and the strains from europe causing pressure for the united states economy and let me get to the mainry in the uk papers. this is about news corp. and two former editors of the paper being charged. andrew coulson, a former editor of "news of the world "and becky brooks, have been charged after an 18-minute criminal investigation. what's been interesting as to who might have been hacked and brad pitt and angelina jolie are now potentially on the list, which is interesting for u.s. authorities, who might be more interested in chasing an investigation if the hacking potentially happened on u.s. soil. let me send it back to you, willie. >> that story just keeps getting worse as they unravel it. karen tso in our cnbc bureau in london. sherman helmsly, best known for playing the wise-cracking george jefferson on "the jeffersons" died tuesday at his home in el paso, texas. he began his tv run as archie bunker's neighbor in "all in the family." his character was so successful and so popular, helmsly and his tv wife isabelle sanford move up to the east side with their hit show "the jeffersons.

billionaires look around the whole planet is in crisis europe is on the brink of collapse the united states economy is out freak climate change induced weather is becoming more and more common our streets are becoming breeding grounds for social instability and all the while there is this very small cadre of very very wealthy individuals billionaires who are sucking up more and more of the wealth that used to belong to working people just look at these numbers post world war two all income levels in america grew together the lowest income level the twenty percent poorest americans actually grew at a faster rate than the top twenty percent of the wealthiest americans during this time billionaires were few and far between in america as wealth was more evenly distributed but since reagan and since the new mentality was instilled in our culture that greed is good and super rich shouldn't be questioned arac as to sacrifice any more for their nation and income for the top has increased rapidly while income has actually fallen for the bottom americans since one nine hundred eighty the top one percent have

instead of trying to seven taj's presidency and destroy the economy also with an economy in freefall you'd think the united states wouldn't sign on to another insane free trade deal that would do more damage right. what is the trans-pacific partnership and why is our government letting foreign corporations run the us and thanks in large part to billionaires our democracy and political system have become corrupt isn't it time we stop the path of destruction and outlawed billionaires in america and the world. in the best of the rest the news don't tell the tea party about taxes in america are at a thirty year low thanks to president obama looking at the latest numbers from the congressional budget office which were from two thousand and nine the average federal tax rate for all households in the nation was just seventeen point four percent it should be noted the core billionaire mitt romney pays less than that average the low seventeen point four percent rate is well below the thirty year average of twenty one percent and well below what was paid under george w. bush in two thousand and three which was nineteen per

traditionally the southeast economy has been a little more vibrant and resill yent tonight rest of the united states economy, we continue to see that. we continue to see growth in the industrial sector. we haven't seen jobs created, really since about 2007. but recently we're starting to see the jobs come back. so is that a bullish signal. >> susie: if the fed reduces interest rates so they come down much lower, will you hire more? will you expand more in your business over the next year? >> well, the southern company is the only company in the united states building what we call a 21st century generation portfolio. that is we are leading the nation building new nuclear 21st century gas, cole, renewables, we've already committed 20 billion in capital to making that vision come to through skpigs in the process we're creating over a quarter million jobs. my sense is we will stay that path in the future. >> susie: all right, mr. fanning, thank so you much for your time. appreciate your coming on n. b. r.. >> thanks very much. >> susie: "we all must do better." that's what the regulator for the u.s. futures ind

unlike in the united states, emerging economies like brazil, india and china have kept interest ratesapon in their arsenal. they can lower rates if growth continues to slow. >>> thanks to all of you for being part of my program this week. i will see you next week. >>> hello, everyone. i'm fredricka whitfield with a check of our top stories. this hour, roger federer wins a record tying seven men's single title at wimbledon. he beat british player andy murray 3-1 sets. murray was vying to become the first brit to win wimbledon since 1936. >>> hours ago, egypt's newly elected president announced he is overriding a military edict and ordering the return frt country's islamist dominated parliament. the decision may be the first test of the relationship between president mohamed morsi and the country's military. >>> kofi annan, the u.n. arab league peace envoy, arrived in damascus, syria today. he is scheduled to meet with president bashar al assad. it is annan's third trip to syria since violence broke out there 16 months ago. >>> we have new inrm

