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Rick Sautter was one of those officers from the Kirk. | rick sautter was one of. those officers. from the | Rick. Sautter was one of. those officers from the | rick sautter was one of those officers from the kirk. |
That was the last vestige of South Vietnam. And when those flags came down and the American flags went up, that was it, because a Navy ship is sovereign territory. And so that was the last sovereign territory of the Republic of Vietnam. | that was the last vestige of south vietnam and when those flags came down and the, american flags went up that was it because. a navy, ship is sovereign territory and, so that was the, last sovereign territory of the republic of | That was the last, vestige of South Vietnam And when those flags came; down and the American flags went up that was it because, a, Navy ship is sovereign territory And so that was the last sovereign, territory of the Republic of, | that was the last vestige of south vietnam. and when those flags came down and the american flags went up, that was it, because a navy ship is sovereign territory. and so that was the last sovereign territory of the republic of vietnam. |
Captain Kiem Do. | captain kiem | Captain Kiem | captain kiem do. |
Just like having your tuna phone home. | just like having your tuna phone | Just like having your tuna phone | just like having your tuna phone home. |
And also stand still to salute and raise up the American flag, which is - that's the flag that save our life. | and also, stand still to salute and raise up the american flag which is - that's the flag that save our | And also stand still to salute and raise, up the American flag which is - that's the flag. that save our | and also stand still to salute and raise up the american flag, which is - that's the flag that save our life. |
The Vietnamese military officers took off their hats, ripped the stripes off their uniforms, and threw them into the sea. On May 7th, the ships were allowed into Subic Bay. For the refugees, there'd still be a long ways to go. They'd take other ships to Guam. Eventually, most resettled in the United States. | the vietnamese military officers took off their. hats ripped the stripes off their uniforms and threw them into the sea on may 7th the ships were allowed into subic bay for the refugees there'd still be a long ways to go they'd take other ships, to guam eventually. most resettled in. the united | The Vietnamese military officers took; off their hats ripped the stripes off their uniforms and threw them into the sea, On May 7th the ships were allowed into Subic Bay For the refugees. there'd still be a long ways to go, They'd take other ships, to Guam Eventually most resettled in the United | the vietnamese military officers took off their hats, ripped the stripes off their uniforms, and threw them into the sea. on may 7th, the ships were allowed into subic bay. for the refugees, there'd still be a long ways to go. they'd take other ships to guam. eventually, most resettled in the united states. |
I dont know what youve been reading in the news. I dont know how much of a play this evacuation of the Vietnamese navy is getting. But sorry -the whole thing was kind of cool in the way we did it. | i. dont know what youve been reading in the news i dont know how much of. a, play this evacuation of the vietnamese; navy is getting. but sorry. -the whole thing, was kind of cool in, the way we did, | I dont know what youve been reading in the news I dont know how, much of a. play, this evacuation of the Vietnamese navy is getting But sorry -the whole thing was kind, of cool in; the way. we did | i dont know what youve been reading in the news. i dont know how much of a play this evacuation of the vietnamese navy is getting. but sorry -the whole thing was kind of cool in the way we did it. |
What Hugh Doyle and the men of the Kirk didn't know was that there'd been no coverage in the U.S. | what hugh doyle and the men of the kirk didn't know was that there'd been no coverage in the | What Hugh Doyle and the men. of the Kirk didn't. know was that there'd been no coverage in the | what hugh doyle and the men of the kirk didn't know was that there'd been no coverage in the u.s. |
I heard that there was a comment made by Radio Hanoi the other night about an American destroyer who flagrantly stole the Vietnamese navy. | i heard that. there was a comment made, by radio hanoi the other night, about. an american destroyer who flagrantly stole the vietnamese | I heard that there was a comment made by Radio Hanoi the other night about an American, destroyer who; flagrantly stole the Vietnamese | i heard that there was a comment made by radio hanoi the other night about an american destroyer who flagrantly stole the vietnamese navy. |
(Soundbite of laughter) | (soundbite of | (Soundbite of | (soundbite of laughter) |
If you saw that comment, that was USS Kirk. We were the ones that grabbed it. | if you saw that comment that was uss kirk. we were the ones that grabbed | If you saw. that comment that was USS Kirk We were. the ones. that grabbed | if you saw that comment, that was uss kirk. we were the ones that grabbed it. |
It was the USS Kirk that grabbed the South Vietnamese navy, and started the rescue of 20,000 to 30,000 refugees on a humanitarian mission that was forgotten - until now. Joseph Shapiro, NPR News. | it was; the uss kirk that grabbed the south vietnamese navy and started the rescue of, 20,000 to 30,000 refugees on a humanitarian mission that was forgotten - until now joseph shapiro npr | It was the USS Kirk that; grabbed. the South Vietnamese navy and started the rescue of 20,000 to 30,000 refugees on a humanitarian mission that was forgotten - until now Joseph Shapiro, NPR | it was the uss kirk that grabbed the south vietnamese navy, and started the rescue of 20,000 to 30,000 refugees on a humanitarian mission that was forgotten - until now. joseph shapiro, npr news. |
You can see video and photos of the Kirk, read a timeline of its mission, and hear more tales from the sailors and refugees, at npr.org. | you can see video. and. photos of, the kirk read a timeline of its mission and hear more tales from the sailors and refugees at, | You can see video and photos. of the Kirk read, a timeline of its mission and hear more tales; from the sailors and refugees at | you can see video and photos of the kirk, read a timeline of its mission, and hear more tales from the sailors and refugees, at npr.org. |
From NPR News, this is ALL THINGS CONSIDERED. I'm Melissa Block. | from npr news this, is. all things considered i'm melissa | From NPR, News, this is ALL THINGS CONSIDERED I'm Melissa | from npr news, this is all things considered. i'm melissa block. |
And I'm Michele Norris. | and i'm michele | And I'm Michele | and i'm michele norris. |
The water cooler chat as the week began was all about that giant, silver balloon that drifted 50 miles across Colorado with no six-year-old boy trapped inside. America was chatting because they'd learned that it was all a hoax. A hoax cooked up by the Heene family. Their alleged goal: To land their own reality TV show.... | the water cooler chat as the week began was all about that giant silver balloon that drifted; 50 miles across colorado with no six-year-old boy, trapped inside america was chatting because they'd learned that it was. all a hoax a, hoax cooked up by the heene family their alleged goal: to land their own reality tv show ... | The water cooler chat as the; week began was all about that giant silver, balloon that drifted 50 miles, across Colorado with no six-year-old boy trapped; inside America was chatting because they'd learned that it was all a hoax A. hoax cooked up by the Heene family Their, alleged goal: To land, their own reality TV sh... | the water cooler chat as the week began was all about that giant, silver balloon that drifted 50 miles across colorado with no six-year-old boy trapped inside. america was chatting because they'd learned that it was all a hoax. a hoax cooked up by the heene family. their alleged goal: to land their own reality tv show.... |
