generally in journalism education around the u.s. it's pretty easy because the ethical foundations of journalism are so strong. i know that may come as a shark to many viewers to see that certain areas of the mass media have lost their way, but there really is a strong underpinning of ethical practice that has been with this field for many years. it is much stronger in our area that it is in the general business community, for example, or many other fields. we certainly see the need for it today because the media environment is so multifaceted and so on disciplined in the way it is grown compared to of very finite regimented controlled type of media that we have for during most of the 20th-century. so students are going to go out in a variety of environments, many times on the road and aren't going said the organization is necessarily that will overlay of a strong set of ethical principles. so it is challenging today because -- because if students don't get it here and not sure what reinforcement they're going to get in the real worl

benefit the national press club journalism institute. so if you haven't already bought the book, i would recommend it. and that's the end of my ad there. i want to briefly introduce our guests to set the stage and then we have a special guest, the daughter of the man we will be talking about who will introduce our discussion. first up, i actually do have one short ad for the upcoming programs that we will be having training programs on may 22nd, we will be talking about building a community and building your brand on twitter. and in fact i'm going to be the instructor for that class. may 29th, don't fear the math, turning numbers into stories and stories into award winners. part of our data power journalism series. on june 12th, social media trends for social media managers taught by amy webb of webb media who really is one of the leading trend spotters in the country. and june 25th, excelling at data reporting. another part of our data power journalism series. with that, let me talk about the book a bit. and to me it is pretty personal.

in the history of journalism. which is an interesting thing for a journalist to say because we all know in journalism school you don't say something is the greatest and biggest or anything else but heaves pretty goddamned mad. so he -- he made this rather hyperbolic statement. tom believes that, in fact, the times was probably clearly one of the more powerful forces that was moving against kennedy. at any rate, he was brought back and there was than a summary execution. he was fired slowly. and essentially disappeared from the ap. he could have, i think, is probably fair to say, saved his job if he had recanted. if he had said i really made a mistake and i shouldn't have done it. this he refused to do. and so if you buy the argument that tom and i make which is he did the right thing, we believe it is an act of great journalistic courage, and it also has lessons for today because some of the things that made this particular story possible don't exist. you know. the -- military censors can't control lines the way t

in the history of journalism. which is an interesting thing for a journalist to say because we all know in journalism school you don't say something is the greatest and biggest or anything else, but he was pretty goddamned mad. so he -- he made this rather hyperbolic statement. tom believes that, in fact, the "times jirk was clearly one of the more powerful forces moving against kennedy. at any rate, he was brought back to the united states, recalled, and there wasn't a summary execution. he was fired slowly. and essentially disappeared from the ap. he could have, i think is probably fair to say, saved his job if he had recanted. if he had said i really made a mistake and i shouldn't have done it. this he refused to do. and so if you buy the argument that tom and i make which is he did the right thing, we believe it's an act of great journalistic courage, and it also has lessons for today because some of the things that made this particular story possible don't exist. you know. the -- military censors can't contro

in terms of understanding the journalism of it. so i think it's a legitimate story, and we are going to reveal his identity upon the death of the individual known as deep throat. can you think of another story where the source has become as big as the story? no, probably--probably not. but the whole watergate experience-- both journalistically and in terms of the country-- is sui generis. and that's one more example of it. i mean, one of the things about the journalism of watergate is, is that it's the only episode in our history nationally in terms of the white house where really what we know largely we know not from documents within the white house but we know from outside through journalism to a large extent. we compared notes a little earlier, and we are both of an era in which there were actually typewriters-- yes. in newsrooms. and saw the rolling in of those cathode ray terminals-- i actually did not. i was--i was-- i had left the washington post by the time the first-- they were still using typewriters when i left in '77. i