record a november 17th publication of 2010 and this publication was entitled impact on the united states economy on the successful automaker bankruptcies and this was issued by the center for automated research. so this is an independent validation and in this research which is independent from the gao research that basically says the same thing and the government's actions avoided personal income rosses totaling over $96 billion and and avoided 1.1 million net job losses in 2009 and another 314 thousand in 2010. so mr. bloom. since everybody wantious to answer the des i'll ask you and mr. feldman and mr. wilson, if you'd like to comment, is that correct? do you agree with this number source had it not been for the government intervention, your work for crucial months in 2009, could the country experienced more than a million net job losses and i predict tfsz even more. the impact hit new york state for the suppliers that went out of business that were supplying the auto industry. i wonder, do you agree with the statement from the independent research organization? >> i haven't reviewed the exac

unlike in the united states, emerging economies like brazil, india, and china have kept interest ratesret weapon in their arsenal. they can lower rates if growth continues to slow. >>> thanks to all of you for being part of my program this week. i will see you next week. stay tuned for "reliable sources." >>> it wasn't exactly stunning news, but it was news he had never before publicly acknowledged. when anderson cooper said, yes, i'm gay, he didn't do it in front of the cameras where he makes a living but in an e-mail. "i've always been open and honest about this part of my life with my friends, my family, my colleagues. in a perfect world, i don't think it's anyone else's business. but i do think there is value in standing up and being counted." so is it any of our collective business? and why did the cnn anchor finally feel compelled to come forward? >>> rupert murdoch chides mitt romney on twitter, and his "wall street journal" follows up by slamming the candidate. is the media mogul leading a right-wing revolt against romney? >>> the "politico" reporter who lost his job after maki

. >> and a bell weather of the united states economy. >> reporter: here at walnut creek the general managern't seen these sales in a decade. >> the last big surge was 2001 and people are forgetting it's 2012 and it its been a while since the economy has really supported a big car surge. >> reporter: compared to june -- the sales up 7%,n 't continuing its success. america's gm up over 15%. topping the united states domestic chrysler up 20%. >> years past people would come because of big discount rebate, they are here now because of the cars. >> reporter: a perfect storm much opportunity has come out. >> people -- people capable of buying, credit markets have opened up. >> reporter: had this is no fluke. >> people just don't buy cars unless they feel confident about their job. what it say social security people have reach aid point of feeling like they can trust in the future enough to make a huge investment. >> reporter: and to the buy american attitude is growing. >> they understand the companies provide jobs for americans and there has never been a point in the history where people have be

national center for atmospheric research reporting that heat waves and cold snaps can cause the united states economye or fall 1.7 percent. that, added to $500 billion last year, and our meteorologist is live in the weather center. any sign of relief? >>guest: the short answer is, no, and it could get worse before it gets better. heat advisories up for the southern and central plains. we will feel temperatures "feels like temperatures," outdoors from 105 to 115 not only today but through the work week. this is just going to add fuel to already bad situation. there are the highs: 110 in sol 10. 1307 in oklahoma city, tomorrow is in the better, and 109 in tulsa, and 101 in springfield. tomorrow the high through the work week, temperatures well over 100 degrees. >>shepard: people say it is just another drought but this is a new thing. >>reporter: it is. it could get worse in august. here is the general outlook, 80 percent of the united states is normally drive and 36 percent in severe drought, and the largest area in drought since 1956. just a look ahead at the moisture, half an inch to 1 itch in five d

>>trace: the news begins anew, on "studio b" with the united states economy slumping in another major reform. but not as much as the experts predicted. republicans say this proves the president's policies are not working. we have reaction from both sides a bipartisan group of lawmakers slamming a united nations effort to crackdown on illegal weapons trading. but the u.n. proposal may not affect american laws, anyway. >> the mayors of boston and chicago blast the head of the fast food chain chick-fil-a after he came out against marriage. can politics stop the chain from expanding? that is all ahead unless breaking news changes everything. this is "studio b" right here. >> first from fox at 3:00, new signs the u.s. economy could be stuck in a rut. g.d.p. grew by just 1.5 percent between april and june. it is a smaller increase compared to the first three months of 2012. g.d.p. is the value of all the goods and services the united states produces. it is a key indicator of our country's overall economic health. when the united states is producing less, that could force companies to cut ba

