now the city is doing -- doling out millions, and we are on the money trail to show you why. >> plus, a white shark scare. see where people say they spotted it and why the sythe was so unusual. >>> i don't know if i'd be on that surfboard. good morning. i'm brent cannon. >> i'm laura garcia-cannon. 4:30, thursday, july 22nd. almost to the weekend. >> it looks like a kind of cool one. we want to check in with craig in for rob this morning. it feels like fall out there. >> it really does. good morning to you both. we've got the wind coming through. a lot of fog out there. it's really a cool day for us for this time of year. temperatures running a good 5 to 10 degrees cooler than average. the fog this morning is about 2100 feet deep. it's cleared a lot of our passes and gaps. certainly over the coastal mountains as well. everybody waking up to the cloud cover and 50s. wind coming through as well making it feel just like fall. out of the south end of the bay, winds about 9 miles per hour. look at fairfield. 21-mile-per-hour sustained winds out of the southwest. so all that fog is just get

bob dole of pool did make the list as well. -- balboa pool did make the laws as well. if i can keep the roots integrity, i can usually hold on to the other systems. goothose of you that have done e renovations probably know this. public utilities commission has been very helpful. they have done an updated energy system, and they were doing some light things work, and they found your air handling system is failing, and of course, the staff knows that as well, because they have had difficulties as well, and it did not come up in comment. union square is interesting in that it was recently renovated, but we had a great deal of problems with the lighting system. there are a lot of stairs, and the lights have failed because of a faulty design when they did renovation they did a puddle of water we need to get it working. it continues to fail. but as the worst of the processes we would need to undertake. taking that together and adding a 5% contract feet and then having a 15% to% contingency, that ran the sheets at $2.2 million. at the bottom of the spreadsheet, some of them

god bless america, bob dole. [applause] >> boyden, again, we have been talking about the direct link to the president. i can testify openly about how much president h. w. bush was focus on this and wanted to get it done. he had a great lieutenant that was always there working with us. give us a sense of any little insight about working with president bush and working with us to bridge the gaps we had at that time. >> thank you for the opportunity to celebrate this wonderful legislation. one of the key people that as an should be mentioned and honored is evan kemp. [laughter] [applause] [no audio] [applause] he was our teacher in the white house. pat told us what to do, but evan introduced us to pat and set listen to what she tells you to do. [laughter] evan was an extraordinary fellow. everyone knew him. he graduate number two or three at law school and cannot get a job. he was disabled and in a wheelchair. i cannot believe today that something like that happen. someone said this morning that he had been turned d

feinberg, the obama administration's executive compensation czar, will name 17 financial companies that doled out excessive bonuses to the tune of $1.6 billion after accepting billions of dollars of taxpayer aid. >>> consumers union charges over the past decade, blue cross and blue shield stockpiled a surplus of billions of dollars and yet continue to hit consumers with double-digit premium increases. >>> and, finally, after earning $730 million and selling more than 30 million dvds, the "guinness book of world records" is recognizing "the saw" movie series as the most successful horror movie franchise of all time. >>> a marlins walk-off homer, the orioles' walk-off ejected, and a-rod nears a historic milestone. >>> plus, ichiro may be best known for his bat, but he is not bad with a glove either. your early morning sports headlines are straight ahead. >>> in weather, we're going to talk about bonnie. we're also going to give you your weekend forecast. that's all coming up. you're watching "early today." >>> well, good morning to you. if you are just waking up, this is "early today." in sport

