joining me now, paul henderson and defense attorney karen desoto. thanks for joining me on this big news day. pa paul, i'm going to start with you. the white house just released a statement from president obama which reads in part, i know this case has elicited strong passions and i know in the wake of verdict i know those mags hes may be running higher. but we are a nation of lawes and a jury has spoken. >> i think as a prosecutor i'm frustrated and i'm frustrated when whenever there is a victim and the family sufferes a loss. i think the bigger issue in this trial is the voice of concern from many disenfranchised communities that feel like the criminal justice system failed them. i've been a prosecutor and litigator for a long time. i believe the system works best when everybody is at the table and inclusive. in this case, i believe the voices we are hearing criticizing this case is because they didn't feel like all of their voice has heard. this was a very difficult case from the beginning given facts and evidence that the prosecution had. i thin

i'm going to say it, karen. my experience has been that women can be very critical jurors when there is a female witness whose credibility is at issue. very circumspect. >> i agree with that. >> can i just jump in? i get so tired of all this talk of female jurors. if this was an all african-american or all jewish jury or 65-year-old jury, would we be engaging in this? >> yes, we would. >> absolutely would. >> it's an oddity. >> like we're some kind of strange life form and like we can make generalizations about women. if this case teaches us anything, it's not to generalize based on immutable characteristics like race or gender. >> lisa, i think the world of your opinion. i totally disagree. it is a monolithic jury. >> it's not monolithic. >> i don't know how to read it. >> they're different ages. they're different occupations. >> have you ever seen a jury all male or all female? >> no, i haven't. but these women are very different from each other. just because they're all women? >> i'm not being critical of the

once again congratulations to anacita, gwen, shirley, and karen. can we have all the other recipients of this pres tangibleious award -- please stand if you're able. okay. don't be shy gosh. again how about a big round of applause for all these standing. [applause] one of the greatest awards is to be honored by your community, by your own people, so again my hats off to all the recipients for this year. we give thanks to the native american aids proyektd, the mayor's office office of services, each bay health center, aqmd, the health center of santa clara valley and once again we applaud you and we thank you. [applause] going back over to our singers. smoky bay, two starts and a song -- one of your favorites and napsters two starts as well. dancers, do you want to come in? all right. here we go. make them dance. (drums). >> good singing. good dancing. here we go. rocking san francisco city hall. good dancing. all right. (drums). napsters take it away. two starts. all right. we would like to get the honorees. if the honorees could come up here by th

karen finerman gives us the fine print. apple giving a bit of a boost here, still up only about a third of a percent. apple shares higher by 4% at this hour. stay tuned. ♪ "first day of my life" by bright eyes ♪ you're not just looking for a house. you're looking for a place for your life to happen. [ male announcer ] this store knows how to handle a saturday crowd. ♪ ♪ [ male announcer ] the parking lot helps by letting us know who's coming. the carts keep everyone on the right track. the power tools introduce themselves. all the bi ts and bulbs keep themselves stocked. and the doors even handle the checkout so we can work on that thing that's stuck in the thing. [ female announcer ] today, cisco is connecting the internet of everything. so everyone goes home happy. peace of mind is important when you're running a successful business. so we provide it services you can rely on. with centurylink as your trusted it partner you'll experience reliable uptime for the network and services you depend on. multi-layered secu

four minutes of planning. >> karen, that's not original. i mean, i've been in cases where time has been a factor and lawyers will sit there and watch that time. how effective do you think it was in this case? >> it's extremely effective because four minutes is a really long time, especially for an argument or tussle or four minutes alone can be a lifetime, especially in these cases where you have the self-defense cases that are flip-flopping. it's like a shakespeare play. as you're doing the self-defense you're trying to create your client as a victim. so the four minutes is very powerful and very descriptive. >> the thing is trayvon martin had plenty of time to go home if he were attempting to go home, i think they said the distance of a football field. in rebuttal, was john guy successful in addressing this point? >> absolutely. i tip my hat to john guy. they did a fabulous job. they crossed every t, they dotted every i. and he did. they answered this question, but they answered it in a strange way. they played a different ball game. they

