which is the global grade of oil that the world has paying the price for brant in the last year so i think you know yes well prices have just briefly come up above one hundred dollars a barrel but i just don't think you know when the levels at which we're operating at our economies are going to be able to sustain that so i think it's probably time to see a weakening face of oil prices all right greg mcdonald right a time thanks again for being on the kaiser report thank you max all right that's going to do it for this edition of the kaiser report with me max kaiser and stacey herbert and with a my guest gregory macdonald if you want to send me an e-mail please do so at kaiser reported r t t v dot are you also follow me on twitter at kaiser report or on facebook kaiser report as well and so next time just max guys are saying. in the interim. i'm.

is tim brant with more. >> good morning. joe paterno was fired last night. trustees said the was in the best the university. he handed in his resignation day effective at season.of the not want to wait. he has been the coach since 1966. he is in the college football of fame. his team set records with 37 ball appearances. graduation rate players. he was thought to be the gold the way a program .hould be run than fouren more penn statelars to university. not charged with a crime he notified his superiors found out. confront jerry sandusky or law enforcement. board made the decision to fire him. a legendary career comes to an end. a friend of mine has been fired. the board of trustees made a think is best for the university. the >> we will talk about that to come. 50 degrees. the news continues. >>> we learn more about the mishandling of service member the remains. the landfill where a body parts were down. >> a washington nationals player kidnapped. have the details. morning andkle this a cold front. a transitional day today. [ male announcer ] the chicken mar

. >>> you are watching abc7 news at 6 with gordon peterson, maureen bunyan, doug hill, and tim brant.his is abc 7 news at 6. on your side. >>> police are investigating a crash. abc7 was on the scene this morning. this happened around 6:00 this morning. the moped driver died. the car driver did not stay at the scene. >>> it is the season of giving but when you donate to your favorite charity, where does it go? >> in a report on charity budget got our attention, including the one that helped build the martin luther king, jr. memorial. it looked at the hefty salary being paid to the memorial's ceo. the new martin luther king memorial commands a big presence here. the foundation's president and ceo commands a big salary, more than $277,000 last year. >> that is absolutely ridiculous. >> people donate their money to help out whenever foundation they're working with, not to pay someone to sit behind a desk. >> charity navigator assesses u.s. charities. they're ranked them a fourth for highest-paid ceo's who spends less than 60% of their money on natural programs and services. there was a ne

brant could not attend today's meeting, so at this time, we will open up for public comment on this item. is there any public comment on item two? seeing none, public comment is now closed. marc brandt is a direct appointment by our district three supervisor and president chiu. motion? the motion. supervisor kim: we have a motion to move forward mr. brandt was positive recommendation. can you call item 3? >> item 3, hearing to consider appointing three members, terms ending december 31, 2012, to the medical cannabis task force. there are three seats and five applicants. supervisor kim: the committee has done a number of letters this week asking us to continue this item. we did speak with supervisor campos' office because his office did start the medical campus task force. i know some applicants are still here and you are of course welcome to speak, but we will not be deciding the issue today. i do see some of the candidates here because i have met with you prior as well. if you would like to speak, please come up. i think it is kind of in the same order. i see marguis here. carol blecker

watching abc 7 news at 11:00 with the leon harris, alison starling, meteorologist bob ryan, and tim brant sports. this is abc 7 news at 11:00. on your side. >>> right now we are on your side with breaking news that we are just getting in from new york. we have learned that former heavyweight champion joe frazier who fought muhammed ali three times has died. this comes days after the rumor that joe frazier was suffering from liver cancers. he was diagnosed last month. the boxer had been in and out of the hospital since early september. joe frazier has died at the age of 67. >>> also, new at 11:00, a showdown over freedom heads the nation's cigarette companies. this time, but tobacco is scoring a big victory. >> the issue and sentence are around graphic new warning labels aimed at preventing smoking. why you will not be seeing them in the near future. >> it halted a plan by the fda to have graphic images showing everything from smoke coming out of a tracheotomy hole. the issue has gone from a health concern to the first amendment. they are graphic and they are supposed to be. >> i do not sm

who turned it in the mill stone who took some of the country house today is the bull tells the rim brant the crew me to feel. the oil pull the rubens hotel. whistle blow up when did the high court in london rules the wiki leaks founder julian assange should be tried in sweden over a controversial sex crime allegations. a sense of disillusionment dominates the protests ahead of the g twenty summit in cannes as world leaders gather to contain the global financial mayhem and the greek announcement of a referendum on the future of the eurozone has only fuel the flames. results of the investigation into september's plane crash that killed a russian hockey team name a pilot error as the cause and speak of traces of a strong sedative in the co-pilot's but. a very warm welcome to you this is from moscow with me. wiki leaks founder julian assange may find himself on a swedish soil very soon after losing his battle ago.

