i can't speak for blackstone's thinking.perty and you can raise rents as time goes by. that's part of the market, you have to be able to raise rents to a certain extent. but they can't come in and kick people out and triple the rents. this complex is a really rich history. 1940's.eveloped in the it was a bastion of affordable housing. sarah: it's one of the only ones that left that's kept up quite well in a very nice part of town. it has a lot of history. i know people who are living in their grandmother's apartment, and now they have two kids. it's a long-standing pass on property. scarlet: it's massive. sarah: yes, it's huge. sarah mulholland, thanks for joining us. scarlet: coming up on the "bloomberg market day." for walmart wages. we have the analysis. ♪ scarlet: will retailers want to follow walmart example when it comes to bumping up employee paychecks? it could cause retailers and extra $4 billion. alix: the increase in worker wages means lower profits for walmart. the stock lost 10% of its value on a single day last

blackstone's john studzinski is with us.bout sovereign funds because stephanie would say that is your jam. you manage a lot of institutional relationships that blackstone has and these beeneign funds have attracting attention because we learned that norway will be with trying money from the $820 billion bank petroleum fund. also talking about selling state-owned assets and saudi drink spending cuts because of the impact of the drop of oil, how do you see it? john: sovereign wealth funds exist for long-term wealth stability of economies. if you look at the major sovereign wealth funds in the world, there are probably a trillion dollars to $9 trillion tied up. about half of the wealth -- $8 trillion to 920 and dollars is tied up. about half of the wealth is from derived wealth. obviously, norway gets a lot of attentiobecause they are having the biggest. stephanie: they seemed, really. john: they had an expansion for several years and sovereign wealth funds are sophisticated organizations. they are global, diversied, they are r

and he said blackstone. the blackstone. the man said, great god almighty. but of course blackstone from the 18th century and was still the foundation of the judicial education in the united states. this is how link can looked at being a lawyer. he borrowed borrowed it from another little lawyer and read it himself. so he is self-taught and self-starter but he learns what he has to known which includes the past. okay, thank you very much. [applause]. thank you so much, that was a brilliant talk. don't tell the other recipients that but i think it was our best lecture yet. rick agreed to speak earlier today force and tonight for free, the labor free speech however we do have to tell you an award and it also comes with a $5000 prize as well. congratulations on that. we would like. we would like a few pictures with that. as soon as we have done that, rick has agreed to sign copies of the book. we will have a reception following until eight pm. thank you so much for coming. [applause]. >> next on book tv is the 27th annual book festival held every year nashville

how important was that deal for blackstone? i think it's a remarkable achievement, friendly to do that deal that no one else in the world could have done. scale -- $5.5 billion, which is huge. not many people could write a check for that. it's very complex. we needed to work it out with the city and the tenants and the city council and the government and senator schumer, our investors. multidimensional, highly converts transaction. maybe no one could have done that. especially with the speed and scale that we did it. number 3 -- having patient capital is essentially permanent capital. we do not have to try to squeeze the last juice out of that limit. we could be very patient and very responsible as a landlord. we can guarantee 5000 units and almost half of the units are for the housing. betty: was that key to getting the deal? tony: totally key. and it's a wonderful benefit for the city. if the city were to build new buildings to replace those affordable units, it would cost billions. betty: and you are comfortable with the pri

. >> reporter: the 1957 blackstone be-250. in charcoal with a distinctive and very excellent control tower. >> looks like it's going to take off. >> oh, yeah. 1100 rpm. that's the fastest one that was ever made for a top loader. >> really? >> yeah. >> reporter: the two are believed to be the only pair in captivity. >> there we go. that's pretty. >> reporter: john's other treasure is the 1938 bendix. >> it's the first time i've actually seen one of these run. this is like a lifetime moment. >> reporter: which always draws a crowd. they like to watch. and watch. and watch. >> everybody has their most favorite part of the cycle. and everybody's different. >> i like the drama of spins. to me that's dramatic. i like that. it's dramatic. it's washer drama, we call it. >> much better color than gold. >> reporter: between loads these avid laundry men chat. >> matador red, but that was in the mid '60s. >> debate. >> two dozen machines in my collection. >> 20, 25. >> and compare collections. >> how many machines do you have? >> near 200