lisa, paul, tad, karen are all staying with us. coming up, the jury's been instructed on the law and now they have the case. let's get into the what may sway them as they deliberate the fate of george zimmerman. later to the role race may play in the jury's decision. this is "hardball," the place for politics. pores just by washing your face? [ female announcer ] neutrogena® pore refining cleanser. alpha-hydroxy and exfoliating beads work to clean and tighten pores so they can look half their size. pores...shrink 'em down to size! [ female announcer ] pore refining cleanser. neutrogena.® [ female announcer ] pore refining cleanser. i'm gonna have to ask you to power down your little word game. i think your friends will understand. oh...no, it's actually my geico app...see? ...i just uh paid my bill. did you really? from the plane? yeah, i can manage my policy, get roadside assistance, pretty much access geico 24/7. sounds a little too good to be true sir. i'll believe that when pigs fly. ok, did she seriously just say that? geico

will that continue. >> phil it's karen. if gas prices move down considerably do you think that affects the stock to the down side and also do they offer financing for these cars? >> yes, they do. the whole reason they're doing is that is when you look at the luxury auto market particularly above $30,000 people want to finance with a lease. that's the whole reason they moved into that market. they've got the financing that's competitive with jaguar bmw or any of the luxury brands. they're counting on people to get into tesla. with regards to gas prices karen, interesting that when they drop off, if they drop off a lot, you seeittl of a slowdown in demand and interest in electric vehicles but that core base is there. i think it's likely there for tesla. i don't think that's going away. >> phil we're going to leave it there. thanks for your input. grasso bought it today. pete would play it by options. dan you would trade it as a trading vehicle, correct? >> i think you buy it on dips. i think it's going to go for a while. >> i

i have the great honor and privilege to introduce and to introduce karen harrison who is also receiving this award tonight. karen harrison is a registered nurse and clinic manager at the native american indian center in oakland and a member from a tribe here in california. she started out as a medical assistant in 1985 with the native american health center and went on to get her registered nurse degree so she's been with the health center for 27 years and 21 of those years she has been a registered nurse. [applause] karen has greatly contributed to the native american health center and sharing her knowledge and wisdom with the whole agency and this goes out to the community as well and serves as a chair on the advisory community and board member of the friendship house and coached american indian children in the tribal athletics program and known as the coworkers as the patient whisperer and when there is a patient that is angry or agitated she is always successful in calming them down. she is a mother and her with her family tonight. can all her kids wave? and she is here with her sis

i agree with karen that people are moved by individual stories. i filmed for over three-and-a-half years. i went to each of the training sessions. gideon's promise they get together every six months. i went to all of those and in between those trips i went to visit the individual lawyers. i thought if i can show people what their -- because i kept wanting to answer the questions why could anybody do this job. i wanted to turn that around and say how can you represent that people from the perspective of the people doing the work and what was motivating them and i thought it was to tell it through their eyes and show why they get so emotionally invested. the thing i would say is when you make a film, it can be very lonely you are by yourself with an editor and doing what you think you should do. so seeing with an audience what has been the most gratifying is people are rooting for the clients and in every screening somebody will stand up and say, it's young people and they will say, at sundance this kid stood up and he said i'm a public defender and

and karen hunter is a politzer prize winner who owned her own publishing company karen hunter and sam seed seder. is this a victory for john mccain or harry reid. >> it's a victory for both. it's a bigger victory for harry reid, it's a big victory for the country. we've basically got who we now have the legal counsel for the afl/cio who is going to be sitting on the the national labor board. and the bottom line for john mccain, this is a big victory because john mccain loves the filibuster. every politician loves the filibuster. one, it enhances their power and two, they don't have to face hard votes. it came from harry reid reed to corral the caucus. >> cenk: it's like the deja vu of the bipartisan john mccain. what does this did to center mcconnell's stock. >> can it get any lower? i don't think it can get any lower. it does drop it dramatically. but i was happy to see that the grownups are coming back to their senses in congress. we sent them to congress to get our business done, and to reach acrossacross the ail which they've done until recently, and i think their 11% approval rat

