morgan chase bank of america and citi group the idea was that the banks would use their money to loan out to small businesses to hire people again basically to jumpstart our economy or so we were told and the truth is as revealed by senator sanders those loans were merely vehicles to transfer billions maybe annoyance of billions of dollars from you and me the taxpayers directly into the pockets of the banks toure's on wall street or so worked the fed would give a bank like citi group a couple billion dollars at let's say a one percent interest rate then what citi group would do is lend that money they just got from the fed back to the u.s. government treasury at a much higher interest rate so if i asked you to loan me a hundred bucks at a one percent interest rate then next year ought to pay one hundred one dollars but if as soon as you lent me the hundred bucks i turn right around and want to back to you at a five percent interest rate and while i'm paying you a hundred one dollars next year you're paying me a hundred five i just made four bucks profit of course four bucks a small po

for berkshire hathaway now a as the facts are coming out it appears that he was in meeting with citi group bankers just center thirteen and the next day he bought shares in a country called oversaw and in a company called loopers off the day before the citi group bankers understood that they were talking to david so call in his capacity as an officer of berkshire hathaway in a can. yesterday of an officer who evaluates the tensional acquisition candidates for berkshire hathaway that seemed to be their clear understanding and in that meeting david sokol asked for a meeting with the president of lubrizol says so he sought that meeting and on december seventeenth we now find out through bloomberg news that on december seventeenth the city group bankers back to david so that the president of lubrizol you know was going to bring berkshire hathaway's interest forward to the board of directors at lubrizol so it's pretty clear that he had information that the public didn't have that this was a potential acquisition candidate for berkshire hathaway and in the past the stock prices of acquisition ca

we now find out through bloomberg news that on december seventeenth the city group bankers gave feedback to david so call that the president of lubrizol you know was going to bring hathaway's interest forward to the board of directors at lubrizol so it's pretty clear that he had information that the public didn't have that this was a potential acquisition candidate for berkshire hathaway and in the past the stock prices of acquisition candidates of berkshire hathaway have popped up so after all of this go around david sokol is buying shares in lucas all saying that he had an interest in it for his personal account before he met with the city group bankers none of this sounds plausible but what is really harmful diversion hathaway is the attitude taken by charlie monger and warren buffett who have always said that we hold ourselves to the highest standard of corporate governance and we wouldn't tolerate this kind of behavior and the press release looks an awful lot like covering up an excusing insider trading in their press release warren buffett said that it is neither david sokol nor i

the city designed group has worked on a way to make people think differently about streets. ur plazas have been built. parks are springing up across the city. there is fisherman's wharf and jefferson street. we're now looking ed designs for the eastern portions. we have design ideas out for masonic avenue. we're talking about how to accommodate bicycles on the street. we now have the mission streets the plan that was funded by a grant from the state. we worked with the mission residents who articulated a number of first improvements and projects that are already under way and others that we are looking for funding to implement. with that as the back room, i would like to introduce adam will walking through the major ideas of the streetscape plan. >> good afternoon. i am from the planning department's staff. i have a power point. the general plan amendments are before you today. this is a plan we have been working on for three years. we're glad to see it coming forward. i will give a brief background about the plan and talk about specific projects that are in various stages of

earlier, city group closed flat after barely beating expectations. apple is suing rival samsung claiming its galaxy smartphones and tablet, quote, copy the ipad and iphones. at&t has three new lobbying contracts to stop at&t's t-mobile takeover. a lawsuit demanding taco bell stop calling its beef meat has been dropped. taco bell says no money changed hands and it's not changing its marketing or its recipe. keep an eye on goldman sachs. the bank weighs in with earnings before the bell. and they just won't take no for an answer. despite an appeal throw out next week, the winkelback twins now want a special panel of judges to review their claim that they didn't get a fair deal while settle, mark zuckerberg. >> the bruins battle away from bean town and controversy in the world's oldest race. plus, lebron leads the team to a bout against philly. >>> a severe weather outbreak is in the forecast. your forecast is coming up. you're watching "early today." >>> good morning. if you're just waking up, this is "early today." in sports, last night in the nba play

