we are way more unequal than we think we are, and what we say wi want to be is radically more equal thandically more equal than we have deluded ourselves into thinking we are. >> based on a survey, they can kept this graph in my book marks in my computer. i think this is amazing. it may also be key to fixing one of the scariest things written about the future of the country. chris has a new book out called "twilight of the elites" and he makes the case that people who are supposed to be good at something in this country are no longer good at stuff. we're calcified that we count on an elite to do everything, but for an important reason, our elite sucks and it's kind of hard to argue with him on that. what elite institution is in good shape in our country if you judge by our recent history. if you judge by the first decade of the century, what chris calls the decade of fail, it starts with the supreme court. the supreme court, an institution that embodies an ideal of elite cogitation, handed to the presidency in a favored choice of a slim, the largest in the country. and then the american

yeah, we have a spectacularly unequal society, a spectacularly calcified elite, but americans don't wantt. they don't want we have now, and if we can figure out a way to get the america we say we do want, chris says that is how we'll freeze ourselves from all our elite institutions being such epic catastrophic failures. interesting, right? joining us now for the interview, my friend and colleague, chris hayes, and the author of the brand new blockbuster "twilight of the elites." congratulations. you did it. >> thank you very much. it's wonderful to be here, wonderful to see you healthy and happy and in the anchor chair again. >> as i start with all -- with guests in situations like this, tell me what i got wrong about your thesis or at least tell me if i got it right, that wanting more equality in the united states is maybe a solution to us sucking so badly at everything we're supposed to be good at. >> i'm so glad that you showed that data because i think we do have a sense, and you hear this on the left a lot, america is unequal because americans like it that way, because americans buy

as the ipo process currently stands, ordinary investorses have unequal access to information and unequal access to the market. we're asking for a level playing field, disclosure and transparency. we believe that the lack of these qualities is what's most troubling about the ipo process right now. i appreciate the opportunity to submit testimony in how ipos affect investors is and would be happy to answer any questions. >> thank you all very much for your excellent testimony, both your written testimony and comments this morning. let me begin with a question for the whole panel. it focuses on the issue of how do we best protect the retail investor, given that the prevailing model, with variations now, because of the jobs act, is a book-building, where managers of the ipo, with -- clients and as -- the theory in order to advance price discovery, conduct all these road shows, et cetera. but as the facebook ipo suggested, some critical information, particularly the very last minute, was available to favorite investors, and not widely disseminated to the public. so i just want your thoughts,

record with warmth and affection our appreciation of your dedicated service to your people and your unequaled of public duty over the years. service and duty, to which you have only recently and movingly rededicate yourself. we celebrate, too, the stewardship of your high office. you have personified continuity and stability while insuring that your role goes. the monarchies is as much a part of our life today as it was 60 years ago. we rejoice in this jubilee, and we give thanks for all it represents. and at the same time, there is gratitude for what you have received your route your brain, because it is here at jubilee that we celebrate his service, too. this is one of the first of many celebrations to be held up and down the land. in the coming weeks, you and the duke will travel widely throughout the kingdom, but today, you have come to parliament, the constitutional heart of the nation, and granted us, and what better way to begin this celebration than here at westminster hall, a hall of kings and queens are almost all millennium. we have seen many historic events, but if you are permane

first step towards being able to rectify the underlying problems of power and privilege that's so unequalanswer your question? >> [inaudible] >> you probably know. sami, the soldier. and one of the possible titles we were tossing around for the book was soldier for peace playing on his last name. it is the soldier. >> jen, i read the book and appreciated it so much. but i have to say at the end, began to be very concerned for sami because i felt so attached to him. so i wonder if you could tell us what is sami doing now? >> so the end of the book -- the bookends at the point where sami is, you know, and i mentioned at beginning of the talk that he really went through a deep deposition when he meant with the end at cease the peace and stagedded so much of his whole life and reputation and was treated in the humility way from the organization -- that was extremely painful and devastated for him. and the end of the book is right in that moment. i hope it ends in a little bit of hopeful possibility. sami today, i wish i could say that everything is wonderful for sami. but he's still strugglin

