people at the bottom are not living up to their potential. it depends on the income of their parents which means zero large fraction of americans are not living up to their potential. a strong economy requires public investment of technology and education but with a very divided society it is hard to get support. a 1% at the top of worry too strong of the government worried it would use the powers to read distribute. for them government is a threat to. then they are wrong. the overall economy will not perform well and they will not do well. one important idea look at the old textbooks talks about the trade offs but to pay a price is lower growth and lower gdp. more equality has to pay a price. this s we could have the more efficient economy. that it is really hurting the time a. that is the price. i want to talk about other aspects of our society that level will weekends the democracy that the standard theory says in a democracy the outcomes should reflect that want more spending and those that want less. is the puzzle i tried to analyze why t

the top, the middle and the bottom. i want to go through it because i want to open up for questions. but there is a difficult question. while it's easy to write down the economic reform agenda, i had 21 points but my editor said you can't list 21 points in a book that anyone will buy. it's a there what you have to figure it out. but we know the economics. we know what to do. the question is will the politics allow it? this is where to get the economic reforms we have to have political reforms. the political agenda i think is fairly well understood although there are some aspects that i think we try to call attention to that haven't gotten sufficient attention to the campaign finance reform, stopping the revolving doors, the lobbyists and so forth. the difficulty is we are going to have a vicious circle. more economic inequality leads to more political equality that leads to the rules that make more economic inequality and the question is how do you cut into that vicious circle. i don't have a matching solution to that. i

there are a thousand views on how to do it right, but the bottom line is i would argue that it is the air force and the department of defense that has the best overall view of how this should be done. and i would just commend again to the leadership in the congress that we need to take a broader view, not so much the tactical view, delegation by delegation or district by district, as difficult as that is, but the broader package, it's important to the nation's defense. >> is there one -- a good friend says one of the problems the air force sometimes has is it does necessary things even with facts on its side but sometimes end up on the wrong political side of the argument. is there a lesson to be learned here in terms of how better to try to do this kind of the thing in the future? >> i think among other things is not to surprise either the members of congress or the state delegations. in the process we followed last year after seeing the passing of the budget control act in august and we were pressed to get to a budget in the fall of last year, we didn't do all of the interaction per

a rule of law is supposed to protect those at the bottom. just to give you one example, think about what happened in the foreclosure crisis. we threw people out of their homes, under the so-called rule of law who owed nothing. and, of course, what is the banks response? and their response is, well, most of the people who were thrown out of their homes did owe something. but a system of justice assess most of the people get capital punishment, were probably guilty, is something that we should feel uncomfortable with. but that is the mindset of the bank. we are really undermined the rule of law. if you look at other aspects of our system of justice, what we've evolved here is not adjusted for all, but justice for those who can afford it. there's another example in washington, you're going to the battle of the budget. you might actually think that the battle of the budget was about the deficit. but it's not. it's about this issue of inequality. if it were about the deficit, the first place you begin is to remember 10 years ago we had a surplus.

the bottom line is that we were contacted in terms of the board level. parents came to me and asked, there are serious issues, so we have submitted that issue to the child protective services, we're working with the d.a. and most of all the board is in agreement not to renew their funds. >> they claim to have 198 students and how many teachers? >> they say they have one >> just looking at those numbers, anybody would think something is going on here. that begs the larger question, who is actually going to check the school's out to see if they are legitimate? >> that with the problem is in to be honest as of this week we have hired to additional officials to monitor and evaluate and provide assessment on all of these 30 schools beyond st. andrews so the oakland unified school district will be providing a quarterly report to the board and the public in terms of how these schools are progressing >> responded but they did not give you any numbers. >> we will not approve it and i think it is still under investigations of the bottom line is that the board of e

