October 7, 2013 - James Spithill

  • Episode: 10005
  • (0)

Republicans hold Obama responsible for the government shutdown, Emily Bazelon reviews McCutcheon v. F.E.C., and James Spithill shares some history of the America's Cup.

(CHEERS AND APPLAUSE)>> Stephen: WELCOME TO THE

"REPORT," EVERYBODY!

GOOD TO HAVE YOU WITH US!

(AUDIENCE CHANTING "STEPHEN")(CHEERS AND APPLAUSE)

WELCOME TO THE "REPORT."

RIGHT OFF THE BAT, LADIES ANDGENTLEMEN, NATION, I HAVE JUST

RECEIVED BREAKING NEWS ABOUT THEGOVERNMENT SHUTDOWN.

GOVERNMENT, STILL SHUT DOWN.

(LAUGHTER)IN FACT, MIDNIGHT TONIGHT IS THE

SHUTDOWN'S ONE-WEEK ANNIVERSARYAND I PLAN ON MARKING THE

OCCASION BY POPPING A BOTTLE OFBUBBLEY.

NOT CHAMPAGNE, MILK.

(LAUGHTER)FOOD INSPECTORS HAVE BEEN

FURLOUGHED AND --(LAUGHTER)

-- FOR SOME REASON MY MILK ISBUBBLING NOW.

(LAUGHTER)NOW, EVER SINCE REPUBLICANS

VOTED FOR THIS SHUTDOWN THEYHAVE KNOWN EXACTLY WHO'S

RESPONSIBLE.

>> THIS IS PRESIDENT BARACKOBAMA'S SHUTDOWN.

>> PRESIDENT OBAMA'S SHUTDOWN.

>> THE OBAMA SHUTDOWN.

>> YOU WANT MY OPINION?

THIS IS PRESIDENT OBAMA'SSHUTDOWN.

>> Stephen: YES, IF YOU WANT STUVARNEY'S OPINION THIS IS

PRESIDENT OBAMA'S SHUTDOWN!

AND IF YOU WANT STU VARNEY'SFACTS, WHY ARE YOU LISTENING TO

STU VARNEY?

(LAUGHTER)OF COURSE, THE PRESIDENT IS

STUBBORNLY REFUSING TO NEGOTIATEON OBAMACARE EVEN THOUGH THE

REPUBLICANS HAVE BEEN VERYFLEXIBLE.

>> I'D LIKE TO REPEAL EVERY WORDOF THE LAW.

BUT THAT WASN'T MY POSITION EVENIN THIS FIGHT.

MY POSITION IN THIS FIGHT WAS WESHOULD DEFUND IT.

EVEN NOW WITH THE WHAT THE HOUSEOF REPRESENTATIVES HAS DONE IS A

STEP REMOVED FROM DEFUNDING.

IT'S DELAYING.

>> WE'VE BEEN PRETTY REASONABLEAS WE'VE WORKED THROUGH THIS

PROCESS.

I'VE HEARD THE REFERENCE TO AFULL DELAY OR A FULL REPEAL.

NOW WE'RE JUST SAYINGMR. PRESIDENT, CAN WE NOT JUST

HAVE ONE-YEAR DELAY?

>> WE SAID, WELL, WHAT ABOUT AONE-YEAR DELAY?

WE'VE BEEN OFFERING COMPROMISEAFTER COMPROMISE.

(LAUGHTER)BUT YOU HEAR FROM THE PRESIDENT

AND HIS MEN AND HIS WOMEN NONEGOTIATION.

>> Stephen: NO NEGOTIATION, EVENTHOUGH EVERY ONE OF THOSE OFFERS

IS A COMPROMISE FROM THEREPUBLICANS' INITIAL OFFER--

HAVING MITT ROMNEY BE PRESIDENT.

(LAUGHTER AND APPLAUSE)BUT SURPRISE SURPRISE --

(CHEERS AND APPLAUSE)-- SURPRISE SURPRISE, OBAMA

WOULDN'T NEGOTIATE ON THAT,EITHER.

(LAUGHTER)BUT ONE THING EVERYONE CAN AGREE

ON IS THAT THIS IS SERIOUSBUSINESS.