researchers say more than half of the 9th grade achiefment gap is due to unequal summer activities. >> we want to make sure that children's brains don't get flabby during the summertime. >> reporter: the national learning association said parents should engage children by visiting local libraries or visiting the zoo or when you go to the grocery store, let the child add up the math. all of this is a part of learning. >> summer learning is critical. you think of the cost. most kids lose more than two months of math skills over the summer and low income kids lose more than two months of reading skills as well. >> reporter: once school starts in the fall, samantha won't skip a beat. >> it seems more clear to me. now that i've worked on the reading, it's making more sense in math. >> reporter: in ellicott city, sherrie johnson. >> they said it's important to make sure that summer is a good balance of free discovery, play, lease churp and also learn -- leisure and learning. >>> is your kid taking medicine for adhd. >> plus, you take vitamin d to stay healthy. maybe you should take it to ke

that trend reversed itself after 1979, incomes started growing more unequal.nd really, you've got two trends happening at the same time. one is a skill-based divide between people who went to college and increasingly went to graduate school and those who didn't, and the other divide is between the famous 1% and the other 99%. so you had these two simultaneous trends creating greater income and equality. >> jimmy? >> so we fill things, that period you talked about, '30s and '70s, we made a lot of stuff in this country. we made tube socks, we made tanks, we made it all here, right? >> uh-huh. >> all of a sudden, we don't make any of that stuff anymore here, right? >> true. >> is there a correlation? should we begin to make more here? should the government incentivize international and american corporations to come and build things here, to give people jobs, blah, blah, blah, blah, blah? is there a correlation? >> i think there is a rough correlation. in the book i tried to look at what was unique to the united states with respect to the world economy. there are

and unequal training for a young musical mind. i was 11, and then i was sent to the american boy choir school, a boarding school for singing boys in princeton, new jersey. >> cameron carpenter came here as a young boy. when he first came to the boy choir school, i was up in my office upstairs and i heard someone playing the gershwin "rhapsody in blue." and it was very good and i knew there was no one on the faculty here who played that. i thought there must and new parent, they're playing it. so i ran down the steps and here was this little boy playing "rhapsody in blue" on the piano and just marvelously well. so i knew we had a talented kid coming. >> this was my musical life had really already begun by that point but this was the point at which i came face-to-face with this deep, deep conviction that music was more than just a work or calling, it was an unavoidable addiction and if it were illegal, i would end up in jail. fortunately, i haven't. >> several of the kids have become superb musicians. some are really top singers now

more and more of the achievement gap can be explained by unequal access to summer learning. if you dig into the statistics, it is staggering. option i want to have the board of supervisors thank-you for all the work you are doing for the volunteers for this program. the dedicate a very big portion of their summer to 200 children here in san francisco, and it would not be possible without air how. not everyone is here to recognize. know how much i appreciate, and the board of supervisors appreciates, your work over the summer.

and others' efforts, 25,000 units a permanently affordable housing have been produced, a record unequaled in the united states. in the most expensive housing market in the country, providing such an opportunity is extremely difficult. it takes patience, determination, and wit -- two qualities he had. he was not too good on the patience side. confronted by the philosophy that says we cannot afford health care, public education, and affordable housing for the broad majority of our fellows, both national and state governments have withdrawn their support for affordable housing. currently mayor lee has undertaken a process involving private and public sectors because it will take both to seek to provide the minimum of $50 million a year for that purpose in the city of st. francis. that effort will require a ballot measure or two, patience, determination, and wit. if this opening is merely an homage to his past, my old friend would simply remind us that he never came to these kind of events anyway. but if this ceremony is a demonstration of a commitment to the future of providing many more tho

more and more of the achievement gap can be explained by unequal access to summer learning. if you dig into the statistics, it is staggering. option i want to have the board of supervisors thank-you for all the work you are doing for the volunteers for this program. the dedicate a very big portion of their summer to 200 children here in san francisco, and it would not be possible without air how. not everyone is here to recognize. know how much i appreciate, and the board of supervisors appreciates, your work over the summer. you are welcome to say something if you want to. >> thank you to all the students and everyone working there. it is a great opportunity. supervisor farrell: thank you. president chiu: our final commendation will be provided by supervisor mar. supervisor mar: thank you, president chiu. commending a number of community advocates and organizations today with the support of supervisor cam and david chiu as well. there was a 27-romance in detroit, michigan, who was -- 27-year-old man in detroit, michigan, who was the spark of a movement and helping to build

it's my understanding that mr unequally in his capacity as the then president of serbian progress who party was invited to the congress of united russia party. or his party's sister party in russia who termed it the congress of that political group so that was something which was prearranged before the election results and the whole show was the relevant to mr nicolle each is giving it to a different way so. i would like to. get through with russia they are already excellent relations and i think that there is another. additional room for for improving these relations as a diplomat do you think it's possible as president necklet wishes to be a country with two duals one looking to the east and one into the west well yes i have a lot of examples. with such policies some very good friends with russia for instance bulgaria or creation. are members or are becoming members of the u. i don't see why shouldn't serbia. become a member of the european union provided all the conditional disarm at. the same time keep its relations with major economic partner as russia is anyhow you with russia a