positions in the country were ulgts it'sed to deepen the quality of journalism. so many of the great journalistic institutions we have in the united states -- "washington post," "new york times," so on -- really developed their expert deals in areas of law and science and medicine and economics in the 1970s and '80s as monopoly profits, as it were, made it possible to do that. of course, the internet has undermined that profitability. and one of the consequences of this, a very sad consequence, is the decline in foreign coverage, foreign news. the closing of bureaus. the closing of operations that make it possible to cover the world. that is happening at the very moment where we now live increasingly in a globally interdependent world. i can make that case, everybody can make the case. we now have a global communications technology. we've never had anything like that before. we develop principles in the united states of freedom of speech and press that are the most protected of any country in the world or any country in human history. so now we're at a point wher

provides to the rest of the world in the way that american journalism can do. i just think we are still -- we're not doing what we did in the -- with the development of the first amendment. we're not -- which was, you know, really a 20th century sort of focus. we're not doing what we did in the 1960s with public broadcasting. we're not thinking about the post world war ii era and "voice of america" and radio for europe. it's bizarre that "voice of america" is legally prohibited from rebroadcasting back into the united states. why? because when it was developed in the 1940s, it was thought, this is a propaganda arm of the u.s. government. and it would be inconsistent with our notions of freedom of the press in the united states to allow them to use that propaganda that we're bringing to the rest of the world and to come back and show it to u.s. citizens. that is a bizarre notion in today's world. it's also i think quite inconsistent with the first amendment. and really ought to be changed. it's just another example of how we are living with a set of ideas about

in the history of journalism. which is an interesting thing for a journalist to say because we all know in journalism school you don't say something is the greatest and biggest or anything else but heaves pretty goddamned mad. so he -- he made this rather hyperbolic statement. tom believes that, in fact, the times was probably clearly one of the more powerful forces that was moving against kennedy. at any rate, he was brought back to the united states, recalled, and there was than a summary execution. he was fired slowly. and essentially disappeared from the ap. he could have, i think, is probably fair to say, saved his job if he had recanted. if he had said i really made a mistake and i shouldn't have done it. this he refused to do. and so if you buy the argument that tom and i make which is he did the right thing, we believe it is an act of great journalistic courage, and it also has lessons for today because some of the things that made this particular story possible don't exist. you know. the -- military censo

provides to the rest of the world in the way that american journalism can do. i just think we are still -- we're not doing what we did in the -- with the development of the first amendment. we're not -- which was, you know, really a 20th century sort of focus. we're not doing what we did in the 1960s with public broadcasting. we're not thinking about the post-world war ii era and "voice of america" and radio for europe. i mean, it's bizarre that "voice of america" is legally prohibited from rebroadcasting back into the united states. why? because when it was developed in the 1940s, it was thought, this is a propaganda arm of the u.s. government. and it would be inconsistent with our notions of freedom of the press in the united states to allow them to use that propaganda that we're bringing to the rest of the world and to come back and show it to u.s. citizens. that is a bizarre notion in today's world. it's also i think quite inconsistent with the first amendment. and really ought to be changed. it's just another example of how we are living with a set of idea

in the country were utilized to deepen the quality of journalism. so many of the great journalistic institutions we have in the united states -- "washington post," "new york times," and so on -- really developed their expertise in areas of law and science and medicine and economics in the 1970s and '80s as monopoly profits, as it were, made it possible to do that. of course, the internet has undermined that profitability. and one of the consequences of this, a very sad consequence, is the decline in foreign coverage, foreign news, the closing of bureaus, the closing of operations that make it possible to cover the world. that is happening at the very moment where we now live increasingly in a globally interdependent world. i can make that case. everybody can make the case. we now have a global communications technology. we've never had anything like that before. we develop principles in the united states of freedom of speech and press that are the most protected of any country in the world or any country in human history. so now we're at a point whe

