and also in the u.k. because it is a company which has iconic status in the u.k., and is also a company which has huge corporate clout and also economic impact for the u.k.. >> woodruff: well, expand on that. corporate clout, iconic status, help us understand how important b.p. is there. >> well, b.p. has a very long history in the u.k. going back many decades. it's an iconic company. it was for a while the largest company in the u.k. by market value. and it's seen as really a corporate champion, almost, or has been until recently for the u.k. it also pays an extraordinary amount of income to british pension funds and retirement funds. it pays about one pound in every 7 in dividends, in the dividends, the pension funds receive in the u.k. and also with a market value of around 120 billion pounds. until recently when it lost about 40% of that, it was close to being the largest company in the u.k. it also has important ramifications because b.p. is economically quite significant. if you think about the amou

last year, u.k. financial services contributed 12.1% of the u.k.'s total, a man to 61.4 billion pounds, which is 142% of the interest costs of the current public sector debt. if we in this city are to pay our part in the nation's recovery, then together we must do nothing to stop the war from beating a path to our door. what can we do to keep that door open? first, we need the commitment to create, maintain, and enhance our competitiveness within are readily understandable, long- term framework. when i came in office last november, i called for a business environment, predictability, stability. i would therefore delighted to hear a similar message in your recent speech. if you can advance this, then you will empower business all over the u.k. this was the point made in the recent debate on competitiveness in the house of lords initiated by a lord. i was delighted to hear such an important subject addressed. in the news session, and congratulations again on your labor speech last week. [applause] taxation and regulation. we need taxation which is dem

and in the u.k. sector companies of all this accident, of but does he agree with me that all of the involvied in the deep water horizon project should be subject to investigation and that finger-pointing at the peak in particular is not helpful? secondly, on the issue of regulation, does he agree that any process of learning lessons need to look at not just the accident that private companies but the regulators of the u.s. minerals management? [applause] [unintelligible] could he also, in his response on the specific understanding of the level of regulation in place in the u.s. compared to the united kingdom? can i welcome what he said about the licensing of drilling in the deep water of u.k.? does he agree with me that it is essential that we look at any lessons learned before beginning the process of that deep water drilling? fourth, very importantly for the long-term future, mr. deputy speaker, does he agree with me that the central section of the deepwater horizon is that he cannot dig deeper and

with demand sgt information about access to all u.k. nationals involved. our top priority at this time is our support of the families who are very worried. we are concerned about the seizure of british nationals and it -- in international waters. this aspect of the israeli operation is forming a key part of the investigation. the prime minister has spoken to the israeli prime minister, i have spoken to the foreign minister, and the undersecretary of state has been in close contact with the is really our ambassador in lebanon. i am grateful to the hon. members who have been in contact with the foreign office in relation to their constituents and families and have provided information. we recognize the concern for those involved and the need to keep members updated. israel has told us they want to vote as quickly as possible to deport those people from the flotilla currently hold in israel. they could be deported very quickly. those who remain on willingly, will be a 72 hours in detention. our understanding is that after that, they will be deported. is our u

guest: it is a very large pension sponsor in the u.k.. like other companies, it is significantly underfunded. there is a federal agency being created in the u.k., the pension protection fund to backstop those promises. it is much younger and does not have as many assets. there are legitimate concerns from the british taxpayers and participants in these plans on whether or not these are protected. i want to reiterate that there is no issue with respect to his host: thank you for being with us bradley belt. 7:00 a.m. eastern time, 4:00 a.m. on our western coast. tomorrow, the former national intelligence director who served from 2005 until 2007. he will be here to talk about as a position as the president moves forward with his latest nominee to hold that position. also, michael tomasky which is the american editor at large at "the guardian." now, with the school was a public service to serve as the public ambassador to iraq. thank you for being with us on this sunday. enjoy the rest of your weekend. [captioning performed by national captio

thereas been much speculation in the pre about the impact on u.k. pension funds and whether the company will pay a quarterly dividend. this is highly a matter for the bp directors who will weigh all factors and make a recommendationo their shareholdees that is in their best interests, which also includes t bt interest of many u.k. peion funds. many citizens have real and legitimate worries about their pensions. but i would like to reassurthe house that, not only is the bt financial sound -- not only is bp financially sound, but pension funds that hold bp shares generally also hold a very diverse portfflio o assets. their exposure to a single company, even a company as economically important as bp, is limited. in concluding my stomach, i wish to express my government's profound sympathy to those in the .s. affected by this accident and by its aftermath. the priority must be to address the environmental consequens of this bill. our concentration is on practical measures that can help in this cris. this disaster is a stark minder of the member mental d