they were both unequal contests, and certainly john wilkes, there's no question in my mind, was a true confederate, but i think this relationship with his brother drove him to a place where he was trying to compete in a fight that he could never win. >> what of the story that junius once threatened andrew jackson's life? >> what of the story that junius brutus booth once threatened the life of president andrew jackson? i've read the letter. people said that junius brutus booth, they wondered if he were insane or simply drunk all the time. l [ laughter ] and opinions differ on this point, but it's certainly clear that he loved his brandy, and a lot of his letters when you read them are scrawled. they're -- they're confused. they're almost impressionistic, and he would often say to theater managers, he'd send ahead, you know, i may not make it there. i'm drinking today. don't announce me until the beast arrives. meaning himself. and so the letter he wrote to andrew jackson talking about a hanging, i think, to me reads like a drunken joke. you know? i don't think it was an actual threat o

the support of the military and the navy for this treaty has been consistent, sustained, and unequal. all the members of the joint chiefs support, advise, and consent. their predecessors, likewise, supported the convention. as it was wrote in the joint letter back in 1988, quote, there are no downsides to this treaty. it contains exes expensive term preserve u.s. maritime superiority. it also has vitally important provisions which guard against the dd dilution of fanavigation freedoms. end of quote. now, the military is not always right. but the overwhelming presumption in the united states senate has been that if military leaders ask us for something to help them do their job, we do our best to provide them with that tool. within the constraints of law and responsible budgeting. articles and statements opposing the convention often avoid mentioning the military's long-standing support for law of the sea. this is because to oppose a convention on national security grounds requires one to say that military leaders who have commanded fleets in times of war and peace and who have devoted

it's much more unequal society than they even realized let alone where they think it should be.ten about this and might know a thing or two about inequality is dr. josephy stiglitz. noble price prize winner. one he shares with al gore as part of a team, and of course the nobel prize in economics. the book "the price of inequality" and he teaches at columbia university. great to have you here. >> nice to be here. >> cenk: we're told by the republicans and conservatives inequality is awesome. if you give all the money to the rich, they are so productive that they raise everybody's standard of living. true or untrue. >> untrue. this is the old fashioned idea of trickle down economics. throw enough money at the top everybody benefits. i wish it were true. we have thrown so much money at the top that if it were true we would all be great. in fact, in recent years the middle has been doing very badly. the middle median income today is the same as it was a decade and a half ago. in terms of wealth, new numbers just coming out this week from the federal reserve shows that the wealth of

and coming up later in the program equal work but unequal pay brains don't match the bank balance inthe united states we explain why for every dollar a man earns a woman gets just seventy seven cents. on just four days into the euro twenty twelve full finals and the atmosphere is certainly hotting up in poland and ukraine and it's not just on the pitch aggressive fans politics threatening to overshadow the championship police polish police have arrested fourteen people involved in a brawl between irish polish and gratian supporters just before the grace island game on sunday it's the latest incident in a string of clashes that has already seen a number of teams warned over their fans behavior over ukraine the fans are not shying away from politics either correspondence here cesky reports. ukraine's capital kiev is joining in with the feast of football that is certainly the year twenty two world football championship with the national side to play a swedish national side here on the monday evening i'll certainly flans fans are flocking into the city with at least twenty five thousand

my second question is, in america today, we have the most unequal distribution of wealth and income of any major country on earth, worse than at any time in our country since before the great depression. we have 400 individuals owning more wealth than the bottom 150 million americans. you've got the top 1% own 40g% of the wealth of america while incredibly enough the bottom 60% own only 2% of the wealth in america. the last report that i've seen in terms of income, not wealth, suggests that in 201093% of all new income from the previous year went to the top 1%. now, my question -- we can talk about economic growth all you want. but to the average person, it doesn't mean a dam thing if all of that new income is going to the top 1%. do you believe that we can see an expanding middle class if we continue to have that kind of growth and inequitable distribution of wealth and income? >> well, i think it's not so much a question of bringing down the top 1% as it is bringing up the lower 99%. the question is how can you strengthen the middle class, how can you make middle-class incomes higher

