Now he compares the constitutional model of the United States and the uk. Please welcome good evening, when the french Political Writer visited the United States in the 1930s, 1830s, forgive me. One of the things that struck him most forcibly was the space occupied by employers in the public life of the nation. In his classic account of early american democracy they suggest is that lawyers task as exceeded of the old landed aristocracy. They share the habits and above all they shared contempt for popular opinion. The more we reflect on all that occurs in the United States the more we will find that the lawyers as a form the most powerful if not for the democratic element in the constitution. There isnt that something that doesnt resolve itself through a judicial question. There is only one other country that they could think of where it enjoyed a comfortable influence over Public Affairs and that country was written. A new addition for the day would probably make the same point. The tw
Inefficient system. There were, i think, a couple of months ago somebody looked at the Baltimore City jail and found that there were over 100 people there who were incarcerated for awaiting trial because they couldnt make bond of 100. The money bail system discriminates against poor people. It fails to take into account the most important criteria, the most important things we want to know when thinking about deta detaining somebody before trial, is the person likely to show up for trial, number within. Number two, is the person going to offend while he and i say he advisedly, its almost always he while he gets bail. What the Arnold Foundation has done great work, Excellent Way of using data, big data. Looked at over 1. 5 million cases and trieded to determine what would be priedictive of whether somebody vee late or offend out on bail and show up for trial. And the factors arent what you might intuitively think what judges think. Well, he lives with his mother, sure hes going to show
And. And were going to get another good snapshot of the retail world in about at hon when j. C. Penney and nordstrom both report. J. C. Penneys continue toss bite out from the very deep hole it dug for itself. With an hour to go in markets, the Dow Jones Industrial average up about 49 points this hour, the s p adding about seven, the knead dab is up 14. Were keeping a close eye on the rate space. Watching oil, scott, looking for whats driving, what is the catalyst in this market. Joins us now, steve crawl, cnbc contributors Heather Hughes and great, and todd saldoni, and yes, of course our own rick santelli. Whether its iraq. Well, the good news about that is its going to force Interest Rates to the fed can only do one and do at the most, and so youre going to force investors to put money into stocks, bonds and junk bonds. In light of whats happened, especially . Germany, flirting with a 1 mark, you think that tenyear rate could go . And probably the key is it will probably stay below