this could maybe benefit the journal -- german car industry. car shares here among the favorites. >> a closer look of the market numbers. we stick in frankfurt. the dax was higher on the day. more than one percentage point higher. 6396. euro stoxx 50 was also higher, 2160. over in europe, the dow jones industrial average's in positive territory, 12,559. the euro declining, 8 $1.249. no one knows for sure what is next on the agenda for greece, but if the june elections end in a protest austerity government of the country will likely remain in the eurozone. >> that is right. yet, austerity measures are exceedingly unpopular with most greeks, and the possibility of return to the drachma has graded something of a run on the country's banks. >> how does the future look to the greek people? we have this report. >> greeks are not yet lining up at banks to withdraw all their savings, but many, as here, are beginning to fear for their future. a future with the drachma as their currency. >> my money is still in the bank, but i am getting ready to end the

tying 1911, of the school opens 1912, the building opens 1913 it has the name journalism. [laughter] there is speculation why that was. but we rectified that. and then it is the pulitzer there are so many things to talk about but i don't know if anybody has seen the museum which is a monument when there wasn't enough resources but there was a stone tablet that makes the ten commandments look like an asterisk with the first amendment card to in it. what did they have in mind? >> it has a bearing today of 98 -- 18th century. starting as in the impressive enterprise. looking in the dozens and low hundreds they were intimidated by other institutions in society especially church and state. they were under their thumb is. it is a process becoming increasingly political. by 1770 they are expressing themselves on the issues of the day with a reconciliation if we break what do we have? it becomes quite polemical. the products are produced anonymously and people who did not want to be known. that is the nature of the press. it was local. small-scale. what we think of as a regional r

>> this week on the journal editorial report. fresh from a high dollar private equity fundraiser, president obama attacked mitt romney for his ties to private equity. when will romney fight back. plus, greece on the brink with exit from the euro would mean for the u.s. economy. and as california's deficit woes broke and governor jerry brown tax his way back to fiscal health? ♪ >> welcome to the journal, editorial report. i'm paul gigot, fresh from a fund raising swing through manhattan, but included a top at apartment of tony james. and president obama rolled out a long expected attack on republican rival mitt romney's ties to, well, private equity. the campaign released an ad blaming romney and former firm, boehner capital for the 2001 closing of gst steel in kansas city. >> i know how this works, why jobs come and why they go? >> and they were responsible, mitt romney was deeply involved in the influence that he exercised over these companies. >> they made as much money off it as they could and they closed it down and they fi

that's it for "the journal editorial report," thanks to my panel and to all of you for watching. >> the world trade center is symbol of liberty and pride. >> one world trade center rises with the news media giving proper coverage of the event. >> a year ago we were able to finally bring osama bin laden to justice. >> president obama marked one year anniversary of the death of ben bin and take as super secret citizen to afghanistan. is this another calculated political maneuver for votes? how did the media react? >> is the economy still the most important issue in america? new numbers show an uptick in jobs but are the media play it as a major thing for the administration? newt gingrich calls it quits for the g.o.p. pick. was it too soon? all ahead. >> and now, contributing editor of the american conservative magazine, and washington correspondent for talk radio news service, and i am jon scott and "fox news watch," is on right now. >> the last three years the tide has turned. we broke the taliban's momentum. we built strong afghanistan security forces. and we devastated al qaeda's leade

but despite the unity among the panelists of the need for more public funding of journalism, the simpson-bowles recommendation for the public broadcasts was zero. eliminated. as said, everybody's cutting and people do recognize the spending problem in washington. realistically, can we say something about another model that's out there apart from public support? >> i think push-back slightly -- i think perhaps it's broader. you've seen a trend with commercial news companies where there's more -- it's gone more and more towards news properties that are owned by large companies of which news is only one very small part of their business. and, you know, certainly that my former employer was this way, where it sort of went from a family company to being something where the stock price was paramount and ratings were paramount. and so part of it, i think, is not necessarily only, is it public-private funding, but what kind of private funding? and is it a private funding that takes a long-term view? and that considers news to be a public trust? or is it the kind of public funding that only cares about

