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tv   The Dylan Ratigan Show  MSNBC  February 24, 2011 4:00pm-5:00pm EST

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>> the presidents come and go but the problem remains the same, china sells, we buy, while our cash goes there, all their stuff comes here. the port of oakland, gateway to the pacific for more than a century, ground zero for our trade relationship with china now. if you want to understand this number, look no further. right now, reversing the tides, and once again, getting more than we give. steel on wheels has gone coast to coast. and live from the port of oakland, the show starts right now. and welcome to the port of oakland, our second stop in this february tour of steel on wheels and the perfect site to tackle
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one of our nation's most pressing issues. our trade deficit. good afternoon, to you. i am dylan ratigan and right now we're bleeding money, talent and we're bleeding jobs as a nation. for every 78 cents that we earn, selling americanmade goods we send a dollar out of our country buying goods from overseas.ç the bulk of those goods come from china, and in that specific relationship we only get 1/4, 25 cents for every dollar that americans send to china in trade. the dirty little secret? that american multinational companies are profiting handsomely from the rig trade relationship with that country and use those dollars to lobby. the u.s. government to keep it that way. the flow of goods here in oakland, a good example of this issue. in 2010, the value of goods imported through the port was
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1 1/2 times that of the dollar value of american goods that were exported. so what's the problem with all this? well, simply put, when china makes our stuff, chinese workers get american jobs, and american workers get pay cuts. and joining us now to look at how we address this issue, peter marriesi university of maryland professor. and friend of the show. along with ross, chairman and ceo of wl ross, it's a private equity firm investing in manfacturing and financial services here and around the world and willber, how big of a variable is trade to american unemployment? >> i think it's quite a big variable when you consider a $600 billion net deficit that probably would take 3% or 4 percentage points off of the unemployment if in fact we got trade break-even. >> do you think that's achievable?
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>> well, i think it's achievable if we make some changes. and to my mind, the right changes aren't to try to tear china down. changes are to look at what are the barriers to american companies succeeding? and i think there are a couple of problems relating to exports. every country we compete against, including china, has evaluated tax on manufacturing asç a partial substitute for their income tax. that v.a.t., as you know, gets rebated at the point of export. we don't have that. we have income tax. so we can't give that kind of tax credit back to our manufacturers when they export nor can we impose it on goods that are imported. so if we had a typical 17% v.a.t., that would make foreign goods 17% more expensive in the
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u.s., and our goods 17%. less expensive when they were shipped overseas. and would have the additional benefit of providing around $100 billion of net incomental taxes to help cut the deficit. so that's one -- >> you like the tax idea? >> well, if we were to genuinely substitute a v.a.t. for the corporate income tax not at both would it be a big help. the trick is to do both. not to use to close the budget deficit. having a v.a.t. in the corporate income tax. >> what are the barriers whether it's dealing with current subsidies that china implements, whether it's dealing with the tax issues that wilber just addressed why isn't it that we haven't seen the american political construct to address this issue. >> with regard to the v.a.t. it's so difficult to change the tax code, radical change. maybe do it once in a generation, and that real
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concern that this administration will use a v.a.t. just to raise the level of taxation and make us less competitive than to student for the corporate tax. with the exchange rate, it's a very different issue. china's subsidizing its exporting into the united states, and a lot of american companies have established in chin athe multinationals you speak of, and now that they've got the factories there, they've literally become chinese companies. they're lobbying in washington against their own workers' interest in the united states. >> the other issue that we have -- >> but -- >> wilber is education. before i getç to education, do you have thoughts. >> yeah, i'd like to go back on that. first of all, i think with the republicans having a majority in the house of representatives, it's extremely unlikely that a v.a.t. would be permitted to be add ative to the corporate tax so i don't so that that's an issue and what strikes me about the currency argument is the fact is we have no effective means of making the chinese change their currency.
