when you borrow a lot of money you owe a lot of money and have to pay it back, and a lot of students going to college didn't get that, and one of the things that happened -- i see this with law students. you go to a law school and you want to get the elite wall street job with a starting salary of upwards close to $200,000 now. and there are a lot of those jobs. fewer all the time but there are some. well, you ought to ask yourself, what do i get if i win? because if you go to law school and you run up debt -- say you borrow $60,000 a year and owe $180,000 when you're out, which is completely plausible, and say you start at a firm that pays 1 $0,000 a year. well, -- $180,000 a year. the debt formula says you shouldn't owe more in your student loans than your starting salary. so you're cool. right? as long as you work at that job. most people don't stay at those jobes and the reason why is because they stink. it's not fun. it's okay. you know. i practiced in a big firm for a while and i liked it all right, but except on payday i never missed a day, and one of my law professors used to

it really is very different from any other country and has caused a lot of tension for a lot of countries. here too you find countries react very differently. countries with strong capacity tend to pass laws which says foreign companies have too hired nine mining workers from mongolia for every foreign worker that they bring in or they will task the wages of the foreign worker by 15%. they will find different ways to try to limit this influx of chinese labor. the chinese laborers are much harder workers. you see this again across-the-board whether countries in africa or southeast asia. there's this sense that workers in one of the interviews that we did the chinese officials said they want holidays. they won't labor unions and this kind of thing. the chinese workers will work seven days a week and 12 to 18 hours a day. so in many respects when it comes to issues of labor and the environment and transparency with the chinese how they work at home is how much -- is very much how they work abroad. later perhaps in our discussion i would love to talk about the way this is changing because the

clearly a lot of guys do a lot of work. what we are seeing the way the market never seems to go down is supply and demand. >> do you think we will see a lot more ipos as a result because of the demand? >> right now does not feel like the bell is close to ringing. what i hope we see is quality ipos and i would love to see some of the jobs market intentions take place for smaller companies to generate cash and they need access to the public market, but cannot spend all the money to be public. i would love to see that smaller company ipo. you will see a lot of companies that come out public. i think you seeing that with biotech. i'm not a biotech analyst, but they are taking a lot of companies public. they're easier to put big valuations on. i would love to see good or small companies that cannot afford to spend all of the money with the traditional ipo and raise money in the public markets. they are making acquisitions and building a business, but not growing at 100%. >> are we seeing the deals? >> not yet. i think you are se

of money and that america is printing a lot of money so there's plenty of money and they quit a lot of money to be borrowed and so a lot of countries have borrowed the money which cover it's cheap rates which covers up their problems they haven't addressed their problems and so now now we've got a huge problem facing us and it's going to get worse this is not over yet you should be worried and be careful and be prepared now what i want to ask you now about a lot of markets have seen turmoil places like south africa turkey india argentina where do you see trouble being the most warranted and why were the debtor nations are the ones that are going to suffer the most because they've been they have the ability of a lot of money at very cheap rates america is going to have a lot of problems in the ones you mentioned are all going to have problems it's a countries a big balance of trade deficits that need to borrow a lot of money such as america some in europe and mainly america mainly the countries you mentioned that's where you're going to have the that's where the crisis is going to ge

of risks so we're all these profits there's a lot of risk. just spent the past a few minutes talking about how the irish banking executives they're being held accountable for their actions during the housing bubble now in the u.s. the f.b.i. warned of an epidemic an epidemic of fraud in the housing market but as far back that was two thousand and four that's when they started warning about it and nothing's happened and in ireland it's occurred. just this past week u.s. nothing the question is do you think any american banking executives are going to be held accountable for what they've done during the financial crisis well no i mean timothy geithner the former treasury secretary and larry summers and others have basically said that you can't prosecute the heads of the big banks because it would be damaging to confidence they are afraid of systemic risk and all these other nonsensical concepts so i would doubt it also so much time has gone by and you've had some other changes in the regulatory world that it would be difficult to prosecute offi

