joining us now, wilbur ross. the battle with icahn, and ackman, and soros and everyone in jumping up and at each other is fascinating and that isn't what we do. >> we haven't had a public fight with any of those. liz: you're a midwestern guy. you don't fight. but you invest in things seemingly nobody else wants. what is the latest distressed area you think faces nateing? >> we're focusing more and more on banks in spain, greece, the whole southern part of europe. liz: greece? you really are fearless. >> we haven't done anything yet. we've been just studying it. ashley: you did very well with the bank of ireland. >> bank of ireland has been very good so far. it will be even better as time goes. ashley: what about the spanish banks, in particular that you like? >> well, the spanish government has done a pretty good job, first of all, fixing the economy. they changed the labor rules a lot. we have some factories in northern spain. we see the productivity increase. so it's not just government pr. it's true. second, t

wilbur ross, chairman and ceo of one of the leading private equity firms.ous statements, talking about tapering, not tapering, what are your thoughts of this and what you make of it? >> the only thing keeping the economy going is that we have really sad shape for the country. they started tapering just 5 billion a month last. you know how much we would spend before we got to zero? 740 billion more dollars they would keep it going at the present level for 21 months than there is more spending. >> the fact is that we would have a balance sheet that would almost $4.5 trillion. we would be closing rather rapidly. >> we think that the quantitative easing really only works if we have things with the transition mechanism of the economy. the money being created by the purchases and the banks are turning around and putting it on the federal reserve. lou: not only can we imagine a balance sheet, but we could never have imagined we see the sustained subsidy stimulus. >> at the end of the day, a country has to have savings. we have a much higher propensity to save it.

the >> wilbur the experience is a frightening a long way gone and "radiance of tomorrow." how are they away, how are they different? >> they are very different. i never intended to publish it. you know, to find a way to find to my thinking, so they were to speak five, 10 minute in a sustained way about what i would say. and later on it became a bakery to publish. where's this one i wrote with the tension of publishing. so this was written when i was an undergraduate. this has been written in six countries. so i wrote it in the united state, new york. i wrote it in italy. in aspen, colorado. >> have you grown used to living in the states? >> yes. i still miss them when i go home frequently. i am his sierra leone and with american tenant leaves. that's how i describe myself. i am part of the cultures now. i would've lived in the united states about the same year that that sierra leone. so i find myself that's wonderful for my life, my thinking. >> how has a long way gone and changed you and your family because of his success? >> it changed her life completely. when the book

to investor, wilbur ross said that remember the other significant story sandwiched in between. people forget it. >> they do. i can't imagine why, but they do. neil: you know, amazing is that kennedy had a fight on his hand with liberals in his party. but he was in the pro serves cobbling together enough support that was realized by a successor. but it was an uphill fight. >> in those days there were more moderates in the congress. now there is an extreme polarization, that makes it more difficult to det compromise through. neil: i was looking at deficit, 12 billion-dollars. but, the idea that you could grow your way out of this, rather than just cut our way out. today, we have both grow and cut. what do we do? >> i do think that tax moderation would be a good part of the solution, it is significant to note that european union, not a very right wing group, has told france, they can't raise more taxes. they want them actual to make spending cuts. most extraordinary thing to have eu tell france, that 45% of the economy is already drowning in tax. that is the percentage of the econ

and then the fiber and steel components are separated and sent for further processing the remaining wilbur is think ground down to produce tire chrome which can then be used to produce even more ties create safe playground services as well as a whole range of other applications one of the biggest consumers of tycoon however is unicom which specializes in producing a super fine but how to use an ro construction uni combi sponsored nano technology company boss not no. is where you can carry so much peace road surface research here the stuff child various combinations and ratios of materials to try and attain the ideal road surface in general roads are made up of gravel and sun. and has been successfully used in boats for almost two centuries there is still room for improvement and this is where unicom stands out from the rest. unicom which transfer universal compazine materials produces a fine powder the beats anything else in the markets hands down. some would say you can take any rubber powder. but that's not true so what you need to make it work is a physical and chemical reaction between