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so i think we'd be far better -- >> i disayre with that. >> -- dealing with something within our control. >> oh, i disagree with that. we could put in place a tax on the conversion of dollar and t on. and also raise the cost of investing in china by american companies. we could do that if we wanted to. >> is what you're suggesting with the v.a., it wilbur, basically a bypass that creates the equivalent impact of the currency tax that peter's talking about? >> yeah. it not only does that, but china is not the only country with which we have a trade deficit. we have trade deficits with europe. we have trade deficits with japan. a v.a.t. would sweep in all of the trade deficits, not just the chinese. i think it's silly to paint the chinese as the sole problem in our trade balance. >> i want to move on because there are so many components to this, to the american educational divisions and we
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were just up at the science and technology and engineering and math school up in seattle a couple days ago. we're looking at the statistics when it just comes to test score rankings, and china ranks first in science, they rank first in math, the u.s. 23rd. you look overall, america 31st compared to china at first. it gets worse. 70% of engineers with ph.d.s graduating from u.s. universities -- i'll repeat that, 70% of the engineers with ph.d.s graduating from american universities are foreign-born, and as we've discussed before the immigration policies in this country too often force these very same people to then go back and take the cheap goods that are being exported from ports like this, use their engineering skills to add value offshore for us to import them back in. to both of you, i'll start with you, wilbur, how do you address
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the incredible dysfunction in american education and immigration that has us sending you know low-grade almonds and agricultural goods oft the port of oakland, and importing higher value goods from china and elsewhere? >> yeah, i've realized the immigration issue is a lightning rod, but as to the engineering part of it, it's ridiculous that we are deporting highly trained engineers and then importing the products that they create. we should be welcoming these foreign engineers who after all had been educated in our universities and we should be exporting their products. we have it totally backwards and it doesn't need to be confused. >> do you agree with that -- >> with other components of immigration. >> do you agree with that. >> i certainly agree with wilbur on that, we want to encourage engineers to stay. why they don't stay and american children don't go into engineering is the same rewards
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aren't there. in finance you use in engineering. it's the same derivatives but they go into the finance because that's where the money is in the united states. we haven't provided the right incentives by supporting american manufacturing. beyond that even at the grade school, the high school level, foreign schools do better simply because their children in china, for example, are sent to school, told you need to learn to compete. you need to be tough. you need to do the work. in america, what do we tell our kids? we tell them to go in there and worry about social problem. you know we need some leadership in this country that tells children they have to worry about being competent, they're learning something useful. >> i adre with that, peter. it's always a pleasure to have you -- go ahead, wilbur. >> i agree with that part. but the fact is if you ask the peopld0at m.i.t. or stanford or any other major engineering school, you'll find that it's not true that these kids who are foreign nationals don't want to stay here. that simply is not correct. it also is a very alarming
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statistic, our patent applications have been stagnant for several years. and 40% of them now have a foreign national co-inventor. we are really losing the battle for engineering brains and we cannot afford it. >> i could not agree with both of you more in that regard. wilbur, it's an absolute pleasure to have the chance to talk to you. peter, it's always a pleasure to speak to you. and speaking of engineer anxiety academics, still coming up on here on this special edition of the "dylan ratigan show" we're talking jobs, growth, cuts and the role of our government. what do americans really want from uncle sam? and what should they really expect when it comes to the public sector? and then later in the show, a historic event at kennedy space center. live coverage of the shuttle "discovery's" final mission. and speaking of education, a one on one with the president of stanford university on engineering and innovatorinnovo.
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all right we're back at the port of oakland. day two, steel on wheels and turning now to the political battles here at home and there are plenty of them in states like wisconsin, indiana, ohio, fierce debate over shrinking government and limiting the influence of public sector employees, at the same time as we continue to address the influence of private sector corporations, and in washington, a potential shutdown looms, as you surely know by now, in the
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federal government. that could happen as early as next week, they are saying. it's all evidence of one thing -- distrust. but is it justified? here to mix it up, here in oakland, former san francisco mayor willie brown and reuters' editory at large and it's a pleasure to see both of you. mayor brown, the unfairness that exists in this system in america right now is apparent, whether it's private sector influence on policies, whether it's the appearance of the tax subsidies for one person but not for another person, what seems to be lacking is a sense of what people can do about it. >> people can do very little about it. this democracy's organized in such a way that you have to build a consensus, you have to build a majority vote on any road you want to take. politicians are influenced by job survivalability. and they don't do things that are so bold that it might cost them their job and almost anything they try to do to
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balance that relationship would cost them that job. >> but is there not a point where their job is at risk because of their failure to do the very bold things you suggest that you want to avoid? >> seldom, if ever, is the job at risk because you don't do the real bold things. my own governor, governorç jer brown, who just got elected with a handsome majority. he is 72, 73 years of age, clearly he should not be thinking too far in the future, not even he is doing those kinds of very bold things. >> go ahead, please. >> i just want to jump in here, brown and say, i agree with you. we're not seeing a lot of boldness from democrats right now but we're seeing a heck of a lot of boldness from republican republican. real boldness in wisconsin in new jersey. you may not agree with the direction but aren't they filling a vacuum that make democrats have allowed them to fill. >> i must tell you that when you see that kind of boldness is because there's no possibility of succeeding in most cases.
