it got me thinking we haven't only suffered from an economic crisis maybe we are in a crisis of values and meaning and the definition of our own lives. i was glad you mentioned martin luther king because it is probably impossible in jefferson school which used to be an all black school during segregation, probably impossible to talk about this topic without referencing earlier this year we celebrated the 50th anniversary of the historic march on washington, martin luther king's iconic i have a dream speech and as we were going over the speech this summer and it was all over the newspapers i went back and actually read it and noticed a portion that hasn't gained as much attention, i want to read a small segment of it tonight, today. in a sense we have come to our nation's capital to cash a check, when the architects of our republic wrote the magnificent words of the constitution and the declaration of independence, they were signing a promissory note to which every american was to fall air. this was the promise that all men, black men as well as white men, would be guaranteed the inalie

a lot of thinking crisis. even the savings loan crisis in the 1980s which contributed towards its the demise but over turmoil and inefficiency has persisted federalism in the u.s. because starting from the very beginning, the state had authority over deciding what the roles of the game for engagement were going to be in their states and also they hav had the authoy to restrict out-of-state banks from participating so that meant if you were in kansas or illinois or other states if the agricultural interests wanted to maintain the banking they just had to win the battle of the state level so it was easier for those agricultural interests to win at the 50 state levels than it would have been if they had to fight the battle on a centralized basis and we make that argument at length why that is in contras and contrast in pr one of the things that explains why they had a hard time getting a nationwide system going was the decision-making about the law then in the 1860s we create the national banking system that soun

, the regional crisis that is engulfing a large part of the middle east should he come a crisis that too many people don't want to talk about and i'm grateful to the institute for putting this event together. i am particularly delighted to be able to share a platform with ambassador ford who really does deserve much more than i do your kind introduction. ambassador ford has earned his introduction through extraordiextraordi nary public service and i'm looking forward to her conversation. i think when we first talked about having this event we wanted to try and tease out the interdependence between politics and the humanitarian challenge and the humanitarian agenda. obviously traditionally and i moved from someone who dedicated my career to using politics in government to solve problems i have now moved dealing with situations where governmental politics is the problem and if you like i'm looking at the issues from the other end of the telescope. traditionally the humanitarian sector sees itself dealing with the consequences of political failure or governmental failure and most obviou

from crisis to crisis in libya, the interim prime minister will step down, a month into the job. time is running out. the u.n. tells the world to give up fossil fuels now, or the planet will pay the

we're concerned about the impact of the ukrainian crisis on growth. if the impact is relatively mild and if the crisis is relatively short, the still we have reduced our growth expectations down to about 1.2%, 1.3%, excuse me. 1.3% for the year which is about half of what our previous estimationing was. on the other hand -- estimation was. on the other hand, if the crisis goes longer and has a deeper impact, we feel the russian economy could contract as much as 1.8% this year. so this is a very serious issue for russia, a very serious issue for its growth prospects. and so we simply urge all of the parties to continue with negotiations and find peaceful means of moving forward. >> right here. no, no, down. down here, sorry. >> hi, my name is george, i'm from ghana. what should emerging markets like ghana be doing looking at the effect of u.s. tape perking? -- tapering? already our level has gone down by 18%, growth is likely to suffer as well. what should we be doing so that whatever happens in the u.s., the shock is minimized in a country like ghana?

we are going through a water crisis. there is the danger that the water supply won't be good to ring the world cup -- won't be good during the world cup. >> from 1000 -- some 1000 residents marched down the main bullard. the protests started off peacefully, but different -- the main boulevard. the protests started off peacefully but beerupted in -- they called on the government to defend the massive state spending for this event while public services in the country are often substandard. with less than two months till the first match kicks off, some of the stadium construction is still behind schedule. there are fears that it will be plagued by logistical setbacks. >> crisis talks between russia, the ukraine, and the west are underway in geneva. this as russian president vladimir putin defends his policies in a well-oiled q&a session with the people. close to 300 still missing as rescuers struggled to find survivors from the ferry disaster. the boat filled with high school students on a field trip capsized and sank wedne