a lot the people that make e a lot of noise are fails because theyey make noise instead of dog a lot of doing. a a company in this town that makes a lot of noise, but the problem is, customers are not in this town. they make a lot of noise in the vc techcene -- >> who are we talking about here? >> i would not want to speak about them but i just did. to their credit, they have a good product, but they started ramping up their pr engine in thisown before the product was ready. because of that, many of the people who used them early fail. i am talking speak. t talk on speak. defend that warhead onto other examples? >> it is a great company, there are a lot of companies that do promo. whate have here is a general initial difference to a certn extent. millennia is an generation y has growup digital. natural behavior would be for baby boomers to sit down and watch television. it is just the way they are wired. tech entrepreneurship is driven by a lot of companieses dririvey those demographics. the truth of the matter is, business do not get sold, they get bough what i mean by that is the b

there are a lot of competitors. learned today that we did not know tomorrow is the consumer is not embracing this the way that the proponents of it said they would. >> it is time for the bwest byte. jon has that from disney. >> emily, $7.4 billion. disney acquired pixar for that price back in 2006, the first big deal by bob iger, the ceo of disney, and could be the most important deal they have done, not just because it allowed them to continue that key partnership with pixar, but it gave them who reallyeople tried to reinvent without disrespecting what disney animation has always been. it has kind of become a place that was in a creative funk. now with movies like "wreck it ralph," "tangled," and "frozen," they are in a position where they can brag about their animation again and not just espn and other parts of their business. >> he said to you that it is possible that "frozen" could bring in more than a billion dollars. aside from that, what are your big takeaways from your interview with him today? >> i think th

a lot of that is happening behind-the-scenes. a lot of the consumers are not seeing that yet. but there are a lot of things too that aren't happening yet. >> do you have any follow up questions regarding your center? >> we actually don't provide direct service, but we do like to collect problems that people are seeing. thigh that -- i think that would be a good thing to do. the national program on help and the western center on law and poverty have been involved in the creation and mrelgs -- implementation of the program covered california. >> any other questions? i just have one, you were discussing one with medi-cal program with higher allowances. can you spill those out a little bit more. say if someone is on expanded medi-cal and they go, they become 65 and they have to live by a more strict requirement to receive medi-cal. are we talking loss of home, are we talking, do they have to spend down everything in their savings? >> well, kind of. it depends. the very first thing that is different in expanded medi-cal is how income is counted. instead of using, the way that medi-

a lot of family leaves, -- a lot of families leave.e stuck around, but it was a turning point decision to say, all right, we are here from -- we're here for good. what can we do to make this place better? getting involved in politics was the fact that the seed was open for election for the first time in a long time. it was previously mayor newsom's seat and supervisor alioto- pier's seat. i did not get into politics because i had a lifelong ambition of being a politician. that is not me. i came from a private sector, and looking at honestly answering the question -- did i have something different to offer that i thought would be valuable to sanford's is go right now? i do think a large part of our problems in the city are financial, economic. with my background, i did think i would be able to add a lot of value, and that is why i decided to get into politics. >> where do you place yourself on the political spectrum? >> i have to say, i'm one that has been trying to get away from the political spectrum dialogue in san francisco. i would

i hope we can do a lot better than that. >> you planned to come here a lot -- a long time before. you're saying the thing that was this vision. tell us come why is internet.org so important to facebook and what does it mean to the audience? do it and whyo are you here to talk about? thing, it is easy to take for granted that most people in the world do not have access to the internet at all. it is only one third of people who have any access to the internet. 2.7 billion people today. it is growing slower than you imagine. people often talk about how there are 5 billion phones in the world. that is pretty quickly transitioning. in five or 10 years, most of those will be upgraded to smart phones and that carries an assumption that as that happens, people will have access to the internet. it is just not true. the most expensive part about owning a smartphone and being connected to the internet is not the smart phone. it is the data connection. if you are owning an iphone for two years, it costs about $2000 in the u.s.. five hundred dollars, 1500 is the data plan. really on a path to

there is a lot going on. first we have to track them and harness them for the good of all of us. >> we'll come back and discuss the specific plans that you can outline for us to help us be on the right side of this. thank you. >> we'll talk about economic and social change. detroit, while it thinks it has a than to get out of out of debt it may squeeze retirees back into the workforce. >> detroit's long awaited blue point to exit bankruptcy is targeting cuts to pension and deeper cuts to bond holders. plans laying out how to restructure an estimated $18 billion debt load. bisi onile-ere has the latest details and she joins us from detroit. what does this mean? >> all i can tell you is that these proposed cuts to the pensions come as a major blow to the retirees. thousands of retirees, those who are general city retirees they could be hit especially hard. they could see their pensions reduced by 30%. this is a hard, hard blow because for a lot of people this is their sole income. any loss of income they could

