as the economy transitions from this older industrial economy to this newer more knowledge driven, also resource driven. what you see is that structural transformation chrystia and ken talked about imprinted on america's geography. places that are way out on the coast that had economies in the sunbelt built up on the housing boom and credit bubble, las vegas, riverside, california, even places in arizona like yuma over 30% and those old manufacturing centers like detroit, tragically, 15%, in the city the mayor said it could be as high as 50%. you have this other thing going on where college towns next to detroit like ann arbor have low unemployment, medical centers, education technology, boulder, colorado, down in florida, gainesville as well. the knowledge centers of the country, washington, d.c. performing very well. then what's really striking is the plains, bismarck, fargo, lincoln, omaha, nebraska, oklahoma city, that belt. you have this new geography of america where some places almost don't feel the recession and others have been whacked with long run structural unemployment and

to turn the economy around than does economy. mitt romney's economic plan so far is a very hard thing to evaluate. it's hard to come on here and defend it as an economic policy, i see it largely as political. the reforms he says he won't enforce that's a good thing, obama care, dodd/frank financial regulations. the reforms he won't put himself out there in favor of such as tax reform are medicare reform, those are the parts concerning -- i can't give you 100% solid answer whether he could turn the economy run but i am confident he's a better choice than obama. >> as perry slips herman cain benefits. part of the businessman's economic plan is to do away entirely with the existing tax code and replace it with what he call the the nine nine nine plan. 9% corporate tax on corporate income, 9% on personal income and 9% sales tax. really nifty in debates, because he uses it in interviews. chief correspondent for "u.s. news and world report." rick, critics say this is another republican plan that protects the wealthiest and puts an unfa

the 21 economies of apex is the most dynamic of the world. together we equal more than that half of global output. they are opening stores. they are running businesses. they are harvesting crops. they are assembling electronics and designing software. the economist points out that the increase in employment of women in developed countries during the past decade has added more to global growth than china has, and that's a lot. in the united states a study found that women went from holding 37% of all jobs to nearly 48% over the past 40 years. and that in sheer value terms, these williams have punched well above their weight. the productivity gains attributeable to this modest increase in women's overall share of the labor market accounts for approximately one quarter of the current u.s. g.d.p. that works out to more than $3.5 trillion, more than the g.d.p. of germany, and more than half the g.d.p.'s of china and japan. so the promise is clear. what then is the problem? if women are already making such contributions to economic growth, why do w

economy and job creation. it is vitally important to the united states that europe is able to address its issues effectively and in a timely fashion. for this reason the administration has closely engaged with european leaders to encourage them to move forward in an effective way. at the same time, our supervisors have for some time been working closely with the u.s. financial institutions to identify risks and to improve their ability to withstand a variety of contagion events emanating from europe. in managing global risks, one key challenge is to ensure sufficient financing in crisis situations. the european countries themselves are appropriately contributing the bulk of financing to countries in the euro zone periphery. in addition, the imf is an important role of financing and expertise in the effort to contain the crisis with long experience and independent judgment they set strong economic conditions for loans which return countries sustainability by promoting greater stability and safeguarding against

it's good for the economy today. and it will be good for t economy long-term. was there opportunities? he to the opportunity to deal with all three within the first six months. we're now importing auto jobs. we're -- before it was near bankruptcy. i would also are not to get too political too fast but i can't miss the opportunity. which is some people in the remote minority wrote stories and wrote op-eds saying let it go bankrupt. the president of the united states doubled down on the american workers, auto industry not only is stronger, not only creating the jobs today, we also negotiated two fuel efficiency standards that were denied for 30 years, and now the united states went from 2% to 40% of their alternative battery production. at every level the auto industry that was first started here in the united states is strornger and bet irand more prepared for the future than it was when he was in office and 1.2 million manufacturing jobs, and manufacturing base of america, is stronger. now that's not enough. and he'll be the first to admit it. and the next step

we need to finance the russian economy chinese economy and if you have good finance finance if you will for gross ok to do that it's clear that we have to rely on financial centers and that's why devotion projects creating moscow as an international interest center is very important because we need to have a network of financial centers in the word but those financial centers to be sustainable and to fulfill their mission immersed absolutely share common practices common principles common rules that's why we came here in moscow to try to share this european experience and to see what are the best practices that could be conceivable to be implemented in russia all prime minister putin has recently spoken of investing in russia to an audience of global chief executive spotlight. has bore. the first nine months of two thousand and eleven have seen the new one. direct foreign investment into russian economy some of it see also companies investing in russia have recently held a meeting with vladimir putin to praise some of the reforms the company nestlé and all the members of the fianna are