>> WE HAVE TO STOP PLAYING THESEFOOLISH GAMES.

>> WE HOPE THAT OUR DEMOCRATICCOLLEAGUES WILL STOP WITH THE

GAMES.

>> THE AMERICAN PEOPLE ARE NOTPAWNS IN SOME POLITICAL GAME.

>> THIS ISN'T SOME DAMN GAME!

(LAUGHTER)>> Stephen: THAT'S RIGHT!

THIS ISN'T SOME DAMN GAME!

IT'S THIS DAMN GAME: INTRODUCING"NOT A GAME."

(LAUGHTER)THE OFFICIAL GOVERNMENT SHUTDOWN

HOME GAME.

(CHEERS AND APPLAUSE)FROM THE MAKERS OF "NOT STORY"

AND "OPERATION DENIED DUE TOPREEXISTING CONDITION."

(LAUGHTER)FOR PETE'S SAKE, WHAT INSURANCE

COMPANY WOULD COVER GUY BORNWHAT LIGHTBULB FOR A NOSE.

(LAUGHTER)NOW, FOLKS, NOT A GAME HAS

EVERYTHING YOU NEED TO REPLICATETHE FUN OF THE REAL GOVERNMENT

SHUTDOWN.

OKAY, YOU SEE, THE DEMOCRATS AREA DONKEY, REPUBLICANS ARE AN

ELEPHANT AND THE TEA PARTY IS ABUG UP THE ELEPHANT'S ASS.

(LAUGHTER)NOW, THE SPOT -- THIS SPOT RIGHT

OVER HERE, THIS IS THECONTINUING RESOLUTION.

YOU HAVE TO TRY TO PASS THAT.

NOW, WHILE THIS TIMER RIGHT HEREREPRESENTS THE FAST-APPROACHING

DEBT CEILING, SO YOU SET THATAND THEN IGNORE IT.

(LAUGHTER)AND THESE ARE PUBLIC OPINION

CARDS THAT SAY HOW YOU'REPOLLING WITH THE VOTERS.

OKAY?

LET'S GIVE IT A WHIRL.

BRENDAN, GET ON OUT HERE.

BRENDAN, EVERYBODY.

(CHEERS AND APPLAUSE)OKAY, BRENDAN.

BRENDAN, ARE YOU READY TO PLAY?

>> OKAY, HOW DO WE START?

>> Stephen: THE RULES ARE I GOFIRST AND I REFUSE TO TAKE MY

TURN.

(LAUGHTER)AND YOU CAN'T TAKE YOURS UNTIL

I'M DONE.

>> WHAT?

>> Stephen: I KNOW YOU'RE UPSETBUT WE'RE BOTH AT FAULT HERE SO

LET'S NEGOTIATE, OKAY?

I WILL AGREE TO TAKE MY TURN IFYOU AGREE THAT I WIN.

>> THAT'S NOT FAIR!

WHY EVEN PLAY THE GAME?

>> Stephen: IT'S NOT A DAMN GAMEBRENDAN!

(LAUGHTER AND APPLAUSE)PEOPLE'S JOBS ARE AT STAKE HERE.

FOR INSTANCE, YOUR DAD.

I FIRED HIM.

>> YOU DID?

>> Stephen: YES, HE IS NOTGETTING HIS JOB BACK UNLESS YOU

AGREE TO PLAY WITH ME.

>> FINE, I'LL PLAY.

JUST GO!

>> Stephen: OKAY.

ALL RIGHT.

SO I MOVE ONE SPACE AND I WIN.

NOW, I JUST TAKE A PUBLICOPINION CARD TO SEE WHAT VOTERS

THINK OF ME AND "PUBLIC BLAMESYOU."

GODDAMNIT!

(CHEERS AND APPLAUSE)GET OUT!

GET OUT, YOU CHEATER!

(CHEERS AND APPLAUSE)YOU TELL YOUR DAD I'LL

(LAUGHTER)NATION, IT'S THE FIRST MONDAY IN

OCTOBER, BACK-TO-SCHOOL DAY FORTHE SUPREME COURT.

AND I AM THRILLED BECAUSE THECASES THIS YEAR ARE TO DIE FOR.