john blackstone, california. >> pelley: and that's the cbs evening news for tonight. for all of us at cbs news all around the world, good night. captioning sponsored by cbs access.wgbh.org this is "jeopardy!" today's contestants are -- a bartender from goshen, new york... a nanny from dallas, texas... and our returning champion, a law professor from champaign, illinois... alex trebek! thank you, ladies and gentlemen. thank you, johnny. hi, folks. welcome. exactly two weeks to go before our annual tournament of champions. most of the positions are set but not all of them, which means that, sean, beth, and tom, you could still qualify. good luck. let's see what happens today. here are the categories in the jeopardy! round. mmm, good. alex: and, sean, off you go. curry for $600, please. beth. what is morocco? good.

john blackstone, california. >> pelley: and that's the cbs evening news for tonight. for all of us at cbs news all around the world, good night. captioning sponsored by cbs captioned by media access group at wgbh jeb bush was a probably the strongest governor in the history he was a young guy and i think there were some that thought they might be able to run over him. that didn't happen. one tax cut wasn't enough- he had to do more. it wasn't enough to have 15,000 kids with school choice in florida, he wanted to have 100,000 kids. if he didn't like a project, it was going to be vetoed. it didn't matter if you it didn't matter if you were his best friend. he said: 'this is where we're going, this is how we're going to reform state government...' every politician comes in talking about making change, and generally there's not much change. but governor bush made a lot of changes. he got the nickname if he saw something in the budget that he thought violated his conservative principles, you could guarantee it was gonna get whacked. he vetoed a bunch of my stuff and i was

jim, that means he had a total of 14 firearms in his arsenal. >> axelrod: john blackstone in a still stunned roseburg, oregon. the number of dead and injured may have been even higher had it not been for the quick thinking of some of the victims. here's mireya villarreal. >> 16-year-old carly fiorina is the youngest shooting survivor. she was attending college to be a nurse. her mother, bonnie, says the most she heard about the shooting she dropped everything and drove straight to the hospital. you heard the news. you came straight over here. was that mother's intuition that brought you here? >> there's no other word, mother's intuition. >> reporter: fitzgerald was in a writing class targeted by the shooter, christopher harper mercer, but didn't know him. she was shot through her shoulder. the bullet grazed her lung and lodged in her kidney, which doctors removed. fitzgerald's mother says there's a sense of guilt that comes along with knowing her daughter survived but nine others didn't. >> i'm just really thankful that god let me have my child. >> reporter: but fitzgerald didn't jus

john blackstone, california. >> pelley: and t tt's thehe cbs evening news for tonight. for all of us at cbs news all around the world, good night. captioning sponsored by cbs captioned by access.wgbh.org "i heard it fire up in the driveway and i instantly just jumped up - that's my truck." right now on cbs 2 news, death h investigation.n.new information on who's behind bars, and why neighbors got concerned when two trucks went missing. missing.plus ...trump, stumped. why these iowa students say they donon want the candidate campaigning at their school-- and how they're trying to keep him away. breaking right now, now,within the last twenty minutes, officials released the name of woman killed in benton county.25-year-old sabrina hustad was found dead, by neighbors, in a drivew sunday morning in the 32-hundred block of 59th street trail. trail.that's in a a rural arar midway between shellsburg and urbana. man, 31-year-old david miller in custody.miller went before the benton county district court this morning, charged with stealing a truck.he lives at the home where husta

john blackstone, california. >> pelley: and that's the cbs evening news for tonight. for all of us at cbs news all around the world, good night. captioning sponsored by cbs captioned by access.wgbh.org blinds to go's 60th anniversary sale is back... plus 1! woo-hoo! right now buy one get one at half price throughout the entire store. blinds. shades. sunscreens. the entire store! hey, any excuse for a party. and big savings. blinds to go. blinds for life. party on, people. blinds to go's 60th anniversary sale is back... plus 1! celebrate when you buy one get one at half price off the entire store. blinds. shades. sunscreens. the entire store! 'cause the older we get, the more you save. that's just how we roll.

