these are unintended consequences of where we are today.hese are the, it's a very great system of capitalism and the tremendous burden being placed on the average working person to comply with the requirements that corporations make on us, right, councilman? thank you. [laughter] >> okay, great, thank you for that. complexity can create hardship first for people who are interacting with the private sector and, second, people who are interacting with the government. and you're drawing attention to the private sector, completely right. so the book's subtitle is "the future of government," but the message is much broader than that. insofar as we're talking about the private sector, we have one kind of institution on our side which is the free market. and so if companies are making it a nightmare to interact with them, other things being equal, that's going to hurt them in the marketplace. and what needs to happen is for market forces to work combined with company ingenuity and ahead of the curveness to produce greater simplification. and if yo

unintended consequences that may not, but in a cost-benefit analysis because it's a dynamic behavior response to it. is there any attempt to extend those analyses to get some of the more dynamic aspects, which predict. >> there are two things. here's how the cost benefit analysis goes than it seems kind of drive, but i confess i'm excited about it because it's a way of making sure people's lives are saved if it's a lifesaving rule or economic effects are not that it is a costly rule or if they aren't good, economic social effects that are really good. so the way it works is before he wrote his issued its expensive, it is reviewed by what used to be my office, which is to say numerous people who are specialists. the rule in the area of highway safety and there's some thought it's going to reduce highway safety through one of the unintended consequences. there a lot of people scrutinizing it and include it with the federal government the council of economic advisers are terrific. a lot of people at the department of transportation is very strong specialists. the national economic counc

basically lucky bag involves police leaving a bag filled with valuables such as an i pad or cash unintended in a public place then when someone picks up the bag up the police one up on them and arrest them for not turning in last good if that's some colossally stupid it's because it is for a few reasons first it completely undermines the actual smart practice of the encouraging people to say something if they see something if people see an unintended bag hanging out in new york city they should say something to someone and fast but if people think they could be arrested for touching an unintended bag to see if maybe it's just something lost versus oh i don't know a bomb they're going to be more apt to just look the other way not deal with it and mind their own business. second is kind of against the law the law clearly states that people have ten days to return lost property with a value of more than ten dollars to its owner or the police department civil liberty attorneys warned that people caught in the lucky bag sting would have a good case to pursue lawsuits for false arrest and that's

penney's has responded to the comparisons on twitter saying certainly unintended. we would have gone with a snowman. >>> how about a tall, cool shaq to quench that massive thirst? the arizona beverage company is out with a variety of cream-flavored drinks they're calling soda shaq. >>> coming up, your sports highlights including a top college prospect who raps his way into michigan's heart. >>> country music superstar blake shelton is warming up for one of the biggest events to hit the midwest and he's bringing a whole slew of friends with him. you're watching "early today." >>> tonight oklahoma native blake shelton headlines "healing in the heartland," a concert to benefit those from the devastating tornado. he'll be joined by miranda lambert, rascal flatts, and vince gill, reba mcentire and his cohost on "the voice," usher will also perform. you can watch tonight's benefit concert live from oklahoma city beginning at 9:00/8:00 central right here on this nbc station. >>> in sports, first up, the nhl playoffs. in game seven, justin williams of los angeles scored tw

they cannot examine whether the genetically modified crops lead to unintended environmental side effects at the university of con in france stuck to sarah leni could not abide the legal secrecy and began an independent investigation of the safety claims made by months on top we asked what other test that's out there on to demonstrate that eight of the round a pretty or good run of produce so it out as what that means eight of the every side or g.m. so what say it profit. sarah leni and his team sued monsanto to get the raw data from tests the company had conducted on some of its genetically engineered corn after three years of litigation meant santo was forced to hand over their own results we were horrified because we discovered that they are only distant for a few months for the g.m. saw it on my models and that the analysis of the mammals out even kept secret don't compete until by the companies sarah leni spent six months analyzing that data independently of government or industry intervention what he found was that all three g. m o's approved for food and feed were unsafe he publish