hotel they can still switch on the millstone hutto some country house today is the pool tells the room brant the crew made the choice to feel. the oil the ruben's hotel. russian businessman adventure boat is found guilty of attempting to sell weapons to a terrorist organization he's due to be sentenced by york in february and could face life behind bars. greece's plan to bail out referendum a book that sent shock waves around the world stock markets takes center stage at the g. twenty summit in cannes germany and france and say there will be no cash rations until it decides its own course. wiki leaks julian ass songs his that his appeal against extradition has been rejected he comes out on to the steps of the high court to criticise the european arrest warrant. and broadcasting live direct from the heart of moscow this is r.t. i'm sean thomas certainly going to have you with us russian businessman a victor boot has been found guilty of trafficking arms to terrorists by a new york jury arrested in thailand.

still certain the millstone hotels some of the old country house holiday in the full times the rim brant the crimean the chose to feel the montague the town the oil the rubens hotel. angry from minute to join up on track our ideal position to have reached an agreement on forming a unity government under a new to me debt to be discussed on monday. in the u.s. for the lockdown on the peaceful anti corporate occupy movement spreading across america for nearly two months now. also questions the legality of the verdict in the new york trial of russian vick to boot facing life in jail after being found guilty of attempting to supply weapons to terrorists and squaring to kill americans . and one step closer to mars as a simulated manned mission to the red planet is successfully completed showing that the human body can then do your the isolation of a five hundred and twenty day flight.

worries about europe's debt crisis blights which is not trading at ninety dollars per barrel while brant is still holding at one hundred seven dollars. and european markets is sinking extending monday's losses as a greek referendum spurred concern that the country may default mining companies are also tumbling on the lower chinese manufacturing. moving on it's a sea already across russia the r.t.s. is down four and a half percent while the might six is under three percent in the red let's have a look at some of the individual share moves on the minds it's most energy mages are down on the crude with gas probably losing more than three percent banking stocks and no exception would be to be under four percent in the red russia's telecommunications main jet telecom is also losing ground the company has approved a buyback program worth the billion dollars. well capital flight from russia is expected to double by the end of the here to seventy billion dollars the central bank says investors are leaving the merchant nations and with global economic uncertainty the performance is still expected

halls the room brant the crimean the chose to feel the montague hotel the local the rubens hotel. top stories this. really prepares for the call of a post era as its parliament sits down to vote on a new austerity package intended as a last line of defense against a collapse in confidence in its economy. the protocol of movement blossoms in germany as thousands of protesters flood the political and financial capitals of the country and the government rein in corporate greed. for travellers turns into a hard profile discussions as the heads of the asia pacific nations gather in hawaii hoping to isolate themselves from the spreading euro zone crisis. and now as i promised a little earlier kate is next with the sport. hello welcome to the sports news thank you for joining me and here are the headlines. red bull flies again sebastian vettel pits and there is hamilton to claim a record equalling fourteenth hole position in the season for the abu dhabi gone crazy. while tiger troubles call for a leader woods fires a disappointing three over par seventy five leader john said by six shots

worries about europe's debt crisis light sweet is praising that ninety one dollars a barrel while brant is that one hundred eight dollars per barrel and european markets are sinking extending monday's losses as a greek referendum spurred concern that the country may default mining companies tumbling lower chinese monopod. in a sea of red across russia the r.t.s. is down under four percent while my sixes move the two percent in the red let's have a look at some of the individual share moves on the minds of most energy majors a down on cheaper crude but council losing two and a half percent banking stocks are no exception but the chief even more than three percent in the red bucking the trend is russia's telecommunications major telecom company has approved a buyback program worth harvard and dawgs. russia has doubled its outflow forecast for this year to seven two billion dollars the central bank says investors all leaving a fortune nations and we had quote delicate moment concession to the performance is still expected to be better than in two thousand and eight when one hundred thirty