john blackstone, california. >> pelley: and that's the cbs evening news for tonight. for all of us at cbs news all around the announcer: you're watching kcci 8 news. >> they are awful for you. but still, i have bacon every once in a while. steve: the world health organization now says processed meats like ham, sausage, and bacon can cause cancer. why many central iowans say they still won't steer clear. kevin: convicted by what iowa's public defender calls junk science. how flawed fbi testimony for over 20 years may have led to wrongful convictions and what iowa is doing to correct the mistakes. steve: and, cyclone shake-up. iowa state fires offensive coordinator mark mangino. but that's not the only change for the 5-2 football team. for the first time, the world health organization has labeled processed meats like ham, bacon, and sausage as carcinogenic to humans. kevin: according to the organization eating 50 grams of , processed meat daily increases your colorectal cancer risk by 18%. putting it in the same group as cigarettes, formaldehyde and asbestos. well, iowa

john blackstone, california. >> pelley: and that's the "cbs evening news" for tonight. for all of us at cbs news all around the world, good night. captioning sponsored by cbs captioned by media access group at wgbh access.wgbh.org along the marin county coas the treacherous condit breaking news, a boating trip ends in tragedy. the search for missing man along the marin county coastline it treacherous conditions the voters may not have planned for jacks not your typical traffic stop, east bay over and elected official and the question is when she being targeted. >>> the giants battling heart of the field. development deal the team is backing up. i'm can jacks i'm from delacruz but breaking news along the coast the search for missing boater. the distress call came at 8:00, capsized into tomales bay, one was found in the rocks one floating and one is missing. the coast guard, chp and other agencies have joined them on the search which is going on now. chopper 5 headed toward tomales bay this afternoon but the fog was too thick to get to the scene. you can see the heavy res

john blackstone, california. >> pelley: and that's the cbs evening news for tonight. for all of us at cbs news all around the world, good night. captioning sponsored by cbs captioned by media access group at wgbh access.wgbh.org >>> police say a d.c. officer shot his wife and turned the gun on himself. >> good evening. thanks for joining us. shots rang out. stephanie ramirez the couple leaves children behind. >> sullivan is a d.c. police officer with d.c. protect thive services. this is a force under the district department of general services tasked with protecting property that belongs to district of columbia. police tell me this is the person they believe shot and killed his newlywed wife before taking his own life. it started as an argument yesterday morning. we now

john blackstone is in roseburg, oregon, and begins our coverage. >> reporter: the smiling faces of the victims are now known ranging in age from 18 to 67. they include three 18-year-olds, recent high school graduates, rebekah carnes, lucas eibel, and quinn cooper. carrie boyd spoke for cooper's family. >> quinn was funny, sweet, exapgzate and such a wonderful, loving person. he always stood up for people. >> reporter: 19-year-old lucero alcaraz hoped to be a pediatric nurse. and 20-year-old treven anspach was a fire and e.m.s. member. douk fire chief marl delivered a message from treven's family. >> treven was larger than life and brought out the best in those around him. in justin and kim's words, treven was a perfect son. >> reporter: there was also 34-year-old jacob johnson whose family said he finally found his path. sarena dawn moore. 59-year-old kim dietz, and the dplrk professor, 67 freerld lawrence levine. another student in that classroom was chris mintz, who's now being called a hero. the 30-year-old army veteran ran toward the gunman in an effort to stop him. he was shot sev

> reporter: there's been so much uncertainty here for years, but mayor de blasio anoungsed that blackstone group has bought the village, but under one condition, that 5,000 of the 11,000 apartments here remain affordable housing for the next 20 years. it is the largest apartment complex in manhattan, occupying 14th through 23rd streets. it was built after world war ii for returning veterans and many of the residents we spoke with this morning tell us they've grown up here. they've raised their families here. there's been a lot of speculation about what would happen to the rent prices if the complex sold. one resident who's lived here for 50 years, he showed me around earlier and tells me he paid $1600 for a two bedroom, way under market. others are already getting priced out. >> we're probably going to move because it's becoming $5,000 a month. 60 grand a year, kid going college. >> we can now say to thousands of hard-working people, thousands of families in peter cooper, your future is now secure. you'll be able to afford your housing for the long haul. and this community will continue to

