about where we stand today i'm joined by economist richard wolfe professor emeritus at the university of massachusetts and author of the book democracy at work a cure for capitalism hello richard. how are you great how are you richard after thirty two years of record nomics can you sum up what the outcome has been for this country. well i don't need to sum it up we are living through the worst economic crisis since the great depression of the 1930's and the e r t a bill that you're referring to for which mr reagan became famous was a major step in ending the new deal in ending that kind of economic system we produced as an aftermath of the great depression ending it and thereby opening the well. a to the kinds of a growing gap between rich and poor that have landed us in this crisis today so i think it's important to remember it but it was a remembrance of a step that took us down a very bad road richard i'm still waiting it for waiting for it to trickle down to us. and always everybody else i mean every statistic every statistic that the economic system generates shows us that the gap between rich an

about where we stand today i'm joined by economist richard wolfe professor emeritus at the university of massachusetts and author of the book democracy at work a care for capitalism hello richard. are you great how are you richard after thirty two years of reaganomics can you sum up what the outcome has been for this country . well i don't need to sum it up we are living through the worst economic crisis since the great depression of the 1930's and the e r t a bill that you're referring to for which mr reagan became famous was a major step in ending the new deal and ending that kind of economic system we produced as an aftermath of the great depression ending it and thereby opening the way to the kinds of growing gap between rich and poor that have landed us in this crisis today so i think it's important to remember it but it was a remembrance of a step that took us down a very bad road richard i'm still waiting it for waiting for it to trickle down to us. and always everybody else i mean every statistic every statistic that the economic system we have generates shows us that the gap between rich and

. >> his younger brother, and billy would be president of the massachusetts senate, president of the university of massachusetts, even when he was in the state house, he was succeeded by the future mayor of boston, so, i mean, we're not talking just a quiet power broker. this was a guy out there, up there, and important. they both came out of the family, the father had been injured in boston arm, and more importantly, where that -- where the projects were, south boston. tell us a little bit. >> well, south boston, you know, is a neighborhood where there was a real irish ethos. many groups lived there, the neighborhood really identified itself as irish. even in the public schools, the kids were forced to sing irish songs so, i mean, it's a neighborhood where loyalty met everything, loyalty to family, loyalty to neighborhood. there was a lot of pride in the neighborhood, and, you know, it's interesting. billy bulger, you know, as you said, would be, you know, was probably the most powerful politician in the state for many years, and he describes growing up in south boston in very idealistic term,

year old hamburger shows no outward signs of decomposition when i came all the way to the university of massachusetts amherst to find out with a hammer by the time it's really well cooked as pie pretty low and moisture are low enough and moisture that it becomes hard for the bacteria in them to grow eric decker is the head of the food sciences department here he says that fears over frankenfood are real but the danger is not. i think there's a lot of cultural i think people get very very worried and nervous about having these compounds in their food they want all the technology they can get their i phone but they don't want it in their food i showed mr decker my own burger specimen to inspect ok so you can see you're right it's part of iraq right and that's the bread is all really dried out and gotten very very stale so that would prevent probably any more from growing on the bread itself he says there are a lot of factors that cause my burger to look for truly the same the thinness of the burger patty and the lower grade of beef affect how it decomposes the environment alone waste your how it was co

both are kazakh nationals and were college pals with tsarnaev at the university of massachusetts dartmouthop and a backpack full of fireworks from tsarnaev's dorm room after learning he was a suspect in the bombings. >> the u.s. government sues to block the proposed merger of american airlines and u.s. airways. today, the u.s. justice department and attorneys general from six states and the disctrict of columbia filed an anti-trust lawsuit challenging the $11 billion merger. the justice department says it would decrease competition, create higher airfares and baggage fees, and worse customer service. american and u.s. airways call the assessment of its merger "wrong" and say they plan to fight that lawsuit. >> and it is toms night tonight. what does the forecast look like? >> a lot of people are looking for warm weather and we have some in our forecast. look at the ones out in the western end, these are the current temperatures. it is 59 degrees at green bay but 91 degrees at boise, idaho. look what happens here as we drop into tonight, 40's up around here near lake geneva. 50 at woodstock