FOR INSTANCE, "BOND V. UNITEDSTATES."

IT'S ABOUT A PENNSYLVANIA WOMANNAMED CAROL BOND WHOSE HUSBAND

KNOCKED UP HER BEST DIFFERENT SOBOND SPREAD LETHAL CHEMICALS ON

HER FRIEND'S CAR, MAILBOX, ANDDOORKNOB.

THE DEAD GIVEAWAY WAS THAT ONEOF THE CHEMICALS-- POTASSIUM

DICHROMATE-- IS BRIGHT ORANGE.

IT'S THE REASON WHY NINJASRARELY KILL WITH TRAFFIC CONES.

(LAUGHTER)BUT IT WASN'T THE CRIME THAT GOT

BOND ALL THE WAY TO THE SUPREMECOURT.

NO, IT WAS HER DEFENSE.

HER LAWYERS ARGUE THE LAW SHEWAS CONVICTED UNDER IS

UNCONSTITUTIONAL ON THE GROUNDTHAT IT INFRINGES ON THE POWERS

RESERVED TO THE STATES UNDER THE10th AMENDMENT.

AMEN?

I HAVE ALWAYS SAID CHEMICALWEAPONS ARE A STATE'S RIGHTS

ISSUE.

(LAUGHTER)EACH INDIVIDUAL STATE SHOULD

DECIDE WHAT IS AND ISN'TPOISONOUS.

FOR EXAMPLE, WHAT WE IN MY HOMESTATE OF SOUTH CAROLINA CONSIDER

A DEADLY TOXIN PEOPLE IN NORTH

THE CASE THAT'S REALLY GOT MYGAVEL IS "McCUTCHEON V. THE

FEDERAL ELECTION COMMISSION."

SHAUN McCUTCHEON IS CHALLENGINGTHE LIMITS ON CAMPAIGN

CONTRIBUTIONS WHICH ARECURRENTLY

$2,600 TO A SINGLE CANDIDATE ANDAN OVERALL LIMIT OF

$123,000 PER ELECTION CYCLE.

FOLKS, I DO NOT BELIEVE THAT THEGOVERNMENT SHOULD TELL US HOW

MUCH MONEY THERE CAN BE INPOLITICS ANY MORE THAN THEY

SHOULD TELL US HOW MUCH RATFECES DMB A HOT DOG!

IT'S FINE AS LONG AS THE RATSKEPT KOSHER.

(AUDIENCE REACTS)HERE TO TELL US HOW MUCH RAT

FECES THERE'S GOING TO BE IN OURPOLITICS IS "SLATE" LEGAL EXPERT

AND SENIOR RESEARCH FELLOW ATYALE LAW SCHOOL EMILY BAZELON.

EMILY, THANKS SO MUCH FOR COMINGBACK.

GOOD TO SEE YOU.

(CHEERS AND APPLAUSE)ALL RIGHT.

ALL RIGHT, EM.

FIRST OF ALL, IS THE SUPREMECOURT -- ARE THEY GOING TO HAVE

A SESSION?

ARE THEY ESSENTIAL PERSONNEL ORARE THEY FURLOUGHED.

>> THEY SAY THEY'RE ESSENTIAL.

THEY PUT OUT A PRESS RELEASE,THEY'RE HEARING ARGUMENTS ALL

WEEK JUST THE WAY THEY'RESCHEDULED.

>> SO THEY TOOK THREE MONTHS OFFAND THEY SHOW UP AND GO "WAIT,

YOU NEED TO PAY US."

>> I THINK THEY WANT TO BE ANESSENTIAL SERVICE.

THEY'VE DECIDED THAT THEY ARE.

>> Stephen: NOW, THE McCUTCHEONCASE.

GIVE ME NUTS AND BOLTS HERE.

WHAT ARE THE LIMITS NOW?

$2600 PER PERSON AND$123,000.

WHAT'S THE LOGIC BEHIND NOTLETTING ME DONATE ALL I WANT?

>> THE LOGIC IS THAT IF YOU HAVELIMITS YOU'LL HAVE LESS

CORRUPTION.