i'm karen tso. these are your headlines from around the world. barclays trading sharply lower as it reveals plans to raise bigger than expected 5.8 billion pounds in capital to meet fresh demands from the uk's banking regulator. >>> deutsche bank shares also weaker as a 630 million euro provision for litigation cost weighs on second quarter numbers. but there is better news from ubs, the swiss lender posting strong results, though the group remains cautious. >> clients are still very cautious across the board, so overall i would say it was not as good as the first quarter, but still very, very strong quarter. >>> and bp under pressure. the oil giant admitting it must raise provisions for its gulf of mexico compensation fund while underlying earnings also come in below expectations. >>> record quarterly profits, though, for sprint to acquire softbank in japan, that's thanks to big returns from mobile games developer gung ho online. >>> a very busy day on the earnings front. let's delve in. ubs, solid

thanks, karen, and thank you, alex for being here. >> thank you, matthew. .

i'm joined by frank bruny of the "new york times," karen tumulty of the "washington post" and film maker alex gibney. >> a broader question. is all of this going on with the scandals with anthony weaner and elliott spitzer and what happened with mark sanford more of a commentary about them or more of a commentary about us as a society? >> i think you could make either argument. what fascinates me is what it says about them or what it says, to be more precise, about the kind of people who are drawn to politics. if you look at the sexual scandals of all three of these men you see very narcissistic personalities. you see men who seem to need a whole lot of affirmation and attention. certainly and especially in the weaner case he's in cyberspace saying anyone out there want to admire me and feed my ego? they fall and then all of them want back in. i think because it's really hard if you're that personality type to give up the microphone. >> immigration reform, politics and forgiveness next. captioning sponsored by rose communications from our studios in new york city, this is charlie rose. >

basil smikle and karen hunter, we're going to have you back later in the show. it's great to have you here. >> thank you. >> john: the grand 'ol party. it turns out it's not all that grand for republicans any more. we'll explain coming up next. >> did anyone tell the pilgrims they should self-deport? >> no, they said "make us a turkey and make it fast". >> (laughter). >> she gets the comedians laughing. >> that's the best! >> that's hilarious. >> ... and the thinkers >> okay, so there is wiggle room in the ten commandments is what you're telling me. >> she's joy behar. >> ya, i consider you jew-talian. >> okay, whatever you want. >> who plays kafka? >> who saw kafka? >> who ever saw kafka? >> (laughter). >> asking the tough questions. >> chris brown, i mean you wouldn't let one of your daughters go out with him. >> absolutely not. >> you would rather deal with ahmadinejad then me? >> absolutely! >> (singing) >> i take lipitor, thats it. >> are you improving your lips? >> (laughter). >> when she's talking, you never know where the conversation is going to go. >>

we will discuss, next. [ karen ] did you lock the front door? [ john ] nope. [ tires squeal ] twelve bucks a night! no. they have waterbeds. ew. no! are we near a gas station? [ phone beeps] [ phone ] no. is that from the mini bar? [ both ] no. is that a cop? no. [ cop ] do you know how fast you were going? no. eighty-seven [ groans ] he's right. is that oscar mayer? [ karen] yes! [ male announcer ] in a world filled with "no", it's nice to finally say "yes". oscar mayer selects deli meat, no artificial preservatives and gluten free. it's yes food. it's oscar mayer. (announcer) bring the adventure to their bowl with a whole world of exciting flavors. friskies. feed the senses. since aflac is helping with his expenses while he can't work, he can focus on his recovery. he doesn't have to worry so much about his mortgage, groceries, or even gas bills. kick! kick... feel it! feel it! feel it! nice work! ♪ you got it! you got it! yes! aflac's gonna help take care of his expenses. and us...we're gonna get him back in fighting shape. ♪ [ male annou

