tv Presidents Weekly Radio Address CSPAN May 21, 2011 6:15pm-6:30pm EDT
etc. the use of the dollar as an international standard is an extraordinary privilege. using the dollar as a reserve currency allowed the u.s. to run deficits without tears. this is bad for our trading partners and that for other countries and it is that for the united states for it gold would be absolutely neutral. it is a supra national currency. it allows people to receive an honest day's pay for an honest day's work reported host: pontiac, ill., republican, go ahead. ahead. caller: good timing -- i was a
dream of a question about india and china and reserve currency and gold. as i understand it, india has been the primary buyer of gold for several years, at least until this year and now china is buying more gold. how many thousand tons of gold to india and china have -- to india and china have and i understand that china does not want the dollar to be the reserve currency. how close are they to making it so they can switch to a gold standard? guest: the gold standard has not been taken up by the g20. the day before yesterday, the former deputy governor of the reserve bank of india published an important article in the hindu business line. it indicated the world is moving back toward the gold standard.
there are wise thinkers internationally and another one is manuel hines who dollarized the salvadoran economy. as little as a year or two ago, the gold standard was considered kooky. it is rapidly becoming on a marble. -- un ignoreable. we are not sitting here waiting for high inflation. we don't perceive it that way. at least not right away. gold is just very >> tomorrow, a discussion on
the 2012 presidential race. also a look at al-qaeda after osama bin laden with daniel green of the washington institute for near east policy and the latest on the mississippi floods with the lieutenant general rusel honore. that is live at 7:00 eastern on c-span. this past week, president obama gave a commencement address of a high-school in mid this, tenn. that won his race to the top education competition. he talked about how all the schools innovations' increased the graduation rate and college enrollment. he also urged congress to change the new child left behind law. he is followed by senator hutchison who talks about her
proposal to assist leaseholders impacted by last year's drilling moratorium. >> this week, i went to memphis, tenn., where i spoke to the graduating class of booker t. washington high school. this commencement was especially hopeful because of just how much the kids at booker t. washington high school had overcome. this is a school and in the middle of a tough neighborhood. there's a lot of crime. there's a lot of poverty. and just a few years ago, only about half the students graduated from the school. just a handful went to college each year. folks came together to change all that. under the leadership of dynamic principal and devoted teachers, they started an academy for ninth graders, because they found that was when a lot of kids were lost. they made it possible for a lot of students to take vocational courses or advanced placement classes. more importantly, they did not just change the curriculum. they provided a culture that creates hard work and
discipline and they showed it every student can matter. today four out of five students at the school earn a diploma. 70% continue their education, many the first time in their family to go to college. so booker t. washington high school is no longer a story about what has gone wrong in education. it is a story about how we can get it right. need to encourage the story. we need to encourage reforms driven not by washington, but by principals, teachers, and parents. that is how we can make a difference from the top down and the bottom up. that is the guiding principle in the race to the top competition might administration started by years ago. the idea is simple. if states show they are serious about reform, we will show them the money. and in tennessee, they launched an innovative program where new
teachers can be mentored by veteran educators. there are grants that support teachers that offered more specialized glasses and make the changes necessary to improve predictor improve struggling schools. our challenge is to allow all states to benefit. we need to promote results while encouraging communities to figure out what is best for their kids. that is why it is so important for congress to replace it no child left behind this year. reform just cannot wait. if anyone doubts this, they should head to booker t. washington high school. they should meet the children who worked so hard to earn their diplomas. we need to give every child in america that chance.
that is why education reform matters. thank you for listening and have a great weekend. >> hi. i am united states senator kay bailey hutchinson from texas. with energy prices soaring nationwide, american families are struggling to put gas in their cars and trucks. we have seen the price of food and other goods rise. an overwhelming majority of americans say gas prices are causing financial hardship for their families, and more than half say they of had to make major changes to their budgets and to compensate. unfortunately, rather than work to increase domestic energy production and bring down gas prices, the obama administration is seeking to impose more regulation and taxes on oil and gas companies. this is keeping our own resources out of reach and harding at job creation. their proposals will increase
pain at the pump. earlier this week, republicans put a modest bill to increase production on the floor and democrats could not even support that. with gas hovering at around $4 a gallon. republicans have consistently called for greater access to our domestic sources of energy to spur american jobs and to prepare for circumstances we cannot control like natural disasters or unrest in the middle east that creates instability and drives up the cost of a barrel of oil. we have vast resources under our land, and we need to safely explore and develop them to have a stable energy supply for our consumers and our economy. for nearly a year, america's energy producers in the gulf of mexico, our nation's most abundant source of oil and gas
outside of alaska, were sidelined by a drilling moratorium proposed by the administration. exploration slowed to a halt. thousands of american workers found themselves out of the job. the moratorium was officially listed in october. the permit approval process has been burdened by bureaucratic impediments. in energy-rich deep waters and in the gulf, only 15 permits have been approved in the last full year. before the moratorium, an average of eight per mr. reviewed every month. a federal district judge recently judged that the federal government was improperly delaying permit reviews. the federal government should be processing permits with urgency. instead, it is dragging its
feet. in fact, production has decreased by 13% for next year because of permitting delays. the obama administration moratorium will have long effects on energy production. while companies are forced to stop operations, they had to continue paying to lease lands they were prohibited from using. leaseholders sat idle for a year, losing valuable exploration time through no fault of their own. earlier this year, i proposed the lease act, to restore time lost to all leaseholders impacted by the moratorium. it is as simple and fair way we can bring these energy producers the equity they deserve. we can help them put their workers back on the job. the house has already passed
its own version of this bill. i hope the senate will also pass it soon. our country needs a long-term policy that provides energy for our own ample natural resources. we can provide affordable energy for our nation's families. we call on him to put policies in place that cut the bureaucratic red tape and put americans to work doing it. a comprehensive energy policy cannot be given by gas prices or polling numbers. it requires a steady approach that will result in a stable supply of energy. we have an abundance of oil and natural gas. now we need to access it.
tapping our own vast resources will help lower energy costs for americans and at high- paying jobs to our economy and strengthen our security for future generations. >> tonight on the road to the white house, 20 tell the 2012 republican candidate herman cain picks up his campaign. you can watch the former godfather's pizza ceo at 8:00 p.m. eastern here on c-span. it will also be on c-span.org and the c-span video library. >> this week on the communicators, several perspectives on a study of how brain activity changes due to cell phone use. >> joining us is dr. nora
volkov, the director of the national institute on drug abuse and you also conducted a study on cell phones. what was that study? >> the study was to find out if the human brain is sensitive to the signals sent by it sells phones. it they are of very low intensity. we have been provided with very inconclusive results. some show increases. some show no changes. there was a great deal of information. is the brain sensitive to elect dramatic -- electromagnetic radiation? >> so, if that was the question you're looking to answer, what is the answer?
>> we found that after 50 minutes of exposure to a cell phone, the areas of the bring closest to the antenna showed increased consumption of glucose. glucose is the way the brain extracts energy in order to perform its functions. when you are activating an area of the brain, you see an increase of glucose consumption. we were observing what appears to be an increase of activity in the part of the brain closest to the antenna. >> what else would increase brain glucose? thinking, sports, etc.? >> the only function where you will see no cuckoos consumption is a dead brain. this is a physiological response in any way that the brains are required to perform it