they san francisco transplant coming down here to work on yet another newspaper, the business journal, doing a great job of it, and james mcgregor. we welcome you here as a moderator. we know you have a lot of questions, so i will let you have at it. thank you. >> mayor lee, after that stellar introduction -- the first question is for you. it is apparent that you are trying to make san francisco more friendly for business and employees. can you talk about the payroll tax issue and how it is helping san francisco in the region? >> thank you, james, for the question. let me say i am happy to be here in silicon valley. i know the relationship with san francisco, the valley, san jose, is extremely important. i wanted to be down here to join these electors panel of guests as well. the payroll tax in san francisco had been one -- i was here about a year ago explaining twitter. as everybody knows, they were not only threatening, they were planning to leave the city of san francisco. they had already identified a building. they said, we are about to grow to about 2000 employees and we are qui

congo, if you read the business journals and trade journals, like oil and gas journals, are you will know these are the areas where all the action is takes place. the places where the major resource corporations are deploying their money, their technology, and their political clout. this summer, for example, as the ice sheet melts and temperatures rise, drilling -- we will see the busiest drilling season ever in the far north, with new projects coming underway in two areas. and the waters of the arctic, off of alaska, and greenland, and the barren sea and we're going to see an accelerated pace of drilling in the deep water of mexico, and offshore brazil, and then offshore west africa. particularly we're going to see increased efforts to distract the presalt oil, the oil below the salt dome under the atlantic ocean off of brazil. mining is also accelerating in these marginal areas, in the far north in siberia, afghanistan, the congo, and month goal -- mongolia, resource distract has always produced problems in human history. they're invasive activities, they're costly, they do produce

the past few years comes from its weakness on the business side, not its weakness on the journalism side. the business model has been undermined in journalism, especially prince where classified advertising has collapsed because of craigslist, where people are expecting to get things on the internet free and not pay for it. some newspapers are having to reinvent themselves through subscription revenue rather than advertising, and advertising is going down. and that means everyone in the newspaper has to be more conscious of the business side of the house and how revenue comes then and our marketing plans apart and that his paper. similarly for broadcasting as well. so there is a lot more to think about than they used to be. and there are a lot more challenges. when you're talking about ethics, clearly you put business in the middle of it, that is a red flag right there. if you have some standards, editorial standards and can't just let making a profit run roughshod over the standards. there is obviously going to be a shakeout. we spend the 20th-century building up an infrastructure

the past few years comes from its weakness on the business side, not its weakness on the journalism side, that the business model has been undermined in journalism, especially print, where classified advertising has collapsed, because of craigslist, where people are expected to get things on the internet free and not pay for it. so newspapers are having to reinvent themselves, and through subscription revenue rather than advertising, and advertising is going down. and that means everyone in a newspaper has to be more conscious of the business side of the house and how revenue comes in and know marketing plays a part in that newspaper. and similarly for broadcasting as well. so there's a lot more to think about it and are used to be. and there are a lot more challenges. we were taught about ethics. clearly when you put business in the middle of that, well, that is a red flag right there, that if you, you've got to have some standards, editorial standards they can't just let making a profit run roughshod over those standards. >> there's going to be a shakeout. we spent the whole 20th centu

not the least to the business of journalism as well as the practice has been the corporatization, the politicalization, and the trivialization of the news. i do not except myself from this. we in journalism have lost our spine. our grit and gut. and i include myself in that criticism. i see some signs it is getting somewhat better. as i outlined in "rather outspoken" we have situations where now no more than six or four global corporations control about 80% or more of our true national circulation. in very big business, forgive my phrasing if you must. very big business is in bed with big government in washington. that effects what you see and hear and read in the news. that's not a good situation for us. you and i know that a free press, an independent, fiercely independent press is the red beating heart of democracy. and we begin to diminish the standards. you have this political and business influence. >>> any diplomatic confrontation or any sense they were being lectured to by the united states. really we just don't know. this has always been a fluid situation. cast your mind back