the people who can get it in it's a prescription drug you can buy it online a lot of people are reduced to doing that because doctors simply don't know about it very often visit wean you off or once you take it you don't drink. it causes what's called pharmacological extinction in the brain so you take it and over a course of three to six months you end up not craving not desiring not wanting to be the last man standing some people drink normal levels after taking it for a number of months other people go sober like i said it basically stops the compulsive thinking about alcohol and it also just keeps you from wanting to drink juice completely i drink a couple times a year but not much at all and i don't have the desire to who is singler dr david sinclair is an american scientist who moved to finland back in the one nine hundred eighty s. to study their strains of alcoholic rats and he stayed for forty years he's devoted his life to discovering extinction and using the basis based on the side effects the side effects that i've heard of our knowledge of sleeplessness and sleepiness in ve

got a couple and why do people have offshore bank accounts well there are a variety of reasons but a lot of the time it's to avoid paying taxes however the current colossal colossal tax code here in the u.s. permits these abusive accounting gimmicks and there are billions more lost in accounting gimmicks right here in the us gimmicks like for example the ability for people to earn wages that much lower tax rates thanks to long term capital gains i'm talking carried interest here horse what else have you talking carried interest now are officials turning a blind eye to a problem here at home or are they employed distraction tactics with this whole credit suisse business we'll let you decide. tokyo based mt gox was once the largest because an exchange in the world now it appears to be bust the question today however is whether the whole propos currency movement has been dealt a fatal blow max kaiser the dynamic of the report here on our t.v. is a crypto currency even jealous and he thinks the mt gox episode is good for crypto currency is because it strengthens the community by a living in

we spent a lot of time on too many options, so there's a lot of work in each one of these steps to happen. even at 555 and parcel lee i think the potential to go higher potentially so they're all new territories to work on in the city. >> if i may just finish up i wanted to say something about those sites. one thing you need to take into account is the under utilizing of the mccallister building, the older building on the site and i think we should consider that. maybe we can make some -- talk to some architects and tell us what could be done on the site, and the same thing -- and lastly i want to make one comment i am hoping that we -- i remain committed to the idea that we need to provide access to housing for our employees, particularly for teachers if we're going to remain competitive as to having teachers be able to come here in the future which we will definitely need, and i think that -- i am hoping that we will continue now having done thi

two or three grand juries later, a whole lot of school board presentations, a lot of public interest and comment over the eight or nine years that i have served as the chief facility officer for the district and we have been working diligently on this issue and other property related issues for a long time, and i want to walk you sort of where we are and what we're up to. i think we've had a particularly successful last one or two years after 25 years of general inaction so i think things are finally coming together for a fairly successful strategy. one of the things you should know is the district has a very active real estate working group which is comprised of deputy superintendent lee, chris armtrout, our general counsel, don davis, myself and our business officer joe grasoy and we meet every week and discuss issues of real property and transactions so there is a continued on going presence regarding leveraging surplus property, generating revenue for the district and trying to make the best possible business decisions we can for some of the finest -- actually property portfolio

well i think that the lot of the parties across western europe especially in the u.k. in france in germany austria austria you know and specially in the netherlands what they're trying to do is realize that a lot of the language that they used in the past which would sometimes very anti semitic you know very racist they realize that times of change and people have cheated views of those issues and so they can actually get respectability using that language in using those phrases so what they're trying to do is try to become focused in arguments and make that much more about muslims have tried to make their arguments much more about just immigrants generally and played on existing worries that people have to use to gain more respectability and to get more political power across across western europe here will it continue what do you think about that because if you look at the national front let's say in france you don't hear any more homophobic remarks coming out they like the state of israel they've changed quite a bit of change with the electorate but they still have

