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MSNBC
Aug 4, 2011 1:21pm PDT
dysfunctional nation nor the only one looking for prosperity. china has many of its own problems, and as we all know, it is a popular political punching bag for our own problems. sometimes justifiably, perhaps. but even so, is indicting china really how we're going to solve our problems? next. the angth author of a new book. what americans do not understand about china and that we need to do move forward. ben and his family live on this block. ben's a re/max agent, and he's a big part of this community. re/max agents know their markets, and they care enough to get to know you, too. nobody sells more real estate than re/max. visit remax.com today. you know, when i got him on e-trade he was all like "oh no, i cannot do investing." that's actually a perfect enzo. but after a couple educational videos, and a little hand holding from customer support... next thing you know he's got a stunning portfolio. now he's planning to retire in tuscany. we're both pretty emotional about it. shhhh, don't say a word. you're welcome. [ male announcer ] e-trade. investing unleashed. constipated? phillips' caplets
MSNBC
Jan 20, 2012 1:00pm PST
, infrastructure, america's relationship with china. but we are not naive. we know it requires investment in america infrastructure. so let's get it on for this friday, january 20th, 2012. >>> good afternoon to you. nice to see you again. i am dylan ratigan. thank you for joining us for day three of our 30 million jobs tour that will be rolling throughout the winter. more on that in a few moments. first, let's deal with the news of the day. we can't get enough of what happened and what didn't happen last night in south carolina. >> no. but i will. [ applause ] >> more on the political follies including president obama doing reverend al green with our mega panel later. but we are live now here in california's treasure island, smack in the middle of the san francisco bay. behind us, you can see the bay bridge. that bridge links oakland to san francisco, and it is getting a $7.2 billion taxpayer upgrade. it's the biggest public works project in the history of california. and it should be a great opportunity to celebrate and create thousands of u.s. jobs. but guess what? this bridge is being mad
MSNBC
Jan 18, 2011 4:00pm EST
comes to the war on terror. is he right? show starts right now. >>> good afternoon to you. china's president arriving in the united states as we talk this afternoon. hu jintao being met with a mixed reception. the communist leader touching down a couple of moments ago at andrews air force base. vice president joe biden waiting to greet him. he'll have dinner tonight with the president followed by a more extravagant dinner tomorrow night. what remains to be seen is whether the u.s. will continue to play nice, accommodating some special interests here, or whether we will continue front china over its rigged currency, lack of reciprocity and fundamentally unfair trade practices. put america's i wants and priorities aside for just a moment. i want you to close your eyes and consider what it's like to be in the chinese government. where they had to confront some huge problems within their own borders. their own priorities. for instance, they got a huge population problem. 1.3 billion people, nearly doubling in size over the past 50 years. of those billion plus people, almost half of the
MSNBC
May 17, 2012 4:00pm EDT
southern california, so we are but one ocean away from a china. rather large ocean. of course, 3 million american jobs have been lost to that nation during the past decade, 2 million of them in manufacturing alone. and all those items that we import from china and buy into our country support as many as 20 million jobs in china. good for chinese government political security unless they have a big unemployment problem, my goodness. better that we have that. but it seems china's tide may be turning. new research shows american companies are making big plans to bring manufacturing jobs back home. the new term reshoring. and according to the hackett group which follows these trends, they're saying u.s. companies are looking to reshoring 20% of their manufacturing during the next 40 years. but the repatriation of jobs and the money that comes with it are not happening because of u.s. policies, in fact, it's happening despite them. it's happening because of chinese policies. you can't lobby their government like you can ours. china looking at rising land prices, growing transportation
MSNBC
May 4, 2012 4:00pm EDT
china a currency manipulator, engaging in real reform and health and energy reform so that we have the reversal of this extraction? >> well, it's much larger than more deficit spending can handle. since the unemployment rate peaked at 10% in october 2009, it's come down to 8.1%. 80% of that reduction has been from fewer americans looking for work. the adult participation rate going down month after month after month. as relentlessly people become discouraged in this economy. we can turn this around and it does require congressional and presidential action. for example, let's start drilling for oil. we can increase oil production in the united states by $4 milli 4 million barrels a day. it won't be done in places like nigeria. and we need to do more than label china a currency manipulator. we need to take absolute firm action that generates results. >> yep. so here's what's frustrated me which you two will appreciate over three years of doing this every day through various iterations and climates. my newest opinion, if you will, jared, is this. that the way that we talk about solving ou
MSNBC
Feb 14, 2012 1:00pm PST
president obama and china's election leader. what you need to know about it. >>> this year it's pretty pricey for love. it could cost you more not to do anything at all. we'll explain. [ male announcer ] juice drink too watery? ♪ feel the power my young friend. mmm! [ male announcer ] for excellent fruit and veggie nutrition... v8 v-fusion, also refreshing plus tea. could've had a v8. whose non-stop day starts with back pain... and a choice. take advil now and maybe up to four in a day. or choose aleve and two pills for a day free of pain. way to go, coach. ♪ we could eat whatever we wanted and still lose weight. weight watchers online was so easy. you look up a food, you eat the food, you track the food. weight -- comes right off. you have lipstick on your teeth. ok. got it. using the recipe builder, i'm making 2 point enchiladas that will blow your mind. together, we lost 71 pounds with weight watchers online. quit dancing. i didn't do it... [ female announcer ] join for free today. weight watchers online. finally, losing weight clicks. [ sighs ] i can't wait till morning. wait!