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travel problem economies. i think the chinese are talking about helping somebody you basket case economies like greece and portugal but how far they're willing to go and on what terms i think the chinese are very shrewd bargains when it comes to that and there will be remains to be seen how far that will go what about africa do you think the africans will welcome china replacing the anglo saxons as the patrons of the continent up until now it's been mixed but the chinese have done the one thing that it's extremely clever in terms of their african diplomacy since about two thousand and four two thousand and six and that is they've come in they've ignored the international monetary fund they've come in with soft loans they've built schools hospitals highways dams and so forth across africa and they said our interest is quite simple we want long term secure raw materials oil gas and minerals and the africans are quite happy to have that kind of arrangement the american approach was similar to the british kind of

. >>> then, the economy through the prism of halloween. with ellen davis of the national retail federation. >> when the economy is suffering, halloween spending soars. >> i'm candy crowley. and this is "state of the union." >>> an economic trifecta thursday boosted the administration and maybe the president's re-election chances, too. new figures show the economy grew by 2.5% in the third quarter, almost double the growth in the previous quarter. and european leaders struck a deal to settle greek debt and bolster the euro. then world markets surged in response. wall street ending thursday up over 300 points. >>> meanwhile, out on the campaign trail, the president tried to reconnect with voters where they are hurting. he launched a spate of initiatives he can execute without congressional approval -- helping homeowners with underwater mortgages, lowering student loan payments, training for veterans to work in the health care industry, and informational tools for small businesses. joining me now, senior campaign strategist for the obama re-e

of somalia but it's true if you remove the pirates the economy in somalia would collapse. that's true john the same way that dexia is crucial to the european voting system that's true but it doesn't mitigate the fact that they are frickin pirates well cutter is rumored to be picking up the best assets for fire sale price cutter right of course cutter is going to be putting up the worst of the saudi guy he's always picking things of the absolute top reason worst stock broker that ever lived you know but this is what's happening throughout we've seen throughout the european crisis is real assets real genuine good quality assets get handed out fire sale prices to insiders to the elite the bad assets which are not actually assets but debts that will never be paid back and so therefore are just black holes of nothingness they get handed to the taxpayer so it's confusing like you said the word assets is a confusing term and at the same time they vilify the word commodities commodities are worthless meanwhile they're taking the assets that is nothing but. to buy the good stuff th

of somalia that's true if you remove the pirates the economy in somalia would collapse. that's true jim the same way that dexia is crucial to the european voting system that's true but it doesn't mitigate the fact that they are pretty good pirates well cutter is rumored to be picking up the best assets for. right now of course carter is going to be picking up any worse that other friggin saudi guy he's always pick and things of the absolute top reason were stockbroker of the never left no but this is what's happening throughout we've seen throughout the european crisis is real assets real genuine good quality assets get handed out fire sale prices to insiders to the elites the bad assets which are not actually assets but debts that will never be paid back and so therefore are just black holes of nothingness they get handed to the taxpayer so it's confusing like you said the word assets is a confusing term right and at the same time to vilify the word commodities. is a worthless meanwhile they're taking the assets that is nothing but dead to buy the good stuff that they t

economy? one of america's top bankers says there are signs of life that they're watching. >>> and my conversation with golf great annika sorenstam. how she's teaching winning ways to a new generation of female athletes. "the wall street journal report" begins right now. >> this is america's number one financial news program, "the wall street journal report." now, maria bartiromo. >> a crucial european summit this weekend, the goal? to chart a comprehensive course out of the sovereign debt crisis, stabilize the banks and calm international markets. the summit led by german chancellor angela merkel and french president nicolas sarkozy taking place on sunday in belgium. the markets had a choppy week moving in concert with worries about europe, down 250 points on monday, up 180 points on tuesday, then bouncing around later on in the week. the markets rebounded on friday. we're in the thick of earnings season and so far, a mixed picture to report, though not as bad as some had feared. goldman sachs