worries about europe's debt crisis lights which is driving up to ninety two dollars a barrel while brant is over it at just under one hundred nine dollars per barrel underscores asia stocks are decreasing for a second day as china's benefactress group i just slower pace than the k. and the one saying a both losing almost two percent this alex month the main retreat as in japan with toyota down one and a half percent and nice and over two percent in the red where the honda is gaining average point eight percent it has opposed to just pick just six percent bullshit profit drop which now over the last broadly matched analysts from the past banking stocks were under pressure you hong kong with bank of china down two percent. bonds and russia as you can see the markets have opened in the reddit standing monday's losses let's not have a look at some of the individual share moves here and the two majors down on cheaper crude with gazprom losing one and a half percent banking stocks are no exception with spirit gone down one point seven percent and russia's telecommunications major ross telecom

is still around the highest level since may it's now at one hundred two dollars per barrel brant is a one hundred and eleven dollars. and here's a quick look at the equities asia is in grad this hour hong kong's hang seng is losing more than a quarter percent this hour tokyo's nikkei has slipped into red losing less than a c. . and about an hour ahead of the opening bell in moscow russia neck resented once things trading session losses in knots despite better than expected manufacturing stats from the united states have partially offset concerns about the eurozone debt eager for higher fed troika dialog says investors are hungry to hear some good moves. this is fifty fifty chances that we can go up or down my personal feeling is that we should probably go up one of the positives as the world took involved russia one of the most positive things we heard last week that was w t o decision so maybe it's not changing anything from the first of january but it's very positive from some. sentiment point of view and the second thing is so the fund flows is changing suppose it's the third is en

light sweet is therefore up for more than one half dollars a barrel brant is that one hundred seven dollars eight percent. asian shares also higher as versus reacted to reports of european international measures to get a grip on the region's debt crisis that includes news that the i.m.f. may provide financial support which saw its government form you'll see a surge again on friday banks and commodity firms are some of the top gators no more holdings is up three and a half percent this hour sumitomo metals is four percent i'll come up. russia's markets shoot up in the first minutes of trading on monday as per bag in the lead up around three and a half percent this hour the r.t.s. is up one point seven percent of my stocks one and a half percent michael starting from a pretty financial corporation explains what to watch out for this week. this week i think investors will focus very much on external factors in the euro zone of the focus will clearly be the state of the crisis investors will also look out for euro zone unemployment data and consumer confidence data in. u.s. the focus will be on

eye is still around its highest level since maids now at one hundred two dollars a barrel brant is a one hundred eleven. and let's now see how the equities are performed. asia is in the red this hour hong kong's hang seng is losing more than three quarters of a percent tokyo's nikkei slipped into the red losing restaurant workers. again here in russia as the markets are in positive territory in the second hour of trading the r.t.s. is adding around the sounds of the my sex is up around half a percent. and let's take a look at some individual share moves on the my six most of the blue chips are on the rise with spare bank up around half a percent why in our us pards is among the main gainers after the company announced an almost four hundred million dollars buyback of the shares from the market and on k.'s losing around losing some ground after its third quarter net profit what and how often and ever done to climb to the lowest level since two thousand and five bigger. than best just should be going to proxy stocks for safety. the markets will be strong in coming to what's. going to d

pointed to further slowing why it's we're just trading at around ninety one dollars per barrel while brant is that one hundred nine dollars asian markets are also heading down with the nikkei two percent in the red strongly again worsens losses of japanese exporters carmakers honda and mazda both wrong sort percent in the red this hour in financial side among the main retreat as in hong kong with both h.s.b.c. and bank of china losing over two percent. and clearly here in moscow the trading session will kick off in less than one hour on tuesday the russian markets have their own steve was due don't drop in a month there actually has lost five percent rather most of those just under three percent in the red as you can see it's not risking from much of course as news from greece home once again the roost on wednesday. yes and this correction i would say that we have to concentrate on news coming from europe because in the streets of basically looking at abuse. potential results of the problem solution and we see different sources saying that most of the waters are going toward for the saving