his wife karen survived the crash. she was pinned be naevt debris and given first aid by nurse who witnessed the crash and comforted her until first respond investigators could arrive. karen was taken to hospital in reno and expected to survive her jersey. >> you can never take flying for granted. >>reporter: we caught up with pilot at palo alto airport and says experience can only take you so far. being prepared for the than expected is essential and according to him tahoe airport is one of the trickiest airport in the renal to navigate. >> since it has high altitude there, there's a spiral route to come in and out of the airport because of cirrus 30. officials confirm the couple anything become to palo alto airport after spending a weekend in tahoe with their daughter and other family members. now the fa:and ntsb will investigate what caused the plane to crash. it's a process that could take months. in palo alto, nick smith a. bc 7 news. >> new details after plane nose gear collapsed during landing in new york. feder

. >> karen: how are you coping? >> katie: this isn't easy. >> karen: what about will? >> katie: he's fine. i don't think he really understands what's going on. thank you so much for coming from new york. i really didn't want to involve you. >> karen: i wouldn't be anywhere else. my brother doesn't know what he l

the only thing i disagree with karen is my

that couple has been identified at steven and karen lefton. alicia has the story. >> reporter: they were fun- loving and always ready to have a good time. this morning's plane crash was shocking and heart-wrenching. >> reporter: they crashed in the woods. steven was flying the plane with his wife on board. the sheriff's office says the plane lost altitude shortly after take off. they ended up in a wooded area. the couple's neighbor says the two were avid travelers. >> i was hesitant with a single engine plane. it is tragic. >> reporter: karen provided aid and comfort until medics arrived. she was rushed to a hospital in reno and expected to survive. >> very very nice people. they really enjoyed life. if you -- basically think of anyone who enjoyed life, they were always happy. >> he was an experienced pilot flying for over 20 years. they are analyzing the cause of the crash. alicia reed, kron4news. >>> laguardia is still shut down after a nose wheel on a plane collapsed after touching down. passengers talked about what happened. >> the worst p

] bill made it look very easy. >> karen: he was a better c.e.o. than a husband. >> katie: well, now he's not either, so... >> karen: he betrayed you with your sister. you did the right thing. >> katie: i'm not sure what the right thing is anymore. but i have employees and i have shareholders counting on me, so let's get to work.

let me start by opposing a question to karen chen from the public defenders office. karen, can you -- how about if you start by giving us an overview of how the city handles this conflict between treatment and civil liberties. >> an involuntary hold starts in san francisco when a peace officer or a clinician makes the determination that the person is due to a mental disorder, is a danger to others or danger to self or gravely disabled. gravely disabled means that person does not have the ability to provide for basic needs such as food, clothing and shelter. and the legal representation starts in most cases the first 3 days of the involuntary hold during the initial psychiatric evaluation and then the legal representation also continues with if the person is asked to be stayed or referred for further treatment up to 14 days. during this phase, the attorneys will represent the clients about whether or not they will have to stay on this hold, whether they have to take medications. if a person after at the end of the 14 day hold is found that may need further treatment,

his wife karen survived the crash. she was pinned be naevt debris and given first aid by nurse who witnessed the crash and comforted her until first respond investigators could arrive. karen was taken to hospital in reno and expected to survive her jersey. >> you can never take flying for granted. >>reporter: we caught up with pilot at palo alto airport and says experience can only take you so far. being prepared for the than expec expected is essel and according to him tahoe airport is one of the trickiest airport in the renal to navigate. >> since it has high altitude there, there's a spiral route out of theand airport because of cirrus 30. officials confirm the couple anything become to palo alto airport after spending a weekend in tahoe with their daughter and other family members. now the fa:and ntsb will investigate what caused the plane to crash. it's a process that could take months. in palo alto, nick smith a. bc 7 news. >> new details after plane nose gear collapsed during landing in new york. federal investi

