Shes a princess shes a princess modernday princess hi, everybody, welcome to on the money, im maria bartiromo. The president makes a personal decision. Why there is controversy over his choice for treasury secretary. And another washington battle could loom. And the cost of higher educati education. And how one Ivy League Institution is fighting. My conversation with the president of harvard. And whats the buzz . The buzz feed that is. The company that wants to be the next media giant and how it plans on getting there. On the money begins right now. This is americas numberone Financial News program. On the money. Now, maria bartiromo. Heres a look whats making news as we head into a new week kwgsz on the money a changing of the guard at the most important post in the obama administration. The president nominated his chief of staff, jack lew to, replace timothy geithner. Lew has been the budget director for both president ses clinton and obama. He is viewed as a experienced and hand in
Author of the economist and jerry webman, chief economist at oppenheimer funds. Thanks for joining us. Hi. Greg, let me kick this up with you. President obamas pick for treasury secretary, chief of staff, jack lew, will take over for timothy geithner. Is this a missed opportunity to be friendly to business, the business community, or is this a new call since it appears that nobody on earth knows this better than mr. Lew. Well, i think jamie dimon would build business between the community which feels a little bit alienated by the administrations firstterm policies and mr. Obama. But what they got is a guy not one of them, but does know the budget really well and the clearly the main challenge on the economic front for the first year is going to be on the fiscal front. Insofar as jack lew has the trust of the president is in power to make deals, i would say that is is a positive. You do have to keep in mind hes not exactly the most trusted or liked person among republican on capitol hil
Author of the economist and jerry webman, chief economist at oppenheimer funds. Thanks for joining us. Hi. Greg, let me kick this up with you. President obamas pick for treasury secretary, chief of staff, jack lew, will take over for timothy geithner. Is this a missed opportunity to be friendly to business, the business community, or is this a new call since it appears that nobody on earth knows this better than mr. Lew. Well, i think jamie dimon would build business between the community which feels a little bit alienated by the administrations firstterm policies and mr. Obama. But what they got is a guy not one of them, but does know the budget really well and the clearly the main challenge on the economic front for the first year is going to be on the fiscal front. Insofar as jack lew has the trust of the president is in power to make deals, i would say that is is a positive. You do have to keep in mind hes not exactly the most trusted or liked person among republican on capitol hil
Well, first, i want to thank the new America Foundation for having us. I am particular and very honored to be a moderator because up until now, this late date in my career, no ones ever found my moderate enough in my views to be a moderators. [laughter] im really happy tonight, the first time i like to moderate a panel, and its, obviously, a great honor to talk about this on the 50th anniversary, and, obviously, its a book that has put this bark on the culture and its a very, very rare book that makes the argument that it changed peoples lives. Its under criticism for affecting a group of small people for not talking about working class women who had no choice but to work all along and not talking about people of other sexual preferences finding themselves askew or outside conventional life. What i want to do today is talk about the ongoing power of the classic, and i recently taught this book to the undergrads at nyu who some of a couple here in the audience who did not ever hesitate
Dispair. In his american assumption, there was a version of the creed of exceptionalism that scholars came to regard as uniquely american, escaped from the rise and fall of history and universal opportunity for individuals, endless progress for the nation, and yet split historical second in the heat of radical reconstruction, they maintained that the american assumption was temporarily counterbalanced, alarmed by the return to congress in 1866 of unreconstructed southerners who might repudiate the civil war debt and almost certainly reduce the national tariff, they characterized northern industry has frightened and moving towards the stand which abolition democracy had already taken, namely temporary dictatorship, endowed negro education, legal civil rights, and eventually votes for negroes to offset the southern threat of economic attack. The american assumption was from radical reconstruction whether it was special order number 15 giving emancipated slaves possession their titles to