>> you don't think about the unintended consequences. at the university of pennsylvania studied and noticed the hospital emissions from victory related illnesses went up 25% after the ban. john: in san francisco more people got sick from food poisoning because people used reusle bags. >> these bags harbor disease that is possible people died because of a silly band. john: another unintended consequence, store owners say a increase in shoplifting of people coming in. it means well. but there are unintended consequences and these politicians are arrogant and we should have limited government. thank you, angela,orking for the competitive enterprise institute, which understands that. up next, climate change. >> this is a huge, huge planetary crisis, we have to transform our energy system away from fossil fuel. it is not even a question. john: it is not even a question? then i am ready. but am i just falling for more green tyranny? green tyranny? when we but wean still help you seeyo. with the fidelity guided portfolio summary, you choose whi

saying unintended, if we designed it to look like something, we would've gone with a snowman.ertainly friendlier. >>> how about a tall, cool shaq to quench that massive thirst? the arizona beverage company is out with a variety of cream flavored drinks they're calling soda shaq. we hope he's getting a check for that. >>> coming up, sports highlights include a top college prospect who wraps his way into michigan's heart. >>> and country music superstar blake shelton is warming up for one of the biggest events to hit the midwest and he's bringing a whole bunch of his friends with him. you're watching "first look" on msnbc. but i'll tell you what impresses me. a talking train. this ge locomotive can tell you exactly where it is, what it's carrying, while using less fuel. delivering whatever the world needs, when it needs it. ♪ after all, what's the point of talking if you don't have something important to say? ♪ if you don't have something important to say? i've always kept my eye on her... but with so much health care noise, i didn't always watch out for myself. with unitedhealt

he said well-intentioned but the unintended consequences are really the detail here. another thing he talked about was the level of risk aversion in the investment business and in american business generally. let's listen to what he said there, and i want to get your reaction to that, as well. >> people are nervous about taking risks. it's a huge consequence and fallout with getting things wrong. nobody agrees on the price of anything. we have a situation where debt is very cheap. and yet nobody is borrowing to invest in their own businesses. given where you can borrow debt, does that mean people think they can't get a return out of their own businesses? higher than their cost of funding and their cost of money? it seems unlikely, but that's where we are today. >> i think what he was really driving at in part there was the idea that the financial crisis had left such deep scars that the cost of getting something wrong was so intense that there's a risk aversion that is lingering even today. is that how you see it? >> well, i think that's true. i mean, the financial cr

gwen: let's talk about some of the unintended consequences of this week. one of them is that the tea party which we had not heard much of for a long time is roaring back. >> back in a big way, absolutely. it becomes a fundraising tool for them again. it reminds people that they existed. they're relevant again. and it requires now the republicans in congress and also frankly the national party appear ratus to stand up for them -- appear ratus to stand up for them. >> a potential problem for republicans. the republicans' problem as we saw in the last election is not that their base is not whipped up enough with antagonism toward president obama and democrats. their problem is that their base is not wide enough. and the question is, do any of the activities that are going on this week and what flows from them widen their base? could the i.r.s. be a story that helps them depending on what comes out? possibly. >> you know now it helps? you're heading into a mid-term election. lots of these republicans, including the republican leader mitch america connell, were

what you will find, you mentioned unintended consequences the unintended consequences come in, the jbb market might run into issues as well because right now it has been so easy for japan to fund their debt. once rates continue to rise, if they get to the 2% target they're looking for that will put a lot of pressure on jgbs and a put a lot of pressure to be able to fund their debt. david: the interesting thing usually when the dollar gains strength in recent terms we've seen the stock market come down. that didn't happen today. we ended the day with a little bit of a rally. kevin, it leads me to look at a year long chart. what has happened here. kevin is not here. go to mark sebastion on this? what happens when you look at a year long chart for the s&p or the dow, you see this extraordinary run-up. are we at the end of that run-up, or the middle or perhaps some, even the beginning. we're saying just at the beginning of the run-up? >> i wouldn't, i say we're middle endish of the run-up. i do think we're heading toward a break. you know, if you look at volatility and look at stock market