this town, whitey bulger's apolicy jifts, including his brother who was president of the university of massachusetts, he and others had always said that whitey never delivered drugs. there was that claim that whitey kement drugs out of southeast. there are more drugs in stouth boston and more heartaches in south boston than any other section of the city, and yet there were people that clung to that myth. whitey bulger spent his entire criminal career creating that myth that he was a good bad guy, a gangster with scruples. but gangsters with scruples don't rat out their friends and they don't murder women. those are the only two things he disputed. he says he did not kill two women who are among the 19 women . he doesn't care about the other stuff. he knows he's going to die in prison. we received letters he wrote from jail after his arrest in 2011 in which he said, i know i'm going to spend time in jail, i didn't kill those women, and i'm not a rat. he's not trying to get acquitted, he's trying to get even. host: "whitey bulger: america's most wanted gangster." first call from massachusetts. go ahea

>> guest: i went to school at the university of massachusetts in amherst, and upon graduation i enlisted in the navy, went to officer candidate school. a--incidentally, i--i received messages, e-mail messages, from my old boss, the chief engineer on my second ship after the book came out, i must say. c-span: how--how long did you serve in the navy? >> guest: four years or active duty... c-span: what years? >> guest: ... in the reserves. i--i think it's 1960--was at ocs in the late fall, early winter of 1960, graduated beginning of '61, and i got out of the navy in, i guess, february of 1964, and i entered harvard graduate school several months later, that fall. c-span: what ex--what impact did your ex--your experience in the united states navy have on the way you feel about the military here and the military in japan? >> guest: well, i had good experiences in the navy. you know, i look back on those years when i was very young. but the--being in the navy alerted me to the security relationship with japan, the us-japan security treaty, which went into effect in 1952, you know, right after

. >> my name is walter rosenkranz and before retiring here is a professor at the university of massachusetts at amherst during which time romney was governor. what i remember and i just wanted to make this comic before and may ask the question. >> keep speaking louder. >> what i remember is there was a minor scandal but the landscape contractors at his home in massachusetts. most of them are undocumented illegal immigrants. so it's kind of hypocritical for him to talk about self deportation when he himself was providing the jobs that they came north to take. but that's just a comment. [laughter] what i want to ask you about is what do these elections portend for the future of the governed ability of this country? it seems that the checks and balances that we are so proud of have produced a system that cannot move at all. >> it's mostly checks. >> i'm just reminded when my father was born in 1905 in imperial russia. after world war i his town became part of poland so he knew polish and russian history. i remember him telling me that before the partition of poland in the 18th century by the gr

systematic observer of capitalism and democracy, he taught economics for 25 years at the university of massachusetts and has published books and dvds such as "democracy at work," "occupy the economy," and "capitalism hits the fan: the global economic meltdown and what to do about it." he's now visiting professor at the new school university here in new york city where he's teaching a special course on the financial crash. welcome, richard wolff. >> thank you, bill. >> last night, i watched for the second time the popular lecture that is on this dvd, "capitalism hits the fan." tell us why you say capitalism has hit the fan. >> well, the classic defense of capitalism as a system from much of its history has been, okay, it has this or that flaw. but it quote, unquote, "delivers the goods.'" >> yeah, for most everybody. >> right. >> that was the argument. >> and so, you may not get the most, but it'll trickle down to you, all the different ways. >> the yachts will rise. >> that's right. the ocean will lift all the boats. the reality is that for at least 30 years now, that isn't true. for the majority of

i mean, bill bulger was president of the massachusetts state senate, went on it to become president of the university of massachusetts. by all accounts did a fairly good job running the umass system. >> a lot of people thought all through his tenure, even though he's one of the most respected, he may know where his brother was. >> a lot of people thought that but he didn't. >> the larger point the complicity of the federal government in whitey bulger being allowed to run amuck for 20 years. my brother was a boston police officer, homicide cop. my cousin was an fbi agent. they both would always run into obstacles when they were close to getting something on whitey bulger. whether it was drug trafficking, whether it was murder, whatever it was, something would happen. he would be told something. whitey bulger would be told something and he would disappear in terms of being able to be captured. >> why was that? >> the fbi was complicit in his career for over 20 years. a series of agents who none of them were on trial, no assistant u.s. attorney, from washington and the justice department was on trial. t