would try to block roads, scott, his motorcade came and went without disruption. >> pelley: john blackstone for john, thank you. there were two more deadly shootings today on or near college campuses. a student was killed at northern arizona university in flagstaff after a fight broke out in a dormitory parking lot. three other members of his fraternity were wounded. an 18-year-old student is under arrest. and at texas southern university in houston, one student was killed and another injured when shots were fired at a housing complex near the campus. at least two people are in custody there. a father who lost his five-month-old daughter to gun violence vowed today to get justice. you'll hear his voice against violence in our special series a little bit later in the broadcast. today, the obama administration gave up on a key part of its strategy for fighting isis in syria. it is dropping the project to train an army of moderate syrian rebels to join the fight against isis. the u.s. spent half a billion dollars only to discover that the rebels don't want to fight isis. they want to fight the

betty: how does this fit into blackstone's real estate portfolio?lackstone has tremendous success in raising money for its real estate funds. this move into new york city residential is pretty new. they just made their first acquisition in the area last month. groupray, the head of the , he was speaking here and said they are focused on the residential rental market here. i guess this is the big play he was -- he was hinting at. they are the largest private equity real estate business by our. betty: and the largest owner of single-family homes as well? sarah: yes. betty: is this a turn for them, they go into multi family? the idea isnk people will continue to rent, whether it is a single-family home or multi-family home. the theme is the same. that people who may be struggling to all of y for a mortgage or cannot afford to buy in places like new york and miami, they will still need to rent homes. betty: that makes sense. stuyvesant town has a storied history in manhattan. walk us through what happened in 2006 and why it was a disaster. blackrock bou

president obama went there today, and here's john blackstone. >> reporter: the protesters gathered at the roseberg airport carrying both signs and guns, a potential nightmare for the secret service. alan montgomery made no attempt to hide his holsters. is this part of your statement here the fact that, as i see it, you've got a couple guns on me? >> well, it's not necessarily a statement more than it is just my right. >> reporter: as the president's helicopter arrived, many shoid their distaste for his call for more gun control. >> obama, go home! >> reporter: the white house has indicated the president is considering an executive order that would require more gun retailers to conduct background checks. in spite of the killings here, that remains an unpopular position in this part of oregon. sally teleford is a gun owner. >> the second amendment says no infringement. that means no-infringe-ment. >> reporter: anybody can have a gun, even somebody with mental problems? >> yes everybody can have a gun to protect themselvess. you can't just make us get a background check because somebody

john blackstone spoke to the father of one student who barely escaped. >> reporter: at new beginnings church pastor randy scroggins speaks often about salvation but his story of a life saved today was particularly personal. his 18 year old daughter lacey was sitting in the front row because she survived the ting in her collcollege classroom. >> then lacey remembers a huge bang close to her head. she said "daddy, my ears started to ring. i couldn't hear. i didn't even know what was going on except i knew this." >> reporter: next to her, 20- year-old treven anspach had been shot, his body fell across her, his blood flowed over her. >> she thought she was going to die. >> i said what were you thinking at that time. and she said daddy, number one i started to pray. and i knew i was dying today. i knew this was my last day. and he said get up, get up, and she was froze to the floor. she played dead. he crossed over lacey and shot the next one. i believe with all that i have that the blood of treven saved my little girl. >> reporter: there was another survivor, apparently given a message by

john blackstone, cbs news, san anselmo, california. >> that's the "cbs overnight ws" for this tuesday. for some of you the news continues. for others check back later for the morning news and cbs this morning. york city, i'm scott pelley. >>> welcome to the overnight news, i'm michelle miller. there is a major shakeup in the race for the republican party presidential nomination. donald trump is no longer the clear front-runner at least not in iowa. which holds the first in the nation caucuses february 1. a cbs news poll shows a dead heat, trump and ben carson both at 27%. but a monmouth universy shows carson with a wide lead. 32% to 1%. 32% to 18%. amid the new numbers, thingsgsre major garrett takes a look. >> reporter: confronted with three polls showing him trailing ben carson in iowa, donald trump went on the attack. >> by the way, carson is lower energygyhan bush. i don't get it. i saw him being interviewed. he is lower energy than bush. >> reporter: that was today in new hampshire. this was friday in florida. >> donald trump has fallen to second place behind ben carson. we infor

