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Dec 23, 2011
12/11
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KQED
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darren gersh takes a look at the challenges facing the u.s. military after iraq. >> reporter: now that the colors have returned from iraq, the military is preparing to make difficult decisions. hundreds of thousands of troops are likely to be cut, and defense analyst loren thompson says that's just the beginning. >> when you go into a withdrawal from a war and the coming of peace, there are adjustments that have to be made in the size of the force, in the composition of your investment budget, in the number of bases you operate. it is a huge change, and it is going to take the better part of a decade to unwind. >> reporter: in the process, the u.s. military may look very different. troops and ships stationed in europe could come home. the u.s. could seek more financial and military help from allies. former assistant secretary of defense lawrence korb says other big changes in commitments and investments might be forced on the pentagon. >> basically, change has to come from the outside, because they are risk averse and they see, "well, let's ju
darren gersh takes a look at the challenges facing the u.s. military after iraq. >> reporter: now that the colors have returned from iraq, the military is preparing to make difficult decisions. hundreds of thousands of troops are likely to be cut, and defense analyst loren thompson says that's just the beginning. >> when you go into a withdrawal from a war and the coming of peace, there are adjustments that have to be made in the size of the force, in the composition of your...
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Dec 23, 2011
12/11
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WJZ
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eye 173
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darren gersh takes a look at the challenges facing the u.s. military after iraq. >> reporter: now that the colors have returned from iraq, the military is preparing to make difficult decisions. hundreds of thousands of troops are likely to be cut, and defense analyst loren thompson says that's just the beginning. >> when you go into a withdrawal from a war and the coming of peace, there are adjustments that have to be made in the size of the force, in the composition of your investment budget, in the number of bases you operate. it is a huge change, and it is going to take the better part of a decade to unwind. >> reporter: in the process, the u.s. military may look very different. troops and ships stationed in europe could come home. the u.s. could seek more financial and military help from allies. former assistant secretary of defense lawrence korb says other big changes in commitments and investments might be forced on the pentagon. >> basically, change has to come from the outside, because they are risk averse and they see, "well, let's ju
darren gersh takes a look at the challenges facing the u.s. military after iraq. >> reporter: now that the colors have returned from iraq, the military is preparing to make difficult decisions. hundreds of thousands of troops are likely to be cut, and defense analyst loren thompson says that's just the beginning. >> when you go into a withdrawal from a war and the coming of peace, there are adjustments that have to be made in the size of the force, in the composition of your...
WHUT (Howard University Television)
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Dec 22, 2011
12/11
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WHUT
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darren gersh takes a look at the challenges facing the u.s. military after iraq. >> reporter: now that the colors have returned from iraq, the military is preparing to make difficult decisions. hundreds of thousands of troops are likely to be cut, and defense analyst loren thompson says that's just the beginning. >> when you go into a withdrawal from a war and the coming of peace, there are adjustments that have to be made in the size of the force, in the composition of your investment budget, in the number of bases you operate. it is a huge change, and it is going to take the better part of a decade to unwind. >> reporter: in the process, the u.s. military may look very different. troops and ships stationed in europe could come home. the u.s. could seek more financial and military help from allies. former assistant secretary of defense lawrence korb says other big changes in commitments and investments might be forced on the pentagon. >> basically, change has to come from the outside, because they are risk averse and they see, "well, let's ju
darren gersh takes a look at the challenges facing the u.s. military after iraq. >> reporter: now that the colors have returned from iraq, the military is preparing to make difficult decisions. hundreds of thousands of troops are likely to be cut, and defense analyst loren thompson says that's just the beginning. >> when you go into a withdrawal from a war and the coming of peace, there are adjustments that have to be made in the size of the force, in the composition of your...
