like a longer term recession what this could do if a lot of cities go bankrupt is hurt the banks citi group is massively exposed to a lot of this stuff but it would take a little arge number of cities going bankrupt to cripple one of the banks and so in if you a citi group which owns the most of the stuff they're partially owned by the treasury department treasury is going to step in there and bail out bill them out so i don't think that a massive debt and one hundred cities going bankrupt would spill over into the economy the same way the subprime would but we would feel the effects almost the same in that you're going to have all these services cut off you're going to have wall street with credit tightening up and so anything that is starting to trickle out to small businesses that's going to tighten up so it could it could feel very some one thousand so lovely i just can't believe it. thank you so much for joining us are you coming up tonight. takes us to millinocket name it's a town that's been hard by china's overwhelming labor force by globalization of the superintendent of schools ha

we're watching the treasury department is planning to sell city group holdings for their common stock in the government will end up turning up a $12 billion profit on the 43 billion they invested in city group. chrysler's launch production of a chrysler 200 and they have a new engine to look and hundreds of other design changes to lure back customers. >> robert gates is visiting afghanistan today he will meet with top military. it is to thank the 100,000 troops serving in the war he will be looking at how things are going and the imam, administration is seeing if it can reach its goal of pulling out some forces in july. >> mt. tam this early tuesday morning some fog showing up around the bay breezy here at 2,500 ft.. [ mom ] my son only wanted one toy this year. i want a robosan 4000. [ mom ] the one no one could get. toy stores are reporting long lines and empty shelves. a robosan 4000. [ mom ] and i mean no one. so i did most of my holiday shopping on citi specials. with the money i saved, i bid online -and got exactly what he wanted. -a robosan 4000! [ television ] introducing the

you like city group. this thing had been left for dead a long time ago. now one of the most actively traded issues, but still below arrest 5. what's the catalyst and hats the price target? >> well, i think $10. this is more than a double, tom, when it comes to citigroup the c.e.o. is expanding into the emerging markets, he's making inroads there and also their credit card quality, the chargeoff, bad loans, all improving across the board, and their competition is gone, right. there's no more wacovia, and no more lehman brothers. so they own the market. there's -- >> tom: let's look at your 2010 picks. december 30 you laked teva pharmaceuticals, down 7%, g. o. i. up almost 54%. apple up 54% and goldman sax the same price a year ago. do you like this quartet? >> they are still excellent. you should also be beating some teva right here, it's only down because of concerns that their big blockbuster drug could go off patent in 2014. and all of them are buys, and apple as you may know i've seen going above $400 a share. >> tom: a minute left, i want to get to a

for the second day in a row in jamaica rolls royce group drove up one point seven percent of the citi group graded the firm to buy from hold portugal's government bond ratings have been put on review for possible downgrade by moody's which cites the country's weak longer term outlook. for the nikkei and one thing ended up one and a half percent higher today recovered from yesterday's two months on investor sentiment the bulls is undervalued it's not just for the half percent this year compared with over sixteen percent for the m.s.c.i. index of asian markets outside. markets here in moscow a holding on to the morning's games has raised yesterday's losses it's up point six of a percent. telecom is higher all reports it's part of a console to buying cable t.v. operate a national telecom for one point four billion dollars energy stocks are also growing after russia raised its full cost for your rules blend oil next year from seventy five to eighty one dollars. more so there goes his game of reporting a three fold increase in earnings for the first nine months of the year. russia's once again b

scotland at a deal e three percent and you make a rolls royce group was also up two percent after citi group upgraded the firm to buy from hold investors meanwhile shrugged off news that portugal's credit rating may be more word by moody's investor service. and markets here in moscow are holding on to morning against the r.t.s. who has raised yesterday's losses and is now up half a percent ross telecoms up on reports it's part of a consortium buying cable t.v. operator national telecom for one point four billion dollars energy stocks are also growing russia raised its forecast for your roles and oil next year from seventy five to eighty one dollars a barrel and most of them go continues to gain up to reporting a three fold increase in earnings for the first nine months of the. now the state deposit insurance or. he has he will pay out more than four hundred eighty million dollars in two thousand and ten to compensate creditors of collapsed russian banks meanwhile the central bank has withdrawn the licenses of several banks these include don't bank which is part of a group of financial instit

