>> the concept is the infrastructure financing district revenues would accrue annually for a time. they would be captured under a bond issuance of the front end, and the net proceeds would be in this bucket. there would be a collection the exceeds that because you also have to provide for coverage. it is not all, but it is the majority. >> my understanding is the funds, the dollars that come out is also depend on -- intended for other uses. is that correct, or is it for the expenses by the havana authorities raided by the event authority -- is it for the expense of the event authority. >> it is dedicated to infrastructure work. we have not planned development of these sites. there is 8664, which provides the state's share of tax implements. those will be available to fund other facilities along the waterfront. >> i want to clarify that again. and i do actually want to talk about taking of a lot, but i will talk about five out a later point. -- talk about that at a later point your go. >> i have had numerous conversations, and it is not easy, because we have a different understandin

the similar kind of benefits that accrue to the city overall. one of our primary industries city-wide is tourism and this is a flood of tourism and its own right and a lot of exposure and there is financial benefits. we have heard varying estimates of the overall dollars spent, but they are very high. all of them seem to be over a billion dollars. softer goals include the completion of redevelopment of the area of the waterfront. we have struggled to redevelop appears that are left. there are also a temporary jobs. almost 9000 jobs. these are significant benefits and that is why the d.a. does not stand alone as a real-estate project. it is embedded within an event. there's an extraordinary risk profile which i would say there are extraordinary risks, but there are extraordinary opportunities. let's go through some of the normal risk profiles. these are the broad categories and there are some really good reasons it has shaped up this way. we don't know yet what is going to happen. the port commission contains those controls. that makes it the res

provisions do not affect the total financial statement effective tax rate, which is based on the total accrued tax expense both current and deferred. a lower corporate tax rate and accelerated depreciation both reduce the economic effective tax rate on tangible business capital investments. but a lower corporate tax rate also reduces many other tax ddi extortion. bias toward corporate debt and taxable income shifting across tax jurisdictions. the lock-in effect on corporate capital gain realizations. lockout effect on foreign dividend repatriations and reduces the tax on corporate entrepreneurship and innovation. they emphasize the necessity of combining permanent expensing with repeal of interest deductibility in order to prevent negative effective tax rates. in 1982, congress peeled back accelerated depreciation as part of their deficit reduction efforts, coup to what were considered excessive tax benefits from combining investment tax credit with accelerated depreciation and interest deductibility. the 1986 tax act was a key starting point for the 1986 tax reform process. the base-broadenin

this is the fourth straight it accrues have recovered remains. in addition to bonds that he minty it they found human issues, a purse and jewelry founder well on an abandoned power around qr. half for a convicted serial killer salicylate fox the end of five were known as the speed freak killers for methamphetamine fuel killing sprees in the '80s and '90s. they now want to know if they had anything to do with the disappearance of a tailor and. . she was last seen in hayward 1980 fury x does so princetons moderate four of the debris of. >>grant: jack hanna visited san francisco zoo to date where fans of all ages flocked to him for pictures. he toured the grounds with a celebrity zookeeper. >> legendary animal ambassador jack hanna stopped by this african safari exhibit and visited these rare lemur's from madagascar are. he calls the san francisco zoo a diamond in the rough. >> the lemur exhibit is magnificent. the opportunity for the zoo to grow is one of the greatest opportunities. >> he is a television personality and known as america's favorite

they accrued to folks at the top. that's great. but when you're dealing with the deficit, i shouldn't say that's great. it would be better to have shared posterity. the reality is when you're dealing with the deficits, you have to make choices. put up the slide. but i hope everyone will look at the cbo report that came out last fall on growing income inequality in the united states. what this chart shows and that red line there at the top are the top 1% income gains. again, proportional, and you can see what people in different quintiles did, this is why the folks at the top are paying more in terms of taxes. because they are making a whole lot more than everybody else. that is simple math. this is not about the politics of envy or class warfare, this is how do we solve a deficit problem in a way that asks for shared responsibility. and what this chart he shows is that we should ask the folks at the top to pay a little more because if we don't, we will have to do what the republican budget did last year which is slash important inv