but i do think that the internet has moved the academy much more into the business of what journalism used to do in a way that's fantastic. >> i think that's an interesting -- >> to which i would just add that in most of the country geographically, one would expect to find a public radio station system that i'm part of licensed to a local university. typically a state university. >> right. >> that role is very important there. here's some really inexpensive journalism, or at least video. this is from citizens tube. and this is a new way, a completely new way in which many of us saw what was happening during the arab spring. we're going to see a little bit of video. first from egypt, then from syria. let's roll egypt first. [ chanting ] >> i think we're all used to this experience. there's no narration. we can see a tremendous number of people. we're not being given a crowd estimate by anyone. but this is a kind of citizen journalist video of a story that was simultaneously being covered by mass media. sometimes with some interference from the authorities. it's a -- there's that sort o

but i do think that the internet has moved the academy much more into the business of what journalism used to do in a way that's fantastic. >> i think that's an interesting -- >> to which i would just add that in most of the country geographically, one would expect to find a public radio station system that i'm part of licensed to a local university. typically a state university. >> right. >> that world is very important there. here's some really inexpensive journalism, or at least video. this is from citizens tube. and this is a new way, a completely new way in which many of us saw what was happening during the arab spring. we're going to see a little bit of video. first from egypt, then from syria. let's roll egypt first. i think we're all used to this experience. there's no narration. we can see a tremendous number of people. we're not being given a crowd estimate by anyone. but this is a citizen journalist video of a story that was simultaneously being covered by mass media. sometimes with some interference from the authorities. there's that sort of international global rhythm of

not the least to the business of journalism as well as the practice has been the corporatization, the politicalization, and the trivialization of the news. i do not except myself from this. we in journalism have lost our spine. our grit and gut. and i include myself in that criticism. i see some signs it is getting somewhat better. as i outlined in "rather outspoken" we have situations where now no more than six or four global corporations control about 80% or more of our true national circulation. in very big business, forgive my phrasing if you must. very big business is in bed with big government in washington. that effects what you see and hear and read in the news. that's not a good situation for us. you and i know that a free press, an independent, fiercely independent press is the red beating heart of democracy. and we begin to diminish the standards. you have this political and business influence. it's not healthy. whether you consider yourself a conservative or a progressive or liberal, it's not good for the country. >> i agree. it's been a pleasure to talk to you as always.

the jacksonville business journal reporting that the company is up for sale. take a look at that spike right there. now up almost 8%. tyler, that is your "power lunch" pop of the day. back to you. >>> when jim cramer talks, we listen here at "power lunch." he is for the small investor, the little guy. and so are we. so we do listen. and he summed up the war between man and machine as well as anyone could on last night's "mad money." take a listen. >> the individual investor has seen the enemy. and it isn't herself. it's endless financial engineering and the arrogance associated w ed with it. time and again that's the real issue behind the woes we get so frequently. >> facebook may be another example of the individual investor getting mauled by the machines. is there any way to make it an even, level playing field? bob pisani recently produced a documentary about it. eamon javers had a fwraet report last week. let's talk to both of them now. bob, are the high frequency traders, are the financial synthetics, the enemy of the little guy? yes or no? >> no. i don't

hector barreto joins us to talk about the issues impacting small businesses. and with the house passing a short-term extension, we will take a look at the program with carolyn kousky. "washington journal" there's every morning beginning at 7:00 a.m. eastern here on c-span. live today on c-span, the small business administration is marking small business week with the impact made by small businesses and entrepreneurs. and then at noon, he will outline the service, but fleet. at 2:00, remarks from former- supreme justice, and john paul stevens. justice stevens set down in georgia 10 after 35 years in the court. you can watch live coverage here on c-span. >> i work a lot now with this young girl generation of digital natives. from their point of view, they feel like old media is in significantly fact check. one of the things that drives them crazy is anything that does not have a link to the source. being in actor with your sourcing is much harder on line than it is in print because you can check that right away. i think the internet community tends to be a lot m

before acquiring the business, she was involved in journalism quite a bit and government. she served in the obama administration as director of speech writer and senior adviser to secretary of state. she was senior adviser her on hillary clinton's campaign and cocollaborater on clinton's white house memoir living history. next to her we have sam is the director of he began his publishing at harvard. university of california. he's worked a number of best selling authorities including el wilson and ohio oliver sacs. representing authors and agents is raphael "rafe" sagalyn, who runs the bethesda, md.-based sagalyn literary agency some of the authors he represents down here in the dc area include dan pink, rick akndson and simon johnson. with all that said. i'm going to start off with a few remarks. tell you about the over view of where things are. we'll hear from each of the panelists. we're start off with the question that every publishers ask at every convention. how many people read their books on a kindle? how many people read their books on an ipad? how many people read

