the other feature about the united states economy is flexible to part. what this means is that there is loss of restructuring that is going on in united states economy as a result of all the small to leak and the u.s. has been quite flexible and fluid and terms of being able to move workers to do other kinds of productive uses. the fluidity has actually helped. it is not just is is is that are experimenting. work is himself experiment. a key way that workers build their careers as shop hopping. we know that, practically young workers, the way that they find the rhine match and labor market is not just on the high-end. they find lifetime careers through lots of job hopping. it should cause some concern that we see now in the data several indicators of dynamism and fluidity down, especially since 2000. some of this has been going on before that, but especially in 2000, things have is excel rated. we have seen a decline in entrepreneurship. that predates 2000. in key sectors like the tech sector, it is rising and it is followed. some say it is the.com bubble

that will ripple through the united states economy. >> nasa's other aerial mission is taking flight above the sierra nevada mountain, a vital source of california's water supply. the news isn't good. less snow in the winter means less water in the spring and summer. according to the california department of water resources, the snow pack is at its lowest levels since 1988. >> tell me, why is snow important? >> snow is really a critical resource. >> tom painter is a snow scientist and director of snow optics lab. >> we are focused on understands the?"-water equivalent. >> how do you measure that? >> we developed the air snow observatory, the combination of a speck from at her to measure sunlight being absorbed by the snow pack and a scanning high frequent wednesday laser pointer that measures snow depth. the instruments look out this hole in the belly of the plane. the snow pack is a reservoir of water. it snows up there, stays up there until the spring, which is about the time that we're using it for agriculture, for municipal use, so there's this nice handoff of water so water can come o

united states. as china slows the united states is the one economy that is actually recovering. it is one thing to speak receipt or click against united states. it is quite another to establish an economic relationship and build that relationship for mutual benefit. even venezuela which as if you listen to the government pronouncements despises the united states, is selling more oil and petroleum products to the united states than anywhere else. there's some irony there. but the other countries of the world really have to see whether there are priorities and see if they can pursue that in the context of the summits. >> there is a u.s. lack of respect, sell say and what can the u.s. do to move forward and ease that mistrust? >> look, i think my good friend eric will agree the obama unlike many of his predecessors has done just about everything anybody could ask for in terms of so-called respect for latin american nationalism and old fashioned antiimperialism. including cutting a deal with cuba which as your correspondent said before, is looking more and more difficult. everybody e

it's only a small fraction of businesses that make it, so again, a striking feature of the united states economy, we have the surge in good times, surge of entrepreneur shim and ship. the flexibility part. well, what this means is that there's lots of restructuring going on in the united states economy as a result of this. and the u.s. has been quite flexable and fluid in terms of being able to move workers to other kinds of productivity uses. and the fluidity has helped, we've got to remember, it's not just businesses expermenting. workers themselves. a key way workers build their careers is yob hopping. we know particularly young workers, the way they find the right match, it's not just at the high-end, it's all over the place. where earnings go up and where again, they find good, lifetime careers is through lots of job hopping. so, it showed at least cause us concern that we see now in the data, several indicators i'll say of drk ynamism and fluidity down, especially since 2000. some have been going on before that. but it's especially since 2000. we've seen a decline in entrepreneurship. actu

california is like a to 10 of the states and 16 of the united states economy. >> at this event, support for legalization is an easy find but for the first time opinions of the people here are outlined with the majority of californians. >> i feel that if we are not bothering the public why should we be back from doing this? >> some legalization advocates wanted to push for a ballot measure in 2014 but old efforts, setting their eyes on next year when more young people are expected to vote because of the presidential election. >>> a san jose priest facing bank fraud and tax evasion charges according to the san francisco chronicle all, wen sole authority to the catholic center between 2005 and 2008 allegedly depositing $19,000 worth of donation checks into his personal account. officials say he failed to defend more than $1 million in income to the irs. wen worked for the archdiocese of san jose for more than 20 years. >>> san jose airport increasing security after five breaches in the past year. the airport is installing a higher fence around its perimeter. the new fence is 10 feet tall w

many american kids growing up in poverty there are i am politician kayes not only for the united states economy but for social cohesion and the quality of american democracy. >> horace man was the secretary of education in massachusetts in the middle of the 19th century and he talked about education is the great equalizer. by that he meant that public schools should be places where children across social class would come together in a common setting to learn together to learn from one another in a way that would promote greater equality. it would advance democracy in that sense. >> today, as income inequality increases, that goal is slipping out of america's grasp. rob reynolds al jazeera, los angeles. >> in china, car lovers are gathering for the 16th shanghai motor show. china is the world's biggest auto market but demand for new cars is falling. salz for 2014 are set to rise by only 8%. this is almost half of what it was two years ago. foreign car makers are set to unveil new products at this week's shanghai show. this is despite the slowdown. it's estimated that china invested close to $13,