in 11 and 10 are close to what should have been accrued. >> did you feel this way three months ago? i'm curious. >> i did. >> that's why you stuck with the buy rating here? >> i did. i thought while it's unfortunate what was announced last night, take the bah off this is morning was prima facie. >> i am not getting how it was fraud. maybe it was the highest levels and maybe it was underneath and that's a failure of the organization. how can you be confident that there is nothing else additional so many times in fraud. it seems to get worse and worse as it's dug into more and more. i would think we are not at the end of the investigation here. this was just the audit and not the sec investigation, right? >> that's true. the committee investigation is extremely thorough. if you are an audit committee member, you have zero upside in live and plenty of downside for getting this wrong. they went very comprehensively through the company and my characterization which i haven't seen in the entirety would be that this is a pretty good look at what the company did and they have isolated on tw

and about the feeling that i get that the financial sector, while making honest money, once they accruend power, generally rig the game so that they can continue a sort of incumbency of wealth. and that makes me-- i think you have a slightly different viewpoint on it. and you can perhaps help me not tear my hair out. >> well, companies like bain or financial companies generally do one of two things. they invest their own money, which nobody has a problem with; or they invest other people's money. >> jon: right. >> to get the other people's money collected, they have to make returns for them. they have to make profits. so it's not as though these notions that, you know, private equity companies in general or bain in particular are out there ripping people off and just taking management fees because while maybe some of these investors report the brightest knives in the drawer, they're not complete idiots over a very long period of time. >> jon: well, i mean, even-- ( laughter ) the guy who handles yale's endowment-- >> david swenson. >> jon: david swenson. he wrote that people, unless the

it is either going to come here and this place on accrued we are getting from venezuela and other places -- >> how are the republicans going to make it stick? >> we passed a bill last week with bipartisan support. it was included in the transportation bill the house passed last week. it is now part of that bill. this bill we authorizes the highway spending and all transportation. the senate does not know if it will be in the senate bill. we are hoping we can get this to be president's desk again. it is different from what he had before. we had this certified that it was not in the national interest. >> you mean the senate will pass its? -- pass it? >> we design this in the same way the alaska pipeline was designed in the 1970's. the president signed a key piece of bread -- piece of legislation. if it meets those standards and the with changes it shall be approved by the regulatory commission within 30 days. it takes it off of the president's desk. maybe the president can say, i do not have a role here anymore. if it meets the standards, it is done. remember as it relates to the senate th

the state department does believe that some benefits accrue to the united states in membership in these organizations. and as was pointed out in my earlier hearing before the senate foreign ops subcommittee, israel remains a member of unesco, despite palestinian membership. and in our conversations with israelis, they basically point out that there are a number of areas where unesco action is helpful to the israelis. so, you know, this is -- this is a -- we have very clear instructions from our legislation, but we also think it is in america's interest to do things like holocaust education programs, which unesco does, stand up for the freedom of press and expression. so the waiver would give us the opportunity to evaluate specific circumstances and it would also give us the chance to react if by some unforeseen circumstance some of the major u.n. organizations like the world health organization or the international atomic energy agency were to be so wrong headed to extend membership. those are organizations that we really have a big stake in. so the policy is one we agree with. we obvio

. >> i want to make sure our employees and retirees get paid what they have accrued. >> tonight, the controversy uncovered by nbc bay area's investigative unit. tonight, a follow-up to that probe. we begin with our investigative unit. >> we're disappointed. we're frustrated. and we're upset. >> to find out there's been dishonesty along the way, is difficult to even comprehend. >> reporter: city employees and union reps are speaking out, following an nbc bay area investigation that revealed the retirement cost prediction used by the mayor of san jose wasn't based on real data. >> mayor reed lied, misled and deceived the public and the members of t san jose city council, concerning the true fiscal conditions of san jose. >> reporter: five unions filed this complaint with the city of san jose, saying chuck reed misrepresented the facts, to sell a fiscal disaster. our investigation found the mayor claimed retirement costs could reach $650 million by 2015. even though the official projection stood at $400 million. >> the mayor was told not to use that number. that the number was $400 mill

