dr bernstein today a. new york times suggested that there's you know trying to come up with some logic about why europe is all concerned about the debt crisis and let's throw the money basically at the top at the bondholders let's keep them safe safe and solvent what happened here with the banking that we were just talking about why everybody's talking about. tax cuts and not about jobs and these kinds of things that the and the most macro sense in the in the biggest picture possible he said maybe this is all about what randy a's you know the old kind of henry george notion even going back to that economic school or or arguably even ricardo if you go back to the value theory of labor and take it forward anyway that it's the that let's protect the bondholders basically let protect wealthy people right let's protect the well mr to sions right and and to hell with the middle class to hell with the working people. what do you think is that is could that be what's really driving economic policy right now in thi

roxy bernstein nbc bay area. >> thanks, roxy. >>> the nhl season is officially over, but for one localeam, the season is in full swing. brody brazil has the latest on a team that has a lot in common. take a look at this. >> reporter: hockey teams of all levels are bonded by desire, by courage, by toughness. the san francisco gold diggers share all of those same qualities except there is one u neerk thing that sets this team apart. >> it's a mixed hockey team. it had a history of being a gay team, they opened up and started accepting straight guys on to the team. >> we're just people, we're just guys. some of us are gay, some of us are straight. at the end of the day, we're just guys. >> reporter: 50% of the golddiggers are openly gay. the team does not necessarily promote its sexual preferences but -- >> we don't hide the fact that we're garks but we don't want to be loud and proud about it either. because that's not who we are. >> reporter: ultimately this team's existence is not about celebrating one life choice or another. more so, it's a promotion of bridging gaps between us all. >

i'm jared bernstein. >> tom: that's "nightly business report" for monday, june 13. i'm tom hudson. good night everyone, and good night to you too, susie. >> susie: good night tom. i'm susie gharib. good night everyone. we hope to see all of you again tomorrow night. this program was made possible by contributions to your pbs station from viewers like you. captioning sponsored by wpbt >> more information about investing is available in "nightly business report's" video. to order this dvd, call 1-800- play-pbs or visit online at shoppbs.org. >> be more. pbs.

howard bernstein is here.re we go again. >> i know some people who really like it when it is really hot and humid. >> you do? >> i'm not one of them. but there are people who -- >> there are people who are livin' for the next couple of days. i think you're in the minority. we cover the weather, whatever it is. it is blazingly hot and humid especially tomorrow and thursday. today, it is going to be on the hot side. only into the low 90s perhaps. this morning, it is really comfortable out there. outside on the weather terrace, a nice start to this tuesday. get outside and enjoy it. later this afternoon, it gets a little sticky. 63 to 73 at the moment at the bus stop. still some upper 50s in spots at the moment. we'll start warming up now that the sun has been up for almost an hour. day planner, low 70s by 9:00. we may have some high clouds streaming in from time to time. sunny and 80 at 11:00. winds generally southwest 5 to 10. around 90 by 3:00 p.m. 91 for the high. clouds are a little thicker. 5:00 p.m. temper

howard bernstein has your weather first. >> that fog may not lift for an hour or two for some folks, especially in the mountains. >> no kidding. >> not just the eyebrow type. >> get that man more caffeine. your weather for today, we're turning up a little bit. we have managed to get to 88 degrees. that will be the cool day of the week the way things are going. today on our day planner, we're talking about unhealthy air quality for the young, the old, anybody with respiratory ailments. high today around 91 degrees with a noontime temperature of 83. just a tad more humidity than what we had yesterday. yesterday was relatively dry. this morning, some high clouds streaming in from the northwest. that's it. some big storms up, well up in ontario and michigan but they really shouldn't be much of a factor for us. 59 in cumberland. pittsburgh is 67. we're holding generally in the 60s. down to 60 in fort belvoir. hay market, 61. we've got 6in crofton. going to be hot today. hot tomorrow and thursday. more on that is coming up. angie has your timesaver traffic. >> halfway through the 4:00 hour