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clearly, christie in new jersey is doing some interesting things that may result in some movement, but not really bold. they'll be bold by prescription from poll people but not institutionally bold. in the state of wisconsin -- in the state of wisconsin, it is quite incredible what this particular governor is attempting to do. only ronald reagan succeeded at doing that with the air traffic controllers many, many years ago. and even he stopped with only the air traffic controllers. >> but isn't governor walker, hasn't he won already? i mean, even if he doesn't get the concession on collective bargaining, he already has gotten extreme concessions on benefits. so he can say, look, i've saved money. >> and that's what he should do. as a matter of fact, if he had the discipline that reagan had, he would have -- he would say right out of the box, when they said okay on pensions and okay on health care at my level, i'm
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ready to stop and start all over. he's going even further, though, by saying, no, that's not enough. i want you to submit yourself every year for reapproval for representation. that's not going to happen. >> isn't there a point, though, particularly when you deal with unemployment, we talk about the impact that rig trade has in taking money out of this country as opposed to creating jobs this, this country. we talk about theç dysfunctionn the american financial system that doesn't invest in the way that it could in job creation in this country. is there not a point politically where people have to start to take bolder action simply because the unemployment problem demands as much. i just don't see how much longer you could -- how long can you let 20% unemployment real employment sustain itself before you do something about trade, before do you something about banking, before you do something about the insurance monopolies in health care, before you do something about the fee-for-service model for medical practice. i just don't see how much longer this can sustain itself.
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maybe i'm naive. >> well i don't suggest that you're naive. you're well informed. not naive, but tell you this though from a practical standpoint, it would take an extraordinary revolution, for example as to say, if you decide to move a job to singapore becauseio can get it for $20 rather than $20 a day, result in a continuation of 20% unemployment to the extent you do, we're going to make sure you don't get any break on terms of taxes and that nature. >> senator levin has a bill right now out of michigan to deal with the currency issue. chuck schumer has built a deal with the currency issue. aren't we seeing some percolation around at least the most harshes aspect of the trade rigging. >> yeah. i do think we are, and i think your point on china, you know, we are seeing actually quite a lot of pressing on that issue. we are seeing the chinese start to talk about something that you didn't talk about in your first
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segment which i think is really crucial is, what america really needs is for china to change its domestic policy, right? you need chin that to reorient from being a purely export-driven economy to stimulating domestic demand and that would be demand also for american products. thing that is scary for me is, i don't see american politicians willing to actually propose things that would be tough for their own constituency and we see that in the budget debate, right? it's all like angels dancing on the head of pins. it's all for the small stuff at the edge. and theç core issue which is health care which the president tried to attack, he got beaten up for it. and no one is saying anything serious about it. >> listen, it's great to see. you really nice to have some time with you, mayor brown. thank you so much. >> nice to see you too. >> thank you as always for joining us. >> my pleasure. much more ahead live at the port of oakland here again, sthal conversation with our friend, the president of stanford, john hennessey. but first legend has it that the cranes here inspired george
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lucas to create the imperial walkers in "empire strikes back." >> i didn't know that. >> yeah you're looking tatright there. right after this. i jump in the driver's seat in one of these imperial walkers as we get behind the scenes as to how they get these containers in peer nto the future. there's a nurse who can access in an instant every patient's past. and because the whole hospital's working together, there's a family who can breathe easy, right now. somewhere in america, we've already answered some of the nation's toughest healthcare questions. and the over 60,000 people of siemens are ready to do it again. siemens. answers.