his wife karen survived the crash. she was pinned be naevt debris and given first aid by nurse who witnessed the crash and comforted her until first respond investigators could arrive. karen was taken to hospital in reno and expected to survive her jersey. >> you can take flying for granted. >>reporter: we caught up with pilot at palo alto airport and says experience can only take you so far. being prepared for the than expected is essential and according to him tahoe airport is one of the trickiest airport in the renal to navigate. >> since it has high altitude there, there's a spiral route to come in and out of the airport because of cirrus 30. officials confirm the couple anything become to palo alto airport after spending a weekend in tahoe with their daughter and other family members. now the fa:and ntsb will investigate what caused the plane to crash. it's a process that could take months. in palo alto, nick smith a. bc 7 news. >> new details after plane nose gear collapsed during landing in new york. federal inv

. >> i'm a little annoyed by karen. you want to turn the tv on open up the financial press, you're going to have people telling you to buy every dip. >> if you had done that for four years you would have done very well to buy the dip. >> karen, are you still buying the dips? >> this isn't a dip, so, no. on that day i was buying a dip. >> if we take a dip, go swimming down, would you be a buyer again? >> it depends what is a dip. a reversal of today's action at any time enough. it would need to be -- we have had quite a run in july. >> toshe was buying out the put, selling out the put protection that she had. the question is today after this move are you buying put protection again? >> not quite yet. the vix isn't where i want it. >> mike khouw, what's your take on this? >> we've got the market going up to record highs. it may not be to the lows that we saw before but it's actually pretty close. i think this is a good time to do it. exactly what karen was doing before. she was buying stocks when they did dip. we are buyi

karen, yesterday you were on the show. we didn't show you in that clip because you didn't want any part of it. >> right. >> today you are in the trade. >> we talked about it in the middle of the day and it was already starting to completely unravel. i said i'm out of the money, july puts, this is not a trade i would put a bunch of money in because could they be zero, absolutely. for sure these could turn out to be zero but i thought when you have this broken momentum trade who knows. goldman came up with three different valuation. who knows at this point? it's really made up -- not that the numbers are made up but the valuation you make it up so who knows where it could go. >> we did call steve grasso for a trade update. >> did it go to voice mail? >> no. we e-mailed us back and said he did add to the trade, the thinking of when the stock goes lower this sharply it usually has a huge bounce back and i think people are wondering maybe this is the chance to get in on that momentum trade that i totally missed out on this year

karen? >> macy's is one of my favorite names. those are three examples across the board, low end, high end. macy's you get a mix of both. that's my favorite name in the space. my one hesitation would be gas prices for walmart. that would be a headwind for them. if the economy is improving it's good for retail. >> aren't gas prices coming down? >> with the oil i don't know. maybe they are. i don't know. >> you guys p want to? >> no street fight here. i'm always up for one. that's why i was checking. >> relax. finally price line.com, the stock catching an upgrade from overweight. >> if you go back to when they reported earnings they talked about international growth. they went up from 760 to 1,000. >> rising rates scaring home buyers and sellers. could they halt thes housing rebound. diana olick joins us with those details. >> reporter: just was home prices were rising and anyone was turning bullish bringing the sellers back, sendly sentiment turned because of rising mortgage rates. in the pas

