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Nov 27, 2009
11/09
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warren buffett ends up getting a phone call from a guy named byron who was a banker at goldman saying which you like to invest in a combined goldman wachovia firm and by the way half the board of wachovia has shown up at this point that sunday afternoon to goldman sachs offices to actually potentially vote on this deal. and by the way one other little fact that is kind of fun -- hank ends up calling the only board member he knows that wachovia to say, you should take this seriously. you talk about conflicts and optics and things, i won't say more. and so that deal obviously flows apart but one of the things that warren says to byron which analysts thought was rather remarkable piece said and warren oss this great perspective because he's a million miles away from new york and says, why would you even be asking me this. of course, this deal isn't going to happen. how is it possible that the government is going. >> a deal by goldman sachs when it is being merged with wachovia, the ceo was bonspiel who was a former undersecretary of the treasury under paulson and a former goldman man. of
warren buffett ends up getting a phone call from a guy named byron who was a banker at goldman saying which you like to invest in a combined goldman wachovia firm and by the way half the board of wachovia has shown up at this point that sunday afternoon to goldman sachs offices to actually potentially vote on this deal. and by the way one other little fact that is kind of fun -- hank ends up calling the only board member he knows that wachovia to say, you should take this seriously. you talk...
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Nov 22, 2009
11/09
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my personal feeling that the warren commission, lee harvey oswald assassinate president kennedy. for the purposes of this book, my own view is really irrelevant. i am really looking at what lyndon johnson do in the 12 hours after the assassination. at all lyndon johnson, and when he is flying back to washington on air force one, he hears the name lee harvey oswald for the first time. the first time he hears it is in connection with the shooting of the officer. and what's passing about looking at this issue of who shot jfk in the first 24 hours, what i was taught by, long theories that whether oswald did it, is how worried lyndon johnston is. the information about oswald coming out pretty quickly. lyndon johnson find that this man lived in the soviet union, that he was somehow connected with the cubans. so johnson is so afraid of, speeding back to washington, about to try to assemble a government for the first time, if he's going to be pressured into a war with the soviet union. whether oswald acted alone or whether he acted as part of a conspiracy, lyndon johnson is afraid that t
my personal feeling that the warren commission, lee harvey oswald assassinate president kennedy. for the purposes of this book, my own view is really irrelevant. i am really looking at what lyndon johnson do in the 12 hours after the assassination. at all lyndon johnson, and when he is flying back to washington on air force one, he hears the name lee harvey oswald for the first time. the first time he hears it is in connection with the shooting of the officer. and what's passing about looking...
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Nov 28, 2009
11/09
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warren buffett is one of the stockholders in this company. we are looking at enormous potential for reducing gasoline use by moving to plug in hybrids and all the electric cars. engineers know but not everyone else knows electric motor is three times as efficient as the gasoline engine. moving to electric motors harnesses a lot of inefficiency. it also -- it also means we can be running cars on the electricity equivalent of a gallon of gasoline that costs $0.75. especially if it is wind energy. the economics are going to be very attractive in terms of dealing -- especially if oil prices rise as dramatically as we think they might. is that five minutes? how do we get from here to there? if you follow the legislation on the hill you would think happened trade is the way we restructure the energy climate. unfortunately, is probably not going to work that well. if you look at the cap and trade initiative as it now exists in the legislation it doesn't look like it is going to have much effect on carbon emissions as it has not in europe for the las
warren buffett is one of the stockholders in this company. we are looking at enormous potential for reducing gasoline use by moving to plug in hybrids and all the electric cars. engineers know but not everyone else knows electric motor is three times as efficient as the gasoline engine. moving to electric motors harnesses a lot of inefficiency. it also -- it also means we can be running cars on the electricity equivalent of a gallon of gasoline that costs $0.75. especially if it is wind energy....
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Nov 29, 2009
11/09
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according to the warren commission, kennedy shot at 12:30. they arrive at parkland hospital at 12:40. lyndon johnson finds out that he is dead at 1:40. here's what happened that lyndon johnson just to set the stage for parkland hospital, lyndon johnson is two cars behind president kennedy in the motorcade. when the first shot rings out, johnson years and he doesn't think anything of it. he says he has been in motivates his whole life. that sounds like backfire from a motorcycle. he wasn't the least that alarm. rufus youngblood was sitting in a front seat of the car hears the same sad that he is also not alarm. at what he sees does a lot of. he looks out and looking at the grassy knoll where the vice president car is making the turn and he sees people fall into the ground. that he looks ahead and he sees what he describes as unusual movement and the presidential car. so youngblood leads out of a job front seat of the carpet he jumped over the backseat and he grabs lyndon johnson and he throws into the throat untrimmed floor of the carpet as he
according to the warren commission, kennedy shot at 12:30. they arrive at parkland hospital at 12:40. lyndon johnson finds out that he is dead at 1:40. here's what happened that lyndon johnson just to set the stage for parkland hospital, lyndon johnson is two cars behind president kennedy in the motorcade. when the first shot rings out, johnson years and he doesn't think anything of it. he says he has been in motivates his whole life. that sounds like backfire from a motorcycle. he wasn't the...
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Nov 23, 2009
11/09
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according to the warren commission kennedy is shot at 12 trinkle 30. the right at the hospital 12:40, kennedy is pronounced dead at 1:00 lyndon johnson finds out she's dead at one trinkle 20. i think that is wrong for reasons i would be happy to elaborate on later but here's what happens, lyndon johnson to set the stage for the parkland hospital lyndon johnson is to cars behind, they turn on the plaza. when the first shot rings out, johnson hears it and he doesn't think anything of it. he has been in motorcades his whole life and for him it sounded like backfire from a motorcycle. he wasn't the least alarmed. rufus youngblood the secret service agent in the front seat of a car shares the same sound and he's also not alarmed about what he sees does alarm him. he looks out, looking at the grassy mall, the vice president making the turn on to elma and he sees people fall into the ground than he looks ahead and sees what he describes as unusual movements in the presidential car. so youngblood leaps out of the car and jumps over the back seat and he grabs l
according to the warren commission kennedy is shot at 12 trinkle 30. the right at the hospital 12:40, kennedy is pronounced dead at 1:00 lyndon johnson finds out she's dead at one trinkle 20. i think that is wrong for reasons i would be happy to elaborate on later but here's what happens, lyndon johnson to set the stage for the parkland hospital lyndon johnson is to cars behind, they turn on the plaza. when the first shot rings out, johnson hears it and he doesn't think anything of it. he has...
