i bet you will grow up to be a mathematician. i will give you my address you will have to send me your first paycheck because i taught you this. at this point we would like to thank you very much for coming. if you have any questions. i don't know if we want to open it you will for questions. may be just a few? okay. yes. what's your question? >> how do we get in this program? that is

to keep them from betting against certain clients when they want to bet with other clients depending on where they feel they're going to make the most money so yes it all goes into the definition of. what's a market maker versus what's. classic investment bank that is that is creating a situation whereby customers can access funds and investors can come in and supply those funds and those are two very different things in our loosely regulated banking environments they fall into one place like a goldman the bigger more powerful companies as you mentioned take more and more of this role and that destabilize the entire financial system and yet after everything we saw after all the bailouts after all of the pain that is still going on there is no change being discussed in that regulatory structure to keep this stuff from occurring or becoming an even bigger problem in the future which therefore it will i know we prince and former managing director of goldman sachs you are familiar with the culture of wall street your professional career starting out was tied to the highest echelons of wa

i bet -- i hate to admit this. i bet $5,000 that the bride wears a dress made of meat.ke the lady gaga. pays 1 billion to 1. speaking of teeth, as interested as we are in this wedding here in america, in england, they are going nuts. this guy decided to show his enthusiasm in an exceptionally unusual way. >> this is the grill of a british plumber. he paid 1,000 pounds to have a dentist paint portraits of the royal couple on his two front tee teeth. it's only temporary. it will last as long as barney brushes. >> jimmy: well, he's british, so that could be quite awhile. unbelievable. someone in england finally gets work done on their teeth, and that is it. even mike tyson was like, hey, that's a really bad idea for a tattoo. guillermo once did something like that. you remember that, guillermo? guillermo got a tattoo last year when lamar odom and khloe kardashian got married. is that still there? can you -- is there any way you can maybe show it to us, guillermo? come on, give us a little smile. there it is. that's them. [ applause ] if they ever get divorced, we're going

is that blew up the financial economy because you're betting on the outcome of something that is not associates not you taking out life insurance on your own life it's goldman sachs j.p. morgan and toys your bank taking out an insurance on your life well again this is all made possible by interest rates being at near zero percent you can you can create these huge ponzi schemes that are self-referential that are tied to indexes that are created out of the anal orifice of some kuantan wall street who is the only guy not getting laid and then you try to market that to hedge funds and pension funds and you make huge fees but at the end of the day you're not talking about anything that would qualify as economics this is the casino goulet oppression in action and it's killing you. well it is tied to also the financial repression of attacking savers because these guys have to steal the savings of people who have savings and they are marketing this product to these derivatives towards the pension funds are sitting on more than twenty three trillion of assets just another form of austerity th

women tor bet was shot to death outside the select lounge on pack a street. shawn gamble was also killed in that shooting. all along police have said that officer tor bet responded to a fight at the club in plainclothes and that when uniformed police arrived they did see tor bet, of course, firing his gun, but didn't realize that he was a police officer as well, so they fired. now the police have wrapped up their investigation. the findings will be reviewed by both the state's attorney, gregg bernstein, and by an independent review board appointed by the mayor and the police commissioner. >>> another concern, rising floodwaters are threatening the midwest forcing engineers to take some drastic action. >>> coming up in 1 minute what is at risk if they don't blow up parts of the system that is supposed to keep the water contained. >> charlie sheen is taking steps to improve his image tonight. is it enough? you can decide. >>> here is is a story you had to see to believe it. you thought using leaves in medical procedures were strange, wait until you see what som

obsession with deregulated so-called free markets and iran's psychopathic or sociopathic rally you can bet that any new hires are going to have to subscribe to that same ideology maybe like paul ryan's staff they all had to read atlas shrugged so how is letting billionaires determine what students learn in public universities ethical and what are the consequences of the sort of philanthropic activism we fought as a reporter and blogger extraordinary for think progress he joins me now lee welcome . for having me thanks for joining us from your in faraway california today as a. for profit i said you know i can understand. a founder or a donor at a private college or say jerry falwell's liberty college or whatever it's called saying you know i want certain kinds of teachers or for that matter a private college particularly a religious want or one that has a particular agenda saying you know we all want but but this is a state owned university. this this dog that's being wegg by the tail of the koch brothers nation isn't there some right fundamentally wrong about that. well you have to underst

