reasonable price stability, which was the language in the humphrey humphrey/hawkins example is one example. i do urge congress to continue to pursue the goals of oversight, accountability, and proprobe deeply what the federal reserve is doing but within the framework of present law. thank you very much. >> i thank you. now recognize dr. rivlin. >> thank you, mr. chairman. i'm happy to have this opportunity to testify before this subcommittee as you consider the diverse set of bills about the federal reserve. i will concentrate my remarks on the dual mandate. i believe that the dual mandate has served the united states well and that it would be a mistake to restrict the fed's policy actions to fostering stable prices alone. i'd like to make clear at the outset, mr. chairman, that i believe in a strong, independent central bank. without a strong, independent central bank, functioning to mitigate economic and financial instability, i believe the united states would have a weaker, far more chaotic economy and lose its leadership position in the global economy. the objective of economic policy,

former member of the staff of this committee and that i served on the team that drafted the humphrey/hawkins full employment and balanced growth act. i wish to speak mainly today in defense of the dual mandate, the plural mandate, the flexible and practical language of present law. that law was drafted at a time of acute theoretical conflict in economics and on the staff. i was a young full employment liberal, one of our colleagues, james pierce, former federal reserve research director, was a mainstream keynesian at the time. who our colleagues were chicago monitorists trained by milton friedman. we promised on lang that gave clear reporting transparency and accountability requirements to the federal reserve in the presence of ultimate objectives but that did not impose anyone's theoretical views. had we done so, i fear the oversight process would have failed long ago, perhaps when man stream economics adopted the concept of a natural rate of unemployment in the early 1980s, perhaps when classical m monitorism fell apart. being flexible the process has survived for over 35 years even though

the humphrey hawkins full employment and balanced growth act sought to modernize and to make a little more ambitious and a little clearer the objective particularly with respect to employment. and it also ended up clarifying what was meant by purchasing power. that's where the reasonable price stability came into the preamble. so it was a way of broadly specifying economic policy objectives for the entire government. but also with respect to the federal reserve, this was the moment we had set up through in 1975 a process of dialogue with the federal reserve regular oversight hearings which goes on and the humphrey hawkins act federal reserve provisions placed those into law and set a regular procedure. that included of course, as professor taylor has said goals for the growth of various monetary aggregates, which over time has dr. rivlin has just said became less useful because the relationship between those objectives or those statistics and anything you ultimately cared about became much noisier and less reliable. >> thank you for that response. dr. kline, being from missouri, my ho

. >> my name is christy hawkins. i just won the npc national women's bodybuilding championship, the light heavyweight class and overall. i earned my pro card. >> christy hawkins is 5'3" and solid as a rock. her biceps are the size of some women's thighs. she can bench press 225 pounds. that's the weight of derek jeter plus 30. she can squat around 350. that's heavier than shaquille o'neal. in the world of body building, christy is the it girl of the moment. >> since she was 17, she's competed as an amateur body builder. in november 2007, she made it to the professional level by winning a top amateur competition. there are only about 85 professional female body builders in the organization she's joined, the international federation of body builders. christy is now proud to be one of them. >> you put so much sacrifice into it, so much discipline and dedication. you never think that you would reach that level. no rest for the weary. a lot of times do i train seven days a week. i'm in here doing something. ideally five o

reasonable price stability, the language in the humphrey hawkins preamble, as i recall, is an important objective, but so is full or maximum employment. i think congress would be well-advised not to commit to either one at the sacrifice of the other. i do urge congress to continue to pursue the goals of oversight, accountability and probe deeply what the federal reserve is doing but within the framework of present law. thank you very much. >> i thank you now. recognize dr. rivlin. >> thank you, mr. chairman. i'm happy to have this opportunity to testify before this subcommittee, as you consider the diverse set of bills about the federal reserve. i will concentrate my remarks on the dual mandate. i believe that the dual mandate has served the united states well, and that it would be a mistake to restrict the fed's policy actions to fostering stable prices alone. i'd like to make clear at the outset, mr. chairman, i believe in a strong independent central bank. without a strong independent central bank, functioning to mitigate academic and financial instability, i believe the united state

