reviewed and poorly executed and poorly monitored. >> the it stems from huge bets made on derivatives and there may be more bad news ahead. >> so the volatility could be high. it could cost us as much as billion dollars or more. >> was the responsible for the economic meltdown of 2007. the news couldn't have come at a worst time for wall street. >> people will say that no question about it. they are arguing more for regulation and they were certainly angry. they were annoyed and apologetic but not a changed man. >> its black eye for j.p. morgan that came through the financial crisis better than most big

banks. they have been outspoken and fought against new bank regulations. in a statement, michigan senator carl levin called the loss a stark reminder for the need of regulators to establish tough standards. >> they say it's big enough to ai absorb the loss but the stock took a big hit. the dow was back in positive territory by midday. one of cofounders of facebook has renounced his u.s. citizenship ahead of the company offering. a spokesman said he recently found it more practical to be a resident of singapore. it could be reduce his tax bill. he held mark zuckerberg start facebook in a harvard dorm.

he has a 12% stake in the company. >> and gas prices, suddenly going up here. why you have been hearing they have been dropping around the rest of the country. brace yourself they are expected to keep rising in california but only in california. the terry mcsweeney has that story. >> reporter: its two parted story and neither part is any good. average gallon of gas in california regular gas going up 16 cents in the past week. despite the fact it's already this high, in 14 locations it's going up another 20 cents on gallon in the next few days. people are rethinking their lifestyle. they are thinking that maybe the pain at the pump will get them off the rump. take a look at people out this morning on bay street filling up their tanks and emptying out their wallets at the same time. one woman a hundred dollar fill-up in their suv. official reason only a few

refineries make special blend of clean burning gasoline and three out of five in the bay area are closed for maintenance. so prices. >> some say places are dropping but dropping their car keys at te door and leaving the car behind. >> i don't really think about it i spend more time walking or use public transportation. >> so it's 2.30 in new zealand on premium. so, yeah. >> this isn't so bad. >> that works out to 9.50 per gallon of gas. if you go to new zealand you better have good credit. state average this is per gap of regular, today it is 4.25 a gallon. yesterday it was 4.21.

it jumped four cents overnight. average prices in san francisco, oakland you see they are hovering around $4.30 per gallon. ladies and gentlemen, there is an app on your smart phone, gasbuddy.com. there is a place gas station on fell street but not that far, less an gallon of gas, 4.11, you get exactly the same gallon of gas that you can get here for 4.59. gasbuddy.com. no affiliation to me. just thought i would let you know. terry mcsweeney, "abc 7 news." we have just learned the names of suspended sheriff ross mirkarimi witness list. he has 17 people he wants to testify including his wife. a neighbor, his former

girlfriend and "new york times" columnist and mayor ed lee who suspended him. they will decide whether the mayor was firm ground when he suspended him. mirkarimi's bruised his wife's arm on new year's eve incident. >> the mother of bart passenger shot and killed is criticizing how mehserle's request to get his conviction overturned. they found him guilty for involuntary manslaughter for shooting oscar grant. grant was not armed. the mother wants family members held a news conference. they are outraged that mehserle would want to be a peace officer again. he has served his jail sentence but he wants the court to throw out his conviction because he can't get another law enforcement job with a felony on his record. >> to allow someone back on the

forces like that, would be a disgraces to our community, to our society and it would be a slap in the face to me and my family. >> mehserle has contended all along the shooting was accidental. he claims he thought he was shooting grant with his taser. >> berkeley officials are trying to compromise a deal to end the occupation of university owned land by protestors wanting to use it for urban farming. amy hollyfield is live in albany. what kind of compromise? >> reporter: they are working on the plan right now. they want to take steps to ensure that urban farming continues here. so far they have taken steps to end what these people are doing here, but as you can see the occupiers are still on this piece of land. >> a lock on the gate and police posted at the entrance haven't stopped the occupiers to go on the property in albany known as

the gill tract. >> u.c. officials have tried to shut the protest down. the water has been turned off. university has sued the group and now has locked the gate. they say the tactics are having somewhat of an impact. >> the crops definitely been suffering. we 6 all the irrigation set up but unfortunately we don't have water to run it. >> but they are not discouraged. tools and water is being hauled over the fence. there are police officers here along with private security guards hired by the university but they are outnumbered and allowing it to happen. >> at first, i don't know what they are doing. i think they are in a sticky situation. >> everybody feels so good about what we're doing here. even a police presence is hard to bring down the move. >> a university spokesman says they are committed to keep urban farming on the land and wants to

negotiate a peaceful ending with this group. >> we would like to have a land. >> they don't want to promise of talks about continuing urban farming here. they want concrete plans, otherwise they aren't leaving. u.c. officials are expected to release a statement later today. just ahead, a magazine cover on the newsstands stirring a lot of controversy. debate that is growing over this mother and her almost four-year-old son. >> plus, waiting word from san francisco teachers on a crucial strike vote, could they walk off the job? copd makes it hard to breathe,

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from playgrounds to play groups, mothers are buzzing over the controversial cover of the latest "time magazine" hitting newsstands today. katie marzullo is here with a simmering debate over how old is tooled to be breast zbleegd there are health to breastfeeding but what about when the kid is standing on a stool? >> like mother, like daughter, 26-year-old mom who stroke this pose with her three-year-old son says my mother breast-fed me until i was six years old. the photos and article about attached parenting have

certainly sparked a spirited debate. >> i am breastfeeding a three-year-old. i am meeting the needs of a child that is almost done but he is not. >> you might recognize had her. she wrote a book beyond the sling. the stars of the view in the other corner. >> this is insane. >> if you can still milk you should not be breastfeeding. >> keeping children close at all times but a lot of the controversy comes down to breastfeeding. >> it's sexualizing breasts and blocks the biological function in child rearing. >> dr. jennifer axton says it's a low risk activity but they don't know how it will affect the child.