(Soundbite of TV Series, �Jon & Kate Plus 8�) | (soundbite of tv series �jon, & kate plus, | (Soundbite of TV Series. �Jon & Kate Plus | (soundbite of tv series, �jon & kate plus 8�) |
It all started with the two of us. | it all started with the two of | It all started with the two of | it all started with the two of us. |
Then we had our beautiful twin girls. | then we had our. beautiful twin, | Then we had our, beautiful twin | then we had our beautiful twin girls. |
Cara and Madelyn. | cara and | Cara and | cara and madelyn. |
Or the prodigious Duggar family of the show �18 Kids and Counting.� | or the prodigious duggar family of the show �18 kids and | Or the prodigious Duggar family of the show �18 Kids and | or the prodigious duggar family of the show �18 kids and counting.� |
(Soundbite of TV Series, �18 Kids and Counting�) | (soundbite of tv series �18 kids and | (Soundbite of TV Series �18 Kids and | (soundbite of tv series, �18 kids and counting�) |
And our children, Josh, Jana, John-David, Jill, Jessa, Jinger, Joseph, Josiah, Joy-Anna... | and, our children josh jana john-david jill jessa jinger joseph josiah | And our children Josh Jana John-David Jill Jessa Jinger Joseph Josiah | and our children, josh, jana, john-david, jill, jessa, jinger, joseph, josiah, joy-anna... |
To find out, let's go straight to the source. Bill Hayes is the founder and president of Figure 8 Films. He's developed both those shows as well as several others and he joins us now. Welcome to the program. | to find out let's go straight to the source bill hayes is the founder and president of figure 8 films he's developed both, those shows as well as several others and he joins us; now welcome to the | To find out let's go straight to the source Bill Hayes is, the, founder and president of Figure 8 Films He's developed both those shows as well, as several others and he, joins us, now Welcome to the | to find out, let's go straight to the source. bill hayes is the founder and president of figure 8 films. he's developed both those shows as well as several others and he joins us now. welcome to the program. |
Thank you very much for having me. | thank you very much for having | Thank you very much for having | thank you very much for having me. |
As auditions go, what do you make of that balloon stunt? Is that the right way to go about getting your own reality TV show? | as auditions go what do, you. make of that balloon stunt? is that, the right way to go about getting your own reality tv | As auditions go what. do you make of that balloon stunt? Is, that the, right way to go about getting your own reality TV | as auditions go, what do you make of that balloon stunt? is that the right way to go about getting your own reality tv show? |
(Soundbite of laughter) | (soundbite of | (Soundbite of | (soundbite of laughter) |
No, and I find it very sad. It's a sort of a reflection of what lengths people will try to go to, to actually be on television, which is a bit of a crazy thing. We would never select somebody like that. One, because of their motivation, and, two, the network requires us to do a background check on everybody, and this f... | no and i find it very sad. it's a sort of a reflection of what lengths, people will try to go to to actually be on television which is a. bit of, a crazy thing we would never select somebody like that one because of their motivation and two the network requires us to do a background; check. on everybody and this family... | No and I find it very sad It's a sort of a reflection of what lengths people will try to go to to actually be on television which is a bit of a crazy thing We. would, never select somebody like that One because of their motivation and. two the network requires us to do, a background check on everybody and this family w... | no, and i find it very sad. it's a sort of a reflection of what lengths people will try to go to, to actually be on television, which is a bit of a crazy thing. we would never select somebody like that. one, because of their motivation, and, two, the network requires us to do a background check on everybody, and this f... |
Well, it sounds like you're looking for regular families but to some degree there has to be something outstanding about them, or in some cases even unusual in the case of these shows because they have really big families. So, how do you balance that? | well it sounds like you're looking for regular families but to some degree there has to be something outstanding about them or in some cases, even unusual in the case, of these shows, because they have really big, families so; how do you balance | Well it sounds like you're looking for regular families but to some degree. there has to be something outstanding, about them or in some cases, even unusual in the case of these shows because they have really big, families So. how do you balance | well, it sounds like you're looking for regular families but to some degree there has to be something outstanding about them, or in some cases even unusual in the case of these shows because they have really big families. so, how do you balance that? |
Well, the word actually we use is not regular, it's relatable. We look for people that our audience can relate to. And then you have to find something that that's extraordinary about their lives so that people will say wow. That's - our job is to create or tell stories with our subjects and we're very much about having... | well the word actually we use is not regular it's relatable we look for people that our audience can relate to and then you have, to find something that that's extraordinary; about their lives so that people will say wow that's - our job is, to create or tell stories with our subjects and we're very much about having o... | Well the word actually we use is not regular it's, relatable We look. for people; that our audience can relate to And then you have. to find something that that's extraordinary. about their lives so that people will say wow That's - our job is to; create or tell stories with our subjects and we're very much about havin... | well, the word actually we use is not regular, it's relatable. we look for people that our audience can relate to. and then you have to find something that that's extraordinary about their lives so that people will say wow. that's - our job is to create or tell stories with our subjects and we're very much about having... |
So, do you find them or do they find you? I mean, is this a case where you don't really want anyone in the club who actually wants to be there? | so do you find them or do they find. you? i mean is this a case where you don't really want anyone in the club who actually. wants to be | So do you find them or do they find you? I mean is. this a case where you don't really want anyone, in the club, who actually wants to be | so, do you find them or do they find you? i mean, is this a case where you don't really want anyone in the club who actually wants to be there? |
You know, I don't want to discourage anyone from reaching out to us with their story. We, a lot - I get submissions every day and I get some crazy ones quite often. The truth is we typically find the stories as opposed to them finding us. | you know i, don't want to discourage anyone from reaching out to us. with their story we, a lot - i get submissions, every day and i get. some crazy ones quite often the truth is we typically find the stories as opposed to them finding | You know I don't want to, discourage anyone from reaching out to us with their story We a lot - I get. submissions every day and, I get some crazy ones quite often The, truth is we typically find the stories as opposed to them finding | you know, i don't want to discourage anyone from reaching out to us with their story. we, a lot - i get submissions every day and i get some crazy ones quite often. the truth is we typically find the stories as opposed to them finding us. |
You get submissions. What do people send in? | you get, submissions what do people send | You get submissions What do people send | you get submissions. what do people send in? |