MSNBC
Oct 19, 2011 1:00pm PDT
banks are the ones who lent them the money in the first place. china lends us money. >> where do you think the germans and french got their money, too? >> from the chinese. >> from american banks and american savers. i mean, it is a global problem, and we're all linked to this, but -- >> how do you talk about it in a way that it makes it -- right now it's it's the greek unions or -- >> you localize it. you say, guys, this is what happens to you if we continually fail with policy in our own country. if we continue to have debates like we had, the republican debate. >> the debt ceiling debate. >> we paper over real issues, we are going to have problems like this in greece. this is a debt problem. there's too much debt. they don't have the capacity to pay it off. homeowners in america are facing similar problems and if we continue to fail from a policy perspective we'll see the same civil unrest. >> speaking of localizing, and imogen you just said, that the united states is very exposed. can you talk about or can either of you talk about why what's happening there, how would that impact
MSNBC
Nov 19, 2010 4:00pm EST
say unprecedented direct attack on china and it's unfair policies that are destroying american jobs. all that plus the vast right wing conspiracy to keep bristol palin on "dancing with the stars." show starts right now. >>> the afghan end game continues to change. today, president obama in portugal selling his new afghan war plan to european allies. >> forward to working with our nato partners as we move towards a new phase. a transition that begins in 2011 with afghan forces taking the lead for security across afghanistan by 2014. >> the four-year phased drawdown aimed to end combat operations. how you doing. nice to see you. how are you? plans to end combat operations by 2014. that of course based on conditions on the ground. any way. but with all the talk of getting out, the fight actually ramping up. for the first time in the nine-year war, the u.s. now sending armored tanks into battle with the taliban. they are powered by jet engines, armed with guns, capable of destroying a house. meantime from the sky, warplanes dropping a record number of bombs last month. special forces in
MSNBC
May 14, 2012 1:00pm PDT
more public stimulus given the conditions america faces, europe, the slowdown in china, oil prices, all the things you're well aware of, but the assumption that the machine will just work if only we filled the gas tank is wrong. it's not working properly. and it's not going to work properly unless some pretty major engineering is carried out. what worries me about this election is that we're not seeing yet a debate conducted on that level. as i said earlier, the premise to the starting point for the debate in this election is wrong. america is in decline. >> sam, go ahead. >> yeah, i was wondering, can you define success for us? if we're in decline, what was the essence of our success? in other words, would we be successful if we can bring down the debt or raise corporate profits? what are we in decline from? >> many things, but i think the striking situation of america in the 20th century is about the middle class. it needs to grow year by year and take on the nation's economy. right now that's gone into reverse, and that reverse is accelerating. i think it's not just a measure of
MSNBC
Dec 14, 2011 1:00pm PST
-off as the latest jab in what our specialist author peter navarro calls death by china. juice drink too watery? ♪ feel the power my young friend. mmm! [ male announcer ] for unsurpassed fruit and veggie nutrition... v8 v-fusion. could've had a v8. try bayer advanced aspirin. it's not the bayer aspirin you know. it's different. first, it's been re-engineered with micro-particles. second, it enters the bloodstream fast, and rushes relief to the site of your tough pain. the best part? it's proven to relieve pain twice as fast as before. bayer advanced aspirin. test how fast it works for you. love it, or get your money back. tdd# 1-800-345-2550 there are atm fees. tdd# 1-800-345-2550 account service fees. tdd# 1-800-345-2550 and the most dreaded fees of all, hidden fees. tdd# 1-800-345-2550 at charles schwab, you won't pay fees on top of fees. tdd# 1-800-345-2550 no monthly account service fees. tdd# 1-800-345-2550 no hidden fees. tdd# 1-800-345-2550 and we rebate every atm fee. tdd# 1-800-345-2550 so talk to chuck tdd# 1-800-345-2550 because when it comes to talking, there is no fee.