the bottom has already been hit. ook here, california, look at arizona, big, big gains for phoenix and colorado and look at the metropolitan areas and down here in florida and up the east coast. take a look at the red. those are the areas zillo says there is not a bottom now and there won't be a bottom in the next 12 months. they say all real estate like politics is local and you can see it is different fedependingn where you live. robert schiller is founder of the s&p home price index that saw the first uptick in seven months in april. bob, have we finally hit the bottom? i know a bottom can be a big, long dangerous place to be. >> well, christine, the people have been asking me that for some years now. there has always been a feeling maybe we're at a bottom. this looks a little better. still, the report that you referred to made it sound more dramatic news than we really have. they talked about a u-shaped recovery in some cities and u-shape suggests to me like we're going all the way back up. i don't think so. >> yo

is west virginia, near the bottom for technology. ings may be looking up. west virginia's economy is in the top ten. state 49 is hawaii. the most expensive state to do business and live in, but it is hawaii, so who cares. >> state number 50 has the worst infrastructure, one of the worst economies, and the least friendly regulatory climate. they caught a 12 pound lobster there, but that doesn't help. the bottom state for the second year in a row is rhode island. >> we wish them all better luck next year. a reminder we want you to keep the conversation going. a lot of you are going to our website, topstates.cnbc.com. there is a little twitter battle going on. tennessee was tops, rhode island on the bottom, and the battle goes on. >> what were your most important metrics? >> there was 50 metrics and ten categories. rhode island does poorly in the economy category. they're a mess. they had a tough time all around. the one thing going for it as we said is that capital seems to be coming back into the state, so we'll see if that helps the s

the gate has a bar at the bottom of the door. i will be on chemo for three years. i will be having in the dirt -- i will eventually be stuck in a wheelchair and there is a bar at the bottom of the door. i am not looking forward to having to go over a bar in a wheelchair. blocks to the gates is at 5 feet. i am the only one who has eight key -- a key. nobody can get into the gate unless they have a key from the outside. i do not own a car. i be needing help -- i will be needing help. even though -- it is not always open on time and the drivers are unable to pick me up. the same thing with the groceries. i have to load and unload to the front door. at this point, it is workable. i am on a monthly chemos schedule. i get sick quite often, so there are two or three or five-day periods when i cannot leave my apartment. it would be nice to have a safer and easier access to the back door. my oncologist, we saw a slight shrinkage of my tumor. it would down about a third of a centimeter. that is over the last eight months of keynote. my general blood of -- that is over the la

by the bottom of the 8th, it was 18-5. and they play again tonight at 8 in minnesota. >>> better news for ravens fans, runningback ray rice signed a five-year deal with the team worth $40 million. the ravens worked up until the last-minute yesterday to hammer out phenyl details. rice is the-- final details. rice is the highest paid runningback in the nfl. >>> with the hot temperatures and lack of rain, homeowners are struggling to get the grass healthy and clean. >> however, this morning, what some people are doing to make their lawns look so green. >> also a sheriff in arizona wants to challenge president obama. what he is claiming on the president and what he plans to release later today. >> reporter: everything is up to speed on 895 at o'donnell street but we have a water main break that affects traffic in downtown baltimore. this is the inner harbor at the aftermath. we are following the story and i will let you know how the water main breaks will affect the morning commute coming up on good morning maryland. wççÑçÑ >>

and low bottoms and how can you tell when a stock is thefinally going down and you get a bottom and take a look at the globe's leading metals and they are the leading supplier of metals and don't worry we will show you what that is and market share in excess of 30%. and still raising prices and prices decline and lately the prices are soft enough, and i like the fact that the company sees global consumption rise by 2016, and however, the stock has been hammered down 49% from a year ago and barely more than a dollar above the 52-week high. and it is not just the silicone component of the semiconductor industries, and most of the aluminum industry, and alcoa today and the steel business is going to be hurt and all of these could be hit worse than they get better considering the global slowdown. but of course, most of this was base baked into the stock and there were signs with the sales up 5% from the prior quarter and 19% increase in volumes even as the company missed the street's estimates on the earnings, so it does not make sense to specu