. >> in the case of 1-year-old cheyenne, wilbur, you are not the father. >> the man on the negative side of a paternity test is not only unhappy, he's a u.s. congressman. >> i am totally stunned. when i took the dna test, i did it to satisfy her needs. she said that she didn't know who her biological father was for mental health. she needed it. >> the congressional daughter. a-rod, a roadway, a rat? >> it's not true. i spoke to him this morning and had a positive conversation and i understand it's not true. we are on the same page. >> tonight as baseball is pounded by scandal. steroids were good for the game. and remember isaiah the 2-year-old recently found wandering the streets of rhode island? >>. >> the main focus of this endeavor was to not only find isaiah was to proiz closure for family and friends. >> there was a restraining order, so why didn't cops protect the child's mother against the man she knew would kill her. plus, where is the outrage? comparing media coverage of the bus beating. the killing of a georgia toddler and the tragedy of trayvon. >> there is no question that th

wilbur?iggy. >> nice. >> that's actually great. >> it will be full circle for him. >> take back the power. >> yes. exactly. >> the power back. >> because that is all about power when you're being sexually harassed by a woods man. >> it's true. >> they're not doing it for gratification. >> no. >> i know that. i know that. >> nothing gay about it. it was about power. when did that baby have the power? >> never. >> thank you. >> never. >> thank you. >> getting to deliverance. >> oh. >> johnny depp would play the canoe. >> bert reynolds should play the part he did earlier except 50 years later. >> bert reynolds would play the tree. >> don't make fun. >> the in bread boys. >> mccally call kin. >> we have to take a break. join us at amazon.com. greg gut field. kimberly's favorite book. >> yes. >>> last topic. will they quit the dream of missing porn with ice cream? the "l.a. times" paper reports a porn studio has agreed to stop marketing films that play off of ben & jerry's products. last year the

. >> in the case of 1-year-old cheyenne, wilbur, you are not the father. >> the man on the negative sidepaternity test is not only unhappy, he's a u.s. congressman. >> i am totally stunned. when i took the dna test, i did it to satisfy her needs. she said that she didn't know who her biological father was for mental health. she needed it. >> the congressional

was may 7th we were talking about gina's abduction and that day his story was that he had gone to wilbur wright to see his daughter arlene also known as rosy. a short time later he observed rosy walking with gina. they were together. by the time he turned around on lorain road they were separate. his daughter was walking on the south side of lorain, westbound and gina was continuing to walk eastbound on the south side of lorain. he said i did a cold-blooded thing on my daughter that day. he said that i drove past my daughter to get to gina. >> did he ever offer any remorse about his conduct? >> he did not. he was given the opportunity the second day we interviewed him prior to me taking the written statement. i had explained to him that i wanted the statement to be in his words and if there was something that he wanted put in the statement to include an apology i would accommodate that. he did not take that opportunity and one of the last things i did say to him on may 8th after staking the statement is there anything you can say or do to the family that would make things better, there w

as we thank now these education reformers in the best wilbur force tradition to turn around what's nottragic and wrong, but very dangerous to the survival of our nation and our very civilization, in the wilbur force spirit, we thank regent jim gettis, peter wood of nas, national association of scholars, the heritage foundation young rising star and ccu graduate, britney britney k, chris leland and the originator of western conservative summit, you ain't seen nothing yet and president of colorado christian university, bill armstrong. panel, thank you so much. [applause] >> and looking ahead tonight here on c-span2, on "q and a" at 7 p.m. eastern, we'll hear from crystal wright, the editor of the conservative black chick log, she talks about how her parents became her inspiration. and then at 8:00 on booktv we'll hear about the u.s. supreme court and some of its historic cases. the first book, "chasing gideon." then martin clancy and tim o'brien talk about their book, "murder at the supreme court: lethal crimes and landmark cases." and we'll finish up tonight at 9:45 p.m. eastern with sa

