of the blackstone group. his company's charitable foundation helped fund the expansion of the entrepreneurial program. >> entrepreneurship is how we start businesses. it's how we create jobs. almost all of the new jobs over the last decade, decade and a half, can be traced more or less to smaller businesses and start-ups and development. now, without the constant creation of new companies, you don't have the new job growth. >> tom: blackstone certainly started as an entrepreneurial endeavor. it has hundreds of thousands of plays with its partner companies. what's changed in the entrepreneurial environment today versus trix years ago when you began your firm. >> the overall environment isn't as positive. un, when we started our firm, it sort of felt like almost anything was possible. we really good economic growth, but in the 1980s, but remember the 1970s had virtually no growth. it was just stagflation for 10 years. the stock market didn't go up at all net for 10 years. so you can have these bad periods. the

of blackstone. it's "nightly business report" for thursday, november 17. this is "nightly business report" with susie gharib and tom hudson. "nightly business report" is made possible by: this program is made possible by contributions to your pbs station from viewers like you. thank you. captioning sponsored by wpbt >> susie: good evening, everyone. the new york federal reserve bank president bill dudley tells "nightly business report" the central bank has already done a lot to help the economy, but it could do more. tom, dudley laid out his plan for revving up growth in an exclusive interview with me at his offices at the new york fed, just blocks from here. >> tom: dudley was clear the fed still has plenty of ammunition to boost growth. that firepower includes more bond buying and more open communication about the economy. but he also says the fed can't fix the economy alone. it needs what he called "complementary" initiatives from others, including congress. >> susie: dudley plays a key role on the fed's committee on interest rates, and he is second onl

we asked john blackstone to show us. >> reporter: watching whales off the california coast usually meanso few miles out to sea. there she blows! >> reporter: but not this year, says santa cruz whale watching captain ken stagnaro. >> they're usually here but not quite so close to shore. you can literally see them from the beach a lot of times. >> reporter: the humpback whales off santa cruz have been so close to shore recently surfers and kayakers have had some dangerously close encounters. at 40 feet long and more than 30 tons, the whales present a clear risk as they feed on anchovies. but so far, says stag narrow,... stagnaro, the whales seem to be watching out for people. >> maneuvering through traffic and chasing food and being conscious of people around them was amazing. >> reporter: somehow they know we couldn't take of a flip of that tail. >> they are gentle giants. how beautiful, how about that? >> reporter: for the safety of whales and humans, the marine mammal act makes it a crime to get within a hundred yards of a whale. but there's no law against whales coming close to people

we asked john blackstone to look into this. >> reporter: it could be seen as a battle for the image of the occupy movement. one demonstrator struggles to put out the flames of a burning barricade as others, masked and dressed in black, pull him away. it wasn't the only time during a huge occupy demonstration in oakland this week that protestors found themselves on opposite sides. when dozens of black-clad marchers began attacking a supermarket, others urged them to stop, linking arms to protect the store from further destruction. one demonstrator, sheik anderson, distanced most of the protestors from the violence. >> we called the mayor's office the moment we understood what was going on over here. that was an anonymous action. that was nothing to do with occupy oakland. >> our street! >> reporter: for many demonstrators, a sinister mask fashioned on guy fawkes, the revolutionary who attempted to blow up the british parliament buildings more than 400 years ago, has become a worldwide symbol of anarchy and revolution. for years, black-clad demonstrators known as the black block have bee

john blackstone is in oakland. john. >> reporter: scott, just a week ago, this square in front of oakland city hall was cleared by riot police. but today, the tents are back, and now, this is the focus for those who answered the call for a general strike. many in oakland did stay away from work. the demonstrators call themselves members of the 99%. and they reflect a wide cross-section joined by one thing-- a call for more economic equality. kindergarten teacher natasha rosen-tavasa gave up a day's pay to march. >> we have less and less resources, and we keep losing teachers and getting more and more student. >> reporter: she says she's here for the 27 students in her class, the largest class she has ever taught. >> i am not geeing of getting paid anymore. in fact, my school day has increased from three hours to six hours. >> reporter: in a long line of marchs are heading towards a bank, henry noor said this is the biggest demonstration he has been part of since the 60. >> what we're seeing is a waking up to all th

a statement last night said the blackstone group lp will manage the sail of the team. >>> it turns out a solyndra severance package is good if you're the company's founder. he got nearly half million dollars before the solar company went bankrupt. in court documents, they show that the former ceo seen here giving president obama a tour of the company last year was fired july 1 almost two months before solyndra announced that he was leaving. the solar company went bankrupt in september after receiving a half billion dollars in federal loans and was touted by the white house a "green jobs creator." >>> bank of america backing down after scrapping plans to charge people 5 bucks a month to use their debit cards. the bank's announcement follows a customer revolt. b. of a.'s competitors said they would not charge a similar fee. >>> tech company that has made a name for itself with digital deals is going public. groupon is set to announce its ipo tomorrow even though they have 50 million users around the world, it hasn't made a profit yet. the company expects to raise a half billion dollars f