MSNBC
Jan 13, 2011 4:00pm EST
minds and the threat that is posed by china's trade practices and our future prosperity. here with mr. moshs right after this. nobody in my family ever had a heart attack. if anything, i thought i'd get hit by a bus, but not a heart. all of a sudden, it's like an earthquake going off in your body. my doctor put me on an aspirin regimen to help protect my life. [ male announcer ] aspirin is not appropriate for everyone. so be sure to talk to your doctor before you begin an aspirin regimen. to my friends, i say, you know, check with your doctor, 'cause it can happen to anybody. [ male announcer ] be ready if a heart attack strikes. donate $5 to womenheart at iamproheart.com, and we'll send you this bayer aspirin pill tote. [ indistinct shouting ] ♪ another day ♪ another dollar ♪ daylight comes [ dogs barking ] ♪ i'm on my way ♪ another day ♪ another dollar ♪ working my whole life away ♪ another day ♪ another dollar >>> we're a couple of weeks away from our steel on wheels tour and just days into 2011, already plenty to talk about when it comes to the economy. a story o
MSNBC
Dec 28, 2011 4:00pm EST
from the european debt crisis, china's bubble perhaps bursting, and other 2012 alarms. all part of a broader picture of continued tough times in america piling stress on the middle class. take a look at this. this chart might look like a bunch of spaghetti lines, but our friends over at calculated risk blog show how deep and long this employment slump is versus past downturns. others have been deep but short lived or shallow and long, but this is the first time in the modern era job growth has been hit so hard for so long. that's a bad piece of spaghetti. we're not helplessç in the fac of this. things we can and must do to reverse the 2012 outlook. that's why dylan is heading out on a 30 million jobs tour next month. but to get us all clear and how to think about the stakes, we've got a man who spent much of his career advising presidents on just these questions, so think of this as your personal presidential briefing on the 2012 economy. princeton economics professor allen binder was a former vice chairman of the fed and an economic advise err during the clinton years. thanks very
MSNBC
Dec 30, 2011 4:00pm EST
"low," we're not just talking about congress' approval rating. >>> then, china's space program is taking off, just as america's is in retreat. we'll talk about beijing's moon shot and its challenge to the u.s. with the mega panel. >>> and speaking of the moon, as we head to break, a little fun on this friday. take a listen to these classic renditions of "moon river" and tweet us which artist does it best. ♪ i'm crossing you in style some day ♪ ♪ moon river, wider than the mind ♪ ♪ i'm crossing you in style some day ♪ ♪ he was a 21st century global nomad ♪ ♪ home was an airport lounge and an ipad ♪ ♪ made sure his credit score did not go bad ♪ ♪ with a free-credit-score-dot-com ♪ ♪ app that he had ♪ downloaded it in the himalayas ♪ ♪ while meditating like a true playa ♪ ♪ now when he's surfing down in chile'a ♪ ♪ he can see when his score is in danger ♪ ♪ if you're a mobile type on the go ♪ ♪ i suggest you take a tip from my bro ♪ ♪ and download the app that lets you know ♪ ♪ at free-credit-score-dot-com now let's go. ♪
MSNBC
Aug 20, 2010 4:00pm EDT
. businesses need customers and capital. that's the trade deficit with china. the president promised to do something about it on the campaign trail. that's all the regional banks that don't have enough capital because the president did exactly what wall street wants. most of the president's banking aid went into restoring the big bonuses on wall street. this is wall street's president. to heck with main street. that's the problem. >> is it appropriate to talk about spending money when money is being extracted at such an incredible rate because of the trade deficit with china? because of the indulgence of financial speculation and subsidies for financial speculation here in new york? are we pouring money into a bucket with a hole in it? do we need both? >> peter is right about the currency. we should push the value of the dollar down. we haven't done that. that doesn't change the fact we need more stimulus. i'm not going to defend the bailouts of the wall street banks. >> i'm not going to. these guys should be bankrupt. they put themselves there. we shouldn't have bailed them out. tha
MSNBC
Dec 5, 2011 1:00pm PST
the millions lost since the 1980s and the big reason, really, is china, of the nearly 3 million u.s. jobs that we've seen in china, during the past decade, more than two-thirds of those jobs or nearly 2 million were manufacturing jobs. that a direct result of american and chinese government policies, specifically tax and currency policy. even more disturbing, our tax dollars, yours and mine, are being used to buy cheap goods from china to hire chinese workers in the industry. here's a prime example. the $6 billion project in california to rebuild part of the san francisco oakland bay bridge, which is california's largest public works project ever, thanks to washington loopholes that help to create 3,000 jobs in china, buying chinese steel for really an american icon, jobs that surely could have been and by my view, should have been created here at home. i'm not only one who thinks that way. congressman rick rahal's new bill would close those loopholes and make sure that bridges and other infrastructure projects financed by my tax dollars and yours are stamped made in america, not ma
MSNBC
Dec 15, 2010 4:00pm EST
word, china. >> wasn't the whole premise -- isn't the whole premise of free trade what you described, i will buy things from somebody from somewhere else, they will buy things from me and the world becomes more and more prosperous, wasn't that what we were told when free trade was implemented years ago? >> china should make what it makes well and we should make what we make well, all our high-tech products made there caterpillar taking american factories, moving them over there, making the tractors there, china rigs trade. barack obama talked about this when campaigning in indiana and he talks about it to the chinese there are things that he can do and he has said so much but he never takes any action. why? mr. black, those big banks in new york have that strangle hold on washington, goldman sachs, jp morgan, the modern day mr. potters are keeping our president from doing the right thing. >> well, the big banks have become bigger by failing. right? we now reward disaster. china is rewarding success. >> china subsidizes profitable company, we rewart companies that fail. >> bill what w