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Dec 15, 2011
12/11
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WETA
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but darren chervitz, co-manager of the jacob internet fund, is not a fan of the offering. >> certainly, the largest red flag that we see with their strategic and operational plan is the fact that they rely almost exclusively for their revenues on facebook. 90-plus percent of their users-- 50 million plus every day, but they almost all come on the facebook platform. it's a big problem for the company. >> reporter: zynga's stock performance tomorrow and in the months ahead will be watched closely on wall street. it's viewed as a barometer for future tech i.p.o.s, most notably facebook, which is expected to go public next year. if facebook does go public, it will be one of the biggest i.p.o.s in history. among the other big names in the pipeline are luxury travel bag maker tumi, organic macaroni and cheese manufacturer annie's, and yelp, a local reviews site. what's interesting is that the i.p.o. pipeline is strong, despite the collapse in the stock prices of high profile offerings like groupon, linked in, and pandora. also below their offering prices are dunkin brands, and hospital owner
but darren chervitz, co-manager of the jacob internet fund, is not a fan of the offering. >> certainly, the largest red flag that we see with their strategic and operational plan is the fact that they rely almost exclusively for their revenues on facebook. 90-plus percent of their users-- 50 million plus every day, but they almost all come on the facebook platform. it's a big problem for the company. >> reporter: zynga's stock performance tomorrow and in the months ahead will be...
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Dec 13, 2011
12/11
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KQEH
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now intel predicts revenues of $13.7 billion, but as darren gersh reports, many investors are not as bullish as intel. >> reporter: after appearing to dismiss the impact of flooding in thailand on its business, intel today changed its story. and sanford c. bernstein semiconductor analyst stacy rasgon says investors do not like it when that happens so quickly. >> the perception that people had walking out of recent meetings with management-- again, very recently, even within the last couple of weeks- - was different than the outlook they provided today, and so whenever you are providing communication to the street which is at odds with a result you eventually post, that is always a bad thing. people don't like to see that. >> reporter: intel told analysts today the company expects hard drive production from thailand will pick up by the first half of 2012 and with it demand for intel chips should recover too. morningstar analyst brian colello sees the flood as a timing issue, not an indication of lost market share or falling demand. >> once hard drive production ramps back up-- which m
now intel predicts revenues of $13.7 billion, but as darren gersh reports, many investors are not as bullish as intel. >> reporter: after appearing to dismiss the impact of flooding in thailand on its business, intel today changed its story. and sanford c. bernstein semiconductor analyst stacy rasgon says investors do not like it when that happens so quickly. >> the perception that people had walking out of recent meetings with management-- again, very recently, even within the last...
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Dec 13, 2011
12/11
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WMPT
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the intel profit warning darren reported in earlier hurt the tech sector, particularly the chip stocks. as we mentioned, intel's warning is the third from the industry in the past week. the exchange-traded fund focused on semiconductor stocks dropped more than 3%. the technical trend for this fund over the past year has been
the intel profit warning darren reported in earlier hurt the tech sector, particularly the chip stocks. as we mentioned, intel's warning is the third from the industry in the past week. the exchange-traded fund focused on semiconductor stocks dropped more than 3%. the technical trend for this fund over the past year has been
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Dec 14, 2011
12/11
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KRCB
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darren gersh, "nightly business report," washington. >> susie: also in washingt today, jon corzine was back on capitol hill. this time, he faced his former peers in the senate. and again, he denied knowing what happened to millions in missing client money at his former firm, m.f. global. the senate agriculture committee wanted to know who authorized the use of that money for trades in the days before the company collapsed. corzine told lawmakers it wasn't him. >> i never directed anyone at m.f. global to misuse customer funds. i never intended to, and as far as i'm concerned, i never gave instructions that anody could misconstrue. >> susie: but the head of the c.m.e. group, terry duffy, told lawmakers later he believes corzine knew about at least one transfer of customer money-- a $175 million loan to a european affiliate. >> susie: despite all the hoopla this holiday season, retail sales were subdued in november. they rose only two tenths of a percent, much less than analysts were expecting and well below the gains in october. erika miller takes a closer look at what this could mean f
darren gersh, "nightly business report," washington. >> susie: also in washingt today, jon corzine was back on capitol hill. this time, he faced his former peers in the senate. and again, he denied knowing what happened to millions in missing client money at his former firm, m.f. global. the senate agriculture committee wanted to know who authorized the use of that money for trades in the days before the company collapsed. corzine told lawmakers it wasn't him. >> i never...