adjusted medicare diagnosed groups, the typical medicare patient treated in a physician-owned hospital accrued charges $734 lower than the same case treated in a nonphysician-owned hospital. and that was a study done in 2009 by the oxford outcome study. so, you know, have i other statistics here, and i'd be happy to share them with you. but the fact of the matter is physician-owned hospitals are very effective. they're a great use of taxpayer dollars. there again, we're providing the benefit of care to our medicare recipients in these communities. not all states have them. but those that do, there is a high rate of effectiveness. and i just think that it is something that we really need to look hard at. thank you. >> is to keep things fair, is there a house democrat? >> just briefly. i think senator baucus has indicated, we've been discussing this issue for endless years it seems. and i think we just need to be careful. we were on a somewhat court note about sdr and the wisdom of a permanent solution. i think on the extensions, i think the senate provisions myself should be those provisions sh

that's why there are more savings that will accrue to the postal service. >> right. >> further debate? hearing none, senator carper, would you like to respond? >> mr. chairman, in the case of reductions at retirement age, i find that 38 states do not have any reduction at retirement age, but there are complex issues related to the appropriate benefit levels that should be analyzed before we act. while there was discussion of workers' compensation during the debate, or the postal reform in 2006, since that time this committee has not considered a single bill on workers' compensation reform. nor have there been any hearings on workers' compensation reform until an ogm hearing as i mentioned was held this july where i was the only member that participated. there are three different gao reports pending which would help inform changes to feca including two that senator collins requested from this congress. another one by bipartisan group as i mentioned of congressman from the house education work force committee which has the jurisdiction over fica in the house is looking at the precise qu

we also believe that it will save at least a dollar a registration in most of that savings it will accrue at local level where they will not have to key in the information, it can be electronically transferred and in a time where there are tight budgets for local officials, this is one way that we have been supporting on the voting security side and also on the cost savings side and hopefully will prevail on that discussion. >> tom, from louisiana, we have had that in place for several years and been very successful with it. and the only thing i would say to you and any other state, and i agree with mr. reid and others, that it was, i sold it on an economic basis. but make sure, at least we do, if you "retch sister online" that the first time you vote, you have to do it in person. you cannot ask for a mail ballot. the reason we do, is we verify the signature that was put online and like mr. reid said, we always have to -- you don't have a problem with the photo i.d. issue and what have you. we'veno problems with it whatsoever. and not on the same subject but while i have the mike. i know

accounting purposes in this case, the kaunting rules require expensing not just the taxes paid but also, accruing and expense ing the future taxes that will be paid because the company yooised that tax shield early, thus, accelerated or bonus depreciation $not reduce a firm's accounting income tax expense and their reported effective tax rate and does not increase reported earnings relative to the world. when asked, corporate management will often reveal a preference for a rate cut over bonus depreciation for several reasons, one of which is that there's no reduction in income tax expense on the income statement but there would be with a rate cut. in addition, empirical evidence on responsiveness relative to the investment tax credit which reduced financial akoungts and income tax expense reveals the response was greater than holding the cash value savings constant suggesting that the accounting effect is important and serves to mitigate the responsiveness to accelerated depreciation because there's no financial accounting benefit. in conclusion, the main point of my testimony is that what many c

the right now we believe which of rights he wants to give you the states war two he's really would accrue which means you know the nossal the russian people. well you can always read more of our top stories online at our two dot com here's a look at what's there for you right now the war over words continues as the u.s. navy says it's ready for fend off any threat of the iranian primakov and it's time to read more about the world war two tactic tehran is talking about on our web site and. also online nothing says i love you like a cockroach find out more about the creepy crawly valentine's day give some wild birds are sharing with their sweethearts hard to imagine why but check it out at art's new time com. after more than two decades the a factor of one of the world's worst ever industrial disaster still linger in bob hall india now that scandal is fixing it thout to london's attempt to state a green olympic games this summer or it is there a ban it has more on the controversy. organizers claim is the greenest most sustainable a limp dick games ever but a poisonous cloud of controversy h

