on and how much he's betting.protect his operation from prying eyes, walters has become obsessed with security and secrecy. all of his partners use code names, like "j-bird" and "wolfman." >> walters: wolfman, we want to take new england plus three and a half and three. >> logan: can you tell me who wolfman is? >> walters: he's a retired disc jockey. >> logan: he is not. come on. >> walters: he has a nickname. he prefers to be called "wolfman." that's what i call him, wolfman. >> logan: billy walters has also built a brain trust of consultants, most of them mathematicians and experts on everything from weather conditions to player injuries. he told us they act like analysts for a hedge fund manager. so, information is key. i mean, it sounds like you track every single detail that could possibly affect the outcomes of these games and these teams. >> walters: yes. it gets presented to me, i evaluate it, and i determine what i'm going to do. >> logan: the information is so valuable that walters keeps it all to himsel

very specific right because we know this twelve point nine billion dollars was a side bet and we know they should they got paid on it and they said they didn't need it ok and they had rigged to explode so it's the perfect place to start now what i love the whole whole hundred eighty two billion dollars back absolutely what i love to do some protests are goldman yes but this is a good place to start because tim geithner and hank paulson and ben bernanke they were the ones who made the decision to give the money away in the first place you think they're going to listen. not not today but one day yes one day i believe i believe ok now i got to ask you this because you know the idea that signing that could bring down the economy seems always so simple but is it really that simple anything that's a really hot fire. in combination with the root cause absolutely the root cause was the the trigger as it were was the sub prime meltdown but the real problem was the amplifier which was all the side bets that were made on it if it's if you lose a dollar ok that's bad but if you made one hundred d

we bet on our cloud and our enterprise business is going fantastic. we made the bet on xbox and kinect, they have gone super, super well. we have made the bet on bing and we have come from nowhere, growing like a weed in that business. i feel pretty good about the bets. when does acquisition make sense? that's a complicated subject, probably best not addressed in this interview. >> let's talk about the general relationship going on in the world today, away from pcs and more toward wireless and portable devices. how are you going to get the microsoft brand to really resonate with the younger consumer out there, the way apple and google does? >> the most popular young consumer brand in the electronics business is ours. the xbox. you can say, okay, apple can go at it, let's make no mistake about it, for young people today, the exciting things they're doing, the things they're doing in the -- let me call it the entertainment side of their life, every kid grows up with microsoft office to do their homework, but the exciting part of their life is what they'

i would not bet against this team. i would not bet against larry ellison or the engineers he has put together who are the best and brightest all over the world, and i certainly would not bet against the sailing teams put together, so i really would not bet that we would not wind up having this for a number of years, each time having 1.5 billion or more jobs come to the city, but win or lose, there is another thing you need to consider -- the america's cup is the biggest sailing race in the world, but it is not the only sailing race. there are dozens of sailing races every year. if we build this venue -- it is a bit of a field of dreams moment -- if you build it, they will come to race here, and they will not come to race because it is such a natural our arena. nor because it is so beautiful, because it is in their own economic self-interest. they will come because sponsors will find them if it is held in san francisco because the media will show the races. we see that right now. we see that there -- i read an article h

betsy bets. you haven't changed a bit. oh...neither have you... sean.that's going to do it for "gma" on this saturday morning. the four of us will be right back here tomorrow morning. i hope. and david muir will be back at 6:30 tonight with your evening news. thanks for joining us. >> are you going to jump through hoops now? >> we're going to go jump through hoops. >> have a good day. >>> good morning. you let's get a quick look at the forecast with lisa argen. >> this the way it looks outside. plenty of cloud cover but to the north, fog and haze with cool temperatures in the 40s, santa rosa and elsewhere. san francisco, delays of 27 minutes at the airport. we'll be looking at high pressure giving way to low pressure that will continue to sag to the east and south. showers this evening to the north bay, maybe as far south as the airport but by 8:00 the front begins to push through and we have showers for the overnight hours into early tomorrow morning. heavier rain and looking at the possibility of thunderstorms right on through sunday morning. it is a

