particularly concerned about three nato member states that have been constituent republics of the ussr, namely the baltic states, even though u.s. and others in the west have never accepted their annexation under the hitler-stalin pact. and the last crisis i think is for a positive future for the process of globalization. we cannot have a style you carry system, international system if russia is not part of it. it is in which important both in its size and its clout and its ability to be there of destructive or helpful in getting with the issues of our time. >> thank you. angelacan be to act as to the same question but ask you to expand it a little bit. you are a longtime watcher and you've written about putin about his motivations. what does he want? what is he trying to achieve strategically i this very big move into both crimea and destabilize a major state? >> the question, what does he want, but really when you listen to them and when you see what rush is doing, we know what they don't want to let me just agree with what strobe said. i think this is the worst crisis in relations w

, and you all recall there was once a very large state called the ussr, to end up on the trash heap ofhistory. and that would be an ironic and by the way a very dangerous outcome for the whole world. this is not to wish for something bad for russia. it's to fear something bad for the world. second, there is unquestionably a crisis for the western community, the atlantic community which up until a few years ago was moving in a direction that involves integration of the russian federation itself as well as its neighbors into an expanded international community that would be playing by the same rules, they would have certain norms in, and and that would lead to not just a peaceful 21st century but also a 21st century in which russia would be not just have a seat at the board of directors of the world but would be a collaborative and cooperative power. and what we are looking at now is i think a nontrivial set of complex and potential conflicts including on the periphery other than ukraine itself that could lead to armed conflicts, and here i am particularly concerned about three nato memb

the additional problem for russia is that they used to be a superpower as ussr. they lost that position and now only superpower is the u.s.a. but i also refer to weapons, to the economy, to the moral and social and economic issues as well. they are not the leaders. that is why it is hard for russia to be as important as they used to be. so they need successes. they need to show their power by threatening. they also have to understand the world. that it is not boorishness, not tanks. but intellect and wisdom are the elements of the contemporary world. >> lech walesa added that he believed russian president vladimir putin underestimated the west's willingness to defend ukraine. now, as putin figures out how to untangle himself from the mess he created. okay, up next, forgot politics. oil makes strange bed fellows. i'll take you to the far north where untapped riches are making unlikely friends. our special, the new cold war, is back after this. >> protestors are gathering... >> there's an air of tension right now... >> the crowd chanting for democracy... >> this is

because let's look at the way the ussr eventually toppled.nt reagan decided to engage with the soviets. he sat down with miguel gorbachev in the 80's aggressively by the hawks in the same way obama is being criticized right now. in retrospect that was a very smart move. if he would look at the actual details of the agreement right now, the obama administration in the joint plan of action, the interim deal that he would still operating under right now, the iran nuclear program is under heavier inspection than it has ever been. this is a very important opportunity. we're not doing this because we trust iran, we are doing it precisely because we don't trust iran and want to keep their nuclear program under heavy inspection into the future. >> all right. rick, if he just trounce me? >> no, not at all. because, look, there has been five u.n. resolutions. >> yes. >> on iran, five. and what happens on the u.n. resolutions is there is a demand that iran stop enriching all uranium. the obama deal that he brought to the p a plus 1, what the deal says i

that, to the excellent that china is not in theor not the ussr, cold war analogy, the united states is not the united states. we no longer have the technological advantages that we had in that era model hasour business hadwhat o -- we have significant gagains in the 1970. that's not the case anymore. how do we do all of the things that bob is rightly talking fashion a sustainable over time? >> one thing i emphasize is we toneed acquisition reform streamline the process so it doesn't take, 10, 15, 20 years areield new systems that obsolete.y >> and we're going to talk about that reform in just a moment. taken decades for the pentagon to evolve into the today.h it is everyone acknowledges it's time for reform. the question is, what will that like? look more in just a mom >> we're back with ben fits .ben fititz gerald don't we neeeed, not just an acquisitioneform exchange, but an entire overhaul of the way the pentagon fundamentally does business? it lks the way it looks because of decades of regular regulations and well-intentioned decisionsns. but we are where we are, very erous. >> tha

when the ussr fell, estonia regained its freedom, and in 2004, it joined the european union.allinn has modernized at an astounding rate since the fall of the soviet union. its business district shines with the same glass and steel gleam you'll find in any modern city. yet nearby are the rugged and fully intact medieval walls, and the town within these ramparts has a beautifully preserved old-world ambiance. among medieval cities in the north of europe, none are as well preserved as tallinn. the town hall square was a marketplace through the centuries. its fine old buildings are a reminder that tallinn was once an important medieval trading center. today it's a touristy scene, full of people just having fun. through the season, each midday, cruise-ship groups congest the center as they blitz the town in the care of local guides. like many tourist zones, tallinn's is a commercial gauntlet. here there's a hokey torture museum, strolling russian dolls, medieval theme restaurants complete with touts, and enthusiastic hawkers of ye olde taste treats. woman: [ laughs ] steves: but j

