this is the most powerful thingle assumption and the facts here expected costs higher assumptions, increases the likelihood of future contributions will be higher than expected. and lower assumption reduce the likely cxz will be higher than expected. but it changes what the current contribution is and what the expectations are. overtime, though, it's the actual return on the investment that will drive the cost of the plan not the assumption. on the right hand side we show the spreads that we monitor. the middle over wage growth really dictates the costs of the active members and then on the far right we look at-risk free rate and how much you would have to exceed how much returns would have to exceed the risk free rate. and we'll look at that in more detail in slide. here we're showing some survey results to see where you compare we're looking at the national plan database and san francisco is the gold thought where the bars show the range. and just over the 75 percentile. on the left side, the same but from our california base, i would note that the wide range is different on these two char

1 big assumption is the assumption _ in a few years?n a few years? 1 big assumption is the assumption we will not - in a few years? 1 big assumption is the assumption we will not see - in a few years? 1 big assumption is| the assumption we will not see any unexpected, unpleasant side effects, so that is 1 big assumption in unexpected, unpleasant side effects, so that is1 big assumption in how things will develop. i think the next couple of years as availability increases, it will not scientifically change markets. in 5 years time, it could have a major impact on food service, on snacking, on food manufacturing. as a keep on saying, this impact on people's weight and problems associated with obesity is so front of mind for consumers, health—related, food and drink brands it cannot help but have a huge impact on their business. toby, really good to have you on the programme. thanks for being with us on talking business. thank you. thanks very much. mind next guest is from universal standard and she tells me how they're anticipating antici

it seems to be the working assumption from authorities there in germany, is that it is.s of who is behind it, any possible motive, clearly we don't know that. in terms of the number of people killed and injured, talk us through what we know and what we don't know about that. samantha: no actual, definite confirmation from the authorities but some 25 minutes or so ago, the reuters news agency quoted a local police officer as saying at least one person was killed and several injured. since then, we have not had an increase in the death toll but significant increase in the number of injured. no confirmation but the afp news agency suggesting a number of injured could be between 60 and 80 people, according to a spokesperson for the local rescue service who told him to the afp news agency. one would have to assume that is quite accurate. given the huge number of emergency personnel on the scene, ambulances, footers that we have seen -- and we are not showing the extremely distressing scenes of the car plowing into the people. but given the footage we have seen, that is possib

but i think what's been missing is even the assumption, even the estimate based on the assumptions.so i think we're excited in svusd to get to the point where we're doing what i think other districts that are in a more stable, operational place have been doing. and but i think that is a really good point, that it's not final at all. right. obviously it's going to adjust, but but to have a draft right, that then we're then working on that we can be transparent with the community and the public about, i think is really important. and i'll just add to like being constantly reminded of those assumptions is really helpful. i think i will say as an individual board member, and i'm sure the rest of my colleagues and i don't think it's a we can say enough how helpful it is to see even early iterations and plans as soon as possible. i think one of the challenges that we had in this past school year in implementing our staffing model was everything was happening so last minute that we weren't able to then respond and reiterate or iterate on that prior to it going live. and that that i think s

underneath that are two important assumptions and the first assumption is conditions are recorded with equal fee for service and when that assumption is violated we call that intensity, and the relationship between conditions is the same fee for service and medicare advantage and when that assumption violated we call that favorable selection. moving first to coding intensity, coding intensity accounted for 13 of those 22 points. likely encourage differences in coding. on fee for service side of the house, they generally don't change with recording diagnoses so that may lead to relative under coding or incomplete coding and alternatively, the payments due increase with more recorded diagnoses. that can produce more complete coding depending on the circumstance. we see these incentive is borne out with plans involving health risk assessments and chart reviews. these things typically don't occur in fee for service. to be clear, there is nothing wrong with conducting health risk assessment if they are used in the service of producing care management plans and beneficiaries but they have al

it just doesn't make sense as a matter of logic so that is i think the general assumption. and then i talk about in the book the courts chipped away at that but that that is and we sort of live with it for some reason. we just accept that this is just part of our government. yeah, i was struck by your that they had this assumption that people would be honorable, you wouldn't need the power and i guess with george washington is kind the presumptive president in an image that was a very reasonable assumption. i'm wondering also did the just put too much faith in impeachment thinking that congress itself would be honorable, if you will, and while you wanted a deterrent force, it was impeachment. and what happens? yeah, i would agree with you. so so the only expressed limitation that is the only thing that presidents can't under the plain language of the constitution is part of people who have been impeached and convicted. and we've seen this with the last multiple impeachment s two to have donald trump, bill clinton that there this clause in the constitution, the impeachment c