they are also unintended consequences, which must be properly assessed before any actions are taken.as a line before. there was nothing different yesterday. >> so we leave britislava with more awareness of the policy. the door is effectively open here. but as far as that issue of negative rates on the deposit rate is concerned, a work in progress and the market will have to make its own judgments here. kelly, ross, let us send it back to you from bratislava. >> all right. that's a wrap. thanks very much, julia and geoff there for us. let's take a look at markets and see how they're balancing what's happening with the can he cb ahead of the jobs report today. u.s. futures point a little lower. we're about to shed about 18 points at the open. nasdaq and s&p pointed a little bit of a lower start i should say. we had an ugly day yesterday. urman equity markets, up slightly except the ftse mib down slightly. >> u.s. markets did manage to beat the streets with suggested results. find out why the company's ceo is still bullish. ♪ ♪ the new blackberry z10 with blackberry hub and flick typing

there might be unintended consequences.w left to go to brussels to go to a meeting. just picking up on that. i hate to over interpret what he said. so where are we? do we know where we stand now with the meeting? are they singing off the same hymn sheet? >> i think we have to be careful. he suggested the economy can take a lower deposit rate. we know it's continuing. we know they acknowledge that there will be unintended consequences but he also suggested not only are they recognizing the unintended consequences but they do know how to deal with them. the economy can withstand it, that's one of the huge questions. that's what one of the further questions is. they know how to deal with it. that opens the door to the possibility, again, when we spoke to the central bank governor of aus stree yeah after the ecb meeting. he said the market has overreacted. yet, again, remember he did say this was his personal opinion of course. i do think it's interesting to hear that at least one member of the governing council thinks that the

borrow money from the fed it's zero percent interest rate so here it once again the zero this is an unintended consequence or intended consequence of zero percent interest rate that gives companies a way to buy back their own stock for free because they borrow money from the frett fed for free not fred but the fed for free then they buy their own stock they jack the price up but of course the executives have options tied to stock price they cash out the options they pay themselves millions and millions of dollars of the bonuses and salaries and a lot of times people say oh look i'm only taking a dollar in salary but i have a five million or ten million or twenty million in bonuses tied the stock price i'm going to go buy back our old stock trader. the bonuses i pay most of all make fifty million dollars a week or oh i guess because i'm so smart i'm not i'm gaming the system or the fed is corrupt or the bomb is corrupt or the whole thing is corrupt none of that's the reason is because they are so smart they're looking in the mirror and they see the reflection of themselves it looks great now th

they sell the most cars and if you recall aew years back had a little probm with unintended accelerationmplaints and still to this day at think you see some of those hors being a little bit more vigilant and vocal about writing and saying what is wrong wit their car. gerri: iant to drill down to some of the models year that really get a lf complaint jeep wrangr,ig complaints. why? >> well, if you look at the naturef the jeep wrangler vehicle, it is sething that goes off-road, supposedly. something that h a top that is a little dferent than most. and, often is quite flexible. can be prone to more problems than, say, someone who is drrving you basic midsized sedan. gerri: right. so the shopping center in back. for fusion. why? >> well, at the end of last year. so i think it would be e that we will probably see go off the mplete list of what it' like a lot of new vehicles, they hav technology and things that people are not familiar with sometimes when you're unfamiliar with sething, you tend to think it is not working right and it results in the complaint. rri: to be fair, this is not just