with one hundred billion dollars schools highways lots of things a lot i mean it is a tremendous amount of money we're talking billions with a b. here not millions so there's a lot that can be done now i want to ask you about trade agreements and there's a lot of talk lately about the trans-pacific partnership here in america what are the what's your view on it and would t.t.p. the deal be good for growth well open markets and free trade is good for everybody it makes everybody have a higher standard of living yet some people suffer as they get dislocated but overall in america three hundred twenty five million americans we're all better off some people some people will be much better all so i'm less better all put overall we're better off so cheap free trade and t p p assuming the conditions are more equitable and horrible would be wonderful for everybody there's no question that opening markets is great do you want to go back and buy expensive t.v.'s again of course you don't you want to go back and buy expensive cellphones again of course you go you want to buy cheap of fish and cell

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a lot of it still -- a lot of areas still in great disrepair. so the initial blow they got off their panels of the storm isn't panning out or might not. >> it might not pan out. but people are pretty good in it country. they give people office tremendous leeway. they say thank you for making the effort. they are bottom line. you can have -- you're the one stuck in your car. ideology is great but get my light on. get my street clean and make sure they don't come in my window. you don't get the snow picked up. you're in deep trouble. >> that was -- you have a future in. >> i could be in the business. >> thank you very much. in the meantime, the war on poverty come to this. some democrats lay it out. the republicans what support a star? i must begin my journey, which will cause me to miss the end of the game. the x1 entertainment operating system lets your watch live tv anywhere. can i watch it in butterfly valley? sure. can i watch it in glimmering lake? yep. here, too. what about the dark castle? you call that defense?! come on! [ female announce

. >> they absolutely could be a lot -- collaborating on lots of things.here is a lot of cultural overlap and anesthetic overlap and ambition overlap. there are a lot of things that could bring these companies together, but there are many reasons why elon musk would not want to work with apple. tesla iso true that going up, and apple is kind of stuck, so this is why this is getting some traction. >> who needs more? thanapple need tesla more tesla needs apple? >> i do not know that either company needs either company at the moment. there are some synergies. i'll wes in the car. i know that elon musk has an iphone, so i know he is in the loop. companies need each other. but back to the battery factory, that makes a lot of things rely on batteries. samsung makes batteries. apple doesn't want to buy batteries from samsung, they probably want to procure their own stuff, and apple is growing in the u.s. with some factories, and they are looking to work on their reputation for being a u.s. company, so it does make a little bit of sense that apple would want to ge

you've inspired i'm sure a lot of people out there in the bay area. the silicon valley children's fund. there is the web address for more information them do provide a lot of support for foster children. any final thoughts, preya before we let you go? >> thank you. just the visibility you're helping provide really helps us in engaging a lot of the 1300 foster kids that are out there. we appreciate your support. thanks so much. >> good luck to both of you. >>> up next here, act ♪ it takes two to make a thing go right ♪ ♪ ♪ it takes two to make it outta sight ♪ ♪ ♪ it takes two to make a thing go right ♪ ♪ ♪ it takes two to make it outta sight ♪ ♪ [ female announcer ] only yoplait light and yoplait greek 100 are endorsed by weight watchers. so many delicious flavors that taste outta sight. >>> she is a critically acclaimed actress playing a role in "the vagina monologues." [ speaking spanish ] >> tell me the reason for doing this in spanish and tell you what my mom would say. >> i moved to san francisco three years ago, first i was with my son, i don't

because i want to play plus within the next five to six years you see a lot of. us come out to the world sports will be n.f.l. be the last place i think that if they'll be the first place yes all next on larry king now.

of things you know if you have a car you make a mint there's a lot of things if you say. about where you dollars are going an awful lot of what you spend month by month that's pretty much fixed you know you know people always have an option to go to dinner or something like that so there are things like that but to a very large extent consumption is fixed and that's what we really do see big ups and downs in consumption you know over over short periods of time right it's not like vacations are going to. going to cross that pattern it's the big the big ticket items now i want to talk about this you wrote a piece with jared bernstein on called replacing excuse me let me get the title right getting back to full employment a better bargain for working people now in this i want to i want to ask you. how do we get to anything close to full employment you talked about this a lot in the piece and i read it it was fascinating but i want you to explain kind of to our viewers how do we get back to that well the key thing is we have to get demand up and you know we just went through