and he's a senior urban design are for the san francisco planning department and manages the city design group and concerns itself with urban design and the public realm and he works on the city street plan. >> thanks christina, it's a pleasure to be here today. and as christina said, we work with the city design group and concern ourselves with the design of the public realm and the street space and that plan we are working on, will probably be released in late may and early june and hope you take the time to look at that. and we are working on plans for other parts, including the mission district that's now starting up and fisherman's wharf and octavia and better neighborhood plan and that's for adoption today and i am here to talk about the pedestrian safety and you may ask why urban designers are here to talk about pedestrian safety issues. and what particular expertise might we generalists bring to the issues of pedestrian safety? when we go to the neighborhoods and talk about the issues that are confronting in the neighborhood, and hear almost every time, it's the quality of the streets

city group downgraded google stock to a hold rating. shares fell about $48 to just under $531, that's an 8% drop. >>> and while their low weighed on wall street, stocks finished higher thanks to reports saying that inflation is holding steady. the dow gained 56 points, and the nasdaq rose 4. >>> a bulk of the meet sold at super markets might be contaminated with drug resistant back tier yachlt half of the meet they examined -- bacteria. half of the meat they examined had strains resisted to antibiotics. cooking the meat to 165 degrees will kill all the bacteria. nonetheless, experts suggest that everyone should be careful in handling raw meat. >>> businesses in san francisco's marina are on alert tonight following 11 burglaries in the past 10 days. the thieves are jumping fences and breaking into back doors looking for cash and small electronics. they have strong leads in the cases, but working with store owners to improve security in their building. >>> a federal official was in oakland today to get the word out about exporting. presid

citi group one of them leading the way reporting some disappointing numbers. some good news this morning according to a poll from the national association for business economics about 94% of economists say the economy should grow by at least 2% this year. we'll see how wall street maybe responds to that. but, again, right now down morning. >>> according to a -- all right. we're going to talk about the movies. rio did really well. >> it did very well. >>> uc davis is mourning the loss of a recent graduate. >>> and homes in texas are evacuated as several fires spread across the state. who's accused of starting one of them. >>> good morning. that truck that was carrying milk that was flipped over has just been rited. but still a big traffic delay on brentwood boulevard. we'll tell you more about this straight ahead. go! go! completing an atm deposit in record time... that's a step forward. go! go! with deposit friendly atms, you can make ultra fast, secure deposits with no slips or envelopes. take a step forward and chase what matters. >>> time now 6:55. the is t

they are targeting amazon, wells fargo, citi group, exxon mobile, fedex, chase and more. >> we had to go into our little savings and the could have up $1,200 and send that to the government. >> reporter: the message at all the various bay area demonstrations is consistant in its criticism of banks and corporations, but the complaint accurate? >> there is some truth to it. >> reporter: this professor says banks and corporations are taking big tax write-offs, especially after the recent economic crisis which is legal and points out companies contribute by creating jobs. >> they have the cash to do so which that cash, if they had to pay the 35% tax. >> reporter: but protesters outside google said being legal isn't good enough. >> we appreciate the revenue, but at the same time, we also contribute to the economy and we would like them to do so. >> reporter: many protesting groups delivered official requests for teens pay taxes. so far, no responses. -- for companies to pay taxes, so far, no responses. >>> if you didn't file an extension, you have just a few more hours to get your taxes in

i know that it has been a deepening of my love for the city because of all the different groups that our city has, that it encompasses, that it represents. so it has given me that much more energy, even though i have thousands of meetings, it feels like, every week, every handshake, every praise, acknowledgment about how important the office of the mayor is is reflected in all of the people that have given the good wishes. we want everyone else included in this celebration. we want to make sure that everything that we do represents an opportunity for everyone to share. when i talk about our chinese families, the celebrations we have, i often mention, our strong values of family. in this city, we want to redefine that as a larger family of the rest of the city. so that is our contribution. i want you to celebrate with me this joyous week. actually, it has already started, as you know. it culminates in a big parade. i want everyone of you out there, rain or shine, because i will be throwing candy out to the kids. this is a wonderful city to live in, do business in, to work in. for all o