lisa green, karen desoto. thank you, ladies. we also want to state that mr. zimmer haan has sued nbcuniversal for defamation. >>> the backlash of all the offers being made to edward snowden. mine was earned in djibouti, africa. 2004. vietnam in 1972. [ all ] fort benning, georgia in 1999. [ male announcer ] usaa auto insurance is often handed down from generation to generation. because it offers a superior level of protection and because usaa's commitment to serve military members, veterans, and their families is without equal. begin your legacy, get an auto insurance quote. usaa. we know what it means to serve. >>> new information this morning in the edward snowden saga. russian media now reporting venezuela has given the nsa leaker until tomorrow. it's a diplomatic problem for the white house that now pales in comparison to the crisis in egypt where they've been thrown into upheaval. joining me now, steve thelma, senior white house correspondent and lauren fox from u.s. political report. welcome to both of my friends. steve, i'm going to begin with you. i'm

karen, you have a son. what goes through your mind when you hear alex fraser talking about that. >> well, you know, we often say, i work on a team at npr called code switch which covers race and ethnicity. we've been covering this for like the last year. and one of the things that we say is that in the black community, you often get this talk before you are even able to drive. if you are a black male. you know if you are out in your car, you may be pulled over. you may be asked for i.d. be sure to do two things. and i interviewed police to ask them about this. make sure you tell -- make sure you keep your hands on the steering wheel so people can see that both of your hands are where they are supposed to be. and if they ask for license and registration tell them where it is before you go for it. don't dive for it under your seat or the glove box because those are the things that make reporters like me end up reporting about tragedies that happen because of misconceptions. we wanted them to be as armed as po

karen was injured in the crash-- she is expected to be okay. the f-a-a and the n-t-s-b are investigating the crash. police in san jose are investigating the death of a seven-month-old baby. kron four's will tran is live from the scene where the baby was found early this morning, will? >>james:we're only two weeks away from another possible bart strike. bart management and bart unions the are trying to come to an agreement before the august 4th deadline. no face to face talks for the rest of the week. however, the state mediator did schedule meetings with the unions - not with bart. one of the unions put out a 40-page report - criticizing barts lead negotiatorthomas hock. saying he's been involved in negotiations that have resulted in seven transit strikes since 2005. a bart spokesperson fired back the bart unions say hock is gone for the next 10 days. bart says he's gone for 5 days. but is available by phone. something that was previously agreed upon by the mediator. bart still thinks there's time to reach a new contract. the next face to face

karen desoto, criminal defense attorney. and karen cadet, "huffington post black voices." that account george zimmerman gives in that taped interview differs from other testimony we heard. maybe he jumped -- but it's like you followed him, you followed him. you precipitated this whole thing. if it ends up being the case you precipitated him and trapped him for no reason other than he was a suspect in your mind, then it went down the way you said, and this dude beat the crap out of you because you were following him, then you get to shoot him and what? >> you're making the point because this is the frailty of the -- or i think the inherent injustice of the stand your ground law. who can stand their ground? you jump on me, you ambush me, you have a set of stereotypes in your mind and i cream you. i'm getting the best of you. oh, you're going to beat me? >> the standard here isn't even stand your ground. this is just self-defense. right? >> i mean, obviously this was a tragic accident, but i think that trayvon martin's parents have a great case against the state of florida be

karen desoto, criminal defense attorney. and karen cadet, "huffington post black voices." talking about day six of the george zimmerman trial. that account george zimmerman gives in that taped interview differs from other testimony we heard. what other eyewitnesss heard. maybe he jumped -- but it's like you followed him, you followed him. you precipitated this whole thing. if it ends up being the case you precipitated him and you tracked him for no reason other than he was a suspect in your mind, then it went down the way you said, and this dude boat the crap out of you because you were following him, then you get to shoot him and what? >> you're making the point because this is the frailty of the -- or i think the inherent injustice of the stand your ground law. who can stand their ground? you jump on me, you ambush me, you have a set of stereotypes in your mind and i cream you. i'm getting the best of you. oh, you're going to beat me? >> the standard here isn't even stand your ground. this is just self-defense. right? >> i mean, obviously this was a tragic accident, but

