he chose to going to wharton school.hen he canceled because the school had the audacity to invite real people. he said he would only go if only the students at wharton could go. and let me just show you a statement a spokes person says the university of pennsylvania was unable to ensure that the attendance policy previously agreed to could be met. the majority leader appreciated the invitation to speak with the students, faculty, alumni and other members of the community. now, you're going to talk about economic inequality but you don't want to talk to the citizens that will have to live with this p. >> or the pitch fork wielding mob that is furious with the fiscal policy that you're trying to propose for the u.s. i mean, you have that coming on the heels of the social security administration is releasing the payroll tax info. and we're finding out that 50% of this country makes less than $26,000 a year. >> 50%. p. >> 50%. and that in 2010, over 10 million americans could not find one hour of work. there is a crisis happ

. >> house majority leader eric cantor was supposed to peek at pen wharton school of business. >> but his office canceled the appearance after learning 300 seats would be open to the public. >> jon: oh, the public. heavens to betsy, well, i never. i'm sorry. i'm sorry. hold on. i'm sorry. sorry. i meant to say you sound like a... seriously you're going to give a speech about income inequality but you cancel it? i guess to eric cantor 300 empty seats feels like this. the poor have been working out. next story. >> so today i can report that as promised, the rest of our troops in iraq will come home by the end of the year. after nearly nine years, america's war in iraq will be over. >> jon: it's over. find me... ( cheers and applause ) wooo! yes. it's over. it's finally over. oh, man. let me tell you this. woo-hooo. >> they either failed to do it by virtue of ineptitude or they decided that it wasn't that important politically or otherwise. >> this was a failure by the obama administration to close the deal. >> i think it's a serious mistake. >> the president has been a failure when it c

the organizer of the biggest russian literary wharton wrote in here. i would say. about art and well actually russia was this year's market focused country at the london book fair spotlight you know the media has more and this attempt to impress british readers with new names in russian literature. it might get down to those who does the f.t. and shakopee russia doing this status of the guest of who not before one. hundred russian writers uncertainty publishers. put tended more intent on promoting the merits of a much more contemporary brand of russian literature that fair featured authors well known in their homeland as well as up and coming contributors showcasing a cross-section of more than literature abroad is just one way for russia to promote its writers another one is encouraging translators to deal with groups mind you with us to help the process along the russian federal agency for grain and mass media this founded the institute of translation this will hand out grants for to slay sions from russian into other languages the new writers expect priority to

of civil society or the world to just build institutions to replace the ones that will wharton called. dictatorial what is what missing when it comes to its response to these challenges facing the region people of afraid and this is something that we have to call people still of the. whole of course people are afraid of being we take seriously we're not going to did israel is saying i'm going to destroy you. and i have the capacity to do we all when the hamas says it people are afraid to take it seriously they think this may. because it happened to us once maybe it will happen again it. is something that has to be addressed very deep and there is this sense of since then it's. alliance with the world we can't have the whole world against proust and have self-confidence we should self-confidence form the element of being unjust and if we are just the world would not be against us and if we could all name all senate justice we would be strong enough to avoid any projection of destruction of the elderly and thank you very much for joining us here on r.t. if you. are a. on . a very warm w

business school, went to wharton business school, he earned an mba. and after that mba he had a number of different things that were offered to him, extraordinarily lucrative offers about different directions he could take his life. and what chris did instead was when he graduated, he decided that he was going to rededicate himself to serving his fellow veterans, that he was going to make a decision that would enable him to continue to make himself more through service to others. and i'm very proud to tell you that chris marvin is right over here. and he is today a leader in this generation of veterans working with a wonderful organization that partners with the mission continues, and he's an extraordinary leader, and he will always be a great friend. so, chris, it's good to see you here. [applause] and it's not just chris marvin. i encourage you tonight to meet some of the other mission continues fellows who are here tonight. these are men and women who came back from iraq, some of them have lost their eyesight, some of them have lost their hearing,

the wharton school of finance. to me the best business school.hey made the birthers as they call them in a derogatory term and made the birthers sound like they didn't know what was happening. the fact is there are a lot of people that happened to agree with -- with, like, as an example, why wasn't this birth certificate given when hillary and when mccain and when everybody was asking? ultimately, i'm very proud of what i did because i got him to give something. >> you accept what he produced is valid? >> i don't necessarily. >> do you believe he probably was born in america? >> i say he might have been. >> but what does your gut tell you? you are a smart guy. >> my gut tells me a couple of things. number one, you know, it took a listening time to produce the certificate and when it came out as you know, you check out the internet many people say it is not real. okay? it is a forgery. that's what they say. i don't know if it was. >> the internet is nonsense. >> okay, fine. but you know, they go over it and lots of different things and lots of dif

