. >> rose: do we know judge joel klein is, the former assistant attorney general in the clinton administration, or do we know what role he is playing after being chancellor of schools in new york? >> we don't. we saw him sitting behind the two murdochs, rupert and james, during their appearance before the parliamentary committee on culture, media, and sport, last summer, looking quite inscrutable, and i have to say, impeccably dressed. >> rose: you would know impeccable dressing, wouldn't you? >> i would know it, ages the chinese would say, education by negative example, as you can see. >> rose: republican laws-- >> we know he plays an important role, and a committee, the management and standards committee to root through, as they said, all evidence, mostly in the form of documentar evidence e-mails 300 million of them, at the "news" and "sun," that committee has taken a pretty hard line and has been handing over information to scotland yard which has resulted in some of those 30 arrests that have been made. no charges. i think it's important to say, to be fair to james murdoch, that he's not

howard fineman is editorial director for the huffington post and joel klein is a columnist for "time" magazine. two heavyweights here. let me take advantage of your brains. let's go to a poll. the latest poll in michigan from the detroit news and wdiv. santorum now beats romney. and this is a very respected poll. four points among likely primary voters. first to you, howard. this is something i didn't expect but it's a god send to reporters and anybody who loves this political battle. romney for a long time looked like the front runner. looked like every time you get around the table with smart people they say eventually romney is going to win this thing. you ask who is going to be the republican nominee. no matter who you ask who watches politics. the junkies all say, after all the excitement and the cur fufle and everything else goes wrong, it's going to be romney. is that still true? is it still the thoughtful position? >> that conventional wisdom is teetering on the edge of extinktsion at this point and will go away if he loses michigan. it will no longer be the default asuchtion.

joel klein, the former chancellor of the new york city school system, a top justice department official now a top prominent lawyer in washington, and they have to look at their reputations. they've been close and supportive of rupert murdoch so far, but as -- in light of this, i think a lot of that is going to be called into question. >> nbc's michael isikoff. great to see you this morning. thank you. >> thank you. >>> we're keaching a watchful eye on a developing situation in ohio. five men arrested for allegedly trying to blow up a bridge. >>> and why this plane crashed in the desert. [ female announcer ] letting her home be turned into a training facility? ♪ this olympian's mom has been doing it for years. she's got bounty. in this lab demo, one sheet of new bounty leaves this surface cleaner than two sheets of the leading ordinary brand. bounty has trap and lock technology to soak up big spills and lock them in. let the spills begin. p&g. proud sponsor of the olympic games. ttd# 1-800-345-2550 let's talk about the typical financial consultation ttd# 1-800-345-2550 when companies t

when they decided that joel klein representing the u.s. government in anti-trust when they decided he was one more civil servant, that was the top. government plays for keeps, and never mess with the person who works because they care, i suppose, for the money. >> unlimited check and a lot of lawyers. >> one certain wells fargo lawsuit? >> i thought that was a very -- wells fargo, i think the world of management there has stunk but michael corleone explained to us earlier when he saw that man blow himself up in cuba you cannot go against people who play for free and care, that was still one more great business lesson from the godfather, the greatest business movie of all-time, "godfather ii" the good to great, great to better. "you broke my heart." >> we'll talk more about wells and get more clarity on the quarter, david, coming up on friday. >> yes. >>> meantime after surging 40% this year, home depot getting a downgrade. we'll talk to the analyst making that call. >>> also ahead wall street and main street waiting for apple's mini versio

i don't know joel klein. parents are struggling. i had a friend that was teaching in new orleans 40 years ago. they used to do after-hool programs for parents. they would find that a lot of parents were embarrassed in regard to their own skills and embarrassed in working with their kids, so they would not admit they were struggling. so they did a program for parents who were behind on certain issues. i thought that was wonderful and it made a lot of sense. help educate the parents who might feel frustrated about trying to help their own children. host: adams writes on twitter -- couple other a stories in the news. u.s. jobless claims hit four- year lows -- green jobs accounted for 2.4% of the nation posted total employment in 2010. the labor department reported on thursday. this was from the washington post. ben bernanke says lower rates did not fuel the bubble. the fed chairman said it was several reasons -- looking at the campaign trail, the financial times has a piece that says the tea party patriarch gives romney support. the ra