first, losing hawkins is in bristol waiting for the torch to arrive -- lucy hawkins. >> what a magnificent day for the arrival of the olympic torch. there's a real sense of excitement in the air as i stand here. in about six hours' time, the olympic torch will live on a boat. there will be a paralympian with the british teen. -- team. there are expecting a thousand people to attend. just one of two venues for the celebration in bristol for the arrival of the torch. with me are two very excited low-cost. -- excited locals. a 15-year-old athlete and her principal at the international academy in bristol. how are you feeling before you get to hold the torch? >> i cannot believe it. it's inspirational to do something so close to the olympics. i cannot wait. >> how did you get chosen? rex people nominated me in the local area. i won the bronze this year and i am third in europe. and for my volunteering in the community. >> what does it mean to you and your friends that the olympics are being held here? >> it is amazing. it's all what we hoped for. we all hoped to build in the future. it is amazi

the full employment and balance growth act of 1978, better known as the humphry hawkins act set four benchmarks for the economy -- full employment, growth and production, price stability, and the balance of trade and budget. to monitor progress towards these goals, the full employment and balanced growth act of 1978 mandated that the board of governs of the federal reserve present semiannual reports to congress on the state of the u.s. economy and the nation's financial welfare. the humphry hawkins charges the federal reserve with a dual mandate, both maintaining stable prices and full employment. and since president obama took office in january of '09, the unemployment rate has gone from 7.8%, around inauguration to 10% as the impact on financial crisis spread. to 8.1% today. i do believe the u.s. economy its heading in the right direction with the proper nudge it could probably improve even more. as of march, the consumer price index was 2.7%. over the past year, a decline from february of this year of 2.9%. during the same period, the energy index has risen 4.6%, and the food inde

and the imbalance grows since 1978 better known as the humphrey-hawkins act, set four benchmarks for the economy. full implement, price stability and balance of trade and money. of full and balanced growth act mandated board and the federal reserve submit reports to congress on the status of the u.s. economy and the nation's financial welfare. the humphrey-hawkins charges the federal reserve with a dual mandate maintaining stable prices and full employment. currently the unemployment rate is 8.1%. since president obama took office in january of 2009 the unemployment rate has gone from 7.8% around moderation to 10% as the impact of the financial crisis spread. to 8.1% today. i do believe the u.s. economy is heading in the right direction with the proper nudge it can probably improve even more. as of march the consumer price index was 2.7%. over the past year it declined from february of this year, 2.9%. during the same period the energy index has risen 4.6% and it has increased 3.3%. both increases are smaller than west month. in contrast the change in the index for all items, less fo

and angela hawkins. this piece argued that there is no quick fix to the complex issue of drug abuse and prevention. and we agree. these experts pointed to the success of programs such as the drug markets. they offered drug offenders a second chance. and they offer them a second chance before they're ever arrested, before they ever get that record against them. another one, hawaii's hope. probation program that reduces sentences through swift and and predictable immediate sanctions. also and probably most importantly building community. let me close by saying there is real reason to be optistic that it will reduce both drug use and its consequences in society. there's a long time police sfish, police chief. my profession isn't noted for a lot of optimism. but in fact, i would tell you that cynicism often comes with it. during these three years that i've looked at the changes across this country and the way we think about and address and deal with our nation's drug problem, i am optimistic. but the recent

what happened is the evolution of language is, certain names, like hawkins or joyner or st. john's, you know, i'm on my ancestral names disappear. they disappear, in this case, by culture and tradition by passing the name only two the male line. but that means that there is certain names that go all the way back. i'm a good friend of peter all been. that thing survived all the way and he has said. and in the same way, there are certain genes transmitted in the x chromosome that would be for certain the female line, which have persisted. they spread through the whole population and they have persisted ever since through the whole population from one individual you can track it back in one individual of that gene. but that doesn't mean she's the ancestor. for the ancestor of everyone. one of her jeans, a small number survives to the present day, just the way the name hawkins or harvard has survived in the present time. >> robert travers has done some interesting work on deception and self-deception. i can see how it could evolve in terms of individual selection, that is anywhe

and hawkins point road was closed for several hours. the maryland department of the environment is assisting firefighters. >>> police arrest a kent county teenager they say was behind a bomb threat that shut down schools. a handwriting expert has tied a 15-year-old boy from chestertown to the note discovered on the door last month at kent middle school. the note said there was a bomb inside all county schools. more than 2500 students were evacuated. but no explosive devices were found. and that teenager now faces 22 counts of threats, of arson, and disturbing school operations. >>> well, it's rain-free in most of maryland right now. let's take a live look outside. the sun has made a return. wjz has weather and traffic together. bob is here with the updated numbers from first warning weather. bob? >> and the weather really is clearing up nicely. particularly from baltimore area west. south and east, still kind of cloudy. but look at the rain. just along the coast here. ocean city, down to just southeast of chrisfield. still getting some