they bet on football. how much money is bet on the super bowl? >> stahl: people are losing money for the state to get its revenue. they're losing money. >> rendell: let me answer this. you... you've... i've always... i've known you for two or three decades, you're a very smart person. >> stahl: but not now. >> rendell: but you're not getting it. >> stahl: i'm dumb now. >> rendell: you're not getting it. those people would lose that money anyway. don't you understand? >> stahl: our pressing him on this point led to this. >> rendell: you guys don't get that! you're simpletons. you're idiots if you don't get that. >> stahl: we couldn't figure out why all the emotion. but his main point was that gambling is good entertainment, and people should be allowed to make their own decisions about it. but since the first casino opened in pennsylvania five years ago, calls to gambling addiction hotlines in the state have tripled. sandi hall says her problems didn't start till three casinos opened near her. >> hall: i cannot read my local newspaper without havi

betsy bets. you haven't changed a bit. oh...neither have you... sean. well, yeah. [ female announcer ] go to yoplait.com to start your two week tune up. >>> welcome to beyond the headlines, i'm cheryl jennings. every week we focus on a different topic that liver and work in the bay area. this week we're going to talk about housing. we'll talk to a representative of u.s. urban housing and development and talk to michael finney and dig deeper in why many neighborhoods seem to be losing their cultural identities. late last year california launched an investigation into foreclosures. the investigation by all 50 states could force mortgage companies to admit they improperly foreclose order hundreds of thousands of homeowners and could be steep financial penalties for financial institutions. nannette miranda had the story last fall. >> the nationwide probe of foreclosures could be good news to californians that have lost their homes are close to losing it. they think it's imminent after unsuccessfully applying for several loan modifications. he believes the i

i bet we will give about the same number of reductions this year as we did last year. it will not be that much different. >> [inaudible] >> anybody that was reviewed -- everybody in san francisco got a letter from us in july. they were told what their assessed value was. there were told that they got a reduction. if they got a reduction based on the letter, they don't need to reapply. what people do is we will review applicants. the deadline is march 31. all 17,000 who got reductions will be reviewed automatically. everyone will get notified again in july. we will not talk to anybody prior to that. everyone else will be getting the standard notification in july. >> [inaudible] you review these every year. >> every year. the reductions we review every year. as the market appreciates, we may take their assessments up based on what the market value is. they may go all the way back up to the factor value. it may go up partially higher. obviously, that is what he would see. you would see a step over the years to include the appreciation based on what the market is feeling.

the bank of china takes us out of the bet for the only thing is the bank of china makes a decision on how valuable do you want this. so as more americans flock to china town some may be looking to satisfy an appetite for such one pork or peking duck others possibly seeking economic security in a foreign currency point nine r.t. me on. representatives of the european union are boycotting on its own and the question because inauguration for his fourth term as a president of the roost according to a spokesman for twenty seven member states and decided to distance themselves from the ceremony it comes after the european parliament passed a resolution calling for sanctions against the ban of russian leadership its response to want to go to the december elections of this it leaders and activists were tracked into the spring but was rigged. sanctions and all these is the freeze on bank accounts belonging to senior government officials the eaves of foreign ministers are set to reach a final decision at a meeting later this month. has all the brutality measures to be repaid should the e.u. aga

dollars for the chinese who won a currency bet some experts believe is worth making a currency exchange of up to twenty thousand dollars per year and while plenty of u.s. banks try to entice new customers with special offers the bank of china might be offering something irresistible today growth experts say china's currency is likely to go up as the country remains a manufacturing powerhouse the chinese have been saving and investing over thirty five percent of their income and the united states we've been saving and investing two percent of our income we've been borrowing in consuming they've been saving and investing the world's largest export are currently coasting with the new enormous trade and budget surplus while the us is hardly treading way down by a crushing fourteen trillion dollars national debt so are americans ready to give benjamin franklin the push us dollar. for meet their evil were interested in investing in anything you think well how come not the u.s. dollar. bill goldman sachs already owns that and instead embrace now is a dong if you find surprising that americans

the bank of china takes us i bet it fair the only thing is the bank of china makes a decision on how valuable you want this. so as more americans flock to china town some may be looking to satisfy an appetite for session one pork or peking duck others possibly seeking economic security in a foreign currency marina port r.t. new york. european parliament has voted for even sanctions including travel restrictions to be imposed on the regime in bell routes and he's also on assets to be frozen in retaliation for the conduct of presidential elections one in a landslide by president alexander lukashenko that air national observers say were rigged the vote comes just before his inauguration and is also in response to a brutal crackdown on protesters that followed is when european parliament doesn't have the power to impose the science itself but awaits a meeting of the e.u. leaders at the end of the month among whom support is growing for action movie shango who is dubbed europe's alas the dictator has ordered retaliatory measures be prepared should be used against his regime while restrict

