freelander and assistant managing editor at time. stephen, let s start with you. we know europe s debt crisis has a very direct impact on the u.s. economy. with europe s future still uncertain, how much influence do americans, does congress and president obama have on what s really happening around the world right now. not so much. look, a lot of people probably wondering how can a small country like greece and a bigger country like italy throw the entire globally economy into this turmoil. i think the answer to that is it s the first domino to fall. there s a real threat, you kind of get a contagion effect, if italy falls we re now seeing their interest rates rise on their bonds. this will affect other countries like portugal and spain and maybe france and germany. that s where the interconnection comes in. the united states, the banking system here is very interconnected with what s happening in europe. let s explore the contagion for a minute with chrystia. if i get
call this toll-free number now. time now for hits and misses of the week, dorothy. all right. and the department of the interior has let it be known that franklin roosevelt s iconic speech about d-day and our prayer is not welcome on memorial of d-day and extraordinary bureaucratic effort of mentioning god in any of our institution ises one of the most memorable of reasons and one of the most defensive. corps think, thank you, bret? this is a hit for me a few weeks ago on this show. i predicted president obama would not allow the pipeline project to come forward. a million barrels a day from canada into the united states and make us more independent for middle eastern oil and
america s economic future is uncertain. the crisis threatening it is on the other side of the world. welcome to your $$$$$. i m ali velshi. concerns in the european crisis threatening the global economy and certainly the economic recovery in the united states. stephen moore, editorial writer wall street journal, chrystia freelander and assistant managing editor at time. stephen, let s start with you. we know europe s debt crisis has a very direct impact on the u.s. economy. with europe s future still uncertain, how much influence do americans, does congress and president obama have on what s really happening around the world right now. not so much. look, a lot of people probably wondering how can a small country like greece and a bigger country like italy throw the entire globally economy into this turmoil. the answer is it s the first domino to fall. it s a threat where there s a contagion threat. if italy falls we re now seeing their interest rates rise on their bon
south carolina today and suddenly, dozens of protesters rose from the audience and started shouting. police had to escort representative bachmann off the stage, but she returned and finished her speech. she asked the crowd, don t you love the first amendment? and britain s prince william is getting ready for a ninety two new mission and he s being advised to bring toilet paper, by the royal air force. he will complete a six-week mission as a search-and-rescue pilot. the crew is being advised to bring their own warm clothes, toothpaste and toilet paper. the obama administration punts. the administration says it will study alternate routes for the controversial keystone xl pipeline, so a final decision will be delayed until after the 2012 election. they will conduct the 12 to 18-month study. the $7 billion pipeline project would bring oil from canada to refineries in the southern
south carolina today and suddenly, dozens of protesters rose from the audience and started shouting. police had to escort representative bachmann off the stage, but she returned and finished her speech. she asked the crowd, don t you love the first amendment? and britain s prince william is getting ready for a ninety two new mission and he s being advised to bring toilet paper, by the royal air force. he will complete a six-week mission as a search-and-rescue pilot. the crew is being advised to bring their own warm clothes, toothpaste and toilet paper. the obama administration punts. the administration says it will study alternate routes for the controversial keystone xl pipeline, so a final decision will be delayed until after the 2012 election. they will conduct the 12 to 18-month study. the $7 billion pipeline project would bring oil from canada to refineries in the southern