if you bet $20, you win $70. i bet a lot more than 20. i've been doing this for five years.picked helio castroneves. he won. that's right. i picked kristi yamaguchi. she won. i picked donny osmond to win. and sure enough, he won. last season i bet on jennifer grey. she won. and now, the man i picked this season, hines ward is the new "dancing with the stars" champion. i win again. it's unbelievable. i'm the only one impressed by it, right? [ applause ] this is why i'm known as nostra-dance-mus around here. not only i can do that but i can also tell you how many babies your cat is going to have. tonight, the mirror ball trophy went to hines ward of the pittsburgh steelers. and in pittsburgh the streets are flooded with excited steeler fans waving their terrible towels, screaming things at the camera. the pain of the super bowl loss to the packers has finally been erased with a big win over chelsea and kirstie. we will talk to hines and kym very soon. kirstie alley may have lost the competition, but she also lost a lot of weight. she lost 400 pounds in two months. [ applause ]

that the market's going to crash they place this huge bet that the market is going to crash the whole selling short then they dumped the oil into the market at the peak so they sold all of crow far more than they paid for it and then with all this extra oil in the market the airlines are going hey you know we don't need to pay high prices for futures anymore the oil market crashed and so they they're best paid off this is how they made the fifty million bucks and in fact as the financial times says after cashing in the profits from their futures positions the c.f.c. see alleges the traders open bearish bets or short positions that will profit from a drop drop in prices and then allegedly surprised the market by dumping their physical oil driving on prices making further bets on the very future futures markets now and here's where it gets interesting there is this whole movement in the united states utah for example just may goal an official currency. so we're going to goal our large little fort knox here and there is the of this whole ron paul rand paul right wing hard right hard mone

i bet you tell stories. did you tell a story today? >> yeah, i bet you did you went up to our friend and said, did you see that? your friend said, no, no he didn't. right? that's a story. so, i will tell you a story. in india, here we have super heroes like, tell me a hero. >> super man. we have super heroes in india. krishna. lifts mountains and throws them to the ocean to create bridges. i will tell you the story about a super hero. krishna as a little boy in the village where the trees blow and the water flows and the birds fly and the grass grows, in this village there are cows. and people and they go to the river and they go to get their water. and they go to the river and what do they see? an evil demon is polluting the river. callia. and they can't get water because it's killing the cows and the people. so, they go to krishna and say, please, do something about this this is not good. he says, he thinks about it and says, okay. he takes his friends to the river to play. they play ball. they play with the ball and then by accident

i bet you will grow up to be a mathematician. i will give you my address you will have to send me your first paycheck because i taught you this. at this point we would like to thank you very much for coming. if you have any questions. i don't know if we want to open it you will for questions. may be just a few? okay. yes. what's your question? >> how do we get in this program? that is a good question. >> it's an interesting question because the answer with the 3 of us is the same. what i want to point out i look like i might be from india when i talk i sound like i'm from america. my parents are from india but i was born in america and i started this dance when i was 18. i was not a baby e. both charlotte and an drea did as well. charlotte at 15 years and joe airna and i 15 years. that's how we got in this program. we practiced very hard. very, very hard we practiced everyday and we have been been in india practicing 8 times where our teacher is from. yes. >> yes. >> well there are similarities all of southeast asia. we performed

. -- bets will work better. welcome to our viewers on pbs in america and also around the globe. ratcheting up the pressure -- that is what washington did