and it helps our economy. okay, i'm listening. [announcer] at conoco phillips we're helping power america's economy with cleaner affordae natural gas... more jobs, less emissions, a good answer for everyone. so, by reducing the impact of production... and protecting our land and water... i might get a job once we graduate. had a tree that borthe most rare and magical fruit, which provided for their every financial need. [ thunder rumbling ] [ thunder crashing ] and then, in one blinding blink of an eye, their tree had gen its last. butith their raymond james finanal advisor, they had prepared for even the unthinkable. ♪ and they danced. see what a raymond james advisor can do for you. walmart pulling out all of the stops and luring customers this holiday season. promising to have the lowest prices or they will give you a gift card for the difference. johnathon it is a great offer but not a great sign for the economy, why? >> we are seeing a lot of retailers pull out the stops and try to take advantage and make these types of off

economy. it's "nightly business report" for wednesday, october 5. this is "nightly business report" with susie gharib and tom hudson. "nightly business report" is made possible by: this program is made possible by contributions to your pbs station from viewers like you. captioning sponsored by wpbt >> susie: good evening everyone. stocks rallied today on a wave of optimism about the u.s. job market and some encouraging developments about europe's economy. tom, officials in europe are talking about propping up the fragile financial system by pouring money into european banks. >> tom: and susie, those hopes that the global economy might be recovering also pushed up oil prices. in new york trading, crude futures rose to $79.68 a barrel- - a $4 increase. it's a sharp rebound after months of declines. >> susie: there are pros and cons to higher oil prices. erika miller takes a closer look at what they mean for consumers and the economy. >> reporter: oil prices may be up sharply today, but it's important to keep perspective. crude is still within striking

we need to finance the russian economy chinese economy and if you have good finance finance it if you will for gross ok to do that it's clear that we have to rely on financial centers and that's why devotion projects creating moscow as an international interest center is very important because we need to have a network of financial centers in the word but those financial centers to be sustainable and to fulfill their mission immersed absolutely share common practices common principles common rules that's why we came here in moscow to try to share this european experience and to see what are the best practices that could be conceivable to be implemented in russia all prime minister putin has recently spoken of investing in russia to an audience of global chief executive spotlight. has bore. the first nine months of two thousand and eleven have seen the new one doing. direct foreign investment into russian economy some of it see also companies investing in russia have recently held a meeting with vladimir putin to praise some of the reforms the company nestle and all the members of the

we need to finance the russian economy chinese economy and if you have good finance financing to fuel for gross ok to do that it's clear that we have to rely on financial centers and that's why devotion projects creating moscow as an international interest center is very important because we need to have a network of financial centers in the word but those financial centers to be sustainable and to fulfill their mission immersed absolutely share common practices common principles common rules that's why we came here in moscow to try to share this european experience and to see what are the best practices that could be conceivable to be implemented in russia what prime minister putin has recently spoken have been investing in russia to an audience of global chief executive spotlight limited me that has bore. the first nine months of two thousand and eleven have seen the new one doing direct foreign investment into russian economy some of its the companies investing in russia have recently held a meeting with my dinner to praise some of the reforms my company nationally and all the memb

, a genuine hayekian economy would look like. it's all very well to be a hayekian agitator is like to constantly snipe, we don't want any raising of taxes, we don't want more government spending, these are absolutes but we're not going to agree to anything. but nonetheless the battle lines are drawn in exactly that. if hayek's world would come about, well, size of the economy is very large due to all sorts of things, but things like as we know things like pension, would they do without pension? some people are nibbling around the edges of that. >> host: he basically said government should only do the absolute bare minimum to allow society, essentially around defense. was the also in favor of property rights? >> guest: absolutely. exactly. rule of law, the thing he wagged about. about how the rule of law was essential to society. >> host: he was cited as an advisor, inspiration by both mrs. thatcher and ronald reagan every much people regard the thatcherism and reaganism as to hayek, hayek and his thinking. how much in reality did

economy. >> reporter: 2.5% growth is welcome relief the economy is not on the brink of recession. better yet, the data may be just the sign some firms need to start hiring again. >> 2.5% to 3% growth is strong enough for businesses to ramp up hiring. right now, businesses have been subdued-- one, because they're concerned about the events in europe; and two, we did have this first-half growth slowdown. >> reporter: the economy has been expanding for nine straight quarters. in the latest reading, stronger consumer spending was the key driver of the gain. consumers are responsible for more than 70% of economic growth. but economists are also pleased that businesses are investing more in equipment and software. >> corporate spending was strong. it looks like large corporations that have a lot of cash on their balance sheets are still deploying it, even in this environment of uncertainty. >> reporter: the focus now is whether the momentum in the third quarter will continue into the fourth. many economists think it will, with growth coming in above 2%. the real concern is what happens

