tom horn. claud jarmen. neil stafford. i don't know if anybody's heard of belva davis. i don't know who's idea was there to appoint her to the war memorial board. my idea is fabulous, steve. i am glad he came up with the idea. thank you for your service ans being reappointed. tom horn, an amazing guy. tom, thank you for your service and now you carry your baton. claud jarmin, the only academy award-winner. thank you for your service. an outstanding job. thank you for continuing to serve. stafford had a short appointment. he said, he'd take it and se how it goes. it is a big deal to have his enthusiasm. war memorial is being remodeled. a lot of work going on over there. they will matter, grateleatly. now it is time to mention the last person swarn in. faye lee. it went on my list. thank you. faye is a good friend of all of ours. thank you for your continuing contributions to the city. that's it. did i forget anyboyd? anybody else want to get sworn in. if you need me, i am around. we had a great recommendation. tom shay might have called, or p.j. on challen 26. they said

state superintendent of public instruction tom horne wrote part of the law himself. >> it says that you can't have courses that are designed primarily for students of a particular ethnicity or that arouse resentment against other ethnicities. that's the essence of it. >> reporter: the law also says ethnic studies classes cannot advocate ethnic solidarity or teach the overthrow of the u.s. government. horne was just elected arizona attorney general after eight years as the state's school chief. each year he says he became more determined to shut down tucson's ethic studies program. >> it was necessary because in the tucson unified school district they were dividing kids up by race. they had raza studies for the mexican kids -- la raza, as you know, means "the race" in spanish. african-american studies for the african-american kids, indian studies for the native-american kids, asian studies for the asian kids. to me it sounds like the old south dividing kids up by race that way. >> reporter: his primary witness against tucson's mexican-american studies program is john ward, who taught the

but tom horn's family from greenville. >> they said they'd refund our money and we're going to come back when it's warmer weather and we don't have to deal with the snow. >> we're going to go shopping tomorrow. >> diana ross for nbc news. >> hence the song "there's no place like home for the holidays". >> what up with that? >>> some good news for the folks who have been batwatching the rr over the northeast. things are drying out. we're keeping an eye over tuesday as we had some blowing snow in philadelphia. by tuesday night, football time, should see temperatures close to 30. maybe mid 20s in the wind chill factor. this after the day we saw of snow totals, three feet in spots around new jersey and even central park picking up almost 20 inches of snow. nothing like that here in the temperatures in the 40s and 50s right now. but may see patchy fog out to nap pa and fairfield as we head to the nighttime hours tonight before the rain and the wind kick up this time tomorrow. right now, not a lot in the way of wind. things are calm right now. but we will see southerly winds pick up as we head

tom horn wrote part of the law himself. >> it says that you can't have courses that are designed primarilyor students of a particular ethnicity or that oh rouse resentment against other ethnicitys, that's the essence of it. >> reporter: the law also says classes cannot advocate ethnic solidarity or overthrow of the u.s. government. he was just elected arizona attorney general after eight years as a school chief. each year he bam more determined to shut down the ethnic studies program. >> it was necessary because in the tuesday son strict they were dividing idz -- tucson district they were dividing kids up by race. african-americans, and native studies for the native kids. to me sound like the old south. >> reporter: his primary witness against tucson's mek can american studies program is john ward, who taught the class back in 2003. until he says he was pushed aside and eventually quit. ward is hispanic himself. >> i think clearly their purpose was to create the next generalers of ethnic radicals who can hit the pavement and they simply wanted to spread this message in a fertile classroom.

now is a time to look at income, pull in the horns a little and take some profits, and not chase stocks with undo high risk. >> tom: what about evaluation in the fixed income space. we've seen bond yields move up. why not going defensive there? >> i think as interest rates go up, which is a possibility here because the fed is artificially pressing interest rates lower -- you know, there is more risk in bonds, and the reward potential is very low. so actually in our managed accounts, we have less exposure in fixed income than any time in our history. >> tom: so record low in terms of exposure to bonds. do you expect a rally to come if and when congress is able to put together a tax cut? >> yeah. i think there are a couple of catalysts that could move this rally further. one is year-end window dressing and a lot of hedge fund funds and mutual funds have underperformed so they're going to be chasing. and the other one, if they extend the bush tax cuts, it will be a positive catalyst for stocks. >> tom: you are finding some bargains, especially in health care. pfizer and merck, both of the stocks have been under press

tom, we have a lot of information there. we are going to go all the way around the horn. >> thanks for the call. i'm not sure really where to start in on that. i do think that one the things that was fascinating for me because i have spent some time understanding both our fiscal and monetary policy, it was actually his last chapter. that dealt with the financial crisis that was sort of in the waning years of the presidency. i think the one thing that isn't discussed in this chapter is actually how much the sort of recession and september 11th shocks that landed into the economy with the coupling of the tech boom busting. there was something of an implicit, whether it was fed policy, whether it was also part of kind of the economic calculus in the white house to essentially replace the tech boom with the housing boom. i think you see an active desire to essentially create situations where individuals could take advantage of these new financial tools and over extent not just the banks, but also many taxpayers. >> professor zelizer? >> well, i mean, i think, you know, he cut taxes twice early in hi