>> i'm you're betting more. that's the big tradeoff. >> reporter: 93 of us gets lucky but an does stk around longer. >> the strategy is to play as slowly as you can. whenever i have friends or relatives who want to play slots, i direct them more to the old time machines where you play two or three coins instead of 300 coins. >> reporter: that game plan worked for jena. >> we stayed an hour and a half. $2 made us play more. >> reporter: she had fun and she won. >> we doubled our money today. >> reporter: curtis is quick to point out -- >> you're better off with live game than machines. >> reporter: but he does have a favorite, video poker. >> a lot of people like it because there's thinking involved. >> reporter: he said look for a poerk game that pays above a 7-5. and remember, it is just a computer inside there. it doesn't run hot or cold. >> it is just a big mid. when it come to slots and video poker. that a machine can become, quote, due. it doesn't happen that way. >> reporter: for whatever reason -- today,

and then by lunchtime, all bets are off for the shower.just because there is a stray shower over the ocean on saturday. it's breezy. that is the big story for the weekend. other big story, cooler than average temperatures all seven days. have a great and safe weekend. frances? >> a new crash reported at 680 and mission boulevard but it's not blocking lanes. i don't think it will cause trouble. c.h.p. is en route. i want to show you the good commute heading through san bruno. so if you are catching a flight from memorial day weekend, no trouble on 101 northbound heading toward san francisco. past s.f.o. southbound looks good to mountain view as well. check out 680 in walnut creek. it's light. very friday light out there. right now. southbound traffic looking good here on the right-hand side toward highway 24. bay bridge toll plaza, absolutely delay-free. but there could be some delays this evening. due to the critical mass bike ride leaving justin hermann plaza at 6:00. you heard amy talk about overnight lane closures saturday and sunday. y

i bet you tell stories. did you tell a story today? >> yeah, i bet you did you went up to our friend and said, did you see that? your friend said, no, no he didn't. right? that's a story. so, i will tell you a story. in india, here we have super heroes like, tell me a hero. >> super man. we have super heroes in india. krishna. lifts mountains and throws them to the ocean to create bridges. i will tell you the story about a super hero. krishna as a little boy in the village where the trees blow and the water flows and the birds fly and the grass grows, in this village there are cows. and people and they go to the river and they go to get their water. and they go to the river and what do they see?

. >> jimmy: i bet. and now, "modern family" and there's a big mother's day episode coming up this week. >> yeah. >> jimmy: and you are a mother, of course, on the show, rico rodriguez plays your son. we have a clip here. would you like to set this up?

markets are made by people betting one way or the other.hat you have to do -- >> i'm not sure that makes sense for an investment firm, though. >> what we have to do is disclose. it's perfectly legal for a dealership to sell me a car i'm not going to like or that's too expensive for me. it's not legal for them to sell me a car that's not what they represented it as. that's what happened here. he's gone through these documents and says that a lot of these things were disclosed, that in fact goldman laid out in very lengthy detail all of the ways in which this could go wrong. i haven't read the disclosure documents personally. >> i have. >> there are two dueling versions of the story. >> matt, you've read them? >> i've read all the documents in this report and talked to some of the principals in this entire story. i definitely know some of the client that is goldman was talking about were completely blindsided by the fact that they were buying assets out of goldman's own book when goldman was buying them off the street. they didn't make disclo

regional problems well let's now get more from our correspondent rigor he's going to be following the bets for us how you go or what has been discussed in moscow today. well and hamas are the two most powerful political forces in the know that he'd be able to set their differences aside earlier this. after years of animosity there planning to form a joint governments have previously been seen the hoped for russia's support so over the weekend their representatives of the meeting with russian diplomats and are now meeting with the foreign minister himself to go up north is said about russia as i'm active member of the security council the united nations security council and the middle east quartet which also includes the united states the european union. thing that. this is a this is a great event and those that all political forces in palestine have to take part in this election now also another issue on the table here is the discussion for the preconditions of an independent palestine in the independent palestinian state and the foreign minister is also commented on that praising the fact

they don't need any proprietary bets. greenhill, same thing. basically the same thing. there are other models out there and those people getting back to what we're talking about before have that old model, that sort of securities firm model. they were taking big risks with their balance sheets leveraging them way out and whittled collapsed caused us to have to bail them out. there are many people who felt the whole business model has gone down the tubes instead of being reestablished which is what the government ended up doing and there would have been firms like lazard and green hill that would have come up out of that providing services once again for the clients without this the trading side of the balance sheet. goldman post as i said this will proprietary trading business, this whole trading enterprise, making markets for their clients as lloyd blankfein tried to explain to senator levin that requires huge amounts of capital, the balance sheets, lots of leverage and lots of risk. now goldman thinks of itself as being the best manager of risk on wall street. these a