a policy that isn't comprehensive, across technology and across devices produces unintended consequence. so to close, the future has never been brighter or safer. we stand ready to work with this committee to maximize innovation and to save lives, and we thank you for the opportunity to testify. >> thank you, sir. now mr. jeffrey owens. >> thank you chairman rockefeller, ranking member thune, and members of the commit on science commerce and transportation. as chief technology officer i'm responsible for delphi's innovation strategies as well as research and develop focused on staying green and connected. as a leading global supplier of electronics and technologies for automotive, commercial vehicle and other market segments, delphi invest $1.6 billion annually in the global r&d initiatives and we will about 5000 people in the united states. if i could leave you with one message today, it would be this. the 11,000 lives could be saved annually without a technology mandate, without a broad new program and without regulatory requirements. every 30 seconds there's a vehicle related deaths

gerri: unintended consequences is amazing. thank you for coming to explain.e for a look of the stories on fox business., and wall street flat as investors took a breather after the record highs last week. stronger than expected retail sales kept the decline in jack. united continental says budge reminder could be back on schedule as early as next week. boeing is continuing to work to make sure it needs new aviation standards after the faa grounded the fleet after to battery fires. the editor in chief of bloomberg news apologizing for after journalist had access to private data on clients through the terminals for tr. of federal reserve is also investigating and the first report declares the city is broken negative risk of completely running out of money. that employees don't get paid and losing pensions and municipal services would be cut. they say they have enough to last through the end of the year but then bankruptcy is the on the option. those are some of the hot stories right now on fox business stock. we have more coming our panel tells you how to inves

you may be right i understand your thinking but kelly it doesn't work out that well does it the unintended consequences is what i'm. getting at no i'm yeah i mean if you don't mind just going back to iraq you know and i kind of wanted to answer this before but you know the fact that we we have left that country so unstable and if they're the if if if things really blow up in syria and it looks like it's going that way we there's already masses of refugees coming back into iraq from syria because remember there's three million refugees iraqi refugees from our war that have gone into syria and jordan lebanon and other places now they're being forced to come back the ones from syria so we have an unstable situation where there's lack of food education and health care and iraq we have add more refugees to that plus the instability of the sectarian violence where you have the sunni al-qaeda in iraq joint making alliances in syria creating all sorts of of violent opportunities there we have not left a country that is able to take care of itself in libya is a good answer and it's libya little lib

you may be right i understand your thinking but kelly it doesn't work out that well does it the unintended consequences is what i'm. getting at no i'm yeah i mean if you don't mind just going back to iraq you know and i kind of wanted to answer this before but you know the fact that we we have left that country so unstable and if the if if if things really blow up in syria and it looks like it's going that way we there's already masses of refugees coming back into iraq from syria because remember there's three million refugees iraqi refugees from our war that have gone into syria and jordan lebanon and other places now they're being forced to come back the ones from syria so we have an unstable situation where there's lack of food education and health care and iraq we have add more refugees to that plus the instability of the sectarian violence where you have the sunni al-qaeda in iraq joint making alliances in syria creating all sorts of of violent opportunities there we have not left a country that is able to take care of itself and libya is a good example is libya little libya is a good

all these issues remind us that the choices we make about war can impact -- in sometimes unintended ways -- the openness and freedom on which our way of life depends. and that is why i intend to engage congress about the existing authorization to use military force, or aumf, to determine how we can continue to fight terrorists without keeping america on a perpetual war-time footing. the aumf is now nearly twelve years old. the afghan war is coming to an end. core al qaeda is a shell of its former self. groups like aqap must be dealt with, but in the years to come, not every collection of thugs that labels themselves al qaeda will pose a credible threat to the united states. unless we discipline our thinking and our actions, we may be drawn into more wars we don't need to fight, or continue to grant presidents unbound powers more suited for traditional armed conflicts between nation states. so i look forward to engaging congress and the american people in efforts to refine, and ultimately repeal, the aumf's mandate. and i will not sign laws designed to expand this mandate further. our sys