than it does in the u.k., so it is in all our interests that it is strong and secure in the future. >> helen goodman. >> yesterday, the chancellor of the exchequer told the house that, in april 2012, there would be no more children living in poverty than there are today. unfortunately, two thirds of the cuts in tax credits and benefits come after that date. will the prime minister give the house his forecast of the number of children living in poverty by the end of the parliament? >> what i would say to the honorable lady is that, for the first time in any budget -- certainly since i have been in the house -- we have actually published the distributional tables on what happens to income. labour never did that. we have done it for 2012-2013. in terms of what happens towards the end of the parliament, i am pleased to say that there will be at least another three coalition budgets, which we look forward to introducing, to make sure that we go on to protect the poorest in our country. >> peter bone. >> in the closing days of the previous parliament, anthony steen trafficked through the ho

i have also found that if it were not for the current presence of u.k. and internntional coalition forces, al-qaida would return to the afghanistan. musttwe stay? the afghan people do not want foreign forces on their style -- soil water that possible. the armed forces will not remain in afghanistan one day longer than is necessary. the key to success is training and equipppng the afghan security forces at every level to take on the task of securing their country so that afghans can chart their own way in the world about their country posing a threat to others. job done, their heads held high. that is why we back to the strategy developed by general much crystal and endorsed by president obama and nato. we are trying to protect the civilian population from attacks. we want to build up the afghan security force as quickly as possible. we want to transfer security responsibility as soon as they are ready for this must be done on the basis of the facts on the ground and not a preannounced a timetable. the current year is the vital year. we are six was entere

i want to have a genuine respect agenda between the u.k. government and all those administrations. we have always said that there will be a referendum on a sure powers for the welsh assembly. that referendum will take place next year. if the old gentleman shakes his hand, but if he wants the referendum earlier, the last state could have pushed it through earlier. the refereedum will take place. the people of wales must determine the future. as for my view, for someone who spends a lot of time and wells, there is a debate about powers for the assembly. but there's also a debate for people in wales wanting to know how we will make progress on housing, health care, schools, jobs, the real issues as well as the institutional ones. >> mr. speaker [unintelligible] man also paid tribute to the emergency services and to all of those who are recuperating from that tragedy. the national counnil states that nobody should have to travel more than 45 minutes to receive a regular therapy treatment. last december, [unintelligible] will the prime minister agree to be with me and ensure that he als

and the u.k. sector companies of all this accident, but does he agree with me that all of the company's evolving in the deep water horizon project should be subject to investigation and that finger-pointing at bp in particular is not helpful? secondly, on the issue of reguuation,,does he agree that any process of learning lessons need to look at not just the accident the private companies but the regulators of the u.s. minerals management? [unintelligible] could he also, in his response on the specific understanding o+ the level of regulation in place in he u.s. compared to the united kingdom? can i welcome what he said about the icensing of drilling in the deep waters of u.k.? does he agree with me that it is essential that we look at any lessons learned before beginning thh process of that the deeper importantly for the long-term future, mr. deputy speaker, does he agree with me that the central section of the deep water horizon is that we cannot dig deeper and deeper for oil, pondering the worl

to a govnment reect agenda betwe the u.k. gornment and allhose administrations.we've always said i'll tell you exacy what tt mean at mns there will be a referendum oextra powersor the welsh assembly at refendum we believe shou takplace next year. if the honorle gentlem ak his hea but if he wants to have a refendum, they cou have pushed it earlier this year and heidn't. i have toelhim that referendumill ta pce. it will be a matter for people in wales to deci. they must teine the future. as for myview seone spends a lot of tim in wales d has great res foreoe as i always find, s, at last debateboutows for the assely a there's debate wantg ho we'll make progress on housing, hlth care, on schools, on jobs. theeal ises as well as just thinstitutiol ones. >> tim farren. >> mr.peer, my apologies. i go with the remarks the prime nister made in e dadful shtings in cumbria last year and the emergen services and all thosrecoveri from the palling matter the national councilefor strategy state noby shod- theyuld hao trouto ceive regular ther treatment. last december we see com