SO IF YOU COULD GIVE $2,600 TOAS MANY FEDERAL CANDIDATES YOU

WANT IN A TWO-YEAR ELECTIONCYCLE THEN SOMEONE COULD BUNDLE

THE GIFTS TOGETHER.

THAT WOULD BE A GREAT WAY TOEXERT INFLUENCE.

THEN YOU WOULD BE THE PERSONWITH THE POCKETBOOK WHO REALLY

HAD THE INFLUENCE.

>> Stephen: WAIT.

SO IF I GIVE POLITICIANS A LOTOF MONEY THEY MIGHT DO WHAT I

WANT?

>> YES, AND WE WORRY ABOUT THAT.

>> Stephen: BUT THAT'SCORRUPTION!

>> EXACTLY.

AND WE WORRY ABOUT THAT HAS THATAS THE PROBLEM OF QUID PRO QUO.

THAT'S WHY WE HAVE CAMPAIGNFINANCE REFORM.

>> Stephen: I DON'T SPEAKSPANISH.

WHAT IS QUID PRO QUO?

WHOSE SQUID IS THIS?

WHAT DOES THAT MEAN?

>> IT MEANS GETTING SOMETHINGFOR SOMETHING THAT YOU GIVE.

>> Stephen: BUT ALL WE'RE GIVINGIS SPEECH BECAUSE THE SUPREME

COURT RULES THAT MONEY EQUALSSPEECH.

AM I NOT WRONG?

>> WELL, AND THIS CASE, IF THESUPREME COURT RULED IN FAVOR OF

SHAUN McCUTCHEON COULD REALLYCONTINUE THAT IDEA OF MONEY

EQUALING SPEECH.

BUT THE PART THAT REALLY MATTERSIS WHETHER THE GOVERNMENT HAS

GOOD REASON FOR PUTTING LIMITSON THE MONEY.

AND IN THIS CASE THERE'S APROBLEM OF CORRUPTION WE JUST

TALKED ABOUT AND THERE'S ALSOEQUALITY BECAUSE IF RICH PEOPLE

CAN GIVE ALL THE MONEY THEY WANTTHEN YOU HAVE A PROBLEM WITH

DROWNING OUT EVERYONE ELSE'S.

>> Stephen: WELL, IF MONEYEQUALS SPEECH RICH PEOPLE SPEAK

REALLY WELL AND POOR PEOPLE HAVEA SPEECH IMPEDIMENT.

(LAUGHTER)>> AND WE WORRY ABOUT THAT

PROBLEM.

>> Stephen: WHO IS "WE"?

DO YOU HAVE A MOUSE IN YOURPOCKET?

(LAUGHTER)I'M NOT WORRIED AT ALL.

I'M WORRIED THAT MY SPEECH WILLBE IMPEDED BECAUSE-- SPOILER

ALERT-- I'VE GOT A LOT OF MONEY.

>> AND YOU'VE BEEN GOOD ATRAISING MONEY FOR ELECTIONS BUT

CONGRESS WORRIED ABOUT PEOPLELIKE YOU EXERTING TOO MUCH

INFLUENCE ON THE PROCESS ANDTHEY WORRY ABOUT ALL THE REGULAR

PEOPLE WHO CAN'T RAISE HUNDREDSOF THOUSANDS OF DOLLARS AND

MAKING SURE THEIR VOICES AREALSO HEARD AND THAT THE

CANDIDATES HEAR ABOUT THEIRVIEW.

>> Stephen: WELL, THIS COURT ISSUPER LIBERAL NOW, RIGHT.

>> IT IS NOT.

>> Stephen: THEY JUST APPROVEDOBAMACARE, THUMB'S UP AND THEY

SAID EVERYBODY'S GOT TO GET GAYMARRIED NOW.

(LAUGHTER)>> TRUE.

>> Stephen: TRUE!

THAT'S TRUE!

YOU AGREE WITH ME THAT'S WHATTHEY SAID.

>> NO, THEY DIDN'T SAY EVERYBODYHAS TO GET GAY MARRIED.

>> Stephen: BUT IT'SRECOMMENDED.

>> NO, NO.

(LAUGHTER AND APPLAUSE)NO, IT IS NOT.