Oh, goodness. One of my favorites was an optician had sent me a package, and they had this really nice thing to clean your glasses with, which I'm always losing the things to clean my glasses with, so I thought that was great. I couldn't really see doing a television show but at least I got something out of the submiss... | oh goodness one of; my, favorites, was an optician had sent me. a package, and, they had this really. nice. thing to. clean your glasses with which i'm. always losing the things to clean my glasses with so i thought that was great i couldn't really see doing a television show but at least. i got something out of the | Oh. goodness One of my favorites was. an optician had, sent me a package and they had this really nice thing to clean your glasses with which I'm always losing the things to clean my glasses with so I thought that was great I couldn't really see doing a television; show but at least. I got something out of the | oh, goodness. one of my favorites was an optician had sent me a package, and they had this really nice thing to clean your glasses with, which i'm always losing the things to clean my glasses with, so i thought that was great. i couldn't really see doing a television show but at least i got something out of the submiss... |
(Soundbite of laughter) | (soundbite of | (Soundbite. of | (soundbite of laughter) |
But, you know, it's submissions about adopted families, a few weeks ago a guy in prison reached out and wanted to tell his story and wanted to change his life, could be single dads, it could be large, adopted families with way too many animals, just a variety of different people who, God bless them, think they have a s... | but you know it's submissions about adopted families a few weeks ago a. guy in prison reached out and wanted to tell his story and wanted. to change his life could be single; dads it could be large adopted families with way too many animals just. a variety of different people who god bless them think they, have. a stor... | But you know it's submissions about adopted families a few weeks ago a guy in, prison reached out and wanted to tell his story and wanted to, change his life could be single dads it could be large adopted families with way; too many animals just a variety of different people who God bless them think they have a story t... | but, you know, it's submissions about adopted families, a few weeks ago a guy in prison reached out and wanted to tell his story and wanted to change his life, could be single dads, it could be large, adopted families with way too many animals, just a variety of different people who, god bless them, think they have a s... |
You know, there is something perplexing about this because, you know, many of us get hives when we have to prepare for company coming over, you know, does the house look good, do I even have... | you know there is something perplexing about this, because you know many of us get hives when we have to prepare for company coming over you know does the house look good do i even | You know there is something perplexing about this because you know many of us get. hives when we have to prepare for company, coming over you know does. the house look good do I. even. | you know, there is something perplexing about this because, you know, many of us get hives when we have to prepare for company coming over, you know, does the house look good, do i even have... |
I'm with you. Trust me, I... | i'm with you trust me | I'm with you Trust me | i'm with you. trust me, i... |
(Soundbite of laughter) | (soundbite of | (Soundbite of | (soundbite of laughter) |
...food in the refrigerator. In this case, you know, inviting multiple cameras and lights and, you know, everything else that comes along with a major TV production. It makes me wonder why would anyone do this? | ...food in the refrigerator in this case you know. inviting multiple cameras and lights and you know everything else that comes along, with a major tv production it makes me wonder why would anyone do | ...food in the refrigerator In this case; you know inviting multiple cameras. and lights and you know everything else that comes, along with a major, TV production It makes me wonder why would anyone do | ...food in the refrigerator. in this case, you know, inviting multiple cameras and lights and, you know, everything else that comes along with a major tv production. it makes me wonder why would anyone do this? |
Yes, that's clearly a Fed goal here. I mean, what's happened in this economy is people have run away from risk. Nobody wants to take risk. Well, if nobody takes risk, you don't have much of an economy. So clearly one of the things they're trying to do is say, look, if you want to stay in cash, on short-term accounts, g... | yes that's clearly a fed, goal here, i mean what's happened in this economy is people have run away from risk nobody wants to take risk well if nobody takes risk you don't have much of an, economy so. clearly one of, the things they're trying to do is say look if you want to stay in cash on short-term accounts great bu... | Yes that's clearly a Fed goal. here. I mean what's happened in this economy is people have run away from risk Nobody wants to take risk Well if nobody takes risk you don't have much of, an economy So clearly one of, the things they're. trying to do is say look if, you want to stay in cash on short-term accounts great B... | yes, that's clearly a fed goal here. i mean, what's happened in this economy is people have run away from risk. nobody wants to take risk. well, if nobody takes risk, you don't have much of an economy. so clearly one of the things they're trying to do is say, look, if you want to stay in cash, on short-term accounts, g... |
So what they're trying to say is if you want to earn any money on your capital, Mr. and Mrs. investor and corporations and venture capitals et cetera, you've got to take more risks. You've got to put money into the stock market, you've got to start buying corporate bonds as opposed to just hiding in Treasuries. They're... | so what. they're trying to say, is. if you want to earn any money on your capital mr and mrs investor. and corporations and venture capitals, et cetera you've got, to take more risks you've got to put money into the stock market. you've got to start, buying. corporate bonds as opposed to just hiding in treasuries they'... | So what they're trying to say is if you want. to earn any money on your capital Mr and Mrs investor and corporations and venture capitals et cetera you've got to take more risks You've got to put, money, into, the. stock market you've got to start buying corporate bonds as opposed to just hiding in Treasuries They're d... | so what they're trying to say is if you want to earn any money on your capital, mr. and mrs. investor and corporations and venture capitals et cetera, you've got to take more risks. you've got to put money into the stock market, you've got to start buying corporate bonds as opposed to just hiding in treasuries. they're... |
We're talking with Tom Petruno, a financial writer for the Los Angeles Times about the shock and awe move by the Federal Reserve yesterday, and if you'd like to get in on the conversation, give us a call, 800-989-8255. Email us, talk@npr.org. And let's start with Tammy. Tammy's with us from Newark in Delaware. | we're talking with. tom, petruno a financial writer for the. los angeles times about the shock and awe move by the federal reserve yesterday and if you'd like to get in on the conversation give us a call 800-989-8255. email us talk@npr.org and let's start with, tammy tammy's with us from newark in | We're talking with Tom. Petruno a financial writer for the Los Angeles Times about the shock and awe move by the Federal Reserve yesterday and if you'd like to get in on the conversation give us a call 800-989-8255. Email us talk@npr.org And let's start with Tammy Tammy's with us from Newark in | we're talking with tom petruno, a financial writer for the los angeles times about the shock and awe move by the federal reserve yesterday, and if you'd like to get in on the conversation, give us a call, 800-989-8255. email us, talk@npr.org. and let's start with tammy. tammy's with us from newark in delaware. |