and you've liked a lot of the changes. you know you've liked a lot of the changes.don't like you changing the name without telling me, 'cause that tells me you might be able to change everything down the road. >> there's gonna be more changes, pete. there's gonna be a lot of changes. until we get it right, we're gonna make changes. >> i spent 4 1/2 years creating a brand, spending millions of dollars to have a great name on the street for customers, for employees, for everything, and you just changed it without even asking. >> you're getting so caught up in the details that you're letting your emotion outplay the logic of the business. >> but this second it hurts, i'm not gonna lie to you. before you know it, it ain't gonna have anything of me and the brand i created here. >> i sympathize with your frustration. i do. it's a little like surgery. but i don't have any anesthesia for you. the process is gonna be painful, and i don't have anything--any way to make you feel any better. >> right. >> but in the end, what matters is that you make money, these people's jobs g

a lot of accelerators and incubators established. a lot of clever young people react to this. prominence, come to which helped to see the real picture on the ground. they've changed the whole model from using one camera and using many different cameras, many different points. latest -- today, a smartphone in almost every individual sand. true viewse at the and happenings taking place. this has been leveraged and used isboth sides to show what really going on here. >> dmitri, what kind of disruption, if any, have you the internet and mobile service? >> the international disruption has not been observed so far. with some of the laws they try considering, regulating freedom of internet, happily, laws have been aborted beinge internet is not regulated in any way right now. for several operators, it has been burned down. of internetn technologies and mobile networks is still up and running and that allows several tv stations to continue to broadcast even after they had been shut down from the tv broadcast spectrum. >> all right. the general director and i hop cofounder joining us f

that's a lot like life. we don't always get a gold star for our efforts or a pat on the back, aren't always people chanting our names. that's a great life lesson that football teaches. i think for the big takeaway for anyone who has ever played the game -- i heard this said by vince lombardi and some random nine-year-olds who just stepped on the gridiron for the first time this past fall. the observation that on just about every play in football, someone gets knocked on their ass. someone gets knocked in the dirt. knocked down in the mud. and what does football teach them? it teaches them to get up. to fight. to don't stay down in the dirt. that when you've get knocked down, you get back up. you can walk a few blocks from the heritage foundation you'll see all sorts of people who have been knocked down and never got up. the common denominator of everyone in this room and everyone watching at home, is that we have all been knocked on our butt at some point in life, everyone has been knocked down. in the great

again, lots of kids and lots of fun. it will be the year of the horse, so of course our horses will be in a celebratory mood. with that, i will pass it off to captain conley and bruceo to do the presentation on the audit. >> while we are there, we want to thank the outside agencies who helped with those pursuits. i heard they were very helpful. >> i appreciate it. we don't have a helicopter and one of the suspects was emerged in the bay and would have e eluded us were it not for the helicopter to spot him. needing to come up for air, i would say. >> so i want to thank the chp and the various agencies that helped. >> thank you, captain. mazzucco. >> good evening, president mazzucco, members of the commission. i name is a gordon bruzo and the ide section manager. the communities >> you need a computer? >> yes. >> i'm going through these slides fairly quickly because they are repetitive. if you have questions, please feel free to ask. the information is collected pie the following agencies through fingerprint processing as

i've got lots and lots of friends that are younger and in is whole web-based twitter-based world. and i think i know what they're thinking and talking about. yeah. >> what about silicon valley? is silicon valley to a certain extent divorced from reality? you have kids. you mentioned you created billionaires. you have kids making six-figure salaries, getting preperks at technology companies, taking shuttles with wifi access down to the peninsula, which regular residents don't have access to. is there something to be said for this idea that silicon valley really is living in its own little bubble? >> yeah, i think there's something in that. on the other hand, it's a bubble that has created -- that has changed the world, has created incredible wealth -- around america and around the world. and maybe touf put up with a little tech no geek arrogance in order to get the results of those sort of folks' thinking. >> how do you see this divide playing out? the l, now that as messenger i've been shot, i think at least read the message. >> but you just said at the beginning of this that you