but the big interests tuges like the "new york times" the "wall street journal" continue to invest in foreign nufments it is a critical dimension for our readers. our leadership surveys, and of course we're in washington, our leadership surveys show that international news is one of the things they most desire from us. continue to cover china is important for our audience. in addition to that, there is this pressure to cover china from these upstarts -- upstarts is really the wrong word. new media. some which are now quite giant, like bloomberg. you know, large organizations that cover the world for an audience that cares deeply about how the world works. they may be investors, they may economically motivated. as i said earlier, i think there is more granlallar coverage of china than there has ever been. i don't think you can make the case, as some people do, that there is not the great foreign correspondence that there once was. i think there is great foreign correspondence across the board. there is more information and more people out investigating unanimous there ever has been. >>

for the models that sustain quality journalism. i think we can all agree that those worthy goals are more critical than ever before. i think today's discussion, whether it was around public spaces, funding, and values, twitter as a curation of access to academia, the role of universities, or indeed the role of the relationship between privacy and freedom is a discussion that's going to be ongoing. we hope you'll join us for a short reception afterwards. we hope you'll pick up a 50th anniversary copy of the magazine. and i just want to say thank you to jim and to shelby for being such great partners, not just in hosting us here at the newseum but in very much developing this program with us and being passionate about these issues. i want to thank bob and my friends at google not just for sponsoring this but for providing youtube videos and again being passionate about these issues. i want to thank our friends at c-span who are broadcasting this so many more people can watch it. we really appreciate that. and again, i want to join my

steve, the headlines in the "wall street journal," fears hit the markets. faith fades in euro firewall. is there a chance, steve, greece could leave the eurozone? >> yeah, i 30's a big chance. you've got to remember we had the greek elections nine days ago. and since then there's absolute deadlock because among all the major parties nobody managed to get a majority. nobody has a coalition together that could get a majority to move forward. it seems the anti-austerity grous and pro-austerity groups they can't form a majority government which means deadlock in greece, which leads to real grave concern that's greece could actually default on its obligations and potentially have to leave the eurozone. now, this puts the whole of the eurozone in a very sticky position because there is no default mechanism for people to leave the eurozone. when these countries joined the eurozone in 1999 and beyond, basically it was a one-way bet. you weren't allowed to go in and out of the single currency. so if greece falls out, the real concern amongst all of the europens and

here's the washington post -- now to the wall street journal this morning -- the washington journal -- that is a little bit from the wall street journal. now back to your calls on what the president had to say yesterday to robin roberts. john, a republican in burnett, texas. caller: hi. he has been for this before in the late 1990's. then he switched, he was undecided. now he has turned all the way back around again. it is just like his voting was in the house or senate in illinois. blows with the wind. this is nothing but a political strategy to get everybody's eyes and mind off the real issues at hand. it is the economy. remember that james carville said it is the economy, stupid. he is playing a game. he does not want anybody to think about jobs and the economy, because he is a complete failure at both. this is not going to work because the people in this country are not that stupid. host: fort scott, kansas on our independent line. caller: i think we have bigger fish to fry in this country. gay marriage, no matter what side you come down on, clearly separation of church and state

>> this week on the journal editorial report. president obama's change of heart. will his new stance on gay marriage matter? come november. and a bomb plot raises questions about al-qaeda's strength and leaves the administration struggling to explain intelligence leaks. and a former wall street journal editor speaks out after being fired, about a popular point of view. welcome to the journal editorial report, i'm paul gigot, in a pre-election change of heart. president obama came out in support of gay marriage, telling robin roberts at abc news, he personally believes that same sex couples should be able to wed and why now? will it help or hurt the president's reelection chances? let's go wall street journal columnist and dan henninger. and james toronto and editorial board member dorothy rabinowicz. james, it's been leaking out from the white house that this was planned sometime before the election, maybe at the democratic national convention time and that biden moved this up because of the timing of his remarks. how do you read it? >> well, there are two things

you're on "the washington journal." go ahead. >> ye >>. >> caller: yeah, here in the united states, we have the same issues you're having over there, but your countries always seem more on the ball to listen to the people. and i was wondering why -- i always suggested how come you guys go to the people and ask their opinion or like i suggested here in the state, there's a lot of people in the united states that are intelligent. they just can't physically work, but they have product ideas or business ideas that could make the country money. and if we had some kind of a competition with the people to come up with ideas to promote new business, new products in the country. then we're allowing the people to somewhat have a certain amount of say in their country so they don't feel so lost. at the same time, it will make a hero out of the people. and then at the same time, the presidente will be able to make himself or herself look good by listening to the people and what they suggest. >> this is certainly a real iss issue. i