and, susan wachter is professor of real estate and finance at the wharton school at the university of pennsylvania. i'm going to start with you, susan wachter. we just heard-- and i believe you were able to hear him-- jon ralston in nevada describing the situation out there. he said what people want is a light at the end of the tunnel, some kind of help. do you see in this new plan that the administration rolled out today something that homeowners like them will be able to grab on to? >> yes, i do. i think it's a win-win. i don't think it's a game- changer but i think it does help get to that light at the end of the tunnel. i think it's a help. it's a help not only for the homeowners who will be able to take advantage of the historically low interest rates, who could not before because they were underwater far too far. of course nevada will have many of those homeowners. but it also will help markets because fewer homes will come on to the market continuing downward pressure. >> john taylor, what do you see in today's proposals from the administration that could make a difference? >>

sam is adjunct professor at wharton school of economics and we talk a lot about these plans, sam. the details and how it would actually work are light at this point but in its concept would a plan like this help the housing market? >> i think on the margin it certainly will help, jenna. but it is going to help a very narrow subset of homeowners. it will be those people who have been making their payments or current on their payments, aren't financially constrained in that way and marginally underwater on their homes. and it is going to help them by allowing them to refinance into a lower rate than what they're paying now, increasing the amount of money that they have after they make their mortgage payment and hopefully, if they spend that money stimulating the economy. jenna: that's a big hope. how many homeowners are we talking about on the margin that you're suggesting? >> it is actually fairly narrow in its scope. the proposal in terms of details surfaced so far would apply to only mortgages held by banks. not those that made their way to fannie mae and freddie mac into securit

wharton, memphis tennessee.i thank you for your patience has to you tried to condense your opening comments to three to four minutes. we'll go a minute over if you need to. the reason is we need to adjourn the hearing by a quarter of one. with that in mind, we will start first with dr. galloway. >> thank you or much, mr. chairman. i will try and go very quickly. the disastrous floods of 2011 impacted many parts of the country. while that's a critical focus, i'd like to talk about and where we go with was the mighty defensive move forward it on the two comments about testimony we've heard from secretary darcy in the core leaders. it's interesting on the missouri river the issue of how it is to be operated by senator baucus pointed out is the subject of much discussion. one report that said the answer lies here in the with a resolution of conflict of in laws and regulations indicted on how to up date. the second part of that is the court case in 1994 or 2004, where a federal judge looked at the competition for the

like they just went to the wharton school of finance. it was crazy. >> he made them feel that way.it on the surface very difficult and, of course, he always had 13% returns and higher. so who wouldn't want to have their money -- >> people would go to him, he had the ultimate con because people would go to him and say i want to invest $10 million. no, no, i don't take such small amounts. and they'd work like hell to become an investor with him. he was the ultimate salesman. but he was a bad guy. his wife absolutely knew about it. and his son absolutely 100% knew about it. >> and that's from you -- >> i'm pretty good at that stuff. i'm pretty good at that stuff. >> you have great instincts. >> i want to get your initial reaction from the news that broke this morning. huge news on the g.o.p. side, a guy you met with a couple of times. and have gotten to like, herman cain, now he's dealing with this story. two women filed complaints of sexually suggestive behavior when he was president of the national restaurant association in the late 1990's. we don't know the facts of this case. but

it had been determined by a number of sources including wifa, which is a branch of the wharton school of economics, and m.i.t., c.r.a., charles rivers associates. the range of the cost of a cap-and-trade bill is always in the range of between between $300 billion and and $400 billion a year. it's confusing when you talk about these large numbers and people's eyes glaze over. they don't really understand it and i have a hard time understanding it. how does that affect me? how does that affect me and my 20 kids and grandkids out in oklahoma? i have a system, and i recommend it to my friends in the united states senate that i take the number of family income tax returns that are filed each year, get a current figure and then i do my math. this range between $300 billion and $400 billion, when you reduce it down to what it would cost each family, it's in excess of $3,000 a year. even if you do this and if we were to pass something like this, it still wouldn't reduce the emissions. that's the thing that we need to get over. anyway, in order for -- when president obama saw this, he said the

samuel arsh was a graduate of the university of wharton school and of law school. upon graduation he joined the firm that in wilmington, delaware and over time became well known in corporate law circles as one of the arc adetectives of the modern delaware general corporation law and was described as the master of delaware's influential corporate statutes. 1953 he led efforts to update the entire body of statutory law making delaware the nation's most favorable place for businesses to incorporate. his work helped to transform the state's economy by later opening the door to national banks and credit card operations along with other financial services. his wife a delaware native graduated from the university of pennsylvania's law school as well where she met her future husband, sam. in 193 1,roxanna became the fifth woman to pass the delaware bar and made history again when she was appointed by governor russell w. peterson as a judge of the family court in 1971 becoming the first female judge in the state of delaware. she retired from the bench in 1983 and began a se