joel klein, condoleeza rice, thank you very much for joining us live today from washington, d.c. >> thank you. >> thank you. >> steve: all right. coming up next, the outrage is growing at this hour over a neighborhood watch captain who shot and killed an unarmed black teen-ager. why the department of justice is now getting involved. and the food police are back on patrol. only this time they're banning donations for homeless people because some things have too much salt ahh, one. two. three. one. two. and, three. [ male announcer ] with the bankamericard cash rewards credit card, earn more cash back for the things you buy most. 1% cash back everywhere, every time. 2% cash back on groceries. 3% back on gas. automatically. no hoops to jump through. it's as easy as one. -two. -three. [ male announcer ] the bankamericard cash rewards card. apply online or at a bank of america near you. but does bringing a floor back to life really make us heroes? [ chuckles ] yes. yes, it does. ♪ call 1-800-steemer 14 clubs. that's what they tell us a legal golf bag can hold. and while that leaves a little

and joel klein is someone who's given his most recent phase of his multi-career when he discovers the best restaurants in brooklyn, is focused on improving a lot of young people in this country. it's supposed to be the other way around. so i'm going to tell you how condi has been dedicated to this issue. a year and a half ago i called her up and said convy, i want you to do some thing for me and with me. she said richard coming to b.c. don't even start. i said okay. i said before the end of this conversation come you're going to agree with going to ask you. and she said no way. i said with the council on foreign relations and all of our time working on things like china and mexico and all the traditional foreign-policy issues. we believe the agenda and all things domestic. but we want to do is report on education. we don't wonder. whatever else is done. what is the relationship between the challenges in k-12 education and national security of the united states. and it didn't turn out to be terribly hard stop. she knew i had her at that point. it didn't take a follow-up phone call. she

joel klein is someone who has dedicated the most recent date of his multifaceted career to this. when he is in discovering the best restaurants in brooklyn, he is focused on improving the lot of young people in this country. mostly the other way around. some going to tell you about the time he has dedicated to this issue. about a year and a half ago, i called a condoleezza rice and i said i wanted to do something with me. and i said richard, don't even go there, and i said okay. and so i said before the end of this conversation, you are going to agree to what i'm going ask to ask you. and she said, no way. i said right. we spent a lot of time on all the traditional foreign-policy issues. we are focused on being domestic and what we want to do is report on education. we don't want a piece on everyone else has done. what we want to do is look at education through the filter of national security, and basically asked the question, what is the relationship between the challenges about k-12 education and national security of the united states. in turn turn didn't turn out to be a terri

tonight catch joel klein, executive vice president of news corporation to talk to lou about the latest on the chicago teachers strike. have they finally reached a deal and what will it cost taxpayers. melissa: it is almost quarter to. lori: are we late? melissa: we try to do it every 15 minutes. nicole petallides on the floor of the new york stock exchange. you're looking at major movers. >> we're looking at energizer. let's start off with energizer when you look at it you think about batteries for the most part. they are completing a review. this should ultimately work well. up 12% today. working on cost structure and operating model which will bring them cost savings of $200 million. so that will improve their profitability and drive the long-term growth. they're noting they reaffirmed earnings outlook for the fiscal year. you see energizer here doing so well. they have the shaving products as well. so energizer has batteries and shaving products. of course they have to compete directly with proctor & gamble. look at advanced micro devices. advanced micro is one to watch as we see ad

joining us is joel klein and writes in the newest issue of "time" magazine and says romney's candaidacy has suffere, quote, long-term damage. joe, thanks very much for coming in. i'll read a line from your column which is excellent as usual, there is a deeper problem for romney. he sees a figure from the great depression, a combination of daddy war bucks and old man potter. he celebrates destruction at a time when destruction has been too creative. he talks a lot about firing people and he can't help himself. explain the basic premise of what you're writing. >> well, i think that that's a romney-related part of it, but there's a broader problem here which is that the republican base really dragged these candidates well to the right of the american people and romney suffered some real damage with latinos, with women, with people in the midwestern states like ohio and michigan because of the stance that he had to take during the course of the campaign and his problem is reinforced by the fact that he often seems clueless talking about the create of destruction and about the joys of firing

the chairs of the report, former new york city school chancellor joel klein and condoleezza rice, former secretary of state under president george w. bush both sayedcation failures pose threats to our national security, these include economic growth and competitive, safety and intellectual property. our students are not being prepared for the global workforce. the report highlights a stunning defense department statistic. 75% of american youth don't qualify for our armed forces because of a lack of a high school diploma, obesity or a criminal record. three-fourths of our kids don't qualify to get in our own military, and among those who do, 30% can't pass the military aptitude test. if we don't educate our young people so they can compete, we're doomed. the task force recommends something called the national security readiness audit is one way to hold kids accountable. not everyone agrees in this report, but it is no secret that the quality of our public education has been in decline for quite some time now. here's the question, is the decline of american schools putting national securit