Hi. I would just like to know when it would be a good time to refinance my house. | hi i would just like to know when it would. be a good time to refinance my | Hi I would just like to. know when it would be. a. good time to refinance my | hi. i would just like to know when it would be a good time to refinance my house. |
I would say, you definitely want to start looking at refinancing. Some mortgage brokers are quoting rates of under 5 percent now on 30-year loans. The Fed is trying very hard and has emphasized they really want to try to get mortgage rates down more. One thing, one issue, of course, here is banks are not going to give ... | i would say you definitely want to start, looking at refinancing some mortgage, brokers are quoting rates of under 5 percent now on 30-year loans the fed is trying very hard and has emphasized they really want to try to get mortgage rates down more one thing one issue of course here is banks are not going to give mortg... | I would say. you definitely want to start looking at refinancing Some mortgage brokers are, quoting rates of under 5 percent now on 30-year, loans The Fed is trying very hard and has emphasized they. really want to try to get mortgage rates down more One thing one. issue of course here is, banks are not going to give m... | i would say, you definitely want to start looking at refinancing. some mortgage brokers are quoting rates of under 5 percent now on 30-year loans. the fed is trying very hard and has emphasized they really want to try to get mortgage rates down more. one thing, one issue, of course, here is banks are not going to give ... |
Thank you. Thank you so much. | thank you, thank you so | Thank you Thank you so | thank you. thank you so much. |
You're welcome. | you're | You're | you're welcome. |
I should - it shouldn't behoove me - I was going to wait for them to drop lower but... | i should; - it shouldn't, behoove. me - i was going to. wait for them to drop lower | I should - it shouldn't behoove me - I was going to wait for them to drop lower, | i should - it shouldn't behoove me - i was going to wait for them to drop lower but... |
Well, yeah, and you know what? You can wait. I mean, but at least get - start shopping around with lenders. See what they can offer you. You don't necessarily need to lock in a rate. We don't know how low mortgage rates can go but - and the number of people have been just telling me in the last couple of days, at least... | well yeah and you know what? you can wait i mean but, at least get - start. shopping around with lenders see what they can offer you you don't necessarily need to lock in a rate we don't know. how low mortgage rates can go, but - and the number of people have been just telling me in the last couple of, days at, least y... | Well yeah and you know what? You can wait. I mean but. at least, get - start shopping around with lenders See, what they can offer you. You don't necessarily need to. lock in a rate We don't know how; low mortgage rates can go but - and the number of people have been just telling me in the last, couple of days at. leas... | well, yeah, and you know what? you can wait. i mean, but at least get - start shopping around with lenders. see what they can offer you. you don't necessarily need to lock in a rate. we don't know how low mortgage rates can go but - and the number of people have been just telling me in the last couple of days, at least... |
Thank you so much. Thank you again. | thank you so much thank you | Thank you so much Thank you | thank you so much. thank you again. |
Good luck, Tammy. | good luck | Good luck | good luck, tammy. |
OK, thank you. Bye-bye. | ok thank you | OK thank you | ok, thank you. bye-bye. |
And let's see if we can go next to Phil. Phil is with us from Ithica, New York. | and let's, see if, we can go next to phil phil is with us. from ithica new | And let's see if we can go next to Phil Phil is with us from Ithica New | and let's see if we can go next to phil. phil is with us from ithica, new york. |
Hi. How you doing? | hi how you | Hi How you | hi. how you doing? |
OK. | ok. | ||
I just wanted to comment on how bad this federal reserve policy is for the value of the dollar. I mean, just over the past couple of days since the announcement came out yesterday and the dollar index has dropped by six points since then and the price of gold has shot up. And I mean, the policy just penalizes people wh... | i just wanted to comment on how bad this, federal reserve policy. is for the value of the dollar i mean just over the past couple of days since the announcement came out yesterday and the dollar index has dropped by six points since then and the price of gold has shot up and i mean the policy just penalizes people who ... | I just wanted to comment on how bad this federal reserve policy is for the value of the dollar I mean just over the. past couple of days since the announcement came out yesterday and the dollar index has dropped by six points since then and the price, of gold has shot up And I mean the policy just penalizes people who ... | i just wanted to comment on how bad this federal reserve policy is for the value of the dollar. i mean, just over the past couple of days since the announcement came out yesterday and the dollar index has dropped by six points since then and the price of gold has shot up. and i mean, the policy just penalizes people wh... |
A lower dollar also hurts those who export to other countries, and there may be two or three of those left. Tom Petruno? | a lower dollar also hurts those, who export to other countries and there may. be two or three, of those. left. tom | A lower dollar also. hurts those who export, to other countries and there may be two or three of those left Tom | a lower dollar also hurts those who export to other countries, and there may be two or three of those left. tom petruno? |
Well, there's no question. The dollar is the sacrificial lamb here. And what the Fed has decided is, yes, we know this is likely to hurt the dollar, but they don't care at this point. I mean, that's the bottom line. If you give them the choice of you can have a strong dollar and you can have an economy that instead of ... | well there's no question the, dollar is the sacrificial lamb here and what the fed has decided is yes we know this is likely to hurt the dollar but they don't care at this point i mean that's the bottom line if you give. them the choice of you can have a strong dollar and you can have an economy that instead of contrac... | Well there's, no, question The; dollar is the sacrificial lamb here And, what the Fed has decided is yes we know this is likely to hurt the dollar but they don't care at this point, I mean. that's the bottom line. If you give them the. choice of you can have a strong dollar and you can have an economy that instead of c... | well, there's no question. the dollar is the sacrificial lamb here. and what the fed has decided is, yes, we know this is likely to hurt the dollar, but they don't care at this point. i mean, that's the bottom line. if you give them the choice of you can have a strong dollar and you can have an economy that instead of ... |
But you know, there's some irony here. Yes, people are buying the Euro, investors and traders, are buying the euro rather than the dollar. Well, it's not as if Europe is in a better economics shape and, frankly, they may be in worse shape if their central bank doesn't get on with the mission of cutting interest rates a... | but you know there's some irony here yes people are buying the euro investors and traders are buying the euro rather than the dollar well it's not. as if europe is in a better economics shape and frankly they may be in. worse shape, if; their, central bank doesn't get on with the mission, of cutting interest rates as w... | But you know there's some irony here Yes people are, buying the Euro investors and traders, are buying the euro rather than the dollar Well it's not as if, Europe, is in a better economics shape and. frankly, they. may be in. worse shape if their central bank doesn't get on with the mission of cutting interest rates as... | but you know, there's some irony here. yes, people are buying the euro, investors and traders, are buying the euro rather than the dollar. well, it's not as if europe is in a better economics shape and, frankly, they may be in worse shape if their central bank doesn't get on with the mission of cutting interest rates a... |