. >> that is the whole bottom line, no matter what the ethics commission is doing, it all comes downr or not nine supervisors are willing to go on with the suspension. that will be totally political. the supervisors act totally for their own political benefit and what ever affected my half. he had allies on that board when he left and it will be interesting to see whether those allies hold tight or whether they go with the ethics commission recommendation which i think will uphold the suspension. it will boil down to how the supervisors feel it will affect them politically. >> if she comes and says i did not feel threatened or hurt and this is a misunderstanding, that is where it could come into play because it could give people wiggle room to say this is being overblown. >> that is true and they could use her testimony to give that kind of cover but you need to remember also that feminist groups, domestic violence groups, and i spousal abuse groups, but they are still pretty hot over this and they have not accepted the fact that this has changed, they see this as something of a stoc

here's the bottom line. when the facts are in and you were proven wrong don't dig in your heels. simply change your mind. ray in georgia. ray. >> caller: yes, sir. >> yo, what's up there? >> caller: i have a question on a stop. i heard you one time say you didn't like to use stops. i'm just trying to figure for us home gamers how you protect yourself if you don't use stops or stops with limits. >> okay. >> caller: what do you think? >> first, think about the flash crash. okay? you're stocked out at some horrible price. who knows what you got? and the market comes back, you got hurt. what are you doing here? this is real money. you've got to stay close to your money. you're putting it in some machine's hand when you do that. i want you to say, hey, how's the market doing? i want you to stay close to it. i don't want to go on auto pilot. putting in the stop losses in is auto pilot and i don't like it. stick with the facts. figure out if it's a buy, not a sell. skip in new jersey. skip. >> caller: hey, jim. big

the rays getting two home runs in the bottom of the eighth.by the way, benoit had allowed only one home run all year before keppinger and pena went deep. so here's young. two on, nobody out in the tiger ninth, leading 4-2. valverde in the bullpen. >> tim: talked about it earlier, dick, this why that fifth and sixth hitter of the detroit tigers are so important, because these guys are going to be on base all year. they've been on base seven times tonight. five for cnbrera, twice for fielder. he drove in the first run of the ballgame. >> dick: and young has left seven men on base himself. >> tim: this is a very -- i think if the tigers are considering -- obviously they're thinking about postseason. if they do, they'll have to get somebody hot in that five and six hole. somebody to drive in, because i guarantee you, whether it's the postseason or not, they're not going to pitch toabrera. like last year, ron washington didn't. >> dick: no, he didn't. so they knew they needed that bat. they needed another one, even after that. >> tim: yeah, that's

but the bottom line is, jim, we can make money in any market. ou go back to the crisis of '09, we never lost money. >> that's when you came public. so obviously -- >> we never lost money. >> well, when you guys look at this, i mean, if other countries are dumping, my word, this product here, okay? even though you have -- you're the low-cost producer, when do prices go up? if autos are going to be built, 14 million autos and that's pretty good. semiconductors are in a secular bull market, how come prices can't go higher? >> we believe it will. if you look look at the cycles, prices peaked at $1.55 a pound. today it's $1.30. >> you're still making a lot of much. >> when the world is slowing, people take out and shoot small cap, middle size cap companies that they believe is going to be hurt the worst by a worldwide slowing, even if it's not the case. could you agree with that supposition? >> yes, but we're unique. >> so if the world doesn't slow down further, we might think of the stock a couple points off its low and a great opportunity. ? >> and