authorities say jehovah hawkins was holding a fire were. what it detonated, his fingers were broken and nearly severed but doctors were able to reattach them. some homeowners want choice. the public service commission is taking comments about that new technology. some residents believe it poses health threats because the amount of radiofrequency. bge said microwaves and cordless phones put out more radiofrequency. >> when most of our customers look at the utility, they want us to become more efficient and to restore power as quickly as we can. this will change the entire relationship with our customers. >> work meters are dangerous and intrusive. >> bge says those who opt out will have to pay an additional cost. >> in tonight's commitment 2012 update. mitt romney is getting close to earning the republican nomination for president. he swept republican primary in kentucky and arkansas. he is within 110 delegates of winning that nomination. a new poll shows a close race between him and president obama. a poll showed the president would win wit

you have hawkins, lay ole a, maryland. >> and you have got baseball. >> and the preakness. >> yes. thank ♪ ♪ ♪ [ male announcer ] everyone likes a bit of order in their life. virtual wallet helps you get it. keep track of spending, move money with a slide, and use the calendar. all to see your money how you want. ♪ [ male announcer ] for our families... our neighbors... and our communities... america's beverage companies have created a wide range of new choices. developing smaller portion sizes and more low- & no-calorie beverages... adding clear calorie labels so you know exactly what you're choosing... and in schools, replacing full-calorie soft drinks with lower-calorie options. with more choices and fewer calories, america's beverage companies are delivering. >>> a wisconsin runner sure has put a lot of miles on his sneakers and he is about to reach an unbelievable milestone. 63-year-old is set to run in his 800th marathon this sunday in green bay. he started running 23 years ago and has run all over including hasn't ark cay. his prerace is bananas and mountain do you.

they were at mason hawkins. the chief investment officer supported the move. they telegraphed some of their opinions, but have not agreed to do interviews and got them into any details about what else they want to do and as far as they are talking to icahn, he is comfortable operating as a one-man band, but we don't know. >> we appreciate it. i'm curious on your take on the company. there is a couple of different issues at interplay. can icahn do something with the 7.6% stake pitted against a larger shareholder and the fundamentals? >> it's an interesting story. chesapeake over the last two months had the worst period in corporate history. he started the company in 1989 and over two months had serious heat put on him. the other thing to note about the activist investor in this case, even the best investors in the market slightly over 500 and picked the wrong stories here. i think the underlying business is what's the fundamental issues. a huge debt load and they have been hurt. >> using the put spread and they have done this many times. always good to crack op

under these bandages are more than 200 stitches holding together the hand dijovah hawkins nearly lost. >> we were playing with firecrackers and they exploded in my hand. >> reporter: it happened monday in the 100 block of ferndale avenue in glen burnie. firefighters later determined it was an m-80 fire work. >> my thumb almost was bending over. my first three fingers almost fell off. >> my first reaction is his thumb is gone. >> reporter: dijovah and his friend found the m-80 inside another friend's house. they had no idea how powerful it was. >> we thought it was a firecracker that would just have a small reaction but it didn't. >> reporter: this is youtube video of an m-80 exploding. like most firecrackers, it's illegal in the state of maryland. chief michael cox from the fire department says more than 50% of firecrackers accidents happen to kids younger than 15. after learning his lesson the hard way, dijovah has a warning for other kids. >> not to play with them because a lot of stuff can happen with them. >> reporter: dijovah is expected to make a full recovery, but he has a lot

the humphrey-hawkins charges charges a dual mandate both maintaining stable prices and full employment. currently the unemployment rate is 8.1%. since president obama took office in january of 09, the unemployment rate has gone from 7.8% to around 10% as the impact of financial crisis spreads. i do believe the u.s. economy is heading in the right direction. as of march, at the consumer price index was 2.7 and%. over the past year a decline of 2.9 term. during the same time, energy has risen 4.6%. the food index has increased 3.3%. both increases are smaller than last month. the index for all items means less food and energy, which was 2.0% in february. all of these factors play a very important role in getting america back to economic growth and prosperity. i look forward to the witness's testimony. i will yield back. >> thank you. i yield five minutes to dr. heyward. >> thank you. it is with great pleasure that i anticipate the testimony. we have a great challenge before us. a central bank, the federal reserve has cherished the independence and implementing monetary goals. we have the