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Dec 9, 2011
12/11
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WMPT
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darren gersh picks up the story. >> reporter: jon corzine is not the first c.e.o. to explain before congress why his company failed, but he is the first former governor and u.s. senator in more than 100 years to testify under subpoena. his voice subdued, corzine offered his side of the story. >> i apologize both personally and on behalf of the company to our customers, our employees, and our investors. i truly know they are bearing the brunt of the impact of the firm's bankruptcy. >> reporter: corzine defended his role at m.f. global on all fronts. he pointed out the firm was losing money before he took over. he said he was worried about financial risk, reducing the company's leverage from 37 times equity to around 30. he stressed the foreign government bonds m.f. global invested in have not defaulted or been restructured. so what happened to the $1.2 billion missing from customer accounts? >> i was stunned when i was told on sunday, october 30, 2011, that m.f. global could not account for many hundreds of millions of dollars of client money. i simply do not know w
darren gersh picks up the story. >> reporter: jon corzine is not the first c.e.o. to explain before congress why his company failed, but he is the first former governor and u.s. senator in more than 100 years to testify under subpoena. his voice subdued, corzine offered his side of the story. >> i apologize both personally and on behalf of the company to our customers, our employees, and our investors. i truly know they are bearing the brunt of the impact of the firm's bankruptcy....
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Dec 18, 2011
12/11
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MSNBCW
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we don't subscribe -- >> darren bailey's commitment to nonviolence comes to a shocking end. >> that'sost brutal assault i've seen there in two years. >> and the inmates on "x" row get dreaded news. to pick up som. a new belt. some nylons. and what girl wouldn't need new shoes? we talked about getting a diamond. but with all the thank you points i've been earning... ♪ ...i flew us to the rock i really had in mind. ♪ [ male announcer ] the citi thank you card. earn points you can use for travel on any airline, with no blackout dates. your new progresso rich & hearty steak burger soup. [ dad ] i love this new soup. it's his two favorite things in one... burgers and soup. did you hear him honey? burgers and soup. love you. they're cute. [ male announcer ] progresso. you gotta taste this soup. i wish my patients could see what i see. ♪ that over time, having high cholesterol plus diabetes... or high blood pressure... or family history of early heart disease... can put them at increased risk for plaque buildup. and they'd see that it's more important to get their cholesterol where their doc
we don't subscribe -- >> darren bailey's commitment to nonviolence comes to a shocking end. >> that'sost brutal assault i've seen there in two years. >> and the inmates on "x" row get dreaded news. to pick up som. a new belt. some nylons. and what girl wouldn't need new shoes? we talked about getting a diamond. but with all the thank you points i've been earning... ♪ ...i flew us to the rock i really had in mind. ♪ [ male announcer ] the citi thank you card. earn...
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Dec 7, 2011
12/11
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KQED
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eye 132
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as darren gersh reports tonight, the debate over leadership at the new agency comes as another market watchdog comes under fire. >> reporter: republicans and democrats traded jabs today over financial regulation. democrats charged republicans with blocking the confirmation of a new leader for the consumer financial protection bureau. >> without having a director, there are a whole host of rules that can't be written, which only perpetuates an uneven playing field where community banks and credit unions have to abide by regulations and non- bank lenders don't, which is not fair to consumers or industry members who play by the rules. >> reporter: a top treasury official argued the problem goes beyond fairness. with financial markets still unsettled, holding up the implementation of new regulations puts the economy at risk. >> without a director, the cfpb is unable to exercise its full authority, and as a result, our economy remains vulnerable to some of the same regulatory gaps that contributed to the financial crisis, and consumers continue to lack common sense protections. >> reporter
as darren gersh reports tonight, the debate over leadership at the new agency comes as another market watchdog comes under fire. >> reporter: republicans and democrats traded jabs today over financial regulation. democrats charged republicans with blocking the confirmation of a new leader for the consumer financial protection bureau. >> without having a director, there are a whole host of rules that can't be written, which only perpetuates an uneven playing field where community...
