wall street responded with markets closing up way up which leads to the question do we prefer our dollars weak or strong? joining me now to help answer that is josh steiner, former chief of staff for the u.s. treasury during the clinton administration and connie razzi, director of strategic research. weak dollar strong dollar which is preferable? the first thing i would say is if president washington is grateful, he owes a lot to president obama. the reason we re seeing a stronger dollar has to do with the fundamentals of the u.s. economy. our growth is a lot higher than europe. interest rates are still low. unemployment is down. not down as much as we would like certainly in certain population groups and inflation is still low. if you re an investor on the global stage, where would you rather invest? for the last couple of years it s clearly been in the united states and that s led to the
fire. the wildfire has been burning for three weeks now, tearing through almost 250,000 acres. that s about three times the size of atlanta. it s the third largest wildfire in state history. and right now, that blaze is 80% contained. i m craig melvin. here s a look at what s making news. new allegations of corruption this weekend involving the 2010 bp gulf oil spill. the former fbi director is recommending the justice department take another look at that case. freeh says several lawyers involved in awarding money to victims may have been taking kickbacks. and google may be beefing up its own security, according to a new wort report in the washing post. it s encrypting all of its data. apparently the idea here is to protect customer information from snooping by the united states and foreign governments.
ayatollahs sees his economy being crippled. the ayatollah sees there are 50% fewer exports of oil, they see the currency going into the tank. he sees the economy going into a freeh fall and he sees the world for the first time, totally united in opposition to him getting a nuclear weapon. with regard to b.b., my friend for 49 years, the president s met with b.b. a dozen times. he has spoken to netanyahu as much as he s spoken to anybody i was in just before he went to the u.n., i was in a conference call with the president with him talking to b.b. for well over an hour. and stark relief and detail about what was going on. this is a bunch of stuff. look, here s the deal reporter: what does that mean, a bunch of stuff ? he s irish. [laughter] we irish call it malarky. but last thing, the secretary of defense has made it absolutely you can t walk
ayatollahs sees his economy being crippled. the ayatollah sees there are 50% fewer exports of oil, they see the currency going into the tank. he sees the economy going into a freeh fall and he sees the world for the first time, totally united in opposition to him getting a nuclear weapon. with regard to b.b., my friend for 49 years, the president s met with b.b. a dozen times. he has spoken to netanyahu as much as he s spoken to anybody i was in just before he went to the u.n., i was in a conference call with the president with him talking to b.b. for well over an hour. and stark relief and detail about what was going on. this is a bunch of stuff. look, here s the deal reporter: what does that mean, a bunch of stuff ? he s irish. [laughter] we irish call it malarky. but last thing, the secretary of defense has made it
from 409 victories to 298. the university says it will not appeal these sanctions. for the next several years penn state can focus on the work of rebuilding its athletic culture, not worrying about whether or not it is going to a bowl game. with the sanctions imposed today and with the new leadership the university we hope, we intend to insure that that will be the case. reporter: the pen nals come less than two weeks as of the freeh report accused joe paterno and officials concealing allegations against that man, retired assistant coach jerry sandusky who was convicted last month of abusing 10 boys, some on campus. the action comes a day after 900 pound bronze statue of jo-pa was removed outside beaver stadium. it was covered with a tarp and hauled off by a forklift. the school s president says this is part of moving forward. but the paterno family released a same saying that joe paterno has been unfairly tarnished no chance of rebuttal, writing the