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all right, welcome back on our steel of wheels, we're all about creating a jobs movement and a real jobs conversation in this country as we educate ourselves and join a real debate. in 25,000 folks are employed through activities right here at the port of oakland. it's the fifth busiest port in america, and i've got a chance to see how it all works and test my fear of heights which is very real, i might add. takeç a look. >> so how many containers come through here in a year? >> well, through the entire port we're looking at 1.3 million containers. that's 2.3 teus, tu being a 20-foot equivalent unit, a
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standard measure in this industry. when you see the small containers that's a 20-footer. larger one's usually 40 feet. >> and we're looking at the a ship over here getting i guess unloaded, is that what's going on behind us. >> yes, that's loading and discharging. a ship that's about 5,000 tu capacity. here in oakland it will move about 750 containers evenly split between exports and imports. >> how much of what's on this dock ends up in the typical american hands? >> anything could be in these containers. anything that you see in a target store nora walmart store it's coming through in these containser. let's face it a lot is coming through from china, asia. our talk import countries are china, japan, and taiwan. here's the top three. >> where is the person driving that crane? >> the crane is -- there's a little cab in fact we'll get you up there in a few minutes. i hope that you like heights. >> i don't but it'll be exciting for the cry to watch. >> a beautiful day for you in the rain. >> yes. >> so how much stuff, if i jd call it stuff, foits a container? >> there's no easy answer to that.
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it really depends on what you're putting in it. if you've got some, say, very heavy, let's say very heavy, very dense. you put them in a 20-foot container, if you got, say, say clothing or something which is very light, it takes up a lot of volume and then you'll put it in the large container. >> should we go over and check out the crane. >> sure. >> all right, let's head on up. bob's our head crane engineer. >> hello, bob. dylan, nice see. >> you pleasure. >> doesn't like heights. i'm staying on ground. >> that makes one of us. >> we're about 130 feet up in the air. should we go inside? >> sure. >> okay this is the machine pass that holds the main hoist. >> okay. >> there is twin 400 nine horsepower motor here and they can hoist a 50-ton load approximately 300 per minute. this is the operator's cab. keep in mind when the crane is not in operation only one person up on the crane and this is % where he sits.
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>> wow, that's quite the cockpit. >> yeah. can i have a seat? >> there you go. >> i'm locked in. >> so what does what here. >> the main controls. >> what do the buttons do. >> the whole crane will go up and down the wharf. >> how we move the whole cab out into the water. >> exactly. >> bring a cup of coffee up here. >> yes you could. >> if you have to go to the bathroom you will have a floor no bathrooms hoop here on the crane. >> go over this one more time and make sure i got it. mustcrane right this way. >> yes. >> on the ground. >> on the ground. >> drop the hoist. licht the hoist. >> correct. >> lock the twist locks when i'm down on the container. >> correct. >> this moves the -- >> thecholly. >> the trolklee all the way out on the water or back on the water. so this drives the trolley and this basically drives the hoist and then it also drives the about crane. sensational. that was pretty incredible, really. >> i'm glad enjoyed it. >> thank you so much. i appreciate it. >> it was my pleasure.