guy is the oic and the world's most prominent observation racing team was tasked with monitoring the crisis in the country to be peterson or writings of the us to seek their release as you. this has declared john paul the second image on the twenty third at state and more than half a million properties at the vatican crowds waited hours to witness the historic men's us who attended by retired pope benedict the sixteenth the devil can in a feat it was the first to the catholic church's history series brings three seed peter's square in st is the role that it hopes the states about marriage ceremony john paul the second became well known in ukraine despite the historic couple visit in two thousand and one during which he likened it to be sincere when he remembered those who suffered as a catholic worshippers under communist rule. and one. you know. during an attempted talk to the chief justice and peace to the ukrainian city of donetsk former russian oligarchy which i'll put a post he stopped in to not read the administration building in march the former billionaire accused russia of being co

even during this crisis we have retained a strong commitment eyed the moment a lot time appealing to peaceful island states than defend one simple thing to me batty and eight is different. these life saving aids requires funding you need to be made available and so we work on finding a resolution that that wheel green cannot help and call to the most desperate people. is this commission he mentioned the humanitarian crisis in the central african republic a year ago this impoverished african state descended into an epic conflict between the muslim and christian vigilante groups almost all of the country's four point six million people are in need of humanitarian crises european commission talks about ethnic cleansing on a large very large scale. these in traffic in the cubby is really a tragedy that should have not happened to the world for a long time has forgotten this country. and there is no peace. what the novel head. they use to be peace between the religious communities tolerance and owning line short the new year. collapse of the state and intense fighting. this is lost. we no

i only hope that we have an aids crisis, transportation crisis, housing crisis, displacement crisis and we have a government in crisis. we need to alleviate some of the stress that is being put on everyday citizens on a daily basis. thank you. >> thank you very much. are there any other members who wish to comment on item 1 and 2? seeing none, public comment is closed. supervisor mar? >> yes. i would like to thank those who came to testify at this hearing. i'm in support for free muni with seniors and people with disabilities. we'll figure out ways get it in the budget and not contingent on the passage. i know what a struggle on balancing the budget is. and also for bicycle coalition and many advocates that are focused on the recommendations for the budget analyst report, to continue to work with mr. riskin and his staff and also acknowledging that it's not enough in working as we can to improve on what's been put into place by the mta. i know with the vision zero committee meeting tomorrow convened by the transportation authority, i'm going to do what i can to make sure that i'm levera

crisis in ukraine and egypt are sending crisis in and for more on what the imf does, we have this report from mary snow. >> you need to go back to world war ii to get a sense of how the international monetary fund came about. after enduring war and the great depression of the 1930's. there was a call to create an international monetary system before the war's end and create a way to re-establish world trade. the us and britain led the way. this historical footage shows the delegates who travelled to bretton woods, new hampshire in 1944. it was here that the imf was designed. it officially started two years after those meetings. >> they needed a stable system and that stable system would be based on a link between the us dollar and the price of gold and that other countries could link their currencies to the us dollar so that we could have a stable financial system >> but the us broke with that system in 1971, when president richard nixon made a dramatic announcement --saying the us would no longer exchange dollars for gold through the official gold market. >> i am determined that the ame

in the crisis this ukraine, here is where things stand right now. sanctions on russian officials and campaigns aring up. the most recent u.s. sanctions target 7 influential russians, including members of vladimir putin's inner circle and some of his closest add advisories. one est most notable figures is igor sechen, the president of the state-owned oil company, roseneft. there have been four rounds of western sanctions imposed on russia, targets including 45 russian citizens and 19 companies. the u.s. warns it is prepared to take more steps if russia refused to change course in ukraine. here is the image that caught our attention today. a freeze frame, a pro-russian militia member puts an assault rifle in the hands of a small child. headlines coming up in just a second. r >>> welcome to al jazeera america. i am john seeingenthaler in new york. secretary of state kerry has apologized for saying israel was in danger of becoming an apartheid state. he made the comments on friday when describing a peace prices and in his apology, kerry said the word "