>> reporter: for cbs this mornin, john blackstone, los angeles. ever since darryl's wife started using gain flings, their laundry smells more amazing than ever. (sniff) uh honey, isn't that the dog's towel? (dog noise) hey, mi towel, su towel. more gain scent, plus oxi boost and febreze for 3 big things in one gain fling. hey buddy, let's get these dayquil liquid gels and go. but these liquid gels are new. mucinex fast max. it's the same difference. these are multi-symptom. well so are these. this one is max strength and fights mucus. that one doesn't. uh...think fast! you dropped something. oh...i'll put it back on the shelf... new from mucinex fast max. the only cold and flu liquid gel that's max-strength and fights mucus. start the relief. ditch the misery. today you can do everything in just one click, even keep your toilet clean and fresh. introducing lysol click gel. click it in to enjoy clean freshness with every flush. lysol. >>> plastic surgery and other cosmetic procedures are not only the rage in south beach and l.a., they're also big b

>> reporter: for cbs this morning, john blackstone los angeles.pers cruisers with three extra absorb channels. it stays drier and doesn't sag like others. so dance, however you want! in new pampers cruisers >>> plastic surgery and other cosmetic procedures are not only the rage in south beach and l.a., they're also big business in asia. doctors in south korea for instance performed more than a million procedures last year. there are only 50 million people in the whole country. cbs's seth dome is there. >> south korea is a trendsetter here in asia setting the tone for everything from k pop to soap operas to yes plastic surgeons. now south korea is offering a 10% tax break for tourists who are inclined to go under the knife. to walk down the street take the subway in seoul, is to be bombarded by commercials for plastic surgery. and even some real life examples. turn on the tv it's there too. this show's formula. music accompanies someone presurgery and crescendo during the procedure to until finally a dramatic reveal. even a digitally produced befor

a loss that is wider than anticipated for blackstone.utures are up across the board after european markets at their first gain this week. asian markets rising overnight because of the bad economic data we had worldwide yesterday. that means the fed may take longer to raise rates. bad news is good. bets on rate increases continue to fall lower and lower. we are looking at a 25% chance that the fed will raise rates before the end of the year. much more likely next year now. take a look at gold. gold continues to rise even as fed bets raising rates are off the table. the reason is gold does not pay any interest. people have been shorting it into the idea that they will get more interest from other investment. when they don't, you saee it going through its 200-day moving average. david: it is true, walmart suffered its first stock decline -- worst stock decline in 20 years. stephanie and i spoke with doug macmillan on the floor of the new york stock exchange yesterday on why he says he believes in his company still. >> part of what we announ

>> reporter: for cbs this mornin, john blackstone, los angeles. flings, their laundry smells more amazing than ever. (sniff) uh honey, isn't that the dog's towel? (dog noise) hey, mi towel, su towel. more gain scent, plus oxi boost and febreze for 3 big things in one gain fling. it's our best gain ever! dayquil liquid gels and go. hey buddy, let's get these but these liquid gels are new. mucinex fast max. it's the same difference. these are multi-symptom. well so are these. this one is max strength and fights mucus. that one doesn't. uh...think fast! you dropped something. oh...i'll put it back on the shelf... new from mucinex fast max. the only cold and flu liquid gel that's max-strength and fights mucus. start the relief. ditch the misery. let's end this. today you can do everything in just one click, even keep your toilet clean and fresh. introducing lysol click gel. click it in to enjoy clean freshness with every flush. lysol. start healthing. ♪ yeah, click >>> plastic surgery and other cosmetic procedures are not only the rage in south beach

