obama we have no obama today stacey i guess you're talking about the state of the banana republic let's look at some artwork here from zero heads this is william bonzai seven and he's talking about the state of the union it's a state of the banana of course some more artwork speaking in front of a cash congress and world's highest standard of living billboard as we know everybody keeps on talking about america as if it's the great hope you know that everything is going to recover there and we're all going to be saved and of course it doesn't recover. max well we're going to move from bananas over on to apple live apple numbers are add and it's a blowout apple reported their first quarter earnings the very same day that obama was lying to the american public about the state of the economy and their revenue was forty six point three three billion versus thirty eight point seven six billion expected earnings per share was thirteen eighty seven versus ten dollars and seven cents expected i phone units sold thirty seven point zero four million versus the expected thirty point two million wel

times or this is the kaiser report we're back talking about the net as am banana republics stacy well max speaking of bananas in my first headline here in the second half we have can a monkey pick a hedge fund they may match a typical fund of hedge funds in a research paper from some academics at their brussels free university in belgium and the geneva school of business administration in switzerland called assessing the performance of funds of hedge funds they studied abroad sample of one thousand three hundred funds of funds from one thousand nine hundred four through two thousand and nine and analyzed just how much value they actually created their core finding when you strip out the fees just twenty two percent deliver any alpha or risk adjusted and vestment gains at all you know and none with any consistency over time almost all completely worthless and a fund of funds is particularly worthless because it's a consummation it's a and an aberration it's an abomination they're using people's money to invest in other people's money invested in tertiary money invested by some guy in g

and a good rate on a mic night in holland exactly if they're in a banana republic i mean many monkeys live behind a cage as well and are fed bananas the accelerating rate of incarceration over the past few decades is just a startling as the sheer number it tripled since one thousand nine hundred eighty to seven hundred thirty one per one hundred thousand no other country even approaches that in the past two decades the money that states spend on prisons has risen at six times the rate of spending on higher education ours is bottom to top a car several state and who want the republicans as their presidential nominee none other than chief warden himself mitt romney of a private equity background bain capital whose job it is is to destroy the manufacturing economy in the real economy in favor of a financial eyes economy that crowds out all real jobs in favor of speculative bubbles and speculator gamble our kings that run the economy and as a result the incarceration population keeps going higher and higher and americans love to be incarcerated they hate their freedom they would prefer to

and they said, "banana republic? what is a banana republic?" then i had to go into this, you know, the long lecture of what a banana republic is, because in persian it sounded very funny. >> hinojosa: you would allow yourself to push back against your interrogators sometimes. not often. what gave you that kind of like... that strength at that moment, to say, "i am going to push back; i am going to point out the silliness in their own thought"? >> the was so much one can take, you know. i'm a very rational person. and for days and days and days you hear... you sit there and hear a lot of nonsense. at some stage you can't take it anymore, and therefore that's when i would push back, really, and i would say, "okay, i think you are wrong. i think you don't understand how these things function in the real world." >> hinojosa: would you say it kind of like that, in that kind of a tone? >> sure, sure. >> hinojosa: of a stern mother almost? >> sure, and i would always tell them, "look, i can easily be your grandmother. i don't know how old your mothers

. >> banana republic wants to help put their best foot forward. hi linda. >> good morning. right. banana republic is launching a program tomorrow offering military personnel and their families have off of three full- sized items. this is so they can dress to impress for a job interview. the location at tysons corner in pentagon city are holding events this friday. the stores will give you tips on anything from dressing, to brush up your rÉsumÉ 8. jet fuel costs of the defense department more than $12 billion annual. so far the navy has signed the biggest biofuel contract in government history, which is not only cost-effective but good for the environment as well. more states are betting on online gambling to fill budget gaps. d.c. has taken steps to authorize online poker. "the new york times" says legalizing on-line games may bring in far less money than was previously estimated. that is business news. i'm linda bell reporting for abc 7 news. >> thank you. forget about solitaire. we need to get poker now. >> it looks like we need more destruction. >> 42 degrees in annandal

i will have more on that and banana republic, a big military discount this weekend. all coming up in the next report. i'm linda bell. >> thank you. we will see you in a bit. 44 degrees outside. >> still ahead, the latest on that cruise ship disaster. learn why the search for more survivors is on hold per >> plus, the seattle area gets a little bit of snow but is that changing. thehyy are preparing for an enormous a snowstorm. ♪ ♪ [ male announcer ] when you're a true fan... [ exhahas ] ...there are no sick days. [ crowd cheering, screaming ] vicks dayquil. defeats 5 cold & flu symptoms. [ snoring ] [ male announcer ] vicks nyquil cold andnflu. the nighttime sniffling, sneezing, coughing, aching fever, best sleep you ever got with a cold...medicine. ♪ ♪ >> 4:40 is your time. two people have been injured after storms spawned tornadoes in anddiana. >> the weather is being blamed for tossing a couple of tractor- trailers' off the freeway. >> in seattle, which is a city that is more accustomed to rain and snow, they are bracing for a major winter storm. the snow started f