MSNBC
Feb 23, 2011 4:00pm EST
jobs abroad. >> thankfully someone still believes in the american dream. china. >> 50,000 jobs shed each month. other countries stealing our work, our technology, and our business know-how, all the while profiting in collaboration with their american allies selling us the very products we once made here. right now, manufacturing a jobs movement, and showing new sectors of the industry that aren't just surviving, they're thriving. "steel on wheels" it's all aboard to seattle. and the show starts right now. well, good afternoon to you live from the kickoff of our third steel on wheels tour. welcome to the future of flight aviation center right outside of seattle and adjacent to the dreamliner campus for boeing. the 787 being assembled just outside these doors. nice to see you. i am dylan ratigan. this area home to boeing, one of the several great manufacturingers based here in the great northwest, and we'll take you inside the nucor steel, and efficiency and innovation the name of the game for more than 100 years, an industrial neighbor that is incredibly efficient and as a result wel
MSNBC
Sep 8, 2010 4:00pm EDT
direct investment. brazil, china and india now occupy that location. if you were -- if you could -- if you did have a magic wand, in your view, what would you do or what would you drive policy towards to try to -- to bring america back up as a magnet for money and jobs on the world or in the world, excuse me? >> well, you know, there are short run and long run things, and i think the president has identified this issue of making the united states a place where people want to invest as a key component to job creation going forward. i think the things that you would want to do would be giving tax incentives, trying to get the short run economy booming again because in the long -- over the long history of the country we have seen, when the american economy is strong, we are a place that people want to invest, regardless in some sense of what other factors there are, but the longer run policies i think has to be the education system and getting our workers the training that they need so that they are competitive against others and they can build decent long-standing careers, so, you
MSNBC
Sep 22, 2010 4:00pm EDT
what we had. and i think we have to stay the course. >> two things occur to me there one with, china has its currency pegged relative to our currency, as you know there is a strong case or many make the case, i'm one of them that letting that currency float would have a meaningful alteration in the flow of capital in this country, a lot of u.s. multinationals long china that wouldn't like that but do you view the currency as a relevant aspect of job creation in this country? i will leave it at that? >> i view the currency as a relevant aspect and i don't like the fact they manage their currency any better than you do. what you have to understand, the problem with china is not their currency -- >> i understand that. >> their policies that is up to them. they can change them or not as they see fit. >> are you surprised though that the united states has tolerated so much from china in the which of relative abuse and trade policy, not just on currency but otherwise, not just on this administration but a number of administrations? >> well, if i owed you $10 million, i think i would tolera
MSNBC
Nov 1, 2010 4:00pm EDT
class that refuses to engage whether it is china, the banks or any of the extracting forces that are taking money out of our country and depriving us work. when you look at the options, the short-term options and demand for those short-term options, what qualifies? what constitutes, what are thresholds for unaffordable mortgage that would allow someone like bernice and ivory to get a payment reduction and interest rate reduction and get a principle reduction? >> you're absolutely right. it's across the board and all of the stories are different but at the end of the day they're all the same. they all deserve a better mortgage and a mortgage that they can afford now. they didn't ask to be out of a job. right now we really have to look at the investors at the end of the day. they're the ones who make the decision. a lot of them are private investors who we have contracts with who didn't take the bailout money who are not really willing to do anything for them. but a lot of our members, most of them i should say, got into a loan that they were never able to afford and all of them or mos
MSNBC
Sep 29, 2011 1:00pm PDT
with you. >>> china illegally subsidizes their industries, they underpay their workers, they skirt environmental regulations, and ignore the tenants of global trade rule after trade rule after trade rule. they get away with economic murder. >> new york senator chuck schumer saying the sort of thing i might say. some rather harsh words about the chinese extraction from our economy, and well placed, in my view. he's proposing a bill along with a bipartisan group of democrats and republicans to impose tariffs on chinese imports in an effort to compensate from the advantage they get by rigging their currency 50% beneath our own, going back to 1994. this is a political home run for both parties, and you'd think the president would be into it too, right? >> you're not sure whether you're going to support this? >> we're reviewing the bill. >> do you have any idea when you might have a conclusion to that review? >> not that i could offer today. >> a tepid response, to say the least, from a white house whose treasury department led by tim geithner has refused to engage china in the trade me
MSNBC
Jul 13, 2010 4:00pm EDT
