the proximity to berkeley and stanford, research and development that is here and human capital. we know what is happening in connecticut and boston and san diego. they understand these ingredients. the organic growth as part of the dna, and the lifeblood of san francisco. i am here as the mayor, to promote this wonderful city. i am here as a small business person. i look forward to getting back into the business world and i hope that i will continue to find growth and opportunity to invest in the san francisco bay area. and i am here to tell you that now is the time to invest in the city. the opportunity to find a big space has never been self- evident. could not be like those companies that have to spend hundreds of thousands of dollars per month going to the south bay. you could spend less money by going to where the employees already are by opening and expanding in the city of san francisco. i am a little bit uneasy, being here. but i will say this. i just came back from the debate of the lieutenant governor. i am here to thank you for all of your hard work. thank you for you

some are forced to slash their budgets for research and development. but one company has come up with a way to get innovative ideas cheaply. >> reporter: a new kind of colander for squeezing out water. a couple who run a noodle restaurant invented it. the company that makes the device sells 7,000 a month. this tokyo factory is where the colanders are made. the company's main business is making gears for office data equipment. but most of the company's clients moved their manufacturing facilities to china in southeast asia where labor is cheaper. the company's sales are now a quarter of what they used to be. the firm wanted to tap into a new market while keeping research and development costs low, so they asked local residents to suggest what to make. >> translator: many companies folded, or went out of business, because the parent company was no longer around. if we wanted to stick it out in japan, we realized the only thing we could do was manufacture things for which we could obtain the intellectual property rights. >> reporter: the company solicits

those are a number of things, along with increasing our biotech tax credit, extending the research and development tax credit and launched an initiative called bio 20/20, which is $1.3 billion vision to increase maryland's lead in biotechnology. we have moved up in the course of the recession from fourth to second place in biotech and the jobs created at metimmune and human genome sciences and we have the same thing to do where cybersecurity is concerned. senator mikulski is part of the and we are moving forward to make sure the jobs stay here and are filled with maryland workers. >> a small business bill of rights because small business owners are hammered in the state of maryland today. you know it. we have been hammered. we have one of the most hole host tile business environments in the country wretch close to 50 with regard to our business climate. i have had 70 to 75 small business round tables around the state of maryland over the last year. thousands of small business people step forward with regard to your agencies. they are getting hammered. they are treated like a sheriff. not as a part

those are a number of things, along with increasing our biotech tax credit, extending the research and development tax credit and launched an initiative called bio 20/20, which is $1.3 billion vision to increase maryland's lead in biotechnology. we have moved up in the course of the recession from fourth to second place in biotech and the jobs created at metimmune and human genome sciences and we have the same thing to do where cybersecurity is concerned. senator mikulski is part of the and we are moving forward to make sure the jobs stay here and are filled with maryland workers. >> a small business bill of rights because small business owners are hammered in the state of maryland today. you know it. we have been hammered. we have one of the most hole host tile business environments in the country wretch close to 50 with regard to our business climate. i have had 70 to 75 small business round tables around the state of maryland over the last year. thousands of small business people step forward with regard to your agencies. they are getting hammered. they are treated like a sheriff. not as a part

the long-term growth is in the research and development. let's get nanotechnology where every room has a shingle that has a built in solar power -- panel. >> i think we need to do everything we can to lead the nation in renewable energy. we're the sunniest state and we have the most geothermal in the west and we have a lot of wind. it is easy to say let's do it and not support the things that make it happen. he voted against the recovery act that had tax breaks for renewable energy. a lot of investment in research and development has been called the biggest energy bill ever. he is opposed to the energy bill which would jump-start our renewable energy. he says it is not his job to create jobs but he is saying let's do research and development. he talks about wanting to do all these good things that everyone supports and sounds great but he does not want to send any money. i do not know how he will pay for. i say let support it and let's do it. that is what i have done. >> i was not in congress to vote against the recovery act. you keep refer

the proximity to berkeley and stanford, research and development that is here and human capital. is happening in connecticut and boston and san diego. they understand these ingredients. the organic growth as part of the dna, and the lifeblood of san francisco. i am here as the mayor, to promote this wonderful city. i am here as a small business