the bank of china takes us are the bet for the only thing is the bank of china makes a decision on how valuable do you want this. so as more americans flock to china town some may be looking to satisfy an appetite for such one pork or peking duck others possibly seeking economic security in a foreign currency marina port nine r.t. new york. some of the day's other international news for you now officials say at least thirty two people have been killed off a bus collided or list and protestant nine others were injured in the accident or so the bus carrying fifty passengers lost control crashed into a station fuel tanker authorities are working to recover the victims from the. pressure is mounting on to news is in to prime minister to step down immediately as anti-government protests range on the country's capital tunis and she has already failed to quit after fresh elections are held the transitional government's promise to hold a vote within six months still hasn't set a date simple tales follows a month long uprising in the town. to president ben i mean something people killed in the

the bank of china takes us out of the bet fair the only thing is the bank of china makes a decision on how valuable do you want this. so as more americans flock to china town some may be looking to satisfy an appetite for session one pork or peking duck others possibly seeking economic security in a foreign currency. r.t. me or. some other international using brief for you this hour former u.k. prime minister tony blair is to face a second round of questioning over his role and run up to the iraq war i think a lot is investigating right in any case of i think any of us in the invasion there will be asked to clarify his earlier own since i think the drugs and in which i still expect to demonstrate throughout interrogation. more than one hundred twenty people have been arrested in the largest single day mafia crackdown in u.s. history queues of numerous run into the illegal acts from extortion to drug trafficking f.b.i. agents use wiretaps and intelligence including assistance from more than a fantasy elements. rests which targeted new york's five main crime families took place in the

the bank of china takes us out of the bet fair the only thing is the bank of china makes a decision on how valuable do you want this. so as more americans flock to china town some may be looking to satisfy an appetite for such one pork or peking duck others possibly seeking economic security in a foreign currency marina port nine r.t. new york some other international news in brief for yourself or u.k. prime minister tony blair is to face a second round of questioning over his role in the run up to the iraq war why are is investigating why did you take support of the us in the invasion they will be asked to clarify his anyroad says and he was protesters are expected to demonstrate throughout the inquiry. more than one hundred twenty people have been detained in the village a single day and i feel down in u.s. history use of force of violent and evil acts from murder and extortion to drug trafficking f.b.i. agents use wire taps of intelligence including assistance from the thousand informants switch targeting new york's five main crime families took place in the city and in other are

of the bet fair the only thing is the bank of china makes a decision on how valuable you want this.so as more americans flock to china town some may be looking to satisfy an appetite for session one pork or peking duck others possibly seeking economic security in a foreign currency merino point nine r.t. . former british prime minister tony blair faced the country's iraq war inquiry for a second time on friday to explain his reasons for the military conflict said he stood shoulder to shoulder with the usa with decision to go to war but admitted he would granted the loss of life they stick it in journalist chris saying says documents about britain's involvement in the conflict only own says. i think to some extent the documents that are being published all the time now are giving us a picture we can always see documents more and more that say that in late two thousand and one after september the eleventh in early two thousand and two blair was looking for regime change was backing to looking to back the americans over regime change i think it's pretty conclusive that's why we went to

bets can be placed on things whether middle ton walks into westminister abby on time or if she will be late. they can put down money on the length of the wedding dress's train. >> time for perfect pet. >> and from the san francisco spca with little sofie. how are you. let's talk about sofie. >> six-year-old pure bred pug. the owner recently passed away. was treating for an eye condition she had which is very treatable so the interim caretakers weren't giving the meds she needed. so we had to remove her eye but loves to be held. good lap dog. she is pretty mellow. as long as they are not crazy and hyper. yeah, if you come to san francisco spca and come to the veterinary hospital, this is how we get to help animals to find her a good home. >> we appreciate that. >> little sofie, she deserves a great home. give the san francisco spca a call. >> first time on tv. >> all right. back to you. >> a little camera shy. >> wagging her tail. >> thanks for joining us. >> "who wants to be a >> "who wants to be a millionaire" is coming up next were prese >>