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Nov 3, 2009
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berkshire, of course, is owned by warren buffett who is widely seen as basically one of the smartest stock market investors in the world. when i say by smartest, i mean richest. he's done the best. >> that's why he's smiling, right? thank you, jen. >>> a sheriff is defending his idea to charge prison inmates $5 a day for rent and even haircuts. another controversial program has gone all the way to the state supreme court. >>> the man accused of raping and killing a popular anchor woman faced the people who could fate. curtis vance was in court in arkansas for the start of jury selection yesterday. he could get the death penalty if he's elected. anne pressly was found brutally beaten in her bed in october last year. she died days later. vance's lawyer says the police tricked him into giving dna and taped confessions. >> you may remember disturbing video of an in nicole months before her drug overdose. it may become key evidence in the trial of three people accused of giving her those drugs. see as smith appears to confuse a doll for her unborn child. >> your baby? >> my baby's over th
berkshire, of course, is owned by warren buffett who is widely seen as basically one of the smartest stock market investors in the world. when i say by smartest, i mean richest. he's done the best. >> that's why he's smiling, right? thank you, jen. >>> a sheriff is defending his idea to charge prison inmates $5 a day for rent and even haircuts. another controversial program has gone all the way to the state supreme court. >>> the man accused of raping and killing a...
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Nov 18, 2009
11/09
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goldman-sachs and warren buffett, helping 10,000 small businesses around the company. the urban league is also stepping in. they say they are stepping up loans for small companies like barber shop, doctors' offices and later today president obama's economic team will meet and their whole getting down to business is to look at the problem of getting small businesses to hire. how can they help? okay. forget about the line. hats in your wallet? how about what's in your family room? one state could make your tv illegal? and a project now a crane removal project. hear from people who saw it go down right on top of a house. >>> time for our "salute to the troops." today ow shout out no a marine corporal whose mom is very proud of him. you can just hear it. >> hi, robin. this is marian, i'm saluting my son, a corporal in the united states marine corps. we're so proud of you, your whole family. we've missed you so much during your deployment and can't wait for to you return home soon. god bless you. you're such a role model, your brother, sister and all your cousins and we're
goldman-sachs and warren buffett, helping 10,000 small businesses around the company. the urban league is also stepping in. they say they are stepping up loans for small companies like barber shop, doctors' offices and later today president obama's economic team will meet and their whole getting down to business is to look at the problem of getting small businesses to hire. how can they help? okay. forget about the line. hats in your wallet? how about what's in your family room? one state could...
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Nov 25, 2009
11/09
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and i believe elizabeth warren had said in other places that there was testimony by secretary paulson that the investments were 100 cents on the dollar and let's just assume that was -- and then she said off further audit it wasn't 100 cents on the dollar. now, coming from the private sector as i do, making statements like that in proposing and presenting an investment opportunity might have caused concern with the scc and afterwards. is there any accountability of those statements for the government officials? do you believe they were said with simply mistakes that it was 100 cents on the dollar or that we were going to have a return of some sort or how should that be viewed and what sort of accountability should be made in the system for those people who sold us this program? >> i think you have to look at the statements -- and one of the frustrations is this program has changed so many over time. so a program that was -- i thought you were originally going to say wasn't this supposed to be a program designed to buy toxic assets off books and banks. that's how it was initially sold
and i believe elizabeth warren had said in other places that there was testimony by secretary paulson that the investments were 100 cents on the dollar and let's just assume that was -- and then she said off further audit it wasn't 100 cents on the dollar. now, coming from the private sector as i do, making statements like that in proposing and presenting an investment opportunity might have caused concern with the scc and afterwards. is there any accountability of those statements for the...
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Nov 21, 2009
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and taking over for warren smith. and the starting quarterback. and offensive player of the week. >> his chance to be a hero. >> and it is the big bide receiver. >> and jeremy kelly. and 2:16 to go now. number 1 and sousa, and they have the ability to knock it down. >> 2nd down d and almost has it intercepted. and sean ware can't believe it. captain linebacker thought he had it in his paws and two minutes to go, andy. >> vasso knock it is down the corner. and here comes number 9 and jumps that. now join is jumping. >> and it is huge in the game. see, if they can keep it up. >> back to throw. and keep it alive. and 1st down made. that's a for mike brusko. and down to the 46-yard line. and maine has life ten. >> if this is the last game mike brusko plays you know, football. competitive football. he he should save this tape. he has been fabulous today. >> 12 catches. and treister throwing on 1st down. avers complete the landis williams shy of the 49. >> this is what maine has done well. and second run guy. and now, they are past the second run team a
and taking over for warren smith. and the starting quarterback. and offensive player of the week. >> his chance to be a hero. >> and it is the big bide receiver. >> and jeremy kelly. and 2:16 to go now. number 1 and sousa, and they have the ability to knock it down. >> 2nd down d and almost has it intercepted. and sean ware can't believe it. captain linebacker thought he had it in his paws and two minutes to go, andy. >> vasso knock it is down the corner. and here...
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Nov 21, 2009
11/09
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when he became chief justice, he succeeded warren berger, who had four law clerks and three secretaries. he thought this was wasteful. he could get along fine with three law clerks and two secretaries, and that's what he had. his colleague and friend, justice blackman, after he was retired for a few years, wanted an extra secretary to prepare his papers to give to the library of congress, and he turned him down, because he thought it was a dangerous precedent for retired justices to have more than the one secretary they're allowed under some regulation. and he incurred justice blackman's wrath, but he thought that was the proper thing to do. and i think blackman didn't do it for a while and i can assure you one sect's salary can be lost in the supreme court's budget without much difficulty. he they have had security at his home. while lots of federal judges who were his subordinates by some standards, have security, congressmen have security, he never had any guard, even after bush v. gore. he had a lot of reasons, but the chief reason was, it was a what's lful precedent. if you started
when he became chief justice, he succeeded warren berger, who had four law clerks and three secretaries. he thought this was wasteful. he could get along fine with three law clerks and two secretaries, and that's what he had. his colleague and friend, justice blackman, after he was retired for a few years, wanted an extra secretary to prepare his papers to give to the library of congress, and he turned him down, because he thought it was a dangerous precedent for retired justices to have more...
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Nov 18, 2009
11/09
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goldman sachs and warren buffett are investing $500 million together to help 10,000 small businesses across the country, plus the urban league, they're stepping in. they say they're going to have loans from $5,000 up to $100,000 for small local company likes barber shops, doctors offices, anything kind of in the neighborhood. and today president obama's economic team is going to be meeting with bankers, business owners, policymakers and the whole point that it's a task force to try to do more to help small businesses so that they can hire. robin, back to you. >> all right. thank you, jen. it is starting to turn colder. ew. so we go beyond the surface to find out if what mom used to say is true. do you need to wear a hat to stay warm and avoid catching a cold? >> unfortunately, mom was not exactly right about losing heat from your head. you lose body heat from whatever part is exposed. the real key is what's uncovered and how much surface area it is. there's nothing special. if you walk around with a hat and no pants or shorts, you're going to lose just as much of your body heat throu
goldman sachs and warren buffett are investing $500 million together to help 10,000 small businesses across the country, plus the urban league, they're stepping in. they say they're going to have loans from $5,000 up to $100,000 for small local company likes barber shops, doctors offices, anything kind of in the neighborhood. and today president obama's economic team is going to be meeting with bankers, business owners, policymakers and the whole point that it's a task force to try to do more...