THEY SAID THAT FEDERAL LAW WILLGIVE FEDERAL BENEFITS TO GAY

COUPLES WHO ARE MARRIED INSTATES THAT RECOGNIZE GAY

MARRIAGE.

THEY DID SAY THAT.

BUT IT'S NOT A LIBERAL COURT.

>> Stephen: IT'S BEEN SEVEN ANDA HALF YEARS SINCE A WHITE GUY

WAS APPOINTED.

THAT DOESN'T SEEM LIBERAL TOYOU?

>> I DON'T THINK THAT HASANYTHING TO DO WITH LIBERAL.

>> Stephen: IT COMMUNITY?

>> NO, IT DOESN'T.

>> Stephen: BECAUSE YOU'RE NOT AWHITE GUY.

>> THIS IS ONE OF THE MOSTCONSERVATIVE COURTS WE'VE HAD IN

MODERN HISTORY.

>> WHICH WAY ARE THEY GOING TOSWING?

>> I THINK IT'S VERY LIKELY THECOURT WILL CUT BACK FURTHER ON

CAMPAIGN FINANCE REFORM.

THE REAL QUESTION IS WHETHERROBERTS AND ALITO-- CHIEF

JUSTICE ROBERTS AND SAMUELALITO-- WILL GO AS FAR AS THE

OTHER THREE CONSERVATIVES WHOHAVE MADE IT CLEAR THAT THEY ARE

REALLY, REALLY, NOT INTERESTEDIN LIMITS ON CAMPAIGN FINANCE.

>> Stephen: CAN I TELL YOUSOMETHING?

EVERYBODY THROUGHOUT SHOULDLISTEN TO THE SLATE POLITICAL

GAL.

(CHEERS AND APPLAUSE)>> THANK YOU.

>> Stephen: AND WITHIN OF THETHINGS THAT'S HAPPENING RIGHT

NOW THAT UNTIL THIS PARTICULARCRISIS PASSES THERE'S A SLATE

ANN THAT YOU CAN LOOK ATEVERYDAY.

I LOVE IT.

IT PUTS ME RIGHT TO SLEEP ATNIGHT.

EMILY BAZELON, THANK YOU SO MUCHFOR JOINING ME.

EMILY BAZELON.

SLATE, WE'LL BE RIGHT BACK.

(CHEERS AND APPLAUSE)

(CHEERS AND APPLAUSE)>> Stephen: THANK YOU VERY MUCH.

WELCOME BACK, EVERYBODY.

NATION, IT'S NO SECRET I AMT.V.'S FOREMOST HEART EXPERT.

I LOVE IT ALL, YOUR SUIT MAN,YOUR DRIPPY GUY, YOUR APPLE FACE

YOUR ONE-YEARED VINNIE, ALL THEBIG ONES.

WELL, THERE'S ONE SO-CALLEDPAINTER THAT I HAVE A SERIOUS

BEEF WITH.

THE GUY WHO PAINTED THIS STUFF.

BRITISH GUERRILLA GRAFFITIISTBANKSY, AN ANONYMOUS STREET

ARTIST NO ONE HAS EVER SEEN.

WELL, FOLKS, BRACE YOURSELFBECAUSE THE BRITISH ARE COMING,

THE BRITISH ARE COMING.

>> BANKSY ANNOUNCED ON HIS WEBSITE HE'S TAKING UP RESIDENCY IN

NEW YORK THIS MONTH LAUNCHING ASERIES OF WORKS CALLED "BETTER

OUT THAN IN."

THE FIRST WORK APPEARED ON ALANSTREET NEAR CANAL.

IT SHOWS A CHILD HOLDING A CANOF SPRAY PAINT STANDING ON

ANOTHER CHILD'S BACK BELOW ASIGN THAT READS "GRAS FEET CITY

A CRIME."

>> Stephen: GRAFFITI IS A CRIME.

SO, NATION, CALL THE POLICE IFYOU SEE THIS MAN.

(LAUGHTER)NOW, FOLKS, I HAVE GOT

ABSOLUTELY ZERO RESPECT FOR THISELUSIVE LIMEY STREET RAT.