and u.k. have very high standards. >> of the greatest part of our experience and operation has been in the north sea, particularly in norway and the united kingdom. in norway and the united kingdom, they have developed some of the best practices that are applicable and used around the world. that is based on our experience for several decades. those best practices and oversight review have been applied and used in the industry and other places of the world. i would say they rank right at the top in terms of capability and development of practices. >> similar answer in that i think the u.s. does have one of the most comprehensive set of regulations for the industry in theeworld. you can find other areas where a particular regulation may be more stringent than what you see in the u.s., but the important part for us as a company goes back to what i called our global standards, how we do things everywhere. those often exceed the regulations in any country. >> i would agree with that. the standards

i am also advised that if it were not for the current presence of u.k. and innernational coalition forces, al qaeda would return to afghanisttn and the threat to3 the next question is how long must we stty? the afghan people do not want foreign forces on their soil longer than necessary. pritish people are really impatient for progress. our forces will not remain in afghanistan one day longer than is necessary. i want to bring them home the moment it is safe to do so. the key to success is training and equipping the afghan security forces at every level to take on the task of securing their countty so that afghans can chart their own way in the world without their country posing a threat to others. our forces will be able to come home, the job done, theer heads held high. mr. speaker, that is why we back the strategy developed by the mcchrystal, endorsed byal president obbma, and nato. it involves projecttng this million population from the insurgents, supporting more effective government at every level -- the civilian population from the insurgents, sup

under the pressure he moves to the u.k.and gets under way with his speaking as it were and most of these are of course online. some of them are private conferences and groups and some of them stay on youtube and remain public indefinitely. so, his talks after he becomes the imam his talks start to -- he finds he market in northern virginia and he finds an audience and this is a time collecting audiotapes was a big deal. all of the young men from the muslim community are clecting the latest tapes from this scholar, that scholar who gave the talks there is a buzz about that emergence and he's a very effective speaker. charismatic, able to reach and connect with youin a way that a lot o other imams more not able to. they may be staunch your out of touch. but at the same time he is not the only english-speaking imam that's come along. this isn't -- account i don't think maybe 10% for his popularity. it's partly in my opinion tis bill will identity that he formed between being yen and being america said that he is able to commun

this headline succesays the u.k. should back down over be paid. are independent line, go ahead caller: thank you for cspan but i want to talk about all the promises that have been made i want people to understand that the money going into the candidates, look at the money they spend and you wonder why they spend the kind of money. look at the kind oo money that3 from bp. they get in there and fight against anybody, they say even obama received money from bp, and they -- and these companies have a privileggd right to do anything they choose to do. nobody including the president can do anything but hope this thing will be resolved. with the citizens have to stand up and stop being driven by these 80 people that are interrelated -- by these idiots people that are interrelated in this country. host: there are a number of calls from the gulf coast this morning including this one. this is for lauderdale, a republican line. caller: good morning. i don't know how true this is but i hear there are kill switches they have to use around the world but in amer

i want to know why these dispersants are banned in the u.k. and used here, since they are banned just about everywhere off in the world? guest: ipad cit the question, but it is what i do not know the answer to it -- i appreciate the question, but it is one that i do not know the answer to. host: there was an interesting comment from a woman who described herself as a female general foreman during the exxon valdez oil spill. i am one of the 11,000 clean-up workers who is suffering from health issues without compensation from exxon. a doctor visited me and informed me that exxon's medical records had concealed from the public, making it impossible to hold exxon responsible for their actions. the oil that came off of the rocks and into the air, turned into the central nervous system problems, and neurological impairment, chronic diseases, and more. she has a web site. she talks about an ongoing claim. i turn to you with what has the federal government done to study the effect of all these and what are we going to change the effect nex? guest: hi

managed to adopt measures in terms of budget and deficit reduction such as what has happened in the u.k., the reduction of unemployment in china, and a new regulation in the u.s. we are also going to work to have a balance and durable economic growth. the g-21 some assessment for each country -- the 20 once an assessment for each country. we have come to an agreement for important reform of the financial sector. improve regulation, capitalization, and a prudent approach. we managed to complete this important work earlier than forecasted. each country will be able to determine and apply a bank tax if necessary. we have also discussed other measures such as anti- protectionism and the cancellation of the debt of haiti. the g-20 has a lot more to do to ensure good recovery, but we have strived towards goals that canada has worked for. as we strive to build sustainable economies, that is the issue we have to tackle head-on. we have a firm targets on debt reduction and reducing its debt to gdp ratio is. the targets are a 50% deficit- reduction by 2013 in a debt to gdp ratio that should be st

i am based in the u.k. and i am out of the corporate headquarters. weathee is a far explosion, flood, or whatever, i am one of the small team that determines how we operate. i have trained in consulted in 26 countries arrund the world. i have been pulled in to make sure that the shoreline response program is tightly ocused. >> what is the biggest challenge >> each week we get a different challenge. first, just logistics'. getting folks out into the field from that helicopter to car to another truck to an airboat. it takes hours to get people to some of the most remote locations. right now, the challenge is heat. it is hot out there. there are significant logistic and safety challenges just to get to the job. that is ooe of the key ones. if you are talking about oil onshore, the challenge is the marshes. you have very sensitive marsh land areas. contrary to what the general public might think, the best way to clean up the march is not to just go in there and start stripping it ut and taking the oil out. marshes are very sensitivee environments and nee