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>> do you mind if i take your elevator out of here? >> sure. >> and i was happy to get down, as much fun as that was, being up in the air is not my favorite spot. but still ahead here on the "d.r. show" combining education and investment to create innovation in jobs. isn't that what capitalism is supposed to be? how stanford university has launched generations of new ideas, new companies and incredible jobs. right next door in silicon valley. ♪
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well, just down the road from us here in oakland, of course, is silicon vaeshlgs and part of that valley, a big part of it is stanford university, world-class education combined with so much venture capital investment right around them. you add that investment and that education, you get innovation and you get job creation. and recently, we had the chance
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to talk to stan ford's president john hennessey. fresh off of his dinner with president obama, we talked about how to spread silicon valley's model of robust education and investment into america. >> the president made a key issue of the importance of investment in education and research and maintaining that investment. as we go through a very difficult budget crisis and lots of pressure on the discretionary domestic budget and i think that's something that the silicon valley community, the ceos, all support. they understand that that engine of innovation, you have to keep it going. ♪ taking care of business ♪ every day >> you could just rattle off some of the businesses and some of the companies that have come out of the stanford campus over the past few decades. >> well, starting back, hewlett-packard of course was one of the first. sun microsystems, yahoo!, google, vm wear, silicon
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graphics, saw a long string of them. >> describe for me the characteristics, the environment, that you think is necessary to have that level of fertility. >> well, it all begins with innovation and a new idea. i think you -- a breakthrough, something that's a transition, whether it's a new algorithm for searching the web in the case of google or a new idea. it's synergistic because what happens is the university is there helping generate talent for the valley. that goes on to successful things. it'sç easy to find venture funding in the valley. from the engineering quad wrangle at fan is ford to the closest venture capitalist is a 15-minute walk or a two-minute war ride so it's right on top of one another and i think that it becomes a synergistic relationship. ♪ money >> it's no coincdhaens most of these companies have been started by young people. that the beginning team is a
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young group who doesn't know that they're not supposed to go change the world. >> what are some of the things that the students, graduate, and undergraduate are working on at stanford right now that you're not excited about? >> well, went on areas that i'm really excited is some new techniques for building batteries, that could really revolutionize batteries. so you'd have battiesfries, you could put in a car and the car would go 500 miles between a charge. that could just revolutionize the whole car industry. we just had a group of faculty discover a way to do wireless transmission. so that you can receive and send at the same time which could double the bandwidth of all of our mobile devices. ♪ >> isn't that capitalism? >> it's certainly capital, it's intellectual capital. human capital, because of course for these young companies to grow and to be successful, they've got to be able to recruit great people. >> if you were to look at this country right now and our collective definition of capitalism, how close or far
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from the mark do you feel that we are? >> well, i think we've got to realize that growth is going to come from new opportunities. from that innovation cycle and keeping it going. we've certainly got some challenges, but it's getting that cycle going and people having the confidence as you can make it work. ♪ everybody is working for the weekend ♪ >> over the longer term if we can keep the innovative cycle, keep investing, in the fundamental research, ensure that we have a highly educate the workforce i think we can keep that entrepreneurial cycle going and create lots of new jobs. >> and that, the educational component now for the investment component of this equation and for innovation in this country. and joining us now is david schwab, managing director at sierraç ventures in the past three decades, sierra has invested $1.4 billion to help entrepreneurs create successful companies, over 180 of them, all told. and it's a pleasure to have you here. >> thank you, dylan. >> dave. what's difference as an investor
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or a decision to go with a kid out of stanford and take the risk and all of the headache and all of the years, or do something else with that money? >> well, the innovation, as john talked about in the tape that you just saw, and i think he said in his interview, young people sometimes don't know any better. and the exciting things that come out of university programs and i think you heard about google and yahoo! and sun microsystems and vm wear, that's 100,000 jobs actually that got created, if you add those numbers up. so young people innovate, and our job is as venture capitalists is to take those risks. it's not all perfect but -- >> but you guys have made the decision, not just you, but you and journ partners $1.4 billion over years. an you could do a lot of things with that money. you don't have to invest in start-ups in stanford. there are lots of investors in this country who do not do this type of work. why the decision to do this? and how do you think -- what could you do either with the tax code or other things to -- to create more incentives for more
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investment that does this sort of thing. >> well the degree that we do it is obviously risk return. we put our money into a small company and if it's very successful, we can return a hundred times our money. there's not many places you're going to go to return a hundred times your money. now, all of those companies, obviously, don't work out that well. but the reason the vc industry is -- because it takes those risks to return a hundred times the capital. >> do you get the sense that the american system of dealing with investment could encourage more investors to take up your style of investing? >> i think it could. i think silicon valley is the poster child about this. you've got a large and vibrant vc community in the bay area, and you've got universities like stanford. but that type of thing could happen across the united states. i think every university in the united states ought to have a program whereby they can have risk capital attached to innovation. that createsç companies and it creates jobs. it's not just a silicon valley