expanding the use of automatic and remotely operated shut off valves investing $10 million to research and develop next-generation inspection technologies and review and upgrade its risk assessment program and provide first responders the information needed to better respond to a pipeline emergency. >> we feel it's necessary to go beyond the existing regulatory requirements and move to new and higher level in terms of the focus on safety and reliability to >> did pg&e isn't wasting any time with these plans the have a proposal in front of the puc in the next couple of weeks in regards to the automatic shut off valves. the amount of time it takes to get through the regulatory process is anyone's guess that those changes could begin sooner than later. pg&e headquarters stan herman kron 4 news. >> and national news a federal judges issued a nationwide injunction stopping the enforcement of the don't ask don't tell policy that could be the band. but today's ruling comes from a federal judge in california and is being cheered by gay-rights organizations and their credit in her getting accomplished what

. >> south american countries have so far provided little funding for research and development, less than 1% of gdp. but they have been acknowledged that that cannot continue. they have been increasing their funding every year, even more strongly than their gdp growth. >> many german companies and research institutes are hoping for contracts with this increase in r&d funding. in addition, germany and argentina have founded a joint operation for science technology in when osiris -- in buenos aires. >> in berlin, excitement is mounting ahead of friday's 0 qualifier. -- friday's euro alifier. the match comes amid a political debate about how to better integrate the country's immigrants. but on the soccer field, there is already progress. >> in german and turkish kids placed side-by-side on this soccer field in northern berlin every day. almost every second player here is from immigrant background, similar to the german national team. >> soccer offers a chance to these kids. they love the game. that is obvious. you do not need to look hard to see that. and the game is so international the

. >> business leaders pushed the need for research and development centers in japan. they've also asked the government to promote epas and cut corporate tax to enable domestic firms to better compete with foreign counter parts. in addition, they call for support with agricultural issues, which often pose a challenge in concluding epas. the government said it will hammer out a plan by early november. >>> in september, japanese authorities intervened in the foreign change marx to reverse the yen's advance against the dollar. many market watchers believe that the impact from unilateral intervention limited. despite the $25 billion market action, the yen has continued to rise. a small country in europe also plagued by foreign exchange woes tried to intervene in the markets to tame its currency. what were the results? we report from geneva. >> reporter: a weak euro is aiding recovery of economies in the euro zone. a strong franc is having the opposite effect here in switzerland. the country's known for its beautiful scenery and tourism is one of the main industries of the s

it will contain an research and development strategy to help the manufacturing. >> this is a perfectxample of the way china does trade. why is the united states no longer in the rail business? they were low balled out. the united states is starting to rebell against it. >> and that is all the time we have for today. thank you for joining us. we appreciate it. coming up in my notebook, why international aid is important to international security. >> last week, the secretaries of state and defense and treasury came together to make the case for international development. a week earlier, president barack obama made international development a core policy aim. it is an overdue shift. military members have made the link. now a poll shows that four out of five officers believe that food aid and educational programs help achieve security goal. the defense secretary bob gates called the diplomatic aid a force multiplier. he says they need more funding after spending trillions of dollars on wars in the past decade. congress must fund aid programs to telegraph to allies that america is not a m

took local manufacturing companies, sold them into big conglomerates, stripped out their research and development capabilities, and sent those jobs overseas. and when they get finished doing that, they invent these crazy mortgage schemes, subprime mortgages, and the invent ways to bet on those like credit default swaps and other wall street products. wall street became a casino. they wonder if the morality that allowed wall street to do that, to make deals instead of investment-making products, is the same thing that is afflicting us because we're not as rigorous as our parents were. tavis: they don't see president obama as the kind of leader who is pushing back on that with your financial reform package, pushing back on the insurance industry with health care reform? >> no, they don't. they don't know what is in the financial regulation package. do you? i am not sure i do. i talk to people in the banking industry who don't know what is ended. that are simple ways to do this and there are more radical ways, and the president has chosen accommodation rather than confrontation. i understand that. t

expanding the use of automatic and remote-operated shutoff valves, investing $10 million to research and develop next-generation inspection technologies. review and upgrade its risk-assessment program and provide first responders the information needed to better respond to a pipeline emergency. >> we feel it's necessary to go beyond the existing regulatory requirements and move to a new and higher level in terms of the focus orn -- on safety andability. >> reporter: pg&e says it doesn't know the cause of the explosion, but says when it does, it will make whatever additions or changes that are necessary to the program. pg&e isn't wasting any time. they'll have a proposal in front of the city in the next couple of weeks. the amount of time it takes to get through process is anybody's guess, but those changes could begin sooner than later. kron4 news. >>> heated words and accusations at the final debate between california's candidates for governor, meg whitman some jerry brown traded blows on many cs >>> tonight's headlines, federal judge put a stop to enforcement of the military's don't ask, don't