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Dec 18, 2011
12/11
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MSNBCW
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eye 60
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>> striking fear into others has also landed darren bailey in prison, but he took things beyond the fear stage. >> oh, man. it was kind of gruesome, man. bodies all found and everything like that. for this area, it's not really easy to walk through. we're not having a typical conversation now. now we're dealing with something more personal. as much as i try to move on, i'm still haunted by that past. >> bailey didn't elaborate on the crimes that got him incarcerated, but with the personal camera our producer let him use, he revealed a violent past in prison as well. >> when i first got sentenced, man, i started stabbing police. you know, i targeted them. okay, well, yeah, i did what i did. okay. and since ya'll want to sentence me excessively, all right, i got pain. so y'all got pain. now we all got pain. >> until recently, bailey's time at indiana state has been marked by violence and outbursts of anger. >> your unit, your [ bleep ], man. your unit. [ bleep ] you. i ran professionally. [ bleep ], [ bleep ] you. i've always thought that you're not going to go home anyway, so why tolerate
>> striking fear into others has also landed darren bailey in prison, but he took things beyond the fear stage. >> oh, man. it was kind of gruesome, man. bodies all found and everything like that. for this area, it's not really easy to walk through. we're not having a typical conversation now. now we're dealing with something more personal. as much as i try to move on, i'm still haunted by that past. >> bailey didn't elaborate on the crimes that got him incarcerated, but with...
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246
Dec 22, 2011
12/11
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KPIX
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eye 246
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erica thomas' husband, captain darren thomas, has done four tours in iraq.o this is kind of an early christmas present for you. >> it sure is. it's an early christmas present for my entire family. my three-year-old son is excited that his daddy is coming home. >> reporter: darren jr. knows his father, but erica thomas says 18-month-old joshua may not. what's that like? >> it's tough at times. he chose the army and i chose him, so i deal with it. >> reporter: family illness, birthdays, first words-- all done alone. >> i'm so proud of what he's doing, but at the same time it leaves me and the girls alone so much that i don't want him growing apart from us. >> reporter: scary. >> very scary. >> reporter: do you think the mission, this particular mission in iraq, has been worth it? i think i'm going to take the politically correct standpoint on that one since my husband is an officer and just say he did the jo tonight. the grinch that stole christmas. that's the dubious distinction for one of the nation's top online retailers t >>> good evening. i'm allen martin
erica thomas' husband, captain darren thomas, has done four tours in iraq.o this is kind of an early christmas present for you. >> it sure is. it's an early christmas present for my entire family. my three-year-old son is excited that his daddy is coming home. >> reporter: darren jr. knows his father, but erica thomas says 18-month-old joshua may not. what's that like? >> it's tough at times. he chose the army and i chose him, so i deal with it. >> reporter: family...
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536
Dec 25, 2011
12/11
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WETA
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eye 536
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our first big gig was with james darren. >> james darren "baby, when we're scared." >> reporter: butssoms had an ability to blend in. >> we didn't sound white. we didn't sound black. >> reporter: and quickly became the hottest back-up singers in l.a. ♪ working on the chain > working behind sam cook. ♪ the beach boys ♪ move over darling ♪ > even doris day. then in 1962, darlene was hired by a young producer named phil specter. what was he like to work with in the studio? >> great. the first couple of years before he became, you know, this monster that made all these hit records. >> reporter: specter wanted darlene to sing lead on a song he was sure was going to be a hit. a rival version was about to be released and specter's regular group the krystals was stuck on the east coast. still he put the krystals' name on the label. you knew your name wouldn't be on that record. >> right, i did. >> reporter: but that didn't bother you. >> no because, see, people don't know that we did that all the time. who knows whether it's going to be a hit. let me take that money and run. >> reporter: whe
our first big gig was with james darren. >> james darren "baby, when we're scared." >> reporter: butssoms had an ability to blend in. >> we didn't sound white. we didn't sound black. >> reporter: and quickly became the hottest back-up singers in l.a. ♪ working on the chain > working behind sam cook. ♪ the beach boys ♪ move over darling ♪ > even doris day. then in 1962, darlene was hired by a young producer named phil specter. what was he like to...