democrats can win elections by demagogue in the mob they're perfectly happy to turn america into a banana republic. putting us in a high speed boat into bankruptcy. the democratic party refuses to deal. american people as to guess been because they of having spent will be a better vibe for job creation, to try to muddle current issues, and other programs, tax increases, that's what the next budget process will have play of opting to talk about that. march 3, 2011, speaker of the house of representative. it is safe to say that both parties have a pretty unreliable record on pursuing entitlement? >> yes, there is. if are picking at my most choice quotes from the book, the want of social security reform would not be it. yet and still, no, i mean i've said this republican audiences. they may complain about their politicians, and other chickens because sometimes they're not being chickens. they are respond to the people. that is the great thing about the tea party movement that you do have americans who haven't read and think about politics. they're busy, they have jobs. and now they're starting to not

as long as democrats can win elections they're perfectly happy to turn america into a banana republic with a country drowning in debt and medicare and social security putting us on a high-speed train to bankruptcy the entire democratic party refuses to deal with entitlements. the second quote american people want us to cut spending because they know cutting spending will create a better environment for job creation to try to model the current issue with the program, tax increases that is what the next budget priced to the co is for we will have plenty of opportunities to talk about that march 3rd, 2011. the speaker of the house of representatives. it is safe to say that both parties have a pretty unreliable record on pursuing entitlement? [laughter] >> yes, there is and we are picking out on most choice quotes from the book. the one on social security reform would not be yet and still to be i've said this to the republican audiences. they complain about their politicians and their chickens. sometimes they are not being chickens they are responding to the people and that is the thing a

just left banana republic, everything is 40% off.or not saying you're a spokes perpendicular for banana republic. i was trying to help you out with christmas shopping. >> we're cynical. >> it's wrong to be paid spokes men and not use it. do we have a foolproof way, carmen, to make sure the person really is john q. public saying i did like erica's necklace and dress today. >> i love it. >> i'm not a paid spokesman for erica and her necklace. >> that's the thing. we can't operate it. it's the responsibility of the person and the kch. for example if you did that and didn't disclose that banana republic was paying you. >> i love to post reviews, but people think we're being paid. go to real editorial sores. go to cbs marketplace. cnet, electronic reviews, consumer reports is a nonprofit. they cannot accept money in exchange nor reviews. so you want to go to legitimate editorial sources. you know what, too, check out your friends and family. get off line. especially if you're buying a big product and say what do you think of this, do you

how is filling a position that congress created an arrogant, lawless and banana republic abuse of power. that's use of power. what did the president do that was so wrong? >> the president acted under his authority to make recess appointments when congress is not in session. >> my god. (laughter) that's how hitler took poland. look, george w bus, did plenty of recess appoint otments. how bollton became u.n. am was do chuck norris became 6thsdmç what is the difference between that and what obama just did. >> the republicans say the senate is actually in session, and the president had no right to make the so-called recess appointment. >> jon: wait, the senate is in session? i watched c-span for living and i haven't seen them in session. what's that? i missed it. what dow mean i missed it, a congressional session, it's not like a shooting star, you know what i mean? you can't go to the bathroom and miss-- turn on c-span. show me their session and while we're doing that i'm going to just try and open this childproof bottle of aspirin. let me see if i can -- >> the senate will come to order.

states is regarded by the financial capitals of the world, especially amsterdam's bank, as a banana republic. >> we can't pay our debts. so hamilton single-handedly creates a new stability. and i mean from a purely economic point of view, there is -- there could be no argument that hamilton's reforms were absolutely correct and brilliant. they were perceived by jefferson and madison as a fundamental threat to the interest of the south. they were perceived as all of a sudden -- there's a virginia large view of the nation that's supposed to happen. that's a phrase from henry adams, by the way. and they think they're the, you know, as adam says in virginia, all geese are swans. and they think they're going to dominate. and all of a sudden, right away, this new england, new york merchant class is emerging to displace them. and what's going on? what is a conspiracy theory anyway? a conspiracy theory is a simplistic, semispiritualistic explanation for events that you otherwise don't understand. what's happening to virginians? they're all going to bankruptcy. both madison and jefferson went bankrup