HE'S ANONYMOUS AND HIS ART ISPUBLIC SO THE JERK DOESN'T EVEN

PROFIT OFF OF IT.

(LAUGHTER)ART BELONGS IN ONE OF TWO

PLACES: A MUSEUM OR MOUNTED NEARTHE TOILET IN A BILLIONAIRE'S

YACHT.

(LAUGHTER)MONET'S WATER LILIES REALLY GETS

THE FLOW GOING.

NOW, FOR SOME REASON, THE ARTWORLD IS ENAMORED BY THIS

CRIMINAL AND ANY WALL HE PAINTSON IS TORN DOWN AND AUCTIONED

OFF FOR MILLIONS.

FOLKS, THIS TERRIFIES ME.

(LAUGHTER)BECAUSE LITTLE KNOWN FACT, MY

STUDIO HAS WALLS.

(LAUGHTER)AND BANKSY'S NEW YORK REIGN OF

TERROR DOES NOT END FOR 24 DAYSAND THE LAST THING I WANT IS FOR

THE FRONT OF MY BUILDING TO BEVANDALIZED AND ITS PROPERTY

VALUE TO SKYROCKET.

(LAUGHTER)IN FACT, I AM SO CONCERNED I

HAVE THAT FRAMED OUT A SPECIFICAREA BANKSY IS FORBIDDEN TO

BEGRIME WITH HIS HOODLUMGRAFFITO.

(CHEERS AND APPLAUSE)NO!

NO!

BANKSY, I KNOW IT'S TEMPTING ASAN ARTIST FOR YOU TO SEE THIS

NAKED WALL AND KNOW THAT IT'SOFF LIMITS FOR YOU TO INJECT ONE

OF YOUR TRADEMARK INCISIVE BITSOF SUBVERSIVE SOCIAL COMMENTARY

OR MAYBE JUST PAINT ME RIDING ASHARK.

(LAUGHTER)BUT UNDER NO CIRCUMSTANCES

SHOULD YOU USE THE SPRAY PAINTLEFT UNATTENDED ON THE SIDEWALK

BY MY MAINTENANCE STAFF.

THOSE WERE THROWN OUT ON MYORDERS.

AND DO NOT ENJOY THE SELECTIONOF TEA SANDWICHES AND ROOM

TEMPERATURE NEW CASTLE ALE.

(LAUGHTER)SO ONCE AGAIN, BANKSY, STAY AWAY

FROM MY STUDIO AT 1513 WEST 54thSTREET BETWEEN 10th AND 11th

ATTITUDE OR NEAR THE WEST SIDEHIGHWAY IF YOU'RE COMING BY CAR.

I'LL BE WATCHING FOR YOU BANKSY,EXCEPT BETWEEN 3:00 AND 4:00

A.M. WHEN OUR SECURITY CAMERASUSUALLY CUT OUT.

(LAUGHTER)WE'LL BE RIGHT BACK.

>> Stephen: WELCOME BACK,EVERYBODY MY GUEST TONIGHT IS

FOR CAPTAIN WHO WON THEAMERICA'S CUP-- THOUGH TO BE

FAIR THE WIND DID A LOT OF WORK.

PLEASE WELCOME JIMMY SPITHILL!

(CHEERS AND APPLAUSE)WELL, WELCOME ABOARD CAPTAIN

JIM.

THANK YOU, THANKS FOR HAVING ME.

>> Stephen: NOW THE AMERICA'SCUP, FOR THOSE OF YOU WHO MAY

NOT BE INTO BIG BOAT SAIL RACINGIT'S THE OLDEST TOURNAMENT IN

THE WORLD, RIGHT?

>> OLDEST TROWNY INTERNATIONALSPORT, PREDATES THE MODERN

OLYMPICS, OVER 160 YEARS OLD.

SO, YEAH, THE OLDEST TROPHY OUTTHERE.

>> Stephen: AND YOU WON THIS FORAMERICA.

>> WE KEPT IT HERE FOR AMERICA.

(CHEERS AND APPLAUSE)>> Stephen: NOW I KNOW AMERICA

PRETTY WELL.

I'M HAVING TROUBLE PLACING YOURACCENT, THOUGH.