market or in the case of goldman sachs making direct bets against its own clients but talk about for a second now i remember to make this political financial propaganda comparison to build on the us a little bit member in one nine hundred eighty nine the solution for political propaganda was freedom the berlin wall came down and freedom rang and that was the solution for political propaganda the solution for financial propaganda the equivalent you could say is freedom in terms of a gold and silver standard back in currency that is the equivalent of freedom is it not what it absolutely and i would say i think serious economic thinkers have to first acknowledged that the dollar's days are numbered it's going to end up in the dustbin of history and we need to start thinking about what's going to be the monetary system that comes next my own preferences is to have a basket of commodities that would include untaxed land that's owned by the u.s. government because i think if you had just a gold standard or just a silver standard it would be too easy to maybe be a public manipulate in the f

. >> you are famous for betting against companies. when will you start betting against america? >> i am pretty bullish on america. of all the developed economies i would echo the view that we are in the best position relative to the euro zone and china. but there are a couple of land mines out there. number one is the risk that congress holds national debt ceiling to a political hostage. america will be coming up against statutory debt limits. these things are normally passed every once in awhile. we get a bit of a log jam and the parties begin to joust over raising that debt ceiling. there has been some talk of that happening. >> that is the kind of things investors could get nervous about. there were panics over state dead in some states. there is a situation where they might default. >> that is a situation that is akin to what you saw in the euro zone. they cannot exchange rates or they cannot print their own currency. that is much more akin to the situation with the eu and eu members relative to california versus the u.s.. there is one part of the equation that concerns me t

a better bet for those you heading into wednesday. models are suggesting a fairly wet pattern across the bay area. we'll keep an eye on that at least it in the long range hour. >> sounds good. thank you, mark. >> we have been following breaks news out of south san francisco where a police operation is underway at a bank. ktvu's rob roth just arrived at the scene and joins us now with details. good afternoon, rob. >> tory, we are outside the westboro square shopping center. right now, there is police activity surrounding thebank of the west. we're not going to tell you much of that activity because we don't want to give away any police tactic. but our understanding is that at least police believe that at least one or more people are inside there, holding up the bank. now, a little while ago, witnesses told us this was maybe about 15 or 20 minutes ago, that they saw what they described as bank employees coming out and maybe two or three of them. we can see officers interviewing people. we can assume that they are either customers or ban

i want to thank the giants organization for a lot of us to put delaware that bet in an appropriate manner. this goes back to 1994. brett hart, for what it is worth, was one of the adopted schools when that fund was established. that school is making a difference for thousands of children in the state, across some of the border states. i am proud of the giants for doing good work in the community and celebrating his victory for us. i know you came here to see the strophe and hear from the team. it is great to have you all here. bill nukom, on behalf of the team, if you could come up. >> nobody wants to follow that guy to the microphone. i will try to get to the point. it is a special pleasure, mayor newsom, to be back here in your building. we were just here six weeks ago outside of this magnificent building. we had just come from a wonderful parade witnessed by over 1 million folks, all of joy, appreciate it with the giants baseball team had

you can bet there's a lot of body heat been generated by the expected 1 million people there tonight.f you're counting just about 2.5 hours to go before that famous ball drops. >>> so we all know about the ball dropping in time square. there are some other not so famous new year's drops. here are some of the odder ones, at least two cities watch a pickle come down. that's dillsburg pennsylvania and mount island indiana. in bethlehem, pennsylvania, peeps come down. this one weighs 100 pounds. in eastover, alabama a giant fleet. in key west a drag queen in a ruby slipper is dropped. interesting. >> looks like the warriors are ending 2010 on a very strong note. >> a rare matinee game back in carolina. nobody is going to take the warriors seriously until they can win on a semi regular basis at least out on the road and they did it against the bob cats in a matinee. curry back with charlotte in his -- where he went to college at davidson. homecoming goes well as you will see. curry going to the bucket. dropping in two of his 24 on the day. the warriors were able to move it pretty well agai