they don't have any trading or make any propriority bets. green hill, the same thing. there are other models out there. there are the people getting back to where had the old model and security firms model of where the goldman, lehman, merrill, leveraging them, and when it collapsed caused us to have to bail them out. there were many people that thought the business model should go down the tubes. which is what the government ended up doing. they would have been firms like lazard and green hill that would have come up out of that providing services once again to their clients without this whole trading side of the balance sheet. and which got everybody into so much trouble. and so, you know, goldman pushed as i say, pushed this whole proprietary trading business, the whole trading enterprise making markets for their clients as lloyd blankfein tried to explain. yes, all of that, but requires huge amounts of capital, big balance sheet, lots of leverage, and lots of risk. goldman thinks of itself as being the best manager of risk on wall street. they are not wrong. they s

cut this let's make like a five dollars bet two weeks from now one week from now we're going to be back here talking about look they have to cave in and they release the photos anyway or how much you want to bet they come out on wiki leaks how much you wanna bet they find a way to surface or they just somehow come out and make it into the well and we have and i know everything below or out there besides to prove it to the entire world and i want to be with them play for the record a sitting u.s. senator for the fake photo today and said that she saw i've been photo which then and then maybe if you look on the ground what is her name the hottest one the really hot one the hottest one with the correct air fares very honestly it's true the new hampshire senator we can earn a living artist not reported move on to the next subject sarah pavan tweeted about this today and she said show photo as warning to others seeking america's destruction no pussyfooting around no politicking no drama it's part of the mission just murder very pale and no pussyfooting around so she's saying that obama actua

guy... >> i do not bet on baseball. >> jon: no. >> but... (laughter). >> jon: this is true. will did not know we were doing that bit tonight and just happened to bring the bat. >> just happened to bring the bat. (laughter). >> jon: because you never know when you're walking through the streets of new york city. where did you get that? how did you go... n a three-minute span? >> i asked your outstanding staff god it would be great if i could just walk out with a bat. boom! (laughter) where's the bat? where's the bat? well you have,... >> jon: you have sufficiently ruined that for our intramural softball game. (laughter). >> anyone going up to the plate has to go through that motion now. that would be the only way. >> jon: wouldn't that make games so much more interesting. >> and that will drive the other team crazy! either sexually or it will just mess them up in such a way that... >> jon: just in between pitches to just step out and stare at the pitcher and just go "oh, yeah." (laughter) >> not gun that happen today, guys. can you think of anything more intimidating? >> jon:

the word you wonder if those people who donated all that money are going to get a refund somehow i bet they won't other people out there quit their jobs to travel around the world telling everybody that may twenty first was the aunt of florida couple sold their home gave notice to work so they could travel and spread it camping's prediction after all he said it was going to happen and now they're broke and they're jobless the l.a. times says that a truck driver took his family to see the grand canyon before the world and it he maxed out his credit cards now all those bills are due and i'm betting that visa and mastercard are going to forgive those charges but in fact these believers are probably scammed according to media reports the retired civil engineer has turned his doomsday predicting into a huge money making on profit ministry tax filings from two thousand and nine report more than eighteen million dollars in donations and his mystery is valued at more than one hundred four million dollars so it sounds like the greater miss is calling it a work on wall street and that's why we'r

loans that they're carrying on their books they value add one hundred cents on the dollar that can bet any serious mark to market on those loans the banks' balance sheets are they as healthy as the banks are alluding to well no they're only healthy as long as interest rates stay at these artificially low levels and that's one of the reason the federal reserve is keeping them there you know rather than raising rates like it should be doing it's afraid to do that because it will expose the insolvency at the bank so in order to keep rates low bracket household behind for ten years no inflation because of you knowledge is was obvious then he has to raise rates but he can't do that without tanking the u.s. economy but of course we need to let this phony economy collapse because in kill we do we're never going to be able to go to a sustainable economy to replace it and the longer we try to maintain as bobble the worse the underlying fundamentals get and the more painful it will be ultimately to correct the question is i guess on everyone's mind relating to the dollar very similar today to wh

