Companies that operate domestically, you see it changing, with Companies Reporting earnings, showing a big improvement in earnings. And i think that will continue through this year. Bruce casman, you probably heard about the debt default or the failure to raise the debt ceiling as bringing about the possibility of economic catastrophe. His words. Do you see it that way . And would the failure to make good on the federal governments obligations even for a couple of days or hours, produce the economic catastrophe that so many seem to fear . I think we have to consider what actually happens. I think if we stop paying our bills and stop paying social security, defense spending, all the things that we do, we would over a period of a few weeks create a fairly significant economic damage that would be far worse than anything were seeing right now. A day or two itself probably wont be such a big deal. I think we have to recognize that. It is 3 to 4 gdp, to increase our debt. If we mention the
Im talking about falling prices. Ofs underlying story disinflation tells you the challenge the ecb has got, the dilemma they face. You have the likes of france, could be falling into recession. We are not just talking about this rift anymore. The ecb needs to do more. You look at all of these kind of numbers, they are not painting a positive picture. If the ecbs mandate is inflation, than it needs to take further policy action. Lets talk about a forecast. Next year, inflation running at 4. 1 . That is well below their 2. 1 inflation target. 2015 forecast, that is important. Everyone response to that is, what is an extended period of time . You have to look at the forecast to gauge. They tell us there is no north south divide. You only have to listen to the do voices coming out of the ecb right now. They all have a different view. The likes of the german central , they seem to be a theirre hawkish because respective countries are doing a lot better than the likes of the greeses and cypr
You are watching cspan2 with politics and public affairs. Weekdays feature live coverage of the u. S. Senate. On weeknights watch key Public Policy events. And every weekend the latest nonfiction authors and books on booktv. You can see past program to get our schedules at our website. You can join in the conversation on social media sites. And now to london for Prime Ministers question time live from the british house of commons. Every wednesday while parliament is in session Prime Minister David Cameron takes questions from members of the house of commons. Prior to question him house is wrapping up a business. This is live coverage on cspan2. This is not only of the Regional Government level but in the Community Level where we see so much of the root causes of the situation. Border. Questions to the Prime Minister. Number one, mr. Speaker. Thank you, mr. Speaker. Im sure the whole house will wish to join in 14 signal regiment who died in afghanistan. It is clear from the tribute that
Cspan, created in 1979 as a public service. James glanz is an Investigative Reporter with the New York Times. Mr. Glanz, what is an internet datacenter . It is a place where all the information you sent out from your communicatocomputer or mobe goes into process and storage. How big are these centers . There actually colossal. Their colossal in the amount of electricity they use. Some use as much electricity as a mediumsized town. It is a very secretive industry. They tend to be hiding in plain sight. Littlees youll see diesel generators on the side. Those are backup power supplies. And it is a data center. Were those located at the road theyre all over the place. Theyre in high rises in cities, in greenfield sites out in suburban areas, there tucked away in the back of offices. They are the way that most commerce takes place now. Everyone has to have one. There are concentrations of the in the country. Northern virginia, silicon valley. Theyre everywhere at this point. Who runs them .