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Nov 22, 2009
11/09
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people that understood credit derivatives who understood what warren buffett calls financial weapons of mass destruction. we have experts and they were not being consulted. we do not have financial talent not being consulted. those men upstairs, did not want to be exposed for all they did not understand. 2006 through 2007 they started to see people stand up and courageous and brave people start to stand up. i will never forget june 6, 2005, we were in a meeting with all of the traders, risktakers, research analyst and michael started to do something which was very unusual. most people on wall street in the big meetings are very politically correct but also very financially correct in terms of not wanting to upset the people on the 31st floor. and michael, along with others, i will never forget how he started to question the evil financial products in the system, the evil mortgages that started off at 2% and then maybe a year and a half later or two years later are up at nine or 10 or 11% resetting and the commissions that the mortgage people around our country coming the incentives t
people that understood credit derivatives who understood what warren buffett calls financial weapons of mass destruction. we have experts and they were not being consulted. we do not have financial talent not being consulted. those men upstairs, did not want to be exposed for all they did not understand. 2006 through 2007 they started to see people stand up and courageous and brave people start to stand up. i will never forget june 6, 2005, we were in a meeting with all of the traders,...
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Nov 22, 2009
11/09
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rick warren did a wonderful job at this as the reports in his book. and yet despite all of that, we also have a country that's far less doctrinaire. even the mega- churches don't emphasize doctrine. in fact, doctrine is found upon my friend, ben marks colleague, david brooks. he has a line which he says americans don't want a last judgment with the almighty, you want a last discussion. [laughter] all of this really came to a head i think in 2008 and it's still there now. if you look at that old real majority, mccain did great. he got 55% of the white vote. that's usually enough to get you elect did. 56% of those are the reagan generation. those are the people that came of age politically when ronald reagan was president. he got 52% of married voters, 65% of white protestants, 55% of those who went to church weekly. but you look at that and you say, zero my goodness, this man should have been elected. and by the way 90% of mccain's vote was white. that would work very well, even as recently as 1992, as mark and i have talked about this. is that real ma
rick warren did a wonderful job at this as the reports in his book. and yet despite all of that, we also have a country that's far less doctrinaire. even the mega- churches don't emphasize doctrine. in fact, doctrine is found upon my friend, ben marks colleague, david brooks. he has a line which he says americans don't want a last judgment with the almighty, you want a last discussion. [laughter] all of this really came to a head i think in 2008 and it's still there now. if you look at that old...
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Nov 22, 2009
11/09
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does something, and the supreme court in a series of decisions that were predominantly through the warren court before and after as well adopt it -- adopted a view called selective incorporation. that meant that certain rights like the fourth amendment, which protect unreasonable search and seizure, it is deemed to have been incorporated through the 14th amendment, protection of the right to due process without deprivation of life, liberty, and property. now, the second amendment had been floating along, and the court has not addressed the questions specifically as to whether the second amendment is inc. against state action. after i guess the last inc decision was 30, 40 years ago, we are now addressing the fascinating question of constitutional law, which is whether or not the second amendment should be protecting the rights of persons in the face of state action or local city ordinance action. and the question is really one that involves a long history of how we treat certain rights as fundamental rights, certain rights as rights that are so important that when the post civil war count
does something, and the supreme court in a series of decisions that were predominantly through the warren court before and after as well adopt it -- adopted a view called selective incorporation. that meant that certain rights like the fourth amendment, which protect unreasonable search and seizure, it is deemed to have been incorporated through the 14th amendment, protection of the right to due process without deprivation of life, liberty, and property. now, the second amendment had been...
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Nov 27, 2009
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chief justice warren burger decided he wanted to make it to the theme of the room. the cord donated a portrait of william marbury. there needed to be a companion portrait. they are literally on the wall of the small dining room. >> mark murray and madison is probably the most famous case discord ever decided. the idea of judicial review for constitutionality i think is implicit in the constitution. john marshall made it explicit in the greed case of marbury vs. madison. >> there is no one case that says as much to a justice about what it is like to be a justice. a marbury vs. madison is the embodiment of judicial review. there is no quotation and all of the history of supreme court writing that justices were not referred to repeat than the phrase that says "it is emphatically the power and the duty of the judiciary to say what the law is." that is a quote from john marshall. >> would call him the great chief. use the first person to take the job seriously. they would call him the great chief. he was the first person to take the job seriously. that means they get to
chief justice warren burger decided he wanted to make it to the theme of the room. the cord donated a portrait of william marbury. there needed to be a companion portrait. they are literally on the wall of the small dining room. >> mark murray and madison is probably the most famous case discord ever decided. the idea of judicial review for constitutionality i think is implicit in the constitution. john marshall made it explicit in the greed case of marbury vs. madison. >> there is...
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Nov 21, 2009
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and he stepped up big with warren smith at james madison early. >> and in 19797, the defensive player of the week. and william and mary. >> you are going to play. >> and this grid adrian. >> and he they had them to the 20-17 win over. and three so low, and two sacks. he can play. and moves the pocket and rushes the quarterback. he is a heck of a defender. >> three steps behind the line of scrimmage. and 20-17. it edges unh. and we will look at special teams. from delaware. it is job strivsky and they had lost to navy on saturday. >> a kicker for crying out lowt. >> and when you account for all scoring. >> you got to give it. >> with the high of 48-yard kick is now concerted on 39 field goal tries. in the four year career try. >> rookie of the week. kyle hunt. northeastern. and this is the second time hunt has earned the award. and you know, you are playing pretty well at fick and forced fumble in their win over hofstra at home. and when you are on a bad football team. you are a good player. >> out of brookline, mass. >> from northeast stern and the huskies. >> here in durham, 17-10. t
and he stepped up big with warren smith at james madison early. >> and in 19797, the defensive player of the week. and william and mary. >> you are going to play. >> and this grid adrian. >> and he they had them to the 20-17 win over. and three so low, and two sacks. he can play. and moves the pocket and rushes the quarterback. he is a heck of a defender. >> three steps behind the line of scrimmage. and 20-17. it edges unh. and we will look at special teams. from...
