This is an explanation for the political crisis. The European Union has not solved the problem that it is a community of a federation of separate states. It is undecided what it is, is it a federation or is the day assembly of separate states . This is the major problem of the European Union for the time being, this and salt structural question. This plays a major role this unsolved structural question. At the end, you need all people on board to give access to country. The problem with the European Union is, because you need it to be unanimous, concerning macedonia, you know your neighbor has enormous problems with the name macedonia. But in macedonia, we should be honored. I had the biggest hope that macedonia could become a wonderful example for a multi ethnic, a country with a multi Ethnic Society and the constitution as a basis for Mutual Respect of the different ethnic in the country, and the kind of political system, reducing the differences by defining common goals and working
Think, central to the next chapter in this transition. I just wanted to comment on that. The second question as it relates to afghanistan is one that senator boxer raised and her work on this has been exemplary, on women and girls and in particular, i have a an amendment that we got through the National Defense authorization act which would require both state and defense to file a report on the efforts to promote the security of afghan women and girls just by way of itemization monitoring and responding to changes in womens security that will be part of the report. Secondly, improving gender sensitivity and responsiveness among the Afghan Security forces and increasing the recruitment and retention of women in the Afghan Security forces. So both with regard to the election and women and girls. Senator with respect to women and girls, i had a conversation with senator boxer earlier and with senator cardin, in which i committed to the ongoing significant efforts of secretary that secreta
Now, maria bartiromo. This is whats making news as we head into a new week on the money. Washington has a new watchdog for wall street. President obama has nominated Mary Jo White the head of securities and exchange commission. White is a former prosecutor with a reputation for toughness. She will replace Mary Schapiro and must still be confirmed by the nate. Timothy geithner spent his last day as secretary on friday, stepping down after a tumultuous four years in the financial system. President obamas chief of staff jack lew has been nominated to replace geithner. Every time you turn around the market seems to be setting a new fiveyear high. The Dow Jones Industrial average rose this week thursday and up ten the last of 11 days, while the s p 500 followed suit. The markets continued up on friday. The markets were happy about a battle that seems to be postponed now. The house extended the nations Borrowing Limit until may 19th. The bill now heads to the senate where the e vote is expec
The public and industry. Posed, it isat is the first resolution to identify proliferation of wmd as a threat to International Peace and security. It has all sorts of ramifications and un lingo to do that. Its there. There has to be an understanding to reach out to various communities and it gets over this issue of each being suspicious of one another. A lot of what goes on in the notroliferation world may be a state, but it may be accompanied. It might be an individual research lab or scientist. Is more of an understanding and i think more of an effort. The big change in communication techniques, for instance, that i noticed the between the 2007 report and our current report is that almost all the agencies now average four or five different forms of social media use on these issues. Engaging in trying to find new ways to engage more stakeholders. I dont know how effective that dont dobut if we that, it wont work. . Are we safer today maybe we dont want to know the answer to that questi
Michael, cnbc contributor for destination Wealth Management and Mary Thompson joins us as well. Russ, youre saying its not priced in at this point. What should we be worried about . Its not priced in. Its very hard to find much evidence, either from investors or the sell side that people really expect to go over the fiscal cliff. I think what that means is if we get into the end of the year and looks like negotiations are not going forward, we may not solve this before 2013, were likely to see rise in volatility, likely to see selling. How bad could it be . If you look at what might happened, in other words, we go from an environment where the economy is chugging along, uninspiring but growing 2 , to go over the fiscal cliff which means for that period when were over the fiscal cliff, contracting, that suggests that multiples come down probably as much as 10 . In addition youre likely to see drop in earnings estimates as well. Some real risk if we go over the cliff. A lot. Michael, you