i think that's somewhat underappreciated. particularly during the course of this financial crisis, most of the attention has been on the big systemic companies. but -- and clearly from the fdic standpoint and the rest of the regulators, that's going to be an ongoing priority, as i've just talked about. but there really is a need, i think, to pay some attention in effect to the other end of the spectrum for the community banks. the role really is quite important, and i will tell you, we are in addition to the systemic resolution responsibilities, the fdic is making the future of community banks or other major priority over the course of this year in part because the fdic is the lead federal regulator for the majority of community banks in the united states. in fact, we just hosted a conference a couple of weeks ago on the future of community banking. we're now going to be doing a number of things over the course of this year, including a series of round tables with community bankers in each of our six -- the fdic has six regio

that is somewhat underappreciated.particularly during the course of the financial crisis, most of the attention has been on the big systemic. and clearly the rest of the regulators will be an ongoing priority i've talked about. now the other end of the spectrum for the community banks are all really quite important and i tell you in addition to these responsibilities, the fdic is making the future community banks another priority over the course of this year in part because the fdic belief regular mutilator for community banks. we just hosted a conference a couple weeks ago on the future community banking and we are now going to be doing a number of things over the course of this year, including a series of roundtables with community bankers in each of our six regional offices around the country. we are going to a roundtable with community bankers in each of our region. bastardization insurance and research to undertake an effort to review the development of community banks the u.s. financial system over the past 25 ye

they're underowned, underappreciate. the whole stock market is underowned and underappreciated. >> even though the money's been moving into the stocks -- >> home building stocks are valuated on book-to-price. overall i would say, yes, they're about one and a quarter book times price. probably fairly valued. >> bob, let me ask you this, what are you expecting at the end of the day here? because of the triple witching expiration, what do you expect we'll see around quarter to 4:00? >> we'll see big volume pickups as we go into the close. we traditionally don't see price fights. that's one of the things that have kind of gone away over the years. we'll see a rebalancing in the s&p 500. some stocks will be going out and some stocks will be going in. even there, they manage these closes very well now. it's very hard to spike the index, or play with the indexers at the close. i think the important thing is, this week, maria, cyclical stocks have done terrific, even as interest rates have gone up. that's a sign of more confiden

we should not sit by as a country and allow such human talent to go underappreciated and underemployed. this is a problem that we can build our way out of literally. economists estimate that for every dollar we investment in public infrastructure, the economy produces another $1.44 worth of economic activity. that is why i reintroduced originally hr-494 to create thousands of infrastructure jobs in our region and across the country, and shared my proposal with president obama, and he joined me in calling for a job corps. the proposal was actually inspired by the original. the conservation corps, which during the depression of the 1930s was created. to alleviate chronically high employment. and it worked. it's amazing to look at the numbers within three months. three months. not years. over 300,000 americans were employed through that course. we're talking here about 20,000. they worked at over 1,000 sites making lasting improvements to the nation's public assets. many of the projects remain standing. the course accomplishments were mammoth in scale and in lasting, and we are still bene

we should not sit by as a country and allow such human talent to go underappreciated under employed. this is a problem that we can build our way out of literally. economists estimate that for every dollar we invest in publi produces another $1.44 worth of economic activity. that is why i reintroduced originally hr-494 to create thousands of infrastructure jobs in our region and across the country and shared my proposal with president obama, and he joined me in calling for a job corps. theactuly was inspired by the original ccc, the civilian conservation corps, which during the depe io1930s wf a comprehensive plan to . it's amazing to look at the numbers within three months -- three months, not years, over 300,000 americans were employed through that corps. we're only about 20,000. but those who were employed during that period worked at over 1,000 sites across our country making lasting improvements to our nd many of the forests, the librars,dams, accomplishments were enormous in scale and we are benefiting economically and recreationally the work done by them. and that was nearly ei

call the forgotten victory, the service of our women veterans has been too long overlooked and underappreciated. today in some small measure, we hope to rectify that by honoring their proud and meaningful legacy. first, let me begin by acknowledging some of the special guests who have joined us today. lieutenant general patricia dewho hoe, the first woman and first registered nurse to serve as the army surgeon general. ma'am. [ applause ] next brigadier general promotable lessee a. purser u.s. army deputy g 2, u.s. army operations plans and policy. [ applause ] finally representing the united states marine corps, i'd like to introduce brigadier general marcella j. monahan, currently serving as the assistant deputy commandant, combat development and integration. ma'am, thank you. [ applause ] >> it is a distinct honor to have all of you here to honor you and our korean war veterans. after reviewing your biographies, i'm humbled and impressed by your many accomplishments over lopth, faithful and distinguished careers. given your critical positions and demanding schedules, i'm very grateful for yo