. >>> whether time 6:15, howard bernstein is here.enjoy today. >> i may get yardwork done today after work. i don't want to wait until the middle of the week. >> it's going to get hot. >> once again mid to upper 90s will invade the region with humidity as well. wednesday and thursday humidity high. we start with mid-80s today, a couple degrees above average. average high is 82, 83. your momslikeme.com bus stop forecast this morning, my kids yesterday just -- how many more days of school do i have? we have 11, i forget how many it was. eight, eight that's right. >> not enough, not enough. 64 to 72 our sunrise occurred at 5:43. and we got just a touch of fog toward frederick and the mountains of west virginia. 70 at 9:00, upper 70s by noon with northeast winds at 7 miles per hour. low 80s by 5:00 with a high today around 85. so really a good start to the week and we're talking about warm conditions today in the weather headlines, stick dry also, however, we will have increasing heat and human, especially for wednesday and thursday and e

. >> bernstein?have damaged the gateway to the city with corruption, incompetence, lack of supervision and oversight, leadership, irresponsibility ai. most of the park is pitch dark. there is crime and vandalism, homelessness, recommended outreaches missing, with money -- with no money for this. no. 2, the benches are black, but should be green. number three, the ultimate insult, violating the jurisdiction of ordnance. the community calls it weird. this is not a part, this is a junkyard. enough of your devious antics, and the priority overseeing swans. the result is a disgusting display of dishonesty. you're conscious -- >> nancy? >> good afternoon. this is a hard act to follow. i will try to follow. i came here to discuss the change in the lease of the san francisco yacht club. i think you should consider the introduction of rent credit, as oppressive for dismantling the fund's resources. this will take public funding, to allow the private entity to spend money without public -- without public revie

howard bernstein, the heat is on. >> the heat is on this afternoon. it starts and really cranks up tomorrow and thursday. this morning, it is nice out there. i'll be on the weather terrace in a few minutes. 50s in the suburbs. that won't last very long. here's your day planner. get ready for some heat this afternoon. temperatures get toward the lower 90s. we'll see code orange air quality unhealthy for sensitive groups. lunchtime going to get warm. 83 in town. 89 for the drive home with sunrise at 5:43. big cluster of storms across ontario. this is diving off to the south. western pa, if this can hold together, may see some of that. for us, it is a nice morning. temperatures in the 50s in the suburbs. we've had a little fog out toward petersburg and culpepper. 66 down in southern maryland. on the bay, the naval academy, mid shipmen reporting 69 degrees. 68 going to 91. angie? >> thank you, howard. we want to keep you up to speed on the latest out in the laurel area. yellow light stays on. the car fire that has a ramp to go southbound on 95 shut down c

carl bernstein is that "vanity fair." there was a time when journalism was very adversarial to the white house. i would have to say that not too long after watergate, by the time i was in the white house, i was surprised at how tame it was. you are on the white house press corps and you are covering the president. if the president and his step don't give you access, you are dead. you will not function well as a journalist and restores will not be printed and will pull you off the beach. host: carl bernstein and bob woodward were not technically white house reporters. guest: that's right and that may have been part of the reason why they got the green light and went further. if i am a reporter assigned to the white house, access is everything. "the washington post" had a reporter who was a great writer. he would read his opening paragraph and they were classic eloquent. he was soon pulled off the beach because he broke the story of where the next gorbachev-bush summit would take place. the president was so angry that the o

copeland, leonard bernstein. i studied in paris for five years. hooked it up. aid only 12 notes, if you learned what everybody did with them, you know, until they send 13, you'll be okay. and no genre ever bothered me, big band, bee bop, hip-hop, due won, not a problem. >> hard to go anywhere without finding your imprint, television, music. >> a long time, man. >> did you imagine this? >> no. >> did you imagine playing the trumpet would lead to this? >> absolutely not. art linkletter used to live next door to me before he died. he used to say all the time, quincy, if you want to make god laugh, tell him your plans. we have nothing to do with it. the identity. and i've always believed that music is terminals for a higher power. i can feel it going through you. i get curious about it, guys get all these egos, you know. but the ego is the higher power coming through you. and i believe that. you go to your creativity with humility and your successful grace. >> we'll be right back. >> would you consider doing a record with me and basie? i said, man, are you crazy? i