compete with that? >> let's be honest. the biggest trade sheet in the history of mankind is china. it's taken millions of american jobs and not going to give them back until we have fair trade, not just free trade. >> i would argue they've exported employment to our country using currency, manipulation and slavery. is that too aggressive? >> about 10% cost differential is labor. the other 90% is currency, environmental practices that are abysmal. >> but it's good for the profitability of parent companies. and aur government is unwilling to call china for what they're doing. >> despite promising us during the campaign they would call them out on the issues immediately. >> laura, if there's one thing the president could do today to make nit your opinion easier to cross-appeal a job for somebody tomorrow, what would it be? >> i want to make just one comment. small businesses are really the boutiques. what we do is, even though we're considered small, we did whitehouse.gov. we're a small 28-person company. the magnitude of what we do and the people that we touch with what we do shows
MSNBC
Nov 15, 2011 4:00pm EST
being called china's area 51. maybe the truth is out there. mine was earned over the south pacific in 1943. vietnam, 1967. i got mine in iraq, 2003. u.s.a.a. auto insurance is often handed down from generation to generation, because it offers a superior level of protection and because u.s.a.a.'s commitment to serve the military, veterans, and their families is without equal. begin your legacy. get an auto insurance quote. u.s.a.a. we know what it means to serve. but my nose is still runny. [ male announcer ] truth is, dayquil doesn't treat that. really? [ male announcer ] alka-seltzer plus fights your worst cold symptoms, plus it relieves your runny nose. [ deep breath] awesome. [ male announcer ] yes, it is. that's the cold truth! >>> all right. the countdown clock has begun, and i'm not referring to the thanksgiving turkey. i'm referring to another turkey of sorts, the debt supercommittee. why call some of the most respected lawmakers in washington a turkey, you ask? well, because even if the group does manage to muster up a deal or cut more than $1 trillion in debt, the cuts will d
MSNBC
Nov 9, 2011 4:00pm EST
country -- one country you haven't mentioned is key to that, which is china. because china has considerable influence in pakistan and some influence in iran and certainly in some of the other countries, as well. one of the things, for example, that the u.s. has been trying to do is convince pakistan to accept some chinese technology that would increase the safety. if the u.s. seeks additional sanctions from the u.n., which they may well do, france is calling for them in the wake of this iaea report. it's hard to figure out what else they'll sanction at this point because iran's pretty much sanctioned to the point where their economy has stalled and we know quite a bit about that. but china is -- is the key. but one thing to remember and colonel shaffer said this well, all of these countries are going to hackett in their own self-interest first, that includes india which is going to play the u.s. against china and essentially get as much economic assistance as it wants. so we don't actually have considerable leverage in the region. and that is one argument despite the fact this
MSNBC
May 9, 2011 4:00pm EDT
east to buy that expensive oil. we need to do something about trade with china. that's the other half of the big trade deficit. that's another big tax on the u.s. economy and jobs creation. you know if we have a tax on the conversion to offset the effects of china's currency subsidy, subsidizing all those jobs at the walmart, as many jobs as for drilling more oil. if we did those two things, there are other problems such as higher health care costs to the united states and which would not at all aided by president obama's reforms, but -- drilling for oil, doing something about the trade deficit with china, those are the two items we can do something about right now that within our control and we don't do it. >> peter, who out there on the -- national scene is talking about being tougher with china the way you are talking about. that sounds like we have heard donald trump's agenda to be. slap some tax on these folks. do you hear other politicians talking that way should they? >> they are not talking that way and they should. members of the senate like chuck schumer have periodical
MSNBC
Sep 7, 2011 1:00pm PDT
china. that would be some jobs. a deal with panama? really? democratic congresswoman linda sanchez serves on the president's export council and the ways and means committee trade subcommittee. even better, she agrees with those of us who see these particular deals as bad deals. it's a pleasure to see you again. >> thank you for having me. >> trade deals on principle can create tremendous flow of investment in jobs to any country. fair? >> potentially, yes. >> at the same time, we continue to seem to entertain trade deals that explicitly don't do that and have other specific benefits for wealthy interests whether it's tax havens, cheap labor, or whatever it is. and i think that confuses people because the rhetoric around trade can be very appealing and the benefits of trade are very concrete and, yet, when people do it, they push for it, say okay. let's do this. they get punched in the face and worse. they lose their job and we watch our country spiral into poverty. >> correct. you've hit the nail on the head. i couldn't have said it better myself. >> so how do we -- how is this hap
MSNBC
Oct 1, 2010 4:00pm EDT
at the line. the big banks find it mar more profitable to gamble with the money or lend it to china while sticking taxpayers with losses they might incur along the way. they collect the bonuses. why would you lend to american business when you can take american money to china or gamble it between each other? until that changes the opportunity for investment, the opportunity for the extraction that's going on will continue and jobs, dare i say it, will be scarce. our first guest today, james, economics professor and author of "the predator state how conservatives abandon the free market and how liberals should, too." pleasure to have you here. what do you mean by your title? >> it describes pretty much the situation you have just referred to. a situation in which major financial institutions took over the strategic policymaking positions and dictated a set of interventions which did them a great deal of good but which has left pretty much everybody else flat. >> our economic system right now, or capitalism is a concept for that matter, is a system in which it's imperative that money
