to do this, i have directed the department of the interior to conduct resales in the national petroleum reserve, while respecting sensitive areas. we plan to lease new areas in the gulf of mexico as well and work to create new incentives for industry to develop the unused leases both on and off shore. we are also taking steps to give companies time to meet higher safety standards and it comes to exploration and drilling. that is why my administration is studying areas in the gulf that were impacted by the temporary moratorium, as well as areas of the coast of alaska. i am establishing a new team to coordinate work on alaskan drilling co ordinance. finally, we should eliminate the taxpayer subsidies would pay to oil and gas companies. the biggest oil companies made about $4 billion in profit in the last two months each week, and yet they get $4 billion of taxpayer subsidies each year. $4 billion at a time when americans can barely fill up their tanks. $4 billion at a time when we are trying to reduce our deficit. this is unfair. it makes no sense. before i was president, the mr. chairman

new home prices are more than 30 percent higher than median price of resale twice the normal markup. realtor say the deals are with older homes and many buyers favoring older discounted resale homes. >> we are doing a better job paying our credit card bills on tile. credit reporting agency transunion says late payments are at the lowest level in 15 years. nationwide the rate of payment 90 days or more past due on bank issued cards dropped to point 74 percent in the first quarter of 2011. it peaked in early 2009 in the middle of the recession at 1.32 percent. >>> so positive direction in that regard. >> spencer is here with less windy today. >> that's true. a lot less windy. things calmer now. we have a little rain on the way but very little and most of the forecast is looking pretty goo good. >> even memorial day but temperatures over the next week or so will be a little bit below the average but we are not going to be freezing. so we'll be fine. >> we'll make it. >> here's a live view for roof top camera. looking back at coyote tower here in the city. one of the landmark in san fran

on page 11, we are significantly reducing our recommendation with respect to power for resale. supervisors, this is based on documentation which he provided us this morning, which had not previously been provided. where we have a recommendation of $500,000 for power or resell and reduction, we are reducing that, in total, to $250,000. we are reducing our recommended reduction. that is true in both 2011-2012 and 2012-2013. on page 18, the recommendation for equipment purchases, we are with strolling $100,000 on both. the bottom line is, supervisors, if you go back to our summary comment on page 7 of our report, where we previously recommended a reduction of $4 million, we are now recommending for your consideration, reductions of $2 million and 412-13, where we previously recommended reductions for your consideration of -- we are now making recommendations for your consideration -- i would be happy to respond to any questions. supervisor chu: thank you, mr. rose. to confirm, the department is in agreement with the recommendations? yes. thank you. i believe the representative fro

that would probably change dramatically the resale they'll -- value on that universes' the house in sunset. these are wild figures. we have to go to seek professional advice with the intent of satisfying your goal, whatever your goal would be. this is a question when representing sellers that we get all the time. it should i do this or that? you really need somebody that is in the industry to come with you and go through and say, don't do that, but painting this would be great, but don't put in a new counter in the bathroom or kitchen. it is item by item, neighborhood by neighborhood. sometimes, sellers are under the impression that if they agreed to the kitchen, that will add more value than they spent. oftentimes, it is the case that the buyer will not want what you as a seller chooses. in fact, it is a detriment. sometimes it will turn buyers away. it is already begun. i don't want to tear it out. i don't want to pay for someone else's remodel. a lot of times, money well spent is an old adage, but things -- just selling a house, paint is the best thing you can do. >> pete is the number

instead of reducing the power for resale at -- by $1.5 million, it's $22450u7bd. and finally, on air travel, they're increasing the recommendation from $3,500 to $4,500. i believe that these are fairly noncontroversial. the department is in agreement with these changes as well. supervisor mirkarimi: i'd motion to accept the budget analyst's recommendation. supervisor chu: ok. a motion with those amendments to it. without objection. ok. those are the actions before us. supervisor chiu. supervisor chiu: i do see the head of oewd here and i know we've this question ongoing for the last hour and a half of the total number of jobs that were created versus the number of jobs created for economically disadvantaged individuals and i know that has relevance to some of the things we're thinking about so if you have a perspective on that. >> sure, supervisors. jennifer from office of economic and work force development. the numbers we keep around employment on different industry sectors we do so for purposes related to understanding how sectors are growing. we get those numb