. >> the top 400 people on more wealth now than the bottom 185 million americans together. that is the medieval structure. >> gar alperovitz, author of, "america beyond capitalism: reclaiming our wealth, our liberty, and our democracy." all of that and more coming up. this is "democracy now!," democracynow.org, the war and peace report. i'm amy goodman. the syrian capital of damascus is seeing some its heaviest fighting to date since the uprising against syrian president bashar al-assad erupted over a year ago. heavy weaponry including tanks and mortar fire has reportedly been used in areas to the city's south. committee of the red cross to join the united nations in describing the conflict in syria as a civil war. the red cross had previously kept its assessment to a handful of flashpoint areas, but now says the violence is nationwide. the observer mission meanwhile has confirmed heavy weaponry was used last week in the village of tremseh, where pro-assad forces were accused of massacring more than 100 civilians. u.n. spokesperson announced the observers' findings earlier t

we call it the bottom line because the number is the bottom figure on a company's income statement. to find out how quickly earnings can grow in the future you have to look for clues when it reports quarterly results. that's why i tell you to listen to the conference calls. if you want to do it yourself you have to do the homework. look at the top line, another unnecessary piece of wall street gibberish. i'm trying to translate everything. it's interchangeable with revenue, top line, sales. you hear these words, they should just say only go to say sales but they all mean the same thing. you want strong sales growth which tells you there is demand for a company's product. this is the key to the ability of most businesses to sustainably grow earnings long term. makes sense. that's why it's important for younger, smaller companies to have fast-growing revenues. investors will pay up for accelerating revenue growth, arg. that means sales are growing at a higher rate than previous years. with a more mature company it should cut costs and return the profits to shareholders in the form of a

in the bottom of the tenth with a triple by bryce harper. he would come home to score on a wild pitch and the nats would win 5-4. >>> fox 5 morning news at 4:30 starts right now. ts right now. live look outside right now at the washington monument on hump day on hump day, wednesday, july 1th. we get started on a warm middle of the week. in an effort to help you beat the heat, metro is allowing riders to bring water on trains and buses today. the exception to metro's no drinking policy only applies to water. riders are encouraged to use containers that can be closed tightly. they willed into all the lick -- they will need all the liquids can get. >> i'm sarah simmons. >> i'm wisdom martin. >> we have to straighten something out. you sawed it's going to be a warm one. it is already a warm one. >> what is it now? >> 82 degrees j that's ridiculous. >> sweating numbers here early in the morning. we have a heat advisory and the possibility of strong thunderstorms late today and tonight. but it will still be near 100. >> oh, okay. >> some things do

tom arbonne coming up in this half hour six heirs to the wal-mart fortune control more money than the bottom thirty percent of our nation and the bush tax cuts have only helped adding have only added to their fortune but unlike the waltons most americans haven't benefited at all from the ex would be better off today if they'd never been created also in a small town in illinois and more americans are falling victim to bain capital's love of outsourcing why are workers pleading to mitt romney for health is there even the slightest chance that he'll listen or will he let more americans become unemployed and the supreme court ruled in citizens united the corporations are people in the money is speech more or less so if corporations are people a should be allowed to marry just like you and me right i'll explain in tonight's daily to. me jim alice and together plus three other family members they own roughly ninety three billion dollars in wealth why because they all have the same last name walt they're all heirs to the wal-mart fortune and they are the richest family in america occupying rankings

yes, the date on the bottom is still july 10 for some reason. and there was also information in the binder here about -- and maybe this was an item that got pulled from the calendar, about an item 11 at hetch hetchy authorizing a system impact mitigation agreement. was that an earlier draft of the agenda? some documents that do not come forward for today's meeting? ok. >> let's get through these one at a time. first, item d, you're supporting that, but you have a question about clearance. >> it exists. i am sure someone can get it to me. commissioner moran: if i can have assurance that the ceqa requirements have been met on that? >> i believe they have. >> i believe he wants a copy. commissioner moran: on d, and i have a motion? moved and seconded. those in favor? opposed? the item carries. on e, i have additional questions. i would like to continue that to the call of the chair. on i, he pointed out some questions on the resolution. >> just the date on the bottom. >> the date on the bottom still says a july 10 because it was originally scheduled