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Nov 28, 2009
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another example nonproliferation issue, warren buffett, on his own, pledged $25 million to fund a nuclear fuel bank under international supervision, if, if the u.s. government matched it. you may not have heard of it, but the bush administration matched him, $25 million. other countries have ponied up and raised the $100 million to make this move toward reality. so that shows some of the difference just one individual can make in foreign policy terms. that's a new development. second example, kiva, this means agreement in swahili. it shows potential for innovative individuals to in a sense make diplomacy without any explicit government authorization. kiva uses the power of the internet to connect directly via pay pal, private citizens, who want to lend money to aspiring entrepreneurs in the developing world. so, in may of 2007 for example kiva added the first iraqi entrepreneurs to the website. with this disclaimer and i want to read it to you, quote col d'izoard entrepreneur is from a volatile region with security situation remains unsettled. lenders to the business should be aware that
another example nonproliferation issue, warren buffett, on his own, pledged $25 million to fund a nuclear fuel bank under international supervision, if, if the u.s. government matched it. you may not have heard of it, but the bush administration matched him, $25 million. other countries have ponied up and raised the $100 million to make this move toward reality. so that shows some of the difference just one individual can make in foreign policy terms. that's a new development. second example,...
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Nov 27, 2009
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chief justice warren burger decided he wanted to make it to the theme of the room. the cord donated a portrait of william marbury. there needed to be a companion portrait. they are literally on the wall of the small dining room. >> mark murray and madison is probably the most famous case discord ever decided. the idea of judicial review for constitutionality i think is implicit in the constitution. john marshall made it explicit in the greed case of marbury vs. madison. >> there is no one case that says as much to a justice about what it is like to be a justice. a marbury vs. madison is the embodiment of judicial review. there is no quotation and all of the history of supreme court writing that justices were not referred to repeat than the phrase that says "it is emphatically the power and the duty of the judiciary to say what the law is." that is a quote from john marshall. >> would call him the great chief. use the first person to take the job seriously. they would call him the great chief. he was the first person to take the job seriously. that means they get to
chief justice warren burger decided he wanted to make it to the theme of the room. the cord donated a portrait of william marbury. there needed to be a companion portrait. they are literally on the wall of the small dining room. >> mark murray and madison is probably the most famous case discord ever decided. the idea of judicial review for constitutionality i think is implicit in the constitution. john marshall made it explicit in the greed case of marbury vs. madison. >> there is...
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Nov 28, 2009
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and i look at my teammates from the steelers and i look at guys who i've coached, derrick brooks and warren sapp and peyton manning, marvin harrison. those guys put up numbers and did changes that changed the game, that they should be in. that's the way i look at it. i kind of just did my job. >>> coming up on "vizio profiles," one of dungy's discipl disciples' next stop will likely be kansas. find out what makes tunny so he helped mold into the great players and even a greater person. caption t ideas about all the discounts we're offering. i've got some catchphrases that'll make these savings even more memorable. gecko: all right... gecko: good driver discounts. now that's the stuff...? boss: how 'bout this? gecko: ...they're the bee's knees? boss: or this? gecko: sir, how 'bout just "fifteen minutes could save you fifteen percent or more on car insurance." boss: ha, yeah, good luck with that catching on! anncr: geico. fifteen minutes could save you fifteen percent or more on car insurance. >>> he is known for building championship teams and championship character. and no player embodies t
and i look at my teammates from the steelers and i look at guys who i've coached, derrick brooks and warren sapp and peyton manning, marvin harrison. those guys put up numbers and did changes that changed the game, that they should be in. that's the way i look at it. i kind of just did my job. >>> coming up on "vizio profiles," one of dungy's discipl disciples' next stop will likely be kansas. find out what makes tunny so he helped mold into the great players and even a...
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Nov 19, 2009
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you can see that full interview with elizabeth warren on cnnmoney.com. >> thank you, poppy. >>> former miss california usa is fighting back after news of a sex tape. who she could be turning to for help. >>> if you're taking a flight today, you may be in for a wait. the system they use to document their flight plans crashed. air traffic controllers had to enter flight plans by hand which is clearly much slower than using the automated system. the faa says the problem has been fixed. airtran seems to be the hardest hit airline. they had to cancel 22 flights. a spokesperson says, we will be a mess all day. just so you know. >>> former beauty queen carrie prejean is trying to work to save her career in light of the sex tape scandal. there are reports she is turning to the donald -- donald trump, once again. "showbiz tonight's" a.j. hammer is in new york. she's asking the donald for advice? i know donald thinks he's pretty wise. >> yeah, he does think highly of himself. but this is what we're hearing. and donald trump owns the miss usa pageant where all the carrie controversy began. accord
you can see that full interview with elizabeth warren on cnnmoney.com. >> thank you, poppy. >>> former miss california usa is fighting back after news of a sex tape. who she could be turning to for help. >>> if you're taking a flight today, you may be in for a wait. the system they use to document their flight plans crashed. air traffic controllers had to enter flight plans by hand which is clearly much slower than using the automated system. the faa says the problem has...
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Nov 21, 2009
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people like warren buffet would no longer be subsidized by people who work at the restaurant. we didn't get one vote for that. we passed it by having the vice president come sit in the chair and vote to break the tie. that was $10 billion over five years. i think this idea that you're going to do $1 trillion over ten years and pay for this, well, first off, if you're going to reduce medicare spending or raise medicare taxes, it should go to pay for medicare solvency because medicare is insolvent. it shouldn't go to create a new entitlement. senior citizens who have been paying into medicare all their life shouldn't have their money taken to start a brand-new entitlement for other people. and that's what this bill does. but as a practical matter, that's -- we're not going to do that. we know that. we know this is all going on the debt. 90% of this is going to end up on the debt, i think. mr. bond: i thank my colleague from new hampshire because he has been a very solid, consistent, credible voice. and what he is pointing out today, madam president, is that the legislation we're
people like warren buffet would no longer be subsidized by people who work at the restaurant. we didn't get one vote for that. we passed it by having the vice president come sit in the chair and vote to break the tie. that was $10 billion over five years. i think this idea that you're going to do $1 trillion over ten years and pay for this, well, first off, if you're going to reduce medicare spending or raise medicare taxes, it should go to pay for medicare solvency because medicare is...