economy today. speaking to lawmakers on capitol hill today, "sluggish" and "slow" were two words he used to describe economic conditions. >> susie: the federal reserve chairman promised that the central bank will be ready to act, if necessary. but he called on congress to do its part to help the economy, specifically coming up with a long-term deficit reduction plan. >> tom: bernanke admitted u.s. policy makers face tough economic choices, but added those choices cannot be "postponed." darren gersh reports. >> reporter: the key part of federal reserve chairman ben bernanke's message today came when he was asked about the impact of operation twist, the fed's program to bring down long-term interest rates. >> i think it'll help somewhat on job creation and growth. it'll be particularly important now that the economy is close... the recovery is close to faltering. we want to make sure that the recovery continues and doesn't drop back. >> reporter: "close to faltering" is not something you want to hear

balance the federal budget and grow our economy and jobs. >> our biggest domestic problem is the economy which is on life support. >> we've learned some important lessons, this economy has spun out of control. we have hard decisions to make. we're not going to be able to bring our people together in america until we fix the economy. >> america should be a place where no matter where you come from, no matter what you look like you can make it if you try. this economy works best when it works for everybody, not just for those at the very top if opportunity exists for all americans, then all of us do well. folks in the middle and folks at the top and folks at the bottom. >> greta: welcome to a live fox news special. economy in 2012. you are sending your message loud and clear. economy is the most critical issue to voters in this country. latest fox news poll, gop primary voters show a whopping 76 am say the economy is the most important issue in deciding their vote for the republican presidential nominee. almost ten times the amount senate security is important. and it's taken a wild ride t

economies at least. one for people with good jobs and good credit and one for people who have neither. if you're lucky enough to count yourself in the first group, this lousy economy presents some opportunities. yep the stock market's recent plunge has been painful but it means wall street is on sale giving the chance to snag quality stocks that pay good dividends at a discount. secondly despite low mortgage rates home prices can't seem to fine their bottom so scooping up property now if you're prepared to sit on it could bring big returns when the housing market comes back to life. that's the story of the haves, the story of opportunity. if you're living in the have not economy as so many of you are, yours is an entirely different story. bargain stocks and cheap real estate don't do you much good if you're struggling to get by. instead you have to do what you can to protect yourself. build that emergency fund even if it means cutting 401 contributions for a while. don't take on anynew high interest debt

we don't know in modern economies what helps an economy continue to grow and to remain strong and to prosper as it inknow vates, particularly as the economy and the culture and the society becomes relatively well off. it is a known phenomena that it is hard for individuals who are relatively well off to take outsized risk and put everything on the line. back to my original story, if you think about the swimmers in the contest, in order for the united states to prosper, we need lots of swimmers who are willing to get in the water and swim and save nothing for the trip back because they are the type of person who will do whatever it takes, work as hard as is needed and get to the other side without saving energy to get back. and this shows up in what we now have as the crystal clear data in the last several years largely funded by the kaufman foundation out of kansas city and augmented by others. two important findings that i hope you take you that will augment the even more compelling stories about people and families and the appreciation of the human situation and that is, first, 91%

what is our human nature what is what are our possibilities what should the economy be doing what's the nature of money and what and what are our real choices in terms of an economic system this is part of the conversation that the occupy wall street so putting up the second is actually literally engaging in building this new system from the bottom up you know i work with us magazine is telling these news stories reframing the culture the business alliance for local living economies which i'm also deeply involved in this is about working with people in communities all across the united states and canada on rebuilding their local economies the third element the third intervention then is getting control of the rules to change the rules for rules that support. wall street control two rules that shift power back to main street that move us from evaluating economic performance based on financial indicators to focusing on indicators of the real wealth the health of our children the health of our families communities and nature. it in falls of fundamental restructuring of the money system

