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Have quite frankly, they have, they have more broader powers and they oversee basically all of government where our on our side we have the classified side. That is one of challenges i think a lot of our members did not know. Because we are the holder of the place where you can bring top secret information were working with folks who have been bringing us information over the last several months. Reporter [inaudible] yeah. So i didnt see the interview but im not sure that, i dont think anybody has reported on the fact of this investigation or this inquiry moving forward until just now. As far as i know no one knew about that. Reporter [inaudible]. Said exclusively the democratic leader nancy pelosi, steny hoyer is not the person filing. This looks like more of a fishing expedition to democrats. What will it do for any remnants of bipartisanship on either your committee or the Oversight Committee . Well our job here is to get ....
Director of the cbo. Hes been in front of us many times. We always find his views and positions extremely enlightening. Enlightening. Its wonderful to have dug with the spirit and its also good to have Glenn Hubbard with us it was dean of, sorry, dean at Russell Carson professor of finance and economics of the columbia business school, and is a past chair of the cea under george w. Bush. And finally we have our moderator Michael Peterson who is the ceo and president of the Peterson Foundation. Michael oversees a strategy for the foundation, and look at the key fiscal policy challenges that we all face, michael and the foundation are longtime supporters and backers of nabe, and were delighted to have you again michael. So over to you. Okay, thank you. [applause ....
American actor sean payton is sean penn is set to receive a Lifetime Achievement award tonight. We begin in brussels where eurozone finance ministers are preparing for a meeting to try to solve the crisis over greeces bailout deal. They put forth a proposal for the sixmonth extension of the eurozone program instead of renewing the existing deal. However, germany has firmly rejected any such move. Reporter battling it out to find a lastminute compromise. After germany gave a resounding nein, europes finance ministers are working on a takeitorleaveit program for athens. Greece could run out of funds by march, not to mention increasing fears of bank runs. They called the extension request a trojan horse. Germanys economic minister took a more diplomatic approach. This offer is not sufficient. It lacks concrete measures that need to be taken in grace. Reporter germany has the clout to block a deal, which could further isolate gr ....
Tenyear continues to inch higher, now above 2. 11. The markets, two losing sessions in a row, but stocks edging higheren its a big day for the ecb, detailing stimulus plan. Draghi is speaking now. Costco beat the street and samestore sales stronger than expect. Shares are up in premarket. 21 billion zeal in biotech. Abbvie wins the war but the stock takes a dive. Jobless claims coming in higher than expected as more americans filed claims for unemployment benefits. Mario draghi speaking now in cypress, detailing the ecbs plan for stimulus. Euro strengthening after hitting 11year lows to 1. 10 but raising gdp for this year, i think, to 1. 5, right . 1. 9 and 1. 5 for next year . Its funny to see this is something that theyve been talking about, and now, as ive been saying, plants growing in europe. No longer green chutes but deflation versus inflation. Need so get some inflation, thats their plan. Theyll do. I also think this is going to bring the euro down to a dollar. You know theres ....
Pirates are on board. Today is a big day in the history of business. The mac computer turns 30 years old. Steve jobs unveiled the first macintosh computer on this day in 1984. It essentially began the modern era of the pc, which is going through a bit of a crisis right now. It is knows the price apples growth comes mostly from mobile devices. It is worth a few seconds of your time to look back at our old friend mac. Time, i, for the first would like to show you macintosh in person. Hello. I am macintosh. [applause] that is what a computer is to meet, the equivalent of a bicycle for our minds. Sell the first sales drop in 10 years for the mac. 10 years ago, it made it made up nearly 60 of apple revenue. Today, 12 . That might play as much to the fact that a lot of people by iphones and ipads as much as it does to fewer people buying pcs. Global pc shipments fell 10 last year. Reason why lenovo decided to buy the ibm server unit to expand into other businesses. From a commercial perspect ....