"the wall street journal report." now, maria bartiromo. we'll go behind the hype. lbj's legacy. politics, power and lessons learned. i'll talk to robert carrow. and is college worth the cost? an ivy league university president has some surprising answers. "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. >> here's a look at what's making news as we head into a new week on wall street. it was the most eagerly awaited initial public offering in recent memory. and on friday, mark zuckerberg rang the opening bell at nasdaq from facebook headquarters in california. on thursday, the facebook ipo was priced at $38 a share. the upper end of the expected range. it opened much higher than that. that valued the company at more than $100 billion, making it the largest internet ipo ever. company raising $18 billion on that ipo. the company began trading on the nasdaq on friday. take a look at how the stock opened and ho

there was an uproar from the journalism community. the board lead at the time, at the time that he was called the president, went public without talking, we think, to management, and he certainly didn't talk to ed kennedy. and that knee-jerk reaction led to a public repudiation of kennedy in the worst possible way. but if you look at what the desk did, what ed kennedy did, there were a lot of lessons that were right. i spent more time as an editor than a reporter so i have good things to say about editors. they do matter, they count for a lot, and good editors make a big difference. clearly in this case we had our lead reporter on the story. his name, his background, his scope of coverage experience lent credibility as no other. he thought about it. he never made a knee-jerk reaction. he waited 96 minutes from the time the germans' announcement began before he published and he was very thoughtful. he went to the military. he told them the story had to go. and even then he went back to his room for 15 minutes. so the desk handled it we

. >> this week on the journal editorial report. president obama's change of heart. will his new stance on gay marriage matter? come november. and a bomb plot raises questions about al-qaeda's strength and leaves the administration struggling to explain intelligence leaks. and a former wall street journal editor speaks out after being fired, about a popular point of view. welcome to the journal editorial report, i'm paul gigot, in a pre-election change of heart. president obama came out in support of gay marriage, telling robin roberts at abc news, he personally believes that same sex couples should be able to wed and why now? will it help or hurt the president's reelection chances? let's go wall street journal columnist and dan henninger. and james toronto and editorial board member dorothy rabinowicz. james, it's been leaking out from the white house that this was planned sometime before the election, maybe at the democratic national convention time and that biden moved this up because of the timing of his remarks. how do you read it? >> well, there are two things

"the wall street journal report." now, maria bartiromo. >> here's a look at what's making news as we head into a new week on wall street. it was the most eagerly awaited initial public offering in recent memory. and on friday, mark zuckerberg rang the opening bell at nasdaq from facebook headquarters in california. on thursday, the facebook ipo was priced at $38 a share. the upper end of the expected range. it opened much higher than that. that valued the company at more than $100 billion, making it the largest internet ipo ever. company raising $18 billion on that ipo. the company began trading on the nasdaq on friday. take a look at how the stock opened and how it closed. the facebook anticipation did not help the markets much.