a kind of makes a matter of assumptions. even though the data came out and looked good, you look under the hood, core pce was up 11 basis points. it's 2-8 year over year, that's an eight month high from where we are. next, housing is also in an eight month high. it's accelerating the wrong way. i'm not a big pce fan. these were tracked there for us. all the data shows me is inflation is accelerating. >> so, in the most meaningful way, obviously, is how this comes to bear on the markets. what are you doing with the portfolio for next year? >> kelly, you have to look at things that will be transitory. you look at inflation going to celebrate, we have a plan for a portfolio in things that do well in an environment where inflation is accelerating, i don't think it will accelerate as much as it did in 2022, but the idea is having things that do well and in that environment, businesses that are placing power. we think that's going to be an environment where you want to have a portion of your portfolio geared to the fact, are we go

the first is to question assumptions.everywhere we have miscalculated ourselves in the middle east, it is because we thought we knew the answer and we did not check our work. i think they can same can be said even for a most important allies and partners in the region, in particular the fact that in retrospect all the signs of the attack on october 7 appear to have been evident and in some cases even known to israel's intelligence capabilities but they were not put together in a way that helps people understand what might be that has happened time and time again in the middle east. to saddam's invasion in kuwait to so many issues where we failed to appreciate what was happening before our eyes. that's not to say we've missed everything but it is to say we should be constantly questioning our assumptions, whether for good or for bad. i think there are other sets of assumptions we have had at different points in time where we have had missed opportunities. the fact that the trump administration was able to put together what

the first is to question assumptions.everywhere we have miscalculated ourselves in the middle east, it is because we thought we knew the answer and we did not check our work. i think they can same can be said even for a most important allies and partners in the region, in particular the fact that in retrospect all the signs of the attack on october 7 appear to have been evident and in some cases even known to israel's intelligence capabilities but they were not put together in a way that helps people understand what might be that has happened time and time again in the middle east. to saddam's invasion in kuwait to so many issues where we failed to appreciate what was happening before our eyes. that's not to say we've missed everything but it is to say we should be constantly questioning our assumptions, whether for good or for bad. i think there are other sets of assumptions we have had at different points in time where we have had missed opportunities. the fact that the trump administration was able to put together what

every bit of information you receive you interpret on the basis of those assumptions. i had been in israel this summer before. i had seen most of the senior security and intelligence people and they were all describing hamas deterred. they were all describing cinnabar as having a prisoners mentality meaning they understood who he was. prisoners have a way of trying to increase pressure as a way of getting some response. and they would say look what he wants is to expand the area were gaza fishermen can go it pretty was to give more work permits it. we know how to deal with him. when he raises tension along the border tip countries to provide more money per this is a collective view. we have that groupthink you create this. what is on the morning of october 7 hear what was the government going to be doing? how is he going to respond? having been in circumstances not quite like this but when sharks took a place, i can tie the first thing to try to do she try to get a picture what exactly is happened? but the very first thing you're going to do pre-bring intelligence peop

yeah just go to budget assumptions okay.so the budget assumptions are are the building blocks that we use to build the budgets for 2425, we have the enrollment of 49,185. we're projecting a decrease in the out years to 48,005 20 and 2526 and 47,636 and 2627. and we're using a 93% attendance rate, which is the average that we're seeing right now. so that brings the attendance, the ada, the projection to 45,682 for this year, 45 324 for 25, 26 and 45, 273 and 2627. we are given a cola and based on the economy, and that's 1.7% for this year, 2.46 and 2.46 in the out years. because of the declining enrollment, though, the actual impact of the cola is 3.3%. so the effective change on the lcff go up. at this point in time, though, these numbers may change based on the negotiationse govee legislature. sour target base, our class size reduction lcff is 15 million in each year. well, it's up to 16 and 26. 27. our career technical education supplement is 4.5 million. and the total entitlement for this year is 634,000,448 231, which ma