. $3.4 billion will be doled out to states and the federal program known as race to the top. it's the largest grant of its kind in u.s. is. the money is earmarked for states have taken steps to improve performance. in a first- round california did make the cut. tennessee in delaware were awarded of the six under million dollars. this time the state called on administrators from san francisco and several other big school districts to refine the proposal put the plan calls for putting high-performance teachers in low performing schools. expanded data tracking to improve academic achievement, and recording teacher evaluations to be based in part of student performance. california's ask for $700 million for each share of the money. state officials will have to washington in the next few weeks to present the proposal. the fund winners will be announced in september. >> the fog cleared back off the coasts this afternoon at least down and the san mateo " line. sunny skies your toll plaza and through most of the bay area but temperatures remain on the cooler side. our inland spots to

decades of experience of chronic 10% unemployment and a large segment of the operation living on the dole. that is not what we want. these big non-financial companies are sitting on cash but they are not hiring people. >> they are not lending to small businesses. >> there is a capital strike happening in the country. in the absence of capital, you do not get expansion and increases in unemployment. this is not rocket science. >> have you looked at the percentages on seed's? >> 1% or less. >> the are putting their own money back into their own coffers. you cannot make them alone are higher. every time day at a factory open, the lines around the block to get one job. >> it is a law of economics that you create wonderful the products and services, you create demand. asked apple. >> here is elizabeth warren. banking is based on trust and the basket our page 6 and hold our savings and know how we spend our money. we don't trust them, the whole system breaks down. wall street ceo's have thrown away trust. how can you get that back? >> regulation makes it so they cannot act like casinos and noth

i know senator dole, another champion is concerned. i think one of the reasons why we are not seeing more movement in employment is i think as a country we still don't really expect people with disabilities to work. i will give you a recent example. during health-care reform, they were debating a provision in the bill that made it into the final bill that would enable people to keep their personal care attendant services and work at the same time. and a senator said in a closed door meeting well people with disabilities don't work, do they. and this just happened. so i really feel like we still have some work to do. and that's why we're excited that president obama is releasing a psa today that's going to air all over the country, both on television and radio, that i think we need that kind of leadership to help education-- educate people about what the expectations are that people with disabilities have for ourselves and why it good for the country when we are working and participating fully. >> woodruff: amelia, what are concrete thi

we're kind of stuck in the summer dole drums and low clouds and fog around parts of the bay area and cooler weather is ahead. we will talk about that coming up. ,,,,,,,,,,,,,, troubled facilty. >>> the debut of a weekly farm ler's market at the cow palace could signal a new direction for the troubled facility. local and state officials helped bring the market to an area that has little access to fresh nutritious foods. the 69-year-old cow palace which has hosted everything from rodeos to political conventions has recently taken heat for where two people died from drug overdoses but officials say they want to serve the local community. >> well, there is a good example of what is happening with the cow palace. we are very, very dedicated to doing a better job connecting with our community and the people that we serve. and the local area and the regional area. >> cow palace managers say they're working with a developer to bring in a supermarket and other retail businesses that will bring in money to improve the facility. >>> a bit of a detour today for tour buses traveling through the b

. >> it seems like we're doling out benefits to people that are illegally here which it shouldn't behat way. >> next we go into considering a resolution. >> reporter: in june 57% of fremont residents voted for an ordinance that requires businesses and landlords to verify citizenship. making it more difficult to harbor, rent to, or hire illegal aliens. fremont might seem an unlikely place for this controversy. unemployment is roughly half the national average, and local police here say the crime rate has not changed much in years. >> a lot of people are scratching their heads saying, why here? why now? >> well, why not? we definitely have a problem. we know we have illegals in town. >> reporter: the population of legal hispanics has risen from fewer than 200 people two decades ago to almost 2,000 today. about 8% of the population. but there are only guesses, no figures, for the number of undocumented immigrants here. >> when i first heard those words in public, you know, "they're taking over." "put them on a bus." "send them back to mexico." i thought, where am i living? you know, thi