brother who was one of the most senior politicians, longtime president of the massachusetts senate and became the president of the universityhusetts. he and others always said that whitey never touched drugs. there was a claim that whitey cap drugs. i lived in that area during his time. there were more drugs in south boston and any other section of the city. yet, there were people that clung to that myth. whitey bulger spent his entire criminal career creating this narrative, and he was a good bad guy. he was a gangster with scruples. gangsters with scruples do not read on their friends and they certainly do not murder women. those were the only two things whitey bulger refuted during the trial. he said he was not an fbi informant, despite the record. he said he did not kill two women who were among the 19 victims he was charged of killing. he does not care about the other stuff. he knows he's going to die in prison. my co-author and i got letters he wrote from jail after his arrest in santa monica in 2011 in which he said i know i'm going to die in jail but i do not kill those women and i am not a rat. that is all he cares

as billy wouldn't of becoming the president of the massachusetts senate, the president at the university of massachusetts even when he was in the state house, he was succeeded by the future mayor of boston. so we are not just talking a quiet power broker, he was up there and important. they both came out of this family. the father had been injured, lost an arm, but more importantly, where those projects were in south boston. >> south boston is a neighborhood where there was a real irish ethos even though there were many different ethnic groups that lived they're the neighborhood identified itself as i risch. even in the public schools, the albanian kids were forced to sing irish songs. so it is a neighborhood where loyalty meant everything. loyalty to family and neighborhood there was a lot of crime in the neighborhood and it's interesting, billy bulger, who as you said was probably the most powerful politician in the state for many years to the he describes growing of in south boston in the very sort of idealistic terms about how close mant it was and that even though nobody had very mu

there was political influence from massachusetts, including his brother, who was the president of the state senate and the president of a university in massachusetts, had a profound influence on the inability of the two senators, united states senators from that state to have influence and to try and get things done. this is one of the most disgraceful cases in u.s. history. >> how did this happen? was he a buddy with these guy when is he was little? it's that simple? >> people in power were influenced by politics and the fbi -- >> i agree with that 100%. the foxes were literally in the henhouse here. the guy handling whitey bulger was his childhood friend. >> the fbi agent. >> the fbi agent, who was supposed li supposedly handling whitey bulger -- >> an informant. >> i want this to be clear. whitey bulger, the legend died. he was supposed to be a guy who would never rat and it turns out he was a rat. >> for years and years and years. >> he said if he ever got caught, he would get on the stand and let it all hang out. and in the end, he didn't get on the stand. there were too many bad days for too many years but today is a good da

he was a long time president of the massachusetts senate and the president of the united university ofassachusetts. he said he never touched drug. there was a that claim that whitey kept drugs on him. i live during his reign. there were more drugs and heart aches in south boston than any other section of the city. there were people that clung to the myth. whitey bulger spent his criminal career creating this narrative. he was a good/bad guy. he was a gangster with scruples. gangsters with scruples do not rat on their friends. they certainly don't murder women. those are the only two thing whitey bulger refuted during the trial. he said he was an fbi inform hasn't. he said he didn't kill two women who were among the 19 victims hey acharged with killing. he doesn't care about the other stuff. he knows he's going die in prison. my coauthor and i got letters he wrote from jail after the arrest in santa monica in 2011 when he said i know i'm going die in jail. i didn't kill the women. i'm not a rat. that's all he cares about it's a legacy defense. he's not trying to get acquitted. he's tryi

quality education of people tell the difference and if people start getting randomly distributed at the universities this is a crazy idea of equity whereas if you look at massachusetts, which has the best curriculum in the country, they were middle performers and all the adopted this high-quality curriculum focused on classic literature, traditional the education and the whole state zoomed up to be the number one performer in the country and it turns out that the poor and minority students improved at a an even higher rate than the more well-to-do students. this was the best way to help people that needed the help not by dumbing everyone down artificially to level you can't tell the difference between anyone's performance but by raising everyone's performance in a way that the people who are not performing well are going to raise higher so that's the right way to do it and that is the most crucial argument and that is what is motivating the common core people even though they don't want to say it is that the having misplaced notion of equity and i think massachusetts is the best example. >> thank you so much. [applause] >> an appetite for wonder is the name of the b

rudy tanzi is a professor of neurology at harvard university and director of the genetics and aging research unit at massachusetts general hospital.