Mm hmm. Do you think it's possible that when the economy does come out of recovery, that the Fed will - so, mop up after the excess liquidity or... | mm hmm do you. think it's possible that when the economy does come. out of recovery that the fed, will - so mop up after the excess liquidity | Mm hmm Do you think it's possible, that; when the economy does come out of recovery that the Fed will - so mop. up after the excess liquidity | mm hmm. do you think it's possible that when the economy does come out of recovery, that the fed will - so, mop up after the excess liquidity or... |
(Soundbite of laughter) | (soundbite of | (Soundbite of | (soundbite of laughter) |
You know, yes, absolutely. I mean, they have tried to stress that. That yes, we will - you know, their point is, look, yes, we may be creating an inflation problem down the road, right? By the debasing the currency, by pumping all this money in the credit system, but you know what? As a central banker, we know what to ... | you know yes absolutely i mean they have tried to stress that that yes we will - you know their point is look yes we may be creating an inflation problem down; the road right? by the debasing the currency by pumping all this money in the credit system but you know what? as a central banker we know what to do about infl... | You know yes absolutely I mean they have tried to stress that That yes we will - you, know their point is look. yes we may be creating an inflation problem down the road right? By the debasing the currency, by pumping, all this money in the credit system but you know what? As a central banker we know what to. do about ... | you know, yes, absolutely. i mean, they have tried to stress that. that yes, we will - you know, their point is, look, yes, we may be creating an inflation problem down the road, right? by the debasing the currency, by pumping all this money in the credit system, but you know what? as a central banker, we know what to ... |
So what they're doing is they're throwing the dollar (unintelligible) to say, we may have an inflation problem down the road. We'll deal it then. And the bond market, frankly, believes them. The bond market is not worried about this, and if the stock market was really worried about, you know, the U.S. turning into Zimb... | so, what they're doing, is they're throwing the dollar (unintelligible) to. say we may have an inflation problem down the road we'll deal it then and the bond market frankly. believes them the bond market is not worried about this and if the stock market was really worried about, you know the u.s turning into zimbabwe ... | So what they're doing is they're; throwing the dollar (unintelligible) to say we may have an inflation. problem down the road We'll deal it then And the bond market frankly believes them The bond market is not worried about this and. if the stock market was really worried about you know the U.S turning into Zimbabwe wi... | so what they're doing is they're throwing the dollar (unintelligible) to say, we may have an inflation problem down the road. we'll deal it then. and the bond market, frankly, believes them. the bond market is not worried about this, and if the stock market was really worried about, you know, the u.s. turning into zimb... |
Phil, thanks very much. | phil thanks very | Phil thanks very | phil, thanks very much. |
Thank you. | thank | Thank | thank you. |
We're talking with Tom Petruno of the Los Angeles Times, and you're listening to Talk of the Nation from NPR News. Let's get Bill on the line, Bill with us from St. Joseph's in Missouri. | we're talking, with tom petruno of the los angeles times and you're listening to talk. of. the nation. from npr news let's get bill on the, line bill with us from st, joseph's in | We're. talking with Tom, Petruno of. the Los Angeles Times and you're listening to Talk of the Nation from NPR News Let's get Bill, on, the line Bill with us from St Joseph's in | we're talking with tom petruno of the los angeles times, and you're listening to talk of the nation from npr news. let's get bill on the line, bill with us from st. joseph's in missouri. |
Yo, good afternoon. | yo good | Yo good | yo, good afternoon. |
Hi. | hi. | ||
And Merry Christmas to you all. | and merry. christmas to you | And Merry Christmas to you, | and merry christmas to you all. |
Merry Christmas to you. | merry christmas to, | Merry, Christmas to | merry christmas to you. |
My question was, number one, I tend to think that we are in a deflationary spiral, personally. I've been talking to my brokers about it for a very long time, and I don't think there's any way we're going to get out of it right away. But that's just my own opinion in the middle of the country. My question is on the spre... | my question was number one i tend to think that we are in. a deflationary spiral personally i've been talking to my brokers, about it for a. very long time and i don't think there's. any way we're going to get out of it right away but that's just my own opinion in the middle of the country my question is on the spread ... | My question was number one I tend to think that we are in a deflationary spiral personally I've been talking. to my. brokers about it, for a very long time and I don't think there's any way we're going to get out of it right away But that's just my, own opinion, in the middle of the country My question is on the spread... | my question was, number one, i tend to think that we are in a deflationary spiral, personally. i've been talking to my brokers about it for a very long time, and i don't think there's any way we're going to get out of it right away. but that's just my own opinion in the middle of the country. my question is on the spre... |
What they're talking about is, for example, right now - call this up on my computer here. High-yield corporate bonds, the average yield on high-yield corporate bonds, junk bonds in other words, is 17.35 percent - 17.35 percent, that's a cost of financing that no company can really afford. When they say they're talking ... | what they're talking about is for example right now - call this up on my computer here high-yield corporate bonds the average yield on high-yield corporate bonds junk bonds in other, words is 17.35 percent - 17.35 percent. that's a cost of financing that no company can really afford when they say they're talking about ... | What they're talking, about is for example right, now - call this up on my computer here High-yield corporate bonds the average. yield on high-yield corporate bonds junk. bonds in other words is 17.35 percent - 17.35 percent. that's a cost of financing that no company can really afford When they say they're talking; ab... | what they're talking about is, for example, right now - call this up on my computer here. high-yield corporate bonds, the average yield on high-yield corporate bonds, junk bonds in other words, is 17.35 percent - 17.35 percent, that's a cost of financing that no company can really afford. when they say they're talking ... |
That's what they're trying to do because that's the way you get credit back into the economy, is you make is more affordable or affordable period for companies to borrow again in municipalities. That's what they're working on. That's why, for example, they're saying, yes we may, you know we're buying mortgage-backed se... | that's what they're trying to do because that's the way. you get, credit. back into the economy is you make is more affordable or affordable period for companies to borrow again in municipalities that's what they're working on that's why for example they're saying yes we may you know we're buying mortgage-backed securi... | That's. what, they're trying to do because that's the way you get credit back into the economy is you make is more affordable or. affordable period, for companies to borrow again in municipalities That's what they're. working on That's why for example they're saying yes we may, you know we're buying mortgage-backed sec... | that's what they're trying to do because that's the way you get credit back into the economy, is you make is more affordable or affordable period for companies to borrow again in municipalities. that's what they're working on. that's why, for example, they're saying, yes we may, you know we're buying mortgage-backed se... |