lloyd blankfein said we did not have a massive short bet and we did not bet against our clients but we know both of those things are true i think there's going to be a lot of pressure on the justice department to do something about it about some of these things. and at some point because they can't just let it completely go the same time when you yourself have written about how the justice department department is so reliant on the f.t.c. because the stuff is complicated there's difficult details here to sort of hard to dig through all the leaves on the fox do you really think that there's going to be some sort of action and prosecutions of the folks who are supposedly the backbone of our economy. well i'm not going to hold my breath obviously but i mean that's why we we focused on the line to congress aspect of the speech because. yes the whole question of lying to investors and what's legal and what's not legal and can you sell somebody something while betting against it at the same time what you have to disclose when you do that all that stuff is definitely complicated and prosecuto

. >> i bet you look cute in high heels. >> you bet. hearing and possible action regarding an -- applications for permits under the jurisdiction over the entertainment commission. item a, michael o'connor, d.b.a. brick and mortar, 1710 mission street place of entertainment. >> this was received last month, april 13. in your pact, yourl find a detailed resume detailing prior experience as an operator as well as through a thorough business plan. the recommendations for sfp drnch pretty straightforward and consistent with the kind of good neighbor policy and the planning department also approves of this permit and i believe the applicant is right here. >> mr. o'connor. >> thank you. >> anything you would like to say? >> i guess the location most people are probably familiar with it. there have been a few different entertainment venues. some people think the location might be a bad location. i think it is a good location because it is in the middle of a lot of different neighborhoods. it is walkable and drivable from neighborhoods in the mi

breezy conditions, you bet. and you have this area of low pressure that's going to drive up the pacific northwest. eventually some of that energy drops into the bay area for sunday. light chance of showers on mom's day. sorry about that. you have 60s and a few 70s in the south bay today, 50s at the coast for the most part. east bay temperatures as high as 78 in brentwood, 65 in berkeley and 26 in alameda. north bay 70s in the interior valleys but 50s at the coast and looking out at the next couple of days, we have some more clouds on the way, much cooler temperatures expected throughout the weekend and then probably warming back up come monday and tuesday but yeah, looks like there is a slight chance of a few light showers on mom's day. that's a look at the forecast. back to you. >> thank you. >>> california nail salon workers are being exposed to unsafe levels of toxic chemicals. researchers at the cancer prevention institute of california found the presence of a compound banned by the fda and found another che

. >> i bet he does. kit, thanks, live in redwood city. >>> this comes after two other scares over the weekend. a continental flight from houston to chicago forced to make an emergency landing yesterday after a passenger tried to open a door midair. >> i hear a scream from the stewardess and i see her fly across the thing. and so i go running. and i see this guy with his hands on the door and two guys trying to hold him. so i just jumped on his back and put him in a choke. >> well, it worked. they held him for 30 minutes until the plane finally landed in st. louis, the suspect was taken into custody. a delta airlines flight from detroit to san diego diverted to albuquerque yesterday and passengers say a note with a word bomb on it was found in the bathroom but officials are not confirming that. fbi agents interviewed everyone on board and searched their carry-ons but they didn't find anything. >>> a fast-moving fire that gutted a house in oakland may have been linked to a domestic dispute and they saw fla

microsoft is betting big on skype, making its largest acquisition ever. the software giant announced today it's paying $8.5 billion in cash for the world's most popular web-calling service. microsoft outbid rivals google and facebook, reportedly more than doubling their offers. still, even with skype's millions of users, investors are skeptical of the purchase. suzanne pratt takes a look at why microsoft's big bet isn't getting rave reviews. >> reporter: this is the future of global communication, and microsoft wants in on the action. let's face it-- microsoft is still a huge laggard when it comes to the internet and the consumer market. not only is "skyping" so popular that it's a verb, but the deal gives microsoft access to skype's 170 million loyal web users. microsoft c.e.o. steve balmer explained it at a news conference, saying the plan is to put skype technology into microsoft products. >> microsoft and skype together will bring together hundreds of millions-- or as tony would say, billions-- of consumers, and empower them to communicate in new and