have making a film. you see me writing lyrics in t

we have to mount a big fight for the economically anxious to get justice. tavis: i'm glad you answered in that way. my impression was is that the new poor are the former middle class, and we do not address the needs of them, how do we get people back into that class? >> one of the things i was appreciative of of your tour, hold on a second, let's make sure that just because we have new people hurting we do not forget the people who have been hurting the whole time. it is a canary in the coal mine. we did not respond where people were hurting, apple last year, watts, detroit. we allowed the pain to accumulate in the game meant to accumulate on roster. at a certain point -- gain to accumulate on wall street. it is a dream rooted in the american dream. he was not caught -- talking about consumerism. this is a country where everybody was supposed to campus. you do not out to be from a certain part of town to earn a living and paying the page at to your child. people came from around the world based on that idea. people did not choose to come here, we chose to s

with every question and answer, help tavis improve financial literacy and remove obstacles to economic empowerment one conversation at a time. nationwide is on your side. >> and by contributions to your pbs station from viewers like you. thank you. [captioning made possible by kcet public television] tavis: randel cannady is a distinguished professor at harvard law school. his latest is "the persistence of the color line, racial politics and the obama presidency." i will have you -- i am honored to have you back on this program. let me start with asking why you were drawn to the subject matter. >> i steady race relations and american law and american culture. the election of the first black president was a natural for any one drawn to the subject. tavis: for those who have not yet read the text, as ed koch used to say, how am i doing? how was the president doing along the color line? >> well, listen. the biggest accomplishment in racial terms for barack obama was being elected. he had to overcome his blackness to be elected. he climbed the mount everest of amount -- american politics,

with every question and answer, help tavis improve financial literacy and remove obstacles to economic empowerment one conversation at a time. nationwide is on your side. >> and by contributions to your pbs station from viewers like you. thank you. [captioning made possible by kcet public television] tavis: ron suskind is a pulitzer prize-winning journalist whose text include "the test of loyalty." his newest text is called "confidence men." good to have you back on this program. >> nice to see you. tavis: i assume that you write at these kinds of books with this kind of insight and you expect there would be a response. has it been what you expected it to be or is it more than that? >> it is stronger than i thought, i will limit that. i have written books that have gotten two different responses. in one case, george bush and cheney launched a frivolous federal investigation into me and the former treasury secretary. this is a little personal this time. all of the key actors knew everything important going into the book next to their name prior to publication. that was helpful in the co

economic polarization. korean "comprehensive welfare for the underprivileged will give new spending powers to the economically struggling group of people, and in turn it will create jobs. also, it will contribute towards setting up a solid and correct path to development." and on inter-korean policy, the opposition leader called president lee myung-bak's agreement with russia to build a natural gas pipeline through north korea... an important achievement to secure energy for the country. but sohn had a different view from the lee administration on carrying out the energy project,... saying that seoul should increase engagement with pyeongyang and look for more ways to work on joint projects toward peace and unification. korean "in order to proceed with the natural gas pipeline building project from russia and through north korea, we need peace on the korean peninsula. and we need to also work on an inter-korean railroad system to economically complete the pipeline project. so, we call for the government to reconsider the existing policy on north korea." commenting on the latest political phenomenon of entrepr

to support the government. that's the only reason. it's a subtraction from economic activity. so when things are really tough, do you want to subtract more from economic activity, no. >> susie: many people are puzzled why american businesses aren't hiring more, spending more, given that they are sitting on a pile of cash. now are you going to be addressing business leaders tonight. what are you going to tell them? >> well, obviously they need to invest in activities that they believe are going to be profitable. that's the way we get our standards of living to rise. and i think once they see a playing field that they can count on, they will. >> susie: let's talk a little bit about europe's problem. if you got a telephone call from german chancellor merkel or french president sarkozy asking for your advice, what would you tell them to do to get out of this difficult debt situation? >> recognize reality and deal with it. it's an insolvency problem, it's not a liquidity problem. and if you keep prescribing use ferrity austerity of various kinds, it's-- get them on a path to growth.

economic activity. and the issue that i think we ought to focus on is that we are in a period of very sluggish economic activity. there seems to be no real potential for change in that materially. no, and the revenues were going to engender, irrespective of the tax code, are going to be much less that i think is currently being projected, either by cbo, omg, or number of private economists. if that is the case, we have to recognize that we have a major problem among the expenditure side, and what i would define it is this is not discretion spending which is very easy to end. it is very difficult to cut entitlement spending. and i think unless and until we put our focus on the issue, and then determine what it is we need to raise in revenues after we determined what we're going to spend is, from my view, and the appropriate way to focus on tax policy. taxes are there to fund spending, and the lower the level of spending, the less the problem of funding. >> if it's just a matter -- >> hold on. i want to follow up with chairman greenspan. just focusing on tax expenditures, it's an item worth $14 trillion o