resource based economy futuristic. type. valjean and culture. shock is it would be safe. to progress and. this is the entire you're seeing rationalism. let's not make analysis if you live in atlanta this is. the solution depopulation. the absence to. last. from our. genocidal utopian robots. and still stood strong. carrots. carry forth the standard capital crimes capitalist punishment. where the wrong for me. is this the solution no just a demonstration of my love for a living she told me is love yes it is odd ron paul and i approve these messages will teach you is that your bias a bit of time to share a thought before we end for the night the local economy it does seem and will. be it's a moral uncertainty is the only stock that's always been rising and now we're losing confidence but is it surprising because it knows when to gamble from the first seed we planted to margin calls the babies of the footsie one hundred twelve seems to come to us global order king off financially if it's an interesting quote we invest too much in this enterprise would meet the solution might

what do we do about the economy? how do we address the cross border threat militarily affecting part of your questions? we began to use drones successfully against some haqqani leaders. appropriately if this report is accurate i have to say that it is not allowed to confirm things that are classified. but assuming reports are accurate it seems to me over do -- it can have a real effect. secondly we have under international law the right to respond to attacks by artillery. this is what the secretary of state said, fairly soon we will see a more direct response for effective response or strong response to those attacks across the border against us. her words yesterday are pretty clear that the international effort to squeeze the network--the haqqani network on both sides of the border, quote, will be more apparent in the days ahead. the fact we have a high level, quite extraordinary visit by our officials to pakistan yesterday is the indicator of a clear statement of hope to the pakistani that they will see that it is

imposed structurally unjust programs in greece that's what economy language from the greek economy and even household management. managing is a practice that you can actually know what the hell the been happening. and at least a breeze a pretty cheering the gloomy news more that coming up in about ten minutes now returning to our top story the tenth anniversary of the afghan war this weekend washington is trying to mend ties with one of its main allies in the war pakistan relations have recently been hit by mutual accusations and political differences but these military analysts are going to reports next from afghanistan. this is the commanding height that dominates this sweeping view. area of kabul the afghan capital. right behind me the reason bad three weeks ago was under the twenty hour siege by the high going to network let's take a closer look at what went wrong. war on terror first after al qaeda central redeployed killed a pashtun tribal belt along the afghan pakistani border the state department filed a request to pakistan for cooperation against osama bin laden going to slam

economy is a basket case economy right now the official government data that's released every every month by the labor department the commerce department has been faked essentially so systematically and so long that the real economy is running at a level of best estimates of economists friends of mine who monitor this of twenty to twenty three percent of the employable labor force so a twenty three percent unemployment is as levels of the great depression of the thirty's so so. the language x. of sanctions. he isn't something isn't the language understood by countries like china here you know it's saber rattling by by washington and they're dependent on china buying. more than two trillion dollars of u.s. government debt the debt situation of the federal government this is different from the great depression because today the debt of the federal government is simply growing exponentially it's out of control this is the this is what make them made me wonder by the way u.s. and chinese economies are so into dependent they have become so into dependent over the last decades so how can they f

banking system, economy, and the economies of the european allies are so fragile and so overextended that even a 15% net increase in the price of oil could cause panic and bring down the bank's and threaten the stability of countries. so you can ask what all that had to do with u.s. oil diplomacy. that was the subject of my research. i had never heard of the banking scare in 1976 before and certainly had not expected to find one. there is no reference in the memoirs of former administration officials and unaware of. histories make no reference hit. so to try and put the context of the transcript -- put it in some context i have to broaden the focus of my research well beyond the narrow confines of u.s. oil relations with iran and saudi arabia. i started to look up the whole subject of oil and a much more holistic way. study the impact of rising oil prices in 1970 on the economies of countries like the united states, portugal, greece, italy, and spain. also economies of countries like south vietnam, tanzania, sherlock, canada, and chile taking the heavy conversation as my starting poi

what about the economy? what about our planet? [announcer:] at conocophillips, we're helping power america's economy with cleaner, affordable natural gas. more jobs. less emissions. a good answer for everyone. so with affordable energy that we can get to safely... we could afford to eat out more often. our daughter likes my cooking. don't you lori... lori? [announcer:] conocophillips. >>> well, the deadline is on. by november 23, the so-called supercommittee in congress is tasked with cutting $1.5 trillion from the country's budget. will the parties come together? earlier i spoke to minority house leader and house speaker nancy pelosi about that relationship and the supercommittee. >> the super committee, maria, has a super opportunity to do something great for our country. something big, something bold and something balanced. the $1.2 trillion that is called for is in deficit reduction. some of that will be in savings, some of that needs to be in revenue. it's not just about cuts. we did just cut $1.2 trillion. but we had sent ou