we celebrate the businesses in district 2. we are supporting them. we will be heading up that ada is to soon. i want to say thank you for celebrating neighborhood newspapers and journalism. it is important that it keeps driving. thank you. -- that it keeps thriving. thank you. [applause] president chiu: it is my honor to make the next presentation. this list is a wonderful cross- section of the small businesses. it is a bit of a reflection on what my colleagues and i enjoy doing in our spare time, whether be spending time in bookstores, reading neighborhood newspapers, or eating pizza, ice cream, or chinese food. i have to admit that i have been partial to be oysters in my district. is tommy here? i did not see before. if you are not, i will pass for a moment and go to supervisor chu. supervisor chu: thank you. is eric wu here? come on up. today i have the great honor of commanding a great business in district 4. it is an ice cream shop. with us today is eric wu. pollyann's is a local shop in the sunset district. he is the owner. it has been with the

and the cost of a citation was 9.2 times the cost of a not for profit journal. these differences don't reflect the inefficiencies of for profit journals. they reflect, instead, a business model that seeks to exploit inelastic demand that some have for for profit journals. for many publications, the benefit from the increase in that price to elite universities more than outweighs the loss from institutions that can no longer afford access. so the internet changes this dramatically by offering a flee digital platform for distributive work and not just publications data, as well. but this work, too, needs revenue to support its provisions. and so journals such as the public library of science medicines make published work available for free, but the authors must pay publication fees in order to make that work available initially. and while these fees are often consumed within research projects, these research budgets could benefit from the support that the dividend prize authors so that more science can make themselves available in this particular way. finally, let

and the cost of a citation was 9.2 times the cost of a not for profit journal. these differences don't reflect the relative inefficiency of for profit journals. they reflect, instead, a business model that seeks to exploit inelastic demand that some have for for profit journals. for many publications, the benefit from the increase in that price to elite universities more than outweighs the loss from institutions that can no longer afford access. so the internet changes this dramatically by offering a free digital platform for distributive work and not just publications data, as well. but this work, too, needs revenue to support its provisions. and so journals such as the public library of science medicine make published work available for free, but the authors must pay publication fees in order to make that work available initially. and while these fees are often subsumed within research budg s budgets, these research budgets could benefit from the support that the dividend prize authors so that more science can make themselves available in this particular way.

is raising the debt ceiling for each team according to sports business journal they're increasing the feeling from one hundred fifty to two hundred million shannon when you are n.f.l. go to girl what say you. i believe it's funny that they have a salary cap for the players so as much as they're going to go into debt it's not going to help the players any at all with their already large salaries i just think it's really i mean they plan on going to all the other ways tax payers players everybody getting the shaft five years ago i should mention the n.f.l. tried to decrease the per team debt limit from one hundred fifty million to one hundred twenty five million so times now that changed those thirty for the n.f.l. well now it's stimulus why don't think look this isn't surprising in my view right this is normal everything runs on that now so of course the n.f.l. is going take its cues from washington is going to say listen you know we don't run like a normal business anymore let's raise the debt ceiling let's raise the debt ceiling where we get a few more touchdowns we will grow our way

and canada were involved in the previous recall cranes business journal says that because of lower power prices com-ed will have prices falling ... but the rates will climb significantly come january 9th% higher than they are today ... looking at the numbers the markets are more stable today as greece attempts to form a new government jobless claims were helping the market out as well ... live it from the new york stock exchange have a great afternoon cramming for exams takes on a whole new meaning at a school in central china many students at the school are connected to intravenous drip hanging from the ceiling they get amino acids through the ivy to provide extra nutrients and help the students prepare for their college entrance examinations the test can spell success or failure for the rest of their lives and with competition to get into university so fierce in china the students say that taking these amino acids helps to deal with the pressure of studying and getting up early and going to bed late this could cause kidney damage ... and there are other concerns about infection control