a high assumption they may be affiliated with the gang.ad the discussion the individual in the white house and that occurred september 23rd of, i believe. that person basically told me once democrats get across the border, that is all we care about. to me that is a problem. >> sandra: wow, those are powerful words. detailing nightmare inside the complex known home to members of that notorious venezuelan gang, tren de aragua. more than a dozen suspects breaking into the apartment where pistol-whipped and tied up and stabbed two innocent victims. i can barely believe it as we say it. will come back as "america reports" the second hour. john, horrifying details of the attack. >> john: just a few apartment buildings as we are told to. i'm john roberts in 14 people detained overnight with armed home invasion at the troubled apartment complex we have been telling you so much about over the last few months. the place she said the crimes were so horrible that amounted to torture. all at the same apartment complex where gang members seen terrorizin

what's our trend assumption, the product? unfortunately, for us, the incumbent president has ignored all main document. the constitution of georgia and continues to violate it today. now, society is divided radicalization and polarization of being stood up and down, which is uh, helping to further intensify this process. so i will do everything to unite georgian society around the idea of national interests, identity and independence of the country. if you want a life where we are guided by someone go to europe, tells us is supposedly fair and true. i don't want such a europe and such citizens who blindly trust everything. this is not europe. if a member of parliament elected by the majority initiates a bill, this is legal and whoever opposes based slammed isn't stigmatizes me. when the european union and invested has come out, this is interference in my rights and in the internal affairs of my country. gover . last release party was the initial instigator of the for an agent smooth soft the scenes between 2 b. c in brussels.

i have two thoughts on that then it goes back to the assumptions about. one is it was the betty book chapter is more universal than i ever could have expected. i just an email from a periodical in serbia it's like a streetwise is how i read it that wants to translate it and reprint betty ford chapter. so i think that's really interesting and i'm not sure what it tells us you only had a few hours to think about, but the other thing is in terms of unchallenged notions, success and driving ourselves towards that, i talked to a coal miner named nick, who's since passed away but he's from west virginia, spent most of his life in a coal mine. his father was in a coal mine as well. and then he started being a union activist later when he couldn't go in there himself. but one of the things he's he talks about in very bold way, not in kind of melodramatic way, is our of success is simply to put food on our table, to have a roof over head and a good life for our kids. it wouldn't occur to me to become rich. it wouldn't to me to drive like that. and he lived, you kn

it on the basis of those assumptions. i had been in israel the summer before. i had seen most of the senior security and intelligence people and they were all describing hamas as deterred. they were all describing sinwar as having a prisoner's mentality. prisoners have a way of trying to increase pressure, as a way of getting some of the response. he wants to expand the area where gaza fishermen go, more work permits? when he raises tensions along the border. this was a collective view and when you have that kind of a group think, you really create the potential for this kind of a strategic surprise. on the morning of october 7th, how was the government going to respond? when shots took place, i can tell you the first thing we try to do, get a picture. what exactly is happening? that's the very first thing you're going to do. you bring the intelligence people in to say, here's what we see, here's what's going on. the next thing you're going to do is contact the israelis and find out, all right, where are you in terms of r

you make certain assumptions about people voting, you can't get to necessarily every member and make sure they've read every page and they're ok with everything. so i think that speaker johnson did what any speaker would do in that setting, try to say as directionally correct, i think i can win the votes and with the president's help i could do it. and in this case we saw some expression of concern with the package and so i don't believe that speaker johnson had the cover to secure the votes. that's why we are where we are. it's not like it's lost on me or any of you all that we had other people criticize the deal that had been posted. that's how i think it happened. so i do believe that speaker johnson thought he was going to be able to secure support and that didn't occur for any number of reasons. reporter: looking ahead to the coming months, one of the reasons this unraveled was because of a last-minute demand from the president-elect. there's a lot you're all trying to accomplish in the next year, whether disaster relief or something else. what'sy you are advice to him and his t

the focus is on the sep, visions from assumptions in september. now the street looking for higher gdp and lower unemployment assumptions. then of course all eyes will be on jay powell, the question-and-answer period should be lit. 93% of pro-fund managers see soft or no landing right now but let's face it the job is not finished in fact inflation growth is beginning to increase yet again. meanwhile, contributions from personal consumption to the gdp are higher than when the fed began to hike rates. powell wants to protect jobs, but he also knows that jobs right now are finding really finding a new job is collapsing so looks like smooth riding has hit a speed bump. let's find out what jay powell is doing and go down to washington and edward lawrence. reporter: charles it is actually a 2% or rate cutoff 25 basis points, and the dot plot though shows next year, the rate cuts have been reduced to only 2 rate cuts for 2025 down from four and then the one today on this , it was coming in for this rate cucd fed, her third meeting as a voting member desce

