Author of big, hot, cheap and right, and what america can learn from the strange genius of texas. [inaudible conversations] good morning. Im glen, the directer of the school of journalism at the university of texas at austin. I welcome you. Theres two superb authors here to morning to talk about the state of the union where we went wrong. We have 45 minutes, but could spend 45 hours on this. We better get rolling. Ill introduce the writers, ask questions, and i turn it over to you. I want to remind you when the session ends, two authors go to the signing tents, and theres a place to buy copies of the books and take them to the tent and have them signed. Follow us out when we leave. To the left, george packer, staff writer for the new yorker magazine, author of asass sins gate, named one of the ten best books of the year by the New York Times, written two novels and two Nonfiction Books, a play off broadway, and lives this brooklyn, new york, the new book called the unwinding inner hist
From cutting medicare, from cutting medicaid, and from preventing us from creating the millions of jobs that our economy desperately needs. But at the end of the day, what we are really talking about is whether or not this nation is going to become an oligarchic form of society. And what that means, what an oligarchic form of society is about, and has existed in many countries throughout the world, historically many countries in latin america although that has recently changed is you have a nation in which both the economics and politics of the nation are controlled by a handful of billionaire families. Very, very wealthy. And it doesnt matter what party is in power because the real power, economically and politically, rests with a billionaire class. And, mr. President , it seems to me very clearly that unless we act boldly to reverse that trend, we are seeing this country moving in exactly that direction. And one of the reasons for that is that as a result of the disastrous Citizens U
3. 2 . Our road map begins with a 7,000 fine, every single day, thats what gm is paying because the Company Still has not provided enough answers about its ignition switch recall. Its not the only bad headline for gm this morning. More on that. Earnings season is officially under way after alcoa reported its results after the bell. What can the aluminum maker tell us about the rest of the quarter . We will have some answers. Instead of running from facebook, companies are willing to pay a lot more to advertise on the social network. But is that good news for the companys stock . First up, though, some tough news for the auto sector. Toyota recalling more than 6 million vehicles after uncovering five different faulting involving parts ranging from steering to seats and nhtsa fining gm 7,000 a day for missing last weeks deadline to provide information about its recall for defective ignition switches. Morgan stanley cutting gm to underweight today, 33 target, guys, and what is a tough not
Good thursday morning. Its a great one, in fact, as we welcome back diana perez from maternity leave. You look fantastic. Thank you. Im excited to be back. I miss my boys. Big kiss to them. Im happy to be back, though. Youll probably get more sleep now than you do before on maternity leave. I think youre right. Lets get started. We begin now with the latest on the search for Malaysia Airlines flight 370. Bad weather is once again keeping ships and planes from searching an area where a satellite picked up possible objects. Abcs Clayton Sandell is in perth, australia, with the very latest. Reporter 11 aircraft and 5 ships were supposed to be searching the indian ocean off the australian coast here, but now bad weather has moved into the area temporarily cutting short the search for what malaysian Authorities Say is their best lead yet. New images from a french satellite show more than 120 pieces of something in the water in the indian ocean, but they havent been found yet, and its not cl
And the public ceremonies will be held here on the west side of the capitol. And that swearing in will be held in about a week officially it will be held on the 20th but that falls on a sunday this year so the public ceremonies and parade will be held on monday 21st. Of course president obama and Vice President biden swearing in for their second terms will be the 57th inauguration and you can watch the public ceremonies including the swearing in at noon eastern here on cspan. Well also show you the luncheon in the u. S. Capitol and the afternoon parade thats going to be up pennsylvania avenue and throughout the day on monday 21st well be take yourg phone calls. You can comment on our Facebook Page and twitter. All of that starting january 21, 7 00 a. M. Eastern. You can listen on cspan radio or watch a live stream on cspan. Org. And Vice President biden is expected to make recommendations to the president this week on how to deal with gun issues in the u. S. California democratic repre