united states. this is showmanship. it's a political stunt. it's not helpful, and a restraining position i think, could be helpful. brazil is the largest economy in latin america, and between the united states and brazil. there's a huge amount of work to be done in terms of cooperation on energy agriculture as the w.t.o. or other at the g20. it's an opportunity for both countries to move forward in support of democracy and open market economies. i think you noted accurately that the president of brazil faces domestic troubles there's corruption issues a slowing economy and the weather is working against brazil. it's understand going a drought, which affects the electricity production. a lot of that comes from hydro-power. there's a domestic issue that the president has to work through. what does she want to do at the summit in panama. probably she wants to go meet return to brazil. i imagine she won't take a high profile, consistent with the brazilian approach. >> you have 15 seconds, but what will make the summit a success. quickly? >> it won't be a success, the handshake is important. coping nicolas maduro quiet. having obama not taken on as

immigration, plus the weakness of europe and asia i think that all spells great trouble for the united states economy. >> the american economy is driven by small business. and there's nothing basically to create incentives for small businesses. we've done no tax reforms, the highest taxed group in the country. corporations can go anywhere they want and do whatever they want. small businesses have to stay -- >> that's why we've got to cut our corporate tax. >> not to mention the expenses around obamacare, which certainly dictates what smiball business -- >> if we could just get the government out of the way, we're really prepped for a boom. there's a reason the stock market is at an all-time high. >> let's not forget the federal reserve. we'll see what janet yellin has to say about rates on wednesday. we'll take a short break, and then the one thing to watch in the week ahead on "sunday morning futures." back in a moment. >>> we're back with our panel, with the one thing to watch in the upcoming week. judy miller what are you watching? >> i'm watching to see whether or not the hill gate story or found

what this means is there's lots of restructuring going on in the united states economy as a result ofnot the businesses experimenting. a key way workers build their careers is job hopping. particularly young workers the way they find the market all over the place is a fine good lifetime careers is through lots of job hopping. it should at least cause us concern that we see now in the data several indicators of dynamism, especially since 2000. some of these have been going on before that but especially in 2000. we've seen a decline in knowledge premiership. that predates 2000. putting key fact there's it was actually rising 2000 minutes following. was that the.com bubble? it was actually rising through the 1990s and the high sector. in a mountain peak where everybody was starting. it came down and it was lower than it was in 1995. >> it's been on the upswing since 2005 click >> it continues to decline. >> how can that be true classics i'm honestly puzzled. >> so so when i talk about it much for newer i'm talking about a new business that hires at least one worker. so what i've been doi

. >>> the united states economy is showing signs of sluggishness. a new report today showed a big drop in the number of jobs created last month. now trying to figure out whether it's a fluke or trend. we'll have more at 11:00 eastern, 8:00 pacific. coming up millions of chinese christians trying to spread a message of love despite the danger of persecution in communist china. and the controversial over a looming ban over circus animals in mexico. in mexico. >> today marks good friday, one of the holiest days on the christian calendar. pope francis commemorated the final hours of jesus's life with two services. for the victims of war who said they carried the cross of suffering as christ did. thousands of pilgrims flocked to jerusalem to mark the crucifixion of jesus. they walked on the way of sorrows, the path believed to have been taken by christ on his way to the cross. in atheist communist china the government tolerates some religions practice while persecuting others. as adrian brown reports in our off the record segment that is reflected by a b

it could mean huge changes for the iranian economy and could help the united states economy if the nationn for business. gerri willis is here. what do the sanks cost them? it's a,u lot. >> their economy is 15 to 20% smaller than it would have been had they not had the sanctions. it's a $420 billion economy. you said it was popular. 77 million people. they probably had their oil business cut in half because of this, and we can expect if these sanks come off, they'll grow by two to five percent and then after that seven to eight. this is a big economy, very northern region. >> american businesses many very interested in getting in there how soon could that haye happen? >> boeing is already there but they're not selling planes. they're selling maps. apple wants to sell cell tones over there, and apparently there are fake stores selling fake iphones. all the companies want to be there. it's a marketer's 42% of the population is under the age of 25. so, people who are say, 18, they buy everything. they don't care. >> the millenials in the iranian culture, very pro western all wrapped up in our