. >> south american countries have so far provided little funding for research and development, less than 1% of gdp. but they have been acknowledged that that cannot continue. they have been increasing their funding every year, even more strongly than their gdp growth. >> many german companies and research institutes are hoping for contracts with this increase in r&d funding. in addition, germany and argentina have founded a joint operation for science technology in when osiris -- in buenos aires. >> in berlin, excitement is mounting ahead of friday's 0 qualifier. -- friday's euro qualifier. the match comes amid a political debate about how to better integrate the country's immigrants. but on the soccer field, there is already progress. >> in german and turkish kids placed side-by-side on this soccer field in northern berlin every day. almost every second player here is from immigrant background, similar to the german national team. >> soccer offers a chance to these kids. they love the game. that is obvious. you do not need to look hard to see that. and the game is so international t

now he is saying let's do research and development. he talks about wanting to do all these good things that everybody thinks it sounds so great, but he doesn't want to spend any money. he does not want to vote for any of the bills that make it happen. i say let supported and let's do it, and that is what i have done. >> i was not in congress to vote against the recovery act. the clip he referred to about not wanting to create jobs is a clip you took out context. the follow-up to that was, it is the role of the government to create the conditions in which the private sector creates jobs. it is not the government bring in the jobs. it is private industries. we need to make sure we said the conditions through regulatory structure to encourage those businesses to do the things for our state to diversify the economy. >> it is up to government to help create those jobs, which is exactly what was in the recovery package. a number of tax breaks for small businesses. we have given tax breaks to businesses who are hiring. we eliminate the capita

to make permanent a very generous, much more generous tax credit for firms that conduct research and development in the united states. you know, investments in the ideas of the future, the technology of the future. and he proposed to make that permanent at a more generous level. so more more of the investment that's going to come to meet this growing demand around the world comes in the united states. and he also... one more thing, charlie. he also proposed to provide a... for a one-year period 100% expensing of new capital investments. so a new business makes an investment to buy equipment tomorrow... >> rose: they'll back this. >> exactly. and those things are a start. and the benefit of these things are they're good for investment, good for long-term growth. and in the past they've had a lot of republican support. so we think as we move to extend these tax cuts for the middle-class, if at that same time we can do things that are good for investment, that would be a powerful mix of additional support, very sensible design support for the economy. >> rose: the stimulus program. let's unpackage

it did not go to new jobs, new investors or research and development like the corporations promised and this came out by a way of the report of one of president bush's economic advisors who was involved in the program recent came out with. >> but it's a different time now. unemployment near double digits and we have workers who are doing, two, three jobs apiece. isn't, wouldn't they be hiring new people if they did bring the money back? >> well, i think, yes, absolutely, brenda. i think this is one of those kind of squeeze out of the vest, if you remember that phrase, means the same, this is a no-brainer. and look, dr. bob, we've already seen-- in fact, i don't know what the next, said this is a jobless recovery. i don't know what the next step is, because in fact. more jobs were lost since the stimulus started than were created so we're really down on jobs, showing, look, the fact is, the stimulus money that the department of the spent did not create any net new jobs and now, region na said, okay, maybe it comes back here and the companies don't use it as efficiently as possible. well,

in the first place, there is a lot of research and development that can be done that is not done commerciallyause it is not directly tied to corporate profits. the government can organize and has in the past organized and promoted this development historical. the government can be a source of technology. you have to be careful that you are not trying to project commercial winners. >> or run an industrial policy, which happened with nuclear. the government planned outpoll thing. >> right, one of these technologies you thought was going to change the world and it had drawbacks and concerns that were not obvious at the time. >> it also ran into a particular social time. >> of course, but that started the world we live in. technology is this of the two civilizations' and social mores. that is in mankind and that is under the control of our political agreement. your question goes deeper than technology. your question goes to what is the function of government? one thing that bothered me a lot of recent years is i was one of those people who got it and laughed when ronald reagan said do not go to g