bank of germany borrowed three hundred fifty million at the fed discount window two days later citi group j.p. morgan chase bank of america and rocco via each received five hundred million dollars now banks only go to the discount window when they're in serious crisis and they're facing a liquidity crunch thus began gretchen morgenson says the bank run that set off the financial crisis of two thousand and eight so in retrospect it was set off by mexican drug gangs the ending of the money laundering via the banks without that access to liquid cash they froze up because it turns out it appears that drug money was the only cash in the system americans don't have jobs nobody we'll have brits only have debt there is no cash there's no liquidity there's only crime alright so we covered the story at the time and we've certainly talk about this and we saw a suspected it and we said the the crash of two thousand. thousand and eight the only way that the wheels of global banking system started turning again was that the money was released by the drug mexican drug lords but what we're saying today i

the american people so as corporate america i'll tell you how corporations like bank of america citi group and exxon mobil are cheating the tax system and making off with a billion plus in their field hopes of a government shutdown down the drain will be the g.o.p. use the two thousand and twelve budget as their new spin on the white house presidential seat. you need to know this there's a secret the paul ryan of the republicans who are arguing for even more tax cuts for millionaires and billionaires frankly don't want you to know about. it's a secret that every republican president since ronald reagan and even to a certain extent bill clinton didn't want us to know about and that secret is that supply side economics that we sometimes call trickle down economics or reaganomics doesn't work in fact it only works to do one thing create a massive wealth inequality this screws over ninety eight percent of us and rains down money on the other two percent we use that extra cash to speculate on wall street and crash our economy supply side economics has never ever worked anywhere it's ever been t

city group beat wall street expectations earlier this morning. it also ge and mcdonald's.e earnings have been disappointing. homebuilder said the men and it out today. sentiment--a survey from the association for business economics says the economy is gaining strength is paid unrest around >> reporter: love and jealousy is the motive behind the shooting in san leandro. >> reporter: i'm at they featheg happened here in the parking lot a man and his crew from reading side of the restaurant at 11:00 p.m. saturday night, the ex- boyfriend showed up, the ex- boyfriend and the current boyfriend got into an argument outside in the parking lot. that's when things got heated. the ex-boyfriend took out the gun and shot the current boyfriend four times. the victim is in critical condition. the ex-boyfriend has been arrested. >> reporter: santa cruz police searching for two men suspected in attempting to kidnap a girl. milbury and grant street, the driver of the burnt orange color to cargill led a 16 year-old girl to get inside. she ignored them. when police arrived they could not loc

the mark the fifth straight quarterly profit to read of city group.of the band antebellum money. people are starting to clean up from the killer storm system that has killed more than 45 people, leaving a line of destruction of across six states. >> reporter: cleanup efforts get underway today following a wave of storms that ravaged the south. yesterday, it was all about rescue, anybody there might be available starting today, we're going to go into recovery mode. >> reporter: it destroyed buildings, uprooting trees, tossed cars, trucks from the killing more than 40 people across six states. from oklahoma to virginia. strum prediction center say they received 230 reports, some are likely settings of the same twister. north carolina was a hard hit, a least 22 people killed, yesterday the governor toured some of the damaged counties. >> i've seen a lot of damage, this is the most catastrophic never seen. >> reporter: they'll have their work cut out for them today as the help the displaced and restored to power to hundreds of thousands of people. estimat

francisco and lower job standards and destroy small businesses and the neighborhood of our city. >> the groupsimilar events in los angeles, seattle and other u.s. cities. >>> you heard the phrase don't make a peep? we're making peeps. those marshmallow pink, yellly bunnies and chicks. mike asks why you can make them when you can buy them? because we can make you make them. >> reporter: i did. this is a big time for people's and there could be a run and then what do you do, well, my peeps, here's what do you. >> what's that? >> it's a peep. >> reporter: it could be the most recognized yellow thing on earth. >> i love them. >> i think they're like some chewing crunchy sensation at once. >> reporter: you love them, hate 'em. >> they are amazingly gross. >> reporter: but they sure fly off the store shelves this time year. some stores sell out. then what? well, you can make them at home. well, can't make them at home but gretchen can. she is our office gourmet diva. she makes the greatest stuff for the office. all right, my peeps, let's get started. >> first we are going to take some water, a thir