MSNBC
Jun 24, 2011 4:00pm EDT
that china entered the world trade system and flaunts the rules of the world trade system. and we have no response. we have no strategy. i do think that it will take more federal investment to create a single job, precisely because of this automation and technology. we shouldn't try to stand in the way of. this i think it's just the reality. the return on investment that you're going to get at the federal level for manufacturing in terms of jobs is going to be smaller than it once was which means we have an even bigger job to do in leveling the playing field and in providing other very reasonable incentives to make things here in this country, to encourage companies to reshore, before he work back, invest in our infrastructure. there is a lot of stuff we could be doing. this is one leg of it. it has to be a wholistic approach. >> i guess my concern is when you look at it, scott, the big picture you've got this vampire just sucking trillions of dollars out of america in the big trade that is china and in the banking system that is subsidized by the taxpayer and is pulling money out
MSNBC
Jan 31, 2012 4:00pm EST
here on earth, but should the u.s. be working together with china on at least one project? and is that project in outer space? a journalist making the case for a collaboration to get the two countries working together. that's coming up. whee wheeeeeeeeeeeee! wheeeeeeeeeeee! whee whee wheeeeeeeeeeee-he-he-heeeeee! whee whee wheeeeeeeeeeee! pure adrenaline. whee whee wheeeeeeeeeeee! everything you love about geico, now mobile. download the new geico app today. whee wheeeeeeeeeeee-he-he-heeeeee! in what passes for common sense. used to be we socked money away and expected it to grow. then the world changed... and the common sense of retirement planning became anything but common. fortunately, td ameritrade's investment consultants can help you build a plan that fits your life. take control by opening a new account or rolling over an old 401(k) today, and we'll throw in up to $600. how's that for common sense? >>> we continue our special auction 2012 report here. bought in collaboration with "the huffington post." yesterday we dissected the "b" in bought and the price we all pay not j
MSNBC
Apr 12, 2010 4:00pm EDT
india entering the arms race under an agreement signed with the bush administration. china's president making the trip with a lot of baggage. the u.s. pushing for new sanctions on iran. china sends a mile of money to iran every day for oil. iran happy to sell the oil and then do some drug dealing with russians to afghanistan but that's for another day. the nuclear program in china they say we'll secure our stuff and then you guys can just cool it. here's what we do know about what actually exists in the domain of nuclear material. there are 22,000 nukes between the top six nuclear states. the united states and russia account for almost all of it. 96% of it. legacy of the cold war. you probably know that. at the same time so-called loose nukes, this is a new one, either trafficked or stolen nukes, number around 2,000 of them that have either been lost, stolen or unaccounted for in russia between '93 and '08. those numbers are provided to us mind you by the international atomic energy agency and putting that in context say there was a nuclear war between india and pakistan a re
MSNBC
Jan 27, 2012 1:00pm PST
have been hearing from romney is we need to deal with china on the trade issue. that's an encouraging sign. just for the debate itself, i talk about the debate america deserves. that is the debate america deserves. one of my favorite villains of the past four years, timothy geithner, at the world economic forum this week weighing in on the issue of china and how they are affecting investment in our country. take a listen to the secretary of the treasury in switzerland. >> china does present a really unique and formidable challenge to the trading system. it's important we get china to move on comprehensively on that fro front. not just on the exchange rate, but dialing back the distorti s distortions. they will have to do it. they would like to do it in a more compelling way. >> so again, i've been one of the greatest critics, but between the treasury secretary coming out and addressing the issue with china, with mitt romney being honest about the fraudulent nature, are we getting closer to a debate we deserve? >> and the language echoed the language the president used in the state of
MSNBC
Apr 27, 2012 4:00pm EDT
going on in china and other places, how can we politicize the cost of college? we have to be making college as less expensive as possible. it's crucial for the future of the nation. >> meanwhile, the technology that has just exploded into the world, the lives of everybody, is a nnihilating the cost of learning. it's in the opposite direction, peter maresi, to the cost of the very education we're theoretically supposed to be paying for. it's like we lost our minds. >> this is an example of what i was alluding to, is that universities have really failed to embrace the computer, the opportunity for education through that medium, and they've really seated it to these operations like the university of phoenix. we always think of the american federation of teachers as being one of the toughestç unions in america. no one resists change quite like a university professor does. >> well, listen, you want to start a reform coalition, professor? >> well, i'd love to, but when i talk about these things on campus, i'm considered to be somewhat of a dissident or, as kindly said, peter, too contro
MSNBC
Feb 2, 2012 1:00pm PST