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phenomena, it can happen anywhere. >> is that a university's decision to solicit investment? >> yeah, somewhat it is. a lot of universities are strong academically, and sometimes they view the starting of a company as kind of against the grain of what the university is all about. i think that's a mistake. >> and you're saying, so stan ford has made a cultural decision to invite people like yourself to talk to the students? >> absolutely. it's more than cultural. it's backed up by actual experience. so if you look at the companies i just mentioned, they all happen to be one where were spun out of stanford. dozens of household names. today they are household names. dozen of household names today that got spun out of stanford. >> but obviously, stan ford's reputation hasn't suffered because they encourage -- >> not at all. >> -- investment. how do they get around any potential conflicts and other academic university presidents might be anxious about? >> well, i think it does depend a bit on the particular
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university. stanford has been in silicon valley for such a long time and has all those successes behind it. i think it's much easier for them. and you have a support system in silicon valley between the venture capital community as well as the legal community that provides a support infrastructure that makes it much easier. so it would be true that other communities that want to do this, there is some infrastructure development that needs to happen, but -- >> one of the things that president hennessey talked about, i don't think that it was in that interview, but we discussed when we were with him is the culture that exists of being okay failure, that accepting failure, of accepting things not working out. >> yes. >> how critical is that? how unique do you think that is, and do you think we could -- is there a way to get more of that? >> i think that it's somewhat unique to silicon valley. talking during the break, the number of young people who have a very, very good jobs that are willing to leave those jobs and start a company. that's a normal dinnertime
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conversation that you would walk into any bar and you wouldç se that conversation happening. that is a cultural phenomena in silicon valley, that people are even proud of their failures. if they start a company and it didn't work out, it's not something that they hide from. it's actually something that they would advertise to their friends because they know that they'll do the next one and be more successful. >> it almost sounds like it's -- it's part of the social fabric. >> it is part of the social fabric. that is something that is a little bit hard to duplicate but it can be done at this point. >> and then, finally, when you look at the combination of people like yourself, people like john hennessey and the students at stanford that go towards not only problem-solving whelwhether it's information management arrangement or talking about a lot of work that's being done on energy on batteries now but how central this is to job creation. give us a sense of how what you do and what he does and the combination of those things go to creating jobs in this country. >> well, dylan, i think it is central. you can talk a lot about saving jobs, which we hear a lot about in the press, but what people
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lose is that you can create jobs, and those numbers i just mentioned are staggering numbers. google, sun microsystems, yahoo!, and vm wear, only four and there's many more examples that's 100,000 jobs that exists that wouldn't have existed if those companies hadn't gotten funded by some venture community. >> and i'll ask you to play political observer for a second. when you look at the american political system, do you feel that they understand the sort of things that you're talking about? >> i think they do. i think there are things that could be done. it would not be my area of expertise but i think that are there some things that can done. there are some institutions that can be put in place, and some things that could be done at high levels of government to help. but at the end of the day, i think where the innovation is happening in the university system needs to get coupled with capital and you will get job creation happening in more places than just silicon valley. >> well, it's a real pleasure to meet you. >> nice to meet you. >> dave schwab, sierra.
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up next, creating change from the bottom up. there are so many folks -- i hear from a lot of you, in fact. and we're talking about mobilizing america's youth and america's businesses after the break. also, still to come a little live coverage of a historicç d down at kennedy space center. the final launch of the space shuttle "discovery." teed up for just a few minutes from now. at lendingtree.com, where customers save an average of $293 a month. call lendingtree today. host: could switching to geico really save you 15% or more on car insurance? host: does it take two to tango? ♪ ♪ anncr: geico. 15 minutes could save you 15% or more on car insurance.
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highlighting the power of the people to create real change. something for all of us to think about as i'm sure so many of you have been as we consider the need for change right here in america. and joining us now andrew. mtv's "world of jenks." he's recently not only launched a protest at nyu on the premise of the casualties of debt so, much debt there, but authored a blog on "the huffington post" on the appropriate title "it is on us." and also with us karl emel and rich silverstein. tiuy started one job for america. a movement to get every business in america to simply create one job, and these are three people who are aware of our nation's challenges and are looking to be a force of positive engagement to make these changes happen. i'll begin you guys. simple idea, one job for america. it's been a little over a week since you guys sort of went public with this undertaking. how's it going?