he and jake bernstein won a pulitzer prize for their coverage of questionable wall street practices. >> thanks for having me. >> so tell us, what is it that the sec is saying exactly that j.p. morgan chase did? what was illegal about it? >> well, these were collection of deals that were designed to fail. and in this specific field, what happened was a hedge fund bought a little piece of the deal to enable j.p. morgan to go out and sell a $1.1 billion mortgage-backed security deal called a cdo which stands for collateralized debt obligations. they went around the world and sold it but they didn't tell the customers they were selling these securities to that in fact this hedge fund had a much bigger bet against the cdo, and in fact, helped select assets, put stuff into the deal that would otherwise, that would go bad. that made the deal kind of rotten. and j.p. morgan didn't tell anybody this when they were selling it. >> and that's illegal, prommably. >> that's misleading. the sec determined that was a material aspect of the deal that needed to be disclosed. that this hedge fund had a

analysts from bernstein research say that pg&e could end up paying to $2.4 billion and they won't bethe cost on to customers. eight people were killed and 38 homes were destroyed in the deadly explosion. >>> the clock is ticking. today's the deadline for the state lawmakers to pass a budget and there is new incentive to get a spending plan passed. a new law says legislators are not going to get paid if they don't get a balanced budget passed by midnight tonight. should be a good motivator. democratic leaders plan votes today on a new proposal they introduced yesterday. the plan would increase vehicle registration fees by $12 and make more cuts in education funding. >>> there are some painful budget cuts in san jose. the city council has just approved the first police layoffs in the city's history. kiet do explains, those cuts really couldn't come at a worse time, could they? >> reporter: absolutely. yeah, the mayor said that this is a sad day for san jose. but it's something that had to be done to balance the budget. now, 100 officers already have their pink slips but this affects an

bernstein, weather first. the heat is on the way. >> we'll turn it up a little bit today.ttle more humidity. not too bad. tomorrow and thursday will be rough around here with mid to upper 90s. here is your day planner by the way. mike should be on, can you tell me -- can you hear me now? weatherwise, the heat is going to be cranking here the next couple of days. your day planner on this -- now the computer doesn't want to work. it is one of those mornings. come on, move! well, we'll just manually kick it in the back here. we've got temperatures going into the 90s today, the low 90s. low 90s by noon. southwest winds at 5 to 10 miles per hour here on this tuesday. tuesday. temperatures are running in the 50s in a couple of spots like manassas and culpepper. with the cooler temperatures, we're seeing just a touch of fog like yesterday morning out of the mountains of petersburg, west virginia. here are today's forecast highs. perhaps staying in the 80s along the bay. most of us will be into the low 90s and that's going to feel good compared to tomorrow and thursday. angie? >>

on behalf of the panel, which includes myself, kevin daniher, laurie bernstein with goodwill industries, teresa, and elliott hoffman with true market solutions , inc. thank you. [applause] >> and last, but not least, we have our representatives from the business advisory panel, christina page with yahoo and melissa. [applause] >> good afternoon, mayor lee. we were asked to just comment very briefly before sending our letter on the experience that companies had in the advisory panel. on behalf of yahoo, in addition to finding this dialogue both inspiring and thought provoking, it doesn't sound very reassuring because we discovered that the stea's climate action plan shares a lot of the beliefs that we have in constructing our corporate environmental strategy about how you attack this proper of climate change. the first is, how urgent is this problem? the action on climate change is not a good business strategy. inaction on this issue is going to be very costly to businesses and society. by taking a stand, by saying we're going to get to 25% reduction by 2017 on community greenhouse gas e

>>> 4:43, howard bernstein is here to get our week off to a good start, good morning. >> i had the pleasuref seeing both folks over the weekend. the race for the cure was great. weather was fine. saturday evening, i think she looks fantastic. you should have seen her in the green dress. >> i saw the pictures, stunning. looked gorgeous as well. i had her picture on my facebook. britney morehouse and surae were there. we want to see good pictures, join me at facebook. my facebook page. i should put them on wusa9. >>> weather wise, momslikeme.com bus stop forecast after the busy weekend, and get it going, not bad at all this morning. it is mainly clear, comfortable. temperatures in the mid-60s, low 70s at the bus stop with a 5:43 sunrise. we have a week and a half left of school in most spots. day planner on this monday morning, 8:00, upper 60s by noon upper 70s, a great day to be outside and enjoy your lunch outside today. we won't be as fortunate i don't think. tomorrow gets toasty by midday, especially wednesday and thursday. you will not want to be outside. 83 by 4:00 with a north wind at