which is effectively what he's arguing for in terms of the economy. it is their responsibility to shepherd it to a better place. but how long is the american public going to give them? thus far the administration has been reliant on this talking point, it took a long time to get into it, it's going to take some time to get out of it. the american public's patience in a time of 9.1% unemployment is understandably growing thin, i would imagine. >> what do you think of that, nia? i was arguing or thinking about arguing that one thing the president ought to do is just say, look, you know when you do a skiing event, they hold up the sign, ten-point difficulty. i mean, it has been a very high difficulty the last three years. is he smart to stop saying it was hard and smart to start thinking, look, i'm turning things around. don't blame the other guys, blame me. >> you can see them getting away from that argument. and betting that a lot of americans have been feeling economic pain for years and years and years. i talk people about downturn in businesses and

economy the occupy wall street movement continues to gain momentum across the country and trying their fourth week the protests condemning corporate greed government inefficiency and growing income inequality have even earned the endorsement of president barack obama i think people are frustrated and. the protestors are giving voice to a more broad based frustration. about our financial system which what started as a rally against america's corrupt democratic process has turned into an organized collective call for social justice that employs the same tactics as its ideological alternative the tea party movement experts say it is now a force to be reckoned with with unions and a growing number of democrats now expressing at least qualified support for the protesters occupy wall street is starting to look like an important event but might even eventually be seen as a turning point with the u.s. unemployment rate hovering at nine point one percent and the growth rate just above one percent it is only reasonable that a populist movement should emerge to galvanize appropriate policy respon

the greek economy of meaning household management. theories abound but in practice today anyone actually know what the hell is even happening. well you can see robert rhyme and reason his way through the global economic crisis in about five minutes here on r.t. . well time now to discover more of the world's biggest country in our close up series. well they were traveling to the pens a region southeast of moscow grant a safe there have inspired some of russia's greatest writers as he explains. a tale of two states out of harmony a modest country see that i'm sorry it's time survived on farming and small scale manufacturing it happened to be the childhood home one of russia's most legendary figures mikhail detriment of the child prodigy a fiery tempered soldier womanizer and finally a greater amounts of poet the novelist he died in a jewel at the age of twenty seven while little of his work was composed here they're meant that it's buried in the family more so they and. now two hundred people look after the estate as in the nineteenth

the area to decided to try greece's economy to the economy of germany there. the guilty men know all the old nervous systems of all great country all right jeff you want to reply in the manner of his arrest the fact is sir and i'm i'm not going to use that kind of the kind of language this man uses i mean he's entitled to say whatever he likes on whatever channel a light side like to have a somewhat more civilized discussion out of a country such as civilised as soon as britain i'm not a big fan of britain's current was staring economic side there but the idea that you can talk with such. such insensitivity about a nation and its people just stuns me the idea that you're a jew would you do that paul in a moment. and i just go ahead jeff please finish what else. i would love to hear my idea of your moderator to i'm trying to master go ahead jeff the idea that you can talk yeah yeah i hear you the idea that you can talk in these terms and with no sense of moral obligation and with no memory no historical memory of the difficult periods especially after world war

we need to finance the russian economy chinese economy and if you have good finance finance if you will for gross ok to do that it's clear that we have to rely on financial centers and that's why devotion projects creating moscow as an international interest center is very important because we need to have a network of financial centers in the word but those financial centers to be sustainable and to fulfill their mission immersed absolutely share common practices common principles common rules that's why we came here in moscow to try to share this european experience and to see what are the best practices that could be conceivable to be implemented in russia all prime minister putin has recently spoken have been investing in russia to an audience of global chief executive spotlight. has bore. the first nine months of two thousand and eleven have seen the new one used to direct foreign investment into russian economy some see companies invest in russia have recently held a meeting with my dinner routine to praise some of the reforms my company nestle and all the members of the fuehrer a

economy. e2 members ever real stake in this issue. they are the ones on the front lines in the united states telling us to achieve a clean energy economy by investing in companies and creating jobs. e2 mbs are concerned with tar sands expansion that america would go after source of wealth as you've heard actually undermines jobs in our country. they are concerned that tar sands will increase our dependence on ever more expensive and risky forms of oil, and they're concerned that despite the energy security arguments made by the pipeline proponents, this pipeline actually endangers american economic interests by exporting tar sands abroad. and i know from the own investment and experience that this is the time for us to stay committed to american ingenuity and an american clean energy business jobs and investment. the business community is sending a clear message to the administration. thank you so much for listening, and we'll be submitting the letter for the record. thank you very much. [appl