and how are we doing in managing crisis? >> tom, first it is great to see be back 'm thrilled to here at this wonderful conference. and everybody who has put it together and i'm be here y pleased to who hasistine leguard, shown such great leadership. ukraine one example but there through the ore international monetary fund. we could be here until breakfast is going on what with russia and in particular vladimir ing on with putin. i will try to be brief and make a few points. paouutiputin, in my view, is by the past. e wants to restore what he views as the proper place of world order. he's motivated by his looking on history, going back to the czars. publicly said the collapse of the soviet union was a great catastrophe. believes that politics is a game, which means that russia can't do well with all resources and assets it has, starting with its other people are doing well. therefore he wants to do what he russian evate the osition particularly in its neighborhood among those countries this used to be part the e soviet union

food crisis. continuing destabilization of the neighbors given the thousands who are writing every day. -- who are arriving every day. the resilience i think has been extraordinary over the last three years, but i don't think we should be complacent about it. i just want to pick up something that andrew referred to. someone said to us, president assad has got the war he wanted. it's a war in which his enemies are described by some people in terms of making them as bad as him. and in that sense it's the war that he wanted to use the example of somalia. people have talked about the lebanon session. i think it's almost more from it's a more serious than that. i talk about the afghanization of the center and the afghanization in the sense it's no man's land, incoming turns into becomes, very interesting piece in the london review of books this month by a professor who talked about a credo for a research al-qaeda industry that's why the notion of an afghanization is appropriate. let me just finish with

we do not cause the crisis. this is working toward their advantage. but the truth is most consumers , are going to stay with the financial institutions that they have been with a do not know if it is out of loyalty as much as the convenience of not having to change over all of your accounts. >> this is earning season for the banks. >> this is earnings season for the banks. we've seen a number of the big report positive earnings and beating projections, not in some case but in significant cases. that plus the capital requirements. today the banks are able, we the regulators -- they're in better capital shape. wondering what those two things should indicate to the public about where the large institutions are. >> well, they're certainly in better shape than they were if armegeddon were to happen and we had another terrible situation like we had in 2008. there's anyk question that these banks now cushion and more capital in place, that they'd be less likely to, you know, panic in the same way that we saw the time.s do at that you know, profits are good.

well one of the crisis management i also lead by the way since long. the different european approach where. europeans in the wider sense you were kind were too good. to bring solutions to all these questions if not we will continue to. reaction to events and also in the. very good we have to lean toward used the russian positive conditions for the development of europe including of course. we understand very well the problems in ukraine the. request from the people in the so-called west also a legitimate request on the. east side of the can treat all that just to be taken into consideration discussed but in the mood. of. one of the options state ukraine is proposing as part of the crisis management is going out using reverse gas imports to ease the burden of paying full price for gas how would that or technically because you know so much about it can explain it to us. well look first. in europe i mean. it does been a major policy and i think is well supported by industry. to develop as much as possible. and this is not just security of supply source so

the situation has bloomed into a deadly crisis. before people lose their lives while 100 remain missing. ukraineation in includes faultlines and preventive measures. the international community still has a chance to prevent further deterioration of the situation in ukraine. we once again welcome the establishment of the u.n. human rights monitoring mission in ukraine which we support and we believe you can build on the work of this mission to support ukraine in its efforts of building a state ukrainians deserve. president, it is incumbent for the ukrainian government and a priority to build confidence between the authorities and different communities with a u2 reassuring all people throughout ukraine that their concerns will be addressed, especially the russian speaking community. time to ensure rather than adopt the legislation which would lead to isolation and more radicalism. the situation on the ground the getting a dires need for a viable political solution. with the illegal occupation of public goldings and structures by arme