joel klein was with me, and he came over because he was to do a conference with mr. gove on education. that was -- he was invited when he was -- long before joining me, when he was a chancellor of the new york city school system. and there might have been another one. i mean i like to get a few people around me have different interests and different -- different fields not just politicians. but on education, i want to say very clearly if i can take this opportunity, i -- we are passionate about it. we believe that it's an absolute disgrace, the standard of public education here and in america. in america, nearly 30% of children do not get through high school. the dropout three years early and are committed to the underclass forever. and there are being efforts in different states to try and tackle this, but it's very difficult. not for lack of money, but for lack of teacher cooperation, and we believe that there are a lot of issues here, the sort of society at the way it's going and our civilization is going, but from being in the first, i think, two or three or four

we saw joel klein, also formerly leading the management and standards committee at news corp., doing the inquiry into phone-hacking. disney's bob iger, also a grizzled vet here at sun valley, warren buffett, who we'll hear more from later this week, as well as jack, the ceo of time warner. we'll have a lot more on deals, on how thesing moeg yuls are viewing the macroeconomy and what they see as the most innovative sectors, when our coverage continues throughout the week. back to you. >> all right, kayla. i've sat in the same spot you're in right now many years ago. you look better than i did. >> reporter: it's not too bad, it st? >> no, it's not. >> reporter: i think some would disagree. >> well, you're very kind. this conference was known years ago, and of course, you cover m&a, for being a place where you might see some deals born, most notab notably, disney's cap cities acquisition many, many years ago. any talk at all about that anymore, given, of course, what is an extraordinarily lackluster m&a environment, particularly for media deals? >> reporter: no, we have talked to a lot

joel klein wrote an article about the perils of defined benefits, but, of course, he has a defined benefit. he had his hand out readily after several years. he was an inexperienced chancellor -- host: caller, before you go any further, could you relate this to the topic at hand? caller: yes, i feel that the government workers are getting a raw deal, that they are being used as scapegoats. guest: i think that you make a tremendously important point. the war against the last remaining defined benefit plans started to be waged right when we have the financial crisis caused by speculation on wall street. suddenly, they took a look at public pension plans and found them underfunded and said, "oh, my god, this is a horrendous crisis. look at these plans. they are unavoidable. you look at them when they were at their weakest point because the investments have declined so dramatically because of the decline on wall street. it was not that the benefits were too generous. they suddenly started to look weak because of the fiscal crisis. so the facts were twisted in such a way as to make it seem like

klein. that will be online at c-span.org. we do have more live coverage coming up today on the c-span networks. at 10 a.m. on c-span former senators trent lott and byron dorgan will lead a discussion on u.s. energy policy. at the national press club. the leaders are currently co-chairs of the bipartisan policy center's energy project. topics will include development and domestic gas and oil production, energy security threats and environmental challenges. that would be like at 10 a.m. eastern again on our companion network c-span. at 11:30 a.m. majority whip dick durbin will talk about the so-called fiscal cliff and deficit reduction at the center for american progress. fiscal cliff, a combination of those expiring tax provisions and budget cuts that could take place the beginning of the new you. they include the bush-era tax cuts and sequestration. live coverage starts at 1130 eastern also on c-span. we are likely to about the fiscal cliff during the senate session today getting underway at

. >> when the justice department comes in, it's read by joel klein and decideses to make it so microsoft is not that powerful, the justice department at that time, maybe not now, was very smart, understood what had to happen. steve ballmer did not necessarily cooperate to say the least with the government. that's what happens when you were that big. i think apple, almost as if the big institution says this is a very inexpensive stock, it has mobile, has social, has clown. it's an opportunity and become a stock people say until this has a higher multiple than proctor & gamble or colgate, i will keep buying. >> the multiple is roughly 15. >> these are companies that may not have -- i'm read iing isaacson's book. candidly i skimmed it. i'm going back. why? i have to know more about why this company -- it was not doing as well when the book first came out. now, i'm going over every page to realize this guy set up a multi-year course. i know he was trying to work on cars that could drive on water when he died, had he not died, i think we would be filling up with fujii, not pac. >> people talk