(LAUGHTER)>> IT'S FROM THE SOUTH.

>> Stephen: IT IS.

PRETTY DEEP SOUTH.

YOU ARE FROM WHERE, SIR?

>> I'M FROM THE LAND DOWN UNDER,FROM AUSTRALIA.

SYDNEY ORIGINALLY.

>> OKAY, ALL RIGHT.

(CHEERS AND APPLAUSE)>> Stephen: LET'S EXPLAIN TO THE

PEOPLE OUT THERE WHAT IT WASYOUR DOING IN SAN FRANCISCO

HARBOR FOR THE AMERICA'S CUP.

I'VE DONE A LITTLE BIT OF OCEANSAILING BUT THIS IS ALMOST

ENTIRELY BUT NOT COMPLETELYUNLIKE SAILING.

LET'S SHOW PEOPLE WHAT WE'RELOOKING AT.

EXPLAIN WHAT'S HAPPENING INTHESE BOATS.

>> WELL, THE LIGHTEST THING ONTHESE BOATS IS THE FOILING.

SO IF YOU LOOK AT THERE, YOUMIGHT HAVE SEEN LAIRD HAMILTON

ON A SURF BOARD DOING THIS.

NOW WE'RE DOING IT ON A 72 FOOTCARBON FIRE MULTIHULLS AND WE

HAVE A CARBON FIBER WING, JUSTLIKE THE WING OFF THE SIDE OF AN

AIRCRAFT AND IT IS INSANE.

RACING ON THAT BAY IT'S LIKENASCAR ON WATER.

>> Stephen: I'M USED TO BEING ONA SAILBOAT ON THE WATER BUT THIS

LOOKS ALMOST LIKE A SPACESHIPWITH 130-FOOT SAIL AND JUST TWO

CRUISE MISSILE STRAPPED TO IT.

(LAUGHTER)HOW DO YOU CONTROL SOMETHING

THAT IS BARELY IN THE WATER LIKETHAT?

HOW FAR DO YOU GET OFF THE WATERWHEN YOU'RE COOKING?

>> YOU GO PROBABLY ABOUT A METERAND A HALF TWO METERS.

>> Stephen: I DON'T SPEAKWHATEVER THAT IS.

(LAUGHTER)A METER, IS THAT 50 FEET?

TWO METERS?

>> I DON'T KNOW.

10 FOOT OR SOMETHING.

BUT I DON'T THINK YOU'RE EVERREALLY IN CONTROL.

IT'S SORT OF LIKE RIDING AMOTORBIKE.

YOU'RE IN CONTROL UNTIL YOU FALLOFF AND IT'S ONE HELL OF A RIDE.

>> Stephen: WHAT'S THE FESTESTYOU GO NOT ON THE FOILS?

>> NOT ON THE FOILS PROBABLY 30KNOTS.

>> Stephen: AND WHEN THE FOILSKICK UP HOW FAST DO YOU GO?

>> THEN IT'S LIKE A TURBO BOOST.

THE ONLY THING THAT STOPS YOU ISWHERE THE FOILS JUST START TO --

THE WATER BOILS AROUND THEFOILS.

IT'S THAT HIGH A PRESSURE ANDIT'S ALMOST LIKE A SPEED

LIMITER.

BUT AS WE GET BETTER AND LEARNMORE IT'S LIKE A QUANTUM LEAP

FOR US IN THIS SPORT, WE'LLFIGURE OUT HOW TO GO FASTER AND

FASTER AND TOP SPEEDS WILL KEEPRISING.

>> Stephen: WHAT IS THE TOPSPEED RIGHT NOW

>> ON OUR BOAT ABOUT 48 KNOTS.

>> Stephen: AGAIN -->>

(LAUGHTER)>> YEAH, CLOSE TO 60 MILES AN

HOUR.

(AUDIENCE REACTS)>> Stephen: 60 MILES AN HOUR?

SO YOU COULD GET PULLED OVER ONSOME HIGHWAY.

(LAUGHTER)>> THAT'S RIGHT.

>> Stephen: THE FOUNDER OFORACLE LARRY ELLISON ACTUALLY

PAID FOR THIS.