but as the years returned to their might be an escalation in the ukraine crisis. the docs turned around and now at the end of the week. it's lost its earlier gains on the people working the floor and deed investors worldwide. i just afraid that the other will be an escalation of conflict and that economic sanctions will be a consequence of that sanctions that would not only the gresham. but the economy is and the nations of the west as well. surely the ukraine crisis will remain atop the tear that overrides everything also next week. and it'll mean a big topic with us for the weekend i suspect that was the box in frankfurt let's look at the market numbers in raw form. index was down by more than one half percent to close at ninety four one. he was asked if he also had been a bad day took a tumble down to close at thirty one forty seven over in new york city dow jones industrial average which is still trading is down close to a percent right now. the sixteen three five. tg slightly up against the dollar to one thirty eight thirty six. aren't these short break the t

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canada never had a banking crisis. this recent turmoil did not cause a crisis in canada. the great depression did not. the 1830s didn't. >> when you say "didn't cause a crisis," not just did their banking industry weather the great depression better than ours, but they had virtually no failures? >> no failures from any bank of any significance, and banks did fail -- small banks failed in canada occasionally, but it was -- >> management. >> yes, mismanagement. another interesting thing is not only did they not have any bank failures, but their total amount of credit relative to gdp was comparable or better than the u.s. during this history despite the fact they had lesser density of population, other things that might make you expect a very different outcome. they had more abundant credit, more stable credit, and, by the way, analysis of how competitive the banking system is also shows it was more competitive. it's really quite a remarkable difference, and i should mention, also -- >> all that prowess. >> something else, canada did not create a central bank, like a federal

decides to cut supply while the deal could help soften the blow if russia cut gas supplies amid the crisis between the two countries the agreement is not its far reaching and clear thinking of adults under the deal slovakia will make technical adjustments to an old unused pipeline to ship about eight to nineteen cubic meters of gas. starting in the autumn larger than a taste of the crimean peninsula and the continuing turmoil in ukraine teeth set up the most serious beef with prices since the cold war and raised the possibility of a gas crisis in europe the united states slapped sanctions against them or what officials and seventy merchant company linked to russian president but the report in the mood of the latest attempt to punish moscow court intervention in ukraine a charge denied by russian official the white house said the seven russians who include the nurse jen head of russia's major oil company ross nap and a close ally of them are now subject to a freeze on any assets they hold in the united states and a ban on us travel in addition the united states will deny export licence appl

the kremlin has become increasingly isolated in the international community over the crisis in ukraine last month the un general assembly overwhelmingly to clip to russia's annexation of ukraine's crimean peninsula the ballot by one hundred to eleven size eleven countries which voted against included to topweight saddam syria cuba and north korea twenty four countries didn't cost of audit reports in the of the threats of russian retaliation the un is conclusive decision to march has been compared to the one night when russia starts a war with georgia in two thousand a night over the breakaway region of selfless a tia even then only fourteen countries but to dubai to eleven against and one hundred and five abstained the eye. i bought one. sturgeon it's nice to be demonstrating outside the ukrainian ministry headquarters in advance to the kremlin backed onto the strip down so i was outside the black sea port minutes he seemed to result in ukraine soldiers clearing away the wind tunnels to the scene is reminiscent of crimea. seven people were recently due to the car ukrainian checkpoint n

a food crisis. continuing destabilization of the neighbors given the thousands who are arriving every day. it is the resilience of the neighboring states that has been extraordinary over the last three years. i do not think we should be complacent about it. i just want to pick up something that andrew referred to. someone said to us, president assad has got the war that he wanted. it is a war in which his enemies are described by some people in times of making them as bad as him. in that sense it is the war he wanted. you used the example of somalia. morenk it is on most serious -- i think it is almost more serious. i thought about the afghanization of the center and east of the country. in the sensetion it is no man's land in governing terms. there was an interesting piece in the london review of books this month by professor who talks about a cradle for a resurgent al qaeda in part of syria. is notion of afghanization appropriate. let me finish with the following reflection. we and the humanitaria

