and one of the proposals of vice-presidential nominee paul ryan. jon? jon: jim angle in washington. interesting food for thought there. thanks. you bet. jon s report showing the recovery is still struggling to gain momentum at least when it comes to the employment situation. will the fed intervene? what the truth about these numbers? we have a lot of great questions for our panel today. steve moore, senior economics writer for wall street journal. mike santoli, associate editor of baron s magazine. jeffrey frankel, former member of president clinton s coins sieve economic advisors. welcome to you all. a lot of questions from our viewers about the truth. mike wants to know what is the true number, the real unemployment number all americans should know. you should know all of them. should know they re also estimates. right now the number for august of 96,000 net new jobs is an estimate based on surveys, obviously the 8%
obligation of the broke government, greece continues with reforms and structural change, that is the right recipe. that may be the right recipe for europe but the wrong recipe for papandreou, the broke people don t like the salary and pension cuts they fates, and the prime minister facing a vote of no confidence tonight and some of his own party members wanted him to step down. shepard: live with the president in france in cannes, thank you wendell. the european economy is hanging on by a thread but make no mistake it could have a major effect on the economy here in the united states. for more on that we go to associate editor of baron s. how do you see this, now? reporter: it is more sure than when we thought the broke citizens would have to vote there is a no-confidence vote pending right now and we will hear later today how that goes
accounts to deal with its own financial troubles. and now to the associate editor of baron s, jon corzine s company, paid for the negotiation of his contracts on his side, they gave him $375,000 in legal bills. this man is in trouble, isn t he? guest: potentially. we have to figure out what happened in the last days when mf global faced the possibility of bankruptcy trying to sell itself and it is, the complicating factor is where could be missing funds be, hung up in other trading pans or bank accounts, and they were trying to dump assets over board to raise cash for themselves and customers and this seems to have been a breach in the wall street between segregated customer sundays and firm funds and that is sacrosanct a chief job of a firm you keep that stuff pauled off from the firm s funds.
martha: great. bob, thank you. [laughter] for sharing that cheery news with us today, thank you, bob. bob o brien from barons baron s. we re getting breaking news that is coming in just moments ago in terms of the search for the baby known as liver lisa irwin. new eyewitnesses are offering the police some possible new leads in this case. we re going to go out to trace gallagher, he is next from the breaking news desk on that. what happened was we were having a meeting, and one guy went postal. went postal and pulled out an ak-47. p . martha: march what an awful morning that was. we re getting the 911 call for help moments after a gunman opened fire in california. p a dy helps defends against occasional constipation, diarrhea, gas and bloating. with the strains of good bacteria