on the dole. they would see liberation wars in the world one began in one nine hundred fourteen the other nine hundred thirty nine soon there will be a third war and it will start here gaining momentum and giving the world true freedom the estonian waffen s.s. were created by german forces in one nine hundred forty four and sent to battle the anti hitler coalition forces thousands of civilians died at the hands of those soldiers get their glorified as the true heroes of a stone. rallies like these take place every year with full support from the government people turn up in full regalia wearing nazi symbols and selling german war souvenirs a bitter pill for those who are trying to stop naziism in the baltics from rearing its ugly head. they to hold rallies but few managed to take part as the authorities in a stone you did everything in their power to stop them your son. i'm not going myself because a stunning or thirty's in two thousand and seven put the latvian anti fascist committee on the black

while while they only stagers of the space race so rushing dole was being sent into orbit the notion of sending a don't pay into flight was never considered that was until this weekend when a. police investigation decided to launch a donkey be tried with a quite a difference stand they go as watched as the animal tethered to parasail with sound ad borne of the sea for closely now are witnesses reported hearing the turf i don't keep praying before eventually landed in the water at the animal survived the ordeal which police say appeared to be a stance to promote sailing and officers say that while people were excited by the creatures distress they've not been alerted animal cruelty charges could follow which could bring the organizers back down to where the two year jail sentence. well with with tough new immigration law is due to come into force in arizona and more planned elsewhere in the us the last american population in the country is calling for reforms and ulti spoke to journalist and human rights activist george runnels says immigrants benefit america that's coming up in a mom

popular in the united states one american company has capitalized on this by making that anna chapman dole now customers can choose from versions called predator spy i could love each is available for purchase online for about thirty dollars but chapman herself will not benefit from the sales due to the conditions of her release from arrest the twenty eight year old had refused to roll offer to her in an adult movie. all right now all the latest from the world of business that with daniel bushell. when the business president medvedev appears to have revised of russia's economic growth forecast for the year at a news conference with italian prime minister silvio berlusconi this afternoon the president suggested that g.d.p. would rise by nearly five percent in twenty ten last month the government was still predicting a growth rate of four percent. but. this year the russian economy will grow by almost five percent which seems to be very good after the crisis however it is still not the growth we need them in less than two hours' time europe's banks will learn if they pass or fail the stress

. >> eleven member panel will set policy and training procedures and dole out punishment.t police chief welcomes the extra scrutiny. >> our paramilitary organizations have oversight. >> we hope to never have an oscar grant incident again. >> as far as no impact at all in terms of oscar grant. >> attorney john burris represents the family in a $25 million civil suit against bart. he thinks the commission is a positive step. >> if there is accountability for the officers' actions, then you have more to make sure they don't engage in inappropriate behavior. >> adjudication of disciplinary actions can come through this body, they can review almost anything. what that brings to the table is the transparency that was so lacking back in january 2009. >> new commission will begin its work on january 1st, 2011, exactly two years to the day after oscar grant was killed. >>> dozens of san jose firefighters could receive layoff notices as early as monday. the firefighters belong to one of three unions yet to reach an agreement with the city. the police officers union approved a contra

bob dole. again, you mentioned several times about our directly with the president. i can testify openly about how much president george h. w. bush was so focused on this and wanted to get it done any had a great latinity it came to our meetings, working with us. boyden, give us insight about working with president bush and with us in bridge some of the gaps that we had at that time. >> thank you very much for the opportunity to celebrate this wonderful legislation. one of the key people that i think should be mentioned and on and, you mentioned his name briefly, evan kemp. he was in many ways our -- [applause] it was in many ways our teacher in the white house. pat told us what to do but evan introduced us to her and said do when she tested to do. [laughter] evan was an extraordinary fellow. every one up here knew him and he was originally a nadarite. he grabs a weighted from law school and could not get a job because he was disabled. i cannot believe today that something like that could happen. someone said this morning, he had been turned down by 57 law firms. he