so i'm against any kind of unequal treatment for businesses or individuals. >> mr. honda, chairman ryan talked about the special interests here in washington and how they will influence things to get their way. often at the expense of ordinary taxpayers. he's absolutely right. but we've now opened up the special interests to win elections by distortions. for example, there's a fantasy that's been circulated that epa wants to regulate farm dust and this was referred to a minute ago. that's just not true. they're not even proposing anything like that, but that example promoted by the special interests is being used to undermine a bill that governor bush's father signed which was the clean air act which called for regulation of arsenic and toxic pollutants from mine and power plants and other industrial facilities that poison kids. kids get their minds destroyed often before they're even born because of exposures to these chemicals. so they take a little example that doesn't exist, blow it up, you don't even know who's paying for the ads, and then they get their way to

of equality that were equivalent to or better than the ties that were created between them in the unequal system of aristocracy. and what we see here is appreciation of the conservative principle which catholic philosophers refer to as subsidiary. instead of a central government superintending local affairs as was the case in france and beginning in that -- than began as tocqueville wrote in his later volume on the french revolution, well before the french revolution with the centralizing impulse of louis xiv, getting rid of local governments and local autonomy, centralizing authority in the king as louis xiv once said, l'etat c'est moi. the state, it's me. i am the government. that much france was centralized before the revolution becomes further centralized by the revolution which abolishes the age of provinces and creates the superintendents are appointed by the central government in paris usually from a list of people as time went and who are educated in certain central universities in paris and in fact, government in france still resembles that model in very many ways. that kind of c

coming up later in the program equal work but unequal pay brains don't match the bank balance in the u.s. we explain why a for every dollar a man earns a woman gets just seventy seven cents. there's been an explosion in the ukrainian city of new proposed petrowski injuring at least eight people reports very to the cause some witnesses say a smoker an aide was thrown aside a tram others suggest gunpowder being carried by a passenger ignited in the heat of the city suffered attacks before at least thirty one people were hurt in a series of explosions in april which police are still investigating ukraine of course is currently co-hosting the euro twenty twelve football championships although there are no games taking place in the near proprietor of sc the tournament got its own problems though. and not just on the pitch with aggressive fans and politics threatening to overshadow the event police in poland have a rest in fourteen people involved in a brawl between polish and croatian supporters just before the croatia are the new game on sunday it's the latest incident in a string of cla

recognized that it was real that the trend had reversed itself and that incomes were becoming more unequal they struggled to figure out what was what was causing the problem and. finally it was really just in the last decade that it started to come into focus what what is causing this this great divergence and what is the well there really i should say there are two there are two inequality trends that are happening at the same time one is the famous one percent versus the ninety nine percent and that's a huge run up in incomes for those at the very top and that was discovered in two thousand and three by thomas piketty and emmanuel so we have a graphic of this if i could just show this and you can comment on it we can pull that since the one nine hundred eighty s. the rich are pulled away we have them there we get this this was one thousand nine hundred seven in one thousand nine hundred eighty three the great compression period and here we have the great divergence and this is the top twenty percent these are quintiles fifths the bottom twenty percent is actually not just flat to lose. i

ask questions of the department of health, because we're trying to get medicaid reform, which is unequal irritation in bipartisan budget buster for all of us in the states. i believe that it should be state driven. i understand the need to have health care reform and utah, we have tried to find ways to in fact improve health care. and we have probably the lowest cost health care with the highest quality in the nation. so whatever we're doing seems to be working pretty well in utah. but nobody even asked us what's your opinion? what do you think you can contribute to the debate? the governors were shut out of this discussion. so i would like to push the reset button, let the states as laboratories of innovation find ways, what i have is a demographic in utah which is a very young population, my median age is 29.2 years of age. you go to governor sandoval in neve ne, he has an older population. we have created an exchange way before it was ever thought about with the affordable care act. we have an exchange in utah that's all privately driven, it introduces defined contribution as opposed

was a less of an equal country than most of europe now we've leaf frog over europe and become more unequal than any other invest industrial advance country and for the american people brought up with the notion of equality of opportunity if you work hard you'll make it it's very hard psychologically as well as practically to cope with the situation as don't ward facing as this one is well it's tougher to because that you know on one hand it's very hard to fall businesses even some of these big corporations for wanting to make more money but what they're going to take i mean one of the i think this is very unlikely but i mean is there any way i mean what if we had a couple c.e.o.'s of major corporations who said you know what i'm going to strive to make one hundred million dollars and after i make one hundred million dollars for my core corporation everything else i make i'm going to reinvest into more jobs you know i have my yachts i have my you know fourteen houses everything i make i'm going to reinvest why aren't there more you know heads of corporations who say i'm going to stop and ke