states is regarded by the financial capitals of the world, especially amsterdam's bank, as a banana republic. we can't pay our debts. we are -- you know, we're totally -- >> we're a failing interest. >> yeah. we're like -- >> forget the principle. >> yeah. yeah. hamilton is single hand deadly creating a new credit system and a new stability. from a purely economic point of view there can be no argument that hamilton's reforms were absolutely correct and brilliant. they were perceived by jefferson and madison as a fundamental threat to the interest of the agrarian south. they were perceived as all of a sudden we've -- there's a virginia writ large view of the nation that's supposed to happen. that's a phrase from henry adams, by the way. and they think, as adams says, in virginia all geese are swans. and like they think they're going to dominate. all of a sudden right away this new england, new york merchant class is emerging to displace them. what's going on? what is a conspiracy theory anyway? a conspiracy theory is a simplicity, semi-spiritual lis stick explanation for events that you othe

obama we have no obama today stacey i guess you're talking about the state of the banana republic let's look at some artwork here from zero heads this is william bonzai seven and he's talking about the state of the union it's a state of the banana of course some more artwork speaking in front of a cash congress and world's highest standard of living billboard as we know every.

obama we have no obama today stacey i guess you're talking about the state of the banana republic let's look at some artwork here from zero heads this is william bonzai seven and he's talking about the state of the union it's a state of the banana of course.

. >> banana republic wants to help returning troops put their best foot forward. jane king has the bloomberg business report. good morning. >> take a look google and it looks different. is what it looks like -- this is what it looks like. this is a protest for an anti- piracy bill. wikipedia is joining the effort. they have shut down the english version of their website. they say it harms the technical innovation. there will be a procedural vote on the bill. strong manufacturing in the new york region. a big american company announced it is shedding jobs. kraft food is going to split into two businesses. but never public launching a program offered military personnel have off three full price items so they can dress to impress for job fairs or interviews. military personnel and their families can get 50% off full price purchases with a valid id. an event this friday at pentagon city. i'm jane king for wbal-tv 11 news. back to you. >> there was controversy about chemicals in imported orange juice. >> they are continuing tests. they did find a trace in tropicana rec

compensation they said you know we're we're bigger than you tough luck well so it's part of that banana republic an ism however where a certain class of kleptocrats get all sort of rights exclusions exemptions from all laws and tax laws and criminal laws and the other class have been out as thrown at them behind a cage that's right those are americans so fur that you mentioned sopa thirty years before sopa m p a feared the v c r so somebody uncovered some testimony by jack valenti the former n.p.a. head the motion picture association of america and this is him speaking before the house judiciary subcommittee in one thousand nine hundred eighty two he said to the gathered congress people i say to you that the v.c. are is to the american film producer and the american public as the boston strangler is the woman home alone. right jack valenti arguing against technology course the v.c.r. gave birth to the blockbuster franchise of rentals of video a multi billion dollar revenue source for hollywood which that went into the d.v.d. market another multibillion source of revenue which could enter into th

we have no obama today stacey i guess you're talking about the state of the banana republic let's look at.

that jacket from zara is adorable and the top is banana republic.lka dot print is a little more modern because it's abstract. >> yeah. last but not least, joyce, and she's got a timeless look on. >> joyce is a superstar. i just love her. she's an advanced style woman. there's a blog out there. she's always showing off her personal style. when she came over, she gave me a few tips. these were a pair of polka dotted pants she paired with her own red shoes and black turtleneck. signature pearls. >> don't mess around. >> and we added this jacket that gave her a great line. she did her own hair and added the hat. >> that other big trend, the braid. >> and this goes to show you that style knows no age. you can wear a trend anytime, and joyce gave me one of the best -- she said people ask me all the time, don't you want to look younger? she said no, i want to look more beautiful and more myself. >> which makes you look younger. unless you're wearing too many polkadots. >> love you, bobbie. >> every tuesday. so excited. up next, the photographer and the mom

stark whites on this bag from old navy and the cuff from banana republic, they go with silver.gold because that reads summer. beige cream with gold, beautiful and stark white with rhinestones or silvers and keep it really, you know, stark and snow cream, ice princess. >> learn something new today. laur laurie, thank you so much. you changed my mind on winter whites. >> congrats. >> up next, a look at one of america's favorite funny women, melissa mccarthy. first, these messages. another way that reveals the lighter, mellower side of our roast. being blonde is nothing new but blonde roast is something new. something subtle. something soft. something with 40 years of roasting experience on its side. introducing delicious new starbucks blonde roast. the lighter roast perfected. ♪ [ male announcer ] take a dull morning... ♪ ...and make it wild. ♪ introducing wild fruit fusion pop tarts all the fruit flavors you love... . . . . . . . . . . . . . [ male nnouncer ] take the fixodent 12 hour hold challenge. apply fixodent once, and it holds all day. ♪ take the fixodent 12 hour hold cha