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Dec 29, 2011
12/11
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KQEH
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eye 181
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darren gersh takes a look at the federal reserve's plans for 2012. >> reporter: one way the fed might change its communications strategy is by releasing its forecast for short-term interest rates. fed watcher roberto perli says markets now expect the fed to begin raising interest rates around the end of 2013, but he believes the fed's forecast has rates rising a year later-- at the end of 2014. releasing that forecast would be an easy way to convince markets it's okay to keep rates low, and maybe even lower, for longer. >> it is cheap because it does not require purchasing securities. it is not as controversial as doing that, but it's not cost- free. >> reporter: not cost-free because perli says clearer communications means investors will expect the fed to stand by its word. >> they don't want to be seen as committing to raise rates, say, in 2014 when economic conditions could change, so that's why they want to cast this in terms of a forecast, not a commitment, but a forecast, and a forecast, like any other forecast can change. >> reporter: after the fed sorts out communication strat
darren gersh takes a look at the federal reserve's plans for 2012. >> reporter: one way the fed might change its communications strategy is by releasing its forecast for short-term interest rates. fed watcher roberto perli says markets now expect the fed to begin raising interest rates around the end of 2013, but he believes the fed's forecast has rates rising a year later-- at the end of 2014. releasing that forecast would be an easy way to convince markets it's okay to keep rates low,...
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539
Dec 24, 2011
12/11
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KQEH
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eye 539
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darren gersh reports tonight on new initiatives to get kids talking about money, before they wind up in a bind. >> reporter: the credit union where cindy jones works was set up to serve baltimore county school teachers. but jones spends most of her time talking to students. today, she's in dundalk, maryland addressing high school seniors enrolled in an economics course. but instead of talking supply and demand, she's discussing savings accounts, loans, debit cards and credit scores. >> i think it's really important to learn it early on so that as you go through your life you can learn to be a responsible money manager. >> reporter: the lecture and the class comes at a critical time for many of these students who are about to graduate. some of them also operate the credit union branch downstairs and all students are welcome to join it. but in order to be successful members, students need to learn the basics. jonelle hill listens intently and says she's already learned a lot about how to juggle holiday shopping with paying bills and saving for college, using money she's earned at her p
darren gersh reports tonight on new initiatives to get kids talking about money, before they wind up in a bind. >> reporter: the credit union where cindy jones works was set up to serve baltimore county school teachers. but jones spends most of her time talking to students. today, she's in dundalk, maryland addressing high school seniors enrolled in an economics course. but instead of talking supply and demand, she's discussing savings accounts, loans, debit cards and credit scores....
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Dec 3, 2011
12/11
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KRCB
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eye 277
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darren gersh, "nightly business report," washington. >> tom: here's what we're watching for next week: our friday market monitor guest is duncan richardson, chief investment officer at eaton vance management. we'll also see the october reports on consumer credit and wholesale trade inventories. monday, our word on the street is technology-- a look at three top tech stocks for the new year. >> susie: republicans in the house of representatives plan to link payroll tax cut legislation with a plan to speed up approval of the controversial keystone pipeline. the move is designed to turn up the heat on president obama, whose administration has put the keystone x.l. pipeline on hold. it would make opposing the pipeline difficult for democrats because extending unemployment insurance and payroll tax cuts this year are priorities for the party. >> tom: honda has expanded a recall to replace driver side airbags. nearly 300,000 honda and acura vehicles are affected by an airbag problem that could be deadly. honda says so far, there have been 20 accidents related to the problems, including two d
darren gersh, "nightly business report," washington. >> tom: here's what we're watching for next week: our friday market monitor guest is duncan richardson, chief investment officer at eaton vance management. we'll also see the october reports on consumer credit and wholesale trade inventories. monday, our word on the street is technology-- a look at three top tech stocks for the new year. >> susie: republicans in the house of representatives plan to link payroll tax cut...