and the assumption has been that the comets came in bombarded earth and and gave us water. but now asteroids have water. did they influence? did interact with earth. so this, she thought was the major within the solar system. i'm sure you have some thoughts on that. a, i mean, i'm just, first of all, staggered by the scale between the last image and this image. yeah. so we were looking at the essentially the observable universe, albeit in a small patch of sky. and now we are looking at the biggest celestial object in our neighborhood, which is jupiter and the just the signs it can give our reinforces the the images clarity with which we are able to learn. as you mentioned the science that we have learned about our own solar system which as a extragalactic astronomer tend to sort of, you know, assume. that we know everything about the solar system. we are only going to study about the the galaxies far of. but as you mentioned, this is it is a it just says how much we still need to learn about our own origins of the sun, our system and whereabouts going as far as formation. l

my assumption was there was a agreement between both parties that you could go above 20% of gdp on the spending side, in a recession. but when the recession was over, you were supposed to go back to 20. biden broke that agreement and kept it at 24 and the cbo projects it's on track for 24 for the next 10 years. charles: so but here is the thing. janet yellen yesterday was sort of, you know, apologized and i've been seeing numbers now saying like going with the short duration and really trying to manipulate numbers ahead of the election cost us hundreds of billions of dollars. i mean there are ways of even bringing those interest payments down or interest impeachments down, right? >> for sure and i get in this discussion all of the time with people who say oh, the deficit hasn't mattered. its mattered. we had a very disorderly increase in rates in early 2021 which yellen stopped by running down her checking account, not issuing and the fed of course was still buying securities, and in 2023, she issued a ton of bills and the fed pivoted again, that's when tens went to 5% so we've had the

is that a fair assumption. let me go to the controller office. is that a fair assumption that we should be able to expect by march to hear progress? >> so, the audit doesn't require a deadline for all of the recommendations to be impt lmented. understanding that some will take longer then others. the board can set a date and call a hearing as you wish. the controller office will provide that update in terms of when responses are received from the department, there is a status on all the recommendations so the committee, department and provider knows what the status is of the controller office sees at that time. >> thank you. overall i wanted to say, ultimately this is public dollars going to organizations and that is expected to deliver services and they cannot deliver the services, we are putting the money at risk in the organization that may or may not continue. we had this before other organizations. again, this is a reason we will continue to really ring this back in and making sure we deliver the services for the people that needs it. that's

what assumptions -- what assumptions are you making? three seems to align with your view. a gap. >> market christ to rate cuts, still at three, obviously very difficult, this is the crucial point, if they come early inflation will rise and could mean they can only cut once or twice. if you assume trump will make deals and use threats to bully other partners you could argue they will come later on and that leaves scope for the fed to cut. it will be the tariff strategy and three rate cuts but not likely in january. tom: your thesis is being reinforced. how vulnerable the euro? guess when you look through the german lands we have weak growth , trump will mean less growth because tariffs will hit hard, cars in manufacturing will be hit and that is assuming the eu does not hit back. one thing we are hit by tariffs, quite vulnerable. worst case would be retaliating with massive tariffs of their own and then we will be hit by double whammy. it definitely is good news. it might change but it's bad for the euro. i am not vetting on the next couple of weeks. you never know. sometim

bill: i think they are going to make assumptions.ssume the 2017 tax cuts get extended. i think what was said at the last press conference, don't guess, speculate, or assume, is counter addictive to what they did in 2016 when they did include the fiscal policies that they thought were going to be enacted by the first trump and ministrations.that was in the forecast. i think that they have to assume that when it is big, when it is likely, when it is clear what it is going to be, and when it is priced into financial markets. and i think that's true for the extension of the tax cuts. it is not true for tariffs or immigration policy, very uncertain about what those policies will be at this point. dani: do you think that is why it is important to look at tax cuts rather than policies that could have contradictory effects on growth? bill: the problem with terraces you don't know how big they are or how long they will last -- tariffs is you don't how big they are or how long they will last. deportations, you don't know the magnitude or speed