. >> the eleven member panel will likely set police policy as well as dole out punishment to officers who violate their protocol. a chief welcomes it. >> i was not aware of how paramilitary organizations have such oversight. >> to prevent another event like this. >> we hope to never have an oscar grant incident again. >> attorney john burris represents grant's family in a civil suit against bart. he thinks the commission is a positive step. >> if will is accountability for officer's actions, then you are likely to make sure that this behave doesn't happen. >> now disciplinary action can come through this body. they can review this and what it brings to the table is transparency that was lacking back in january 2009. >> thousand they will begin on january 1st, 2011, two years to the day after oscar grant was killed. >> a young man from napa was among four soldiers killed in action this week in afghanistan. 21-year-old specialist died wednesday when the truck he was in struck a roadside bomb. he was assigned to the 27th combat airborne engineer battalion that was based out of north caro

. >> that bob dole became almost paralyzed and had to withdraw as republican senate leader to distance himself from newt beginning rach-- gingrich. i don't think you can do that with john boehner. i think what we are talking about is ambition in the republican ranks. i think eric cantor's ambition is not very well clothed. i won't say it is naked but it is pretty well exposed but as mar as michael steel is concerned, michael steel has had a gas filled year. he had his young donor meeting at the lesbian bondage club in west l.a. you must remember, that caused a stir, and caused the finance chief to leave, chief of staff to leave, political consultant to leechlt he predicted the republicans wouldn't win the house in 2010. it hasn't been sure footing for michael. i don't anybody looks to the party chairs to make foreign defense policy statements. and if it weren't the fourth of july weekend i don't know if the resignation would be news to tell you the truth. >> woodruff: anything about michael steel. >> it was historically inaccurate to say it was barack obama's war. it was stupid. he doe

there is a fraud probe about insurance companies and how they dole out death payments. prudential financial is among the companies under investigation and robert gates is pledging to help the department of veterans' affairs. they are working on a government report on second quarter economic growth. stocks were up after numbers disappointed investors. >> and here is way for a great summer vacation. national park service 180 parks will be admission free on august 14 and 15. and many of the concession stands especially knows west they are offering discounts and other items. at the new york stock exchange bloomberg business report. >> researchers say they have made a discovery that could pave the way for new parkinson's disease treatment. they found a molecule to overproduce proteins that are deadly to brain cells. it increases the likely hood of contracting parkinson's. scientists say the discovery could lead to new treatments in five for ten years. study is reported in the journal of nature. >> you in researcher suggests that drinking artificially swedeened beverages may

as much as $3.4 billion will be doled out to states and the federal program no does race to the top. largest branch of its kind in u.s. history. the money is earmarked for states that have taken steps to improve school performance. and the forced from last march california didn't make the cut. tennessean delaware were awarded a total of $600 million. this dynasty called on administrators from san francisco and several other big school districts to refine the proposal. in high- performance teachers in low performing schools. expanded data tracking to improve academic achievement and requiring teacher evaluations to be based in part on student performance. california's ask for $700 million for each share of the money. state officials will be heading to washington the next few weeks to bring detail to waters and the one wonders what the next announced in september. to a former army attended who was discharged for being openly gay said he will continue to fight for quick repeal of the controversial don't ask don't tell controversy. kimberley's sakamoto explains where you go from here. he

the sad part is bobby had out and had 18 girlfriends in the past week, and dole.el is tired of the three to one or two-one because that would be news. >> i think we got them. >> thank you mike. cf. >>> "the insider" is behind the headlines on today's big celebrity news. i'm lara spencer. >> it's time to take a side. "the insider" is on. >> do you want to destroy me and see me die? >> mel's explosive voice mail. 30 manic calls all in one night attacking his ex. >> then -- >> i can't comment on that. i'm sorry. >> hammered with questions. is this oksana's new lawyer. >> this is your chance to set the record straight. >> lisa bloom on the record only with us tonight. >> can you confirm that you were there meeting with oksana's current legal team? >> hillary clinton in manhattan. where she's spotted with bride to be chelsea's wedding dress. >> the wedding gift that just landed on chelsea's doorstep.