taiwan had that unique opportunity, and that story provides eye opening lessens for the united states. economies tie yaaiwan and singapore skyrocketed in the 1990s. they were joining the ranks of rich countries in no time. >> the health care insurance system was not good at the time. >> a health policy expert at princeton says 41% of taiwan's population had no health insurance in 1995. >> we paid out of pocket. and for the really poor, then you pray a lot. >> so taiwan's government decided to reform its system of care from the ground up. william show, a professor of economics is one of the leading health care gurus. >> we invited experts from all the whole range of countries, so we can throw out the lessons, and their experience for taiwan. >> the panel considered the u.s., it's close's geopolitical ally as a model for health care. they were not impressed. >> can you learn what not to do from the united states rather than learn what to do. >> they also looked at great britain, but the brit's government run system was producing long wait times in the '90s. >> it's not the best or most efficient w

we have to see what happens in europe and the effect it has on the united states' economy. you're right. an increasing unemployment rate would be very bad for him. >> you talk about how for nine months in a row, the president has been ahead of mitt romney in real clear politics polling. what's not resnating? we have jobs that are not doing well, the economy is slowing. what is not resonating as far as the economy for mitt romney? neither candidate seems to have a plan. they say they have plans but mostly its reactions to each other and why the other one is wrong. most respondents in the polls just don't feel either one has a very good answer. >> mitt romney came out today saying my plan is for the government to get out of the way. lower taxes, get rid of regulations and let business do its thing. >> that's right and president obama wants congress to act on his proposals so he wants more government where as mitt romney is saying less government. >> yeah. erin mcpike, good to see you. thank you. >> thank you. >>> more terror arrests in britain ahead of the summer olympics. ye

united states, what's at stake if the u.s. doesn't follow the advice of the i.m.f.? what can happen? >> the united states of america is the largest economic power in the world. it is an open economy it matters a lot to the rest of the world. it's obviously in the interest of the united states' economy but also in the interest of better stability in the world that those downside risks that i mentioned, the fiscal cliff, the debt ceiling, be addressed as cohesively, as cooperatively as possible so that the u.s. economic tepid recovery is turned into something that is much more luke warm and warm. >> woodruff: you've shared this with u.s. policy makers? >> yes, indeed. woodruff: christine lagarde, the managing director of the international monetary fund. thank you very much. >> thank you. >> brown: still to come on the newshour, the power is out and the heat is on; answering questions about health reform; mexico's new leader on drug violence and more; a new twist in relations with pakistan; and remembering the actor andy griffith. but first, the other news of the day. here's hari sreenivasan. >> sreenivasan: the chief executive of barclay's bank resigned today in london amid a growi

that is a huge shock to the economy that will affect the united states in a time when we are weak. the world economy is sluggish and the united states is not quite as sluggish but we are vulnerable to outside shocks. and it puts the pressure on us to right the economic shift at home and so we absorb the issues. >> you say worst come to past. what do you mean as the worst? >> if the worst come to past that iran actually closes the strait of her mos. >> let me disgea with you. (talking all at once.) you did ask him a question and let him answer it. >> if the worst comes to past and they close the her mos that requires that the united states and the european allice go into military intervection to keep the strait open and that. >> i understand. my version of the worst coming to pass is iran getting a nuclear bomb or suband that is the worst coming to pass. but that is their ultimate code. >> wayne, as we get back to the u.s. economy and what does happen in the middle east does affect the united states. even if we get some of the scenarios playing out. you think the economy is strong en

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this bill would have added about a million jobs to the united states economy. 630,000 of those jobs wouldca. but senator mitch mcconnell, the republican leader and the rest of the republicans, gnnah, we don't want to do that. they did what they always do. they filibustered. they killed the bill and blocked the job creation. harry reid told me on my radio show today, he has had enough. >> there's filibustering until we have to change the rules. we can't go on like this anymore. i don't want to get rid of the filibuster, but i have to tell you i want to change the rules and make the filibuster meaningful. >> republicans mounted the highest number of filibusters in history in the senate over the last two years. it looks like they'll break that record again before the november election. let's turn to msnbc political analyst richard wolffe. great to have you with us tonight. reid went on to say if barack obama gets re-elected and of course harry reid is still the majority leader, they're going to do something about this. your thoughts on this. what should -- should republicans take notice of t