journalism. we celebrate the businesses in district 2. we are supporting them. we will be heading up that ada is to soon. i want to say thank you for celebrating neighborhood newspapers and journalism. it is important that it keeps driving. thank you. -- that it keeps thriving. thank you. [applause] president chiu: it is my honor to make the next presentation. this list is a wonderful cross- section of the small businesses. it is a bit of a reflection on what my colleagues and i enjoy doing in our spare time, whether be spending time in bookstores, reading neighborhood newspapers, or eating pizza, ice cream, or chinese food. i have to admit that i have been partial to be oysters in my district. is tommy here? i did not see before. if you are not, i will pass for a moment and go to supervisor chu. supervisor chu: thank you. is eric wu here? come on up. today i have the great honor of commanding a great business in district 4. it is an ice cream shop. with us today is eric wu. pollyann's is a local shop in the sunset district. he is the owner. it has been with the

you business and finance majors may be providing the capital for the discoveries to be brought to market. education and journalism majors may be teaching about those discoveries. nursing and premed students may be talking to patients about them and you future lawyers, yes, lawyers always have to be involved in everything we do, you may be needed to protect

again "the wall street journal," protect the military from further cuts and make up, medica medicare, medicaid. their description of the ryan budget, which ryan accepts. >> we are spending almost nothing on defending europe. we have 75,000 troops down from 300,000 in the cold war mostly paid for by host countries. europe is costing us nothing. nuclears are costing us very little. those are not the drivers. you have to decide do you want the ability to deal with iran. want ability to use troops if we have to use them whether in the balkans or middle east, or afghanistan. if you think that's necessary. i think you end up with, the current military budget. >> i don't want to use troops in the balkans. you haven't listened to the western europeans. nato was a great move by harry truman and republican senators, bipartisan. we continue, nato is a mechanism for keeping europeans military budgets low. we have a major presence in europe. and the planning is still there. in terms of the balkans, yeah, let the europeans take the lead there. we have wealthy nations in europe, with a large populat

cause as well on the same visit. also making headlines in the business world u.s. energy giant gas production fuel prices the wall street journal says exxon mobil's output declined around two percent the first quarter and connor's to point five percent u.s. have seen gas prices drop to the lowest level in ten years due to warm weather and booming shale gas production. that's all i have for you this hour but of course nextel they'll have the opening figures for the u.s. markets and we'll be close to the closing bell in russia. thanks to me tree here now to just a few minutes an update on the progress of. venues construction all appears to be going well but we've got an update for you after a quick look at the headlines with me kevin next. me eve. eve. there hasn't been anything yet on t.v. . it is to get the maximum political impact. before source material is what helps keep journalism on the real world. we want to present. something else. very good afternoon for me kevin owen here at our team today it's half past five moscow time the top stories the cracks grow wid

robert thomason at the washington journal and i did china. and harvard business review is a china person. there were a lot of people who were in china in the 80s and 90s that are now running things. we are all pushing for more sophistication in our coverage and a deeper understanding in china. and i think you see it in the coverage, and you look at the guangcheng thing and reuters has done this too. and part of that pressure comes from the people at the top and understand how important china is and why it matters. you come out caring about china and there are frustrations that may resonate from having been there. and this news organization in the u.s. to get a visa to go to china. when china says we want greater understanding. and we feel it's important for america to bring understanding. and we want to speak with someone who speaks english and met with a stone wall. that may create some frustration and we will persevere and climb over the stone wall. >> april, let me ask you, your friends in the media. do you notice any difference in attitud

the name of the well-known business newspaper. the court determined this was conversion because the local newspaper was, in essence, attempting to capitalize on the good name and reputation of the larger, better known financial daily. to prevent this from taking place, or to at least discourage it, property owners need to protect their possessions; and the same need for protection applies to companies who are working on the development of new products. one recent case involved a brilliant computer programmer named rolf considine, who worked for tricode incorporated, a major software developer. considine pioneered a startling breakthrough in telecommunicatis software, and asked tricode for a share of the expected profits. while tricode appreciated considine's effort company policy stated that any software development done by employees during their stay at tricode was the property of the company. so rolf considine resigned his position with tricode, determined to take his expertise with him and manufacture the program on his own. fo