barcelona, meanwhile, going through something of a mini crisis. having been dumped out of the champions league by atletico madrid. a a defeat at grenada. personally, i am not saying the rest of the dressing room feels the same, but you cannot look at the defeats of barcelona in the champions league and in the liga . this is a different match for them and for us. anything can happen in a final. despite the problems, barca winners of the cup 26 times have beaten real twice this season. martino said we have enjoyed winning the last two clasicos. to win is a special sensation, but none of the two we have won give us civil war. tomorrow is about winning a competition. it is difficult -- it is different. questions asked of leaned on messi. dismissing reports the argentine star is a happy. in tennis, novak djokovic with a demolition. jo-wilfried tsongag

legal bills have cost the bank more than $50,000,000,000 since the financial crisis. b of a is the second biggest bank after chase morgan. >> focusing on giant banks, but more than 90% are much smaller. talk about commune did i banks which play a very important role in our economy lending to small businesses and folks whose finances often don't fit the rijt criteria of large banks but as patricia sabgba reports f regulations making things too. >> this town needs this meisly one horse institution if only to have someplace where people can come without crawling to potter. >> in the classic film, "it's a wonder life," the community bank embodied the spirit of the american underdog from small towns to yourban streets, community banks still play a vital role in the nation's economy, providing financial services and loans to small businesses and farms and individuals whose needs and profiles don't always fit the rinlid criteria of big banks. >> rierl areas are an important especially smaller community banks because those are the areas that large banks don't want to 7 are pu

. >> given that there is no ukrainian crisis without western and russian agreement and cooperation ukraine is in a category all by itself and it is part of the solution that has worked very well. that is a liberal democrat see, dynamic, transparent, but with a warrant hall's the, which is essentially neutral and very attentive to russian concerns. >> i think that democracy the democracy on the finish line was a good idea and it is not prepared to accept any democracy in ukraine because that means that ukrainians explain that their regime is not acceptable and that is not acceptable to us. so i don't see that this is the direct cause and that is why i want to contain the action. >> okay. tom, andrew? >> i think that there is a solution to the ukrainian crisis but it is going to be one of we have to take into account the interest of ukrainians themselves and all their multitude and different opinions. but also it is just the reality of the way the world operate and the powers that have this. i think you are right that for whatever reason they have, they have an attitude towards the ukraine t

thinking is what we had embarked upon long before this crisis. this crisis provides an opportunity for us to think anew about how we can continue the efforts we started and augment them further. our military relationship with ukraine, although important, and they have deployed with us afghanistan and elsewhere, was relatively modest. part of these discussions that we were having in kiev last week was about the medium to long term and how we can address the urgent needs, but more importantly over the long term ensure that they continue on the modernization and professionalization effort that we have helped with. are about thatwe long-term effort, the better. i've been concerned -- >> i've been concerned. i've been hearing a term like linesd-ization and red around ukraine. are we using the terms in any way, shape, or form? >> senator, we are not. that term has different meanings to different people, but it generally implies a constitutional neutrality of one kind or another. as you know, the transitional government in ukraine -- and you've probably

or as a deep in the crisis by savaging middle class balanchine. it certainly did in the provinces arland is often touted as the poster child for austerity in fact nothing could be further from the truth. we are a very small open economy which is allowed us if you like to cope with austerity much better than countries like greece but that doesn't necessarily mean that it was good for us at the time or that it was necessary what's actually happened is the government has stripped out a huge amount of demand from the system goes by reducing its own expenditure and also by increasing taxes on pretty much everybody it's done so in a relatively progressive way i have to say but overall has a certain been good for our land no unless you count credibility with the markets. shoot on the table the average middle class. wow now i was bond yields and spreads are german me irish of buying yields and spreads to german bunds have collapsed so is ireland in the clear. you know it's important to understand is this is really important statistic to understand is that