gaining for the second day in a row engine make a rolls royce group has driven up two percent of the citi group of grated the firm to buy from hold portugal's government bond ratings have been put on review for possible downgrade by moody's which cites the country's we no longer term outlook both the nikkei and hang saying ended up one the half percent today in asia same with convert from yesterday's two months low on investor sentiment the forces on the valued just four and a half percent this year compared with over sixteen percent for the sci index of asian markets outside japan. monkeys here in moscow holding on to the morning's gains the old ts has now raised yesterday's losses it's not point six percent telecom is up one report is part of a console to buy cable t.v. operates a national telecom a one point four billion dollars energy stocks are also growing off the russian raises for cost for your old glendora next year from seventy five to eighty one dollars of barrel a must in a good continues to gain after reporting a three fold increase in earnings for the first nine months of the year

scotland added nearly three percent engine make a rolls royce group was up two percent after the citi group upgraded the to buy from hold investors meanwhile shrugged off news that portugal's credit rating may be lowered by moody's investor circles and the russian market's been into the trading day in the black with most of the blue chips gaining. its point nine percent higher atomizer was up over half a percent the caller was off on reports it's part of a consortium buying cable t.v. operator national telecom for one point four billion dollars energy stocks also growing up to russia raise its forecast for your next year from seventy five to eighty one dollars a barrel and most will never go finished in the blackout for reporting a three fold increase in earnings for the first nine months of the. now platinum has been a strong performer in two thousand and ten deliver. being a fifteen percent return for investors desirable as jewelry useful in industry many factors have driven the price forward it's a trend that said to continue in the coming twelve months that's according to my knowledge l

of scotland group added nearly three percent and make a rolls royce coopers up two percent up to citi group upgrade at the firm to buy from hold investors meanwhile shrugged off news that portugal's credit rating may be lowered by moody's investors so it's. markets here in moscow holding onto earlier gains the r.t.s. is point seven percent higher this hour telecoms up on reports it's part of a consortium buying cable t.v. operator international telecom for one point four billion dollars energy stocks are also growing after russia raised its forecast for euros blend oil next year from seventy five to eighty one dollars a barrel and also their growth continues to gain after reporting a three fold increase earnings for the first nine months of the. platinum has a strong performer has a strong performer in two thousand and ten delivering a fifteen percent return for investors desirable as jewelry useful and industry many factors have driven the price forward it's a trend that's set to continue in the coming twelve months according to. senior trader at atic capital. platinum going it's twenty el

for a second day in a row engine maker rolls royce group drove up one point seven percent off the citi group upgraded the firm to buy from hold but portugal's government bond ratings have been put on review for possible downgrade by moody's which cites the country's weak longer term outlook. both the nikkei and hang saying ended up one and a half percent higher today recovering from yesterday's two months low on investor sentiment that the bulls seized on the value it's not just four and a half percent this year compared with over sixteen percent for the m.s.c.i. index of asian markets outside the. markets here in moscow holding on to the morning's gains we all ts has raised yesterday's losses it's up point six percent to my six slightly down both telecoms up from reporters following part of a consortium cable t.v. operates a national telecom for one point four billion dollars energy stocks are also growing of the russian raised this forecast for your rules next year from seventy five to eighty one dollars a barrel a month and there has gained after reporting a three fold increase in earning

the treasury department says it plans to sell its remaining holdings of city group, turning a profit of $12 billion. chrysler has launched productions of the chrysler to hundred and the dodge avenger. they'll love the looks, engines, hundreds of other changes designed to lure back customers. he was an unwelcome surprise of the gas pump, prices at their highest level that we've seen in two years, national average of $3 a gallon by january. aaa said the national average was 295, around the bay $3.25. the government says it will need to check more than $1 billion worth of new $100 bills because of production problems that have left unwanted creases in many of those bills. they're trying to determine how much want to be destroyed most of the bill should pass inspection in be placed in circulation it didn't originally set scheduled for february and new date will be sai said. if you're now received a flu shot you'd better get one now that's a price for the center disease control and prevention. they found that only about one-third of americans are vaccinated. so far, the flu season has bee