. >> i am working on the u.k. election. they have invested a lot of resources in the u.k. how the rate the resources within the state department on technologies and highlighting the work of what you do? >> you cannot go from 0 to 60. let's look at the question of senior officials blogging and using technology more. is it being affected? it is all cumulative. everybody is learning from everyone else and figuring out how to get more twitter followers and use more social networking. three years ago, you cannot have had a conversation with anybody about doing this at an embassy level. you could not have that conversation. now, just about every ambassador and embassy is on facebook or twitter and ending -- and entering face to to figure out how to use a more effectively. they are using these tools that are out there. we can go back to what i said at the beginning -- the part of all this is the during out how we leverage these technologies as a tool to communicate and get our senior officials out there. that is extremely important. that is only one slice of the pie. technology i

what exactly is the u.k.oing within the european unit to maximize diplomatic pressure to end the blockade on gaza? >> i do not conscience of ruling anything out, mr. speaker. i am not ruling anything out. i must stress that there is an enormous amount of pressure. i had dinner with many of the european foreign ministers in sarajevo last night and will see more today. they are all expressing themselves in very similar ways and very emphatically. if there is no doubt about the intensity of the feeling and the pressure from the european union. clearly, we will want to discuss as a body what more we can do about that and most importantly, what we can to working with the united states to try to give new momentum to the middle east peace process. it is up there on the agenda and on the minds of european foreign ministers and there will be a great deal of pressure. >> i have been to gaza twice. can i ask the foreign secretary to work -- -- it is exactly what the israeli government wants to have a news blackout to hi

it happened in the u.k. a couple of times.n interesting thing -- when china sells the debt, say you have a car that you are trying to this cell, if you're the only person with that car, you have a better market. but what if someone else is selling their car at the exact same time? it would probably have to lower price. what is the opposite here? we have to raise some much you pay and interest so that it cost to the us. did they decided that they needed more money? did they do it for foreign- policy reasons? it goes that to us except in terms that we would never accept before. not all battles are fought by person to person with weapons. financial battles happen often. how are we trying to isolate iran? for the actions that they are doing? why would we ever put ourselves in that situation? that is why when you bring a foreign-policy, it goes even further to also the debt issue when it comes to farm policy as well. in a few short years, we will pay more on our short interest in you pay for our national defense. that is the diffic

u.k. owns 2.9%. a group of countries the oil exportors, 2.8. brazil owns % and all of the other countries combined own 18. you see growth well. i want you to walk back to another situation. the dollar was not always the world currency. prior to world war ii the pound was the world currency. there are a lot of reasons why the pound switched to the dollar. but there is also a story right after world war ii britain was in a situation. they spent a lot of money on the war. they had been in the battle longer than we had. their financial house was in disarray. they needed a loan. who were their best friends during the war? america. who did they shed blood and die with? america. they asked us for $5 billion for 0 interest. that is not unusual in that time. we told them no. we went back and said we would lone you some money, $2.5 billion. but we had other concerns. a lot of the concerns were where they were in india and the idea of the dollar not being the world currency. there were other factors involved. but you have to accept other terms. why would

as well as the u.k. and north sea. >> you would focus on those areas if this moratorium continues? >> we -- we are focused today on the relief wells. >> i understand that. >> and youeo you should be. you better be. >> i haven't -- i haven't thought frank my beyond dealing with the relief wells in terms of their activity in the gulf of mexico. >> thank you, mr. chairman. >> thank you. >> mr. hayward, line of questioning throughout the day, you referred to the blowout preventer. mr. gonzalez, when he asked questions and mr. barton asked questions on there. back on june 4th, you wrote an editorial to the wall street journal. you stated, we in the industry have long had great confidence in the blowout preventer as the ultimate fail safe piece of safety equipment yet on this occasion it failed with disastrous consequences. do you believe the the blowout preventer should be considered the ultimate fail safe? >> i believe so. either that or some similar mechanism. >> i'm surprised by your comments because the committee received a document and you have the document binder there, you play w