best maturity, 85% go out in our grants to the best and brightest at stanford or university of illinois or massachusettsor all over the country where those visionary things are happening. we are on this remarkable pace right now accelerating knowledge about how life works and how disease works. it's really a remarkable moment. c-span: in a given year that's like $26 billion. how do you control with? how do do you know that the people aren't ripping you off? there have got to be people that have not gotten us money and done anything with it. >> guest: our system is pretty rigid, not rigid, rigorous. if you want money from the nih you have to write up a grant proposal putting forward what you plan to do for the next three to five years and defend that would be useful when it's possible you might actually be able to do it read you send that grant and. it has been reviewed by a panel of experts in your field in the most rigorous peer review system in the world and they then look at a whole bunch of grants that came in that cycle and they give them a priority. at this point we only fund about one out of six

introduced and the way romneycare developed in massachusetts is they had a period of time to debate it in massachusetts. it was a given that people wanted universalin massachusetts. they debated it. it was bipartisan. the democratic house and the republican governor. they came together and they -- you know, they worked it out over a period of years. the thing with what happened with president obama when he got in, the impression was it was a top-down -- it was being implemented and imposed on people rather than all of the states debating it. that's how i think -- that's why it got such a bad rap. >> john: the other big difference of course, romney care covers abortions, obamacare didn't. jimmy, you recently returned to school and earned a masters from harvard university's kennedy school of government. was this to enhance your act or do you have political aspirations? you're kind of a legend up there. >> it has both, john. you know that i ran for president in 2012. i think you know that. under the humor for humanity program. the humor for humanity party. humor in helping. humor in healing, humor in hope. ha, ha, ha. that's what they would chant at

university of new hampshire poll. it's clinton 62 and vice president biden at 8%. massachusetts governor deval patrick at 5%. now to the republicans, where it's more of a race. chris christie the early favorite at 21%. rand paul in second with 16%. and jeb bush in third with 10. marco rubio's lost the lead he had earlier in the year. we'll be right back. >>> welcome back to "hardball." what does mitch mcconnell's own campaign manager think about working for the mcconnell campaign? an audio recording was released today of a recording between an ardent activist and jesse benton. benton who is married to rand paul's granddaughter oversaw his presidential campaign, rand paul's election to the senate in 2010, and is widely expected to play a significant role in a potential presidential campaign for rand paul in 2016. are you following all of this? which benton implies on the tape is eminent. economicpolicyjournal.com has obtained a reporting in which benton in his own words describes how he feels about his current job. listen. >> between you and me, i'm sort of holding my nose for two years. >> benton responded wi

university of new hampshire poll. it's clinton 62 and vice president biden at 8%. massachusetts governor deval patrick at 5%. and now to the republicans, where it's more of a race. chris christie the early favorite at 21%. rand paul in second with 16%. and jeb bush in third with 10. marco rubio's lost the lead he had earlier in the year. we'll be right back. our start up is not making any money yet even though it's the best idea ever. but dress for success right? so we started using tide, bounce and downy together. it keeps our clothes looking newer longer. we'll be right back. which was back when we had corporate jobs. even if right now we can't afford...well, anything, our clothes look like a million bucks oo, maybe we could sell our clothes [ female announcer ] using tide, bounce and downy together keeps clothes looking newer fifty percent longer. great on their own. even better together we'll be right back. >>> welcome back to "hardball." what does mitch mcconnell's own campaign manager think about working for the mcconnell campaign? an audio recording was released today of a recording between an ardent a

of similar is happening. in the massachusetts legislature , a bill has been introduced that hasn't been acted on yet to tax a 2.5% tax that is being proposed on all endowments of colleges and universities with wealth over a billion dollars. .. is there a logic for colleges and universities having their endowment taxed in one way or another. in other words, what business is of it government to decide how schools devote their resources. the schools want to reduce the endowment, they can do it. they're not really forced to -- there are some arguments they are. i believe those are -- what is the government doing in mucking around in this? our answer is that the government certainly has at least a very plausible basis for mucking around in this because the subsidizes for the tax system are such that they are really much encouraging this. first of all, donations to these organizations are tax deductible, second of all, the revenue generated is not taxed. at all. it's not taxed there's no taxation at all. so it further subbization of this relative to the private sector. we think that it's perfective sense only raise the question. we don't think think it's a good answer. we don't think that at