and we're 1/6 of the united states economy. >> reporter: at this 4/20 event, support for legalization is an easy find. for the first time, the opinions of the people here are in line with a majority of californians. >> i feel like if we're not bothering the public, why should we be banned from doing it? >> reporter: there were multiple efforts to put the legalization question on the ballot in 2014. they backed off, eyeing the presidential election when there will be more young voters going to the polls. >> ken pritchett, in san francisco tonight. thank you. >>> law enforcement officers in california may soon have a new tool to get drugged drivers off the roads. the dds2 tests the driver's saliva, and within minutes shows if there are drugs within their system. a bill would allow all state law enforcement agencies to use that device. >> very, very disheartening when you go into the home of someone to share with them, the absolute worst news possible that their loved one has been stolen because of this decision making. when you experience that, it changes you. it changes your perspectiv

in virginia, we can say that virginia is probably a microcosm of the united states economy.ort begun $35 billion a year in products, and it's evenly split between services and manufactured goods, and i would say to your question it's -- it's education, it's technology, it's talent. we used to be the numbery producing county in virginia. >> yeah. >> 50 years ago. >> by far the largest piece of the economy. >> and that knowledge-based economy that debbie talk about is so critical, but it's an international economy. we do it, and anyone who works in business here would tell you that. >> but one thing that i think is important to point out, chris, is there is this notion that somehow high-end knowledge workers, they benefit from trade. >> is that true? >> the average joe doesn't. what is true is that every worker is going to need some skills. that doesn't have to do with trade that. has to do with the nature of the economy because even if there's no trade, you know, machines are going to displace routine work over time, and we've got to make sure that all our workers are engaged

economy and that is better measured by per-capita income. per-capita income, the chinese are only 20% of the united states. even when they pass us overall in terms of total size of the economy they won't be anywhere near us in per-capita. you can say what does that mean sophistication of an economy? one illustration of it is to think of the thing that most of us carry in our pockets this thing to say what's did we pay for this? the cost is probably about $700 here for the iphone and then you say where is it made? well, made in china and then you say albright how much of the $750 as china get? the components are probably for malaysia and taiwan and elsewhere. the royalties for design are american. marketing is american. it turns out china gets only a few% so we imported product that trade statistics show this is 750-dollar imports from china. in fact with value-added it's really mining chinese labor to put together components and design and ideas from elsewhere. so it's not surprising that chinese sometimes complain that they are very good at producing jobs but not steve jobs. someday they will and they are

united states in the future? >> in principle it could. the european economy when europe acts as an entity, which is sometimes is equal to the united states but the problem is that often has trouble acting as an entity on a lot of issues. it also has severe demographic albums over the long term and it also has a severe energy problem in terms of how it manages the energy resources it has. and so all of those things i think would make me a break less likely if the global competitor. with that said no other part of the world with whom we share more values in europe. we should be rooting for europe to overcome this current period of doldrums because we need them as a partner. >> well, i've had the pleasure of knowing joe for 25 years. it's always been so refreshing to have a colleague who speaks in such calm and rational terms. they always convinces me i must say. i just wish our public debate at this level of stability and common sense. which you with your applause please thank joe? [applause] [inaudible conversations] [inaudible conversations] >> on april 7th k

but in the united states, the biggest economy and the biggest burner of fossil fuels, a lot of science is paid for by politicians. they sit in state legislatures, congress, university boards, and approve this funding for basic science at the universities. by holding the purse strings, they have the power to encourage research they like and discourage research that may lead to uncomfortable conclusions. he's currently under suspension, he says, for running afoul of florida's attempts to avoid talking about climate change and he joins us now. mark, welcome to the program. briefly, why do you think you were suspended? >> what occurred was a conference call webinar where one of the agenda items was regarding wild life and habitat adaptation to sea level rise by the florida wild life conservation commission. and in that discussion, i added that i thought it was important that the keystone xl pipeline not be permitted because it's really the lit mus test. and that really disturbed the moderator of the call who asked if that was a personal opinion or if i was representing that position as par