>> welcome to the "journal" upon dw -- bond dw -- on dw. berlin denies the pre-election should include a referendum of the euro. >> facebook fizzled. the largest internet ipo leaves investors unimpressed. >> and world leaders gather in the u.s. for the g-8 summit with europe's financial problems set to dominate. that germany's chancellor angela merkel has suggested greased hold a referendum on staying in the eurozone -- greece hold a referendum. >> a source close to the president said she broached the subject of a referendum. merkel's office denied the report. this strikes like lightning and adds to the feeling that new elections in greece next month will indeed be a vote for or against euro membership. let's go to our chief correspondent on the story in berlin. we have to admit -- we were not terribly surprised when we heard this report about merkel's suggested a referendum, but we were surprised to hear her office immediately saying none of this was true. >> they have emphatically denied it. we call the chancellery, and they said she must

for the models that sustain quality journalism. i think we would all agree that those worthy goals are more critical than ever before. i think today's discussion, whether it was around public spaces, funding and values, twitter as a curation of access to academia, the role of universities or indeed the role of the relationship between privacy and freedom is a discussion that's going to be ongoing. we hope you'll join us for a short reception afterwards. we hope you'll pick up a 50th anniversary copy of the magazine. i just want to say thank you to jim and to shelby for being such great partners, not just in hosting us but in very much developing this program with us and being passionate about these issues. i want to thank bob and my friends at google, not just for sponsoring this but for providing youtube videos and being passionate about the issues. i want to thank our friends at c-span for broadcasting it so more people can see it and to david and kristy, who traveled for this, who has much to do and many demands on his schedule.

>> live from berlin, this is the "journal" on dw. austerity versus growth -- the eurozone hub of war is a domestic hattic for germany's chancellor, angela merkel. >> german police conduct raids on premises run by the hell's angels across northern germany. >> human rights around the world. the arab spring but says there's still much to be done. well, it seems everyone is demanding she do more to push economic growth. german chancellor angela merkel got an earful at yesterday's summit of eu leaders. >> they want her to increase more policies aimed at growth instead of focusing first on austerity. >> it is now a domestic problem for the chancellor. today, she met with leaders of the opposition to drum up support for eurozone budget discipline. >> voters sitting across from her told her their vote will come only when she says yes to more growth. >> talks with the opposition did not is the quick agreement the government was hoping for. instead, the parties announced they will meet again next month. >> it was agreed that there are a number

headline in "the wall street journal." talk to us about the french election and how that situation is parallel to or different from the situation in greece. guest: there are analogies and there are differences. france is a key systemic economy. so far it has been relatively untouched by the crisis. this is sort of authorized the french to be in a state of denial. whether you see -- italy and spain have gone forward in facing the crisis. we see the french are lagging behind in a way since the onset of the international crisis. their debt has increased by 1/3. left to the new government that will be appointed by presidents hollande. there is frustration and fear a long french people about the likely consequences of this crisis that still threatens to unravel the area and half a century long process of european integration. host: you mentioned president elect francois hollande. it says he plans to meet with the german chancellor after the inauguration on may 15 to hash out opposing visions for the eurozone. why is it the fren

that's it for this week's edition of the journal editorial report. thanks to my panel and especially to all of you for watching, i'm paul gigot, thanks for all of you watching, see you here next week. >> on fox news watch. >> i've just concluded that i think same sex couples should be able to get married. >> following years of confusing comments, flip-flops on the issue, a surprise statement from his vp, pressure from the press,

that's it for this week's edition of the journal editorial report. thanks to my panel and especially to all of you for watching, i'm paul gigot, thanks for all of you watching, see you here ne >> on fox news watch. >> i've just concluded that i think same sex couples should be able to get married. >> following years of confusing comments, flip-flops on the issue, a surprise statement from his vp, pressure from the pres

journal was 4 1/2 times the average cost of a not for profit journal 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 ma

but the big institutions like the "new york times," "the wall street journal," "the washington post," continue to invest heavily in foreign news. and, you know, we actually built up our foreign bureaus just a little bit last year, we added one bureau back. and it's a critical -- a critical dimension for our readers. our readership surveys, we're in washington, our readership surveys show internationalism is one of the things they most desire from us. so i think that continuing to cover china is important for our audience. in addition to that, there is this -- there is this pressure to cover china from these upstart -- upstarts is the wrong word. from new media, some of which are quite giant now, like bloomberg. reuters is not new, it's been around a century or more. but large organizations that cover the world for an audience that cares deeply about the details of how the world works because they may be investors, they may be economically motivated. as i said earlier, i think there's more coverage, more granular coverage of china than there's ever been. so i don't think you can make t