$100 MILLION COMING OUT OF HISPOCKET.

>> LARRY'S BEEN GREAT AND A LOTOF OTHER GREAT SPONSORS BUT

LARRY'S A REAL COMPETITOR, LOVESRACING AND WHAT YOU SAW ON THE

BAY WAS HIS VISION.

IT'S SOMETHING THAT HE'S PEOPLEDOUT THERE AND IT'S SUCH A BIG

STEP FOR THE SPORT NOW.

>> Stephen: WHAT'S IT LIKEWORKING FOR ONE OF THE RICHEST

MEMBER IN THE WORLD?

DO, LIKE, 20 BILLS FALL OFF HIM?

(LAUGHTER)>> HE'S GREAT.

THE COOLEST THING ABOUT LARRY ISHE'S SELF-MADE.

HE CAME FROM NOTHING AND, YOUKNOW, THAT'S WHAT I LOVE ABOUT

HIM.

WHEN HE COMES DOWN TO THE BASEAND HANGS OUT WITH THE GUYS HE'S

JUST LIKE ONE OF THE OTHER GUYSAND I THINK THAT'S WHAT HE

LOVES.

WHEN HE COMES ON THE BOAT WETREAT HIM LIKE ANYONE ELSE.

HE GETS YELLED AT AND THAT'SSOMETHING HE'S NOT USED TO.

(LAUGHTER)>> Stephen: ONE OF THE GOOD

THING ABOUT THE AMERICA'S CUP ISNOW THAT AMERICA'S GOT IT, WE

GET TO SET THE RULES FOR WHATTHE RACE HAS TO BE NEXT TIME,

RIGHT?

>> CORRECT.

>> Stephen: WHO DID YOU SFWHAET>> THE KIWIS, THE NEW ZEALAND

TEAM.

>> Stephen: AS AN AUSTRALIAN,DID THAT FEEL GOOD?

>> OH, MATE.

(LAUGHTER)YOU BEAT THOSE HOBBIT HUMPERS.

(LAUGHTER)>> I'M NOT GOING TO LIE TO YOU,

MATE, IT FEELS FANTASTIC.

>> Stephen: ARE THEY THE ONESTHAT SET THE RULES THAT IT WOULD

BE ON THE HYDRO FOIL BOATS IS?

>> WE WERE THE LAST ONE, BROUGHTIT TO SAN FRANCISCO BAY, PULLED

OUT THE NEW BOAT, NEW FORMAT.

NOW WE DO IT AGAIN SO WE COME UPWITH THE RULES.

OBVIOUSLY THIS IS A HUGE SUCCESSAND FOR THE FIRST TIME

NON-SAILORS ARE WATCHING SAILINGON T.V..

WHO WOULD HAVE THOUGHT.

>> Stephen: LIKE RIGHT NOW.

>> LIKE, EXACTLY.

SO THAT'S WHAT'S SO COOL ANDEXCITING.

>> Stephen: CAN I SUGGESTSOMETHINGING?

SAY TO THIS LARRY: HOW ABOUTNEXT TIME SAME BOAT BUT YOU SAIL

JUST ON AN OCEAN OF HIS CASH.

(LAUGHTER)>> I'LL GIVE IT A GO.

I WON'T PROMISE ANYTHING.

NEXT TIME I SPEAK TO HIM I MAYBRING THAT UP.

WE'LL SEE.

>> Stephen: WHAT ABOUT ME?

I SAIL.

IF YOU NEED A CREW MEMBER, IMAKE EXCELLENT BALLAST.

(CHEERS AND APPLAUSE)6-

>> I TELL YOU WHAT, I BROUGHTTHIS HAT ALONG BECAUSE THESE

HATS ONLY THE ATHLETES WEAR,ONLY THE SAILORS SO I'M IN THE

RECRUITMENT PROCESS SO I'MINVITING YOU.

WHENEVER YOU'RE READY, MATE,JUMP ON BOARD.

(CHEERS AND APPLAUSE)JAMES SPITHILL, ORACLE TEAM

U.S

>> Stephen: THAT IT FOR THEREPORT EVERYBODY. GOODNIGHT