economy soften. what i said to the europeans is don't expect the united states is going to be the engine for everybody. don't expect that you can keep on selling to the united states but we cannot rely on you because your economy is so weak. that will not benefit anybody. and those are concerns i expressed across the border and the last point i would make is this applies to greece as well. greece needs to initiate reforms. they have to collect taxes. they have to reduce their burrocracy and have more reflective labor practices. when the new prime minister came in i called and said we recognize you need to show your people there is hope and you can grow. we will be supportive of some flexibility in how you move forward so you can make investments. it isn't just squeezing blood from a stone. but you have to show those who are extending credit those who are supporting europe's financial system, and you trying to help yourself. and that requires making the kinds of tough decisions that i think mateo is beginning to make. we did not discuss drones. we did not. last question from this side is margaret. >> t

economies soften. what i've said to europeans is don't expect the united states is simply going to be the engine the for everybody. don't expect you can just keep on selling to the united states. we can't sell anything to you because your economy is so weak. that won't benefit anybody. those are concerns i've expressed across the board. this finally, the last point i make supplies to greece as well. i think matteo is right. greece needs to initiate reforms. they have to collect taxes. they have to reduce their bureaucracy. they have to have more flexibility labor practices. when the new prime minister came in i called him and said we recognize -- you need to show your people there's hope and you can grow. we will be supportive of some flexibilities in how you move forward so you can make investments and it's not just squeezing blood from a stone. but you have to show those who are extending credit those who are supporting your financial system you're trying to help yourself. that require making the kinds of tough decisions matteo is beginning to make. we did not discuss drones. we did not. last question

economy, but that means they won't be growing as fast. and suppliers of raw materials to china are seeing their growth soften. and don't expect that the united states is going to be the engine for everybody. don't -- don't expect that you can just keep on selling to the united states but we can't sell anything to you, because your economy is so weak. that won't benefit anybody. and those are concerns that i have expressed across the board. and this finally, the last point i would make. this applies to greece as well. i think matteo is right, greece needs to initiate reforms. they have to collect taxes. they have to reduce their bureaucracy. they have to have more flexible labor practices, and when the new prime minister came in i called him and i said we recognize you need to show your people that there's hope and that you can grow and we will be supportive of some flexibilities in how you move forward, so that you can make investments and it's not just squeezing blood from a stone. but, you have to show those who are extending credit those who are supporting your financial system that you are trying to help yourself. and that requires making the k

in 2012 california's agriculture industry contributed over $45 billion to the united states economy. last year, because of the drought, hundreds of thousands of acres were left to fallow because sufficient water was unavailable. according to a university of california study, this caused the -- cost the state $.2 billion in direct economic output and the devastating loss of 17,100 seasonal and part-time jobs. these effects will be felt by americans across the country. this year the price of fruits and vedgeable -- vegetables expected to rise 3% in part due to severe drought conditions in california. furthermore continuing to draw down ground water supplies in california will have a dangerous public health impact in rural communities where residents relie on wells for drinking water reduced ground water levels result in higher concentration of contaminants including dangerous nitrate and ars neck. stagnant pools have also created breeding grounds for mosquitoes. the california department of public health announced in april that the state had a record breaking number of deaths related to

industrial control systems which are critical to the operation of the united states economy. b, prioritization. in carrying out outreach under subsection a, the secretary of homeland security shall prioritize the protection and welfare of the american people and economy and give special attention to protecting the following. one, united states critical infrastructure including the electrical grid, nuclear power plants oil and gas pipelines, financial services and transportation systems from cyberattacks as attacks on industrial control systems increase by 100% in 2014 over the previous year. two, the intellectual property of the united states corporations particularly the intellectual property of at-risk small and medium-sized businesses in order to maintain united states competitiveness and job growth. the speaker pro tempore: the clerk will suspend. for what purpose does the gentleman from texas rise? without objection, further reading of the bill is suspended. the house will come to order. the gentleman from new york is recognized for five minutes. mr. israel: thank you, m

that suppliers of raw materials to china are seeing their economy soften and what i've said to the europeans is, don't, expect that the united states is simply going to be the engine for everybody. don't expect you cap keep selling to the united states but we can't sell to you because your economy is so weak. that won't benefit anybody. those are concerns i've expressed across the board. this finally the last point i would make applies to greece as well. i think matteo is right, greece needs to initiate reforms. they have to collect taxes. very have to reduce their bureaucracy, more flexible labor practices and when the new prime minister came in i called him and said, we recognize, you need to show your people that there's hope and you can grow. and we will be supportive of some flexibilities in how you move forward so that you can make investments and it's not just squeezing blood from a stone, but you have to show those who are extending credit and supporting your financial system you're trying to help yourself and that requires making the kinds of tough decisions that matteo is beginning to make. we did not discuss drones. we d