but the tax credit will be important to businesses who want to do research and development and do theur companies here in the united states are so good at and historically have done. so we want to incentivize them to do that. >> let me interrupt for one second -- is it fair to call all of this the bundling of the new initiatives coming forward with a second stimulus package? >> i wouldn't call it a second stimulus. i would say the phase we're at now is to really do targeted investment to induce businesses to do what they do best. we want them to grow. we want to foster an environment where it's conducive. we want to encourage them they're thinking about it and they're not quite sure they want to do another research project that will lead to innovation and jobs in the 21 ds centust centue give them the tax credit to do it. it's tarlt p targeted, focusing on construction where we know we have a large unemployment in the construction field. it's focused on small businesses, medium and large. as you know, wolf, last week, we passed a small business package that will create additionaliv f

we're going to spend over $6 billion this year in research and development. that's bringing great products to market. in addition to that, we're going to go off and do a couple of key acquisitions. >> tom: do you think companies have any moral obligation to spend excess reserves? >> i think companies have a moral obligation to do the right things for their constituencies. for us, our constituencies are our owners. we're always looking at how do we create shareholder value? our employees. and then where we have operations we want to do the right things for the countries and the environment. you know, that constituency as well. >> tom: stacey smith is the chief financial officer at intel. >> my pleasure, thank you. >> tom: it was a choppy trading session for the major indices, as they continue hovering around six month highs. >> tom: it was a choppy trading session for the major indices closing near their lowest prices of the day but still higher compared to the last session on friday. let's get you updated in tonight's market focus. continue hovering around six

those are a number of things, along with increasing our biotech tax credit, extending the research and development tax credit and launched an initiative called bio 20/20, which is $1.3 billion vision to increase maryland's lead in biotechnology. we have moved up in the course of the recession from fourth to second place in biotech and the jobs created at metimmune and human genome sciences and we have the same thing to do where cybersecurity is concerned. senator mikulski is part of the and we are moving forward to make sure the jobs stay here and are filled with maryland workers. >> a small business bill of rights because small business owners are hammered in the state of maryland today. you know it. we have been hammered. we have one of the most hole host tile business environments in the country wretch close to 50 with regard to our business climate. i have had 70 to 75 small business round tables around the state of maryland over the last year. thousands of small business people step forward with regard to your agencies. they are getting hammered. they are treated like a sheriff. not as a part

expanding the use of automatic and remotely operated shut off valves, investing $10 million to research and develop next- generation inspection technology. review and upgrade its risk assessment program, and provide first responder is the information needed to better respond to a pipeline emergency to >> read we feel it's necessary to go beyond the existing regulatory requirements and move to a new and higher level in terms of the focus on safety and reliability to >> rig pg&e said it still doesn't know the cause of the several explosion but says what it does it will make whatever additions or changes that are necessary to the program to >> read pg isn't wasting any time with these programs will have a proposal in front of the puc in the next couple of weeks in regard to the automatic shut off all security about time to get to the regulatory process is anyone's guess. those changes could begin sooner than later. pg&e in san francisco kron 4 news. >> >> it remains very hot this afternoon with temperatures in the upper 80's, low 90s we have red flag warning and an excessive heat watch a fact. this wi

earlier this week, the chip giant announced plans to spend $6 billion dollars on research and development. it's also forking over more than $7 billion to acquire internet security firm mcafee. stacy smith is the chief financial officer at intel. he tells "nightly business report" using cash wisely is good for intel investors. >> i think companies have a moral obligation to do the right things for their constituencies and for us our constituencies are our owners, so we're always looking at how do we create shareholder value. our employees and then where we have operations we want to do the right things for the countries and the environment and that constituency as well. >> susie: on monday, you can see our entire interview with smith. he explains how intel makes decisions about its $20 billion pile of cash. >> susie: it was a mixed day for the markets but for the week they were up. that makes three in a row. some nervousness about that g-20 meeting of finance ministers this coming weekend. >> tom: yes, that communique will come out before the market opens on monday, but the focus remains o