and for the republic of the ussr and former members of the warsaw pact. there were some very significant episodes ending the mayhem in the balkans that might not have happened happened would have been more difficult and taken a longer time if it hadn't been for the russian participation. and the movement towards which that has now been not just stopped but put into reverse. bill perry the secretary defense at the time called ahead chapter and that is it was possible that russia might break bad. that was the reason why all of the countries. 100 million europeans now have the protection of nato. before we get to the complaint of the notion that the west created this problem returning the facts on their head. i would guess the baltic states and not the member states of nato you wouldn't have just little green men creating mischief in the countries. let me just stop with the bat on the one point. >> we worked together on this when we took the seven countries at the summit in november of 2002 the russians were very unhappy but we had lots of conversations and

not going to the past, ussr.reating something that is as good as the good sites of imperial russia. i think he understands that. >> one of the things that is interesting about art, it comes from artists who enjoy the freedom of expression. some worry there are elements of censorship and coercion in russia that are not typical of that. >> there are two sides. one is censorship. we had a conference in st. petersburg, and international conference. the american colleagues were discussing two kinds of of censorship. the censorship of the government in the center strip the government, society. and the censorship of society. every country has laws. sometimes new laws are not good, but they are laws. if things go inside censorship inside the law, it is ok. we are prepared to make money first. will you prohibit us something, no. only keep in the lines of russian law. if somebody would like it, i will defend it. it is possible to show and discuss a lot of things even in the realms of the law. everything was discussed and s

agree with bob in the sense that we have communicated with our adversaries, we communicated with the ussr during the cold war. that's what we do. but the problem is, it's not the action, it's the actor, we have a problem with president obama which seems to be the weakest at least competent car salesman on the lot, he would trade a -- he's going to give away the whole tree. we don't trust him, we trust a strong patriotic leader to have these secret meetings, but we can't trust him with a secret deal. he's not churchill, he's cho chompsky. >> talk about being caught in the middle, our allies in the fight against isis, the sun anies -- i'm not necessarily against sending them letters if he wants to box them in. but what about our allies? >> i also look at it in a more global perspective, we have to keep that in play over here and we also have to understand our relation shim with israel, let's not be naive and stupid to think that we can get in bed with iran, like naked, vulnerable, starving, we don't need them. rely on american strength and independence to do the right mission. we can start

america was ussr in the cold war for him. that's his foreign policy and somebody like hagel is kind of like a nonentity, it's not a big deal to him, go away. >> do you remember the hearings that hagel gave just after president obama with the jv and then there was a beheading, i think it was right after a beheading. i just remembered it when you said that. hagel was very dismissive of what the president said, i remember -- >> i also heard that the charlie rose interview that secretary hagel reechbltly gave was the final straw. if you need a clue as to whether somebody on background would get the phrase, make no mistake, the secretary was fires, who says make no mistake all the time? >> this is a reflection of the national security team in the white house. if you've got a good national security team, things work well. if you don't, the secretary of state and the secretary of defense is out there on their own. >>> we're awaiting an announcement as well on the grmg decision on whether to indict darren wilson for the shooting of m

these people used to be pardon of ussr. >> but in fewer places are russia's split loyalties more so than in bulgaria. bulgaria's eu membership actually gives russia a voice in brussels. bulgaria is often considered moscow's most pliable ally. >> bulgaria has been called the trojan horse of russia. >> even today a symbol of that division is an unfinished russian build natural gas pipeline called south stream. when finished it would bypass ukraine and provide europe with another transit route for russian gas. the european union commission wants to wean itself off riens reliance of that gas. but bulgaria has virtually all of its gas needs met by gazprom. under pressure to finish this controversial pipeline. >> bulgaria has very strong historic link with russia. the slavic people and the luns, threluctance, rejection of russn people never strong in bulgaria. >> particularly in wake of the ukrainian crisis, many poals se, see it as particularly dangerous. those fears are evident here in the gadansk shipyard, where fishes gained momentum back in 1980. russia claims it has the right to protect

the additional problem for russia is they used to be a superpower as the ussr. they lost its position and now the only superpower is the u.s.a. but i also refer to weapons to the economy to the moral and social and economic issues as well. they are not the leaders. that is why it is hard for russia to be as important as at the used to be. -- are as they used to be. so they need success. they need to show their power by threatening. they also have to understand the world. that it is not boorishness, not tanks. but intellect and wisdom of the world. >> do you think that russia's incursion into eastern ukraine and the land that they basically control now in donetsk and crimea do you think that's enough for russia? because a lot of people have drawn examples comparing it to germany before world war two where they went into other countries including poland in order to protect the ethnic germans. that's what russia is sayings they're doing -- saying they're doing. >> translator: well, i'm considering it. it is possible but i don't have the answer to that question. whe