it will apply to the balance sheets of uk banks and building societies and to the u.k. abroad. there will be deductions for tier one capital and insured retail deposits, and a lower rate for longer maturity funding. small banks with liabilities below a certain level will not be liable for the levy. once fully in place we expect the levy to generate over $2 billion of annual revenues. now there are those who have argued that we should -- we should wait until every country in the g-20 introduces a bank levy. i believe that is the reasonable fair. indeed i can tell the house that the french and german had joined the uk today in committing to introduce a bank balance sheet levy. in a joint statement, our three governments have pledged to ensure our banks make a fair contribution to reflect the risks they pose. mr. deputy speaker, the business i hear from the business is unequivocal. they want certainty and stability from government so that they start the long process of rebuilding their businesses. and today i am offering them that, off five year plan to reform the corporat

to adopt measures to this end in terms of budget and deficit reduction such as what has happened in u.k., reduction of unemployment in china and new regulation framework in the u.s. and we also are going to work to have a balanced and durable economic growth and g-20 wants an assessment for each country at a tame when we shall be looking at it. so we have come to an agreement for an important reform of the financial sector. so improve regulation for capitalization and prudent approach, and we manage to complete this important work earlier than forecast. each country will be able to determine and apply a bank tax if necessary. we have also discussed other measures such as anti-protectionism and also the debt. it has a lot more to do to ensure good recovery. but we have strived towards goals that canada had worked for. >> that is the issue we have had to tackle head on, and we have arrived at firm targets for advanced economies on debt reduction and reducing debt-g.d.p. rather than yos. the targets are a 50% deficit reduction by 2013 and a debt to g.d.p. ratio that should be at + least st

or the day before, the new prime minister of the u.k. warned a painful and unavoidable cuts. germany's chancellor was quoted as saying that germany faces "serious and difficult times." they announced a rather sizable group of spending cuts to deal with their spending crisis which future of our country. when i looked at germany's deficit-to-gdp ratio, it seems to be comparable to our own. when i look at their debt-to-gdp comparable to our own in dealing with gross debt. do you appeared to be complimenting the eurooean leaders for taking strong stands? do you see similar strong stands being taken by this particular pongress to rein in the debt? >> countties have different amount of fiscal capacity, it if you will. countries like greece, which are clearly being shut out from the market because of their deficit ratios, needy minute and sharp changes in their position. -- need immediate and sharp changes in their position. we are a safe haven currency. -pwe are diversified economy. we have a long record of paying our debts aad their interests

other members asked questions on u.k. troops in afghanistan, the future of the manufacturing industry and the rise in the night crimes. prime minister questions, tonight at 9:00 on c-span. >> he was of volatile, emotional, and adventures young man. he was 25 in america and was having adventure. >> taken to look at alexis de tocqueville and his 1831 tour of america. tonight on "q&a". >> this past thursday, officials from the minerals management service's testified before the house resources subcommittee on regulations concerning oil rigs. they are responsible for approving offshore oil rig construction. also appearing was a former bp contractor who alleged unsafe practices concerning the atlantis platform. this portion of the hearing is about three hours. [captioning performed by national captioning institute] [captions copyright national cable satellite corp. 2010] [gavel pounds] >> the subcommittee on energy and minerals will now reconvene. i want to apologize to the witness of the second panel and witnesses of the third

afghan and u.k. forces have expanded security. the enemy has fought back as we have taken away sanctuaries. nothing has been easy in those operations, but six months ago, we could not have walked through the market as i was able to do with the district governor there two months ago. we are now focusing on the kenneth starr region. -- on the can of our region. so-called shipping operations, including a high-tempo of special forces operations have been ongoing for some months. present karzai and his ministers have conducted councils and other initiatives focused on inclusive the and transparency in the providence, evidence of the way ahead that are essential, and have been stressed by president karzai. in the months ahead, we will see an additional u.s. brigade deployed into the district of around kandahar city. we will see the introduction of additional afghan police and u.s. military police to secure the city itself, along with other foreign forces that will work together. the combination of all of these initiatives is intended to

coverage, whether it's these state exchanges or eventually i'm convinced that the real plan is to go to a u.k.-type system, canadian-type system and have national health insurance, national health insurance. federal government to take over 1/6 of our economy, 1/6 of our entire gross domestic product.