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Nov 21, 2009
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southwest ohio, cincinnati, in the three adjoining counties to hamilton, claremont, warren, and butler, those four counties, two insurance companies, two insurance companies control 85% of the insurance policies in those four counties. with that lack of competition, the quality is low and cost is high with that insurance. injecting that public option will -- putting the existence of that public option will inject competition and make those insurance companies work better. the first hrert is -- letter is patricia from hamilton county. i am a senior. i have a supplemental insurance plan with reasonable co-pays but that have continued to rise. i don't have any patriotic accessing the care -- i don't have any problem accessing the care i need now. however i have multiple sclerosis. when i was younger i was subjected to the preexisting condition inclusion. fortunately i was employed by the state which allowed me to secure a reasonable health plan. it is our responsibility as citizens to make sure all of our people have good health care coverage. a public option will ensure this happens. whe
southwest ohio, cincinnati, in the three adjoining counties to hamilton, claremont, warren, and butler, those four counties, two insurance companies, two insurance companies control 85% of the insurance policies in those four counties. with that lack of competition, the quality is low and cost is high with that insurance. injecting that public option will -- putting the existence of that public option will inject competition and make those insurance companies work better. the first hrert is --...
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Nov 25, 2009
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and that was the deal that former secretary warren christopher was actually deputy secretary at the time. the deal that he negotiated through the algerians to get the germans and then the algerians to get us out of tehran. if you read the accounts and i talk about this in the book, there are much more detailed account that he himself and others have written. by september of 1980, the deal was done. he had met with an authoritative iranian counterpartin germany. each side was laid out its conditions. there were no deal breakers in it. especially the deal was ready to be made. it took from september to january of the next year, so about four months to actually work the deal -- berkeley deal. and there were times that i understand at least the american side was ready to throw off its hands and say we'll never get this done. and it was the algerian intermediaries that kept coming back and say no, keep out of it. keep doing it. it's a little bit like i said about your assumptions and preconceptions. if you go on with the assumption that this will never work, this will never work, then it prob
and that was the deal that former secretary warren christopher was actually deputy secretary at the time. the deal that he negotiated through the algerians to get the germans and then the algerians to get us out of tehran. if you read the accounts and i talk about this in the book, there are much more detailed account that he himself and others have written. by september of 1980, the deal was done. he had met with an authoritative iranian counterpartin germany. each side was laid out its...
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Nov 22, 2009
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of total points on this washington team, brendan morrison back on the ice taking the faceoff against warren primeau. he seems to have been rejuvenated >> craig: no, ma'am encumberred by the brace he has been wearing. i think physical therapy, you a the training he did, the system fits perfectly in washing tonight one of the reasons, he elected to sign with the caps. he has been better than expected. he has been all over the place, a q b on the back line on the power play and he has that secondary scoring to that line that desperately needs it. he had the last goal last night that turns out to be a 3-2 loss to montreal. he brendon morrison had not missed game in many seasons until all the injuries started could many craig ostertag up >> joe: sharp angle, stopped by toskala. toskala and varlamov have been the stars in the spotlight. both have been very good. jamal mayers, drifting wide. to varlamov and he will squeeze. 1-0 washington. the only goal provided by varm's country man, alex ovechkin has d.c. in front. >> joe: bruce boudreau, caps coach, former maple leafs player >> craig: he had so
of total points on this washington team, brendan morrison back on the ice taking the faceoff against warren primeau. he seems to have been rejuvenated >> craig: no, ma'am encumberred by the brace he has been wearing. i think physical therapy, you a the training he did, the system fits perfectly in washing tonight one of the reasons, he elected to sign with the caps. he has been better than expected. he has been all over the place, a q b on the back line on the power play and he has that...
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Nov 4, 2009
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. >>> and warren buffett says he's putting all his chips in and betting on america's future. he made the biggest deal of his life yesterday. he's spending $44 billion, because berkshire hathaway is buying the railroad. if you don't know who buffett is, he's considered the world's smartest investor. he's one of the richest men in the world and calls this an all-in wager on the economic future of the u.s. the idea is if the economy coming back, railroads pick up. >>> if you're traveling this morning, bob's got what you need to know. >> pretty good day, i think. just one weak clipper type storm in the great lakes. the clouds are out for minneapolis right now. a 30 minute delay at msp. the rain around indiana, lower michigan, planes coming out of o'hare, no problem. rain is out there. i'm still going for about a half hour delay towards cleveland, detroit, too. also towards chicago later today. lax, watch for delay this is morning. >>> remember the football player who tried to gouge out the eyes of another player? we're hearing from the victim and you may be surprised about what h
. >>> and warren buffett says he's putting all his chips in and betting on america's future. he made the biggest deal of his life yesterday. he's spending $44 billion, because berkshire hathaway is buying the railroad. if you don't know who buffett is, he's considered the world's smartest investor. he's one of the richest men in the world and calls this an all-in wager on the economic future of the u.s. the idea is if the economy coming back, railroads pick up. >>> if you're...
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Nov 28, 2009
11/09
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warren buffett on his own pledged $25 million to fund a nuclear fuel bank under international supervision if, if the u.s. government matched him. you may not have heard of it but the bush administration matched him $25 million. other countries have ponied up and have raised $100 million to make this move toward reality. so that shows some of the difference that just one individual can make in foreign policy terms. that's a new development. second example, kiva which means agreement swahili. kiva uses the power of the internet to connect directly via paypal private citizens who want to lend money to aspiring entrepreneurs in the developing world. so in may 2007, for example, kiva added the first iraqi entrepreneurs to its website. with this disclaimer and i want to read it to you. this entrepreneur is from a volatile region where the security situation remains unsettled. lenders to this business should be aware that this loan may represent a higher risk and accept this additional risk in making their loan. despite this warning, all the loans were fully funded within a few hours largely by
warren buffett on his own pledged $25 million to fund a nuclear fuel bank under international supervision if, if the u.s. government matched him. you may not have heard of it but the bush administration matched him $25 million. other countries have ponied up and have raised $100 million to make this move toward reality. so that shows some of the difference that just one individual can make in foreign policy terms. that's a new development. second example, kiva which means agreement swahili....
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Nov 5, 2009
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. >> that's what warren buffett is building. >> good for him. thanks, randi. thank you and thanks to all of my guests tonight. good night, everybody. -- captions by vitac -- www.vitac.com >>> breaking news tonight. live, ohio. cops raid the home of a convicted sex offender accused of yet another sex attack. inside his three-story cleveland home, seasoned detectives stunned. women's bodies hidden throughout. bodies on every floor of the home, even stuffed in crawl spaces. bombshell tonight -- in the last 24 hours, the body count rises. now, 11 dead women in the three-story home of former marine anthony sowell. and the excavation goes on. so far only one positive i.d. made. reported missing one year ago, a mother of two girls and one boy. tonia carmichael i.d.'d through dental records. also i.d.'d in the last 24 hours. tonight, her daughter with us. her mother's body hidden in this house of horrors for the last year. just hours ago, sowell in full shackle in court and in yet another bizarre twist, we confirm just weeks after sowell's release from the pen, he lis
. >> that's what warren buffett is building. >> good for him. thanks, randi. thank you and thanks to all of my guests tonight. good night, everybody. -- captions by vitac -- www.vitac.com >>> breaking news tonight. live, ohio. cops raid the home of a convicted sex offender accused of yet another sex attack. inside his three-story cleveland home, seasoned detectives stunned. women's bodies hidden throughout. bodies on every floor of the home, even stuffed in crawl spaces....