her name is juanita martinez and here from an organized city college group that is transgender latinas at city college. and she's here to tell you -- here to express her support for david campos as interim mayor. and also to get your unconditional support for her group. thank you. also going to try to translate one more. david campos, you can jump in if i'm messing this up. my name is jorge. and i'm in agreement. >> i'll try and practice my english now. i remember many face of you before i was a supervisor. i remember when many of you walking on the street, walking in the store, walking in dark doors for the both. this is a very serious moment. many of you leaving this place and come back to the real life. and i think so. this is a big compromise. for this one. we elected many of you. so i think so. you are nothing without us also. thank you. president chiu: thank you. next speaker. >> hello. i'm ed malari. as a mayoral candidate in this audience, i know what it's like to be an official candidate. and i have -- last week i nominated gays and lesbians for the mayor. today i want to see

. >>> san francisco based wells fargo, bank of america and citi group are among banks to try to work with customers to improve service. the number of complaints about banks is rising. most of the complaints are about mortgages and foreclosures. usually credit card problems top the list but they are still second. >>> the royal family gets a royal scare. how prince charles and his wife get a perspective on the british police protest they will never forget. >>> and sexy photos one singing star says you were not supposed to see. and she is fighting to make sure you don't. >>> welcome back to the morning news. in london protestors angry about an increase in university tuition fees attacked the car carrying prince charles and his wife cay mill la -- camilla. the royal couple was rattled but not hurt. no idea if they were targeted or in the wrong place at the wrong time. protestors that have been going on there in england for weeks turned especially violent yesterday as parliament approved tripling university fees. >>> california bans schools from charging students certain fees. it's part o

the ongoing sale for city group stock at a $35 billion estimate will be included in the monthly report for the bailout of said to be released today. >> johnson and johnson is issuing the recall at. it is something you might take. it is a soft chewable raleigh. there were reports that some consumers have found metal and wood particles in the soft shoes and the products that were found, give might of been introduced by a third-party manufacturer, that is how they got in there back in april went johnson and johnson recalled what would it children's tylenol and other pediatric >> >> we will be back, this is a live look at the san jose with lot of clouds and fog entrapping backing up the 11 northbound at the interchange alleges all right now and in some parts we're dealing with fog as well. all agree is at 58 degrees and we're not seeing much temperature this meant getting up to 59 by noontime. the temperatures 2016 and have to 58 by 8:00 hour so bright our satellite and radar is which shows what is light on this morning. be conceivable that the ministers in to the north and we are continui

. >>> well, the treasury department is about to sell the last of its citi group common stock.he government received the stock in exchange for $45 billion in bailout funds. after the sale, taxpayers will have made a $12 billion profit on the investment. and that number's expected to go even higher once the government sells warrants and preferred securities it holds. >>> investors defrauded by bernard madoff could get bank expected to sell off $400 million possibly more. set up a bank in the cayman islands. this is the first international settlement in the case. the proposal still has to be approved by a court next month. >>> it's been off limits for would you believe 30 years. but you may soon be able to go there. why access to one of the most scenic and beautiful spots in the bay area may be opened up, but there are some strings attached. >>> plus we have a warning. live tv captured a dangerous stunt that went horribly wrong. the moment you feel run down or achy nip flu-like symptoms in the bud, with oscillococcinum. get oscillo and feel like yourself again. oscillococcinum, n

well, the treasury department is about to sell the last of its citi group common stock. the government received the stock in exchange for $45 billion in bailout funds. after the sale taxpayers will have made $12 billion on the investment. that number is expected to go higher once the government sells its warrants and preferred securities. >>> let's check in on wall street. wall street tends to be pretty conservative and investors there like what they heard from president obama that the tax breaks will be extended and the numbers are rallying on that. stocks up 80 points for the dow. there's a live look at the big board on the new york stock exchange. 11,442. the nasdaq and s&p 500 also up each almost 1%. >>> the u.s. supreme court will decide if a sexual discrimination suit against the world's largest retailer should be granted class action status. the lawsuit against wal-mart claims female employees were paid less and promoted less often than men who worked for sam's club and wal-mart. a class action status means as many as half a million current and former workers coul