on the senate side, bob dole gave his first senate speech in the 1960's on disability rights. i can tell you about a conversation i had with president bush who wanted to get this done with boyden grave. dick thornburgh, the attorney general at that time. sam skinner, the head of the department of transportation. there were many republicans involved in this, as were democrats. when we finally wound up with this, the chamber of commerce supported it. we had the business community actually supporting this. they saw the benefit of what would happen if we sought -- started making this universally acceptable. this has always been a very bipartisan thing. host: cynthia, democratic line, georgia. caller: i am a first-time caller, thank you for taking my call. thank you for the hard work you have done, senator. six years ago my mother had a stroke. i really do appreciate your being hard at work in terms of making things more accessible for us. i appreciate those ramps and those curbside walks. to the previous callers, i would say that if you are trying to get in a door that does not op

but i'm reminded what senate bob dole told me. he said never get into a wrestling match with a pig. you both get dirty and the pig likes it. i'm very proud of my record. i'm very proud of my record. i guess if i had to change anything in the past many years it's maybe that i didn't do enough for the men and women who are serving. we are proud of our service to the vets. but you know, we need to keep working for them every day and keep them in our hearts and minds. and i'm proud of my record with veterans and all that. but i guess what i would say is that having a family in the military, we can always do more. we can never do enough for the men and women who are serving in our military. >> thank you. mr. deacon, anything tonight that is kind of under your skin? >> well, nothing really -- >> what's the number one thing that's bothering you. are >> as a person who has never run for office, i encourage people to learn about me. my opponents can't talk about me because i don't have a legislative record. they talk about what they've done to each other and to this country. and that's what

there, and i really tempted to respond, but i am reminded of the advice of my old friend, senator bob dole. he said never give in to arrest -- he said never get into a wrestling match with a peak. you both get dirty, and the pig likes it. i am very proud of my record. i guess i had to change anything in the past many years, it is maybe that i did not do enough for the men and women who are serving. we are proud are service vets, but we need to keep working for them every day and keep them in our hearts and minds. i am proud of my record with veterans and all that, but i guess what i would say is, having a family in the military, we can always do more. we can never do enough for the men and women who are serving in our military. >> mr. deakin, anything tonight that is kind of understand? what is the number-one thing that is bothering you? >> there is a lot for people to learn about me, so i encourage you to learn about me. my opponent cannot talk about me because i do not have a legislative record. they talk about the bad things both of them have done but to each other and to the country. t

. >> as much as $3.4 billion will be doled out to state and federal orinda's race to the top is the largestgrant of its kind in u.s. history. the money is earmarked for states that have taken steps to improve school performance in the first round last march california did not make the cut. tennessee, delaware were awarded a total $600 million. off this and the state called learned ministers from san francisco and several other big school districts to find a proposal. their plan calls for putting high- performance teachers and love for the schools. exceeded data tracking academic achievement and requiring teacher evaluations to be based in part on student performance. c,g6uh for $700 million for its share of the money. >> state officials will be heading to washington in the next few weeks to present a detailed proposal the fund winners will be announced in september keep your fingers crossed. despite all the talk surrounding apple's new iphone the company no is continue to release new products kron4 start reporting a gabe slate the latest offerings from palo alto. >> the magic trackpad acces

as i know many of you are aware, former senator bob dole and other former senators have graciously agreed to assist us in the establishment of this key focus group. i reached out to my friend and colleague, the secretary of the veterans affairs department, the former chief of staff of the army, for assistance. through the gracious support of him and the efforts of others, we are finding a better way forward. we are working to better insure that we have the right resources, personnel, and capabilities to meet the cemetery's mission. we do not know what we do not know, but we are working hard every day to find everything possible about what happened, particularly in contract management. for 146 years in the army has proudly served in the administration of this hallowed ground. clearly, this report has found that in recent days, perhaps even recent years, we have lost that commitment and that record of success. i want to pledge to this committee, more importantly, to the american people and to the men and women who wear the uniform of this great nation and those who love and support them, th

