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On every day, especially food and clothing. so joining us now is gordon chang, he writes about international affairs, a columnist at forbes.com and joins us now from new york. thank you for joining us, sir. listen. can we feel it this fast? seems like it came very quickly. price of oil and clothing going up. >> that's the way the global markets work. and part of the reason is because people are concerned. it's not just libya and its 1.8 million barrels a day. people are concerned about the affect on algeria and of course saudi arabia. at the present time, saudi arabia is making up for the lost...

On every day, especially food and clothing. so joining us now is gordon chang, he writes about international affairs, a columnist at forbes.com and joins us now from new york. thank you for joining us, sir. listen. can we feel it this fast? seems like it came very quickly. price of oil and clothing going up. >> that's the way the global markets work. and part of the reason is because people are concerned. it's not just libya and its 1.8 million barrels a day. people are concerned about the affect on algeria and of course saudi arabia. at the present time, saudi arabia is making up for the lost...

On every day, especially food and clothing. so joining us now is gordon chang, he writes about international affairs, a columnist at forbes.com and joins us now from new york. thank you for joining us, sir. listen. can we feel it this fast? seems like it came very quickly. price of oil and clothing going up. >> that's the way the global markets work. and part of the reason is because people are concerned. it's not just libya and its 1.8 million barrels a day. people are concerned about the affect on algeria and of course saudi arabia. at the present time, saudi arabia is making up for the lost...

14th amendment. what we lack is a state check on federal power. it just equalizes the playing fe field. >> we elect members to the house of representatives and senate. i want to come back to the two key provisions here. states can get together and override a congressional enactment and you want to take away the power of the federal government to tax which as we all know for better or worse is the income tax which is the critical provision and you take those away and the capacity of the federal government to lead us in a coherent way disappears. >> that proposal, which was one of ten proposals ...

>> shepard: it's 330 teem on the east coast. bottom of the hour, time for the top ofs news on "studio b" with shepard smith. a newly released pentagon report says china is already substantial military is growing larger and more effective and the reach and funding is on the rise. a new fleet of nuclear powered attack submarines, state-of-the-art weapons and so on. early this month we learned china is developing a missile capable of sinking an aircraft carrier but the pentagon is concerned what with it does not know. with us, the forbes.com columnist gordon change, author of the coming collapse ...