but they also take issue with the city's pricey permitting process. >> the city won't allow any groupo leave a sign or a monument on a city street without personal attendance. >> in other words, a full-time guard is required plus a million dollar insurance policy. >> we're being told we have to meet those conditions that were relaxed for the menorah last year. >> last year the city told one about the permit requirements for the first time but the menorah first went up in 2006. the city ended up issuing the permit without the upgrades. >> lit the menorah for all these years, be there without a guard. >> right. and that was done mistakenly. >> the rabbi and the city say it's too soon to talk about what the holiday landscape will look like next year. in santa cruz, lisa amin gulezian, abc 7 news. >> it's 4:45 now. the fda issues a warning to the makers of a popular device used to straighten teeth. coming up the serious side effects the government says patients are not being warned about. >> more people looking for work and finding it. i'm emily schmidt in washington. what a new report ma

city. the westfield group has been working with san francisco to rejuf yait the metrion. and this store expected to open in mid 2012. >> now, a couple new york city workers have explaining to do after an accident involving a snow plow. a neighbor captured it on videotape. it tried to clear snow yesterday. a tow truck came to the res pew -- rescue. people screaming to stop. they didn't it and gets yanked into a parked car as you can see. and that explorer got pushed into a private vehicle parked in front of it. the mayor promised a full investigation. and maybe new training. >> and sandhya patel keeping an eye on crazy weather. >> and this is outside there is a live picture right now from our camera. there is rain and there you go. there is rain drops on the lens, there is heavy rain beginning to develop. let's go to live doppler 7 hd. i'll show you where the rain is falling now. the north bay is getting hit hard. santa rosa has reported a quarter of an inch of rain in just a matter of minutes. down the street level here, there is eli road down highway 101, petaluma getting

group of people. as you begin to do that it forces the neighborhood associations and the city to really begin to take notice of what you are doing. if you are saying that this is an issue and the people that are not a part of that group are saying it's not that this is the other issue now and you build that momentum and do that work it forces them to say, we have to acknowledge this group or these people and invite them to come in. i guess you have to figure out what that issue is that's not being worked on or looked at our being acknowledges in that group and organize outside of it. >> just briefly, i agree with judy said about the by laws when created metma we set term limits. no one can hold an office for more than 2 consecutive 2 year terms. the reason is you don't want an organization to be with an individual or ideaiology. we have elections every other year. nominations in august and november meeting we have the election. every even year. except for the treasurer we want to keep the treasurer, other than that every officer must leave after 4 years. that, i think is the key poinlt much the other

. >>> an environmental group is sounding an alarm today about a carcinogen found in tap water, including one bay area city. the environmental working group analyzed the water from 35 cities and found most contained the chemical that was made famous in the film with erin brockovich. sanjose was fifth. 130 parts per billion, that is more than 200,000 times higher than safe limb -- limits. >>> new figures show the n ation's birthrate has gone down while the number of women getting c-sections continues to climb. the cdc reports there were more than 4.2 million babies born in the united states. they also report about a third of the births were by c-section and that's up 2% and marks the 12th consecutive year that the number of c-sections have gone up since 2008. >>> now, anti-smoking advocates are in the process of meeting with san jose's city's largest apartment owners to try to get support for the plan. the group wants to eventually petition the santa rosa city council to get this idea on their agenda. the city will already restricts smoking in outdoor patios and in public places. >>> well, the sequel to a n

because of them but they also take issue with the city's pricey permitting process. >> the city won't allow any groupo leave a sign or a monument on a city street without personal attendance. >> in other words, a full-time guard is required plus a $1 million insurance policy. >> we're being told we have to meet those conditions that were relaxed for the menorah last year. >> last year the city told them about the permit requirements for the first time but the menorah first went up in 2006. the city ended up issuing the permit without the upgrade. >> you had the menorah for all those years be there without a guard. >> right. and that was done mistakenly. >> the rabbi and the city say it's too soon to talk about what the holiday landscape will look like next year. in santa cruz, lisa amin gulezian, abc 7 news. >> it's 5:44 now. smokers will soon pay more for cigarettes. the bloomberg business report coming up. >> courage on the track. a local teen's gutsy finish line crawl. take a look. she's really making a mover and this is a race she ran for her sick coach. >> warnings for the makers of a popular de