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>> you want me to go first. you know we met you a week ago. it was the day that we -- that i wrote my blog for "the huffington post." we launched our website that day. and i think when i came on this show i was a little bit like a deer in the highlights. but since then, everything has really taken off. we have over a hundred businesses that have pledged to create new jobs on our website already. they're from all over the country. 32 states in the union. and things are just going well. a lot of local attention and we live in san francisco. an article in "the chronicle." some other television coverage, it's just been great. >> yeah. >> go ahead, rich. >> well, i was going to say that i've been advertising a long time. and i've never, ever been part of something so emotionally fast that people have picked up and liked. it's so good-hearted. i don't know what i've been
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doing all of these years but this one's working. >> well, got milk was good. got milk worked. one job for america. >> exactly. well, here the point is, you have to get in a bloodstream, okay? it has to become an emotional connection to the public. got milk took a little while. i mean, this is one week. so see nus a couple of months, will you? >> yep. andrew, your whole premise, it's on us, when you look at the youth of this country tell us how the reaction has been since your inaugural casualties of debt protested at nyu. >> it went fantastic. what we were talking about is student debt and different students from the new york university community really rallied together and held a demonstration in support of trying to figure outç differen ways to ease the burden on young people who are leaving college, looking for jobs and are in an incredible amount of debt. but i think what's also unique -- hopefully unique about our generation in young are
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people is i think there is a certain sense of entrepreneurship within our blood system. i know a young man named keith billary who actually work for nbc, but on the side he has his own agency business called step up management where he goes and recruits players and has been doing that for a couple of years now and has a whole roster of foreign basketball players here in america. and i could name a few examples. you had one on your show, scott lindenbaum broadcaster. that's something that hopefully really exists throughout the count country. >> and what do you think -- what do you see as the next step? whether it's this sort of campaign that andrew is running to just heighten awareness for something like, like student debt and the spirit and the difference in that generation or, again, the broader applicability of what you guys are doing with every business in this country. >> well, i think we have to -- social media is so powerful these days, as we know around the world right now. and i think that our next step
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is to get more people, to talk to more people to talk to more people. it is a viral idea. and i think that the world is in this mode, at least in america, where we really want to solve these problems and take charge of our own lives. >> yeah. andrew, we were talking to michael sherman down in los angeles a couple of days ago. runs "skeptic" magazine. he keeps talking about this type i society, which is where all of the people are simply connected to each other. that we're no longer dependent or driven by major institutions whether it's government institutions or private institutions. almost feels like for people of your generation and younger, that's a second nature. >> oh, yeah, absolutely. i mean i obviously come from the mtv world and that's -- i just got out of meeting where that's one of the buzz words is entrepreneurship and the idea that when lady gaga goes onstage she let's herç audience know first thing that one day you should believe just as much that you can be here with me.
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so i think you know failure isn't something that we look down upon. i think failure is part of the pathway to success and that's something that we're taught at a young age, i believe. >> yeah. all right, listen, andrew, it's always a pleasure. "world of jenks." andrew jenkand carla emil. one job for america, the website once again quickly. >> onejobforamerica.org. >> that was my question, dot org. check it out and if you long america think about creating a job for america. i do want to break away, however, right now, speaking of a very american event, a historic one at the kennedy space center in florida. there you go. it's the shuttle "discovery" about to liftoff for its final mission. a quarter cent reeve service as nasa's workhorse up and down, up and down, and joining us now msnbc's jay barbree, covered every manned u.s. space mission.