sanctions and crisis. and the fear that this can escalate. i think probably the fear that it could be a military intervention by russia into eastern and southern ukraine. this could lead to further sanctions. these are snow balling into situations where investors are worried as to what's going to happen with the russian economy in the coming years. >> you talk about snow ball. we talk of further sanctions, the crisis not going away it doesn't seem at the moment. in the first three months of the year, the russian economy grgrew 0.8 of a point. people were shocked. how big is this snow ball going to get do you think? >> in things do not improve between ukraine and russia, i think this is a serious situation. even the russian government is accepting the capital flight will continue. it could end up with russia losing $130 billion u.s. in one year alone. we're hearing mixed messages. russian leaders are trying to calm down saying we can weather the situation but at the same time saying things are not looking good. >> not looking good at all. than

maybe the crisis would not have unfolded this way. it's just not good when civilian population takes up arms. biting tm when he issue arose, there was a figure stated that in ukraine there are 3 million illegal firearms, but people were worried about their well being and are attempting to protect themselves but how can you not take up weapons? of course in normal conditions it's quite questionable. now my french colleague. my french colleague, he used an interesting term, virtual reality. virtual-reality. this is a term which was in my head when i was listening to some of the statements of my colleagues, individuals took power in kiev to the force of arms. some of them have the type of reputation which means that a year ago you wouldn't have shaken their hands. the eu stated that there can be no coalitions with them, and they are promising something all the time. but they're not making realities of any other promises. they promise they're going to disarm someon some and give. nothing happen. investigation of acts of lawlessness which

supporters and journalists were gathering at a time of crisis. those on sunday claim there's virtually no independent voice left. the clamp down by vladimir putin means that during the political crisis, the kremlin decides on what you read and watch. >> i protest against the censorship in the media. >> the opposition is exhausted because it's hopeless, it's suppressed so much. there is no point in protesting. the authorities don't listen to us. >> the last three months sees the kremlin widening its net. a well-respected newsagency lost its long-serving editor in chief, replaced by a kremlin friendly journalist. the independent broadcaster that had been outspeakenly critical of the coverage of events in ukraine was virtually closed down after political pressure on its survivors. even blogs can be banned without legal resource. at the time of growing political crisis between russia, its neighbour and the west, it's not just the fate of ukraine under scrutiny. it's the freedom of journalists to cover it. >> u.s. ambassador samantha powell says the l

i believe we can get out of this crisis. despite finance and investing in the city's employment and price to get my maps. but the mother of the money will come from about the redistribution of wealth taxes and expenditures. so remember me at and i met him when he receives a while a loss of profits and sleepy and cranky counties in all the new owners it will get the tone of this money is the most invested in the real economy and the physical and this is the store and buy a kindle and the style. people remember how the market thinks money is to exit the crisis in nineteen twenty nine. if you get with the geese the cuticles are pushing and not the sole surviving climbing like tasting the purchasing power of things he can spend money directly into the mommy and me in on the study which included strengthening eyes of the moms typical moment all mushy peas and that was and we need a new deal europe with the social agreement that enables investments and sent the european economy back on track. next time i'll see some recognition th

every crisis, who bear the greatest brunt? it's women and children. so, for example, we're running 18 centers in the neighboring countries. what do the women who come to those centers report to us? what they report to us is much heightened levels of sexual violence, massively increased levels of domestic violence and shockingly in 20% of the caseload in early jordan, forced early marriage is part of their family experience. very young girls being forced into marriage for reasons of security or simply to get money into the household. that is the kind of trauma that is being suffered every day by women and very young girls in syria and in the neighboring countries. >> so in terms of the syrians who have been able to leave the country, the amassing of these but in lebanon primarily, in the region, what -- >> it's really interesting that you use the image of the camp because the iconic image of a refugee is someone in a refugee camp. 85% of the refugees in the syria crisis are not in camps. in lebanon, they have experience with palestinian refugee camps.

