my first thought of course was philip green's company arcadia in the u.k. they are top shops and they're being protested by u.k. uncut for price fixing market manipulation and not paying their taxes so this group of arcadia they seems to attract a lot of bell. well actually philip green i saw was in the news as well because he's advising david cameron about how to make government more efficient government is run of course on taxpayer dollars so a guy who pays no tax is advising the government. on how to spend his taxes pretty but has a lot of chutzpah you've gone to the right guy to get advice on how to run a number of or especially a guy doesn't pay the taxes a good one like i said we have the market makers around the world rigging the markets the prices and refusing and well basically using strong arm tactics against any competitors here's another headline analyst goldman too big to face prosecution . market maker goldman sachs apparently won't face criminal prosecution related to sales of mortgage linked securities because such a move could threaten the

sales process to break up the trading houses longstanding monopoly so arcadia was using a local agent who was a tribal leader named our mark now these cables from the u.s. state department say that once they had to compete with other competitors then they didn't take it lightly first they started rigging the process where they were offering like a dollar more per barrel of then the other competitors to drive them and scare them out of the market but the state department cables then cite a highly ranked government officials that says all our own nic arcadia took their fear of competition further and scared away potentially more competitive bidders by threatening to kidnap their representatives and i think first of all is one of the category of best practices something called k p m g good blue zone on the phone that's right in their instruction manual so they threatened all kinds of murder and mayhem if they didn't get their way well the point is is that here are guys who are running our global markets whether it's the high frequency traders or this guy just using old school fog tactics

there is a market in arcadia. ocean avenue. so, they are in the range and are in diverse neighborhoods do you want to hear from the architect? >> good afternoon. in with the architect firm on the project. but would like to go back over the context with you and help to understand it better and are you you and see -- voted to rivera and then we have smaller, residential buildings and on this street even see both artsy washington to the right. there is a sloping that comes down about 10.5 feet on our property, coming down a two- story to 10 1/3 willing. you can hear -- thank you. so, this is the existing building for poker to washington. -- booker t. washington. as we look at the larger block, there are more they are coming up in -- at the other side -- the bus yard. down further, we have jaycee see and the fire station without their residents 0 block here. as you can see her on film, this diagram described as the historic pattern of san francisco from street with to building height ratio. typically you will see one: one. so, our

all the men are from arcadia. they are okay and resting and waiting for the wife of one men to come pick them up. they are looking into recovering things from the boat, including the crab. 80 pots of crab. the boat is 600 yards offshore from here. it might be stuck on something. coast guard is not sure. it's dark and the main concern is getting people rescue and getting them shore. once they get daylight, they will check it out and see what they can recover. make sure there isn't fuel leaking in the water. amy hollyfield, abc7 news. >> thank you. >>> governor brown is expected to sign the state budget soon. it passed the legislature late last night. because there is no tax increase, simple majority vote was enough to pass so not a republican vote was needed. but there is something in the budget for each party to dislike. >> the budget will devastate public education, schools and children. $3 billion worth of cuts. >> this budget right now doesn't go far enough to really correcting the things that are wrong here in

i'm told the boat is out of arcadia. the boat is still in the water this morning partially submerged, and so is the life raft. the coast guard telling me they are keeping an eye out for it right now. it is dark out there. they expect to get calls from other boaters seeing this partially capsized boat out there. they want everyone to know all three are out of the water at this hour. reporting live in san francisco, christie smith, today in the east bay. >>> thank you. martinez police officer has died after a two-year battle with cancer. friends and family will gather to remember sergeant brian carter. carter died last week two years after he was diagnosed with non-hodgkin's lymphoma. he planned to return to the force after a bone marrow transplant but things took a turn for the worse. sergeant carter was 37 years old. this morning's funeral service will be held at 11:00 at the fairfield community center. >>> this morning an east bay family mourning the loss of a loved one, a decorated soldier on his third tour of duty ove

traders who were working for oil trading house arcadia upon were charged for a scheme to hoard oil make a quote load of money and then dump it in and in a never tickle puking according to e-mails acquired by the c f t c well the inevitable puking is known beforehand because the system is so highly leveraged we're talking a leveraged ten thousand to one forty thousand to one and they know that at certain points that the system will automatically puke out positions because they're allowed to continue would mean instant insolvency for half the global economy it's kind of like watching those japanese sex robots have an orgy and then all the sudden they run out of electricity have never seen that but this scheme happens between january and april two thousand and eight to see if to see complaint alleges that by mid january two thousand and eight the traders had accumulated four point six million barrels of physical oil or two thirds of oil available for delivery against the february w.t. i future of contract and by march they had eighty four percent of all of will for delivery and then they d

the boat is registered out of arcadia, coast guard keeping an eye on it. they are expecting to get quite a few calls from boaters out there seeing the life raft and partially submerged boat but they do plan to get it out of the water at some point. reporting live in san francisco, christie smith, "today in the bay." >> thank goodness those men are okay. thanks, christie. >>> coming up on the fourth of july weekend if you want to set off legal fireworks, you only have a few options where you can do so. a dozen cities in the bay area and santa cruz county will let you buy and use fireworks that don't explode or leave the ground. you can buy and use fireworks in the following cities. san bruno, pacifica, union city, dublin, gilroy, seaside, watsonville, pet lumm, a, walnut park and cloverdale. any not bought at a licensed vendor are illegal. 5:07 now. we're going to check that forecast. fourth of july is going to be hot. >> yes, it is. but today not so much. make sure you grab a jacket. we're only forecasting highs today in the upper 60s, low 70s. we had a co