most of that savings will accrue at the local level where they will not have to key in the information that can be electronically transferred and at a time when there are tight budgets for local officials, this is one way that we have been advocating not only on the voting security side but on the cost savings side. we hope we will eventually prevail in that discussion. >> we've had that in place for several years and have been widely successful with it. the only thing i would suggest to you or any other state -- i agree with mr. reed and others. it was our -- i sold it on an economic basis. make sure, at least we do, if you register online, that the first time you vote, you have to do it in person. you cannot ask for a mail ballot. we use that point to verify the signature put online, and like mr. reed said, you don't have aa problem with a photo i.d. issue and what have you. we've had no problems with it whatsoever. and not on this same subject, but while i have the mike, i know a lot of you experiencing a lot of difficulties with picture i.d. at the point of voting. louisiana has ha

this case, the accounting rules require expensing not only the cash taxes actually paid but also accruing and expensing the future taxes that will be paid because a company used that tax shield early. thus, accelerated or bonus depreciation does not reduce a firm's accounting income tax expense. it will not reduce their reported effective tax rate and -- relative to a world without accelerated depreciation for tax purposes. when asked, corporate management will often reveal a preference for a rate cut over bonus depreciation for several reasons. one of which is that there is no reduction in income tax expense on the income statement but there would be with a rate cut. in addition,

the $1.2 trillion in debt reduction will be accrued over 10 years. we're going to increase our national debt by two times, almost, that much by next january. meanwhile, a year ago this month, the first of 78 million baby boomers started coming on the medicaid program, coming on at a rate of 10,000 a day every day for the next 20 years. by 2020, the average medicare recipient will be taking $3 out of medicare for every $1 they paid in during their lifetime. so my point is, regardless who wins the presidential election, regardless which party is in control of congress a year from now, there is no way to get our arms around the national debt unless we take on medicare and medicaid. and absent any rational pathway to a new delivery model, congress is simply going to turn off the tap. and that is really bad news for a health care industry that's built on a business model that assumes that the public sector and private employers are going to continue to finance an inflation rate that's several times higher than the cp it. those days are gone forever. that

the right now we believe we could writes he wants to give you the states portion more real would accrue which means you know the masa of the russian people but you can always read more of our top stories online at r.t. dot com plus much more here's a look at what's lined up for you today at our t guard column more words in use as the u.s. navy says it's ready for the band off any threat of a rainy and kamikaze read more about the world war two tactic tehran is. rocking about on our website. and nothing for five love you like a cockroach find out more about the creepy crawly valentine's day give some dumb birds are sharing with their sweetheart you are not of my but check out at are to me dot com. the more than two decades the f.x. of one of the world's worst ever industrial disaster still linger in bhopal india now that scandal is fixing itself to london's attempt to stage a green olympic games this summer our desire bennett has more on a controversial new partnership organizers claim it's the greenest most says.

in the currency wars asymmetric they lower rates but the benefits accrue ninety nine point nine percent to the lenders the financial establishment on wall street very little little of the benefits go toward people who are in the consumer economy who are the basis of the economy toward lowering their rates so there is no know of no benefit on the consumer side on the banking side it stifles lending within banks and creates a illiquidity which is of course contributing to the deflation and then the central banks say we don't know why there is deflation because we keep shutting off the liquidity don't understand why the taps of liquidity are drying up it shows a pattern of psychosis which i think most people now understand i think most people understand that in fact the intent is not for no money to go to the zombies because those are why would you ever want those peasant zombies to ever have any money again to pay off their debts you want them just eking eking eking out a lie a tiny tiny sort of subsistence level what you want those zombie shrieking to empower and to enable a vastly growi