significant accomplishments of president ford and that it's -- it's really been underreported and underappreciated. the helsinki accords gave everyone who -- who wanted to support freedom for captive people, captive people of eastern and central europe or elsewhere in arab countries, gave them the -- the -- gave them a chance to argue for freedom and human rights and individual freedoms for people because that's some of the things that were contained in the helsinki accords. as i told you when we were touring the exhibits, one of the things that was in the accords though that has been observed by -- by its breach is a provision in the helsinki accord saying borders will only be changed through peaceful means. that was one of the problems we had in the breakup of the former yugoslavia. these countries wanted slovenia, croatia, some of them wanted to declare independence, seize the border posts around them, and i went over to belgrade and i said if you do this, you're going to kick off one heck of a civil war. there were five -- you know, yugoslavia was only kept together by the ashore terrorism and

and i do know that she feels underappreciated as a comedienne.ers some of those truly audacious lines, thinking that there's a laugh line there, but they don't always work that way. >> well, she seemed to believe what she was saying. she was doing it for the shock value. she did it for the shock value. she believed what she said. she stuck to it, as you said in the debate. good for her for sticking to her guns. she's in a debate, though, and you don't really say that stuff ever. >> we raised $18,000 for the kind fund. about 1,000 kids. that's about how many kids in malawi will have desks in school, and those desks will last for years. so thousands and thousands of kids benefited from the fund we had last night at gw. and i just got to tell you. i loved being at gw last night. it was really fun. thanks. thanks for being there last night.

and i do know that she feels underappreciated as a comedienne.s some of those truly audacious lines, thinking that there's a laugh line there, but they don't always work that way. >> well, she seemed to believe what she was saying. she was doing it for the shock value. she did it for the shock value. she believed what she said. she stuck to it, as you said in the debate. good for her for sticking to her guns. she's in a debate, though

which rush limbaugh is being offensive on purpose to make everybody outraged, exposes a big underappreciated and sort of embarrassing fact at the center of all the politics on the issue. which is that i don't think he knows what birth control is. i'll play one little part of it again. try to listen to what he's saying not just for what is offensive but listen to the point. listen. >> ms. fluke have you ever heard of not having sex? have you ever heard of not having sex so often? the women in her law school program are having so much sex they are going broke buying birth control pills. she is having so much sex she can't afford her own birth control pills. apparently four out of every ten co-eds are having so much sex it's hard to make ends meet if they have to pay for their own contraception. >> if you can put aside the fact that mr. limbaugh is being mean, right, remember sometimes people are being mean because the fact that they don't understand something makes them angry. and it makes them act belligerently, i think rush limbaugh doesn't know what birth control is, i think he doesn't unde

>> well, i think that the apple store had been underappreciated for the better half of the last few yearswe're certainly playing a little bit of catch-up here. investors are being rewarded. bill, i think as we move forward there will be three key items i'll be looking at in 2012. that's a successful launch of the iphone 5, continued expansion into markets like china. and a little bit more clarity on capital deployment, most namely the dividend. >> jon, you wonder how much pressure this kind of stock action puts on it. i know the ceo says i don't pay attention to the stock, it takes care of itself. but you have to wonder how much pressure tim cook is under when the stock is doing what it's doing right now. >> yeah, you know, i don't think there's actually that much pressure in this way. we don't understand yet what this new ipad is going to do. a lot of the reviews today are saying that this is an incremental improvement. i actually think that could not be the case. it could be that this is the most important product launch since the iphone 4, in that when you turn this on, you see it is d

i think they are underappreciated and a treat them with respect. host: meridian, mississippi. caller: i have listened to they are just not honest people. we talk about separation of religion and government. but we are constantly depending on tax breaks. they get these tax breaks. my tax dollars go to these mega churches that get all of these tax breaks. republicans say we are not going to raise money on the top 2% of people who make all of this money, but then again they make a big issue on something like contraception? that is just ridiculous. it is not a big issue. our money pays for all these tax breaks and things all the time. if you do not want to take the contraception, don't, but they are part of america. if it is a policy president has put out, they should abide by it. caller: -- guest: in ohio, the president they believe can beat president obama is first on their list. second is the economy and jobs. third is social issues. in a primary, turnout is key, who can turn up the boat. that is why wedge issues become important. if you can push certain buttons, a leak in a pr

there underestimated and underappreciated. >> meridian, mississippi, caller, go ahead.aller: i have listened to all of these guys, like romney and santorum. they're just not honest people. we talk about separation of religion and government, but we are constantly depending on tax breaks. they get these tax breaks. my tax dollars go to these may get churches who get all of these tax breaks. the republicans say they will not raise money on the top 2% of people who make all of this money. but then again, they make a big issue out of something like contraception? that is just ridiculous. it is not a big issue. our money pays for all of these tax breaks all the time. so if you do not want to take contraception, don't. but if it is a policy that has been put out, then they should abide by it. host: when it comes to social issues, what will focus vote on super tuesday? how much does the weight in their decision making? caller guest: the candidates they believe can be president obama is the first candidate on their list. i think that is first, at least here in ohio. secondly, t