[applause] this new economy we are building, it must be an economy for everyone. you know the real tragedy of labour's economy? it was that it fought so many people behind. they talked a lot of opportunity, but they pulled opportunity away. we had an education system that led hundreds of thousands of prepared for work. we had a welfare system that trapped thousands. we had an immigration system that brought in by woodworkers to do the jobs we were playing -- up british workers not to do. prices shot up. we had a government, did we have a government, that splurge back into benefits. labour who tells us they care about fairness and government. it was labour that give us the casino economy and the welfare society. who is going to lift the poorest up? who is going to get our young people back to work? who is going to create that there're society? no, not you, the labour satiety. it will be us, the conservatives who give hope to everyone in our country. [applause] that will start with a good education for everybody. it sounds so simple proper teaching, good discipline,

as of a new plan to rebuild the european union economies because the report is next week on a latino. kaiser welcome to the kaiser report before we get started i want to mention as predicted sheffield wednesday beat chesterfield i met john pierson he was so impressive my prognosticating abilities he gave me his tie that's right. say server maxwell you may have been too busy at the sheffield wednesday game to have noticed that angela merkel and nicolas sarkozy have been photographed standing together and you know what that means that means another conning plan only this one chancellor merkel announced we are not going into the details today the whole package will be ready by the end of the month there are no details other than desperate money printing as the banking system implodes at least those occupy wall street people have finally figured out one thing it's not the government that's the problem but the banks recurring theme i'm sure but tell us more well i maintain there is no difference between banks and government they are the same thing but let's move on to covering this angela

so that an economy wouldn't get out of kilter with itself. he started off on hayek and didn't think very much of the economics. the principle was what was keynes and hayek fell over was economics. but actually the strength of hayek turned out to be to interfering in the economy because spiegel suggested you can't come in the, you can direct people, the government may do that, the government may cut taxes drastically and ease credit to ensure the activity picks up. notwithstanding all of these various things a government may do he said yes but all of these until increasing the size of the government if there is a problem about that and that is that the more you increase the size of government the larger the proportion of an economy is spent by government agents rather than the people themselves the district taxation rather than people spending out of pocket but more likely you are to have a tierney in society and so he added something which certainly is found with a great echo among the other in america would have been conservative that actual

economy. many energized voters take him to the top tier of candidates? >> finally our political roundtable. are republican voters closer to making up their minds after this week's debate? and where will the leadership come from to get the economy growing again? with us, former chairman and ceo of general electric, jack welch. columnist for "the new york times." david brooks. former democratic congressman harold ford. and nbc news chief foreign affairs correspondent, andrea mitchell. >>> good morning. this week, as the president suffered a setback on his jobs bill, he argued that his dual foreign policy milestones in iraq and libya are, quote, powerful reminders of how we have renewed american leadership in the world. a few hours ago i sat down with the chief foreign policy adviser, the secretary of state hillary clinton, who is wrapping up a week-long overseas trip to countries such as libya, pakistan, afghanistan, and uzbekistan. secretary clinton, welcome back to "meet the press." i want to

economy? one of america's top bankers says there are signs of life that they're watching. >>> and my conversation with golf great annika sorenstam. how she's teaching winning ways to a new generation of f female athletes. "the wall street journal report" begins right now. >> this is america's number one financial news program, "the wall street journal report." now, maria bartiromo. >> acrucial european summit this weekend, the goal? to c chart a comprehensive cour out of the sovereign debt crisis, stabilize the banks and calm international markets. the summit led by german chancellor angela merkel and french president nicolasarkozy taking place on sunday in belgium. the markets had a choppy week moving in concert with worries about europe, down 250 points on monday, up 180 points on tuesday, then bouncing around later on in the week. the markets rebounded on friday. we're in the thick of earnings season and so far, a mixed picture to report, though not as bad as some had feared. goldman sachs