senator bob dole said, he has set the standard as a senator, as a legislative leader, and as a statesmanwill stand among the best, as long as there is a senate. [applause] >> and his eloved, dear friend ted kennedy, senator ted kennedy said, that he personified what our founding fathers were thinking of wen they were thinking about a united states senate. [applause] >> he has been called a patriot and warrior of the united states constitution. however, the best way that i can describe the senator is as the architect of appalachia. he is the most historic figure to ever call west virginia home, and will forever live in our hearts, and in those of our children. no one, no one can replace our senator. [applause] >> no wind can fill his shoes, and we must never forget his tireless dedication as we humbly try to follow in his footsteps. senator byrd, you've told nd triumphed on behalf of your beloved mountain state, and now your time to rest has. your memory will live in our hearts forever. may god bless you and erma. may god bless the state of west virginia, and may god bless americ [applaus

i heard from bob dole after that directly. i thought he did that. that sort of struck me as being interesting in terms of history. i did not realize you played such a large role. that tax act. the real-estate industry in the ditch. it put agriculture in the ditch. and for five years after that, at town hall meetings, people were complaining about it. i could raise my hand and say i voted no. i do not know what all that means except to say that it was -- i was interested in your comments about that. the way i view it in terms of what happened in the real world, in kansas as opposed to what was proposed and what was hailed at the time as a historic tax measure. i'm not asking you to reply. i apologize if i stepped on your toes. in your testimony, you note that certain provisions of the egtra. you discuss in greater detail which provisions of the actor most important to understand if you want to provide tax relief. i did not say tax cut. every time you say tax cut, our friends across the aisle for the rich." if you'res saysay "tax relief, there is a di

great people like bob dole who i think alan and i both consided to be a great friend and a great leader, but what they did in various ways to make social security stronger. this commission wants to strengthen social security and we want to do it as i said by ensuring bad it is solvent for at least the next 75 years. but, again make no mistake, to keep social security strong we have to act. we can't leave it on automatic pilot. steve goss, the social security actuary came in here and testified to us a week or so ago that the system will come up about 25% short in 2037 and we simply can't allow that to happen. on the overall budget, i think we have had lots of od ideas comein. one man sent us a 10.plan recently, which i liked. it talked about a federal government that is leaner and more efficient. his recommendations were that we have to sel surplus property, freeze hiring, streamline the appropriations process and sunset programs after 10 years. another woman called for a federal freeze on civilian and military pay, just like we have had for state employees in my state of north carolina

i was in college when you do this tax thing with the speaker of the house, bob dole, and ronald reagan, they made this deal. i just have to say that you people sold us out. i am a generation xer, and you sold out my generation -- what you should have done and that time is implement means testing because somebody the house paid for, but money in the bank and that is rich -- you should have means tested the program from the beginning. guest: i totally disagree. absolutely disagree. social security is 75 years old. it will have its birthday on august 15. what it was, was everybody went into the system. everybody paid their fair share and everybody got a benefit. it is universal. no, we did not sell you out at all. what we tried to do -- in fact, what we did, was keep the system healthy. host:, ahold of falls, ohio. sam on independent line. caller: good morning, ms. kennelly, how are you? guest: i'm good. caller: i am severely disabled and thank god for ssdi program, it is the only thing keeping me barely alive financially. the thing is i tried to find some little bit of work that i could

host: before we go to leesburg, florida, where dole is joining us of the republican line, one quick addition to the finance reform debate. the three republicans -- but their editorial called "the uncertainty principle." that is the lead editorial for "the wall street journal" this morning. leesburg, florida. joel, republican line. caller: three things right quick. americans have always worked hard and we carried the other countries. i agree with the caller who said bring the military people home. we don't need them in korea, we don't need them in japan, in europe. i was over in the 1960's. they don't want us anymore. i helped move us out of france when they told us to get out and when our trucks went over there we picked out every piece of paper and everything and brought it back to germany. number two, obama administration has cost me $565 this year on my retirement from social security. we did not get a cost-of-living allowance, and since i am also retired military, he held that up and that cost me about $600. for the next two years, he will cost me about $2,000 in retirement benefits. als

