Rose welcome to the program, first the meaning of the sequester, with Lawrence Summers former secretary of the treasury, former Economic Advisor of president obama, and former president of harvard university. And president obama believes there are some very important principles here about what kind of process there should be as the president negotiates with congress, about the need for balance between spending and revenues as we address national problems, about hooking at all different areas as we adess these things. Rose and do you believe and protecting the middle class at a time when inequality in our country really has taken off in a very, very dramatic way. Rose we conclude with rethinking education with sal khan, founder of khan academy, his new book is called the one world schoolhouse education reimagined. You know, especially if you talk about some of the core College Course office the late High School Course it is things right now you have 75, 70 percent ostudtsho go t Communi
From our studios in new york city, this is charlie rose. Rose Lawrence Summers is here, he is a professor at harvard, where he was president from 2001 to 2006. He was treasury secretary under president clinton and returned to the white house in 2009 as advisor of the National Economic council, in that role he was central to president obamas the response to the financial crisis, he is here to talk about the scwes officer imposed in summer of 2011 and intended as a consequence so unacceptable congress and the president would have to agree on revenue increases and spending cuts in order to avoid it. With three days to go they have not been able to do that, the first 85 billion about spending cuts will take effect on march 1st, ben bernanke testified to cock earlier today he promised to extend the Federal Reserve stimulus measures and make made a direct appeal to avoid the sequester. The congress and the administration should consider replacing the sharp front loaded spending cuts required
And getting worse. Despite its air power the assad regime appears increasingly on the defensive against rebel forces which according to israels ambassador to the u. S. Include a growing number of radical islamist. The jihadi presence is big and getting bigger. And the longer the conflict goes on there, the bigger it will get. The jihadies are an offshoot of al qaeda in iraq which ones fought a no holds bar battle against american troops. According to Jeffrey White a former analyst for the Defense Intelligence agency, they are now turning the tide against the assad regime. They are very good fighters. They give the rebels a combat edge. They are quite willing to die, and they fight on all key fronts. Theyre involved in many of the key actions. These are not people we want to win. Reporter with the rebels making inroads on damascus itself, monitoring of syrian bases like this where chemical weapons are stored has detected evidence the assad regime may be preparing to use them in a last d
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To deposit checks from anywhere. [ wind howling ] easier than actually going to the bank. Mobile check deposit. Easier banking. Standard at citibank. If the president would like a window on the most threatening problem in america, hell find it in wilmington, ohio, where unemployment has reached levels not seen in decades. Its a company town, and the company is leaving. You just have to start doing, and you do without things, and. Your son drops out of college early. He dropped out of college. Yeah, we had to we had to pull him. [ticking] of all the bakeries in america, this one takes the cake, not only for the way it runs its 5 millionayear business, but for taking otherwise unproductive members of society off the streets and putting them to work baking up a storm for a clientele that includes some of new yorks best restaurants. What also makes this bakery different is that the dough they work with produces some of the dough that supports a foundation for the needy. Welcome to 60 minut