in fact when we had the so-called sudden unintended stop crisis. the other country -- companies the work was quite good, i thought. the resolve was good. people changed habits. they have culture of safety of a different sort of the developed. i'm not optimistic about the automobile industry. i want to to be certain. and i've kept you all too long. dr. lee, you look like you need to say something. [laughter] >> i don't know whether i need to say it but i will. i come from a different perspective so weigh it accordingly and you may want to discount it entirely. i think one of the thing we see in automatic industry is a dramatic change. because computers underlie things clang is occurring in a exponential rate. and we project as people we project change linearly. we are thinking in ten years the smart cars will be ten times better but in fact in fifteen years they'll be a thousand times better. different than we might expect. i think change is happening extremely quickly. and this is a very different environment than they grew up in. cars turned over

here are also consequences and unintended consequences that come from inaction. so we continue to dwell very seriously on what happened. and when, and all the other questions that must be asked by a responsible leader. and i think the president has always seen whether it's syria or any other international matter or any matter, a president has responsibility for, and certainly i had some responsibility for the options i give him through the defense department and whatever advice he asks for from me. and i take that seriously. then we know what we are talking about and that we are dealing with the facts and that may not be a good enough answer or a good answer. but right now that's the most honest answer i can give you. >> thank you. can't ask for anything more than the most honest answer. thank you. >> i just want to ask one question about iran. i think everyone was quite pleased to hear you restate american policy on iran that you and the president have stated on many occasions about the need to prevent iran from obtain agnew clear weapon, and we have been workin

now all these issues remind us that the choices we make about war can impact and sometimes unintended ways. the openness and freedom on which our way of life depends. that's why i intend to engage congress about the existing authorization to use military force to determine how we can continue to fight terrorism without keeping america on a perpetual war time footing. the aumf is now nearly 12 years old. the afghan war is coming to an he said. al qaeda is a shell of itself. groups must be dealt with but in the years to come not every collection of thugs that labels themselves al qaeda will pose a credible threat to the united states. unless we discipline our thinking, our definition, our actions, we may be drawn into more wars we don't need to fight. or continue to grant presidents powers more suited for traditional armed powers between nation states. i look forward to engaging congress and the american people in efforts to refine and ultimately repeal the aumf's mandate. and i will not sign laws designed to expand this mandate further. our systematic efforts to dismantle terrorist org

doing fin and i'd like to reiterate some of the things the consequences of something like that are unintended i don't think they can be there's no way to know what's going to be happening. and t and t and the implementation and then we'll look at the other part we need a comprehensive plan. i haven't seen any way to back out of something when can you say uncle it handbag has to be right mr. reiskin. i'll leave this alone >> thank you very much. >> i am a resident of the hill i'm a homeowner which menus i'm a significant property taxpayer. in the city and i was here at the 70 mta meeting with the subject of the parking meters was 75 to one and extended meters is a sunday issue that is terrible. i'd agree against more meters. if you wanted a destroy the b business just do the meters past 10 o'clock >> you should keep things as they are but be reporter full of the homeowners. this is a driving town but let's not forget who butters your bread and that's the folks of this town and putting parking meters everywhere is a bad idea >> thank you very much. >> i'm rubin i'm a 70 native of district 7 out

invasions of these territories lead us to be viewed as occupying armies unleashed a torrent of unintended consequences are difficult to contain result in large numbers of civilian casualties and ultimately empower those who thrive on violent conflict so it is false to assert that putting boots on the ground is less likely to result in civilian deaths or less likely to create enemies in the muslim world the results would be more u.s. deaths more blackouts down more confrontations with local populations and an inevitable mission creep in support of such raids they could easily escalate in the new wars yes the conflict with al qaeda like all armed conflict invites tragedy but by narrowly targeting our action against those who want to kill us and not the people they hide among we are choosing the course of action least likely to result in the loss of innocent life our efforts must be measured against the history of putting american troops in distant lands among hostile populations. in vietnam hundreds of thousands of civilians died in a war where the boundaries of battle were blurred in iraq