in the united states i am sure you are very aware that we are in the midst of significant budget battles and dysfunctions one might say, and for those of us who watched defense we are particularly the implications of that for u.s. defense strategy and planning. i m wondering how you would describe the cuts in defense in canada. i don t think you have quite the political environment we do right now but surely you must have the same sense of general interest in how canada plans to go forward and again strategically where canada wants to be in terms of its role in the world and how to underwrite that with military capability. i would love to hear a little bit about the efforts underway in canada including your own defense reform initiative. that looks to cut inefficiencies to free up some funds. good for you you ve got the name right. the defense renewal team has worked a year. one of the first tasks in taking on this position was the direction to maintain everyone and the n
a day else a portion of the sheriff shared lending to small and microbusinesses. because of that 4 billion-dollar investment in 332 institutions across the country community banks or cdfi loan funds, we have seen positive returns for taxpayers so this is no cost to the taxpayer and we are also seeing that lending has increased by more than $10 billion so we take that $4 billion investment. as a result the institutions have loaned more than $10 million above and beyond the lending that they were doing beforehand. what that actually turns into is around 41,000 new loans to small businesses. it also means that of those loans, i think we are somewhere around 65 or 70% of those loans were below $100,000, so these are actually loans that are going to the smallest of small businesses, not midsize businesses that getting the businesses that are going to be the job creators and are the job creators. we also invested through another program called the state small-business credit initia
the american enterprise institute beginning at 1:30 p.m. eastern here on c-span2. c-span, created by america s cable companies this 1979, brought to you as a public service by your television provider. host: and best selling author tom standage has a new book out, and it s called writing on the wall. tom standage, what do cicero and twitter have in common? guest: well, the idea of the book is that social media is a very old idea. we think that it s recent and only people alive today have ever done it. but really what i m arguing is there s a very long and rich tradition of social media that goes back to the era of cicero, so that s the first century b.c., and the point is that you don t need a digital network to do social media. if you have one, it goes faster, but you could actually do it in the old days. cicero did it with papyrus rolls and ore members other members of the roman elites were linked to him and all spoke to each other, and it s very much a social env
in today s first look: the market in crisis mode over syria. the volitility index raced up 12%.. as fear and anxiety strike stocks. the dow plunged in a triple digit fall. the nasdaq had its worst point drop of the year.. and the s&p broke through technical support. gold futures pushed up $23 and oil spiked close to $109 dollars per barrel. jcp posted a record trading day with near 100million shares changing hands. it follows a report activist investor bill ackman sold his entire stake the retailer. the stock closed down 18 cents around $13.00. and walgreen is accused of overcharging customers and using false advertising. the lawsuit was filed yesteray by the attornery general of missouri. walgreen will fight the charges. for more on the market reaction to syria, larry shover of sfg alternatives joins us. good morning larry. what is the market telling us about the situation. > >the market is saying they don t know what s going to happen. yesterday the news reports really did
didn t have the courage to vote for impeachment. and one of the votes that i think was the most telling was the vote about witnesses, and it was 51-49, so close, with two of the republicans saying, at least get the facts out. at least get the witnesses so we know what s happening. and they refused to do that. and i thought that was just really, really sad moment for our country because we know one of them, john bolton, actually said that he wanted to testify. he was in the room when it happened, and they refused to listen to that. so to me, if you re innocent, you want to put people forward that work with you, and then i d say the second thing was just the courage that we saw in those votes. the courage of my friend doug jones, the senator from alabama who is facing reelection and just said he knew it was the right thing to do. and he voted to impeach. the courage of mitt romney, the senator from utah and former governor of your neighboring state of massachusetts, who also ha