running for president, whether it's barack obama saying he's going to deal with china or create jobs only to take the bank money and leave the trade agreements in place, only to do more deals so he can create a safe harbor for the banks, which nobody understands. and now romney is going to basically play the same game. how do we apply direct pressure to both parties to hold them more to account to deal with china, deal with bank restructuring, deal with tax reform so we can get the investment that we need and stop playing who do i like better, susan? >> going back to obama when he was campaigning in 2008. now the president walked in and he said, oh my gosh. i didn't know things were that bad. he did promise a bunch of things he couldn't deliver. and because he said, i didn't know what was really going on. i think what you need to do is everyone needs to step back politically on both sides and say what can really be achieved. what do you want to do to be achieved in this environment. that's how you get to solutions. >> the only thing i would say it's what can we be achieved, it's that
MSNBC
Sep 16, 2010 4:00pm EDT
something. that is for another day. also tim geithner on the hill talking china, mainly their currency and our trade deficit which is projected to top $250 billion this year. this only matters in the sense that china has deliberately created trade policies to outsource their unemployment problem with their extraordinary number of young men to hour our country. we now have it. we're a rich country. so we pay for it. but china, at this point, does it at our expense. they keep taking our jobs, of course, fat chance of the american political establishment under the control of the major six industries in this country when those very same big six corporations at least too many of them continue to lobby in our own country to keep the oppressive labor practice that's currently exist in asia because it's better for profits and who the heck cares if the slaves are chinese as long as they're not americans, right? let's talk to a businessman and all around financial expert peter schiff. peter, to spare both of us the agitation of a lot of criticism and this and that and this and this and this. the
MSNBC
Feb 4, 2010 4:00pm EST
borrowed from china. that's what they care about the most. >> when the economic structure is based on banks controlling the government, where they bet as big as possible, and they're at it again today, you have no choice but to take that deficit on. when politics are based on politicians sticking the bill with future taxpayers, you have no choice but to have those deficits, dan. it's clear what the tea partiers are against. and the deficit being the best example. banks, all the rest of it. it's unclear what the tea partiers are for. i think that's what makes a lot of folks nervous. do you have any insight as to the cohesion and what is the criticism of their rebellion, if you will? >> i was perfectly honest with your producer. we were talking about one particular event. as far as i'm concerned, the tea party movement the greatest thing since sliced bread. i think it's a rekindling of the spirit of american freedom that was rooted in the original tea party. and i hope it's going to have a lot to do with taking politics back to the people here. >> for purposes of clarity, the crab grass
MSNBC
Feb 3, 2012 1:00pm PST
got to develop the solution to deal with china. . >> jared, you agree with the framing of this conversation. you're fully aware and obviously, an advocate of having a robust investment culture in america. we all know the investment culture in this country by litany of levers needs significant improvement. the question that's been occurring to me, jared, is how do we explore and benefit from the short-term stability we have achieved through the money printing and exploitation of our status as a reserved currency to get away with a stunt like this. how do we exploit the stability not to interpret it as we're out of the woods, but as a stable platform to engage in an intelligent debate as adults about how we're going to cultivate the investment culture for the next hundred years knowing we don't have it now. >> the answer to that is for us all to recognize that with the progress we made, we have a fragile recovery. the reason is because investment in our workforce remains relatively low. we still have currency issues. we certainly would like to see the manufacturing going in the r
MSNBC
Feb 21, 2012 4:00pm EST
china come online between now and 2050, the proportional relationship of the united states or for that matter western europe will change. what do you suggest -- how do we context liez that so we can navigate it with great success as opposed to like a bunch of fools? >> well, a more inflated raft is a good thing for everybody. >> that's what you think. >> the question is how do we welcome it? other peoples' growth is no not our enemy. u.s. companies historically in the last five years look at emergin emerging markets as a growth opportunity. but they are the place where the new rules take place and get adopted for capitalism. an analogy here. in the industrial revolution, the technology came from england. but they had an agricultural economy. so the society was the u.s. rapid growth. youthful. here in the u.s., we figured out what an industrial society looked like. same thing. we invent the information technology here but it's going to be the digital -- >> it's going to be the people that don't have the legacy that's wedded to preserving the industrial arty firsts no matter what. brazil
MSNBC
Oct 4, 2010 4:00pm EDT
more long. brazil, china. when it comes to the big political debate, if you deal with china, then you hurt ge and caterpillar even if you hurt america and that puts the people in d.c. in a heck of a situation. >> a story "the new york times" this morning, these big companies are hoarding cash. borrowing money for nothing. >> i know. >> don't have enough confidence to move forward. even overseas, they're not spending a money. >> you look at the flow of money from our corporations from the american tax space, using american corporations in our banking system to take money out and put it into china and other countries, it's what has been going on. if you look where it has gone, why is there no lending, it's because the political architecture for business, you have these businesses that are long global development, but if you talk to american businesses, talk to people -- new core steel, nobody letting me bid on contracts in canada. so while the americans let everybody bid on our contracts which is understandable, we're not playing fair because our companies can't bid on the brazilian con
