Breaking soviet codes one thing they unquestionably did, i dont say this facetiously at all, provide huge stimulus to the us computer industry, the first magnetic drum memory, the first magnetic core memory, 1 highspeed tape drive, the first all transistor computer, first computer work station, first desktop computer, first highspeed modem and the first supercomputers were all built to meet nsa contract and requirements and only later made their way to the commercial market. You can watch this and other programs online at booktv. Org. [inaudible conversations] [inaudible conversations] good afternoon. Welcome to the Heritage Foundation, welcome to those who join us on our heritage. Org website and those joining us on booktv at a future location. We ask everyone to be courteous and check that your mobile devices have been silenced or turned off as we prepared to begin. For those online or in the future you will send questions or comments at any time by emailing speaker heritage. Org and
A republic no more Big Government and the rise of american political corruption by jay cost. My name is john samples. Icann would like to welcome you to our event today for this very important book. If you read the book florins before today come the day will proceed in many ways save his fellow other bookworms have. You would hear from some participated in the there will be a questionandanswer session about 1 00 and also one other thing like our other events, please turn off our cell phones now so we can have the event in peace and quiet. Some of the things will be different today. We are trying different to us. A different format. Into this particular case, are out there jay cost with a few general sense of the lay of the land. Mycobacteria and Chris Edwards and they will for a few minutes give you some impressions of the book and then work how much a increase will have a conversation about the spread of a little corruption in america a republic no more. I look at the administrative s
But first lets get you up to speed on other stories. Joe was talking about apple. It has been a rough ten weeks for the most valuable u. S. Company. Shares tumbling more than 6 yesterday shedding 35 billion of market value. Among the reasons cited by analysts, a forecast by an Influential Research firm suggesting that the iphone and ipad maker is continuing to give up ground it rival the android gadgets. There were also unconfirmed reports that at least one major stock Clearing House was raising margin requirements. And then theres the fiscal cliff. Analysts citing fears about a hike in Capital Gains tax in 2013. Rick santelli has been talking about this, though, the things that were up in 2012, those are the things being sold now, whether that be gold or any number of assets that rose appreciably over the course of the last year. Well be talking about the future of apple and the outlook for its stock a little later this morning with Jonathan Geller of the boy genius report. Good old b
When you have leaders of parties and people from the administration saying i think it will be to the advantage of the democrats to go off the cliff or i think it will be advantage to the republicans to go off the cliff or the president to go off the cliff, thats like betting your country. Theres stupidity involved in that. Willing to go over the cliff, i guess they are but they also dont believe republicans are going to go over the cliff. He can win politically but the costs, doesnt you agree, would be tremendous not only to him but to the economy and to our country. And we want to bring in and say good morning to congresswoman diane black, a republican from tennessee, a member of the house budget and ways and means committee. Congresswoman, is great to have you with me right now. As we speak, House Minority leader nancy pelosi is giving her briefing this morning. Weep put that up for everybody to see. When we talk about where we are in the staging of all of this, all the drama, the ba
Protection. We have talked on the program here last week about how the fear in the market has been shifting away from fear of losing money, to fear of missing out on the gains. And look at the advertising thats going on at cnbc. The john hancock commercial, the fidelity commercials. They are telling the American Public they need to start investing again. But are they . They are. Absolutely, they are. The money flows youre seeing a flow coming in . Absolutely, without a doubt. And you see that the leading indicators, the s p are traditional venues of the individual investor. Psychologically, what would it mean if we close lower, because we are heading lower. Right now, we only have a onepoint gain. I would not worry about closing lower. As a matter of fact, i think for the Overall Health of the market, we would be in a much better place if we did. All right. Well see what happens here. Ben, thank you very much. Weve got 20 seconds left and its going to be another one of those days, sue