president obama as the executive director of the white house initiative on historically black colleges and universities. he has also held top positions at the massachusettsf technology and the george washington university. to my far right, again, only younger fee, and for young. -- andrew young. to dr.a close aide martin luther king. he helped organize the march on washington. he was a former congressman, mayor of atlanta, and ambassador to the united nations. he is currently a professor at the andrew young school of policy studies at your estate university. --my left, glen hoeffel, and iffil, reporter managing editor of pbs's washington week. she has covered seven presidential campaigns, vice presidential debates. before that, she worked for nbc, the new york times, and the washington post. in this business, she is regarded as one of the best. , one ofght, julian bond the leaders of the civil rights movement while a student at morehouse college. the studentund nonviolent coordinating committee. in 1998, he was elected chairman of the naacp, the national association for the advancement of colored people. he was also elected to the georgia house and senat

massachusetts. john has his ph.d and intellectual history and universe of rochester and is the editor of three books of cultural criticism. he was born and raised in gettysburg, pennsylvania, on the mason-dixon line, it just to show how he still has some geographical confusion, he claims he is very much a southerner. >> i said almost a southerner. [laughter] >> well, that's relative, you know, down here. okay, hugh davis, associate professor of english at piedmont college in georgia. he is the author of the making of james agee, which came out in 2008 and is the editor of a new scholarly edition of "let us now praise famous men" that will be coming out next year, i believe. currently, he is working on an edition of agee's letters. he got his bachelor's degree in jackson which i can tell you having lived across the street from is in the shadow of -- his masters at the university about them and ph.d in english at the university of tennessee where, agee papers are housed. is of course titles make me want to sign up for his classes. southern literature and black and white is one. freaks is another. and

president obama as executive director of the white house initiative on historically black colleges and universities. he has also held top positions at the massachusettsnstitute of technology and the george washington university. right,-- to my far andrew young, an aide to martin luther king. young helped organize the march on washington. in addition he was a former congressman, a former mayor of atlanta, and a former ambassador to the united issues. he is currently professor at the andrew young skill -- school of policy studies at georgia state. ifill,eft, gwen reporter, moderator and managing "washington week vicehe has moderated two presidential debates, and before that she worked for nbc, and "the washington post," and she is regarded as one of the best. my right, julian bond, one of the leaders of the civil rights movement. studentd found the nonviolent coordinating committee. he was also elected to the georgia house and senate. he has been a radio and television almond tater and is a professor at both american university and the university of virginia. , a manmmediate left described as the conscience of the u.s. congress among john lewis, a cong

when you look at massachusetts, it's already -- it has universal health coverage. look how popular it is. 84% of people in that state say they are satisfied with the health care coverage. this is something that they are really going against the grain of where the american public is headed. >> for sure. and there is already practical results that you can point to. there are tens of millions of people who could not get health coverage and could not get health care because they had preexisting conditions. now they can get that. my wife is one of them. she had a stroke a few years ago. she couldn't get any sort of private individual health coverage before, and now she can. that's just one example. how about the youths that the senator was so concerned about. now up until the age of 26, they can remain on their parents' policies. over and over again, what you see is that this bill has done a lot of good in places that have cooperated. in california, health insurance premiums down by approximately 20%. what happens is in places like florida, where the republican majority in tallahassee has dragged its

university somewhere. the faces no charge so far. >> you can't do that. >> no, you can't. under massachusetts law, it's obstruction of justice, and she could face up to a year in jail. the thing with the charge in massachusetts is that it can be fit to the crime. so she doesn't have to fall straightly within the parameters. they can actually adjust it to what they're charging her with. >> shepard: weird they have video of this and she's trying to get away. >> and text messages as well. the details were that she apparentsly was carrying out a bag that had something in it, which appears to be a gun. we haven't seen the video. has not been released to the public. this is what the charges are stating. but, look, they've been involved in a relationship for quite some time. you wonder if there's more information that's going to come out and perhaps the rope the prosecutors are that being heavy handed with her, they're hoping she'll cooperate. >> shepard: if i look at a prosecutor and i look rat activities in miami,ing this double murder, and his attitude with the video system and all regarding this murder, i might be tryin