10 not to be interested in economics. and people like that used to be like somebody who read novels and not know what was happening in the world. this is a good moment. and because of the financial crisis and the recession in the united states. it is also an important time to take a long-term perspective. and also writing about a first of all, i don't have a ph.d. in economics. but i felt that i learned about it in a very different way because economics is so history brown in so driven. so the way they set out to become day ballet dancer or pianist. they may want to be a physicist or mathematician part of and something makes the action go to the economic issues and that is how the characters of a book are drawn and. because that is where the action is part of that is where they could you fact what is going on. >> host: one of the things that fascinates me people think economics is about numbers, complex computer calculations and complex ideas but yet you bring it to life why do they do that? it is the unusual tactic? >> it

with every question and answer, help tavis improve financial literacy and remove obstacles to economic empowerment one conversation at a time. nationwide is on your side. >> and by contributions to your you. thank you. kcet public television] tavis: she came up with what seemed like a simple idea in kenya. she was the subject of the pbs documentary, "taking root." >> we have a government in this country that is overseeing the obstruction of order. today we are faced with a challenge that calls for a shift in our thinking so humanities and stop threatening life support system. >> she joined us in 2006 and again in 2009. this came on the heels of her book "challenge for africa." nice to see you again. let me start with the personal. this work is so personal for you, and i suspect anyone that becomes a nobel laureate in has something that connects them personally to the work they do. why is this so personal? >> i think because of who i am, farm,dy who grew oup on a my father, my parents worked on the land. it had something to do with the water, the soil, the fire would i collected, so for

insurance is proud to join tavis in working to improve financial literacy and remove obstacles to economic empowerment one conversation at a time. nationwide is on your side. >> and by contributions to your pbs station from viewers like you. thank you. [captioning made possible by kcet public television] tavis: it is an honor to welcome sonny rollins to this program, the iconic jazz saxophonist was recently named a kennedy center honorees for this year, a much deserved and extremely high honor. he also has sonny rollins road shows volume to. it is an honor to have you on this program. >> it is an honor to finally get a chance to meet you and be on the show. i watch it, i am with you. tavis: i have been waiting on this for a long time. i want to start with the click of something you have said to interviewer 20 years ago, maybe 1986. you might remember this, maybe not. >> i don't feel i am the greatest anything, i feel like i am developing. as far as i am concerned, i am still proving it to myself all the time. tavis: that was 1986, do you feel that same way? >> exactly the same way. tavis:

i want to speak on the state of our city's economic climate. in order to have a city that is, as you have heard me say time and time again, that is safe, solvent, and successful, we need to invest in our residents, in our businesses here, and in our city. that is why jobs and our business climate are the top party is that my administration will continue to push very hard. that means creating and retaining jobs and creating the conditions for businesses to start and grow and prosper in our great city. today, san francisco's unemployment rate is 9%. while that is the third lowest in the whole state, we can still do better than that. i would like to turn that 9 right on its head to a six. that is where we need to be right from the start. the good news is that san francisco is resilient and we have proven that we can compete and win business is even in the most toughest economic times. we are home to over 550 technology companies. 74 life sciences companies, and more than 200 clean tech and green businesses. our growth is very steady. that is why i'

with every question and answer, help tavis improve financial literacy and remove obstacles to economic empowerment one conversation at a time. nationwide is on your side. >> and by contributions to your pbs station from viewers like you. thank you. [captioning made possible by kcet public television] tavis: "rebirth" is the acclaimed new film from jim whitaker, which follows five people and their personal connection to the attacks of 9/11. it made its debut on sunday and is now playing in new york and in l.a.. sunday is the 10th anniversary of 9/11. you can see the film on showtime. here are now some scenes from "rebirth." >> on caught between have and to move on, but i do not want to. the cracks in the dream i just go up and hug her. >> i cannot do anything i used to do. >> i still have not cleaned out his drawer. every once in awhile i will just look and said, oh, i remember that shirt. >> i feel horribly guilty. >> i do not think i've even started healing yet. >> it is a painful decision to start dating again. it is such a the trail. >> i really miss her. tavis: of all the things yo

with every question and answer, literacy and remove obstacles to economic empowerment one conversation at a time. nationwide is on your side. >> and by contributions to your pbs station from viewers like you. thank you. [captioning made possible by kcet public television] >> of quick programming notes. tomorrow night, a candid, frank conversation with the noted harvard law professor randall kennedy. he is out with the new text above recent age of obama -- new text about the recent eighth of obama. there is a part about me. we are here with kwame kilpatrick, the mayor of detroit, but in 2008 he was forced to resign and eventually went to prison. he is hoping to build a new life, which includes his new text. he joins us now from dallas. nice to have you on this program. >> thanks for having me. >> let me start by asking the obvious. that title. by surrendered, you mean to what and to whom the money >> to god and letting go, trying to make things happen myself, trying to engineer my own fate and future without accepting what the will of god was in my own life. allowing god to act in my li

