if president ladd, what a concept, if president ladd and it got worked out. and now i will close with this. we tend to think about this stuff. i read "the wall street journal" like you all. editorial pages talk about preferences, corporate welfare. in a flat tax in the room? raise your hand. but the fact of it is if that is your denominator, every extra provision, every extra statute every extra preference we discuss is some form of corporate welfare. everyone. any realtors in the room? charitable deduction? anybody give money to the chair? from an enterprise to your college 529, everything legislators do mostly these days is to pass a preference to get a public policy goal done. that is the definition of politicians today. that is what you do. so when we start -- we started this process as a party, as a leadership party that counts, we need to really figure this stuff out. oil and gas syntaxes. you name your preference. you name your profession. but the fact is we are not going to have a flat tax problem but we are at some point soon when a republican slate,

have ladd? vlad? >>> a disturing trend among teen drivers. distraction a factor in nearly six of ten moderate or severe accidents involving teenagers. car crashes are the leading cause of death for american teens. quiet andrews is on the road in washington with a sobering statistic. wyatt? >> reporter: good morning. we've known that distracted driving is dangerous especially for teenagers, but this report says it's worse than we ever imagined. to do the study, aaa collected six years' worth of videotape shot in the cars of teenagers while they are driving. they all knew they were being recorded but here's what happened anyway. never mind the dashboard camera taping them. these teen drivers still got distracted. texting, staring out the window. talking on the phone. or simply talking to each other. >> oh [ bleep ]. >> my phone. >> this young man on the phone looks both ways twice but still gets hit from the side. >> oh, [ bleep ]! >> in the study, aaa found that distraction was a factor in 58% of all teenage crashes, a number four times the go

have ladd?el thanks. >>> charges against army sergeant berg bow dahlowe bergdahl convicted are deserting his post and the taliban captured him leading to a prisoner exchange. reaction from beg dahl's fellrgdahl's fellow soldiers. >> reporter: the only missing in afghanistan, bringing him home was an important part of winding down america's involvement in that war. well the war is winding down but the legal battle over bergdahl is just beginning. the arm threw the book at bergdahl charm charging him with desertion, five years in prison and misbehavior before the enemy, carrying a much stiffer penalty. >> a maximum potential penalty of a dishonorable discharge, reduction to the rank of e-1, total forfeiture of all pay and allowances, and possible confinement for life. >> reporter: bergdahl was held by the enemy five years until captors freed him last may in exchange for five senior members of the taliban held at guantanamo. a statement released describing conditions of his captivity. kept? isolati

steve ladd and though iran native this marin native.. and being targeted by the alumni. there hopefully like to give me basketball coaching a shot. mullin is the greatest player of and history of saint john perry. sang jazz is hoping that he can't turn >> gary radnich: the russian and goaltender hit in the head by a fly air the flare comes down from the stands police arrested the man that through it. fortunately the player is said to be ok. >> reporter: coming up on kron 4 news weekend the warning people about a rise in burglaries. latino what the police as saying about the spiking crime this is in a one east bay city. >> reporter: 730 justification is joining us here at a summit of big stories worker on this morning's support continues to comment from the bay area as the veteran san jose police officer michael johnson was gunned down in a line of do it in a line of duty a memorial has been set up to remember officer johnson. on memorials are setup across the bay area. last night people were morning together in san jose city hall. the chief of police is hoping this trage

this is from jim ladd.vestors in the same way you consider yourself to be? >> they're value investors. anybody that's -- i always say if you aren't investing for value, what are you investing for? and the idea that value and growth are two different things makes no sense. i mean, growth is part of the value equation and a company that grows and uses little capital is obviously worth more money than one that doesn't grow. that doesn't make the one that doesn't grow valueless. so they have a very similar approach to investing than charlie and i do. but it's not identical. but essentially they are trying to figure out what a business is going to look like five ten years -- if you were buying a farm you'd like to see what they were going to produce years from now. if you buy an apartment house, you think what will it produce years from now. that's what we do with stocks. they're just pieces of businesses. if we're right about the business, we're right about the stock. and so they are doing the same thing. they