the companies including san francisco based wells fargo and citi group and u.s. bank and hire auditors to determine if they wrongly foreclosed on any other customers in 2009 and 2010. >>> the preliminary cause of death of an inmate who died in custody. william robling died from artery disease and an enlarged heart. the napa sheriff's department says he died monday night after being subdued by staff members following a fight. earlier this year, workers at the hospitals were demanding more security because of a tax on employees. cal osha released their findings. it is now fining the hospital $100 thousand for several deficiencies, the lack of inadequate alarm systems and an ineffective injury and illness prevention program. the hospital has until may 15th to correct those violations. calling on governor to push for immediate improvements. in a letter yesterday, state senator wrote it is time we have laws, regulations, and on- site practices employed that reflect this new reality for our state hospitals that is a far cry from the mission when napa state hospital was

it would have made it difficult for cities and groups to buy their own power rather than forced to go through pg&e. >>> he changed the middle east forever. this morning he's in the bay area for the first time. the symbol of israel's leaderless area. he outmaneuvered the military through social media and kids on keyboards. from tahrir square, he is visiting the bay area. >> reporter: he became world famous for his work in egypt. we caught up with the goog p executive during his visit to silicon valley. >> everyone went to tahrir square and other places in egypt. what happened was they realized they are all human beings despite their differences. >> reporter: he sat with us to talk about the revolution. he was captured for 12 days. they forced president hosni mubarak to resign. >> we wanted to send the right message that what you are doing is wrong. we wanted to send a message to the people, don't believe the propaganda. a free society is always better. >> reporter: he's still at work to change his country. you say you are willing to set aside your career at google to focus on egypt? >>

two-thirds of the city's budget rests in the several dozen groups of i.t. throughout the city. that is not how an efficient organization should be structured. your centralized i.t. groups should have at least a majority, if not two-thirds, of the system. we have the exact opposite ratio. i am looking at savings that we can find from all city departments, particularly the major departments. we cannot go in this direction of allowing individual i.t. groups to continue to do business as usual. this is not how we have to work at this time. given the advances in technology that should be driving down costs. >> thank you. given the comments you have made, -- supervisor chu: thank you. given the comments you have made, it would be worthwhile to look at these improvements again. john and i have had conversations about where the other opportunities might be on master contract savings. in addition to other potential savings for telecom. i think to the point of supervisor chiu, we would not be where we are without the staffers on reserve. supervisor murphy? -- supervisor mirkarimi? supervi

tivo, city group, td ameri trade and best buy are some of the countries whose information was stolen by hackers who broke into the marketing company. students for the board may also be effected. right now it's not clear how many people's e-mail addresses were stolen. >>> all right. time to go back to sal to check in on traffic. how does it look? >>> looks okay right now. all over the bay area we did get a couple of new things. first of all go outside and take a look at what we have now with a look at highway 24 westbound. looks okay coming up to the pay gates there -- sorry, to the tunnel. no major problems there coming up through the oakland area. also the morning commute looks all right if you're driving at the bay bridge toll plaza. that traffic is moving along nicely. no major problems coming in to the city. i want to mention that if you're driving on the in the meantime freeway southbound and northbound 880 traffic is getting busier by the minute. and now there's a new crash westbound 92 at mariner's island boulevard which is just off the san mateo bridge. looks like they're sen

catholic schools in philadelphia which provide very good educations to a largely non-catholic inner-city groupof students at a very, very low cost. >> host: they're allowed to expel kids. to have to take every kid. >> guest: i'm just saying there's always -- it's not just an excuse but there's a rationale that feeds into which you yourself would say to is one of the ways in which the system can perpetuate itself which is as the fabians believed, the british socialists, you never achieved the perfect society, and, therefore, the continued application of the ideas that are supposed to lead you to is what will eventually lead you to the. so if you're not spending enough money and a school system, spend more. if you're not taking, if you don't have come if there's income because and upon is taxation levels by your standards, too low, tax more. danger can therefore lower income inequality because it you haven't tried hard enough. >> guest: here's why they can't. they all have cell phones. they all notice over the last 30 years they went from being a toward familiars that cost $10,000, has become ub