the recent financial crisis have underlined the multiple jobs the fed has been working to fill the dole mandate of high employment and price stability. the fed will have major work to do to fulfill the tasks. i would be honored and pleased to be able to be part of the process of responding to this challenge. i studied both mathematics and economics as an undergraduate at yale university. i received my ph.d. in economics from the massachusetts institute of technology in june 1963. since then, i have been a faculty member at the university of california berkeley and since 1966 at mit. have taught and done research in economics the built my primary focus in both teaching and research has been economic theory, particularly macro- economics, search theory, and public finance. within the public finance, my primary focus has been on taxes, pensions, and social insurance, particularly social security. i have done a theoretical analyses and policy analyses. i've also done research and other areas including behavior of economics and law and economics. i took classes at harvard law school as part

former senator bob dole and mac's cleveland have graciously agreed to assist us in the establishment this creep key strategic focus group. i reached out to my friend and colleague, the secretary of the veterans affairs department, the former chief of staff of the army, for assistance. he detailed the director of office. throughout the gracious support of the secretaries, and also the efforts of others, we're finding a better way forward. i ordered an all-inclusive study of the organizational structure, manpower and equipment requirements, to better ensure we have the right resources, personnel, and capabilities to meet the cemetery's growing mission. these are just a few of the steps i have taken. i have also ordered full audits of all the contracts. we don't know what we don't know, but we are working hard every day to find out everything that is possible as to those who, like, and what behind the failures, particularly to. german and contract management. for 146 years, the army has i think probably served the administration of this hallowed ground, as you so rightfully put it. clea

i hope and pray we will be able to help the small businesses create the jobs instead of just doling these censor worker jobs is all that happened in june. and i yield back to my friend from georgia. mr. graves: what is so exciting about this america speaking out program. we are getting ideas from americans that are sitting around the kitchen table and talking about what they would do if they were in charge and making these decisions. as they are watching the tv and oftentimes discussing what comes out of washington, d.c., the ideas they have proposed and the thousands of connections that have been made. and i took that to my district. and someone implemented a program much like that and developed an economic advisory council of business and community leaders from each and every county in my district to tear down that wall because washington hasn't been listening. we took that wall down and we said we want your ideas and present them to the full house as the ideas from main street itself, not from capitol hill, but we need the hills from north georgia or where the ideas come from. but bala

the recent financial crisis have underlined the multiple jobs the fed has been working to fill the dole mandate of high employment and price stability. the fed will have major work to do to fulfill the tasks. i would be honored and pleased to be able to be part of the process of responding to this challenge. i studied both mathematics and economics as an undergraduate at yale university. i received my ph.d. in economics from the massachusetts institute of technology in june 1963. since then, i have been a faculty member at the university of california berkeley and since 1966 at mit. have taught and done research in economics the built my primary focus in both teaching and research has been economic theory, particularly macro- economics, search theory, and public finance. within the public finance, my primary focus has been on taxes, pensions, and social insurance, particularly social security. i have done a theoretical analyses and policy analyses. i've also done research and other areas including behavior of economics and law and economics. i took classes at harvard law school as part

senator bob dole said, he has set the standard as a senator, as a legislative leader, and as a statesmant will stand among the best, as long as there is a senate. [applause] >> and his beloved, dear friend ted kennedy, senator ted kennedy said, that he personified what our founding fathers were thinking of when they were thinking about a united states senate. [applause] >> he has been called a patriot and warrior of the united states constitution. however, the best way that i can describe the senator is as the architect of appalachia. he is the most historic figure to ever call west virginia home, and will forever live in our hearts, and in those of our children. no one, no one can replace our senator. [applause] >> no wind can fill his shoes, and we must never forget his tireless dedication as we humbly try to follow in his footsteps. senator byrd, you've told and triumphed on behalf of your beloved mountain state, and now your time to rest has. your memory will live in our hearts forever. may god bless you and erma. may god bless the state of west virginia, and may god bless america. [

