made fourteen billion dollars internationally and over five billion dollars in the united states again in profits and the money left over after it everybody else everything else but instead of owing taxes they got a three billion dollar tax benefit that's as in from you and me so how is it that an extremely profitable corporation like bank of america pays nothing in taxes and g.e. even gets money back whereas you and i are paying up to thirty five percent in tax rates why is it that corporations pay thirty percent of the cost of government the one nine hundred fifty s. but the day pay only six point six percent with you and me picking up the rest well it's not a rhetorical question it's a real question and there's a real answer it's because of something called corporate personhood for six thousand years of human history with few exceptions people didn't have rights inst charger in charge of government during those times was either a king who held a hereditary title of power a theocratic claim to divine claim to power or a warlord who would seize power by by brute force and only kings t

are jokers sano sold hundreds of billions of dollars worth of c.d.o. those probably want to include a slice of jeff sterns his pickup truck without having to put up a penny a g.'s money and then when the bill came due went to you and me for a bailout isn't about the ways now living comfortable in the u.k. three hundred fifteen million bucks you got for me i.g. and in indiana the police are so cogs with requests from banks to throw people into jail that they can't access a rest orders for actual dangerous criminals it's such a crisis for the courts in that state the superior court judge robert pigman has asked the state supreme court to sack the practice what's going on here on top of that a band of merry republicans in the u.s. house jim jordan tim scott scott garrett dan burton and of course louie gohmert have introduced a bill that would cut off food stamp assistance to the entire family of any person who's involved in a strike so if you're in debt you can be in thrown in prison and you can strike for higher wages to get out of debt because then you'

cut four billion dollars out of medicaid were people in health care we. laid off sixty seven hundred state workers and he did it to pay for a one billion dollars tax cut in property taxes you know for people like rush limbaugh with this big on beaches and a one and a half billion dollar tax cut for corporations and the great let's just pass out some money to the billionaires and corporations and cut education and it in ohio governor john casey. in ohio has cut a million bucks from the food banks twelve million dollars from children's hospitals now there was a time in this country when if a politician said you know i'm going to cut money from children's hospitals people would go what. you know danny thomas and st jude i mean people used to give money to say we've got to help the children's hospitals but apparently now the republicans are not apparently it's actually actually cut twelve billion dollars from the children's hospitals sixteen million dollars from adoption programs these guys you know they're all oh we've got you know we're all pro-life and all

west texas crude one hundred dollars fifty four cents a number that's up around almost a dollar and brant is one hundred fifteen dollars sixty two cents that's up another twenty cents today so really there's a risk that the supplies might be disrupted from the risk that in might all affect other countries such as saudi arabia one of the biggest oil producing nations in the world and therefore that could lead to a change but we're not really talking about that at the moment came to be too many thanks for talking us through that skylight in the oil price more financial. still to come later in the program american foreign policy goes under the microscope. the future some defense secretary who advises the president to again send a big american land army into asia. or into the middle east or africa. should have his head examined and find out what else he was congressman out say about the country's actions and lysaght he's the comments of doublethink. that has become common and local is to many of the creation of the bill the food system the global food system is not created to feed the people

dollar as has been pointed out on the show by many guests is the u.s. military that is to say there's no intrinsic value to the u.s. dollar the only value is if you recognize this is an exchange if you don't recognize it will bomb you will kill you it happened to saddam was saying something to iran but if you. we'll use the dollar to trade oil and other commodities will kill you that's the only thing that backs up the u.s. dollar that's the only thing that makes it of any value whatsoever it as a unit of currency is completely worthless it's less than worthless this is fun even as valuables as zynga because people actually want worth losing the dollars to raise worthless virtual best balls on worthless farmville part of worthless space blog which of course goldman sachs has taken public for fifty billion or more based on people voluntarily checking themselves into a casino good leg state known as goldman farmville well judge philip wausau in to cook making his decision said it is a considerable aggravating feature that someone hacks into systems in this