designed by henry hawkins sibley based on a plains indian teepee pattern. the family had had these tents in their possession since recovering at that point in time. one of them's a wall tent and then this is the sibley tent. remarkably, it's now known there are only two sibley tents in the american civil war in existence in the world. one in each hemisphere of mother earth. this one is in our hemisphere, and in possession of the american people now. this tent, recent negotiations with smithsonian institute, will be traveling to washington for potential display at the national african-american museum and the civil war exhibit of the african-american experience in the civil war. so that we're excited about that. the conservation and the expedition of tents is very difficult, they're quite large. this is a huge tent, and they got all kinds of issues on their display, because they're heavy, they're cumbersome. we're talking about old canvas and we're talking about old threads, stress points are weak, and they're going to be strained more with the exhibition. so

. >>> and josh hawkins from distance, not a problem. he had -- he gave loyola a 2-0 lead. and he was the man. five goals sh the severna park strangler, loyola advancing, 7- 5. >>> and in soccer, d.c. united taking on the revolution. trying to get into first place, following the bouncing ball. header, no. the third kick, yes. making it 2-0. second half derosario normally scores and today he is delivering to set up santos. 3-2. >>> mystics hosting tulsa. crystal langhorne or the queen of the double-double, 15 points, 10 boards, washington up 15 in the 4th. but then tulsa rallied. final moments monique curry, putting it on ice, 64-61. >>> finally nba action. 76ers celtics game, iguodala, don't do that to people when their mouths are open. that is just rude. the big dunk. sixers hanging around. rondo tough from the fourth. celtics advancing to facemm in the eastern conference final. good to see the celtics and 76ers playing in that old school rivalry. >> and how do you think the celtics are going to do against miami? >> not too good. >>> and tomorrow? >> a great weekend for a

the humphrey hawkins charges the federal reserve with a dual mandate, both maintaining stable prices and full employment. currently, the unemployment rate is 8.9%. since president obama took office, it's gone from 7.8% around inauguration to 10% as the impact of the financial crisis spread, to 8.1% today. i do believe that the u.s. economy is heading in the right directi direction. with the proper nudge, it could probably improve even more. as of march, the consumer price index was 2.7%. over the past year, a decline from february of this year of 2.9%. during the same period, the energy index has risen 4.6%, and the food index has increased 3.3%. both increases are smaller than last month. in contrast, the year change in the index for all items, less food and energy, which was 2.2% in february, edged up to 2.3% in march. all of these factors play a very important role in getting america back to economic growth and prosperity. i look forward to the witnesses testimony. mr. chairman, i would yield back. >> thank you, gentlemen. now i yield five minutes to dr. hayward. >> thank you, mr.

how about josh hawkins from way out distance. not a problem. he had two goals. that gave the greyhounds a two- goal lead. eric mussy, go ahead greyhounds and leave the driving to us. mussy on the doorstep, he had five goals from maryland. loyola advancing to monday's final with the 7-5 win. coach afterwards getting a little choked up about mussy and the win. >> he's such a leader in the locker room. he deserves all the success he's given. he's gone through so much to come back and be a part of this for this year. we're all so proud of him. it's emotional. they're a special group. >> so emotional. all right. maryland/duke in the rubber match. griffens, we gotta give the georgetown prep guys a nudge. he has two goals in the game. kevin cooper scoring. right now 6-4 at the half. we will have, of course, the final highlights coming up tonight at 11:00. it's been a while, according to the "washington post" three years and 94 games have passed since dc united had a chance to play for first place this early. they've got it tonight. if they can beat new england, they ju

designed by henry hawkins sibley based on a plains indian teepee pattern. the family had had these tents in there their possession since recovering at that point in time. one of them's a wall tent and then this is the sibley tent. remarkably, it's now known there are only two sibley tents in the american civil war in existence in the world. one in each hemisphere of mother earth. this one is in our hemisphere, and in possession of the american people now. this tent, regis negotiations with smithsonian institute, will be traveling to washington for potential display at the national african-american museum and the civil war exhibit of the african-american experience in the civil war. so that we're excited about that. the conservation and the expedition of tents is very difficult, they're quite large. this is a huge tent, and they got all kinds of issues on their display, because they're heavy, they're cumbersome. we're talking about old canvas and we're talking about old threads, stress points, are weak, and they're going to be strained more with the exhibiti