of investment firm blackstone. still ahead on tonight's program, from restaurants to parking lots and t-shirt printers, the small companies on the sidelines thanks to the n.b.a. lockout. with about one week to go, the members of the so-called congressional supercommittee are far apart on an agreement. and just like the debt ceiling debate from a few months ago, the two sides are running out of time to agree to cut more than $1 trillion from the deficit over the next ten years. darren gersh takes a look at the last push to bridge the gap. >> reporter: a looming deadline, emergency meetings, falling expectations. no, we're not talking about europe. that's what's going on with the congressional supercommittee. super committee republican co- chair jeb hensarling this afternoon blamed democrats for the deadlock, saying they have not put a serious offer to tackle health care spending on the table. >> i'm looking for a solution. they've rejected a republican solution, they've rejected a bipartisan solution. we wait for th

john blackstone takes us to the front lines. >> reporter: in this season of falling leaves, it's a soundeard across the land. it's a sound that many have grown to hate so much they're fishing for a leaf blower. >> it's not necessary. get rid of it. >> reporter: in quiet communities across the country, a controversy thatxd just won't blow over. later on sunday morning. >> osgood: anthony mason visits the star of the pop group florence and the machine. martha teichner takes us to the nation's newest art museum. out west lee could you and sums up the trial of michael jackson's doctor and more. but first here are the headlines for this sunday morning the 6th of november, 2011. the 5.6 earthquake, perhaps the strongest in state history, rocked oklahoma last night. it was followed by a second quake a few hours ago. the quake buckled highways and left cracks in some buildings, but there are no reports of major damage or injuries. after a debate with newt gingrich in texas last night, republican presidential contender herman cain got angry with reporters, asking about that decade-old charge of s

john blackstone will be serving them up. ♪ give it away now > it's ben almost 30 years since the redot chili peppers exploded on to the l.a. punk scene. >> we were like an underground hollywood street urchin band. ♪ i don't ever want to be > since that time they've sold more than 60 million records. and with a new album out, the chili peppers are as excited as ever. >> i love hearing us on the radio, man. >> reporter: later on sunday morning. the red hot chili peppers bear all. >> osgood: from hot peppers to high spirits this morning. that's what comic dan akroyd never fails to provide in his tv performances. this morning he'll provide them to us and our colleague michelle miller. >> reporter: his name, his face and his unique sense of humor are familiar the world over. do people expect you to be fun? >> some people. people who don't know me, i guess. people who know me know what they're going to get. >> reporter: what you'll get these days is a taste of his latest venture. we'll lift the glass with dan akroyd. >> later on sunday morning. >> osgood: rita braver looks into the legacy

john blackstone, cbs news, mercet, california. >> do you think there's a beer bong in there?ing care of that house. it's a pretty good setup, if you think bit. the dorm room i had when i went to college, not that great. >> good stuff. my first apartment, we had mice. it was awesome. >>> still ahead this morning, >>> welcome back to "the early show" pap great fall morning here in new york city. look at those trees. >> they almost look real. >> can we go back and check that picture one last time? >> we'll be right back. >> i'm chris wragge along with erica him. you've got a couple of those, right? >> one. >> those shoes are considered the ultimate in sophisticated fashion, but it turns out that the guys who run the company, erica, they're choicy. they own and operate their own dairy farm about two hours from new york city. >> are you trying to work in that cheesy lie? >> and we're going to take you there to see how the cows toe the line. >>> also, there's a very serious message saying we all need to understand each other, need to have a good laugh together. you'll need three co

fans have been lining up since thursday to watch the red carpet arrivals as john blackstone tells us.ty occupy twilight. >> it's a big, fun party. it's a xamp out with your friends. >> reporter: a camp out for hundreds of twilight fans so devoted they have been dubbed twi harder. five days they have slept on the sidewalk and celebrated their favorite fictional vampires. >> we want to see rob really bad. >> my ultimate wish? it would be a picket in person. >> reporter: robert and kristen and taylor star in the love triangle that has taken a big bite out of the box office. >> there have only been three films from this series released and $2 billion worldwide. that is huge. >> it's not traditional. >> reporter: the vampire romance owes its success to teenage girls and moms who bonded over the books and then the movies easement what is different this is female based. if these were guys that were really into a sci-fi or action movie people wouldn't be so interested. >> reporter: and girl power can be very persuasive. >> my girlfriend forced me along to see the premiere. >> she is obsessed