. >>> there is a revealing new report this morning on bonuses doled out by troubled banks at the start of the financial collapse. kenneth feinberg reviewed payouts to 600 executives at 17 financial companies in late 2008. and reportedly found nearly 80% totaling more than $1.5 billion were unmerited. cnbc's erin burnett is at the new york stock exchange with details. good morning. obvious question, how did this happen? >> meredith, it's pretty amazing. that number you just shared is the one that hits home, ken feinberg says 80% of the money paid out. this is -- right after the banks got government bailouts, but before they faced restrictions on compensation and they took that window to pay out what he says were unmerited bonuses. he highlighted 17 banks of the 419 that he actually investigated. 11 of those banks have since paid back their t.a.r.p. government bailout money including jpmorgan and goldman. others include well known names like aig and sun trust who haven't paid it back. citigroup was highlighted according to "the new york times" as the worst offender. two-thirds of its sev

senator bob dole said, he has set the standard as a senator, as a legislative leader, and as a statesmanll stand among the best, as long as there is a senate. [applause] >> and his beloved, dear friend ted kennedy, senator ted kennedy said, that he personified what our founding fathers were thinking of when they were thinking about a united states senate. [applause] >> he has been called a patriot and warrior of the united states constitution. however, the best way that i can describe the senator iss the architect of ppalachia. he is the most historic figure to ever call west virginia hom, and will forever live in our hearts, and in those of our children. no one, no one can replace our senator. [applause] >> no wind can fill his shoes, and we must never forget his tireless dedication as we humbly try to follow in his footsteps. senator byrd, you've told and triumphed on behalf of your beloved mountain state, and now your time to rest has. your memory will live in our hear forever. may god bless you and erma. may god bless the stateof west virginia, and may god bless america. [applause] >

it was given the doling responsibilities of promoting drilling and connecting royalty payments on this one hand. it also issued in enforcing safety regulations on the other hand. it seems as though it is only a matter of time before these conflicts and responsibilities would lead to the disaster we are seeing today. it was a tug-of-war between drilling in save do. safety found itself on the losing side of the struggle. even worse, regulatory failures have been accompanied by ethical failures. in 2008, the interior department found a culture of ethical failures within mms. the investigation revealed that over a four year timeframe, a senior employees within mms improperly accepted gifts and encased in sex and drug abuse with all company employees. this is not an isolated incident. there really is another report that found that inspectors improperly accepted gifts from all companies. additionally, at least one employee conducted inspections of an oil company's operations while negotiating informant -- employment for the same company. they found the flaws and royalty collectors have resul

we expect all hope that the other body will act promptly but if not there are backup plans to dole with the estuary discharge in advance of the deadline that the distinguished gentleman from new jersey cited. so we are -- we're together on this. we're going to assure that the issue's resolved and hopefully both of these bills combined in this fashion will bring enough interest in the other body to have a concentration of effort to pass both measures together. i reserve the balance of my time. the speaker pro tempore: the gentleman from minnesota reserves. the gentleman from new jersey. mr. lobiondo: i yield back the balance of my time. the speaker pro tempore: the gentleman from new jersey yields back the balance of his time. the gentleman from minnesota. mr. oberstar: we have no further speakers. i ask unanimous consent that all members may have five legislative days to revise and extend their remarks and include extraneous matter on the subject of these two bills. i yield back the balance of my time. the speaker pro tempore: without objection, so ordered. the gentleman yields back the