transocean was a key partner in developing the u.k. north sea methodology and then in developing another case guideline. but subsequently applied what we learned to our operations around the world. even where no formal safety case was required. we also implemented an major accident hazard risk assessment across all transocean operations. our full commitment to environmental and social stewardship is demonstrated by our active participation in a range of scientific, social, and conservation research programs around the world, including the gulf of mexico. we've invested millions of dollars over the past two years in projects aimed at better understanding the environment in which we work and the communities that support our operations. one such example is our support of a global program addressing scientific and environmental issues associated with remote operated vehicles. for over seven years we have been using our rigs as places of research to allow scientists to explore the deep water environment with cutting edge technology, to bett

this morning quickly, i don't remember that part exactly but there was debate on a bank tax which the u.k. just recently passed and france and germany said they supported and u.s. was also saying they supported but didn't make it into this one. i didn't see it this morning and i'm not so sure. host: how will the fm stocks react when the mark et opens? guest: it's very hard to know. there are some pretty harsh rules in here. nothing unexpected. new most of the rules that against that would curtail activities of the banks. they've been in discussions for months so that they were probably priced in. there have been some compromised that soften some of the restrictions. but they, we kind of markets knew those were coming as well. overall, i don't see surprises in what happened last night. it seem as long the lines of what market prices were expected but then the mark et has a brain of it's own and you never know whether it'll react negatively or positively or not do much. >> next call from last crew sis new mexico. >> i just wanted to ask, i don't know if this pertains to credit cards or debi

president obama's says that we like the u.k., but do not like bp. the president is asking the congress to vote on monday before july 4. he says the deficit will take care of itself, but we need the multiplier effect spawned by sitting upon the -- that is a message from twitter concerning the president's request for money from congress. caller: i am from connecticut, so-called, one of the richest states in the country. there have been so many teachers in schools closed -- i don't understand why these people don't understand what the president is doing. as teachers are laid off the students are crowded with up to 40 students in a class. is this how we won the country to go? education is very important for the future. i don't know what people say they don't know what the president is doing. he is trying to help states continue to educate children. host: from "the tallahassee democrat" a preview of the president's trip tomorrow. he will meet with local lawmakers. "of houston chronicle" -- more headlines about the oil spill. this message from twitter. we

the registration systems in canada or the u.k. that have been used to confiscate guns. i'm not into the second amendment debate. the basic issue is the impact it has on the crime rates. it would be great if the police were there to protect people. in my research, the police of the most important single factor in reducing crime. they cannot be there all the time. they arrived after the crime occurs. we had a woman who called sen. there are two groups of people who benefit from owning guns. people that are weaker physically, the women and the elderly. and people most likely to be victims of crime and they tend to be poor and black and live and high crime urban areas. the reason why they benefit the most is because they are most likely to be the victims of crime. look at the claims that dennis was making about home innovations. go to the d.c. website. the police have a website. burglaries have fallen. there are two different types of burglaries. you have robberies where the victims are in the home. they have fallen a lot. cromwell's try to case homes -- criminals try to ca

and u.k. forces have made progress there, though predictably the enemy has bought back as we have taken away important centers. and marcia and elsewhere. the focus is now shifting to conduct our province, where the effort features an integrated civil military approach to security, governance, and development. in the months ahead, we will see an additionaa .s. brigade deployed into the districts around kandahar city together with an additional afghan army brigade. we will see the introduction of an additional afghan police and u.s. military police to secure the city itself, along with other u.s. forces and civilians who will work together with the present canadian provincial reconstruction team that has been operating in the city. as you have heard general mcchrystal explain th, we have o expand thii overtime and establish the foundation of improved security on which local afghan government can be built. and that will enable and burbots in the provision of basic services and other areas as well

transocean was a key partner in developing the u.k. north sea's safety based methodology, and then in developing another safety guideline. but subsequently we applied that around the world, even where it was not required. we've also implemented on major accident-hazard risk assessment against -- across all transocean equipment. our commitment to stewardship is demonstrated by our active participation in a number of scientific, social, and conversation research programs around the world, including the gulf of mexico. we have invested millions of dollars of the past few years and it better understanding of the environment in which we work and the communities that support our operations. one such example is our support of a global program addressing scientific and environmental issues associated with remote operated vehicles. for over seven years we have been using our rigs as placings as of research to allows scientists to explore the deep water environment with cutting edge technology to better render stand the largely unexplored deepwa