markets opened and markets there are down despite job was dropping by forty four thousand wholesale resales is also right that this isn't helping the market come back the dow and the nasdaq and them off the scent they're appealing the stock market so also down at this salford see down one percent dax one and a half percent returns that is one of the few still to which is trading higher on the dax as airlines are benefiting from a low cost low cost of jet fuel. here in russia just another fifteen minutes or twenty minutes to go before the end of the session for them oil prices of course taking a toll on the markets the r.t.s. is down to an opposite my sixth one the half a cent take a look at some of the movers on the of myself not surprisingly energy and metal stokes having a bad day goes from is down to now percent so it was a nervous wreck put sevastopol is. slightly bucking the trend it's not bad for the most is holding news is buying into coulson and or company in brazil. and other news the world's a top aluminum producer roussel has travelled net profits almost seven hundred fifty milli

in the west resales were down 1.6%. >>> and did you notice the warm up today?emperatures a good 10 degrees warmer than yesterday. these were the high that is we had. we had lots of fog along the coast. and right now as we speak, we have lots of fog along the coast again. visibility low down to half a mile. if you're driving around there in the morning, you know it'll be foggy. the sunset district up toward stinson beach as well. fog back in the forecast coast side. but plenty of sunshine tomorrow. overnight lows are in the 40s and low 50s. your friday forecast looks good. temperatures in the 70s. when i come back we're going to look at specific cities for friday and we're going to look at the bay area weekend which brings in some clouds, see you back here. >>> a south san francisco boy's doodling is going on display tomorrow with millions of the internet users as his audience. this work of art by mateo lopez won the annual doodle for google contest and it will appear on google's home page tomorrow. mateo is 7 years old and beat out 107,000 entries. he received

good news that several sites are there where you can resale the deal. >> recoup passport com.have deals and on line market place conversely you might find a deal that you missed on the sites. >> here is tips to prevent you -- buy coupon to places where you live and work. if you see the business day in and out, you will get around to using the coupon. buy from national retailers, too. they have so many locations. there was a popular deal . also consider getting your friends on board. you can buy the same coupon and if you can't get in on it, an extra friend can get on it. next question right now. oh, okay. when i am driving in a car pool lane and the hov lane does fast track account get charged? >> you guys know what i am talking about. hov lane that has a fast track. cuget on it . i am driving down the road and. person next to me. how do we know that we are not being charged? that is a excellent question. brenda and in fact, we were being charged. if you are in the hov lane and fast track sitting there, you have to take the fast track down and put it away or you will be charge

the giants' victory against resale is .hey ate were shut out for the sixth time the share. >> of bay area native was just seconds away from winning a big race at the indianapolis 500 more from the raceway word j. arthur started his career >> close of but not quite >> it would of been gray had j r one in indianapolis 500. >> it was a finnish we never want to forget. as disappointed as he and the whole family is. >> this is a look at the raceway where he started his whole career. >> to have someone that is local and that learned this track and master's the art of raising it was so exciting. we never thought this 23 year-old kid would wind up as an indy champion. >> kron is also giving you a chance to see u-2 in concert. all you have to do a is like us on facebook and you will be in the contest. all you have to do is convert to kron 4 facebook page and like us. and don't forget to drop off your slightly use use on monday june 6th at the hard rock cafe. >> some more information on the " fatal accident on one- to-one. >> this di

in the west resales were down 1.6%. >>> and did you notice the warm up today? temperatures a good 10 degrees warmer than yesterday. these were the high that is we had. we had lots of fog along the coast. and right now as we speak, we have lots of fog along the coast again. visibility low down to half a mile. if you're driving around there in the morning, you know it'll be foggy. the sunset district up toward stinson beach as well. fog back in the forecast coast side. but plenty of sunshine tomorrow. overnight lows are in the 40s and low 50s. your friday forecast looks good. temperatures in the 70s. when i come back we're going to look at specific cities for friday and we're going to look at the bay area weekend which brings in some clouds, see you back here. >>> a south san francisco boy's doodling is going on display tomorrow with millions of the internet users as his audience. this work of art by mateo lopez won the annual doodle for google contest and it will appear on google's home page tomorrow. mateo is 7 years old and beat out 107,000 entries. he receive