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Nov 8, 2009
11/09
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. >> that's what warren buffett is building. >> good for him. thanks, randi. thank you and thanks to all of my guests tonight. good night, everybody. >>> breaking news tonight. live, ohio, cops raid the home of a convicted sex offender accused of yet another sex attack. inside his three-story cleveland home, seasoned detectives stunned, women's bodies hidden throughout, bodies on every floor of the home, even stuffed in crawl spaces. bombshell tonight, in the last 24 hours, the body count rises. now, 11 dead women in the three-story home of former marine, anthony sowell. and the excavation goes on. so far, only one positive i.d. made. reported missing one year ago, a mother of two girls and one boy, tonia carmichael. i.d.'d through dental records. also, i.d.'d in the last 24 hours. tonight, her daughter with us. her mother's body hidden in this house of horrors for the last year. just hours ago, sowell, in full shackle, in court. and yet another bizarre twist, we confirm just weeks after sowell's release from the pen, he lists himself on a sex website seeking
. >> that's what warren buffett is building. >> good for him. thanks, randi. thank you and thanks to all of my guests tonight. good night, everybody. >>> breaking news tonight. live, ohio, cops raid the home of a convicted sex offender accused of yet another sex attack. inside his three-story cleveland home, seasoned detectives stunned, women's bodies hidden throughout, bodies on every floor of the home, even stuffed in crawl spaces. bombshell tonight, in the last 24 hours,...
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Nov 18, 2009
11/09
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they and warren buffett will invest $500 million to help 10,000 small businesses across the country. so that's one action point. second action point, the urban league also stepping in. they really give loans in, really, urban areas. for very small companies like barber shops, dry cleaners, also doctors' offices as well. those two action points. one talking point. today's president obama's economic team will meet on the same issue. >> very important as you told us before. small businesses comprise a majority, if not close to majority of our economy. we've got to get them going. thanks, jen. >>> president obama had a rare reyoon you yin with his half brother. in his new book, hi claims their father physically abused them, but would not say if the subject came up when they met briefly in the president's hotel. >> we just had a big hug, and my wife and he had a big, big hug, and it was very, very powerful. very intense, because he's my big brother. >> big brother. >>> president obama says she has not read his half brother's book but says it's no secret their father was trouble. >>> a tex
they and warren buffett will invest $500 million to help 10,000 small businesses across the country. so that's one action point. second action point, the urban league also stepping in. they really give loans in, really, urban areas. for very small companies like barber shops, dry cleaners, also doctors' offices as well. those two action points. one talking point. today's president obama's economic team will meet on the same issue. >> very important as you told us before. small businesses...
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Nov 5, 2009
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. >> that's what warren buffett is building. >> good for him. thanks, randi. thank you and thanks to all of my guests tonight. good night, everybody. hahahahaha >>> breaking news tonight. live, ohio. cops raid the home of a convicted sex offender accused of yet another sex attack. inside his three-story cleveland home, seasoned detectives stunned. women's bodies hidden throughout. bodies on every floor of the home, even stuffed in crawl spaces. bombshell tonight -- in the last 24 hours, the body count rises. now, 11 dead women in the three-story home of former marine anthony sowell. and the excavation goes on. so far only one positive i.d. made. reported missing one year ago, a mother of two girls and one boy. tonia carmichael i.d.'d through dental records. also i.d.'d in the last 24 hours. tonight, her daughter with us. her mother's body hidden in this house of horrors for the last year. just hours ago, sowell in full shackle in court and in yet another bizarre twist, we confirm just weeks after sowell's release from the pen, he lists himself on a sex website
. >> that's what warren buffett is building. >> good for him. thanks, randi. thank you and thanks to all of my guests tonight. good night, everybody. hahahahaha >>> breaking news tonight. live, ohio. cops raid the home of a convicted sex offender accused of yet another sex attack. inside his three-story cleveland home, seasoned detectives stunned. women's bodies hidden throughout. bodies on every floor of the home, even stuffed in crawl spaces. bombshell tonight -- in the...
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Nov 3, 2009
11/09
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. >>> in about an hour, attorneys for polygamist church leader warn je warren jefs jeffs are expected to appear before a judge. he is the head of the fundamentalist church of jesus christ of latter day saints. >>> lawyers for the d.c. area sniper mastermind are planning to appeal to the supreme court to spare his life. john allen muhammad is scheduled to die by lethal injection next week. attorneys for muhammad say they plan to file the appeal today. his aycock police is serving life in prison. >>> if you've ever lost your luggage, hope it wasn't in phoenix. more than 1,000 piece of luggage have been found in a home just outside the city. police say the couple that live there stole it all from the sky harbor international airport from passengers there. the couple is now under arrest. >>> if you haven't bought your airline ticket for holiday travel yet, you might want to get on that. why travel experts are advising people to buy their air fare so early this year. >>> clark howard serves in the georgia state guard. this weekend you'll see him serving the troops. clark and robin meade te
. >>> in about an hour, attorneys for polygamist church leader warn je warren jefs jeffs are expected to appear before a judge. he is the head of the fundamentalist church of jesus christ of latter day saints. >>> lawyers for the d.c. area sniper mastermind are planning to appeal to the supreme court to spare his life. john allen muhammad is scheduled to die by lethal injection next week. attorneys for muhammad say they plan to file the appeal today. his aycock police is...
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Nov 4, 2009
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berry warren also with us and welcome back john lucich former criminal investigator also with expertise in cyber crimes. john starting with you. we know kids are going to be on the internet. we are not putting our head in the sound here but want to sound the alarm there are dangers out there. let me read a quick stat, february myspace kicked out 90,000 sex offenders, john they are on those sites and trolling for kids, aren't they? >> exactly. when we grew up our parents were teaching us things. today because of technology, kids growing up with technology, the kids have to teach the parents so the parents are way behind in technology and don't understand it. these kids can do things parent don't even know how to do, not only online but has to do with digital devices. all of a sudden this kid has more knowledge than the parents and almost impossible to track the kids. while there are software products out there it is the parent that probably needs the kid to help install sdplit that's the story we here kids teaching parents to navigate through modern technology. judy, how rampant is that
berry warren also with us and welcome back john lucich former criminal investigator also with expertise in cyber crimes. john starting with you. we know kids are going to be on the internet. we are not putting our head in the sound here but want to sound the alarm there are dangers out there. let me read a quick stat, february myspace kicked out 90,000 sex offenders, john they are on those sites and trolling for kids, aren't they? >> exactly. when we grew up our parents were teaching us...