this morning quickly, i don't remember that part exactly but there was debate on a bank tax which the u.kt recently passed and france and germany said they supported and u.s. was also saying they supported but didn't make it into this one. i didn't see it this morning and i'm not so sure. host: how will the fm stocks react when the mark et opens? guest: it's very hard to know. there are some pretty harsh rules in here. nothing unexpected. new most of the rules that against that would curtail activities of the banks. they've been in discussions for months so that they were probably priced in. there have been some compromised that soften some of the restrictions. but they, we kind of markets knew those were coming as well. overall, i don't see surprises in what happened last night. it seem as long the lines of what market prices were expected but then the mark et has a brain of it's own and you never know whether it'll react negatively or positively or not do much. >> next call from last crew sis new mexico. >> i just wanted to ask, i don't know if this pertains to credit cards or debit car

if you look at the niger delta, the u.k.tently dumped on people's farmland and conclude -- and completely polluted the area. the rest of the world has closed their eye to it for many years. they have dumped oil on these people's properties, in their water source, in their food. children's faces blistered from the contaminants from the oil that breaks down. guest: i am not sure of what you're talking about. we certainly have pollution issues here and around the world. the u.s. probably does the best job of any country of improving our quality of life from a pollution standpoint. we have to be continuously vigilant. i do not think the answer is always more law and more regulation. you get pretty bureaucratic after a while. it is very important for people to be involved in these issues. if something is going on, they need to talk to the city and state and federal government to deal with the problems. host: one comment from our twitter page, "why has not winston mentioned the kevin costner fix that bp signed on to?" guest: there

if you look at "the guardian" out of the u.k., their big headline says bp faces $34 billion in fines. the story that came out yesterday, which we will talk to senator byron dorgan about later run the show. judy, republican. what is on your mind? what to the present as a? caller: we have not had the best efforts. he should explain to the american people why he refused to let the dutch, ind. they offered a ship three days after this happened that could have sucked up 20,000 tons a day of this stuff before it reached our shores. he should explain why he has not suspended the jones act which would accept all the help that has been a offered to us. president bush did that when katrina happen and we had all of these countries helping us. he is doing nothing but protecting the unions and hurting our economy. he is only about picking winners and losers, who gets the pell grants and who has to take a long. the pell grant is free money, giving all of that to the historic black colleges, helping the black farmers and not the white farmers and he said he will pick the winners and losers in this c

he will meet with the president to let him know that the u.k.oil group is not dealing with collapsed after the gulf oil spill. caller: good morning. thank you for c-span. i don't know where i would get the truth if i were not for you. i have a few comments. i cannot believe that some of the things they are saying about housing. the government did not get the subprime housing thing going. this is for corporate lenders at selling off their risk. there was a giant land grab while this was going on. if every one fails, then they get all the land. i could not believe when it failed that, of course bush was not going to do it, but we could have said that is fine. we will save it, but you have to turn over your properties. where are the property rights when no one has someone to call when their loan goes bad? guest: it is a true that private companies were involved in subprime housing. at the end of the day, 75% of the subprime mortgages were held by fannie mae and freddie mac. that is where the action is. it is basic arithmetic. host: a call from flor

this morning quickly, i don't remember that part exactly but there was debate on a bank tax which the u.k. just recently passed and france and germany said they supported and u.s. was also saying they supported but didn't make it into this one. i didn't see it this morning and i'm not so sure. host: how will the fm stocks react when the mark et opens? guest: it's very hard to know. there are some pretty harsh rules in here. nothing unexpected. new most of the rules that against that would curtail activities of the banks. they've been in discussions for months so that they were probably priced in. there have been some compromised that soften some of the restrictions. but they, we kind of markets knew those were coming as well. overall, i don't see surprises in what happened last night. it seem as long the lines of what market prices were expected but then the mark et has a brain of it's own and you never know whether it'll react negatively or positively or not do much. >> next call from last crew sis new mexico. >> i just wanted to ask, i don't know if this pertains to credit cards or debi

and some of the things that were going on in the united states -- the french, the germans, and the u.k. residents seem to have a greater knowledge of what was happening in our country than our own military. i know that today, that has changed with all of the new media that we have, but do you find that perhaps some of the negativity that comes from our own political infighting has any type of influence on how people around the world think about our country? in particular, i'm thinking about things like what congressman joe wilson said to the president during his state of the union address and things like that. host: richard wike of the pew global attitudes project. >> that is not something we're necessarily look at in our survey, divisive politics in the u.s. and how that might affect our image. it is interesting how much people around the world to know about the u.s. and its policies. for example, for the most part around the world, people have very little problem offering an opinion of president obama. people are familiar with him. they know what they think of him. we ask about other