And please help me with this. If we're still trying to do supply-side the economics, and think we can pour this water in at the top of the funnel when the blockage is at the bottom of the funnel without clearing the bottom which is the consumer, which is jobs - how do we continue to figure out how people are going to s... | and please help me with this if, we're still trying to do supply-side the economics and think we can pour this water in at the top of the funnel when the blockage is at the bottom of the funnel without clearing the bottom which is the consumer which is jobs. - how do we continue to figure out how people are going to st... | And please help me with this If we're still trying, to do supply-side the economics. and think we can pour this water in at the top of the funnel when the blockage is at, the bottom. of the funnel without, clearing the bottom which, is the consumer which is. jobs - how do, we continue to figure out how people are going... | and please help me with this. if we're still trying to do supply-side the economics, and think we can pour this water in at the top of the funnel when the blockage is at the bottom of the funnel without clearing the bottom which is the consumer, which is jobs - how do we continue to figure out how people are going to s... |
The Fed is trying to do what it can with monetary policy and that includes, as we talked about it here, this idea of, you know, cutting interest rates to zero. But going out their potentially buying bonds. The other side of the equation is fiscal stimulus. That's what Obama has to do and has pledged to do, and the fede... | the fed is trying to do what it can with monetary policy and that includes as we talked, about it. here this idea of you know cutting interest, rates to zero, but going; out their potentially buying bonds the other, side of, the equation is fiscal stimulus that's what obama has to do and has. pledged to do and the, fed... | The, Fed is trying to, do what it can with monetary policy and that includes as we talked about it here, this idea of you know cutting interest rates to zero But going out their potentially. buying bonds The other side of the equation is fiscal stimulus That's what Obama has to. do and has pledged to do and the federal... | the fed is trying to do what it can with monetary policy and that includes, as we talked about it here, this idea of, you know, cutting interest rates to zero. but going out their potentially buying bonds. the other side of the equation is fiscal stimulus. that's what obama has to do and has pledged to do, and the fede... |
Will it work? Who knows. But they don't have any choice at this point. I mean, government spending, I mean all governments, federal, state and local has in recent years been about 20 percent of GDP. The forecast I'm seeing is that it's going to have to go to about 25 percent of GDP over the next year or two years - vir... | will it work? who knows but they don't have any choice at this point i mean government spending i mean all governments federal state and. local has in recent years been about 20 percent of gdp the forecast i'm seeing is that it's going to have to go to about 25 percent of gdp over the next year or two years - virtually... | Will it work? Who knows. But they don't have any choice at this point I mean government spending I mean all governments federal state and local has in recent years been about 20 percent of. GDP The forecast, I'm seeing is that. it's going to have to go to about 25 percent of GDP over the next year or two years - virtua... | will it work? who knows. but they don't have any choice at this point. i mean, government spending, i mean all governments, federal, state and local has in recent years been about 20 percent of gdp. the forecast i'm seeing is that it's going to have to go to about 25 percent of gdp over the next year or two years - vir... |
Bill, thanks very much and good luck. | bill thanks very much. and good | Bill thanks very, much and good | bill, thanks very much and good luck. |
Thank you very much. | thank you very | Thank you, very | thank you very much. |
Tom Petruno, financial writer for the Los Angeles Times. Again, his piece today was titled, "How The Feds 'Shock-and-Awe' Move Could Affect You," published, of course, in the Los Angeles Times. Tomorrow, we'll talk about President-elect Barack Obama and the politics of biracial. Join us then. This is Talk of the Nation... | tom petruno, financial writer for the los angeles times again his piece today. was titled "how the feds 'shock-and-awe' move could affect you" published of course. in the los angeles times tomorrow we'll talk about president-elect barack obama and the politics of biracial join us then this is talk of the nation from np... | Tom Petruno financial. writer for the. Los, Angeles Times Again his piece today was titled "How The, Feds, 'Shock-and-Awe' Move Could Affect You" published of course in the Los Angeles Times Tomorrow we'll, talk about President-elect Barack Obama and the politics of biracial Join us then. This is Talk of the Nation fro... | tom petruno, financial writer for the los angeles times. again, his piece today was titled, "how the feds 'shock-and-awe' move could affect you," published, of course, in the los angeles times. tomorrow, we'll talk about president-elect barack obama and the politics of biracial. join us then. this is talk of the nation... |
As we've just discussed, this lame duck session of Congress has been marked by arguments over tax cuts, unemployment benefits, arms limitation treaties and don't ask, don't tell, that seem to fall along partisan lines. But this week, New York Times columnist Ross Douthat wrote that there's some other significant issues... | as we've just discussed this lame duck session of congress has been; marked, by arguments over tax, cuts. unemployment benefits arms limitation treaties and don't ask, don't, tell that seem to fall along partisan lines but this week new york times columnist ross, douthat wrote that there's some other significant, issue... | As we've just discussed this lame duck session of Congress has been marked by arguments over tax cuts unemployment benefits arms limitation treaties and don't ask don't tell that seem. to fall along partisan lines But this week New York Times columnist Ross Douthat wrote that there's some other significant issues on th... | as we've just discussed, this lame duck session of congress has been marked by arguments over tax cuts, unemployment benefits, arms limitation treaties and don't ask, don't tell, that seem to fall along partisan lines. but this week, new york times columnist ross douthat wrote that there's some other significant issues... |
He joins us in our studios. Thanks so much for being with us. | he joins us in our studios thanks so much for being with, | He joins us, in our studios Thanks so much for being with | he joins us in our studios. thanks so much for being with us. |
Thanks so much for having me. | thanks so much for having | Thanks so. much for having | thanks so much for having me. |
And you begin with the recent scene of people being patted down to go through airport security and increased security alerts. | and you begin. with the recent scene of people being patted down to go through airport security and increased security. | And you. begin with, the recent scene of people being patted down to go through airport security and increased security | and you begin with the recent scene of people being patted down to go through airport security and increased security alerts. |