that also in 2011, we will stay ahead of him -- and i offer him a but --bet/ -- bet. >> airbus also saysit has largely overcome problems with its a380's. rolls royce has had to work of the engines of the planes, which has affected delivery, leading to some restrictions in deliveries. >> in an email, steve jobs is any comic figure at apple, but he sayhe will no longer be ceo -- an iconic figure at apple. in frankfurt, company it shares lost value on the news. certainly not good news. >> a former banker has given wikileaks disks on clients allegedly had money in offshore accounts. he says he hopes the information will help shed light on offshore financial abuses. there are a number of politicians and public figures. assange said wikileaks will vet the data before making it public. it is no surprise that the mov about this phenomenon about facebook is taking home awards. they got best drama and best director, but the real top of the evening was a special appearance by michael douglas. -- the real talk of the evening. >> michael douglas may not have won a golden globe this year, but he was t

bets can be placed on things whether middle ton walks into westminister abby on time or if she will bey on the length of the wedding dress's train. >> time for perfect pet. >> and from the san francisco spca with little sofie. how are you. let's talk about sofie. >> six-year-old pure bred pug. the owner recently passed away. was treating for an eye condition she had which is very treatable so the interim caretakers weren't giving the meds she needed. so we had to remove her eye but loves to be held. good lap dog. she is pretty mellow. as long as they are not crazy and hyper. yeah, if you come to san francisco spca and come to the veterinary hospital, this is how we get to help animals to find her a good home. >> we appreciate that. >> little sofie, she deserves a great home. give the san francisco spca a call. >> first time on tv. >> all right. back to you. >> a little camera shy. >> wagging her tail. >> thanks for joining us. >> "who wants to be a [ female announcer ] these are the crescents you love on a holiday. and these are the ones you'll love on a friday. pillsbury crescent pizz

, i bet, i bet. >> ...you know, that john is not prepared to hear. >> that's okay, that's okay, takeour time. >> i'm prepared to hear anything. >> okay, good. >> i told you. >> i know. >> i ain't going anywhere. >> do you have, like, flexibility to take a little bit of time? >> i don't know. i'd have to... >> do you need me to call your boss? >> like, how much time? >> a couple of weeks. >> and you're saying that's when it's at the end. >> yeah, so you have your time with him, and he has time with you, and you guys can be at home. >> i hope. tara. >> it's my dad. >> narrator: john never did sign a dnr, but he did agree to go to hospice. one day later, he would die. >> norman... >> narrator: two days after his family decided to stop aggressive treatment, norman smellie would die from complications of his transplant. >> i'm not sure that the transplant prolonged his life, but i'm not sure that he would have lived much longer without it. he died a much more difficult death after the transplant than he would have died had he not chosen that. and i'm not sure that we added to his quality

every time i took the time to survey the ocean i was able to see something in it i even would make a bet with myself i will come out now i will survey the ocean and see nothing but i would lose the bet i would always see something and this gradually made me think something's wrong here. when he returned he was intrigued that there was so much plastic floating around so far from civilization. so he decided to go back and quantifying the problem. this was the big shock and this was a very very big surprise we were shocked when we pulled up the net for the first time i mean that was an ah ha moment my goodness what have we done that we can just throw a net anywhere in the ocean and hold this kind of plastic debris out. i dr mark is here i'm hired by the pacific ocean in the middle of nowhere looking for plastic and lots of it. comes in shows move created a foundation called going to eat a month as the activists joined him alone with a construe team they've obtained government grants to study this and since then they have kept on filtering the ocean. it's place. they say. that it's a couple.

this photograph, that is gorgeous. >> sure is. >> i bet he didn't walk down all the way to the light house. >> 694 steps. >> that's why he stayed up on top and took that picture. >> that's right. >> thanks. >>> speaking of being far away, taking a lot of steps, we're going to check in on the mars rover. [ male announcer ] when sean was looking at mba programs, he wanted a curriculum designed to meet market needs, with faculty who brought real-world perspective on where the business world was headed and the practical experience to help him make an impact. my name is sean blankenship, i'm making the electric car more accessible, and i am a phoenix. [ male announcer ] imagine what a business degree can do for you. with six bay area locations, one is closer than you think. caused a massive midair collision that killed thousands >>> well, they think it was stress from fireworks or lightning, possibly hail that may have caused a massive mid- air collision that killed thousands much -- thousands of black birds. nearly 5,000 black birds fell from the sky. lab tests showed no evidence of pois