marching down the road towards greece, towards italy, towards spain, towards the kind of problems the u.k. has been having. but is changing course on and is going to address. and we wish them the best in those efforts. now, where did the money go? these are components of the 2009 deficit growth in billions. here's the federal budget deficit. the places where the federal deficit tripled in one fiscal year as tax revenues fell and congress pumped out large sums to stabilize financial institutions and stimulate the economy created a tripling in the federal deficit in one fiscal year. furthermore the policies we've enacted will double the debt in five years and triple the debt in 10 years. so the situation that we put ourselves in in the last 18 months creates dire circumstances. so the components of the 2009 deficit growth occurred due to lower tax receipts, that's part of our recession, stimulus, half in spending and half in lower taxes, the republicans quite frankly had a stimulus package that would have created twice as many jobs with half the size of a stimulus, and doing it by infrastru

this plan reflects what just happened in places like the u.k.nd norway where after horrific they reorganized the department relative to how they oversee the outer continental shelf. as we move forward with their organization, the chairman and senator and distinguished members of this committee, i want to work closely with you to make sure that the organization that we put into place will ensure the goals that have been articulated by you that we have safety and the environment is a critical concern of how we move forward with development of ocs. i would be happy to take your questions. >> thank you. let me start to ask about the moratorium that you put into place. you refer to it as pressing the pause button. how does that affect producing wells in the gulf of mexico? are there requirements you are putting on the wells that currently producing, not those being developed, but those that are in production and closed in and operating? >> with respect to the moratorium and its application, we have the moratorium in place including with respect to th

consider that the u.k. is right behind greece. portugal is right behind them. ireland is behind them and italy is behind them and spain is behind them. there are many nations that are in precarious financial stability. there is a tremendous responsibility in the united states. if we will get our house in order and drastically cut spending and have written tunnel reforms of social security and welfare and if we create a growth environment by dramatically cutting taxes for five years and making permanent killing of the death tax and getting rid of the alternative minimum tax, 34% corporate business tax is insane. we need to lower that to about a 9% level. i do not believe that anyone should be paying more than 21% of their income in tax to the federal government and have 100% expenses if someone buys a business item. maybe that will take a long weekend. you would not even wait 1/4 and you would see absolute robust growth here and the united states economy. you would see job increases. if you would just consider, and we, rather than spend one trillion dollars beca

in the case of france and the u.k. and in the casof u.s. government agencies. so the spill trust -- oil spill liability trust fund was established to have a financial resource for government agencies to respond quickly and then build a responsible pay. that has been done in the case ofhe deepwater horizon spill. atur hearing yesterday, craig bennett, director of the national pollution funds center, said, all funds expended will be billed to b.p. and ultimaly recovered. these funds are deposited int the principle fund, not the emergency fund. as of june 1, 2010, obligations against the emergency fund for federal response efforts totaled $93 million. that figure has now grown to $114million. so it's bping up against the limit of $150 million and $100 million plus the baseline $50 million for emergency response. at the current pace of operations, funding available, continuing with director bennet in themergency fund will be insufficient to sustained federal response operations within two weeks. and we're very close to that number now. the coast guard has, accordin

and the u.k.again made their own coalition and invaded iraq under the false pretext o searching for damaged wmd. mr. president, the islamic republic of iran is means to exercise the inalienable right to nuclear technology for peaceful purposes and to build on its own scientific advances in the developing peaceful aspects. at the same time, iran is the victim of the use of weapons of mass destruction in recent history has rejected and opposed the development and use up all of these weapons on religious the leader of the republic of iran has on several occasions including in his message to take on international conference on the nuclear disarmament and nonproliferation held in april 2010 in tehran declare that nuclear weapons re forbidden and brought the message for forbidden and i brought th message to my letter has documents 2010 slash 203. fi cofounder this message we consider the use of such weapons as religiously forbidden and believe it is everybody's duty to make informed to secure humanity a

and u.k. forces have made progress there. predictably, the enemy has fought back as we have taken away an important sanctuary in marjah and elsewhere. the focus is now shifting to the kandahar province. in the months ahead, we will see an additional u.s. brigade deployed in the districts a round kandahar. we will see the introduction of u.s. military police and afghan police, along with other forces and civilians who will work with the impressive canadian reconstruction team that has been operating in the city. the concept is to provide a rising tide of security that will expand over time and establish the foundation of improved security on which local afghan governments can be built and will offer the improvement of basic services in other areas. there will be nothing easy about any of this. i have noticed that the going is likely to get harder before it gets easier. that has already been the case as we have seen recently. it is essential that we make progress in the critical southern part of the country where the 9/11 attac