karen, this was a surprise. it was impromptu. do you think the president, having seen even the grieving parents of thust shot teenager going on and trying to articulate their grief and trying to help people understand what had happened, do you think the president just felt compelled he had to say something? >> the sense i get was this was all him. i get the sense there may have been a conversation whereby he told the staff he was doing this, which i give him credit for. i also think to those who would say this president hasn't led, that's leadership what we just saw. >> sure. >> understanding in the moment that will historical significance of that moment and knowing that you have to say something. >> and chuck todd said earlier today, our political editor, that this was not good politics. if the president was only bothered about politics, he won't have done that. >> that's exactly right. as chuck pointed out, you could easily say it would be bad for him and we still have a midterm election and a very polarized country. we've alre

karen finney and "disrupt" next. for knowing the days your money is going out, and when it's coming in. for having danger days, to warn you when you're running a little low. for help seeing your money in a whole new light go to pncvirtualwallet.com and see everything pnc virtual wallet® has to offer. pnc bank. for the achiever in you®. for their family. that's why i created the honest company. i was just a concerned mom, with a crazy dream. a wish that there was a company that i could rely on, that did all of the hard work for me. i'm jessica alba, and the honest company was my dream. [ male announcer ] legalzoom has helped a million businesses successfully get started, including jessica's. launch your dream at legalzoom today. call us. we're here to help. [ herbie ] there's no doubt about it brent, a real gate keeper. here's kevin, the new boyfriend. lamb to the slaughter. that's right brent. mom's baked cookies but he'll be lucky to make it inside. and here's the play. oh dad did not see this coming. [ crowd chee

karen? >> good point. thank you very much for that, eunice yoon joining us live out of beijing. >>> investors welcome facebook results, sending shares almost 20% higher in after hours trade. is the social net worworking gi turning the corner? we'll have analysis coming your way. >>> we have got a negative picture playing out across european markets today. as you look at the boards, you can see we're tracking close to the intraday lows. off 1.25% on the german market in particular. a bunch of data doing nothing to improve sentiment today. the ifo business climate survey was strong. uk gdp for the second quarter positive at 0.6% in the quarter. and spanish unemployment also improving, yet we haven't had any bump up earnings seem to be destroying some of the confidence out there today. there has been a bunch of mornings of what has been playing out in china. >>> a look at what's happening on today's agenda in the united states. weekly jobless claims due out at 8:30 a.m. eastern, forecast to rise by 5,000 to a

karen friedman is the executive vice president at the pension rights center. welcome, good to have you with us. on a scale of 1 to 10, how safe are america's pensions and are municipal pensions any more dangerous or less safe than corporate pensions? >> i'd say it depends. it's hard to give a scale. there are definitely some issues. let me start by saying, we think it's absolutely outrageous, that detroit followed for bankruptcy in order to get rid of their pension obligations. that is a broken promise to workers and retirees. having said that, if you're in a company pension, it's a little different than a government pension. if you're in a company pension and let's say your company goes bankrupt. your pension would be backed by a federal insurance program called the pension benefit guarantee corporation. in most situations, especially for retirees, your benefits will be insured and you don't have to worry too much. you're in a state pension, let me say, there are a few myths around state plans. most state plans are well funded. i just want to say that, there

karen, i'll start out with you. in terms of who the president was speaking to, obviously it was the country, but in terms of -- obviously you've worked in politics. you've worked with the nitty-gritty. how do his words go into action now? how are they taken forward and put into action to make this become a more perfect union? is there a political way to do that? >> i don't know so much of a political way. the president also talked about, i mean, he has some opportunity as a convener. the opportunity to bring people together to try to talk about ideas in a way that is not so politicized, that is not so kind of showy for the cameras. i think that's what they're going to work on, is how can convene groups of people to come up with ideas? i just want to say, you know, those remarks took me back to grant park where white, black, brown, you name it, old, young, you know, we were one country. the president's remarks talking about an american experience in a way that validated, i think for a lot of us, what our experience i