a lot of it still -- a lot of areas still in great disrepair. so the initial blow they got off their panels of the storm isn't panning out or might not. >> it might not pan out. but people are pretty good in it country. they give people office tremendous leeway. they say thank you for making the effort. they are bottom line. you can have -- you're the one stuck in your car. ideology is great but get my light on. get my street clean and make sure they don't come in my window. you don't get the snow picked up. you're in deep trouble. >> that was -- you have a future in. >> i could be in the business. >> thank you very much. in the meantime, the war on poverty come to this. some democrats lay it out. the republicans what support a star? if you...hey breathing's hard. know the feeling? copd includes emphysema and chronic bronchitis. spiriva is a once-daily inhaled copd maintenance treatment that helps open my obstructed airways for a full 24 hours. spiriva helps me breathe easier. spiriva handihaler tiotropium bromide inhalation powder does not repl

they did a lot of hiring. they sucked up a lot of other firms. he made purchases with stock. -- they made purchases with stock. now they have some shares. maybe they will be the first guys to go and look for the new start up opportunity somewhere in the area and be a part of that energy as opposed to the various challenges of being in a big public company. theow would you compare way twitter handle the lockup process with facebook? >> we had a better test of how goes. the truth is that facebook had such a wild flurry of unconstrained trading. it created an overhang of some folks who were trapped in there and trying to get the money out, particularly given five spoke -- facebook had a much unpleasant ipo run than twitter. it is an apples and oranges story. there is always newfound millionaires were under kinds of real pressure. they want to buy a home or support a family member, etc. some will make it out the door. is --uess what i wonder what would that tell you about what is going on with facebook if a lot of secondary shares are offered and whe

a lot of people say here we go again. also at this hour, a florida jury is deciding whether michael dunn should go to prison for shooting and killing an unarmed teenager. dunn said he feared for his life after el thing teens in the car to turn down their loud music. he says he saw a gun. police say no weapon was found inside the car. >>> comcast is announcing plans to buy time warner cable for 45 billion. they are the largest cable companies and rank lowest in satisfaction ri surveys. thyme warner cable is not affiliated with cnn apparent thyme warner. >>> a bus driver is out of a job after a fight with a teenager caught on camera. he says it started after asking the teen for his information after having issues in the past. the teen started punching, and the driver fought back. the bus rolled into parked cars. the driver says he wants his job back. the big story up and down the east coast right now, especially right now at this moment in new york city is the snow. right in the middle of it all, michaela pereira. michaela?

or you know i mean this teaches them a lot of responsibility and simply. some children if we can't do it for our children for future. economic ups and downs in the fine at all. the longer the deal and the rest because . they seem to be everything we can all say. live. live live live. little. lives . clinton. told her my language at all but i will only react to situations i have read the reports and like the pollution i know i will leave them to the state department to comment on your letter palin please say that if lister k.l.a. car is on the docket. they get no more weasel words when you know they had a direct question prepared for a chase when you have a bunch be ready for a bad little freedom of speech and a little bit on the freedom to cost. lives. live. back now with chris martin then to continue our conversation now chris i want to start off by asking you you mentioned stocks before how can stocks you know continue to go down if you know we have this multiple expansion going on where how is this possible. well aaron the fundamentals are still really

a year ago recognizing the parking lot it has a heightened project the board of supervisors passed a legislation to require a police department permit to better insure the public safety is there. the board recognized the special and unique states of this industry. the legislation that i have proposed and is before you today builds on the recognition and helps the city to perspire itself. we want to have a level playing field with the employers and the employees are being take into account. currently the parking lot operators are required to get an annual permit from the police department. they're required to submit a fair amount of information including prove they've performed background checks on their employees and an existing permanent process so their reported to the police department annually. those operators are reporting on an annual basis about background and so forth. we're building on new requirements. the legislation i've supported will further require the operators provide some aggregated data on their employees. the legislation will be presented in the aggregate and ther