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Nov 29, 2009
11/09
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host: warren, ohio for the never forget 9/11 coalition on the republican line. allen, are you there? allen from ohio? caller: am io on. caller: i have to u support the gentlemen. this president has abandoned the american people 100 (ercent from healthcare to afghanistan, to the um... you know this thing hq said he was going to have transparency in his court. he's just misleading our country down. i initially called him a piper jaffraye piper. i codify that with he's also with the 40 thieves they're just republican line. bill? caller: first of all, i'd like to about your statement about new york police. i lived there for five years and i guarantee you, your more afraid of the police than you are al& of criminal use got there and you got a lot of criminals. i left the state. i couldn't stand it anymore. your scared to death to walk down the street. the police will jump you. another thing - hosá: caller, go ahead. caller: i would like to say crimes you're talking about. what about our war crimes when we were in vietnam at the when captain cali killed 300 people. o
host: warren, ohio for the never forget 9/11 coalition on the republican line. allen, are you there? allen from ohio? caller: am io on. caller: i have to u support the gentlemen. this president has abandoned the american people 100 (ercent from healthcare to afghanistan, to the um... you know this thing hq said he was going to have transparency in his court. he's just misleading our country down. i initially called him a piper jaffraye piper. i codify that with he's also with the 40 thieves...
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Nov 27, 2009
11/09
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ask warren buffett about our recession. he just bought a $24 billion railroad. ask oprah winfrey, buying a whole television network. it does not make any sense. all of these rich folks like rush limbaugh makes $53 million last year and he is telling us how bad we are off. i just don't buy it because since this president has been in there, he has been in there 10 months -- not a year. he took over january 19. they keep saying he has been there a year and already i had a tax cut, stimulus jack, my unemployment benefits have been extended twice. food stamps. what more do they want the president to do? host: we will have to leave it there. i apologize but we are leaving it only because of our next segment which deals with the economy. it this time specifically looking at the housing market. not only commercial -- residential area but commercial as well. dawn kopecki from bloomberg will talk about it next. [captioning performed by national captioning institute] [captions copyright national cable satellite corp. 2009] >> saturday to look back at the cuban missile -- c
ask warren buffett about our recession. he just bought a $24 billion railroad. ask oprah winfrey, buying a whole television network. it does not make any sense. all of these rich folks like rush limbaugh makes $53 million last year and he is telling us how bad we are off. i just don't buy it because since this president has been in there, he has been in there 10 months -- not a year. he took over january 19. they keep saying he has been there a year and already i had a tax cut, stimulus jack,...
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Nov 26, 2009
11/09
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uses food stamps at some point during their childhood said mark rink, a poverty expert at the george warren school of social work at washington university. his steady entitled estimating the risk of food stamp use an empowerments with in the adolescent medicine found 90% of african-american children will be on food stamps at some point in their life. nearly one-quarter of all american children will be in households that use food stamps for five years or more. 91% of children of single mothers, of single parents will be in households receiving food stamps. 91%. another study says 14% of americans are now short on food, more than 49 million americans, one in seven struggle to get enough to eat. the highest level in 14 years. so here we are, these workers and their families are the new working for. they are unable to put enough food on the table for their children or even for themselves. they are facing incomes that are being depleted, facing job insecurity, bankruptcy and foreclosures ed record highs and what does the congress do? they say these impoverished americans which is a big group of
uses food stamps at some point during their childhood said mark rink, a poverty expert at the george warren school of social work at washington university. his steady entitled estimating the risk of food stamp use an empowerments with in the adolescent medicine found 90% of african-american children will be on food stamps at some point in their life. nearly one-quarter of all american children will be in households that use food stamps for five years or more. 91% of children of single mothers,...
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Nov 27, 2009
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. >> joyce in warren, michigan, we have five minutes left with our guest on "in depth." so please go ahead. >> caller: i'm so glad to see you on tv. i'm a registered nurse. i'm 60 years old. my son-in-law is very high functioning asperger's with a ph.d. in mathematics. my grandson i am certain he has asperger's as well. and i'm just wondering -- i mean, there's always been asperger's cases but the frequency now that -- the communities that have them, what do you think is the basis for this besides genetics? >> well, i think the asperger's have always been here. i don't think asperger's has increased. i find tons of them undiagnosed out in the meat industry doing a lot of technical jobs. i've been interviewed by a lot of journalists. i've seen radio station engineers, tv engineers, cameramen and stuff that i know are on the spectrum all undiagnosed asperger's always has been here. more are getting diagnosed here and more are getting into more and more problems and i think some of that is our less structured society. i think our less structured society today hurts the aspe
. >> joyce in warren, michigan, we have five minutes left with our guest on "in depth." so please go ahead. >> caller: i'm so glad to see you on tv. i'm a registered nurse. i'm 60 years old. my son-in-law is very high functioning asperger's with a ph.d. in mathematics. my grandson i am certain he has asperger's as well. and i'm just wondering -- i mean, there's always been asperger's cases but the frequency now that -- the communities that have them, what do you think is...
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Nov 26, 2009
11/09
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uses food stamps at some point during their childhood said mark rink, a poverty expert at the george warren school of social work at washington university. his steady entitled estimating the risk of food stamp use an empowerments with in the adolescent medicine found 90% of african-american children will be on food stamps at some point in their life. nearly one-quarter of all american children will be in households that use food stamps for five years or more. 91% of children of single mothers, of single parents will be in households receiving food stamps. 91%. another study says 14% of americans are now short on food, more than 49 million americans, one in seven struggle to get enough to eat. the highest level in 14 years. so here we are, these workers and their families are the new working for. they are unable to put enough food on the table for their children or even for themselves. they are facing incomes that are being depleted, facing job insecurity, bankruptcy and foreclosures ed record highs and what does the congress do? they say these impoverished americans which is a big group of
uses food stamps at some point during their childhood said mark rink, a poverty expert at the george warren school of social work at washington university. his steady entitled estimating the risk of food stamp use an empowerments with in the adolescent medicine found 90% of african-american children will be on food stamps at some point in their life. nearly one-quarter of all american children will be in households that use food stamps for five years or more. 91% of children of single mothers,...