their rugby world cup which gets on the way in new zealand in nine months time given that the cities and the group of twenty other players were false to train and made full use of the weights room director over of the steve diamond sounds is signed have a lot of work to do ahead of the tournaments where they will face all stray islands and the usa and they will be doing their best to be up for the world cup get some. people got a lot of preparation plumbed. most of it is out of russia because of the weather conditions over the next six months. for his clients that we need to go to the world cup so a lot lots of training camps a lot of planes up ten games before between then and now which is pretty good and then over there we can then go the importance of. that is a small for the moment how website is r t dot com slash sport coming up as the wild weather stay with us. we'll. bring you the latest in science and technology from around russia. we've got the future covered. live not only next to the border but the media. but also on the border of peace and war. they're responsible not only for themselv

the city won't allow any group to leave a sign or a monument on a city street without personal attendancein other words, a full-time guard is required plus a $1 million insurance policy. >> we have to meet those conditions that were relaxed for the menorah last year. >> last year the city talked about the permit requirements for the first time but the menorah first went up in 2006. the city issued the permit without the upgrade. >> the menorah for all these years was there without a guard. >> right. and that was done mistakenly. >> the rabbi and the city say it's too soon to talk about what the holiday landscape will look like next year. in santa cruz, lisa amin gulezian, abc 7 news. >> it's 6:45 now. no plans for jerry brown's move to the governor's mansion but he and his wife took a tour of it. brown told san jose mercury news took a tour to see if it was livable. wanted to see where he lived when his father was governor in the early 1960s. jerry brown lived in an apartment when he first took the office of governor back in 1974 and the soon to be first couple are house hunting in sacram

we don't really have another group like it that takes our good name all around the country and even all around the world. >> reporter: in tough budgetary times for both citiesperiment.jjp>> i think this dç model that could be viable in other communities. the potential's unlimited in that way. it's clearly vital to the next step of what's going to make the arts survive in the united states. >> reporter: in the meantime, the rest of the country will have a chance to see the trey mcintyre project perform when they begin their next national tour in january. >> ifill: just today, the trey mcintyre project's role as cultural ambassador expanded, as the state department named it one of four american dance companies that will represent the country on a 2012 world tour. >> lehrer: again, the major developments of the day: the justice department began legal action against b.p. and other companies involved in the gulf oil spill. president obama's tax cut deal with republicans won senate approval. it goes now to the house. and the senate also forced an end to delaying tactics and voted to take up a nuclear arms treaty with russia. and to hari sreenivasan, in our newsro

owner who was shot by police officers last month, rallied on the steps of city hall alongside a number of community activists. the group is calling oen the city council to demand that the district attorney charged the two officers involved with murder. but police say jones refused repeated orders to surrender and was reaching for his waistband when he was i would. no weapon found at the scene. >>> there are new details tonight about the escape of an inmate. we now know the criminal counts he will face. >> reporter: the santa cruz county da's office is seeking 29 criminal counts against maurice. several counts of assault and battery, removing a deputy's firearm, assault of a stun gun on a police officer, resisting a police officer, second degree burglary, kidnapping, car jacking, criminal threats. all of those are connected to the day police say ainsworth shot a offer with her taser gun and then held people hostage. then he allegedly stole a car, broke into a home and held the residents hostage. he finally surrendered. investigators say they think he faked an injury to make his escape attempt. >>> three months after a g

would have to pay $210,000 in annual fees to the city in order to operate the cultivation site, as well as set up a trust to help community nonprofit groups. the city council is meeting right now to try to find a way to clear up some of the misperceptions about the cultivation proposal and some of the language in the original ordinance. a spokesman for the oakland city attorney says much of what his office has discussed with the council is covered under attorney/client privilege so it can't be discussed publicly, but the spoe spokesman did confirm that setting up a medical marijuana operation of this type could be considered illegal and city council members could risk prosecution. >> there has been no direct communication with any of my colleagues on the council that i'm aware of or myself. >> reporter: from what we understand in this session right now, council members are receiving a report from a legal team that shows some of the legal dynamics surrounding this issue. council member brooks told us she has come up with amendments to the ordinance that hopefully can clean up some of the issues and make this a bit less of a legal time bomb