i mean, the 50 over 50 was just kind of, as i understand, based on a forward looking assumption thatas then not actually tracked to ensure it would happen. is that basically right? right. the evidence did not reveal any tracking done by the respondents to support the assumption for 50 over 50. that's correct. right. okay. i have a question following up on that. but i first wanted to commend you and the team for a really excellent investigation. it looks like a complex analysis and a difficult thing to try to trace. trace and confirm. but on on those lines on page 15, there is a reference that the respondents compliance counsel issued a memorandum in july 2024 claiming that staff time was tracked and accounted for regarding how much was spent on the campaign versus the candidate committee. was that a representation that was made to the ethics commission during the investigation? it was not made to the ethics commission. the ethics commission discovered that memo during the course of our investigation. okay. were there any similar misrepresentations made by the respondents in response

there is an assumption that the administration won't go to the extremes i think the equity mark gt isocusing on the positive with deregulation and tax policy. there is a timing mismatch that i think we need to be mindful of. >> sure. i mean, if we try to surmise, you know, trump part one versus trump part two, the thing that stays the same perhaps more than anything else, because there are unknowns, is the now president-elect's love of watching the major averages go up, right? he is not going to want to kill the golden goose. >> we can assume that. and that is part of the playbook for 2018 you throw scott bessent no the mix, howard lutnick in the mix, there is market sensitivity. that's important because that's where the major volatility story has been on the bond market side of things, not the equity market side of things that's the assumption and it's a negotiating tool they won't take it to the degree laid out in the campaign season, but i don't know you don't know we don't know. >> fair. >> so, yeah. so i think the market could be that dampening influence on some of those potentia

is making no assumptions about who exactly is in power right now. the u.s. designated it's a terrorist organization alongside the united nations since 2018, which complicates its ability to reach out to the group and to potentially endorse its its rule there, especially because the u.s. has real concerns about whether a leadership vacuum would create conditions for isis. al qaeda or some of those other ideologies to research there. biden endorsed a un led transition process and a senior administration official says that the u.s. has been in touch with many opposition groups across syria and various regions as they have been for the last decade to understand exactly where they are and what they are thinking right now. and the president, in no uncertain terms encouraging some of those opposition groups to speak out. certainly it is a situation that is evolving quickly. the senior administration official says that there are also priorities to make sure that those chemical and biological weapons that are inside syria never get used, and that there are various st

dudley clapp: in order to buy the state's case, you have to make assumption upon assumption, upon assumptionstem is about. how did i do it? how on earth did not one single drop of blood get on my clothing, anything like that? or in your car, which was ripped apart. right. and that's my reaction i agreed to let them look. get what you want because i knew i was innocent. dennis murphy (voiceover): the defense also tore into the credibility of the state's star witness, george solomon, saying it was ridiculous to think tim would get an invitation to spend the night with him after blurting out a murder confession. hey, i killed somebody just now or whatever. oh, really? oh, ok, well, come on, let's go see my wife and kids. no way. dennis murphy (voiceover): a confident tim permenter decided to speak directly to the jury. he took the stand in his own defense. the attitude was, look, you've got to get up here and talk to these people. dennis murphy: how do you remember him on the stand? i think he was calm. i think he answered the questions as best he could, very simply, i think very completely. we

set up a time, they would have to make some assumptions about the future.lear. are they going to be swayed again by one data point, by cpi, by payrolls on january 10? this federal reserve, this committee has been all over. this market, but this committee as well. for unemployment through the summer and i don't know how you described this moment but is not the recalibration phase anymore. lisa: this is a foggy, dark room with lots of furniture. this is a fed that capitulates with many more rate cuts next year if there is incoming data that shows a labor market weakening at a much faster pace. jonathan: higher by close to 0.9%, quite a bounce on the s&p. in the bond market, it yields bleeding a little bit higher on the u.s. 10 year. i believe for the first time since may. haven't seen these levels in quite a while. coming up this hour, wells fargo as the s&p 500 looks about spac. antony blinken, and the fed looks to a more gradual pace of easing in the new year. we begin with stocks steady, the fed denting the markets bull run. the january rate cut should not

jonathan: the problem is you have to make more than what assumption does more than one assumption, on what it will do. there is a real debate on wall street about that. we caught up with steve earlier this morning and he made the point that people are overestimating the inflationary outcome on the back of some of these policies and underestimating what could happen to growth. lisa: a lot of that comes down to people do not agree where we are now and how inflationary the moment we are now in is. some people say last week is because eggs got expensive or look at the housing market, prices are coming down, and other people are saying there is still tightness in the labor market. you can see that from just the headline number on the jobs figures, and you have to look at that as well as some of the investment and go to that instead. jonathan: chairman powell the main event later this week. equity futures on the s&p up about 0.2%. coming up this summer, we will catch up with several hunt as markets brace for the final decision of 2024. we will speak with tom with tesla near all-time highs,