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Nov 28, 2009
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in 1996, warren miller wrote a book the new american voter." it suggested the party unification outside the south was stronger than previously thought. it also highlighted an important trend. i refer to the non-engagement of young americans. the data tells us the story. in 1950, about 7% of americans, young americans, consider themselves independent. by 1990, that figure jumped to nearly 20%. nearly 2/3 of young voters in the 1950's and 1960's regularly read stories about elections. that number dropped to 45%. party unity in congress is interesting. increased at precisely the same time the party identification plummeted. recent levels have shifted a bit, much to barack obama's consternation how could party unity scores increase while party identification declined? there are a number of likely explanations. as voters moved away from partisan labels and as young voters stayed on the sidelines, the composition of the primary electorate changed. the small group of hard-core partisans selected like-minded congressional candidates who felt
in 1996, warren miller wrote a book the new american voter." it suggested the party unification outside the south was stronger than previously thought. it also highlighted an important trend. i refer to the non-engagement of young americans. the data tells us the story. in 1950, about 7% of americans, young americans, consider themselves independent. by 1990, that figure jumped to nearly 20%. nearly 2/3 of young voters in the 1950's and 1960's regularly read stories about elections. that...
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Nov 1, 2009
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elizabeth warren who chairs congress's oversight committee says fees are the real way banks make their money. >> the truth is there will be another fee tomorrow and another the day after and another the day after that because they're all hidden you can't find them. the first time most people discover them is when they have to pay them. >> abrams complained to the bank twice before going to the top and writing a letter to then ceo, ken lewis and that made the difference. his fees were removed but the frustration remains. >> i really think it's unfair, especially coming from in light of what's going on with the banks now they're being bailed out by the government. i think they have some kind of responsibility to consumers. >> back with us john from credit.com. we've seen a lot of trouble in the market recently. people have noticed their credit limits are dropping credit charges, particularly interest rising. the pugh study we talked about a minute ago say rates have gone up 20% in the first two quarters of this year a big, big change. are these credit card operators just trying to get in
elizabeth warren who chairs congress's oversight committee says fees are the real way banks make their money. >> the truth is there will be another fee tomorrow and another the day after and another the day after that because they're all hidden you can't find them. the first time most people discover them is when they have to pay them. >> abrams complained to the bank twice before going to the top and writing a letter to then ceo, ken lewis and that made the difference. his fees...
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Nov 27, 2009
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for an independent consume summer your lawn mauer breaks today, you can call somebody and say, the warren ties aren't there. who can help me out to get my money back from a faulty consumer product. who do you call? when all of a sudden you're mr. livieri. you've been taken to the cleaners. he called his senator. you shouldn't have to call your senator. >> and if he calls the bank regulatory industry, they'll say this is legal. they can charge you any monument, any number of fees, over and over for the same overdraft. there are no limits on what the banks can do in this area. you're correct that a consumer financial protection agency would be very important to keep this kind of abusive practice from getting out of hand. >> mr. pollack, you're in the business of financial services. do you have any reaction to this? >> at pfcu, we believe that the cfp sarvings a good idea. we think that the ant of an agency to focus solely on consumer protection will make that agency more effective. the fact of the matter is that today regulators have a very difficult job and have to cover a lot of ground an
for an independent consume summer your lawn mauer breaks today, you can call somebody and say, the warren ties aren't there. who can help me out to get my money back from a faulty consumer product. who do you call? when all of a sudden you're mr. livieri. you've been taken to the cleaners. he called his senator. you shouldn't have to call your senator. >> and if he calls the bank regulatory industry, they'll say this is legal. they can charge you any monument, any number of fees, over and...
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Nov 30, 2009
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uses food stamps at some point during their childhood said mark rink, a poverty expert at the george warren school of social work at washington university. his steady entitled estimating the risk of food stamp use an empowerments with in the adolescent medicine found 90% of african-american children will be on food stamps at some point in their life. nearly one-quarter of all american children will be in households that use food stamps for five years or more. 91% of children of single mothers, of single parents will be in households receiving food stamps. 91%. another study says 14% of americans are now short on food, more than 49 million americans, one in seven struggle to get enough to eat. the highest level in 14 years. so here we are, these workers and their families are the new working for. they are unable to put enough food on the table for their children or even for themselves. they are facing incomes that are being depleted, facing job insecurity, bankruptcy and foreclosures ed record highs and what does the congress do? they say these impoverished americans which is a big group of
uses food stamps at some point during their childhood said mark rink, a poverty expert at the george warren school of social work at washington university. his steady entitled estimating the risk of food stamp use an empowerments with in the adolescent medicine found 90% of african-american children will be on food stamps at some point in their life. nearly one-quarter of all american children will be in households that use food stamps for five years or more. 91% of children of single mothers,...
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Nov 25, 2009
11/09
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CSPAN2
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ipo, which going to be a insurance company that was going to be located right down the street from warren buffett in omaha, nebraska. only the day the deal priced did the sec learn that there were some activities about the activity. and the ipo was withdrawn, and the whole scheme unfolded. and he and his coconspirators were set on bail. despite all of the due diligence by banks and investment banking firms, this individual was able to pull this off for a number of years. that's one that always stuck in my mind. >> well, we can take one more here in the audience. >> just following up on the short selling question. so a year ago, we had the ban on short selling of financial. obviously in emergency situation, extraordinary circumstances, there were benefits and disadvantages. that seemed to be a function of responding to the price as opposed to fraud. how do you feel about that now looking a year back, and what about the converse if we have a bubble and prices were moving very quickly to the upside, would you support some kind of ban on the purchasing of financial stocks? >> you know, i thin
ipo, which going to be a insurance company that was going to be located right down the street from warren buffett in omaha, nebraska. only the day the deal priced did the sec learn that there were some activities about the activity. and the ipo was withdrawn, and the whole scheme unfolded. and he and his coconspirators were set on bail. despite all of the due diligence by banks and investment banking firms, this individual was able to pull this off for a number of years. that's one that always...
160
160
Nov 24, 2009
11/09
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example, first, that i was affected by personally, and that was the deal that former, former secretary warren christopher who was actually deputy secretary at the time, the deal that he negotiated through the algerians to get -- the germans and then the algerians to get us out of tehran. well, if you read the accounts, and i talk a little bit about this in the book, but you can read much more detailed accounts that he himself and others have written, by september of 1980 the deal was done. he had met with an authoritative iranian counterpart, mr. that bibby, in germany. each side had laid out its conditions. there were no deal breakers in it. essentially, the deal was ready, was ready to be made. it, it took from september to january of the next year, so about four months to actually work the deal, work the deal. and there were times when i understand that at least the american side was ready to throw up its hands. and say, we'll never, we'll never get this done. and it was this the algerian intermediaries that kept coming back and said, no, keep at it. keep doing, keep doing it. it's a littl
example, first, that i was affected by personally, and that was the deal that former, former secretary warren christopher who was actually deputy secretary at the time, the deal that he negotiated through the algerians to get -- the germans and then the algerians to get us out of tehran. well, if you read the accounts, and i talk a little bit about this in the book, but you can read much more detailed accounts that he himself and others have written, by september of 1980 the deal was done. he...