maybe we become a banana republic overnight. i think he can safely assume he won. >> how does that impact south carolina? >> i think it has a huge impact in south carolina just because you have to look at it in the context of the rest of the ve s events that you were talking about. this might be the week mitt romney lost the republican nomination. he won an election where half the vote were democrats and independents. now he's turning tail in south carolina. newt gingrich is surging there. they are beginning to colease. they understand mitt romney is more like obama. >> you say the conservatives are starting to coalesce. this comes for an interesting time of the guy you want to back. gingrich's ex-wife has given an explosive interview. let me play an excerpt and what newt said this morning in anticipation of this fire storm. what he said on the "today show". let's play them both. >> he said, yes, but you want me all to yourself. calista doesn't care what i do. >> what was he saying? >> he was asking to have an open marriage and

it's banana republic style. the president saying i won't let congress stop me, actually.stitution that you have to have the senate approval, the senate, he can only make recess appointment if the senate is in recess. is it not in recess. in fact, his own justice department argued last year before the supreme court that the senate has to be out of session for three days. it has not been. that appeal was based on a ruling of the clinton justice department three days. you can appoint anybody you want in a recess appointment. you can appoint anybody who is already rejected by the senate. you can appoint anybody you want as a way to make a purely sicynical point in election year in ohio, as obama is doing. but you can't do it as a recess appointment if the senate is not in recess. >> bret: senate majority leader harry reid, jonah not surprising, supporting the president today putting out a state in the support of this move. but back when then president bush was making such recess appointments, the democratic leader reid used these pro forma sessions to block other bush appoint

and already it has tenants that include banana republic, saks fifth avenue and nieman marcus to name a few. mark roberts is livermore city manager. he says the sales tax revenue will be a huge boost for the city in the current economic climate. >> so those dollars will mean that we'll be able to preserve services across the board in public safety, libraries, administration, all of those sorts of things it will help keep us providing those core services to the community. >> reporter: leaders hope the mall becomes a draw for residents from throughout the bay area and other local business owners hope those shoppers then stay to visit the local wineries or the historic downtown area. >> i do think it would bring business to the local area. >> reporter: robert armstrong owns the double barrel wine bar. >> livermore is becoming a destination. more business can only help. >> reporter: the city of livermore estimates that about 1600 permanent retail jobs will be created once this mall is completely open and opening is set in time for the holiday shopping season this year, just 1 1.5 months f

barack obama continues to treat us like we are a third world banana republic. we aren't. we're the united states. he continues to make decision after decision for unilateral -- >> you hear michele bachmann, making literally a last-minute appeal to the folks at that caucus to vote for her. newt gingrich, by the way, is getting ready to speak as well. much more of the iowa caucuses coming up. all energy development comes with some risk, but proven technologies allow natural gas producers to supply affordable, cleaner energy, while protecting our environment. across america, these technologies protect air - by monitoring air quality and reducing emissions... ...protect water - through conservation and self-contained recycling systems... ... and protect land - by reducing our footprint and respecting wildlife. america's natural gas... domestic, abundant, clean energy to power our lives... that's smarter power today. because for every two pounds you lose through diet and exercise, alli can help you lose one more by blocking some of the fat you eat. let's fight fat with alli. ♪

boy, that sounds a lot less like america and a lot more like some banana republic. >> nbc's mike viqueira is live at the white house. obviously, mike, the white house expected this kind of response from the republicans. what are they saying? >> i think they actually welcomed that kind of response from republicans. what they want republicans to and do i think part of the plan here is for people like the presidential candidates, rick santorum and mitt romney as well as the congressional leaders here in washington, john boehner and mitch mcconnell who called it an illegitimate power grab they want them to raise their hands and fuss about process because every minute your opposition, this is an axiom in washington, is fussing about process, you are wing the argument because people tune that out. the president is looking bold. i think the lead story in the "washington post" today said in a bold move. that is exactly what the white house want, this is an unprecedented move, no question about that the congress is not technically in recess. they come in every three days, they drop the gavel, they

i just tweeted, just left banana republic, everything is 40% off.gayle, for not saying you're a spokesperson. my thing was, i was just trying to help you out with christmas shopping. >> unfortunately, yeah. now we're cynical, aren't we? >> i do think it's wrong for people to be paid spokesman and not sy anything. i would have told you. do we have a foolproof way to make sure the person really is just john q. public saying, i really did like erica's necklace and dress today? and i'm not a paid spokesman for erica. is there a way to do that? >> not really. that's the thing. we can't really separate it. it's a responsibility of the person putting up the review and the company to disclose. it is against the law, if you did that and didn't disclose it. i'd love to post reviews that i'm happy about certain products. people they we're being paid to do so. here's what you need to do. go to real editorial sources. for example, cbs marketplace. look for reviews. cnet, electronic reviews. also, consumer reports is a non-profit. they cannot accept money in exch