the selloff end. they always end at some point. not all your stocks bottom at the same time. you rank them you probably won't care when they bottom. the best ones are put on sale along with other merchandise. the good with the bad. selling everything, getting out at one time doesn't leave room for the possibility things will get better. doesn't leave room for the next american stores. takes you out of the best stocks out there. awful timing. here's the bottom line. not every big decline is the end of the world. never trade like it's the apocalypse. never sell all at once. go to the supermarket of stocks. find what you want to buy on weakness and always remember i checked out of the most important stock i liked in my zeal to get into the ten items or less line. because of my overwhelming bearishness i missed the huge american stores buyout and a magnificent stock market rally that followed soon after i left the store. please do not repeat my mistake. after the break i will try to save you more money. ♪ it's too late, baby ♪ now it's too late >>> you cannot time your moves corr

databases load in the bottom of the ninth the raiders open training camp and now the first your coachin his speech in the media is anything funny and it's going to be fun watching them.

question right so you said it's now one percent of the wealth is concentrated with fifty percent below the bottom fifty percent. right and say what was that for years ago it was three percent but the amount of wealth in this country has grown in the last twenty four twenty five years so you're not talking about you're not apparent reason alone you know i'm not actually the levels of poverty in this country of actually instead of zero zero seven game it's not it's not something where if if there are more wealthy people that means the people on the lower end of. economic scale have west necessarily hope not but that middle class is shrinking felt the middle class have to go somewhere they're either going to go to the top or they're going to the bottom unfortunately they're going to the bottom based on the things that we're seeing and unfortunately when you know people are suffering financially it has a tendency to cause an increase in crime in most countries i mean even when you look at the u.s. economy when the u.s. economy goes down crime has a tendency to rise just in general and that's probably

the bottom line is this. d enough of broken promises. >> reporter: jamie, for the president tomorrow it's off to pennsylvania for this two-day bus tour. also happening tomorrow the june unemployment numbers will be coming down. no doubt, that will be driving the discussion. >> if americans want some relief, they may want to avoid watching the olympics in london. tell us why. >> reporter: yob if this will stop them -- i don't know if this will stop them to watching. you see the commercials, those ads, politics. that's what's getting -- going on. the obama campaign has already spent $6.5 million on ad time. so you'll see a lot of presidential politicking during the olympics. >> okay. you look cool. you doing okay in d.c.? >> i'm great. i love the hot weather. >> thank you. >>> listen, i know a lot of you are tired of the presidential campaign. that's according to a new pew research poll. republicans and democrats aren't checking out just yet. the same study showed 60% of voters think the the next four months wil

they come with a bar across the bottom to be able to hold the frame. once it is installed, those bars are cut off. you might check into that, too. >> certainly. >> i have a couple questions. not having seen the elevator in question, but i would agree that it may not comply with current regulations, but one could fold a wheelchair and access it in order to utilize i am assuming the capacity is more than one person. i would not foreclose that as a possible way for an individual who has a ambulatory limitations to get up to their floor. the other question i have relates to the key. how many people in the building have keys? >> to my knowledge, i believe it is just ms. utt and another tenant who requested vicky. >> why wouldn't the keys -- requested a key. >> with the building owner be willing to allow keys being copied in order to accommodate an assistant for these individuals? >> i believe is that was going to resolve the issue. i believe there might be some security concerns about who has a key, how many keys are out there. i believe they would be open

the bottom is cracked for the orioles...if they don't move quick...it's going to fall out.more now third in the a-l east...behind new york and tampa bay.and only a half game ahead of boston. boston.orioles in minnesota... j.j. hardy in a big slump... only 2 hits in his last 40 at bats.... changes that in the first... sneaks it over francisco liriano's glove... and into center... base hit.. hardy not on first for long... adam jones sending him all the way home and then some... jones' 22nd homerun in the second deck... 2-0 o's..tommy hunter helping himself in the 3rd... flashing the leather with two on... snatches ben reveres' ball... and starts the 1-6-3 double play to end the inning.liriano has an e-r-a over 4... not showing it... strikeouts the 8th oriole... tayor teagarden swinging..well if you're going to give up long ball... best to do it solo... josh for a ride... way back into pen... his 23rd of the season.. splitting the difference... score sticks... 2-1 o's... hunter went 7- and-a-third. toronto in the bronx with the yankees.new york getting up early...bottom of 1..