as our, not by some plot from the west but by reformist leaders driven by public opinion inside the ussr, that would end of my vacation of the world between the free world and the communist world, and there could be institutions that would, among other things, provide security, including in partnership with former republics of the ussr and former members of the warsaw pact. .. hi would guess that we were the tweet baltic states that were not member states you wouldn't have little green men. creating mischief in those countries. you also have russian boot on the ground. let me stop on that one point that you raised. >> i would network to get aaron says, when we took seven to countries in november of 2002, the russians were very unhappy but we had lots of conversations with president putin and his staff and we created the russia council's subsequent to that and we began to work with russia, the ambassador at brussels and we tried to work with him on big security issues. we did not try to exclude russia. we tried to bring them in. i want to ask another question. you mentioned it. do you thi

i expect him to lean toward the old ussr. he feels this debt to russia that he must discharge.course he will be rehabilitated to the global arena. >> we have a lot more to talk about, you're looking at a live shot, is it murky? is it gray? it is. equities on the other hand. the big score from james nevin when we come back. ♪ >> james is here, the investment management chief. thank you for sticking around. you are optimistic for the first half of next year but you see a ,ignificant market correction what is troubling you about the second half? two key events, the tightening by the federal reserve. the second issue is what will margins andrporate there has been a significant shift to labor getting more pricing power and this increased move to pricing power will diminish corporate margins. can i take us to oil and the implications of the oil price, jumping like an elephant or other analogies, halliburton and baker hughes considering a merger. is this what we are going to see more of, oil companies and businesses getting together to cut costs. they see distress and interest to shar

it's a resurrection of the policies that caused the ussr. you might recall there was a state called the ussr to end up on the trash heap of history and that would be an ironic, and by the way it very dangerous outcome of the whole world i believe. this isn't to wish for something bad for russia is to fear something bad for the world. it is a crisis for the western community for the atlantic community which up until a few years ago was moving in a direction that involved integration of the russian federation itself as well as its neighbors into an expanded international community that they would be playing by the same rules and would have certain norms in common and would lead to the 21st century which russia would be not just at the board of directors of the world but with the a collaborative and cooperative cover and what we are looking at now is a nontrivial set of conflict and potential conflicts including on the periphery of the then ukraine itself that could lead to armed conflict and here i am particularly concerned about three nato me

dismantling of the wall and the ensuing collapse of communism in eastern europe and ussr, discredited government and furtherance wired belief in the utility and superiority of free markets. not only among republicans. states, theunited clinton administration actually went much further than its predecessors in dismantling government regulation over capital flows and financial markets. betweenession firewall commercial and investment tanking was repealed. larry summers and alan were regulate thet to expanding sectors of the financial economy like derivative training and the security of death the securitization of mortgages. forced other governments to deregulate financial controls as a condition for free trade pacts, and as a condition for securing financial assistance during the asian financial crisis of the late 1990's. 9/11, memories of the ,erlin wall were coming down and attempted officials to use force and show the strength. -- they were inspired to be met with enthusiasm. memories of the jubilation of they did not9, think the toppling of saddam would be greeted with the same enth

he also graduated from the ussr academy of foreign trade. his diplomatic career which began in 1977 has included being on the delegation to the united nations and then to the u.s. embassy as a first secretary. he spent a decade in the foreign ministry as a deputy director of the department for international organizations and then as deputy director and director of the international scientific and technological group. and then thirdly at the ministry he was the director of security affairs and disarmorment. following that he went to belgium as his country's ambassador. while there he was also the permanent representative to nato. and following that he became deputy minister of foreign affairs and then came to the united states as the ambassador of the russian federation. it's a great pleasure to present to you his excellency. [ applause ] >> thank you very much for a generous presentation. it is a real pleasure to be back. i think when i came to the united states in my current position it was one of my first public appearances here in this ro

on the ussr was north dakota and i had her stand the north dakota -- and i understand the north dakota was one of the first oil battleships in the navy. it was a gunnery training ship for the atlantic. what else did it do during world war i? daniels spent a good bit of his time as secretary of the navy raising funds to build this fleet of battleship. he was responsible for giving two ocean navy. caller,o disappoint our but battleships played almost no .ole the german navy, their surface fleet had been either chased from the sea or sunk by the british by the time the united states entered the war. combating thes german u-boats and trying to keep the british and the french in the war and to keep the pressure the u-boats were putting on their populations in terms of food and standard of living to keep them from putting political pressure on the .ritish and the french leaders no battleships played almost military role in the war after the united states entered it. >> we asked our viewers to submit questions via our facebook page. barelythe questions -- two decades after he was secretary of