john blackstone, cbs news, los angeles. >> i love those stories. >> love the who. >> yeah.d here this morning, congresswoman gabrielle gifford in her own words. >> that's right. we have some more on her new memoir when she wrote with her husband, mark kelly, the challenges she has faced in learning to walk and talk again and how she and her husband are looking at the future. this is "the early show" on cbs. my sinus symptoms come with a cough that stays even after i treat... [ male announcer ] truth is, most sinus formulas don't treat a cough. really? [ male announcer ] alka-seltzer plus sinus liquid gels fights sinus symptoms plus cough. you're good. [ male announcer ] thanks. that's the cold truth! lugging around a hot water extraction unit can be a rush! that's why i'm carpet for life. but if things get out of hand, there's no shame in calling us. ♪call 1-800-steemer. ♪ that's good morning, veggie style. hmmm [ male announcer ] for half the calories -- plus veggie nutrition. could've had a v8. >>> it's been ten months since a gunman shat arizona congresswoman gabrielle g

john blackstone, cbs news, mercet, california. >> do you think there's a beer bong in there?dz taking care of that house. it's a pretty good setup, if you think bit. the dorm room i had when i went to college, not that great. >> good ,,,,,,,,,,,,,, a day of action is underway th ... as part of the >>> good morning, it's 8:25. time for some news headlines here in the bay area. a day of action under way this morning over at cal as part of larger "occupy" movement. activists are holding a teach- in this morning to be followed by a march and rally this afternoon the thousands of students are expected to take part in today's event. >>> "occupy" protestors will meet tomorrow to decide what's next for them. the city can't set up tents. they are reweighing options about going back to frank ogawa plaza, joining a growing camp at snow park nearby or taking over some vacant buildings in downtown oakland. >>> a computer hacking scandal at santa clara university. the fbi questioning people at the university now after someone actually broke into the computer system and inflated the grades

john blackstone cbs news mercet california. >> do you think there's a beer bong in there?'s a pretty good setup, if you think bit. the dorm room i had when i went to college, not that great. >> good stuff. my first apartment, we had mice. it was awesome. >>> still ahead this morning, how a [ male announcer ] does your cable company keep charging you more... and more... and more? stop paying so much for second best. upgrade to verizon fios and get tv, internet and phone for our best price online: just $89.99 a month guaranteed for two years. you save $600. go to verizon.com/greatprice to sign up now and get $300 back with a two-year contract. fios is a 100% fiber-optic network that delivers superior picture quality more hd, plus america's fastest most consistent and most reliable internet. why keep paying so much for cable? switch to fios at our best price... $89.99 a month with a two-year price guarantee. plus get $300 back with a two-year contract or choose no annual contract. ordering online is easy. you can even chat live with a fios agent. visit verizon.com/greatprice.

john blackstone, cbs news, portland. >>> if the players and owners can work out a deal by monday.. >>> emmy and golden-globe nominated actor patrick wilson star the in the new cbs medical drama, "a gifted man." as a brilliant surgeon trying to change his life. >> you've got a patient for me, boss? >> a lady with the flu, pink eye. but first i'd like you to take a look at a school teacher. julia. she's complained of sore throat, temperatures of 101 and her strep test just came back negative. >> it sounds like viral pharyngitis, what's the big deal? >> she's confused. >> this role is a part of patrick wilson's busy life. which we're going to talk about over the next couple of minutes. for people that aren't familiar with the show, let's talk about the show. you are this arrogant, probably a safe word to describe you. >> safe. >> arrogant, brilliant neurosurgeon who only works with the have's, but now you're working with the have not's. why the change? >> well what happens is in the first episode i run into my ex-wife, who i've soon thereafter figure out has died a few weeks prior to

kevin blackstone is an aspn commentator, a journalism professor.ts reporter and pablo reporter for "sports illustrated." thank you for being here. kevin, some have said today's game should have been called off. do you agree? >> no. >> and how can fans cheer in light of something so horrific? >> it's not about cheering a football game, about calling the game off. whether the game is played or not is not going to have any impact on what's unfolding at penn state over the last 12, 14 years. you know, i think they should show up. i think they should have the blue out which represents the blue ribbon against child abuse in this country. and i think a really good gesture would have all the receipts from today's game at 108,000 seat stadium donated to a child abuse victims and child abuse -- anti-child abuse organizations in the state of pennsylvania. i think that would be the way to go about it. >> that's an interesting proposal there. sounds good. bone how does the college address this scandal today? do they say something? do they go public and make som

john blackstone, cbs news, portland. >>> if the players and owners can work out a deal by monday, a shortenedor patrick wilson stars in the cbs drama "agifted man" as a brilliant surgeon trying to change his life. >> you got a patient for me, boss? >> i got a lady with the flu and kid with pink eye. but first i'd like you to take a look at a school teacher, julia. chief complaint, sore throat. temp of 101. her strep test just came back negative. >> sounds like viral meptingnin. what is the big deal? >> she is confused. >>> we are going to talk about your busy live the next couple of minutes. good to see you. >> great to see you. >> for the people that aren't familiar with the show let's talk about the show. you are this i want to say arrogant but probably a safe word to describe you. >> safe. >> safe, arrogant neurosurgeon who only works with the have's and now working with the have not's. why the change? >> in the first episode, i run into my ex-wife who i soon thereafter figure out has died a few weeks prior to that and so i'm wondering if this is the spirit or this ghost or my subconscienc