people familiar with the matter say kkr, tpg, and blackstone have been expressing interest.aroundewing woolworth's $1.1 billion. -- valuing will worse around $1.1 billion. w bead: would selling big enough to stabilize all of this? certainly help. they have been having some well-publicized difficulties. share prices up today but your to date, down 13%. in august, when in august -- when they announced results, they revealed a drop in sales. woolworth's struggling with the core business, fighting stiff competition from kohl's. beyond this, there is another store which often pops up in local media. a chain of home improvement stores. that has been struggling against bunning's, and ill-fated venture into home improvement which has been hanging around will with -- woolworth's neckline can apple albotros.n as to when it is going to stepping down. when the new man or woman is in charge, it seems things will move swiftly from there. rishaad: thank you very much. looking at the retail space in australia right now. scared away by the mers outbreak. southey returning to korea? we will f

john blackstone is there. >> reporter: ia locked pen at a wildlife hospital near san francisco, a duck named juanita is tied up in red d pe. meanwhile at bello gardens assisted living center residents are campaigning toin freedom for juanita. i want that duck back. >> reporter: norma,manning misses having juanita in the backyard. >> she was just a nice pet. everybody loved her. >> reporter: juauata arrived two years ago an orphan duckling. the cook, walter paredes fed her back to health and she quickly came part of life hehe. neysa hihion. >> the staff built this area for her put the pond in and the water fall. >> reporter: one day in septptber, juanita wandered away. someone found her and took her to wild care a local animal hospital. that's where the red tape started. she ts checked into wild care. all of a sudden she belongs to the state of california. not to wild care. in this situation, unfortunately, not to bello gardens. >> wild care insists giving the duck back wod be a federal offense withire consequences. >> we would loseseur license. government would close you down if you ga

erik: if you're comfortable doing this for a firm like blackstone, are you as comfortable doing leveraged buyout's? : we are not doing that. that is not a big part of our business. in fact, there are some restrictions from the regulatory perspective, but we are not doing that. we passed on a lot of that leverage activity ears ago when it was very popular in our industry, and a lot of people were doing it. we passed on a lot of that leveraged activity years ago. : the three businesses that you have occurred, commercial real estate assets, railcar leasing. how much do a choir in total? : billions. these were the same customers, people we knew. we love the business. the rail business is a bolt on. we had a similar sized business, and it makes us more effective and efficient. most recent finance, we had similar businesses, but here was ge, a well-respected company, champions and leaders in these businesses. that and move forward on their legacy. they have been in that business for decades. we love those kinds of businesses. of the business is sold, what else did you take a hard look at, and w

headlinesome other this morning, blackstone is the latest to come out in support of china.eos need sportsmen's as this by the obvious slowdown, humor demand remains strong among the middle class. it has stakes in real estate and the consumer sector. >> whether it was hard landing or read action, i do not think that is going to happen. yvonne: twitter founder jack dorsey has officially bowed to the pressure and will return as full-time ceo. he will also maintain charge of square. it is said the strengths outweigh any of the concerns. he is seen as defined in the company. critics say it is impenetrable and confusing, and it has also struggled to retain users. stock has tumbled more than 20% this year. and glencore seems to be bouncing back from its nightmare week, the shares rallying in london after analysts had becerns that were found to unjustified hit the stock rose 21% in london and as much as over 70% at one point in hong kong. it has recovered it losses up this. plunged a week ago. investors, reassured saying glencore has secure access to one's to counter the fall in co

john blackstone is there. >> reporter: in a locked pen at a wildlife hospital near san ancisco, a duck named juanita is tied up in red tape. meanwhile at bello gardens assisted living center residents are campaigning to win freedom for juanita. >> reporter: norma manning misses having g anita in the ckyard. >> she was just a nice pet. everybody loved her. >> reporter: juanita arrived two years ago an orphan duckling. the e ok, walter paredes f f her back to health and she quickly became part of life here. neysa hinton. >> the staff built this area for her put the pond in and the water fall. >> reporter: one day in september, juanita wandered away. someone found her and took her to wild care a local animal hospital. that's where the red tape started. she gets checked into wild care. all of a sudden she belongs to the state of california. not to wild care. in this situation, unfortunately, not to bello gardens. >> wild care insists giving the duck back would be a federal offense with dire consequences. >> we would lose our license. >> reporter: the federal government would close you down