Right. And suddenly this potential, arguable violation of American civil liberties inspired all kinds of conservative outrage that was largely missing, I would say, in the Bush era whenever any kind of similar violation of civil liberties was contemplated. And you had a raft of liberal pundits rising to the defense of ... | right and suddenly this potential arguable violation of american civil liberties inspired all kinds of conservative outrage that was largely, missing i would. say in. the bush era whenever any kind of similar violation of civil liberties was contemplated and. you had a raft of liberal pundits rising to the defense of t... | Right And suddenly, this potential arguable violation of American civil liberties inspired all kinds of conservative outrage that was largely missing I would say in the Bush era whenever any. kind of similar violation of civil; liberties, was, contemplated And you had a raft of, liberal pundits, rising to the, defense ... | right. and suddenly this potential, arguable violation of american civil liberties inspired all kinds of conservative outrage that was largely missing, i would say, in the bush era whenever any kind of similar violation of civil liberties was contemplated. and you had a raft of liberal pundits rising to the defense of ... |
I was interested in this part of your analysis in your column, which is that a lot of people would simply say, well, this is hypocrisy. Democrats who decried the Patriot Act now seem to accept the fact that many features of the Patriot Act aren't been rolled back now that there's a Democratic administration. Republican... | i was interested in this part of your analysis in your column which is that a lot of people would simply say well this is hypocrisy democrats. who decried the. patriot act. now seem to accept the fact that many features of the patriot act aren't been rolled back now that there's a democratic administration republicans ... | I was interested. in. this part of your analysis, in your column which is, that a lot of people. would simply say well this is hypocrisy Democrats who decried the Patriot. Act now seem, to accept the fact, that many features of, the Patriot Act aren't been rolled back now that there's a Democratic administration Republ... | i was interested in this part of your analysis in your column, which is that a lot of people would simply say, well, this is hypocrisy. democrats who decried the patriot act now seem to accept the fact that many features of the patriot act aren't been rolled back now that there's a democratic administration. republican... |
Rather than label that as hypocrisy, you seem to think that there might actually be some strength in there, that both parties are getting exposure in government and in opposition that the changes they're thinking. | rather than label that as hypocrisy you seem to. think that; there might actually be some strength in there that, both parties are getting exposure in government and in opposition that the changes they're | Rather than label that, as hypocrisy you seem to think that there might actually be some strength in there. that both parties are getting exposure in government and in opposition that the changes they're | rather than label that as hypocrisy, you seem to think that there might actually be some strength in there, that both parties are getting exposure in government and in opposition that the changes they're thinking. |
Well, I guess what I'd say is, you can sort of pick apart the intellectual inconsistencies of partisans, but it isnt a bad thing that just as Democrats sort of say, well, our guys are in power now so we don't need to worry about civil liberties as much, Republicans start worrying about civil liberties a little more. I ... | well i guess what i'd. say is you; can. sort, of pick apart the intellectual inconsistencies of partisans but it isnt a bad, thing that just as democrats sort of say well our guys are in power now so we don't need to worry about civil liberties as much republicans start worrying about civil. liberties a little more i m... | Well I guess what I'd say is you can, sort of. pick apart the intellectual inconsistencies of partisans but it isnt a bad thing. that just as Democrats sort of say well our guys are in power now so we don't need to worry about civil liberties as much Republicans start worrying about civil liberties a little more I mean... | well, i guess what i'd say is, you can sort of pick apart the intellectual inconsistencies of partisans, but it isnt a bad thing that just as democrats sort of say, well, our guys are in power now so we don't need to worry about civil liberties as much, republicans start worrying about civil liberties a little more. i ... |
But it's also true that debates move around a lot, depending on which party is in power. And the psychology of partisanship - there's all kinds of really interesting research showing how powerful that psychology is and how it affects the way people filter in information, the way people understand the state of the econo... | but it's also true that, debates move. around a lot depending on which party is in power and the psychology of partisanship - there's all kinds of really interesting, research showing how powerful that psychology is and how it affects the way people filter in information the way people understand, the state of the, eco... | But it's also true, that debates move around a, lot depending on. which party is in power And the psychology, of partisanship - there's all. kinds of really interesting research showing how powerful that psychology is and how it affects the way people filter in information the way. people understand the state of the ec... | but it's also true that debates move around a lot, depending on which party is in power. and the psychology of partisanship - there's all kinds of really interesting research showing how powerful that psychology is and how it affects the way people filter in information, the way people understand the state of the econo... |
I remember thinking in November if there'd be increased security alerts right before election. I remember what we in the press, and for that matter, Democratic partisans used to suggest. | i remember thinking in november. if. there'd be increased security alerts right before election i remember what we in the press and for that matter democratic partisans used to | I remember thinking in November if there'd be increased security alerts right, before election I remember. what we in the press and for that, matter Democratic partisans used to | i remember thinking in november if there'd be increased security alerts right before election. i remember what we in the press, and for that matter, democratic partisans used to suggest. |
Right, that these were attempts to scare the country into voting for the Republicans. But what's interesting is then if you go back to the Clinton era and look at the way debates over civil liberties and national security and foreign military adventures played out, you often had Republicans - especially House Republica... | right that these were attempts to scare the country into voting for. the republicans but, what's, interesting is then if you go back to the clinton era and look at the way debates over civil liberties and national security and foreign military adventures played out you often had republicans - especially house republica... | Right that these were. attempts to, scare the country into voting for the Republicans But. what's interesting is then if you go back to the Clinton era and look, at the way debates over, civil liberties and national security and foreign military adventures played, out you often had Republicans - especially; House Repub... | right, that these were attempts to scare the country into voting for the republicans. but what's interesting is then if you go back to the clinton era and look at the way debates over civil liberties and national security and foreign military adventures played out, you often had republicans - especially house republica... |