pointed to further slowing why it's waiters trading at around ninety one dollars per barrel while brant is that one hundred nine dollars. asian markets are also heading down with the nikkei two percent in the red strongly again worsens losses of japanese exporters carmakers honda and master both round saw percent in the red sour and financial side among the main retreat as in hong kong of both h.s.b.c. and bank of china losing over two percent. and finally here in moscow the trading session will kick off in less than one hour on tuesday the russian markets had their steepest today drop in a month she has lost five percent while the mice exposed just under three percent in the right as you can see the looks on drifting from metropole says news from greece will once again on wednesday. after years of this correction i would say that we have to concentrate on news coming from europe because all in the still so basically look not abuse. potential results of the problem solution we see different sources. but most of the water is going towards saving measures despite the we are. also from oth

eye is still around the highest levels since may it's now at one hundred two dollars a barrel brant is a one hundred eleven dollars. and a quick look at equities asia is in the red this hour hong kong's hang seng is losing more than three quarters of a percent tokyo's nikkei has slipped into red it's losing a bout of percent. and here in russia the markets are in positive territory in the first hour of trading the r.t.s. is that in a round of percent the my sex is up just a notch higher for troika dialog says investors should be going to proxy stocks for safety. the markets will be strong in coming two months. till the end of december i would probably be arrested you know which is the. sitting for example in casual inboards for example as for russian markets i think w two your decision is very important for proxy assures big sure it's like. glass or something like this it looks like that the stock is after all these negative. sentiment against from during the whole year and those changes are dry fuel that's more and more investors are asking about this of and multiples is a record too

can also tell the millstone hutto some country house holiday is the full old goldman tells the room brant the crew made the choice to feel the montague hotel the royal palm the ruben's hotel. signed sealed and still live it says access into the world trade organization is finally agreed to eighteen years in the making for me in geneva in just a moment. says the veteran vice president of the european central bank as its new premier sparking indignation on greek streets over the perceived also get more sovereignty to the e.u. . israel may strike iran by the end of december that's according to reports citing british intelligence sources over the findings of the un's atomic watchdog spalled fresh concern. nuclear program our top stories this hour. internationalising coming live from moscow this is all to be with you twenty four hours a day.

w g i's still around its highest levels since may it's now at one hundred three dollars per barrel brant is up one hundred eleven dollars. and on to the equities now european stocks are unable to sustain the pressure foot sea and the dax are shedding just under one percent each this hour. and here in russia the markets are in the red in trading in sympathy with europe the r.t.s. is shedding less than half a percent of all of them i sex it is losing almost three quarters of a percent. and here are some of the biggest movers on the my six most of the blue chips are in the negative territory with rosneft losing more than one percent and ellen cain's also losing ground after its third quarter net profit more than half and the dodgers climbed to the lowest level since two thousand five hundred million or us bods close among the main gainers bounce after the company announced an almost four hundred million dollars buyback of its shares from the market eager for a high for troika dialog says investors should be going to proxy stocks for safety . the markets will be strong in coming to watch. ti

light sweet is down thirty eight cents brant is actually up twenty cents but their european markets are low as euro zone debt worries once again weighing in on the best is and all eyes are on the rising spanish and italian bond yields footsies down a percent the dax is down one point nine percent declines on the dax are led by deutsche bank and i'm sure. they're moscow the markets are down also with the one point two percent lower than my six hollow percent know so the situation has improved since we last looked at it still banks some of the biggest losers with burbank declining almost a percent make up the vast here's a low up around two percent that's despite reporting a boost of net profit to why five and a half times of poor russian accounting standards quarrel is also down half a cent on the world. that's all for now the headlines are next with that do stay with us. five thirty pm in moscow these iraqi headlights peaceful protest but a rough response to your.