economies at least. one for people with good jobs and good credit and one for people who have neither. if you're lucky enough to count yourself in the first group, this lousy economy presents some opportunities. yep the stock market's recent plunge has been painful but it means wall street is on sale giving the chance to snag quality stocks that pay good dividends at a discount. secondly despite low mortgage rates home prices can't seem to fine their bottom so scooping up property now if you're prepared to sit on it could bring big returns when the housing market comes back to life. that's the story of the haves, the story of opportunity. if you're living in the have not economy as so many of you are, yours is an entirely different story. bargain stocks and cheap real estate don't do you much good if you're struggling to get by. instead you have to do what you can to protect yourself. build that emergency fund even if it means cutting 401 contributions for a while. don't take on any new high interest deb

in close proximity and just programs increasing the total economy and the language from the greek economy of meaning household management. managing phoebe's amount in practice does anyone actually know what the hell they even happening to be taking some sanity we take a step across to texas with our first guest welcome to rap music the old economy what's your diagnosis of it's all well with drop the ball out of position politics and this is called see the global economy is chronically ailing believe me because we plowed it is terminally phase we're headed towards creating cardiac arrest deep depression and trouble across the way is the rich more capitalism plans and the market will take care of the rampant first. maneuvers see bankers gone through claims through. our economy was inflated totally the we can. stand on the body is a worthless commodity is the biggest fraud in the history of humanity this must come down to only capital. system isn't just enough to see feel like communism or see this policy because the free market is a bad spirits religion has been hurt by this believe it's. j

economy is a basket case economy right now the official government data that's released every every month by the labor department the commerce department has been faked essentially so systematically and so long that the real economy is running at a level of best estimates of economists friends of mine who monitor this of twenty to twenty three percent of the employable labor force so a twenty three percent unemployment is as levels of the great depression of the thirty's so so. the language x. of sanctions. he isn't some isn't the language understood by countries like china here you know it's saber rattling by by washington and they're dependent on china buying. more than two trillion dollars of u.s. government debt and the debt situation of the federal government this is different from the great depression because today the debt of the federal government is simply growing exponentially it's out of control this is that this is what make never made me wonder by the way u.s. and chinese economies are so into dependent they have become so into dependent over the last decades so how can they

the economy is not a fixed pie. when you expand the labor curve, a simple economist will say the price of labor goes down and we're all hurt. the more people that work here, the more people that are chasing jobs and we're all doomed. wrong. the expansion of the available labor force creates opportunities that did not exist before. you have innovation and entrepreneurialism that increases the actual size of small and medium-sized businesses. they consume and that expands the demand curve. you have a dynamic economy for 90% of u.s. born workers that enhances their wages. the other 9% got whacked up side the head with globalization and immigration and everything you can list and they need help. getting rid of immigrants doesn't really help them. the final point is if you look at the last 15 years, 25% of publicly traded companies in the united states are essentially from the bay area region and one out of four was started by an immigrant. we have great data on this because it's all transparent. you can look it up. you

you raise taxes on anybody, it has negative consequences. >> to the economy in. >> to the economy, sure. yeah, on the margin. but i think of all the different ways you can think of to try to pay for this thing and it has to be paid for in the long run, this seems like the most reasonable way to do it. >> so from a political basis, someone made an interesting argument that once you define rich as a millionaire, it then becomes hard to come back and say -- and let's stop the bush tax cuts on someone making $250,000. have they walk themselves or backed themselves into a corner on this? >> it depends on what counts as rich today and where you stand and where you sit. president obama with this idea of looking after millionaires on taxes partly trying to make up to his base what happened last december when he agreed to the extension of the bush tax cuts across the board. liberal base upset about that. he's coming back around saying i agree that the wealthiest are not paying their fair share. >> in reducing the deficit the only one that falls consistently is raising the taxes on the affluent.

the company cited growing worries about the economy. it was a different story for dow component dupont. the chemical giant soundly beat estimates with profits of 69 cents per share. thanks to solid demand, dupont has raised prices on many of its products, including a key ingredient used to make paint. so far this month, its shares are up nearly 17%. turning now to a trio of steel makers getting hammered in today's trading. the metals companies are becoming less optimistic about future business. a.k. steel shares fell nearly 14%. that's after the company postponed its fourth quarter outlook. u.s. steel fell about 10%. the company said it will post a loss in q4. and, the nation's largest steel maker, nucor, fell 3%. its c.e.o. blames china's unfair trade policies, in part, for the steel industry's troubles. a quick update on former wall street darling netflix. the shares plunged 35% today. as we reported last night, the company said it lost nearly a million subscribers in the third quarter. netflix says more defections are likely as custo