so that means we make expenses, we accrue expenses very early before they actually happen in cash flow. for example, bad debt expense, and so forth. i think the tax code generally has not favored such treatment. also, there is a lot of evidence in the literature that book tax conformity would reduce the information that is contained in financial accounting earnings. the rules are set up for two different purposes. and basically accounting earnings are made. the rules are set in order to inform stakeholders. and the evidence based on the 1986 tax reform act when a certain set of firms were acquired to increase our conformity, the international evidence, and several other studies basically show that the information that is in accounting earnings will go down if you conform those earnings. i also share the concern about who would make the rules after the conformity would happen, if it would be congress, fasbe or the international accounting standards board. and i think that would be very hard for the u.s. to handle the international and accounting boards considering our tax base. thing is

from trusted sources there should be a justification that should be public and the liability should accrue to whoever the inquirer is. >> can you just comment on that as well? >> i do agree some. i also add that we look at the supply chain and issue of your product integrity. we do rigorous testing on acquisition of any product. we would also believe in leveraging some of the existing standards to focus on a product integrity issue. what you want to know is did that widget you bought is it exactly what you think you bought. that's the hard of the issue. rigorous testing and expanding some of the existing standards. >> just to make sure to clarify for the record, mr. chairman. so we are at risk if we integrate into the u.s. system non-trusted sources of product. i want to make sure i'm clear on that. >> i certainly think it incrieses the risk. >> thank you. >> i used to do this supply chain stuff when i was in the government, sir, on both sides of the table. and a couple points on that. first, right now it's not worth it. you know, it's so easy to hack. you have to assume that our chinese a

military operations in iraq and afghanistan, we can finally eliminate the $300 billion debt that has accrued in medicare for over a decade. this is really offsetting anticipated cuts with unspent expenditures. it really is a fair i think accounting issue. and we ought to take care of it. this funding mechanism as you know has gained support from members of both parties. it not only enabled us to pay down the sgr debt, but allows us a more accurate accounting for . we have a choice. all of us sitting here have a choice right now as to whether we deny and defer this problem once again, even for a year or two, leave seniors not sure what to expect, and leave doctors again uncertain about whether they should continue to take medicare patients or not and what their updates would look like, and what their cuts would look like. it was offered for two years. i think we're in a different place right now where we actually could go further. and you've heard that from your side of the aisle as well. so we have an opportunity to pass a fully paid for permanent repeal of sgr. we all agree that the rate of

. >> all sides accrued that the mutated bird flu scientist could kill millions if it gets out. international health officials say the best way to protect the public is to release the research. security experts say it's crazy to lead these secrets get into the hands of terrorists. >> we got an exclusive tour of the research facility that engineered the so-cold accommodation day virus. a bird flu that is menacing because it can be passed between hiewmsishing does this scare you? >> yes. this can happen so easily. >> scientist manipulated a few genes so they could better understand human to human transmission, something that nature can easily do on its own. no visitors can see the high security lab where the super virus lives inside a bank vault, but we were shown how it was tested on animals. the ferret on the white was given the mutated virus. air floated into the next cage, killing all 40 of the exposed animals. >> the u.s. government asked researchers to do the work and the u.s. taxpayer is funding it. what if the information falls into the wrong hands or the virus escapes by

expectations on women were accruing at an insane rate.vet entourage, the gay wisdom, some humor. >> what kind of gay wisdom do you have for us? >> first and foremost it's a humor book. as you would see, joan rivers said when she read it she split her spanks. >> i have other issues with her. >> when people buy the book, which i hope they do in millions, i would like them to weigh themselves ahead of time and then read it and then weigh themselves after, because i do think that laughter is a weight loss -- >> speaking of food, should we check it out? >> check out what you mean by -- you say there are gay meals and straight meals. are there bisexual meals? >> well, let's start with mexican food. which we all love, right? who doesn't love a burrito. please, if you get kidnapped in mexico beg your kidnappers to take it easy on the guacamole and the burritos. >> and the margaritas. >> yes, because you're in a confined space. >> look at this. so awesome. >> this is the straight food. see my theory is there is straight food and there is gay food.