All the polls suggest that the American public doesn't like partisanship and doesn't like the sniping and doesn't like the bitterness. And as a generalization, all the election results suggest that they like it just fine. Where's the disconnect there? | all the polls suggest, that the american public doesn't like partisanship and doesn't like the. sniping. and doesn't like the bitterness and as a. generalization all the election results suggest that they like it just fine where's the disconnect | All the polls suggest that the American. public doesn't like partisanship and doesn't like the sniping and doesn't like the bitterness And as a generalization all the election results suggest; that they like it just fine Where's the disconnect | all the polls suggest that the american public doesn't like partisanship and doesn't like the sniping and doesn't like the bitterness. and as a generalization, all the election results suggest that they like it just fine. where's the disconnect there? |
The public, as a whole, doesnt have sort of deep ideological consistency on a lot of issues. And so if you don't think about politics that much, you don't follow it that closely, a pollster says should people compromise in Washington, you'll say of course they should compromise in Washington, without sort of digging in... | the public as a whole doesnt have sort of deep ideological consistency on a lot of issues and so if you don't think about politics that much you don't follow it that closely a pollster says should people compromise in washington you'll say of course they should compromise in, washington without sort of digging into the... | The public as a whole doesnt have sort of deep ideological, consistency on a lot of issues And so if you don't think about politics that much you don't; follow it that closely a pollster, says should people compromise in Washington you'll say of course they should compromise in Washington. without sort of digging into ... | the public, as a whole, doesnt have sort of deep ideological consistency on a lot of issues. and so if you don't think about politics that much, you don't follow it that closely, a pollster says should people compromise in washington, you'll say of course they should compromise in washington, without sort of digging in... |
But then if the pollster comes back to you and says, well, but should they compromise on whether they're going to raise your taxes or cut your benefits, well, then, people suddenly start to see the utility of partisanship. | but then if the pollster comes, back to, you and says well but should they compromise on whether they're going to raise your taxes or cut your benefits, well then people suddenly start to see the utility of | But then if the pollster comes back to you and says well but should, they compromise on whether they're going to raise your taxes or cut your benefits well then people suddenly start, to see the utility of | but then if the pollster comes back to you and says, well, but should they compromise on whether they're going to raise your taxes or cut your benefits, well, then, people suddenly start to see the utility of partisanship. |
Maybe we need to ask this question every now and then: What exactly is wrong or destructive about partisanship? | maybe we. need to ask this question every now and then: what exactly is wrong or destructive about | Maybe we need to ask this, question every now and then: What exactly is wrong or destructive about. | maybe we need to ask this question every now and then: what exactly is wrong or destructive about partisanship? |
Well, what's destructive about partisanship is that it just leads to pure intellectual dishonesty. There are moments when ultimately the two parties have to compromise. And the trouble with partisanship is if you're a Republican who's spent the last two years either telling Americans, or more importantly, convincing yo... | well, what's destructive about partisanship is that it just leads. to pure intellectual dishonesty there. are moments when ultimately the two parties have to compromise and the, trouble with partisanship. is if. you're a republican who's spent, the last two years either telling americans or more importantly convincing ... | Well what's. destructive about partisanship is that it just leads to pure intellectual dishonesty. There are moments when ultimately the two parties have; to compromise And the trouble with partisanship is if you're a Republican who's spent the last two years either telling, Americans. or more importantly convincing yo... | well, what's destructive about partisanship is that it just leads to pure intellectual dishonesty. there are moments when ultimately the two parties have to compromise. and the trouble with partisanship is if you're a republican who's spent the last two years either telling americans, or more importantly, convincing yo... |
And I think it was the same problem for Democrats in the Bush era. The more unpopular Bush became, it became harder and harder for Democrats to work with him, whether the issue is - you know, on Social Security they just decided to turn their backs; on immigration reform they sort of tried and failed to make a deal. | and i think it was the same problem for democrats in the bush era the more unpopular bush became it became harder and harder for, democrats to work. with him whether the issue is - you know. on social security they just decided to turn. their backs on immigration reform they sort of tried and failed, to make a | And I think it was the. same, problem for, Democrats in the Bush era The more unpopular. Bush became it became harder, and harder for Democrats to work with him. whether the, issue. is, - you know on Social Security they, just decided to turn, their backs on immigration reform they sort. of tried and failed to make a | and i think it was the same problem for democrats in the bush era. the more unpopular bush became, it became harder and harder for democrats to work with him, whether the issue is - you know, on social security they just decided to turn their backs; on immigration reform they sort of tried and failed to make a deal. |
But so I think in an ideal world, everybody would believe the truth about things, right? They wouldnt be deluding themselves. And partisanship can make people delude themselves pretty easily. | but so i think in an ideal world, everybody would believe the truth about things right? they wouldnt be deluding themselves and partisanship can make people delude themselves. pretty | But so I think in; an ideal, world everybody would believe the truth about things right? They wouldnt be deluding themselves And partisanship can make people delude; themselves pretty | but so i think in an ideal world, everybody would believe the truth about things, right? they wouldnt be deluding themselves. and partisanship can make people delude themselves pretty easily. |
New York Times columnist Russ Douthat, thanks so much. | new york times columnist russ douthat thanks so | New York Times columnist Russ Douthat thanks, so | new york times columnist russ douthat, thanks so much. |
Thanks so much for having me. | thanks so much for having | Thanks so much, for, having | thanks so much for having me. |
Science Friday. I'm Ira Flatow and for the rest of the hour we're going to be talking tuna. But not Charlie the tuna, not the kind you'll find in the can or in your tuna sandwich. We're going to be talking about the giant bluefin tuna. | science. friday i'm ira flatow and for the rest of the hour. we're going to be talking tuna but not charlie the tuna not the kind you'll find in the can or in your tuna sandwich we're going to be talking, about the giant bluefin | Science Friday I'm Ira Flatow and for the rest of the hour we're going to be talking tuna But not Charlie the tuna not the. kind you'll find in the; can or in, your, tuna sandwich. We're going to be talking about the giant bluefin | science friday. i'm ira flatow and for the rest of the hour we're going to be talking tuna. but not charlie the tuna, not the kind you'll find in the can or in your tuna sandwich. we're going to be talking about the giant bluefin tuna. |
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