in the humphries/hawkins law there was an interim target for 4% unemployment, 3% inflation, to be achieved after four years. it took 22 until alice rivlin was running things and it actually happened, but the difficulty i think was in setting too ambitious a target and allowing too long a time frame for there to be real accountability. if you're going to set targets, it should be on an interactive basis and something where you can come back in a year and say, look, how did you do in relation to those targets and what have you learned about the world from your experience? that would make a useful contribution, it seems to me. >> dr. rivlin, your opinion? >> i would agree with that. i think the 2% target is about right. i wasn't a big enthusiast of setting an explicit target, but 2% is about right. as long as you don't take it too seriously. because there might be reasons to deviate in one direction or another. >> thank you so much. mr. chairman, i yield back. >> i now recognize the gentleman from arizona for a follow-up. >> thank you. we were sort of hitting on the question i was concerned w

the humphrey hawkins charges the federal reserve with a dual mandate, both maintaining stable prices and full employment. currently, the unemployment rate is 8.1%. since president obama took office, it's gone from 7.8% around inauguration to 10% as the impact of the financial crisis spread, to 8.1% today. i do believe that the u.s. economy is heading in the right direction. with the proper nudge, it could probably improve even more. as of march, the consumer price index was 2.7%. over the past year, a decline from february of this year of 2.9%. during the same period, the energy index has risen 4.6%, and the food index has increased 3.3%. both increases are smaller than last month. in contrast, the year change in the index for all items, less food and energy, which was 2.2% in february, edged up to 2.3% in march. all of these factors play a very important role in getting america back to economic growth and prosperity. i look forward to the witnesses testimony. mr. chairman, i would yield back. >> thank you, gentlemen. now i yield five minutes to dr. hayworth. >> thank you, mr. chairm

>> i think explicit targets can be useful's in the humphries-hawkins law there was an interim target for 4% unemployment. 3% inflation, to be achieved after four years. it took 22 until alice rivlin was running things and it actually happened, but the difficulty i think was in setting too ambitious a target and allowing too long a time frame for there to be real accountability. if you're going to set targets, it should be on an interactive base and something where you can come back in a year and say, look, how did do you in relation to those targets and what have you learned about the world from your experience? that would make a useful contribution, it seems to me. >> dr. rivlin, your opinion? >> i would agree with that. i think the 2% target is about right. i wasn't a big enthusiast of setting an explicit target, but 2% salve right. as long as you don't take it too seriously. because there might be reasons to deviate in one direction or another. >> thank you so much. mr. chairman, i yield back. >> i now recognize the gentleman from arizona for a follow-up. >> thank you. we were sor

the hum fro-hawkins law there was an internet target for unemployment and 3% inflation to be achieved in four years. >> dr. rivlin, your opinion? >> ill agree with that. i think that the 2% target is about right. i wasn't a big enthusist of setting an explicit target. but 2% is about right. as long as you don't take it too seriously. there might be reasons to deviate in one direction or another. >> thank you so much. mr. chairman, i yield back. >> i now recognize the gentleman from arizona for a follow up. >> thank you. we were sort of heading on the question i was concerned with dr. taylor and moved to dr. kline. how big can the balance sheet get? >> i think it's too big. >> can you pull the mic closer, please. >> i think that quantity ittive easing qe 1 and qe 2 were not appropriate. and that's why the balance sheet is as big as it is. if we had done the intervention during the panic period, the balance sheet would be back to normal. i don't see any evidence those are helpful. i've done rauch on qe 1. i think it's already too big. i do worry about the size of it already because it h

former member of the staff of this committee and that i served on the team that drafted the humphrey hawkins full employment and balanced growth act. i wish to speak in support of the mandate. that law was drafted at a time of acute eratical conflict on economics and on the staff, i was a young liberal. one of our colleagues james pierce, two other