the united states is an obvious source if the embargo were to be lifted. cuban economy is now very much centered on tourism. the united states is the largest source of tourists going to the caribbean. if the embargo were lifted tomorrow, three million would go to cuba from the united states. and the truth is they don't have the capacity to absorb it at the moment. but in the long run, there is an obvious economic incentive for cuba in this process in restructuring their economy to normalize relations with the united states. in the same way that gorbachev wanted to end the cold war, raoul wanted to end the cold war in the caribbean to update the cuban economy. what happens next? it's important to recognize there are two sets of talks or -- two sets of dialogue going on, one is restoring normal diplomatic relations and that is the focus going on in havana today. there is an expectation that this will move quickly and may be accomplished before the summit of the americas in april. time is getting short. there are some issues they still need to resolve and may know if they

. >>> here in the united states the economy grew at its slowest pace in a whole year between januarych. that's according to the commerce department. in fact the growth rate was just .2%, a lot lower than economists predicted, and down from the 2.2% in the fourth quarter of last year. so why? well the economists are blaming a drop in exports and less oil and gas drilling but analysts are saying they expected a solid rebound for the rest of this year just like we saw last year. jerry willis is with us 5:00 eastern time 4:00 in oxford on the fox business network. put the numbers this perspective. how does this live up to previous quarters. >> past quarter, december final quarter of the year last year was growth of 2.2% and people were disappointed by that. they didn't like this. first quarter of the year ago was negative 2.1% that looks like a plus 2% it's a negative .1%. the skmi skidding to a halt. and it's more than just a strong dollar that is not allowing us to sell our goods overseas. consumers are staying home too. economists were shocked by this because they were expecting growt

economies. by 2050 will generate half the world's global out put. if the united states is not a participant in the underlying infrastructure investment in that part of the world, we are likely to get left out of a lot of economic benefits that will come from this. >> you heard david talking about what the chinese are doing in nicaragua, and there's discussion in the countries about the fact that money coming from china comes with fewer conditions than the money coming if the west bank or the i.m.f. there's never free money, no free lunch as we like to say. >> absolutely. the people that take the money realise that the chinese money is not without its own baggage. so there is a lot of concern about china's longer term activists, and its short-term objectives. short term china needs markets, sources for resources and raw materials and is eager to secure those short-term relationships and is possible that many of these countries are concerned that over the long term china may not be sufficiently committed to the region. the other concern is it's not a transparent administr

so the united states economy has operated for five or six years in recovery without housing and that's never happened before. what happens when they all decide to do the same thing at the same time. >> do you think that housing is on its way back right now? >> absolutely. the average household spends 15% of their gross income on a mortgage right now and the average renter in the united states spends 30% of their gross income. and the 30% is not deductible and the 15 is. so everybody likes to talk about mean reversions and there's your mean reversion. >> we have him coming in later and he's been a big proponent of thinking that rentals are going to continue to climb because of changing demographics people liking to live in the city and people getting married later in life. he would push back on that. >> jeff gunlock would push back on that. a lot of people would push back on that. here's the problem, we live in seattle. it has the highest percentage of 20 to 40-year-old single college educated people. so we get to see this dynamic, this group of people and as soon as you get a 2-year-ol

united states and europe. this agreement could not come at a better time. both america and europe are dealing with struggling economies, aging populations and new competition from emerging nations. the united states and the e.u. represents nearly half of the global economy. a relationship that huge eliminating the trade barriers could bring extraordinarily large benefits to both countries. according to a study by the atlantic council and the british embassy, the agreement would create 740,000 new jobs in america. the trade and services, which we haven't talked about enough, is another big opportunity. a free trade zone for services with 50 countries around the globe, this agreement plays to one of america's strengths. u.s. service companies are among the most competitive in the globe. from the u.s. business community's perspective, the negotiating objectives laid out in the t.p.a. bill are balanced and ambitious. they reflect the evolution in u.s. trade agreements in recent years and include the best new ideas in trade policy. and the bill strikes just the right balance on intellectual property, which is the lifeblood

people say first you begin your book by saying china will likely overtake the united states has the world's largest economy. >> yes, fareed. as you well know, china is right now the second largest economy. it puts up more than half the buildings on earth. it consumes half the cement, half the coal, half the steel. this is a country that's a new china. they've emerged as a formidable competitor. we just can't let it disintegrate into debilitating or destructive competition. it's very, very important, it's in the united states' best interest that we look for ways to get important things done with china because we have many shared interests, and again, i think we need to be a bit more strategic as we think about the u.s./china relationship. >> evan, what do you think of these foreign policy moves? a lot of people say chinese government needs growth, this is what the communist party has promised to deliver. they know growth is slowing, so they search for alternatives and nationalism is the alternative, which means they push, you know they bound their own boundaries and bump up against their neighbors. >> the e