MSNBC
Mar 21, 2012 4:00pm EDT
. joining us now. an award winning global correspondent for the economist now based in chis in china. he is the author of "need, speed and greed." welcome, veejay, i love that title, by the way. >> thank you. >> we will get into need, greed and speed, today, i hope. >> thank you. >> this is pivoting off of what the president wag talking about. innovation shouldn't be thought of just as nancy new ganlets but a different frame of mind. >> absolutely. this is one of the main fallacies i tackle in the book. we think of innovation meaning invention, technology, ip, gadget, glover teixei gadgets, gismos. innovation simply put is fresh thinking but create value. this is creating value. it could be for shareholders. social business or hybrid business model, could be for stake holders. the hard part is not the gadget or gizmo, but a need or problems. >> i know you talk about in india and china, there is health care going on where can you leapfrog us. there is a need no drive lower cost business models. they can translate back to our shores to stop our 17% of gdp to stop the healthcare from de
MSNBC
May 10, 2011 4:00pm EDT
american worker that they can reduce their cost, ala walmart in china, ala apple making iphones in china, but if i am a vineyard in california or i am a restaurant anywhere, i cannot outsource my vineyard or my strawberry pickers in china. but i can exploit the fact that no one wants to deal with the fact that my entire staff or a quarter of it or whatever it is is this. and it's one thing to say and it's the right thing and i agree with it and we all understand the need to do this, but i'll tell you what, do you think that the democrats or the republicans have the ability to walk down to every farm and into every hotel, into every restaurant and on to every construction site and say i'm going to fine you $1,000 for every employee that doesn't have papers. they're going to cry, our businesses are getting killed, do you have any idea how it's going to impact the cost of wine. >> i think that's why the president talked about and one of the things they have beefed up is going after employemploye. >> the employers need a mechanism to confirm -- >> i understand. >> and everyone on the o
MSNBC
Feb 3, 2011 4:00pm EST
of india, rise of china. we got to get ahead of it. >> what's sointing is elsewhere in the arab world such as the west bank the people are experience being double digit economic growth because of accountable leadership. so people in egypt know even within arab culture this is possible. >> prosperity exists in their own world. >> and dignity can exist in their own world. the two go hand-in-hand. >> dignity is key. mubarak, he's just not going heavy his country. we don't know what will happen. the more out in front we say you need to leave is not helpful. private messages behind the scene, standing with people in the streets. really messy week, year and i think decade. this will keep going on. >> would you say that from the royal family in saudi arabia to the leadership in iran to syria, that across the board everything is in play here. >> people are waking up. the status quo is no longer acceptable. >> anybody who says they can predict what is happening tomorrow is either a fool or a liar. let's try not to be either. >> thank you both for the analysis and the insight. we're on this thr
MSNBC
Jul 27, 2011 4:00pm EDT
the oil, the commodities, everything that exists, that china sells to brazil, that saudi arabia sells to europe is priced in u.s. dollars. it is incredibly unclear to what the implication of not paying it, because it is the only currency. beyond that, you have this multitrillion backstop in place that is the central bank, which is effectively saying even if it appears america is going to default, the natural correctionive mechanism that got italy in line, which was to jack interest rates and the italian bond market and everybody gets freaked out and then they have a meeting is gone, it's literally as if the mechanism that should be enforcing what we're talking about has been put on morphine, because the actual market, which is the bond market should be leans against this -- >> but where else do you put your money? >> i know. i get it. >> so ironically everybody is coming here at the same time when everybody isç looking -- m picture a phone call between the finance minister in china, the head of the euro zone and in saudi arabia, saying how soon can we get a basket bypass curre
MSNBC
Apr 4, 2012 4:00pm EDT
energy relationships? >> absolutely not. america comes down to four things right now. china, energy, health care and banking. on two of those issues, romney is clearly different than the president. it's going to be an interesting face-off. >> which two? >> on trade with china and on energy. he wants to do something about china. president obama has decided not to. and on energy, he wants to drill. president obama has shut that down. on health care, you've got to admit, mass care and obama care look a lot alike. and on banking, all romney promises is to do better than obama but doesn't tell us how. >> in a sense, and no one contests this, jonathan, the president has aspired to many things and done some good things, but has left himself very vulnerable on issues like banking reform, unemployment. at the same time you look at the ryan budget as the latest example, the republicans seem like a political party desperate to make sure that they always look crazier than the people in charge. >> yes. so a lot of these things that we talk about on the show and what peter talked about in terms o
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