we got blackstone the latest to come out in support of china. chief executive says despite the obvious slowdown, consumer demand remains strong among the middle class. blackstone owns shopping malls in china and has stakes in real estate and the consumer side of things. >> i think there's been almost a panic regarding china, you know, whether it was hard landing, whether it was recession. i don't think that's going to happen. >> tenants getting the upper hand in singapore as rental rates there posted their first quarterly drop since 2012. average monthly gross trends in the central business district fell around 4.1% per square foot at least quarter on quarter to the end of september expecting rents to fall as much as 7% this year. any further 8% in 2016. apple has bought a startup that specializes in image recognition. terms of the deal have not been disclosed but it is developing echnology that runs artificial intelligence applications without user data. the government may buy back its shares after sales of new smart phones and the loss of almo

anyway, this was a missed chance, why did they not do it, because of blackstone and a sovereignty. the other reason -- we don't need to do it. we can just send an army over there and squash those son of the guns, like that. and that is what we are going to do. why should we compromise when we have the military power to resolve this decisively? and that is the reason there is no turning back after we get to the battle of bunker hill. they have moved in a military direction. the troops are getting ready to come. and in the summer of 1776, which we are now entering, on may 15, 1776, just about six weeks after abigail since her letter, john writes this thing, this prelude, to a request to be sent to all the colonial governors. if you read the request, it has certain language in it which sounds sort of like the declaration of independence. we have been patient. prudence dictates. it says, each colony should now begin the process of rewriting its colonial constitution, from a colonial constitution to a state constitution. this, is the referendum -- a de facto referendum on independence.

. >> the blackstone? >> the blackstone. i think nelson is correct, the direction ge is heading in is direct. they are a very well operated company, one that has been an absolute though your and the way they have allocated capital. if you look at their venture into -- and eventual exit, their entrance into the world of gas -- the gas and rich -- the gas industry, they have not done a good job of the capital. if all they had done is stuck to airplane engines and kind of the court ge businesses and brought backstop and -- brought back stock and paid dividends in 20 years, -- it's similar they've done is used the cash flow and growth and value of the business that comes from the core businesses to make a series of acquisitions that turned up poorly -- turned out poorly. in ge, you have to show your stuff by doing deals and it's really the dealmaking part of ge that has been a problem, not the way the businesses are run. a lot of very talented ceos have come out of ge and it's one of the best training programs for running a busi

john blackstone has more. >> reporter: cell phone video taken off the coast shows the capsized tour boat, only the bow is visible above the waterline. local fisherman like lance arrived as the last known survivors were ferried to shore. >> the coast guard asked us to circle around the area to see if we could find any more survivors or bodies in the water. >> reporter: survivors were taken to this dock where some were treated on scene. 18 were taken to the hospital. another five procedure -- pronounced dead. >> at this time we are a doing our best to account for everybody. we've got great resources out there. this is what we do. >> reporter: owned by jamie's whaling station, it's described as a 65-foot lock vessel with three -- long vessel with three docks, ideal for whale watchers. it was carrying 27 people on the tour. lance says the boat may have been in a rocky area that's home to a sea lion colony. >> there's at any given time a few hundred animals sitting on the rocks there. it's a daily routine for those boats to go in and view the sea lion. i'm guessing it hit a rock or something

>> blackstone steakhouse. >> will you go. and when we come back, we're relationships. is it really -- should we all be married for the rest of our lives, til death to can us part? >> isn't that how it works? >> i don't know. we're going to talk about it with neil strauss and, apparently, there should be an addendum to it. >> there already is, right? >> when he come back. >> in our book club, greg, this one is all about commitment. neil strauss wrote the book "the game" about the secret world of >> the new book is called "the truce: an uncomfortable book about relationships." and by the way, the book -- if we can for a moment be, rosanna, it's designed like the bible. [laughter] embossed. [laughter] hello, neil. [laughter] >> what is up with, i mean, it looks like a holy book. why this? why this design? >> i wanted this to be the bible for people who were struggling in relationships or for people who have problems with intimacy or commitment which are a lot of people based on the ashley madison scandal. >> right. from the very beginning, you get hooked on this book. the