close eye on europe saying we could see a wave of default sweeping europe what should business leaders be doing to position themselves towards success? the number one issue is slow growth. they don t think there s going to be default. there s problem in europe. the fears of a global slowdown in growth here and around the world. that s what business leaders are adjusting to. that s why we would like at no labels and other organizations would like to see the leaders rise to the occasion and talk about solutions. this is not a time for finger pointing. robert caplan formerly of goldman sarks and the author of what to ask the person in the mirror ark book on leadership. thank you for coming in. thank you. a tragic day for the proud community of navy s.e.a.l.s and their family. 22 s.e.a.l.s are among the 30 american troops killed in a horrific helicopter crash. i m joined now by retired u.s.
even pessimism on the parts of investors. a massive selloff. we ll wait to hear from the president in half an hour. robert caplan is a professor of business practice. former vice chairman of goldman sachs. the treasury secretary faulted the s&p. he said they don t know what they re doing when it comes to budgetary math. is there real credibility in what is s&p is saying? we all know s&p s credibility was hurt badly many the last three to five years. having said that, they put the united states on credit watch in april. and i think this was a matter of time they were going to do this. i think whether s&p was right or wrong is beside the point meaning our problem of a week ago before the downkbrad is the same as it is today. which is? deleverage our government and still grow the economy. and i think once there was not going to be a grand bargain of $4 trillion, i think it was just a matter of time it could have
memories of their loved ones. i m proud that i will get to carry on his legacy through our children. he honestly believed and saw black and white that what we re involved in, he told me this is a a war for the survival of our republic. if there is a a comfort in the situation, i m so proud of my son. so very proud of him. they make huge sacrifices for us above and beyond. our kids need to know that. we will continue to relentlessly pursuit the enemy. i m joined now from kabul. what are you learning about what happened? reporter: nato s finally giving us a glimpse into what really happened in that overnight raid on saturday that killed 389 men. what we do know is there was an army rangers unit fighting the taliban. that s when this re-enforcement unit came in to help them because they were pinned down fighting the taliban. while their helicopter approached the area of attack, that s when the taliban fired a rocket propoled grenade bringing that ch-47 chinook heli
eight afghans. today grieving families share memories of their loved ones. i m proud that i will get to carry on his legacy through our children. he honestly believed and saw black and white that what we re involved in, he told me this is a a war for the survival of our republic. if there is a a comfort in the situation, i m so proud of my son. so very proud of him. they make huge sacrifices for us above and beyond. our kids need to know that. we will continue to relentlessly pursuit the enemy. i m joined now from kabul. what are you learning about what happened? reporter: nato s finally giving us a glimpse into what really happened in that overnight raid on saturday that killed 389 men. what we do know is there was an army rangers unit fighting the taliban. that s when this re-enforcement unit came in to help them because they were pinned down fighting the taliban. while their helicopter approached the area of attack, that s when the taliban fired a rocket prop
president obama but the american economy. we re barely out of the worst recession since the 1930s and the light at the end of the tunnel looks dim. unemployment is still higher today, 16 months into the so-called recovery, than it was in the worst moments of all but one postwar recession. now, many experts think this pessimism will go away once the economy bounces back. but you read the polls, many americans believe that we re in the midst of something that is more than a cyclical downturn. it is a structural shift that is hollowing out the american middle class. for them the american dream is fading. i happen to think that the experts are wrong and most americans are right. now, why is this happening? there are two big forces at work in the world today. the first is technology. technology, particularly information technology, did not actually create massive efficiencies in corporations until the mid to late 1990s. then it began and now it s become a tidal wave of efficiency.