just to say i'm actually focusing on perhaps an underappreciated level of growth particularly in industrial production across asia. it looks like growth is rebounding in to the first quarter and that's largely a halo secretary from growth in the united states. which is offsetting weakness in europe. if that can continue, then i do position we will get further assistance on our second quarter earnings. >> this particular market seems to be one of the best performance in more than 20 years. a lot of people are saying the recovery in japan is still very much intact. what's your bet on the japanese equity market in. >> well, i think what's trending is actually concerns and positive views around deflation or inflation. that's been a constant. so to the september that we see this series coming out of deflation and into inflation, and the associated policy support suggested by the boj is leading a much more positive view towards the market. the government is supporting the market. and we've seen some reasonably robust and really quite interesting retail sales numbers in the last few days from japa

i do think you know that inflation is a little bit underappreciated now in europe. i think if you look at the consensus forecast for eurozone inflation for this year it's 1.92%. our forecast is 2.4%. we think the ecb today will be raising its inflation forecast to around 2.3, 2.4. some of those inflation concerns are still going to be apparent as people factor in the impact of the higher oil curve as we go further forward. and -- >> are those inflationary forces deflationary, if you know what i mean? >> yeah, of course that's the way the fed tends to look at things, and you're right. it is going to eat into household real incomes. the only good news you've got here is that other commodity prices are not so strong right now. it is very much, i think, phone cussed in the oil market and that's a positive. at least food price inflation hasn't been rising to the same degree. so when you do the calculations, it looks like your consumption -- >> higher oil prices are going to feed through, just the cost of making the food processing i would imagine. we'll see. take a pause

it's definitely an underappreciated profession. and a very generous thing, to teach.rdia, was to encourage young people and to say, hey, i'm -- i'm -- i'm proof of -- that miracles can happen, really. i'm from queens. i took four trains to school every day. i have nobody in the entertainment industry in my family. i've struggled. i've done largely independent films and it's a remarkable thing. it is kind of truly remarkable that i have managed to surmount all those obstacles and do what i love, but they're all trying to do that. i think that it's great that there are schools that provide programs for -- that encourage and help educate kids to do creative -- pursue creative goals. >> the movie is a very small movie. it's gotten terrific reviews so far. as will cain said, oscar, oscar, oscar, baby. >> that's very kind. >> we hope so for you. it's nice to have you visit with us. >> thank you very much. >>> we have to take a short break. "end point" is next. the best part of any great meal? delicious gourmet gravy. and she agrees. with fancy feast gravy lovers, your cat c

a certain extent the role of the community banks and our financial system has been somewhat underappreciated i think. you know, community banks are generally defined as balanced assets under a billion dollars, and those institutions are over 70,000 come of the 7500 or so insured institutions in the united states come 7,000 or the community banks with assets under a billion, those institutions account for a little over 10% of all the banking assets and they make up a minority of the assets to the system, but they account also for nearly 40% of all the small business lending that all insured institutions do and as you will understand, credit for small business is absolutely essentials to job growth and the performance of the economy as a whole, and the nature of small-business lending, at least a lot of it is quite labor intensive and highly customized. you know, it's the kind of lending that the large institutions generally are not interested in doing any more. they are interested in doing sort of standardized products. the customize lending of small business is really required in these insta

that's kind of what we need to remind ourselves is that, you know, good teachers are really underappreciatedhe responsibility of changing everything. i think education begins in the home. and a lot of what this film spoke to me about was the importance of all of our responsibility in not perpetuating more isolated young people in this world. >> you know the -- what that clip captured is the reality in a lot of schools, a daily reality in a lot of schools each and every day, not that it's all like that. but it's important to show the reality in a lot of schools because just that clip alone will tell people who are living wherever. often the case it's the safest place for a lot of kids each and every day, the classroom, the school. no matter whether they learn anything or not, we hope they do. but it's the safest. >> yeah, because they have metal detectors -- >> exactly. >> that's a terrible reality. and it shouldn't just be a matter of it being a safer place. it really should be conducive of learning and it is very complicated, though. i think, you know, it is -- it's mandatory. so, you know,

. >> and should not be underappreciated. >> of course.nce, though, in what we're saying. obviously you have to recognize the challenges that teachers in schools face. but michelle, also, we need to be very careful not to engage in what jeb bush always called bigotry of low expectations and say this student looks this way, they come from this housing project, therefore we're just going to assume they're not able to learn. because i think we all had a teacher and we can all name a teacher that thought we were better than we were. and that inspired us to reach that high level. >> absolutely. i was with a group of children not too long ago and one of them said something very interesting to me. she said you're out, you're talking on tv all the time. she said if you were to send a message to the american people, what i would want you to say is that it doesn't matter, necessarily, where we come from every day, it matters where we go to. if we come into a school that is welcoming of us, that's interesting, that's engaging, we can achieve at the h