>> we follow the child until they are 40, are they serial killer on or are they normal. >> we have received plenty of feedback. my mom wasn't able to breast-feed me and i was attached to her anyway. i don't get this attached parenting. think think this picture is artistic and beautiful. to put it in some perspective for you, the american academy of pediatrician says they breast-feed until six months old. 40% are breastfeeding until 6 months and 15% is doing it exclusively and less than 25% are breastfeeding at one year old. >> a hot topic. >> speaking of hot. turning up the heat. >> hot in the inland. you can see pretty hazy but not

a spare-the-air day. cool weather coming for mother's day. >> thank you. no surprise all those claims that mayans predict the world would end in 2012 were wrong a new mayan calendar with revelations. copd makes it hard to breathe,@

so i wasn't playing much of a role in my own life, but with advair, i'm breathing better so now i can take the lead on a science adventure. advair is clinically proven to help significantly improve lung function. unlike most copd medications, advair contains both an anti-inflammatory and a long-acting bronchodilator, working together to help improve your lung function all day. advair won't replace fast-acting inhalers for sudden symptoms and should not be used more than twice a day. people with copd taking advair may have a higher chance of pneumonia. advair may increase your risk of osteoporosis and some eye problems. tell your doctor if you have a heart condition or high blood pressure before taking advair. if you're still having difficulty breathing, take the lead. ask your doctor if including advair could help improve your lung function. get your first full prescription free and save on refills at advaircopd.com.

teachers at san francisco unified plan to announce results of strike authorization vote this afternoon. they cast ballots yesterday. they are facing salary and benefit cuts over the next two years. their union contract expires at the end of next month. negotiations for a new agreement have stalled and officials are planning to issue 218 layoff notices by next weeks mandated deadline. some believe the world will end on december 21. a newly discovered ancient calendar says it's not the case. oldest known version of the mayan calendar deep in the guatemala rain forest and it goes way beyond 2012. they painted a much different picture discovered in ancient

ruins. it stretches some 7,000 years into the future. >> we are so relieved. >> don't spend everything you have. world will continue. there is a plan even for the weekend. >> depends what you need to plan for if you want to take mom to the beach. things are changing and show you what is going on. beautiful picture of hazy golden gate bridge and hazy headlands but offshore, fog is forming. you go to san jose, not be quite as hazy but this picture isn't showing as much as the other one showed us. you can definitely see hazy sky over the south bay. we talked about the high pressure and clouds that were going to move into the monterey

bay, they are moving farther up the coast. this may be the dominant feature in the weekend forecast for the coast you because this upper-level low is pushing this towards us. this cold front is pushing the upper-level low towards us and that will bring you us the cooler weather at the coast and eventually spread inland through mother's day. we're already knoll los gatos. 81 in fairfield. upper 70s in east bay valleys. everybody else in the mid to upper 50s until half moon bay at 56. it was 55 in santa cruz with the surge pushing the cooler ocean air in your neighborhoods. 72 in gilroy. sunny today except for the coast. warmer around the bay and inland. warmer tomorrow a inland and cooler everywhere on sunday. today we're about four degrees

warmer. san francisco we make it to 71 once again, oakland pretty close at 77. mid to upper 90 ease here for today. along east bayshore, mid to upper 70s. fremont around 80. south bay, mid to upper 80's with san jose and cupertino at 85 degrees. 75 in millbrae. 70 in san mateo but low to mid-80s for the rest of the peninsula. see the clouds at the coast keeping it low to mid 60s to near 70 in san francisco. if we see clouds it will be late in the afternoon. mid to upper 80s inland. mid to upper 80s inland around monterey. if you are heading to the game, 71 degrees dropping down to 61. temperatures tonight, clouds along the coast will be around 50. mainly low to mid-50s for the rest of us. if you are heading up to the sierra it's going to be sunny. temperatures near 70 in tahoe.

alpine meadows, you can ski one last weekend up there. it's the only one that is open right now. 90 inland while the bay remains the same and cooling moves inland. we drop about 4-6 degrees sunday and monday. slightly warmer tuesday through thursday, no rain in the forecast. >> we don't have to sweat it too much for mother's day unless you don't have a gift yet. [ laughter ] >> it is a sunday and we would like to see pictures of your mothers. here is mothers from abc news family. just go to facebook and click on the mother's day button and unload your family pictures. could be featured on abc7 news. >> something cute coming up. friday's perfect pet. >> mike nicco

today at 4:00, is your alarm clock making you gain weight? what it has to do with it. the troubled homeowners and bank settlement may make matters worse. those stories today at 4:00 and 5:00. >> that little alarm clock but time for perfect pet this morning. >> mike is back with a couple of pets. >> nice to see you again. here is krista. >> she is full grown, she is

very athletic, very smart. >> very hungry. >> sitting at my desk and he hopped into my lap. she is very friendly. she is a little bit shy, but we want to make sure had n her new home you socialize with her and warm her up to play time. i think she will be a great family pet as people take the time to socialize. >> you have to remember she is only a year old. >> exactly. >> great. just to get along with other cats but other dogs possibly. >> so far so good. >> she seems to enjoy being with him. she may have a mix in her so you have to be careful of that. >> if you are interest in princess or any of the dogs or cats. call the marin humane society. >> thank you for having us.

>> thanks very much. >> that is it going to do it for us. >> who wants to be a millionaire is coming up next. >> keep track of the latest breaking news on twitter and talk about it at facebook/th. >> have a great day and weekend. happy mother's day.