i'm not going to get into getting tom hawkins in trouble who worked for the senator. maybe he was busy and couldn't give it to the leader until later. that's not the point. the point is we have tried and tried to get something done and we can't get it done. mr. president, i think it is really too bad for this institution. i'm not outraged. i'm upset because i feel i have been used as a tool to try to adversely affect the president in some way. so i'm going to continue to keep an open mind on this, but i have to say that i'm terribly disappointed that it looms we're going to arrive at may 23rd and the iranians -- they have people around, they're watching this and they're in town. they're laughing at us. laughing at us. we can't even come up with a simple resolution. it has no force of law. i shouldn't say that. it does have some, but they're laughing at us. here is the united states senate quibbling over a sentence, a sentence that's been in this resolution since it was drafted. >> most people in america work five days a week. this is 1:00 on a thursday. 1:00 on a thur

designed by henry hawkins sibley, bayed on a plains indian teepee pattern. the family had had these tents in their possession since recovering them. one of them is the oil tent, and this is the sibley tent. remarkably is it is now known there are only two sibley tents in the american civil war in exist nens the world, one in each hemisphere of mother earth. this one is in our hemisphere and in possession of the american people now. this tent in recent negotiations was smithsonian institute will be traveling to washington for potential display at the national african-american museum in a civil war exhibit above the african-american experience in the civil war. so we're excited about that. this is a huge tent. we're talk:00 old canvas, old threads, stress points are weak, and they're going to be strained more with the exhibition. so we are making available the sibley on loan for the exhibit. it's going to be conserved so it's going to receive some much needed cleaning. we're excited it will be in front of the public for at least a temporary exhibit, maybe a ye

get in there but if this is the worst i can line here's a contemporary this is a right wing news john hawkins and this is in today's new york times. he's quoted as saying that this is recently like in the last six months he came out and said this this is a conservative speaking of mitt romney called him a pampered prissy fake spiteful son of a governor being served the g.o.p. nomination on a silver platter because he's has the right establishment be ions benefited from an enormous media double standard and has more money than everybody else so like bozo you really are. you know. the president obama's bullied congress some in his we can't wait for last view of doing what he wants notwithstanding what congress wants the job of the president it's called the bully pulpit to do we really should believe congress more a good person is going to have actually be good for romney because he's seen as this you know ken doll with nothing wrong with him you know get a little little tussle in there and you may well be right on that caroline and with regard to mitt romney i've said this before i'll say it ag

. >> researchers from the hawkins marine laboratory report that tuna caught off the coast of san diego last summer was found to contain small amounts of radiation. >> we caught f-15 bluefi15 bluen tuna in 2011 and dissected them to analyze their muscle tissue for radioactive cesium. no way that these isotopes were released from fukushima. and we were quite surprised to find that these bluefin carried these radioactive isotopes, cesium 134 and 137, to the waters off california. >> the amount of radiation in the tuna is too small to be considered a health risk. although the tuna is prized in japan, it is not even in california due to conservation efforts. the more plentiful yellowfin tuna is what is used in the making of sushi. >> it is not affecting us, the aquarium has it on the void list so we do not even fool around with it. i mean, it is out of sight and out of mind. >> researchers at one of the other reasons that they did the study was to encourage others who study the migratory habits of birds and marine mammals, even other fish, to see if those types of animals might be similarly

get in there but if this is the worst i can line here's a contemporary this is a right wing news john hawkins and this is in today's new york times. he's quoted as saying that this is recently like in the last six months he came out and said this this is a conservative speaking of mitt romney called him a pampered prissy fake spiteful son of a governor being served the g.o.p. nomination on a silver platter because he scares the right establishment be ions benefited from an enormous media double standard and has more money than everybody else so like bozo you really are. you know it is that president obama's bullied congress i mean his we can't wait for a last view of doing what he wants not withstanding what congress wants the job of the president it's called the bully pulpit going to do we really should believe congress more a good strong emotion would actually be good for romney because he's seen as this you know ken doll with nothing wrong with him you know get a little little tussle in there and he may well be right on that caroline i and with regard to mitt romney i've said this before i

everything else was agreed between hawkins and the city. >> that was such a deal. if you are not looking to buy in baltimore city, it does include incentives to buyers of 80 short sale property or foreclosed property. we have more information on that our website, wbaltv.com. bankruptcy, one week after the company said it was running short of liquidity. workers were told in letters the company would stop operations at that location and for other locations in the country. an increase in the price of in- state tuition, approved by the state university system's board of regents today after a long fight with then the general synod -- within the general assembly. under the new plan, the president will decide how to implement the cuts and the system will face of $5 million reduction in its in certification funds. governor martin o'malley hosted a group of people for the first- ever business pitch. 10 images were presented during the event. coming in on top, g. b. wallace, and beer giver. the second place winners were awarded ipad. >> not bad at all. >> will there be any -