million barrels last week now light sweet is trading at around ninety eight dollars per barrel while brant is hovering at one hundred and eleven dollars per barrel. and asian markets are on the decline via low on wednesday weighed by european news and with low volumes leading to top the action. and finally here in moscow the markets are mixed in early trading my success leads but the second day this week retreating more than one percent declines are mostly led by metals and mining shares. russian which is ended flights on tuesday even as the mood in europe continue to seep across international borders it's a western editor on believes the eurozone debt crisis will continue to dominate trading floors what we're looking at now is it's a market where everybody would have been the neutral coming out of the pigs germany and france. because that is where the media started lies we've had a really good rally in russian equities but also globally. following the euro from the from the bottom but will go higher levels and my guess through the year and i think my best guess would be that we are tradin

worries about europe's debt crisis like sweet is trading it's just over ninety dollars a barrel well brant is over one hundred seven dollars a barrel european markets are sinking standing in monday's losses as a greek referendum spurred concern the country may default mining companies are tumbling on lower chinese manufacturing. a sea of red across russia the r.t.s. is down five percent the trading has been suspended on the noise sixty two technical reasons. and capital flight from russia is expected to double by the end of the year to seventy billion dollars the central bank says investors are leaving emerging nations amid global economic uncertainty the performance is still expected to be better than in two thousand and eight when one hundred thirty billion dollars left russia in the fourth quarter alone the central bank also points out that international reserves are not a not affected by capital flight and exports driven budget surplus will help russia grow its reserves by twenty three billion dollars this year. russia's direct investment fund is going to strike five billion dollars wo

still trading near the ice level of more than three months light sweet is adding three cents this brant is that hundred fourteen dollars sixty eight cents per barrel this is all coming from optimism on news italy has started building a new government and policy is no stare at the budget easing fears over europe's debt crisis at least borrowing costs of the sinking to six point four percent bond yields well below dangerous levels on confidence economists the mario monti will form a strong government without politicians in russia has also started to the week on a positive note for both the r.t.s. my six shooting forward more than one percent in the first minutes of trading they're still positive financial was in the lead burbank in v.t. be some of the biggest gainers up one percent gazprom another energy blue chips are also positive so is no but after announcing russian accounting standards first nine months net profit going up nineteen percent but continued since last week's decline of the precious metal is the. russian equities tracked negative global sentiment last week over the deepen

more than a year's light so it is currently trading at almost ninety nine dollars per barrel while brant is above one hundred ten dollars per barrel and u.s. stocks are higher as european leaders struggle to craft new curse cures for the region's debt crisis also american airlines parent a mark operation is filing for bankruptcy protection because of rising fuel costs and heavy to its competitors delta airlines and united continental holdings both are up nearly four percent in early morning trading now you have been the stock markets are high and with investors building on the pride days gains and pinning some hopes on the meeting of eurozone finance ministers banks and energy stocks are leading automakers are also high at with reno and rising two point four and one point seven percent respectively and here in russia stocks closed in the red following my xix biggest gain in seven weeks that's after moody's investors service warned of downgrades for european banks let's take a look at some individual share most of them isaac's among the main losers were energy majors that saw a sharp gain

barrels last week light sweet is trading at around ninety nine dollars per barrel just below that brant is below the. european stocks they raised against the three is low after the bank of england said the u.k. growth. worsened its debts is seeing losses for a third day as unfairly and technology slumped after forecasting lower twenty twelve seconds. and this is the picture here in moscow it's changing for the better the r.t.s. is still down a notch from my six is down point four percent this is our second of what's moving the nice legs some of the blue chips are still in the red got the last of the coal miner is strongly in the black with a buyback announcement with a premium of sixty percent of the market price is the coal miner is up more than eleven percent this hour last left is up one percent despite will correct and as we saw. the gloomy mood in europe is continuing to see across international borders and is weighing on sentiment here in russia peter west and recommends buying into cash rich companies with high dividend payouts for investors willing to risk a dip in the market. g

markets now crude oil is high on speculation that europe's economy may weather the region's debt crisis brant is trading at one hundred twelve dollars a barrel lights when it is over ninety six and a half dollars per barrel european stock markets are mostly higher in the afternoon italian stocks are in the wrong to ask traders i prospects for a change of leadership role the footsie is lower though pressured by losses from mining stocks with things that are the source is moving over four percent banks' balance back in five days shop losses and here in moscow markets turned negative are mixed this hour raw ts is down over half a percent and the music's is up just an all is a look at some of the individual shackles on my sixty plus nafta is lot the solace for bankers losing a fourth of a percent and then have reported a more than a two fold increase in net profit for the first ten months of the year but that's on the russian account the fact that so much good news is also lower the company's earnings almost eight percent in january sometimes. i would suggest focusing on follow song making long t