the "the wall street journal report." now, maria bartiromo. >> here's what's making news as we head into a new week. a disappointing jobs report for the month of aprilil. just 115,5,000 new jobs created last month. well below expectations. the unemployment rate fell to 8.1% as fewer people participated in the workforce but it is still the lowest rate in three years. the march jobs number was revise the upwards 154,000 jobs created then. the mark started the week and ended the month on a down note though. on the first day of may the dow touched a four-year high. a bit of unexpected manufacturing data. then closed at a farr-month high. the markets fell later on in the week. we're getting more information about the facebook ipo. the shares will be priced at$28 to $35 a share when they go pupublic. giving thisis company a valuati of between $85 billion and $95 billllion. ththe company is expepected to public on may 18th. >>> auto sales softened slightly in april. chrysler up 20% compared to the same period a year earlier. gm

the "the wall street journal report." now, maria bartiromo. >> here's what's making news as we head into a new week. a disappointing jobs report for the month of april. just 115,000 new jobs created last month. well below expectations. the unemployment rate fell to 8.1% as fewer people participated in the workforce but it is still the lowest rate in three years. the march jobs number was revise the upwards 154,000 jobs created then. the market started the week and ended the month on a down note though. on the first day of may the dow touched a four-year high. a bit of unexpected manufacturing data. then closed at a farr-month high. the markets fell later on in the week. we're getting more information about the facebook ipo. the shares will be priced at $28 to $35 a share when they go public. giving this company a valuation of between $85 billion and $95 billion. the company is expected to go public on may 18th. >>> auto sales softened slightly in april. chrysler up 20% compared to the same period a year earlier. gm sales

in the history of journalism. which is an interesting thing for a journalist to say because we all know in journalism school you don't say something is the greatest and biggest or anything else but he was pretty goddamned mad. so he -- he made this rather hyperbolic statement. tom believes that, in fact, the times was probably clearly one of the more powerful forces that was moving against kennedy. at any rate, he was brought back to the united states, recalled, and there wasn't a summary execution. he was fired slowly. and essentially disappeared from the ap. he could have, i think, is

♪ >> live from berlin, this is the "journal" on dw. i am brent goff. >> i am steve chaid. >> the leftist party in greece abandoned its attempts to form a government. with a record export figures. >> ukraine's former prime minister yulia tymoshenko is moved from prison to a hospital and ann's her hunger strike -- and ends her hunger strike. ♪ again, the future of grease's economy and its membership in the eurozone are up in the air. three days after national elections, the major parties have failed to form a government. >> as greek party heads struggled to forge a new coalition in the wake of the may 6 elections, the german finance minister has now said european governments cannot force greece to stay in the eurozone of the country decides to leave. speculation about just where greece is headed has caused major storm oil on financial market as worries grow about whether athens will stick to the austerity measures agreed to as part of the mass of the you- i.m.f. bailout. >> the radical left-wing leader has given up his bid to forge a c

"the wall street journal report." i'm maria bartiromo. the facebook frenzy. one of the most anticipated ipos ever goes public. we'll go behind the hype. >>> lpj's legacy. politics, power and lessons learned. i'm talk to pie grapher robert caro. >>> is college worth the cost? an ivy league university president has surprising answers. "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. >> here's a look at what's making news as we head into a new week on wall street. it was the most eagerly awaited initial public offering in recent memory. and on friday, mark zuckerberg rang the opening bell at nasdaq from facebook headquarters in california. on thursday, the facebook ipo was priced at $38 a share. the upper end of the expected range. it opened much higher than that. that valued the company at more than $100 billion, making it the largest internet ipo ever. company raising $18 billion on that ipo. the company be

journal was 4 1/2 times the average cost of a not for profit journal 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 themselve