catholic schools in philadelphia which provide a very good education to a largely non-catholic inner-city group of students at a very low-cost. they are allowed to expel kids, they don't have to take every kid. >> host: it's not just an excuse but there is a rationale that i think feeds into what you yourself would say is one of the ways in which the system can perpetuate itself which is as the syrians believe, the british socialists, you never achieve the perfect society, and therefore the continued application of the ideas that are supposed to lead you to it is what will eventually lead you to it. if you're not spending enough money in a school system, spend more. that's the answer. if you don't have -- if there is income inequality and the problem is the taxation level is by your standards too low, tax more so you can therefore lower income inequality because you obviously haven't tried hard enough. they couldn't believe that because they all have cell phones and over the last 30 years they went from being millionaires that cost $10,000 in 2010 has become ubiquitous, cheap, free in many case

standards enforcement, the puc, the mta, to work closely with contractors, to work with the city build group -- that's the kind of work we need to see the real implementation of a local higher. i'm very hopeful. i feel very confident we will have very meaningful experiences for all the parties involved, from the workers looking for work to the contractors will be building, to the city departments to make sure we have the best services that we can have in san francisco. i'm so gratified and exciting we are doing this right. i look forward to all the folks continuing to work on this effort in the years to come. thank you very much. [applause] >> next, i would like to introduce supervisor campos. supervisor campos: thank you. good afternoon. i will be brief. welcome to district 9. makes sense that this amazing project would happen here. thank you, mayor lee, for making this a priority. from the beginning, you made it clear that this was at the top of your list. thank you, supervisor avalos, for your amazing work. thank you to the community partners. thank you for labor for working to make this

city spends. this is what dcyf stands by age group. if we can hit one that shows what the city is spending by age group. >> we would be happy to work on putting something like that together for you. >> thank you very much. if there are no other comments or questions, can we move to continue this item to the call of the chair? without objection. >> item number3, hearing to receive an update on the department of public health's budget for fiscal year 2011- 2012. >> thank you very much. we have barbara garcia. >> we appreciate all the work we have been doing trying to be as transparent as possible including all of our partners. i wanted to start off by showing -- creating a general fund map which is one of the largest apartments with some of the largest general fund. just to go over a minute, our budget as a whole under the appropriations category. >> do you have any presentations? >> yes, we do. under the appropriations of the budget, 1.4 billion. our jarrell fund is up 108 million. -- our general fund. a total realignment with 545 millio

antitrust regulators giving southwest the go-ahead to buy air trans city group is planning to wrap upmployees. >> darya: first gas prices, now at the price of copper a. it is biased it's been in nearly 30 years. will tran explains why. >> reporter: higher coffee prices but for now at least they're holding steady. don't be surprised if you come here you might get your favorite cup for a little more than used to pay. here's the reason supply cannot keep up with demand. just like they're consuming more gas china, india creating more coffee. the huge coffee producing companies cannot keep up for the world's needs. add to that bad weather in the world second leading producer of coffee which is columbia, new have higher prices for coffee. the last time it was this high was back in 1977 experts believed it could take another two years for supply to catch with demand. >> darya: we want to get a look at the weather things are starting to warm up. >> james: here's a quick look in san francisco things are looking good this morning. kind of breezy let's break down what we expect. clear, cool, pea

another deputy in the city performance group and i direct the health and human services portfolio including the non- profit program. that particular project, it turned out a couple of months ago that hsa no longer needs that analysis and have moved forward and adopt a contract management system that is actually a great outcome. we thought we were going to need some analysis around that, but we are not going forward with that project after all. while it was related to our on going profit monitoring and understanding performance, it was not otherwise related to that. we have a very robust program working with not profits, improving accountability, setting financial standards, building their capacity, and helping the city have consistency and better information