american are aware that in terms, as jeff sachs said in a letter to the "financial times," the united states economyg to become number two in the world in 3 1/2 years from now. now the rest of the world is preparing for a new world order slowly, carefully. and americans are not aware that this is happening. and here, unfortunately, the thing that's reverting -- that's keeping the rest of the world quite reverted is the fact that washington is so divided, so polarized at a time when they should be coming together. so everyone's waiting for the elections to be over. then we know, we hope something will come out of washington, d.c. >> mark malloch-brown, you spent time to both sides of the atlantic. how does the united states look to you this july 4th weekend? >> not too bad. not too bad. i think it gets written off very prematurely. i think the extraordinary change in the energy scenario which will make it energy self-sufficient through the discovery of shale, tremendous changes in manufacturing in terms of the contribution of labor costs against intellectual property and transport costs mean that a c

we're all concerned with the united states economy and preserving and enhancing our future financialty as a nation. for generations of americans to come. one of the things we have to do is comprehensive tax reform. now that's probably not going to happen through the end of this year, maybe it will happen in '13. until then, there had been proposals that will i think in a tactical level raise taxes on dividends. what we need to do is this, there's really two simple concepts, number one, let's link together the tax rates between dividends and capital gains. make sure that we have parity in those those important investment options are treated. second is, in order to encourage capital formation, and therefore drive cap exacross the company and growing personal incomes, we need to keep the rates on both dividends and capital gains as low as we can be. >> let me ask you about that. i'd like to get a sense of what your expectation is if in fact dividend taxes go to 43%. i don't think it's a surprise to anybody watching we're not going to get an agreement on pt fiscal cliff issue by the time

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looking at the dow, it is up 190 points and counting despite the united states' economy slowing in thearter amid weak consumer spending and government cuts and a rise from imports from foreign countries and now up 190 points. we will continue to watch the dow for you. >>> in the meantime, people are mopping up and assessing the damage in parts of the northeast today. a series of severe storms swept through communities in new jersey, pennsylvania and new york yesterday. the storms left hundreds of thousands of people without power. a brooklyn man was killed after lightning hit a church causing a scaffold to fall on him. and a falling tree crushed a pennsylvania woman in her car. falling tree crushed a pennsylvania woman in her car. we're tracking this from the cnn weather center. this storm just seemed to sweep in but a very threatening dangerous one. >> absolutely. the biggest threat i'll show you were the wind and hail reports. it was a widespread wind event that kind of barrels through. here is the radar. you can see yesterday at 2:00 in the afternoon. you can detroit through pittsbu

so that's a fight over the economy that mitt romney wins, and the president doesn't want to engage in a fight over the state of the united states economy today. >> you've been in politics long enough to know they would not be doing this if they did not have internal polling telling them it was working. >> charlie, i don't think they have any other card to play. they wouldn't do this if they had success to run on or issues. osama bin laden's death to their credit is their biggest success, and i praise them for it, but that's it. >> the tag line is general motors is alive and osama bin laden is dead. >> and chrysler's been out-sourced to fiat. >> outsourcing as an issue, the president has been on the campaign talking about that. does that connection to bain, notwithstanding the fact that he was in the olympics, do damage, as they define him as someone, and try to define him as someone who's out of touch? >> the whole thing about outsourcing, i get the politics of it, and both president obama and mitt romney can fairly be accused of doing their share of outsourcing. as i've just indicated, president obama sold chrysler on p

>>trace: the news begins anew, on "studio b" with the united states economy slumping in another majorch as the experts predicted. republicans say this proves the president's policies are not working. we have reaction from both sides a bipartisan group of lawmakers slamming a united nations effort to crackdown on illegal weapons trading. but the u.n. proposal may not affect american laws, anyway. >> the mayors of boston and chicago blast the head of the fast food chain chick-fil-a after he came out against marriage. can politics stop the chain from expanding? that is all ahead unless breaking news changes everything. this is "studio b" right here. >> first from fox at 3:00, new signs the u.s. economy could be stuck in a rut. g.d.p. grew by just 1.5 percent between april and june. it is a smaller increase compared to the first three months of 2012. g.d.p. is the value of all the r country's overall economic health. when the united states is producing less, that could force companies to cut back on hiring. the white house pointing out that today's numbers show the economy is still moving