hawkins. >>> when we come back we will talk about something. >>> they say that two mothers who chaperoned their high school prom and sprayed lysol on students. they thought they were dirty dancing. according to a police report one mom complained that the students were dancing, quote, like they were having sex with their clothes on. that's a messy piece of paper. they should fix those things. some kids claim the disinfectant got into their eyes and mouths and they had to leave. shouldn't they be applauded for their creativity? >> i think they were spraying it with bug spray. >> really? >> no. but they were in colorado and they could have rocky mountain spotted fever. where do they get these chaperons from? >> they are probably parents. >> maybe they are people who like to spray kids with lysol. >> count me as one of them. >> i think i can hire john lithgow now. >> if you were chaperoning that dance would you try to separate the kids or let them be? >> if i was that offended by it, i would be an adult and not call them sluts and whores because that is messed up. it riew inwithed their memor

another bessie crash -- this time near hawkins point road. fire and hazardous materials crews were racing to clean up. a line from the truck was leaking gas which had traffic shutdown for a time. >> developing right now out of baltimore county, police are looking for a man wanted in the death of another man found in a burning truck. authorities are asking anyone who has seen him to contact them immediately. police say he they believe he killed a man who visited a woman he was involved with in the past. the victim was found in the back of a burning pickup. no word on what caused the fire. here is another luck. take a close look at him. anyone with information should call the number on your screen. a teenager is facing nearly two dozen parches tonight following a bomb threat that shutdown county schools. -- two dozen charges tonight. officials shut down and evacuate all the schools and the district 3 that the note said a bomb was inside the school and six other schools and they would all patinate that day. police have been investigating this pi

inner circle at the very beginning was lorraine green who was a chairperson of the campaign, vernon hawkins who was ward 7 resident and a long time political operative and thomas gore. those were the three people. so it could have been those or two people in the inner circle or it could have been the payor himself. i talked to? -- mayor himself. i talked to somebody who said it's about as close as it's going to get to the mayor as you can envision. everybody hopes that isn't the case, but i was surprised when i talked to this particular individual who should know what's going on that they didn't say oh, the chairperson lorraine green did this or somebody else did it. they felt that the mayor is going to have to answer these questions again. >> and does it just go that far or is he going to answer those questions to prosecutors? >> well, as far as we know, he hasn't been called to a grand jury, but there are other people who are and have been called from the very beginning talked about the role of howard brooks who sulaimon brown said gave him money. there are a lot of players. what mary che

>> oh, lots, lots of well-known people amongst them like steven hawkins who, who is always wanted to see more space exploration. wants us to caulil colonize oth planets from his extreme to ashton kucher and myself, my children. lots of our friends and lots and lots of people would just love the opportunity to go up there. >> what about, richard, concerns? there has to be at some point a concern that private enterprise, they're stepping in, they're going to create this new kind of space race. people, you know, wanting to get up there at any cost because there are multiple companies, right? multiple private enterprise companies. what about the danger? does that worry you? >> yeah, i mean i think spacex and virgin galactic are the two principal companies in this area and, you know, we're not going to take unnecessary risks. i mean, obviously, if you're pioneering new technology, you have to accept that, there are risks attached to that. but, you know, but i think the risks for us are far less than they were for nasa 60 years ago. where, you know, they had like for instance, the reentry

>> marshall hawkins. she was riding with the orange county hunt. i was surveilling her on vehicle. we did not ride with her on horses. they thought it was too dangerous and expenses -- expensive. we surveiled her from a vehicle. i noticed there was someone in the bushes and we're going to have to jump. before i could do anything, he stood up and the horse approach defense. -- the fans. the horse put its hoves into the ground and mrs. kennedy went over the head of of the horse. she fell off with her hands extended and did a role and got right back off. -- roll and got right back off. she was not hurt. but i was mad, myself. i chased the photographer. i did not get the film. >> she was between 31 and 34 or 35 in your 28. -- and you were 28. >> i was there in 1960, i started with her after the election. caroline was three years of age. i had a boy that was 4 years old. we have that one child and john was born in 1969 and another boy in 1962. we had children almost the same age. >> i went back and researched the years that children were born and caroline in 1957, a miscarriage in 1955.