housing market now looks like an exception to that rule. >> the bottom has officially arrived, we believe. >> reporter: yes, you heard that right. >> we're done. the crash is over. housing is improving. >> reporter: economic historians will debate whether the housing market bottomed at the end of last year or in the spring of this year. but one thing most analysts agree on is the next few years will see moderate increases in home prices nationwide. still, the climb back is going to feel pretty slow. >> the bottom is going to look like a long, flat affair for most markets, where higher rates of negative equity and pretty substantial foreclosure pipeline is going to keep a lid on price appreciation. and we look for price appreciation in the 1% to 3% range. >> reporter: but even 1% to 3% home price appreciation will make a world of difference for the economy as a whole. >> it will make it easier for small business people to get a loan, because they use their home as collateral to get that loan. and eventually, it should start to help local government. they rely on property tax re

here right at the doors because, remember, the soft structure is the bottom structure. that's going to move the most. then right around the doors are structural members of the house. that's where you are going to find a lot of the damage. this one -- but look at all the doorways again. this building, again, here in the marina. somebody wrote something on there. if you look really close it says, search. somebody wrote that there because maybe they thought somebody was inside, they went inside. we use a different method now. it's in your book if you did your homework. otherwise i'll show you later in the lecture. paint lines are another indicator of how damaged buildings are. if you want to look at the paint lines on this building, it's kind of hard to tell until you get up close. remember, this building is kind of a grayish tannish color, i guess. when you get a little bit closer, this side of the building should be the same color as this side of the building. what happened was this building moved away from the building next door and that's how far it moved. separation be

when you walk down into the bottom of the narrow canyons made of sandstone and you put your hands on the sand stone faces and the smooth shallow scallops that look like champagne glasses, you can feel the shape of the last flood that came through. every place in the desert is a story. every place is a passage way. it's really hard to walk very far in the desert for me because there are so many stories that start opening up and lead you from place to place and place and soon you start picking up the patterns of wind, of rain. you pick up the patterns of people who were there before you because, out there, things seem to last forever. if you put a footprint down in certain places, that footprint will stay for 5 years, maybe even 10 years for somebody who's got a really good eye where you come walking along and you see the slightest depression in the ground and you kneel at it and you figure out that it was a person with about a size 9 foot walking across the desert 8 years before you. everything out there tells a story. that's why i'm here. because i'm looking for stories. i'm looking

the lowest level is the bottom connections. this is the most simple one all along the side, we had the two major tubes coming down. the worst and most difficult ones are at the end of the building were you have a triple tubes coming in. so these ground level casting's very because they have the most loathed. between 23,000 pounds and 45,000 pounds. altogether, there are about 4 00 of these castings. this is a lot of steel. what we're recommending is to do a first phase preparation, and it has more than the present documents. this provides a detailed testing specifications in production schedules, some bid drawings and some degree of optimization. if we can cut

hurry in to dunkin' and try the new >>> it's the bottom of the hour.ere after another over night thunderstorm. if you're looking far off to the east there's still a storm going on on the eastern shore. tim thinks the beach is being hit hard as we speak. sharon has all the debris in your way and it is tim in for marty at first warning weather. >> good morning. this is a storm system that triggered a severe thunderstorm warning in garrett county, far western edge of the state last night around 11:00. it made it's way across the state. it did also trigger severe thunderstorm warnings down in summer set and dorchester that were lifted an hour ago. the storms are still lingering. ocean city is getting some good rain right now, cambridge also seeing some strong thunderstorm activity. there's another little batch around richmond and just light showers moving across the beltway to the east. no heat related watches for warnings in effect. 72 right now. the dew point is high. you're going to feel that humidity as soon as you go out. as a result of the rain, the