the transportation sector is critical to our economic prosperity. just last week, in his address to a joint session of congress, u.s. president obama said that building a world-class transportation system is part of what made america an economic superpower. the transportation meeting today in the first joint energy transport news conference yesterday. crucial to aipac's 2011 priorities. as apec hosts in 2011, the u.s. has prioritized compleat initiatives that build a seamless regional economy, looking at outcomes in specific priority areas, including strengthening regional economic integration and expanding trade, promoting green growth, and expanding cooperation. moving this practice forward requires -- [unintelligible] on the transportation sector. from yesterday's joint meeting with leaders, we note that transportation accounts for more than 60% of global oil, some 1.5% of global electricity consumption. thus, the sector is heavily dependent on energy. the apec energy and transportation ministers had a day of fruitful discussions on issues such as

with every question and answer, help tavis improve financial literacy and remove obstacles to economic empowerment one conversation at a time. nationwide is on your side. >> and by contributions to your pbs station from viewers like you. thank you. kcet public television] by made possible kcet public television] tavis: it is always a pleasure to welcome danny glover to the program. it is called "the black power mixtape 1967-1975," and the film opens in l.a. this friday. here are some scenes from "the black power mixtape." >> dr. kaine believed this. his major assumption was that if you were nonviolent, if you suffer, your opponents will see your suffering and will be moved to change his heart. that is very good. he only made one fallacious assumption. in order for nonviolence to work, a conscience is needed. united states has none. tavis: if you when i were just talking about the first time you met stokely. what do you remember about meeting him? >> i just recall the self confidence. i remember meeting three about the same time. some have come back to san francisco and settled there. s

me welcome to crossfire gang peter a little as the great global economic financial contraction continues unabated is it time to rethink capitalism as we know it today should the world still rely on markets to generate wealth when the rich only get richer and middle class is crushed and is that of capitalism they can serve the interests of all. the sisters. to cross out the future of capitalism i'm joined by com palmer in washington is a senior fellow at the capital institute in new york across the iran contra he is the founding editor of the independent newspaper and in bangkok we have richard duncan he is an author and chief economist of black horse asset management in singapore all right gentlemen crosstalk roles in effect that means you can jump in anytime you want but first mush i'd like to go to you is capitalism jhoom it depends on who you ask peter for many western consumerist producers managers and owners capitalism has been more than an exercise in wealth generation and distribution has been a fundamental belief in deregulation that fuel consumption lower taxes and more politica

with every question and answer, help tavis improve financial literacy and remove obstacles to economic empowerment one conversation at a time. nationwide is on your side. >> and by contributions to your pbs station from viewers like you. thank you. [captioning made possible by kcet public television] tavis: lauren manning was a executive at cantor fitzgerald on the morning of the attacks of 9/11. burned on over 80% upper body, if she spent over a month in a drug induced coma. 10 years later, she is back with a memoir about her journey. the text is called "unmeasured strength." it is good to see you. >> thank you, it is great to be here. tavis: you talk about the fact that the first-year anniversary was difficult for you to. we get that. how are you processing this 10th anniversary? >> it is interesting. at once it seems long ago, yet there is this an ever-growing presents to it. it never seems to be far away. i need only look down at myself to note that the markets will always be there. fortunately, i feel that we as a community and a country have really been able to move forward and i

it revised its world economic outlook to 4% down by 0.3%age points from three months earlier. the reports said economic risks have clearly been increasing, citing growing credit problems in europe and temporary drop in production in japan after the massive earthquake and tsunami in march. the imf downgraded its outlook for the u.s. economy to 1.5% as a result of continuing weakness in the housing market which it says is a key to economic recovery. >>> as for the euro zone economy, the fund revised ilts outlook to 1.6%, down by 0.4 points. for merging economies such as india and brazil have also been lowered. the record upgraded its growth outlook by 0.2oints to minus 0.5%, say prague ducks has been rapidly recovering from the impact of the march disaster. >>> housing starts in the united states for august fell 5% from the previous month. this shows continued weakness in the housing sector, one of the keys to achieving a full-fledged u.s. economic recovery. the commerce department says august housing starts stood at an annualized 571,000 units. that's below the market consensus

as i mentioned earlier, i want to step back and take a look at the broad economic strategy. we mentioned the billion dollar number, the jobs number, over a thousand. those projections are obviously very exciting, but we need to do what we can to deliver on those promises. what we have tried