hawkins. >> albert briceno is the latest inmate on the move. he has been transferred from the theo lacey facility to the central jail, three miles away. >> most inmates within the county jail are continuously on the move. we do have to screen and rescreen these inmates all the time. basically, how i look at it is, who can play with who. >> shortly after moving into his new cell, briceno discovered his neighbor was an old childhood friend, jeremy bowles. >> i recognized the tattoos. and then when he got up, i said, man, what's up, "g"? he looked at me. and his eyes got all big. the recognition set in. the star threw him off, the tattoos that i got. he got all excited, you know? >> me and albert briceno have been around each other for like the last 22 years. we were neighbors in juvenile hall. >> briceno and bowles are not only old friends. they share long criminal histories. they are considered among the most dangerous and violent inmates in the entire jail. because of that, they will never have physical contact. they are housed in a unit where

the growth act of 1970 a, better known as the humphrey-hawkins act, says benchmarks, growth, and price stability, and the balance of trade. to monitor progress, it mandated that the board of governors at the federal reserve presents semiannual reports to congress on the state of the u.s. economy. the humphrey-hawkins charges charges a dual mandate both maintaining stable prices and full employment. currently the unemployment rate is 8.1%. since president obama took office in january of 09, the unemployment rate has gone from 7.8% to around 10% as the impact of financial crisis spreads. i do believe the u.s. economy is heading in the right direction. as of march, at the consumer price index was 2.7 and%. over the past year a decline of 2.9 term. during the same time, energy has risen 4.6%. the food index has increased 3.3%. both increases are smaller than last month. the index for all items means less food and energy, which was 2.0% in february. all of these factors play a very important role in getting america back to economic growth and prosperity. i look forward to the witness's test

i'm thinking of mesa hawkins and sam with chesapeake. they certainly are in the news in a way they have not been. bad day for gold and for the golden arches. next on "power lunch," mcdonald's shares taking a hit today after disappointing the street. so does that make it a buying opportunity right now for you? >>> also ahead, the ceo of pandora. only on "power lunch." he's bringing the music. [ fe] it's time for the annual shareholders meeting. ♪ there'll be the usual presentations on research. and development. some new members of the team will be introduced. the chairman emeritus will distribute his usual wisdom. and you? well, you're the chief life officer. you just need the right professional to help you take charge. ♪ [ man announcing ] what we created here. what we achieved here. what we learned here. and what we pioneered here. all goes here. the one. the accord. smarter thinking from honda. today is gonna be an important day for us. you ready? we wanna be our brother's keeper. what's number two we wanna do? bring it up to 90 de

>> his name was marshall hawkins, and it happened out near gettysburg. she was riding with -- i think it was the orange county hunt, and i was surveiling her in my vehicle. we didn't ride with her on horses, because the service thought it was too dangerous, too expensive. and so we surveiled her from a vehicle. and i noticed there was somebody down in the bushes, that they were going to have to jump. and before i could do anything, he stood up, mrs. kennedy and the horse approached the fence, the horse saw those photographers and just put its front hoofs into the ground, and mrs. kennedy went ride over the head of the horse, luckily over the fence with her hands and arms extended and did a roll, got right back up, got right back on the horse, and rode off. she wasn't hurt. but i was mad myself. i chased the photographer and finally got him, but i dent get the film. >> you were between 28 and like 32, and she was between 31 and 34, 35. >> that's right. >> when you knew her the most. >> that's right, we were almost the same age, and when i was there in 196

. >> gregg: david hawkins, thanks very much. good to see you. >>> staying on politics, mitt romney the presumed nominee and speculation on who he will be pick as his running mate. a special series, running with romney, bret baier sitting down with a key swing state senator, rob portman. >> john: he has entire series of that. >> heather: possible showdown in china and controversy over chinese activist threatening the two countries. did the obama administration mess this up? our power panel weighs? >> gregg: new violence in syria leading a cease-fire in tatters, raising questions what can be done to stop the bloodshed. david miller will weigh in. a party? [ music plays, record skips ] hi, i'm new ensure clear. clear, huh? my nutritional standards are high. i'm not juice or fancy water, i'm different. i've got nine grams of protein. twist my lid. that's three times more than me! twenty-one vitamins and minerals and zero fat! hmmm. you'll bring a lot to the party. [ all ] yay! [ female announcer ] new ensure clear. nine grams protei