united states. >> so what could translate into lower gas prices at the pump. >> translates to lower gas prices at the pump, obviously helps to build more jobs here in the united states, helps our economyelps our balance of trade, and it allows us to use one of or resources as a strategic asset in the geopolitical context on what is happening in the world right now. >> but many lawmakers are worried that if they approve this and oil prices were to rise sharply again some day it could mean higher gas prices at the pump, which could anger constituents and the embargo a lightning rod in elections, gerri . gerri: severing debatable in washington; right peter. >> that's right., gerri . gerri: and when we pacquiao, visa out with its earnings just moments ago. what the company has to say about consumers. and a new scam to tell you about, how criminals are finding ways to get ahold of your credit card security code, you know, the three digit code. what you need to do to protect your money. but first here's the consumer gauge. we'll be right back the real question that needs to be asked is "what is it that we can do that is impactful?" what the cloud enables is computing to empower cancer resea

united states or are they essentially going to be an albatross? and i believe that they can be the greatest asset for the united states in this globally competitive economyf those... if that 18-year-old has graduated from high school and is going on to college, you know, is voting, is being a productive member of the community. we have a wonderful opportunity to renew the spirit and the entrepreneurialism of the united states with this great latino growth, and it can help... this growth can propel the united states to dominance against china and india in the 21st century if it's harnessed and if... their success is fostered. >> hinojosa: so where's the problem? when you stand back and you look at what's happened in our country and you see that, you know, at this point, you know, entering the second decade of the new millennium, you know, that latino youth, because they're going to be so huge in our country, should be... i mean, all youth, but when you're talking about demographics and you're looking at those numbers, that they should be most supported in terms of getting through school. but you know that it's not quite there. the... i'm not sure if it's

that suppliers of raw material to china have seen their economy soften and what i've said to the europeans is don't expect that the united states is splim going to be the engine for everybody. don't expect you can just keep selling to the united states. we can't sell anything to you because your economy is so weak. that won't benefit anybody and those are concerns that i've expressed across the board. and this finally, the last point i would make, this applies to greece as well. i think matteo is right -- greece needs to initiate reforms. they have to collect taxes. they have to reduce their bureaucracy. they have to have more flexible labor practices. and when the new prime minister came in i called him and said we recognize you need to show your people that there's home and that you can grow. we will be supportive of some flexibilities in how you move forward so you can make investments, it's not just squeezing blood from a stone. but you have to show. those who are extending credit, those who are supporting your financial system, that you're trying to help yourself. and that requires making the kinds of tough decisions that

in your piece there is a startling line and i am just going read it, it says the united states is the only advanced economy in the world with rising maternal mortality rates. what is going on in this country as opposed to other advanced economies that is causing this problem? >> well often this problem confounds a lot in the medical community. there is not one thing dragging the problem. experts, i have spoke to tell me that some parts of the country there is -- there are gaps in health insurance coverage especially in the south. for example in mississippi, one of the highest maternal mortality rates that the state did not expand medicaid or something like 100,000 people who don't have access to any healthcare, and many of them are women, you have in mississippi 160 doctors, 100,000 residents, that drives part of this problem. >> stewart: one of the disinteresting things in your piece is that the problems are described as preventable. so what is stopping people from preventing them? >> well some doctors say it is something as simple as getting a routine checkup. so many women lack access to healthcare, esp

1907, october 1929 october 2008, all instances in which the president of the united states goes to banks, because the economy or something, the market, is going wrong and asking them to do something. >> right. >> and you're saying that the similarities remain, that the president in the worst of times does have to talk to the -- you know consult with the nation's bankers and often equities tract concessions from them. >> not only are they having the midnight meetings, but they're the ones that the treasury secretary need to be sustained first in order for anything ohappen afterwards. >> do you disagree with that? do you think we could have done something differently in 2008, could big banks been allowed to fail and would we be around having this conversation if they did? >> we be having a very differentk, from the top down, which has happened, the federal reserve, has the largest hedge fund in the world right now subsidizing these banks, if we had gone in and subsidized the mortgages, the bottom up the things that were lining the toxic assets that we came to know of that infiltrated the system that went from