Isnt it . Well, from our perspective at the United States mint, its unsustainable. You cant sustain losses on pennies and nickels and expect to be a Viable Organization that benefits the American People. Welcome to 60 minutes on cnbc. Im leslie stahl. By most accounts, the financial crash of 2008 pushed the u. S. Economy to the brink of collapse. In its aftermath, some of the countrys biggest banks received very big bailouts while large numbers of small local banks failed. This Edition Features a unique inside look at the seizure of a failed bank and a rare interview with one of the men at the center of the 2008 economic crisis and the Recovery Plan that has followed, the chairman of the board of governors of the Federal Reserve system, ben bernanke. Plus, morley safer asks, can america afford the lincoln penny . Well, we begin with bernanke. After the crash of 08, bernanke invoked Emergency Powers, and with unprecedented aggressiveness, hes thrown more than 1 trillion at the crisis. T
Isnt it . Well, from our perspective at the United States mint, its unsustainable. You cant sustain losses on pennies and nickels and expect to be a Viable Organization that benefits the American People. Welcome to 60 minutes on cnbc. Im leslie stahl. By most accounts, the financial crash of 2008 pushed the u. S. Economy to the brink of collapse. In its aftermath, some of the countrys biggest banks received very big bailouts while large numbers of small local banks failed. This Edition Features a unique inside look at the seizure of a failed bank and a rare interview with one of the men at the center of the 2008 economic crisis and the Recovery Plan that has followed, the chairman of the board of governors of the Federal Reserve system, ben bernanke. Plus, morley safer asks, can america afford the lincoln penny . Well, we begin with bernanke. After the crash of 08, bernanke invoked Emergency Powers, and with unprecedented aggressiveness, hes thrown more than 1 trillion at the crisis. T
Launch a National Security council to oversee foreign and security policies. The bill will enable heads of government officers such as ministers to designate information related to National Security. It would only be handled by certain officials. Public officials who leak such information could face a sentence of 10 years. It supports a need for freedom of the press. Journalists would not be penalized for their activities unless they violated the law or used methods deemed extremely improper. The government hopes to pass the bill in the current diet session. A Chinese High Court has upheld a lower courts ruling of life in prison for a disgraced politician. A lower court had handed down the life sentence for the former communist party chief after convicting him of bribery, embezzlement and abuse of power. Bos appeal was heard by a provincial higher peoples court. On friday morning, the court upheld the sentence of life imprisonment against him. Last month a court ruled that bo must serv
Country. Department of labors tracking entrepreneurs. As the president was implementing his spending agenda, that agenda that took us from record high deficits of the bush administration, to record deficits three times higher in the Obama Administration. The number of new establishments, entrepreneurial activity, for the yearending march 2010 march, 2010, was lower than any other year since the series began. Since they began keeping record, mr. Speaker. In 2010 under this administrations stimulus policies, entrepreneurial activity was at the lowest level in america since we began keeping records. I dont mean at the lowest level of people succeeding. I mean the lowest level of people trying. The lowest level of people trying, mr. Speaker. What does it mean about us . What does it mean about our future when we have beaten the enthusiasm to try out of our people . Frightened it out of our people. Mr. Speaker, thats not just a department of labor report. We talk a lot about that. What is i
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