middle class, do i think the richest people, doing phenomenally well, at a time when we have the most unequal distribution of wealth in the history of america, and the effective tax rates for the rich is the lowest it's been in decades, do i believe that we should cut medicare and medicaid, of course i don't. >> what about fairness and taxes, what about the idea that the top one or five percent pay 40% of the taxes. >> you cannot look at the tax system. if you're earning up of the money, you have to be expected to may more in taxes. if the top 1% pay more than the bottom 50%, what do you think? by the way -- >> 40% of the people pay no income tax. >> they don't have any money to pay. the middle class collapsed and pofty has increased, and they pay federal taxes. they pay gas tax, and fica tax. so sometimes it's not correct. bottom line is, america's richest are doing very well, and the people in poverty are sinking. we need to rebuild our infrastructure, transform or energy system, and create well paying jobs. i'm very disturbed that our republican friends keep balking at a transportation bil

good morning unequaled inspiration. [ male announcer ] the audi a8, chosen by car & driver as the bestrison test. >>> it's time now to clear the air. and it's hard to remember a presidential candidate who seems to be so at war with his own personal and political biography as mitt romney. it took him less than two hours to come out and denounce the supreme court's decision yesterday which upheld health care reform. a reform he first developed and implemented as governor of massachusetts, but now, he treating his own singular achievement as if it's covered in lep rosie. >> what the court did not do on its last day, i will do on my first day if elected president of the united states. and that is i will act to repeal obamacare. >> he says this knowing full well that 98% of people in massachusetts now have health insurance. by far the best rate in the country and public support is as high as ç75%. but despite this obvious success, which was the president who had to mention the fact of mitt romney's commitment to the individual mandate. >> in fact, this idea is enjoyed support from members

she said unequal pay hurts spending. >> this is an issue. mr. president nah not only involves women but our families and economy. >> republicans blocked the bill arguing it would hurt business was more regulations. >>> our continuing election coverage. a race that's being called a possible preview of the november president alley election. >> reporter: the nation is watching this race. they will watching this man. the republican governor of wisconsin. scott walker who is the target of a recall election right now. there are a lot of voters heading to the polls, very heavy turn out. they want to decide if he is going to be recalled and replaced with milwaukee democratic mayor. the two men cast ballots in milwaukee. the recall movement started early last year when the governor took aim at unions stripping most of their collective baring rights. turn out is expected to be very heavy and polls show the race is to close to call. today the governor said he expects turn out will be key. >> one of the most encouraging signs in the numbers people came up t

good morning unequaled inspiration. [ male announcer ] the audi a8, chosen by car & driver as the bestsedan in a recent comparison test. great news! the video call went very very well. asia is on board. too bad you couldn't participate. probably you were worried about overages on that limited data plan you use. perhaps you shouldn't have uploaded so many vacation photos. ooh. ah. ♪ these shorts are for a younger person, wouldn't you say. [ male announcer ] switch to sprint, the only network with truly unlimited data. >>> i'll be back to answer the questions that you had for us this week. but first we honor the men and women who served and sacrificed this week. this week, the pentagon released the names of 13 service men and women killed in afghanistan this week. last season was the gulf's best tourism season in years. in florida we had more suntans... in alabama we had more beautiful blooms... in mississippi we had more good times... in louisiana we had more fun on the water. last season we broke all kinds of records on the gulf. this year we are out to do even better... and now is a g

good morning unequaled inspiration. [ male announcer ] the audi a8, chosen by car & driver as the best in a recent comparison test. holding down the fort while you're out catching a movie. [ growls ] lucky for me, your friends showed up with this awesome bone. hey! you guys are great. and if you got your home insurance where you got your cut rate car insurance, it might not replace all this. [ electricity crackling ] [ gasping ] so get allstate. you could save money and be better protected from mayhem like me. [ dennis ] mayhem is everywhere. so get an allstate agent. are you in good hands? >>> to politics now and dressing for the occasion. politico pointing out the fact that these are the feet of nancy pelosi. she wore her lucky shoes for the health care ruling yesterday. in other words, she could have flown around the earth 33 times. >>> and democrats are celebrating more than just the health care decision. they beat the republicans in the 51st congressional charity baseball game last night. final score, 18-5. >>> and if you read only one thing this morning, check out "the huffington

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