a lot of them still need a lot of tlc, a lot of attention. that's why there is a two-hour delay for many of the schools that are back in session today. the federal government -- i should say that the federal government -- i should say the schools are off today but the federal government on a two- hour delay because a lot of these side streets. >>> the maryland national guard is now activated to respond to weather conditions across the state. 250 guardsmen and a humvees are helping first responders and other crews coping with all the snow. governor martin o'malley says maryland has weathered the storm pretty well so far and many of you stayed off the roads which made it easier for snowplow crews to do their job. >>> this nor'easter is proving not to be only a dangerous storm but a deadly one. a vdot worker was killed when he pulled his church over in ashburn yesterday on chester street. he was standing near the rear of the truck when another salt truck smashed into it. the other driver was not injured. >>> vdot crews had their hands full yeste

it creates a lot of danger.nyone watching the dispensary knows that the owner of it is wandering around with tons of cash trying to pay their bills. is there a fix that is going come in time? you say what eric holder isn't doing enough. there needs to be legislation. how long does it take? >> that can take a long time for congress to pass a law to allow deposits from marijuana businesses. as you know, there's only two states that are largely operating retail marijuana businesses. colorado and washington state, and both states are confronting the same problem. we actually think that right now all of these marijuana businesses are buying large safe. they are providing their own security, they have armed security guards at their stores. they're depositing the money in to large safes. that does not lend itself well to the accounting practices we need in order to collect -- melissa: no. >> collect state tax. not to mention it would be irritated if i can't use a bank account and i'm going through all the trouble, i ha

with the show coupled with washington's growing unpopularity space he said quote well i've heard from lots of people and some people feel ninety nine percent of the show is accurate and the one percent that isn't is that you could never get an education bill passed that fast wow i couldn't agree more so let's sit back and wait until the whole house of cards comes crashing down until then let's break the. the. it's a. very hard to take a. look at that or how to act with that earthquake there. just when it seemed like the anti-government protests in kiev had begun to die down the last two days have seen the deadliest and most violent of elements on the ground since opposition forces first occupied independence square three months ago according to ukraine's interior ministry at least twenty six people including police and protesters have been killed and two hundred forty people have been hospitalized many coming projectiles including molotov cocktails and live ammunition protesters are demanding that president viktor yanukovych step down after his decision not to sign a trade deal with the eu

they can fail a lot.hey have a lot of cash and a lot of eyeballs so i think a nice future in the foreseeable future. >> a company that relied on facebook, zynga -- you will chew me with this. it doubled its money as of late. you're not too high on zynga. >> they make one-hit wonder games and it's tough to be a winner so with zynga, an app run with farmville, virtual goods and use the facebook relationship t-mobile phone. they went after a lot of acquisitions. the mobility they bought that, the user ship went down so they were a young company that took a shot and struck out. a lot of people bought it at $14, $8 a share. you're very lucky in your time but you're one of the smartest people i know so with that said, sell. >> sell. >> sell. >> thank you, rob. twitter seems to have some of those first-year issues of a publicly-traded company that we saw with facebook, ups and downs. what do you think about twitter? >> twitter is cute. instant messaging and snapchat does what twitter does, sending messages back

if everything goes right it will get a lot of credit. rio is in for a lot of change.i talked to him about the control center. they took me up in a helicopter ride to see what they are going through. >> [indiscernible] >> there's no better way to see rio's olympic future than from the air. they are feeling -- if he is feeling the pressure of building that future, he doesn't show it. as mayor of one of the most spectacular cities in the world, he loves to say he has the best job in the world, but rio has plenty of problems. is it ready for that global spotlight? >> we are in a different stage of development than big cities like tokyo, like london. they are much ahead of us, but it's a rare opportunity for change for the city. when you look at these, especially the olympics, it has a lot to do with how can you change the city. what you need to get done that sometimes you will not get done if you didn't have these events? >> it is a moment of great opportunity, but it's also greatially a moment of pressure. >> they are unlikely to understand why you're spending money on t

skyrocketed and put a lot of families in very tentative situations and a lot of them have become homeless. so, there have been emerging needs that have come out since the plan was adopted or put together, you know, ten years ago and i'm wondering -- i'm sure we'll talk about it here today, but offhand if you can talk about what we're seeing in terms of response and the rise in families with children who are homeless. >> so, i guess i come back to public housing as being a major tool. and just later this week, barbara smith, the director of the housing authority, is convening her staff at our office facilitated a meeting with coalition on homeless and other family housing providers. and i can say that all of us that are working in family housing are just hungry and hopeful that some of the waiting lists are going to be open. our section 8 waiting list has been closed since 2001. our homeless family -- our family waiting list, excuse me, has been closed since 2008. one of the things we did in our first year at hope is we partnered with the coalition and family service providers to establish