universities including uc berkeley as top public. harvard is number one. number two is stanford. number three is uc berkeley. followed by the massachusetts institute of technology. cambridge rounds out the top five. >> we are five minutes before the hour and mike nicco has the weather. >> good morning, everyone. you can see the flags burning blowing to the east. good healthy sea breeze bringing in the many layer clouds this morning. we will have delays at sfo. two degrees cooler-than-average in live more and three in san francisco and san jose and 66 and 79, 78 in napa and 76 in redwood city, and those are all four, five, and six degrees cooler-than-average. today you will see what will happen, with the remain thises to the north and moving to the north away from us, so if you are traveling through the central valley, low 90's around sacramento to 80 in tahoe and smoky in yosemite because of the fire and afternoon sunshine at 83 in los angeles and 110 in palm springs. good morning, everyone, we have a bit of a delay if you are leaving antioch and moving westbound highway 4 toward the concord area, under 15 miles per hour just jamming which is typical

of the country to being the universally admired man we think of today. it certainly took a while. five years after his murder, illinois became the first state to create a martin luther king holiday. massachusettswed and other states followed them. but there was resistance, lots of it. the holiday push went national in the early 198 0s. a bill to make the third monday in january a federal holiday martin luther king day. one of ronald reagan's allies on the right, jesse helms smeared king with innuendo. hoover's fbi spied on king the last six years of his life. the records wouldn't be unsealed for records to come with no evidence, helms asserted those records would show king was not a loyal american. and on the eve of the senate vote, reagan backed him up. >> i don't fault senator helms' sincerity with regard to wanting the records opened up. i think he's motivated by a feeling that if we're going to have a national holiday named for any american when it's only been named for one american in all our history up to this time, that he feels we should know everything about an individual. >> by 198 3, though, public opinion was swinging back to king's side. a third of the senate's republicans voted a

president obama as executive director of the white house initiative on historically black colleges and universities. he's also held top positions at the massachusettsitute of technology and the george washington university. to my far right, again only geography, andrew young who was a close and trusted aide to martin luther king. young helped organize the march on washington. in addition, he was a former congressman, a former mayor of atlanta and a former ambassador to the united nations. he's currently a professor at the andrew young school of policy studies at georgia state university. again, to my left, gwen ifill, reporter who coanchors the pbs "newshour". she's also managing editor of pbs' washington week. she has covered seven presidential campaigns, she's moderated two vice presidential debates, and before that she worked for nbc, "the new york times" and the washington post, and in this business she is regarded as one of the best. to my right, julian bond, one of the leaders of the civil rights movement while a student at morehouse college. he helped found snic, the student nonviolent coordinating committee. in 988 he was elected chairman o

our guest is a graduate of the wilson school at princeton university and earned his dartmouth.rom us fromjoining massachusetts, on the republican line, good morning. caller: good morning, i was listening intently and i am so glad that you mentioned mr. brzezinski. i have led his late reviewed i have read his latest book and he makes it very plain in the beginning chapters -- he says that the west is by no means finished. the era of western supremacy is salient he makes a very point. what we are seeing in the middle emergingcially is an people, kabul coming to grips with who they are, fighting off colonialism and mr.alterman has been eloquent about why the payoff -- the american payoff to the egyptians has not worked very well. wonder what 1.3 billion dollars would do for the state of massachusetts among others? in the end, we have to let these people settle it themselves. the: let's go back to earlier point about u.s. assistance in egypt. problems in egypt do not go away. we have tried for 30 years to deepen and broaden our egyptiant with the government. we cooperate not only on military issues, we cooperate

universities. this is a crazy idea of equity. whereas, if you look at massachusettsassachusetts which has the best curriculum in the country actually wore metal performers until they adopted this very high-quality curriculum focusing on classic literature, traditional education. and the whole state zoomed up to be the number one performer in the country. it turns out that minority students improved at an even higher rate than more well-to-do students. this was actually the best way to help people who really needed help. demming everyone down artificially to a level where you can't tell the difference between anyone's performance, but by raising everyone's performance in a way that the people who really are doing it. that is what is motivating the common for people. they have this misplaced notion of equity, and i think massachusetts is the best kind of example. >> thank you so much. >> thank you very much. [applause] >> okay. now we are on to william federer, a historian and writer. his book, america's god and country encyclopedia of quotations sold a half a million