community has suffered because there was a really strong labor partnership between the city and the community groups to get to work. did you know that over 30% of the workers were from the most economically disadvantaged community and they are so excited to get up on the roof. i don't know how we get it going again but let's find a way to a least talk about it and get it into the plan. this can be a brief solution that we are all waiting for. but the -- to align >> i'm with the alliance for community empowerment. i cannot speak on this but i did notice one slide which focused on a schedule for community outreach. my concern was that most of that was done with the traditional gatekeepers and my question is, whether of being -- and the open forms to have comments on rather than the website order. most of would go to work and we come home and we don't know most of the stuff that has happened. i don't know of there are any open forms will reach out across the city and we will speak about what is happening. >> i think that is an excellent suggestion. >> this means and this is a form for citizens. >> this

city. the west field group has been working with san francisco to rejuvenate.onstruction begins next month and the target store is expected to open in mid-2012. it's 4:56. next at 5 a.m. the bay area is cleaning up after a pounding by a fast-moving powerful winter storm. we're on the storm watch with live team coverage. clear. >> i'm terry mcsweeney live. we're taking a look what the rains did here and what the winds may do still. also concerns about a possible problem with sewage here in marin county. that story in a live report. >> the storm that hit the bay area is heading this morning to rain-soaked southern california. coming up, the race to protect hillside neighborhoods from morÑ ♪

we engage in the eoc's the county eoc's the policy groups for the cities and counties. we are active in san francisco. we as a company can be told what is the priority of the policy folks here the decision makers of where do we turn the power on first? where do we put the gas lines back in place. we are trying work together as a time. prior to here i worked with the california highway patrol i had opportunities to be in many emergencies one that stuck with me i was brought over to a structure during the parade earthquake. i was the sdmacommander for a 1w shichlt i'm trying to go through the cries and fear and concern, one of the things that stood out was what i saw were people from the community from west oakland wanting to help the foeblgs stuck on the structure andment to help their neighborhood. there were rat in a maze. they didn't know what to do but want to engage. the involvement in the community and training is critical for everyone to get back on track and recover from a disaster. stay with it it can be frustrating to energize people to say it's coming when it

he has done, as far as i can see, what every group in the city wanted him to do. i think they deserve to have this project rapidly approved. we certainly need the work. i will not make any bones about that. we need it desperately. but this is the kind of developer we want. i asked you to approve this project. take you very much. >> my name is peter lucas. i am the president of the mission dolores neighborhood association. as you know, the 2001 market street project is a gateway to our neighborhood. within the neighborhood, which is clearly identified in our unanimously adopted historic service we have our first meeting with -- are unanimously adopted historic boundaries. we have our first meeting in 2008. it was an interesting and productive process in the last two years. in that general meeting in 2008 at dolores park church, a lot of people showed up. people did not like the original design of the building. that has been solved now. we now endorsed the design of the building. they were outraged by the fact that the project sponsor wanted to put in a 31,000 squar

than one in town is ready to join them next time so the polls show that in the two big cities most pinsent biggest group support for the demonstrators was some thirty seven percent last week and nationwide the support was nineteen percent parties academy wretch over reporting live for us near red square thanks for the. deeply entrenched on opposite sides of a fragile peace barricade israel and lebanon are fighting a propaganda battle having won the hearts of minds of their own people the two rivals have now set their sights on tourist policy reports some of the attractions are more than authentic. it might not be quite the real thing but it sure brings one up close and personal dozens of tourists flocking to hizbollah strongholds deep inside lebanon at the low we decided to create and develop jihad tourism in order to thwart attempts to distort and falsify history. dubbed pallywood hizbullah land or hamas would these theme parks offer or throw all of their own there were people the danger here is all too real and we try to tell our visitors about real events that took place in this region many stories a