formula to success fixing journalism with tabloid headlines a look at their business model and ask if this could be the best way to save the news. and forget drugs alcohol and sex american college students are experimenting with something a little more dangerous these days unmanned aerial vehicles and you won't believe how far they're pushing the drone technology. well good evening it's wednesday may second seven pm in washington d.c. i'm christine you're watching our team. well let's take a look at what we've seen unfold on city streets over the last twenty four hours both in this country and around the world may day protests have sparked a much more than discussions about workers' rights and immigration reform here in the u.s. much of may day was organized and celebrated by those involved in the occupy wall street movement it was a day that had been planned for months deemed by many occupy activists as sort of the come back to the resurrection of the movement in a form visible to the public and to those who haven't been involved in some of that work being done behind closed doors ar

fact that the media is now more driven by business than by journalism. i mean i think that's always been a problem to some extent but i'll tell you what the real problem i think at the end of the day is that i mean you have these movements you have the occupy movement even to a certain extent a without outside the occupy movement there are other populist movements that have a real problem with money in politics well just this week the f.c.c. was sued by the major networks because the f.c.c. is now going to require major networks to post on line these are records they already have to keep post on line how much political advertising where their revenue comes from in terms of political ads and so i mean just contemplate this for a moment the networks don't there's no cost to them involved in this of course they're already keeping the records except for they're in some file cabinet down at their at their headquarters they don't want it online because if they were to show the american public the american public had access easy access to these figures they wou

formula of success mixing journalism with tabloid headlines at their business model and ask if this could be the best way to save the news. and forget drugs alcohol and sex american college students are experimenting with something a little more dangerous these days unmanned aerial vehicles and you won't believe how far they're pushing this drone technology. it's wednesday may second eight pm in washington d.c. my name is christine freeze out here watching our t.v. . let's take a look at what we've seen unfold on city streets during the last forty eight hours both in this country and around the world may day protests have sparked much more than just discussions about workers' rights or immigration reform here in the u.s. a lot of may day was actually organized and celebrated by those involved in the occupy wall street movement this was a day that had been planned for months deemed by many occupy activists as sort of the coming back day resurrection of the movement in a form visible to the public and to those not involved in some of the work being done behind closed doors over the la

and the newspaper stays in business until slavery ends with the civil war. now, some of the abolitionists were black people. not all the abolitionists were white. i think the textbooks up until maybe 40 years ago or so would often portray the abolitionist movement as all white. it was not all white. there were some black abolitionists. for example, david walker. david walker is a native of the south. he's from wilmington, north carolina. excuse me. his mother was a free black woman. he came to the north in the 1820s. and he settled in boston. he ran a clothing store in the town's black business district. he was a devout churchgoer. so was garrison. garrison is a very devout protestant, knows the bible very well. so was david walker. he's an active member of the methodist church. he's also sympathetic to working-class black people in boston. and he's also willing to help fugitive slaves. if a fugitive slave showed up at his house, walker would of course help them. in 1829 he published a book. and the title was "appeal to the colored citizens of the world." "a

fact that media is now more driven by business than by journalism. i mean i think that's always been a problem to some extent but i'll tell you what the real problem i think at the end of the day is that i mean you have these movements you have the occupy movement even to a certain extent without outside the occupy movement there are other populist movements that have a real problem with money in politics well just this week the f.c.c. was sued by the major networks because the f.c.c. is now going to require major networks to post on line these are records they already have to keep post on line how much political advertising where their revenue comes from in terms of political ads and so i mean just contemplate this for a moment the networks don't there's no cost to them involved in this of course they're already keeping the records except for they're in some file cabinet down at their at their headquarters they don't want it online because if they were to show the american public the american public had access easy access to these figures they would

you business and finance majors may be providing the capital for the discoveries to be brought to market. education and journalism majors may be teaching about those discoveries. nursing and premed students may be talking to patients about them and you future lawyers, yes, lawyers always have to be involved in everything we do, you may be needed to protect patents and of course fight off other lawyers. technology revolution that is reshaping our understanding of the world and the freedom that you join to pursue your dreams are complementary, which is why i've mentioned both of them. they reinforce each other. the more we learn, the freer we will be and the freer we are, the more we will learn. life and liberty. that is the motto of your universety and that i believe will be the defining spirit of the 21st century. the more light we shed on the nature of the world, the more we advance knowledge in science and technology, the more liberty we will spread. in fact, i would argue that the technological revolution that is now under way will not only be our most powerful weapon in the fight aga