we have done a lot of work. due to the security perimeter that will be built around metlife stadium, we're are losing half of our space. we are trying to call this the first public transportation super bowl. we are working closely with the mta, new jersey transportation authority to make sure buses and trains will transfer people to the games. >> i can hear new yorkers. you know them. they will say, what? 'm getting out of the city during super bowl. >> my advice is not to leave town. there'll be a lot of fun and excitement. >> they will talk about the traffic and the hassle. >> they will say that anyway. new yorkers are very generous. they appreciate when something special is taking place. >> another problem -- mother nature. >> there had to be a rule change in terms of us being able to bid on getting the super bowl. it had to be an open expose stadium. the average mean temperature the day of the game is above 50 degrees. that is clearly not the case in february and the new york and new jersey area. >> they cha

lots of companies that are very good at what they do. there are lots of options.y checks out here and they see that they pay a couple of hundred bucks and were not happy, all they had to do is walk out the front door on park avenue and take a right and there are some great hotels. and now with social media, you have to find a way to differentiate yourself from the competition. you have to offer a product and service people -- >> how do you make sure that loews differentiates itself? >> we will have some properties that are much smaller than the big-name business. we will be competing against a hyatt and the fairmont. the four seasons. why people want to come back here is the service. they say, welcome back. >> it is a welcome for many this year, including nfl fans, new york tourists, and his regency hotel guests. a lot is riding on a simple hope that they enjoy the new hotel as much as he does. >> it is our best shot at it. we spent $100 million to reinvent loews regency hotel. it always comes back to the basic great service, but now in a new box. ♪ >> this week o

thanks a lot.g we know you're the best, buddy, happy trading. and you can hear the ringing of the opening bell. just 8:31 after that number came off the dow is off 100 points in the pre-market session and now we're up slightly in the open, but a remarkable turn around. let's bring in ed. and let's get to it. a horrible jobs report and the market is up a little bit. does a lot of this have something to do with janet yellen coming it to the rescue? >> i have no idea. i can't explain why the market is up. charles, this is a disaster. these numbers reconfirm over and over again the obama agenda when it it comes to economics is a nightmare. it's not working. we need 350,000 net new full-time jobs to create enough tax revenue to pay for our ongoing businesses. we have in the trailing 12, 180. you're a smart guy, you did it well in school. that's a 51. if your kid game home with a 51, charles, you'd get a tutor. this is control off the lead, change everything. and make one quick point. we're talking about

a lot of this review is noise in the system.have gone through many political changes in thailand over the last 75 years. and the last seven years we have been to many changes. governmentuild the yield curve inside. allteam percent to 20% of that looking at the basis of long-term investment. brought his has enormous. you have got to look at it as we time.r a very significant >> let's switch to citibank. the goal is the same. thes to get aia into mindset of individuals. >> we think that's across asia. particularly in hong kong. we have brokers. we have directors. we have the relationships. we must give customers the opportunity to access the company at all different levels. want to come in and buy insurance as opposed to us telling them where to go. bank issuance is a very important part of our business. we have seen a lot of commitment. opportunity for the quality were incredibly rare. this is a very high quality company and customer base. it is spread across asia. givesside is that this you a sense of how decided -- excited we a

they certainly are facing a lot of financial troubles.here's a huge, obviously, new amount of regulation they have to face. you're seeing the number of these community banks go down drastically. >> and yet we keep using these institutions. take a a look at these numbers. customers putting more cash in to non-interest checking accounts. should we applaud because people are putting more money away or should we say it's not the right place to put it? >> you can put in a checking account and get nothing and in a civic and almost nothing. they leave in the checking account. gerri: we know they are getting returned very little for the money. >> of the inflation they are losing money. gerri: what do you say to people who believe i don't want to pay this for a checking account. my money could be used better elsewhere. what should they do, neil? >> you should get district depositive it or find another way. look at the small print and find out what you have to do at the particular bank to get free checking. look for a small bank or a credit union o