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what can you tell us about today's launch? >> reporter: oh, let me tell you this, dylan, it was a beautiful countdown and we got down to the final minutes here. this has been a hairy one. they're just going to get it in, it looks like, at the last second of the window. as they approach the preferred time of 4:five h 50 p.m. the guy who stlits and watches his own radar and make sure that everything is flying okay but if it is not, what happens is that he has to blow up this shuttle if it threatens property and people on the ground. he lost his computers and radar so they've got it fixed. it's counting again. we're going for a 4:53-plus liftoff. we're now one minute and 12 seconds away from the liftoff. it will be the last one for "discovery," but right now, dylan, it's a hairy one, but it looks like they've got a shot of making it. >> really quick, jay, before we joint countdown, what's the
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mission? >> well, theç mission is 11 da, as you said. they're going to the international space station. they're taking up a pallet of parts. extra storage room, if you will, that they will attach to the station, but they're also, dylan, taking up the first robot. now this robot will be doing a lot of learning itself. what they want to do is to be able to use robots on the future on the international space station to do mundane work, if you will. but also to do any hazardous work that might be too dangerous for the astronauts, to take a spacewalk outside, et cetera, to put them in critical position. so this robot will be learning they call him r2 from the space wars and we're now down to the last ten seconds. here we go for the final countdown. you're hearing from launch control. mike in launch control. here we go, five, four -- we have admission of the main engine and here we go, here we
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go, and it's a liftoff. >> booster ignition and the final liftoff of "discovery" a tribute to the dedication, hard work and pride of america's space shuttle team. the shuttle has cleared the tower. >> flying to orbit, "discovery" now making one last reach to the stars. >> it'ses perfect liftoff, dylan. a perfect liftoff. running high right through right now. and into space. it will be a long time about eight minutes, but right now we have two minutes on these enormous booster rockets and everything is right on schedule. now we can see from up there, here's a camera that is sticking to the outside of the external tank. let's listen to josh in mission control.
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>> "discovery"ç houston. . >> steve says, go. everything is fine. >> acknowledging is the "discovery" three main engines to throttle backup. >> in mission control, everything is right on schedule. >> mission specialist mike barrett and steve bowen. discovery's main three engines. about 25 seconds. the engine's combined with the solid rocket booster's produced more than 7 million pounds of thrust. 1:50 into the flight. we're standing by for separation of the twin solid rocket boosters "discovery" now traveling 2,695 miles an hour.
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its altitude 24 miles. >> okay getting ready for a booster separation there. there they go. we see them. you'll see them on your monitor right now. here they are. the boosters separate, fall away. >> booster separation confirmed as "discovery's" guidance is converging. fine-tune the flight. >> 2:25 into the "discovery" traveling 3,189 miles an hour. its altitude 37 miles. kennedy space center 53 miles. >> boy that was a shot that we're just seeing. you can see the twin boosters off to the -- like fingers away from the shuttle. >> okayk 10/4, probably that. we do have updates to the nocom boundaries. our only pane.
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will use our in-plain plus 230. let me know when you are ready. >> copy all two engine tower and ready to copy. >> froze ato, 11.9. press dimicco 15.4. beautiful launch from here, as pretty as you've ever seen, it was number 39 for the shuttle "discovery." its last one. there are two more shuttles in the fleet. " "endeavour" and "atlantis." the shuttles have two more missions. first could be flown as early as april. the second one in june. however, right now, they're still climbing into orbit. everything is on schedule. and as i've said this is the 39th mission for "discovery." this is the 164th flight for america into space. the 133rd flight for space shuttle. we had 31 before with mercury,
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gemini and apollo. 164 flights down and the nbc cape canaveral bureau has been here, dylan, closing in on them. >> jay, it looks like something -- did the shuttle just release another piece of equipment? >> reporter: no, no. what you had a while ago was the boosters that were releasing away. and you can see different things that are falling off now. ice and whatnot, which doesn't matter because they're not in enough atmosphere to do any damage, like what happened on "columbia" when they knocked a hole in the wing. upward where they are now it's almost like by a vacuum. so it's like if you stick your hand out the window of a car here at sea level, you have a great force, no matter if you're only traveling, say, at 30 miles per hour. but if there was no air out there, it would be nothing and so they're in a vacuum now. so anything coming off now is not bothering them.
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everything is right on schedule, moving into orbit. go ahead, dylan. >> there had been -- where do we stand, jay, with gaby giffords' husband in his participation in these last shuttle missions? >> reporter: he's next up at the plate. the next mission "endeavour" and as we said earlier, it's on the books right now, dylan, for april)q 19th. there is a very good likelihood that that mission will be delayed into june. the reason is, the manage mike surfo deani of the international space station would like to delay these flights as late as he can into the fiscal year so he'll have a spacecraft available to him as big as a shuttle to apply the space station as long as possible. because right now we expect nasa to make some sort of announcement within a month or so on commercial projects that could involve several compan

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