howard bernstein has your weather first. >> we're almost there. >> heat is building big time today. > yesterday, we got to 90. the heat wave will become official tomorrow. today we're going to be well in the 90s. we'll flirt with 100 degrees today and tomorrow in spots. the humidity also. so, serious heat. kind of like we had at the beginning of last week. we start in the 60s and 70s near 80 by 9:00. mid-90s at 5:00 5:00. a few thunderstorms have been moving like yesterday, we saw the thunderstorms. this is weaker than yesterday. still a severe thunderstorm watch box across northwestern pennsylvania and generally clear skies for us. your temperatures, we're at 73 here. 74 at the bay in annapolis. pax river, 68 in cambridge. some low 60s here. there is a touch of two or fog with no biggy. the heat advisory starting at noon. heat index values 100 to 105. if you have to be outside, you need to actively cool yourself with cold water maybe on your head and inside the body as well. we have code orange air quality unhealthy for sensitive groups, the very young, the very old. going to be a ro

and jared bernstein. he was economic policy advisor to vice president joe biden until this past april. from boston ken rogoff of lar vard university, previous chief economist at the imf. i am pleased to have all of them here. i will start with paul krugman. what's happening to the ecomic recovery? >> there really has never been much of an economic recovery. when all is said and done i like to look just-- what are the fraction of adults who are employed that fell off a cliff between 2007 and 2009. and it has really not recovered at all it is bouncing along. so basically we' in a holding pattern. in an economies that's growing but job growth is no faster than population growth. >> rose: does job growth have anything to do with increased prottivity. people are still doing more with less in terms of workers. >> that always happens. what ihappening now, it i not that there isn't work for these workers to do. it isn't that there isn't spending power. people aret spending enough to employ the people that we have

howard bernstein, the heat switch is officially on. >> blast furnace days today and tomorrow. temperatures going to make it into the upper 90s. your car thermometer could read up to 105 coming off the pavement wouldn't surprise me. once again, we're dealing with it. all of the heat and humidity. that's moving in for a couple of days. but by friday, we'll be back closer to the 90 degree mark like we were yesterday. here's a look at today's day planner. get ready for some heat. if you like to be outside, do it early. a little muggy as well. temperatures now are still in the 70s. near 90 around noon. mid-90s at 5:00 with a high today, i'm forecasting 98 for reagan national. look at the records coming up. that would be setting a new record for the day. we've got one little severe thunderstorm watch box. the storms are moving that way. they'll stay north and east of us. yesterday we had clouds which came over from other thunderstorms. today, we'll have less of that. consequently, we'll be hotter. culpepper, 64. visibility is one half-mile. cumberland at 61. low 70s in easton. mid-7

analysts from bernstein research says pg&e could end up paying up to $2.4 billion which they can't pass on to customers. >>> lawrence was the man of the year yesterday, and by golly doing it again today. >>> mostly clear skies. if we see any fog right now it's right down in toward the half moon bay area but not much, very patchy . we are going to clear out the skies nicely again. temperatures are mild right now already into the 60s in some spots into concord and livermore, 60 now in san jose. and clear skies and 59 degrees into oakland. this afternoon, cranking up those temperatures again, 90s into fairfield, concord and livermore 82 fremont, about 83 degrees in san jose. closer to the coast, 60s at pacifica and 71 in san francisco. so enjoy it while we have it. things changing quite drastically as we head in toward thursday. we'll pick up more of a sea breeze dropping temperatures 10- plus degrees in some spots. cooling on friday. sunday high pressure builds back in and more toasty temperatures as we get into the beginning of next week, elizabeth that's very good. we love it when we se

bernstein and company the u.s. department of justice which is reviewing a senate subcommittee report that alleged goldman sachs misled clients before the financial crisis will avoid jeopardizing the fifth largest u.s. bank by assets because it's viewed as too big to fail well there's a suicide banker that's got their hand on the pen of the grenade that will blow themselves up as lloyd blankfein he says you tell me step closer and investigate more financial terrorism go put it's going to blow and that's their defense they're saying you can't investigate us because we're psychos were financial terrorists are like the boy in the dike and i'm not talking about these village either i'm talking about the story that came out of you know the other ones so here is the wall street guy again these are the people who are baffled by the collapsing economy so here says his quote his letter goes on to say if an alleged violation is identified during a goldman investigation we expect a reasoned response from the justice department