to work. that is only part of the solution. policies promote economic investment. we can leave our country to find a sound solution to our fiscal troubles. i look forward to working with each and every one of my colleagues for a solution. let's get to it. >> a thank you. we now recognize the gentleman from michigan. >> thank you. the problem is obvious. too few private sector jobs are being created. a quick look at the facts show this committee has its work cut out for it. there's zero net jobs created in the month of august. 40 million americans remain out of work. the total debt for fiscal year 2010 and reached $13.60 trillion. it is growing at an astronomical and unsustainable rate. the debt will exceed our gdp this year. this current debt to gdp ratio has are the costs as 1 million jobs. the seven decades in the making. its reacts to the necessary and unknowns solutions. washington has over promised and underperformed. it takes another step sarcoid making get back on track. as i stated, the final product must be looked at their job creation. will the recommendat

we will continue to advance both economic and political structural reform to create strong impetus for economic and social developments. we will uphold and improve the basic economic system, speed up fiscal taxation, and financial reform, reform of prices of production, reform of monopoly sectors and other important views and strive to make important measures in these reforms. we will address the institutional causes for overconcentration power and lack of checks on it. we will protect people's democratic rights and the lawful rights and interests so as to uphold fairness and justice. china cannot develop itself in isolation from the world and the world also needs china for its development. here, i wish to reiterate that china's opening up to the outside world is a long-term commitment which covers all views and is mutually beneficial. china's basic state policy of opening up will never change. we will continue to get actively involved in economic globalization and work to build a fair and equitable international trading regime and financial system. we will continue to improve foreign

with every question and answer, help tavis improve financial literacy and remove obstacles to economic empowerment one conversation at a time. nationwide is on your side. >> and by contributions to your pbs station from viewers like you. thank you. [captioning made possible by kcet public television] tavis: we were saddened to learn of the passing of the nobel peace prize recipient dedicated to the people of africa, and powering a generation of women to improve their lives. he appeared a couple times on this program. on thursday we will bring her last appearance in its entirety. you can find the tyra episode online at our web site at -- find the entire episode online at our web site. tonight we will begin with an entire conversation about president obama's standing among african-americans and the controversial speech he gave this weekend to the congressional black caucus. here is a portion of the speech that has a lot of people confused. >> put on your marching shoes. shake it off. stop complaining. stop grumbling. stop crying. we are going to press on. we got work to do. >> we are ple

with every question and answer, help tavis improve financial literacy and remove obstacles to economic empowerment one conversation at a time. nationwide is on your side. >> and by contributions to your pbs station from viewers like you. thank you. [captioning made possible by kcet public television] tavis: trying to find the right word. i am pleased, honored, humbled, delighted, crazy to have jesse norman on this program tonight. the legendary soprano has been an inspirational voice in music for many years to come. she released her first new recording hall. it is a good one. if you are fortunate enough to be at the mall in pasadena, before we get to the conversation, we take you back to a classic performance from paris on the occasion of the two hundredth anniversary of the french revolution. ♪ tavis: i am tickled to have you here. >> i am tickled to be here. tavis: that is it, good night. that is all i wanted to hear, really. i introduced that clip by saying it was a classic performance. that is what i have to say and others have to say. i assume in your own mind, there are performan

these bailouts and the government spending so much money but in order to revert to something closer to economic orthodoxy that perhaps could ensure sustainable growth what we need to do is we need to stop borrowing and consuming and instead we need to borrow and invest what i'd like to say my fear is that if the credit begins to contract then this economic system built on credit is going to implode therefore how can we ensure that credit continues to expand but it expands in a way that generates a productive return rather than just borrowing and consuming as we've been doing for decades i'd like to see the government borrowing invest for example i'd like to see the u.s. government borrow a trillion dollars at two percent interest and develop solar energy over the next ten years then that would be an investment that would yield returns for eternity that would also pay for itself we could bring down the budget deficit by two hundred billion dollars i would have to jump in here to many thanks to my guest today in washington new york in bangkok and thanks to our viewers for watching if you don't yo

answer, nationwide insurance is happy to help tavis improve financial literacy and remove obstacles to economic empowerment one conversation at a time. nationwide is on your side. >> and by contributions to your pbs station from viewers like you. thank you. [captioning made possible by kcet public television] captioned by the national captioning institute --www.ncicap.org-- tavis: pleased to welcome them in the harris to this program. the legendary singer-songwriter is a member of the country music hall of fame and 12-time grammy winner. she has a new c.d. next week called "hard bargain." from the project, here is some of the video from "goodnight old world." you tomorrow sorrow with good night, old tavis: during that clip, i said how good you still sound. and i'm very blessed i still work and have a good audience and love what i do. i am even able to have a bit of a second career in dog rescue. it does not pay anything, but it has become a real passion for me. i have a couple passions in my life that i am able to put my energy and time into, and it does not get much better than that. tavis: yo