asset clause classes including oil likes where it is trading at one hundred one dollars about well brant is of course one hundred eleven dollars per barrel for the u.s. stocks opened shop behind our joint action by central banks the dollar and the nasdaq are gaining over three percent in early trading with caterpillar leading all the dow betting on games that included all thirty of its components european equity markets are making a strong recovery after a weak start to the day as well the key is gaining any we have the sense that dax is up over four and a half percent this hour and the russian markets posted strong gains on wednesday the up here have closed over five percent in the black walk my six and their own with the sands in the back of block let's have a look at some individual shambled perhaps grab bag growth over six percent alfred pulled from a two fold increase in that profit for the first nine months of the year shares of diamond producer also have been blocked from trading due to forty percent growth. analysts say the high demand for the assets is due to its recent listing

is that more than ninety seven dollars a barrel brant is trading at one hundred seven dollars a barrel. european equities are higher in afternoon trading but the gains are narrowing the focus and the dax are putting on around a third of a percent each banks and resource stocks are benefiting the votes. here in russia investors see monday's slide. as a buying opportunity this hour both the r.t.s. and the my successor adding around one third of a percent. moved to new chips are trading in the black including financials t.v. is up almost one percent part lies are out is among the talking in as it's written almost pulled increase in net profit in the first five months of the year. is adding more than one percent to the mining companies looking to buy a strangely iron producer cleansers markets. while equity markets are extremely volatile investing in oil related stocks could prove a good strategy says water you can't. there isn't really a sea of have in one market so you can find a relative shelter in russia and from that point i would recommend the oil and gas sector the oil has been part

light sweet is currently trading at ninety nine and a half dollars a barrel and brant is that over one hundred and eight dollars per barrel european stock markets push higher on monday banks are in the lead up to media reports pointed to leaders making progress in addressing the eurozone debt crisis we can report said eurozone officials had agreed on a way to leverage the european financial stability facility rescue funds and france and germany are also studying ways to deepen fiscal integration. russia's markets shoot up on monday as well let's take a look at some individual shambles on the my xix energy majors are on the rise supported by stronger crude is gaining over nearly four percent banking stocks are no exception with. over burbank up over four and a half percent and carmakers dollars is also off on news of its joint venture with japan's. found more in that mother's joining the list of international car makers to localize production in russia starting from next year the japanese company aims to only produce over thirty thousand cars at solar plant and the country's far east ma

as you can see from the graphic light switches trading at around ninety nine dollars a barrel while brant is that round one hundred twelve dollars per barrel. and european stocks are higher breaking a two session losing streak as investors digested earnings reports and wanted to developments in jersey markets stuffing firms were in the spotlight wednesday after a bullish note from h.s.b.c. the broker upgraded its rating on branstad holding which has jumped more than three percent. and finally here in moscow both their chairs in the my six are rebounding from an earlier decline still russia which is are trading at their lowest level of the week as well dropped after yet struck by us increased and with europe's debt crisis still dwain when investors here let's have a look at some of the individual show moves in the my it's most of the blue chips are in the red the world's biggest producer of seoul and russia's largest producer of still making called mitchell they're both declining one percent and one point eight percent respectively. is back in the trend with the buyback announcement with a

heading higher light sweet is currently trading at a launch below ninety five dollars per barrel while brant is at one hundred thirteen dollars. in asia equities are trading a lower exporters are among the main losers in japan with carmaker nissan losing more than two percent and property shares are under pressure in hong kong as chinese prime minister wen jiabao affirmed the government's intention to drive down real estate prices meanwhile energy major see new kids losing more than two percent after a deal to buy a major stake in an argentinian oil producer from fell apart. and here in moscow market players returned to the trading floors after a three day weekend then them out two hours the markets closed in the block on thursday the r.t.s. added one percent while the my sex show does similar things. and that's all we have time for in this edition of business i'll be back in about an hour. bringing you the latest. from. the headlines. countries. washington unconcerned about what's next. for the race to stop europe from drowning in its floundering. chief had to. come to the rescue. of the vi