. >> verizon customers who bought them iphone, the resale value is less.much talk this week about dtata breaches has put international free internet security back into the spotlight. >> to the cloud. >> we have heard wethe cloud. is even part of the conversation in washington. >> i don't think this legislation will affect cloud computing. i think companies are migrating to the clout. >> the cloud is shaping up the best place for the digital data storage for consumers and companies. >> the term 'the cloud' has existed since the 1960's. >> it was derived from the drawings that the internet and indicates and it has evolved into something better. >> cloud computing is a new way of looking at them during that uses services to deliver v toia a utility. >> it involves physical locations with china servers out there are not widely. >> . they have strong physical security and strong electronic security. >> becloud service stores the data as well as software to access the. >> all of your data does not reside with you and your laptop or desktop computer. it is in the

turns out the resale value of the verizon iphone doesn't stack up against its at&t counterpart now payingto $328 for a mint condition 15 gig iphone 4 from verizon but that's 15% less than the $390 being offered for the at&t version. now, the at&t phone holds its value better because the technology is used in more countries and because we have heard it many times all the commercials it is the one that allows simultaneous talk and data use at the same time. >> we are still dumbfounded about it. >> you are still talking about pg&e. >> you should have seen our faces. >> thank you, julie. >>> google has helped the city avoiding layoffs. google agreed to pay the city for a 52-year lease on a piece of land all up front. and that amounts to $30 million. it is a nine-acre lot where google hopes to expand its business some day. it will help the city deal with its budget gap. >> this is going to help bridge 1.1 million of that deficit by generating interest earnings to help avoid other types of service level reductions. >> mountain view still hopes to get concessions from some of its unions to help

there are a bunch of resale sites like ebay or stub hub for daily deals.? you go on lifestyle.com, deals go around dotcom and coup recoup.com and you can sell your deals on these sites. the earlier you post the better. you don't want it to get too close to the expiration date, otherwise you may not be able to find a buyer. >> can you get full value back? >> you know what, there's a little bit of a fee to post your deal, but if it's a really in-demand deal, like that nordstrom rack deal from groupon in the fall was really, really popular. it actually sold for higher than what it was originally sold on groupon because people just wanted the deal. so you can make a profit. >> make a little money on it. all right, farnoosh, thank you. >> you're welcome. >> we'll be r,,,,,,,,,,,,,, >> be sure to stay with cbs for live coverage of the launch of the space shuttle "endeavour." ,,,,,,,,,,,,,, headlines... this morning san mateo county po g down of a >>> it is 8:55 a.m. time for news headlines from cbsa. san may deo county postponed cuttling down this -- pay deo cou

the president said the department of the interior will work to increase production by starting new resales the permit process for drilling. mr. obama also continued his call for the ends of oil company tax subsidies. >>> former arkansas governor mike huckaby could announce his presidential campaign later today on his fox news show. huckaby told his radio audience yesterday that he plans on making a very important announcement. it's been widely speculated the former governor would join the race for the white house. the announcement if it comes would come one day after texas congressman ron paul announced his presidential campaign, and former house speaker newt gingrich announced his on wednesday. >>> governor jerry brown will release his revised may budget monday morning. will he hold out hope for an extension of temporary taxes or call for an all-cuts budget? >> republicans, republicans! >> the teachers at the capitol in sacramento want republicans to agree to the extension of temporary taxes, hoping to avoid more cuts to education. the teachers tried to spehr swayed g.o.p. lawmakers that