. >> reasoner: nobody is arguing that wilbur and orville did it, but there are some folks in connecticut> pelley: bridgeport, connecticut, is where researchers say gustave whitehead first flew his now, based on new evidence, the aeronautical journal "jane's all the world's aircraft," has officially recognized whitehead as first in flight, and the connecticut legislature has done the same. i'm scott pelley. we'll be back next week with another edition of "60 minutes." captioning funded by cbs, and ford-- built for the road ahead. hi mom. how was school today? [ girls ] good. ♪ thank you. [ package crackles, footsteps depart ] ♪ phew. [ ernie ] we make our cookies the way only keebler elves can: with a little something extra. and now, introducing keebler simply made cookies, made with the same ingredients you find in your kitchen. they're simply scrumptious. and oh-so-uncommonly good. like dishes that don't fit in the top rack of the dishwasher. they're simply scrumptious. come into sears, i'll tell you about our one hand adjuster... on our exclusive kenmore elite dishwasher. it's amazing

wilbur, start inching around to the back of them. you want to get in my car?ys. they're asking him to lift his shirt and all that stuff. hey, come on. they're backing up. getting ready to face north on the lot. okay, guido, they're getting ready to go out to euclid. we're going to go ahead and take it. ( garbled radio transmission ) just take them. okay, they're going to be checking stuff there. police! freeze! freeze! i'll shoot! get on the ground! get on the ground! get on the ground! get on the ground! he's going. he's through the cul-de-sac. that's northbound. see the fence? i followed him, he jumped over the fence and he started running this way towards the west but he didn't go east. so i think he ducked into one of these yards. lying to me is better because when you lie the courts and the juries, they like that a lot more. i'll write down any lie you want to give me. he-- he-- he never showed me anything. he says he didn't have anything. i couldn't tell you his full name. his name is marcos. his nickname... nickname... marcios. something like that. i kn

they all laughed at wilbur and his brother when they said man could fly.coni he was a phony they laughed at me and you they said i was reaching for the moon boy, you came through now they have to change their tune they all said we would never get together, they laughed at us and how ho, ho, ho, who has got the last laugh now? ? they laughed at me and you said it would be hello, goodbye. wow, you came through, now they are eating humble pie they all said we'd never get together darling, take a bow ho, ho, ho who's got the last laugh? hee, hee, hee who's got the last laugh now? ? when i come home to you, san francisco, your golden sun will thank you very much. [cheers and applause] >> ladies and gentlemen, our next two speakers, ceo executive director federation of protestant welfare agencies, jennifer jones austin and the codirector advancement project, judith brown dianis. >> i am a daughter of the late william jones, jr., a civil rights activist and former president of the christian leadership congress. i'm a daughter of the civil rights movement. [no aud

they all laughed at wilbur and his brother when they said man could fly. at me and you they said i was reaching for the moon boy, you came through now they have to change their tune they all said we would never get together, they laughed at us and how ho, ho, ho, who has got the last laugh now? ♪ ♪ ♪ ♪ they laughed at me and you said it would be hello, goodbye. wow, you came through, now they are eating humble pie they all said we'd never get together darling, take a bow ho, ho, ho who's got the last laugh? hee, hee, hee who has got the last laugh now? ♪ ♪ when i come home to you, san francisco, your golden sun will shine for me ♪ thank you very much. [cheers and applause] >> ladies and gentlemen, our next two speakers, ceo executive director federation of protestant welfare agencies, jennifer jones austin and the codirector advancement project, judith brown dianis. >> i am a daughter of the late william jones, jr., a civil rights activist and former president of the christian leadership conference. i'm a daughter of the civil rights movement. and as a dau

they all laughed at wilbur and his brother when they said man could fly.aching for the moon boy, you came through , now they have to change their tune they all said we would never get together, they laughed at us and how ho, ho, ho, who have got the last laugh now? ♪ they laughed at me and you said it would be hello, goodbye. you came through, now they are eating humble pie they all said we'd never get together darling, take a bow o, ho, ho who's got the last laugh? hee, hee, hee who's got the last laugh now? ♪ ♪ when i come home to you, san francisco, your golden sun will for me ♪ thank you very much. [cheers and applause] >> ladies and gentlemen, our next two speakers, cla executive director federation of welfare agency, differ jones austin and the codirector advancement diana., judith brown lateam a daughter of the william jones junior, a civil rights activist and former president of the christian leadership congress. i'm a daughter of the civil rights movement. and as a daughter of the movement, i am the beneficiary of all the good that -- [no audio] [