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Plunge into the web search business. and all that personalized data that they have exclusively with all the facebook users. how much of a risk is this? >> first up there's been a disappointing reaction from investors that facebook didn't launch a smart phone. fwhut process does have potential. it's a way into the business that's been dominant about google that owns 75% of the search capacity out. there but facebook basically is telling you you're not going to find a recipe of such out there. you're going to be able to find a restaurant recommendation. so it's using the information that we put ...

Economist, noble laureate, university of chicago who looked at this closely and shade why aren't we get growth coming and cited europe, and fell off the growth path around 3% after world war ii and he concluded, as jason was just suggesting, the welfare commitments they'd made. it was unsustainable and the growth rate dropped permanently and lucas raised the question whether the united states itself was on this lower, long-term growth path. that's the question. >> so, jason, what's-- where do we go from here? particularly if you're conservative, what are your-- where does the comeback begin? d...

We're in a serious global growth compression period, and we need to pivot both in the united states and around the world to pro-growth reflationary strategies. >> jay, you reference that report, which i was looking at as well. what is the underlying growth rate, what does that mean exactly, and what can we do to bring it back up to the 4% where it was? >> essentially it means that the dynamics of the economy, the demographics, the productivity growth rate, the key things that drive economic growth are such that we have a 2% growth path in front of us in part because when you think about the '9...

china have hit a brick wall. why and who will take their place as the next hot emerging markets? then andrew sullivan on why he had to wait almost 20 years to get a green card in the united states. it's a fascinating, troubling story. we're also going to look at the war on drugs in mexico. could it actually be working? first, here's my take. a new poll in the united states shows that americans are still deeply frustrated at the slow pace of the economic recovery. that's understandable. unemployment stays stubbornly high. i was just in europe, and they think america is booming. co...

states. it's a fascinating, troubling story. we're also going to look at the war on drugs in mexico. could it actually be working? first, here's my take. a new poll in the united states shows that americans are still deeply frustrated at the slow pace of the economic recovery. that's understandable. unemployment stays stubbornly high. i was just in europe, and they think america is booming. consider this. the u.s. economy is on track to grow between 2% and 3% this year. in europe, by contrast, half the euro zone economies are going to actually shrink this year and not one major europ...