and its story provides eye-opening lessons for the united states. tiger economies in south korea skyrocketed out of poverty in the 1980s and '90s. taiwan was growing at 7% a year, joining the ranks of rich countries in no time. >> the country was getting richer. however, the health care insurance system was not all good at the time. >> so mae chang says 41% had no health insurance. >> we paid out of pocket. for the really poor, you paid a lot. >> so taiwan decided to reform its system of care from the ground up. william chow is one of the world's leading health care gurus. >> we invite experts from all the whole range of countries so we can throw out the lessons and their experience. for taiwan. >> reporter: the panel considered the u.s. its close geopolitical ally as a model for health care. they were not impressed. >> you can learn whatnot to do from the united states rather than learn what to do. >> reporter: they also looked at great britain. but the brit's government-run system was producing long wait times. >> bureaucracy is not the best and the most efficien

the convention will help them create private sector jobs and contribute to the growth of the united states economy. every major motion industry including fishing, telecommunications, oil and natural gas, a drilling contractor should support the united states for the law of the sea treaty. this is not a recent development. ocean industry support the invention has been virtually unanimous going back to 2003 when the foreign relations committee first initiated a process the resulted in unanimous kennedy voted favorably on that occasion. a few years later the foreign relations committee hearing on october 4th, 2007 a business panel testified in favor of the convention. senator menendez and i were present for that powerful testimony. but then as now every major ocean industry backed the convention and appealed for ratification. with good reason americans are intensely interested in the job creation and the face of the economic activity. this is the paramount issue among voters. there are innumerable threats in the united states economy including the phenomenon which we have minimal control such as the

. >> professor, what is so frightening to me when you look at where the united states economy is rights happening at the same time. the first thing we have happening is this long-term debt crisis we have to take care of but the second thing and i think the more vexing problem is the fact, just like you said, we are economically in a long-term slide. go back to 1973, real wages have been declining since 1973 for american males. you look at what happened in 1978, china goes global, globalization explodes. these are not problems that you can talk about fixing on the back of a political bumper sticker, are they? >> they are not. and they range from the skill problems that we have. we have millions of jobs in america that cannot be filled because we don't have the skill level available. we have a corporate and tax system that is funt fundly -- we confronting an international raiding system that challenges some of his -- and yet while other countries are racing ahead, improving infrastructure, simplifying regulation, impliifying the legal system and driving the economies, we're just not doin

three ten year periods those are the only three decades in the entire history of the united states when our economy grew more than three point two percent per decade in other words it was just spectacular growth the middle class got really strong rich guy rich but they didn't get massively richer and the poor got lifted into the middle class what was going on during those times during taxes corporations were paid about thirty five percent of the total tax load and the top tax rate on millionaires and billionaires was ninety percent now corporations are only paying about seven percent and the top tax rate on millionaires and billionaires like mitt romney is fifteen percent so i think you can kind of figure it out for yourself and see if your take my take that if you like your comments and questions here in this segment a big picture listen up we want to know your to send us your comments by visiting the tom hartman facebook page by a twitter at tom underscore her or in the chat room on the message boards or through the blog at thom hartmann dot com you can also leave a message on our rant line at by

meanwhile over in the united states a weak economy has thousands struggling to keep their homes later this hour on our max kaiser looks at wall street's role in the country's ongoing mortgage crisis. so after seizing the mortgage condemning it and seizing it the city then they claim will pay a fair market value to the owner of the mortgage which in the most cases is the securitization trust which were already these are all filled with fraud already so they're going to seize these hard to let. the sue pass the cherokee and ask any of these tribes are still waiting for the land that the us government promised the one hundred fifty years ago we got through to you we'll go call mother they probably gave it to him now it's completely destroyed you know they're not going to make good on the stuff they're just getting the last bit of the couch they possibly can of the pockets out of the couches sitting behind the course of these people's houses you've got wall street small doesn't know the vacuum cleaner trying to suck out that last nickel i was asked to go. and you can watch the cars are bo