present crisis that's going on i should say the precipitating cause of the present crisis were the events of february of this year especially the february twenty two coup. in kiev. it's stephen it's interesting if we if we look at nato expansion and it ends up being kind of like a chicken in the egg situation because if russia is the threat do you want to expand nato but if it isn't a threat you know if you expand it you do create a russia that is extremely anxious about it a vast military complex moving towards its border i mean it you know it what do what should the world expect from a country like russia that he has had a history of being a major power still is an important power in the world and always that it has this military apparatus right at its very border and we have this ukraine crisis where john pointed out there in it with the coup in kiev which was the legal in my mind that is a red line that the kremlin said look we can't trust these people these people live openly lie now you see the problem here peter is and i'm going to retreat into my vocation as a historian is that jo

it has a currency crisis, it's falling. billions are exiting the country. there's a chance russia could be in trouble. mary snow explains what the international monetary fund is. >> you need to go back to world war ii to get a sense of how the about. after enduring war and the depression of the 1930s, there was a call to keyate an intersection -- create an international monetary system, and world trade. the u.s. and britain led the way. this footage shows the delegates gravels in 1934, when the started. >> they needed a stable system based op a link between the u.s. dollar and the price of gold, and that other countries could link to the u.s. dollar, so we system. >> but the u.s. broke with the system in 1971, when president richard nixon made an announcement when the u.s. exchanged dollars for the gold market. i'm determined that the american dollar must never be a hostage in the hands of international speculator. >> chaos followed. historians linked the action. the i.m.f. lipinged ties purpose. it found one. the i.m.f. counts more than 100 countries as me

a pending crisis also. we have two thousand plus pro russian activists all around these were images which is surrounded by barricades and they believe that this building could be stormed any moment so i think east of ukraine readies for a crackdown on dissent and we report from the city of new guns from protesters. despite an ultimatum from kiev. international creditors talk of a greek recovery from an economic crisis it may need to get. bailed out. as a pull out from afghanistan approaches we look at the logistical and.

then we'll look at the next big international crisis. that's the one you will reading about in a few months, even. we have the maps and the experts on hand. >>> also, what is the most important economic trend of the last three decades? there is better an even odds that it's you. i will explain. but first here's my take. foreign policy commands attention when it's crisis management. a street revolt breaks out in egypt or libya or kiev and everyone asks, how should the president respond? these are important part of america's role in the world, but they are essentially reactive and tactical. the broader tactic is to lay down a strategy that endures after the crisis of the moment. the obama administration has tried to do that with asia's strategy, but progress has been halting and incomplete. so for all its problems, the real threat to a serious asia strategy comes not from the administration but from congress and maybe the american public. in fact, the difficulties in the execution of the asian pivot raised the broader question, can america

how far into the crisis are we? we still have this classic playoff between the ecb and the southern reality. the ecb has tried to give these countries an incentive to reform. right now, they need -- >> you are putting france squarely in the periphery. [laughter] >> that is where they are. they might not come under pressure from the likes of -- >> france is even more dangerous because they have this -- it has the same problems, people seem to ignore it and france is much bigger. this is no italy or spain. this is france. >> if you do not push the euro problem down, you could have deflation down the road. what does that do to these targets? it could be well out of their hands. if we fall into deflation, what happens -- >> it is still very exciting to leaders,airly young the new prime minister of france and matteo renzi, trying to get the act together for these countries. renzi is the youngest prime minister, fairly young, 38. >> 38 is fairly young. >> very diplomatic, jon ferro. >> going back to the bond market, this

global financial crisis coming in 2007 has been a major failure. the queen of england in 2009 asked a very important practice coming so i'm posing the same question to madam lagarde and mr. lipscomb, what make sure the experience in 2007, 2009? >> very good question. >> thank you for your question. because that is one i have in my up. am i going to with the help of everyone at the imf be able to spot where the next crisis is coming from? what i'm certain of is there will be more crises coming for sure. and we know there will be activity coming in the near future. where will it come from? what will prompt it? what kind of other subprime that we are not seeing today will emerge that will shock us that will be a stress for our economies okay? so you ask me what do we do about it? first of all, we have learned a little bit. so all the departments are alerted to that. they have this additional sense that they have to open their eyes, their ears, their models to try to spot what is the unknown, what is the black swan out there that we're not seeing. in a