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Dec 10, 2011
12/11
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KQED
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eye 142
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darren gersh explains what's at stake. >> reporter: in washington, temporary programs have a funny way of becoming permanent, and the heritage foundation's david john fears that is what's happening to the payroll tax cut. >> the odds are very strongly that this will be a permanent tax cut, and i'm not suggesting that we increase taxes again. what i am suggesting is that this needs to be done honestly. >> reporter: john says that means telling people the payroll tax cut means the government will be funding part of social security through income taxes. in effect, social security will be tapping into a huge new pot of money. >> essentially, there is no urge to fix the social security program. it just becomes a bigger and bigger drain in the future. >> reporter: but the economic policy institute's andrew fieldhouse thinks this is one tax cut that will turn out to be temporary. >> you're not seeing the same grover norquist taxpayer protection pledge ideology set in over the payroll tax cut the way you have for the bush-era tax cuts. >> reporter: fieldhouse would prefer to stimulate the econ
darren gersh explains what's at stake. >> reporter: in washington, temporary programs have a funny way of becoming permanent, and the heritage foundation's david john fears that is what's happening to the payroll tax cut. >> the odds are very strongly that this will be a permanent tax cut, and i'm not suggesting that we increase taxes again. what i am suggesting is that this needs to be done honestly. >> reporter: john says that means telling people the payroll tax cut means...
WHUT (Howard University Television)
283
283
Dec 23, 2011
12/11
by
WHUT
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eye 283
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darren gersh reports tonight on new initiatives to get kids talking about money, before they wind up in a bind. >> reporter: the credit union where cindy jones works was set up to serve baltimore county school teachers. but jones spends most of her time talking to students. today, she's in dundalk, maryland addressing high school seniors enrolled in an economics course. but instead of talking supply and demand, she's discussing savings accounts, loans, debit cards and credit scores. >> i think it's really important to learn it early on so that as you go through your life you can learn to be a responsible money manager. >> reporter: the lecture and the class comes at a critical time for many of these students who are about to graduate. some of them also operate the credit union branch downstairs and all students are welcome to join it. but in order to be successful members, students need to learn the basics. jonelle hill listens intently and says she's already learned a lot about how to juggle holiday shopping with paying bills and saving for college, using money she's earned at her p
darren gersh reports tonight on new initiatives to get kids talking about money, before they wind up in a bind. >> reporter: the credit union where cindy jones works was set up to serve baltimore county school teachers. but jones spends most of her time talking to students. today, she's in dundalk, maryland addressing high school seniors enrolled in an economics course. but instead of talking supply and demand, she's discussing savings accounts, loans, debit cards and credit scores....
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235
Dec 24, 2011
12/11
by
WJZ
tv
eye 235
favorite 0
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darren gersh reports tonight on new initiatives to get kids talking about money, before they wind up in a bind. >> reporter: the credit union where cindy jones works was set up to serve baltimore county school teachers. but jones spends most of her time talking to students. today, she's in dundalk, maryland addressing high school seniors enrolled in an economics course. but instead of talking supply and demand, she's discussing savings accounts, loans, debit cards and credit scores. >> i think it's really important to learn it early on so that as you go through your life you can learn to be a responsible money manager. >> reporter: the lecture and the class comes at a critical time for many of these students who are about to graduate. some of them also operate the credit union branch downstairs and all students are welcome to join it. but in order to be successful members, students need to learn the basics. jonelle hill listens intently and says she's already learned a lot about how to juggle holiday shopping with paying bills and saving for college, using money she's earned at her p
darren gersh reports tonight on new initiatives to get kids talking about money, before they wind up in a bind. >> reporter: the credit union where cindy jones works was set up to serve baltimore county school teachers. but jones spends most of her time talking to students. today, she's in dundalk, maryland addressing high school seniors enrolled in an economics course. but instead of talking supply and demand, she's discussing savings accounts, loans, debit cards and credit scores....