today's adversaries are actually working in concert to test that very assumption. and to undermine and destroy american-led order. confronting this particular challenge is where i now am going to place my focus. shoring up american primacy, combating the dangerous tendency toward isolationism, and urgently restoring america's hard power. this is how i will spend a great deal of my time that i have left in public service. [applause] but if i might paraphrase admiral harold stark, i'm sure you all remember him, the chief of naval operations on the eve, the eve of pearl harbor, said dollars cannot buy yesterday. today's investments may well shore up america's defenses and reassure our worried allies, but dollars cannot buy back the belief here at home that the institution of american leadership is actually worth defending. not if this belief is allowed to wane much further. so the defense of the institution of american leadership must be a shared cause. one that starts with foundationallieds. it will require that institutions -- foundational ideas. it will require tha

the assumption was he was in the park. they did a grid search. they brought in a mobile field force. they, you know, blocked it out and searched the trees. the bushes and all that. and they didn't find it now, you know central park, it's a complicated terrain. >> plenty of places to hide, a lot of stuff. >> yeah, and you could miss it in the first one. so they may go back on that. but then there's a message piece, which is if somebody found a light gray backpack in central park, you know on wednesday in in the early morning hours and said, well, here's a great backpack. i think i'll keep it. they're going to want to look at that because it's kind of a unique backpack. >> it's not just like a classic backpack. you would not just a regular, you know i don't know, jansport black backpack. it was a distinctive look to it. right. >> and they know the make and the brand and and i mean, we may be hearing more about that today and here's the the smoking gun question is is there a weapon in there. >> because that has not been found. right. >> that has not

then, there was an assumption where if you went out in public, you are on stage. all you are is revealed in how you present yourself to the world. just to give you another example , middle-class women and upper- class women -- it'll class women are encouraged and change their clothing repeated times during the day. you get up in the morning and put on a morning corset and petticoat, then when you got to the market or to visit, you shift to a very elaborate outfit, corset, hoop skirt, bustle and accessories. then, you come home and while most middle- class families had one made who would live or work with them, there was still work to be done. you would put on not shorts, but a dress that was made for work that still fashionable, but sturdy clothing. then, you take that off, switch to rt down and hang out with your husband in the evening, then you put on a different gown at night. upper-class women who don't have to do the afternoon work, because they have a staff of people, they had more responsibilities in that in terms of what they had to wear, because they had

the assumption is that interest rates will remain where they are likely for longer than people wouldproblem for democrats in the campaign trail butjoe biden defending his economic record saying the economy is in a very strong position but the problem with a lot of people don�*t feel it is better. lot of people don't feel it is better. ., ., , better. that was the complicated - better. that was the l complicated message better. that was the - complicated message of the democrats had during the campaign season. if people are going to the grocery store or the petrol pump or paying their rent check and they are seeing prices high, then it doesn�*t matter how well the economy is doing. on the day to day basis of people�*s lived experience they are still paying more for things than they did before the pandemic started. while democrats have been trying to point out that in growth and labour market terms the economy is very strong and the envy of many around the problem is it is retail politics and the message just didn�*t resonate. good to see you, thank you for now. let�*s stay in the us —

but certainly undergirding it is an assumption that someone of the working class orders and a man must have committed this crime. a powerfully built man, the working class. all right. now the bordens family of story is an interesting one, because andrew borden borden arrived in boston, his family in the 1630s, right at the great wave of puritan migration. and they amongst the group who traveled with van hutchinson, remember that in the story when she gets expelled from massachusetts and takes her followers to rhode island, andrew borden's ancestor were amongst that group. they don't go on with her to new. instead, many of them eventually settle in fall river and the bordens of fall river are rich and powerful. they're one of the seven families as they control the. and when you look in the fall river city directory at the ads for all the mills, some are just headed by borden's. others of borden's are treasurers. but there's just borden's everywhere. streets named for borden's, named for borden's. it's a name, everybody. so fall river, if a borden is ax murdered, this is a big deal. but