the world really wasn't in crisis. so we'll see how that goes. but we could have chosen a sunnier name. but let's face it, as reuben frank, the great long-time nbc news pioneer, once said, sunshine is a weather report, a flood is news. and so we're fortunate today to have some experts in world floods. let me begin by introducing -- if you look up foreign policy experts in the dictionary you'll find these three games' names there. jerry green to my left, head of the pacific council on international policy and professor at usc. before coming to usc, he was at the rand corporation. among other things, jerry is a middle east expert. a fulbright fellow years nothing egypt and spent three areas in israel. he also did field research in tehran on the iranian revolution. and is actually going back there later this year. little known fact, he is a technical advisor on the call of duty video game series. so, appearances can be deceiving. he can waste you. be careful. greg trebberton is currently at the rand corporation, a senior

the financial crisis, i think, left us with a lot of headwinds

that is a consistent theme of the financial crisis. not only were these guys not prosecuted, they got to keep all of the ill-gotten gains they made during these periods. >> you call that chapter "the greatest tank robbery you never heard of." >> there was something that happened at the lehman brothers when the company went out of business. they're essentially was a merger with the british tank parkways -- british bank barclays. there was an episode where a series of lehman brothers insiders agreed to take upwards of $300 million in compensation -- and future compensation from barclays before they did the process of evaluating for the sales at barclays. took jobs atey barclays and basically marked on the price of barclays so the lehman creditors got less money in the end. if you lost money in the lehman debacle, you can probably lay some of the blame at the feet of those executives. >> and so shady, didn't most of this happen in the middle of the night? >> they struck many of the deals with the lehman insiders before dawn on the day of

para que su crisis de los 40 brille. ♪ crisis, yo no tengo crisis ♪ ♪ crisis, yo no tengo na'a ♪ tide con blanqueador, ese es mi tide plus. ♪. >>> tal vez la más bella celebración de un gol se vio en la final de españa 82 entre españa y alemania, la explosividad e su festejo, era el segundo tanto del 3 a 1 final para italia y el éxtasis de la conquista quedó registrado como una de las imágenes más bellas en la historia del fútbol . >>> es que sólo faltan 47 días para el mundial de brasil 2014,muy evento que usted podrá ver por supuesto en univisión . >>> el barcelona despidió a tito villanova, un acto muy sentido, apenas 45 años. >>> todo el mundo del deporte se ha unido al dolor por la pérdida de un hombre que era querido y respetado tito fue enterrado en su pueblo natal. >>> fueron dos años y medio de incanzabble lucha, que terminó por llevarse su cuerpo, pero jamás podrá borrar su legado. >>> el mejor barcelona tal vez de la historia y uno de los mejores equipos de fútbol . >>> un hombre espetado por todos, sin importar el escudo . >>> terminamos en a provinc

in times of crisis, playing the prime minister. after a crushing weekend at the poll, some say the shakeup isn't enough to save francois hollande's government. clark's the reaction is essentially political suicide. -- >> the reaction is essentially political suicide. we will eventually see a minority in the country. >> accused of amateurism, he is seen as lacking the essential mix of energy and authority. francois hollande hopes that his land of social toughness and politicos some -- of social toughness will help you -- will help. now he is supposed to leave the interior ministry since the failure to go head up the government. it is really an odd choice. news of his appointment was met with mixed reactions. some more believable. he stands by his convictions. clark's he believes a more just france, which we need today. >> it seems aggressive to me but we will see. i'm a little too aggressive to some ministers -- >> a little too aggressive to some ministers. that transfer of power will be taking place later today. how much ceremony s