. >> and not for resale. >> well, somehow there's a business made out of selling them, and they claim to be rather current. cq sells them on their web site for a very high subscription, and so i'm just curious what the secret is that they have and how it is they did that. it's interesting. >> i mean, as far as i know no one has determined, for example, where the wikileaks bulk access came from, and crs, i'm sure, were they here on this panel, they would be very pleased to know how their reports are leaking out. they have taken serious depths to -- steps to try to prevent that. that is the leaking out not through authorized means. as far as i know they have not been successful in determining how that's happening. maybe steve, do you know any more about this? >> um, you know, as far as the people who market the reports, obviously, they have an inside source who is funneling them to the, to the vendor presumably for a profit. it's kind of sordid. i could tell you that in the late 1990 when the crs internal web site was still just getting off the ground, a colleague of mine discovered tha

resale provisions would prevent application of business and occupation tax when digital good and services are licensed even though no discriminatory or multiple taxes are imposed on these transactions. these provisions mean banking services provided online by remote sellers to escape taxation. the same kinds of services provided by small -- would be subject to tax. discriminatory or multiple taxes are vaguely defined. we will be fighting for years on what those include. we have been told in other testimony that telecommunications -- a good model for state and local business cooperation. we agree. we agree it is a good model because there was a strong partnership between businesses and the states in developing it. there has been no such partnership here. we do have models for such partnerships on digital goods and services in the streamlined sales and use tax agreement. business works to adopt sourcing rules and bundling rules that member states would be required to use when taxing these products and services. because we agreed to the changes business wanted by state had to adopt a new imp

>>le also, the six dos and don'ts when it comes to home renovation if you are looking at resale valueparently some people work on are a waste of money. >> let's begin with the surprising news that arnold schwarzenegger and maria shriver have split. miguel almaguer has details from los angeles. good morning. >> reporter: good morning. maria shriver and arnold schwarzenegger called the breakup a private affair, but for decades this was a popular, powerful and public couple. together saturday, former governor arnold schwarzenegger and maria shriver attended their nephew's college graduation. the former first lady without her wedding ring. in a short statement they said, in part, after a great deal of thought, reflection, discussion and prayer, we came to this decision together. at this time, we are living apart while we work on the future of our relationship. the couple has reportedly been separated for weeks. video of shriver last month showed her, again, without her wedding ring. >> like a lot of you, i'm in transition. >> reporter: two months ago on youtube she posted a video talking

and we continue to hold resales for 2011. we of more planned for 2012. in our view, if we were able to shorten the lease terms, some of this area that is held out there would be rejiggered be a greater incentive for the companies to know they have x -- that is held out there -- there would be a greater incentives for the companies to know they have a limited time for development. you know, i think alaska -- as you and i have often spoken, senator murkowski, it is a world unto itself. we need to recognize the realities in the arctic, offshore or onshore, a reality is that require us to impose, if you will, some of the same requirements that we might say if we were talking about onshore in the state of new mexico. >> very briefly, and i think my colleagues will pick up on this as well -- there is been discussion about the length of time and why it takes as long as it does for a permit. your proposal is to allow for additional time for these drilling permits, increasing from 30 days to 90 days, with the ability of the secretary to expand to an additional 18

not in bulk and not for resale. >> somehow there is a business made out of selling them, and they claim to be rather current. cq sells them on their web site for a very high subscription. i am just serious -- curious what the secret is they have and how they did that. >> as far as i know no one has determined where the wikileaks bulk access came from they would be pleased to know how the reports are leaking out. they have taken serious steps to try to prevent that, the leaking out not through authorized means. the know anymore about this? >> as far as the people who market the reports, obviously they have an inside source that was funneling them to the vendor. i can tell you that in the late internal webcrs site was still getting off the ground a colleague of mine discovered that the search engine for the web site was unsecured. so if you type in nuclear under search you get a current report that has the word nuclear, which were promptly down loaded and have had hours of the light from. then in a classic violation of good intelligence tradecraft i went on to write about this episode and