anybody who robs a bank to buy to steal dollars is just using it to fund their debt habits and it's no fun anyway so i'm not guilty of anything right and the point is that if the judge finds this guy guilty then he should find ben bernanke guilty what is the difference between zenga and ben bernanke bernanke doesn't have any collateral in which to float trillions of dollars worth of worthless fee out if you only think backing up the us dollar as has been pointed out on this show by many guests is the us military that is to say there's no intrinsic value to the us dollar the only value is if you recognize this as an exchange if you don't recognize it will bomb you will kill you it happened to saddam was saying something to it in iran that if you don't use the dollar to trade oil and other commodities will kill you there still you think that backs up the us dollar that's the only thing that makes it of any value whatsoever it as a unit of currency is completely worthless it's less than worthless it's sunny even as valuables as zynga because people actually want worthless dollars to raise

people a three hundred dollars a year two hundred billion dollars over the next three years on education infrastructure you know kinko's backers thirty six billion dollars a pay raise for everybody china's put you know put together last year an eight hundred billion dollars stimulus word there were none of that now right we tried the bush tax cuts in their legacy was terrible the expansion from two thousand and two to two thousand and seven he trough has about the worst record for any of these states that are in trouble it was constant now in trouble because the the the obama stimulus package has run out yes there's a huge fiscal drag from the expiration of the recovery act but a percentage point a year the tax deal delays that for about a year but right now you've got to drag from the federal fiscal policy from state and local to the b.o.c. crash going into the into the election year i mean yeah double dip yeah paul krugman has pointed this out it's not just the unemployment rate that matters it's the change in the unemployment rate and the tax deal results sort of moves forward draw do

it will be 5 dollars. >>reporter: just about every day you see the praise at the pump go up and up, you are fought seeing things. it is not your eyes. item a fact. triple a says the average price for gallon today in california is 3.81. yesterday it was 3.78. and just last week, 3.6 3.60. >> certainly we have been seeing 3 cents here 3 cent there and over all if you were to look at the past week we are talking about 18, 19 cents depending on where you are in the bay area. so it is an above average increase. >>reporter: above average. that's code for painful. especially for the people who have to drive for a living. people like earl l of this produce market. now it's not just the delivery man paying more as gas praises rise. price at the pump trickle down. >> we fold the praise increase of gas no a cost of doing business and we add it to our bottom listen and cost of the product going out to the customer. >>reporter: in san francisco it is not unusual to see the price pass 4 dollars. even though the average

boston and there's about a hundred billion dollars of new sales in those cities terraces. that you know that house in town so it wants that house and as a consequence wal-mart has in fact made some just years maybe sometimes even more than just yours. to say well. we want to be as we want to accommodate obama we want our comedy kind of politics of new york city so for example. how about sustainability initiatives to make their factories and suppliers have a smaller carbon footprint a cooperative show obama want to have project out less sugar in foods yeah nelson they're so anti-union and let's not forget unions are the single biggest as a funding for the democratic party tell them how in fact are they courting obama that well i mean that right they are not courting obama or not certainly our quote of the union that when it comes to that they always say we have a we have sort of a home and we have enemies are enemies of the unions when it comes to environmentalist. african-american groups. maybe gay people there make a few accommodations but when it comes to unions you're r

dollar and the increasing doubt that we see. in the global community in the u.s. dollar what do you see happening there i noticed that the fellow who was queening. gold and silver dollars a while ago i think was something like free money i don't remember the exact name of the company but he just got locked up for twenty five years a judge in the us accused him of being a terrorist so. people who think that they can somehow skirt the financial system. are wrong you know that they will. they will be dominated by the bernanke's of this world and others there isn't really a way out except to make two money and that's kind of what i try to explain to people this is reduce your need for. any kind of interaction with with the official economy and we will do better let's talk about oil for a second what role it plays it's in the triple digits again the last time oil prices were the size of stock markets plunged shortly thereafter how do you see oil prices factoring into this going forward to meet the all of the short term view is that there's a lot of volatility of the lo

thanks rory the japanese yen as it is highest level against the us dollar since the end of the second world war and climbed as high as seventy six and a quarter in u.s. trading on wednesday but it's since for them back and is currently trading at around seventy nine but all the market watches blame the stronger yen on the repatriation of assets and foreign currency by japanese insurance firms he while g seven finance ministers will meet on thursday to discuss how to deal with the global markets when the city alice expect ministers to give the plan to go ahead to intervene in currency markets steady earlier this week to grand central bank injected two hundred eighty four billion dollars in order to stabilize the country's financial markets which have been hit by a massive selloff move now to the stock markets in asia then take a raise some of the post gave this on wednesday and closed down one point four percent shares in japan and elsewhere in asia dropped after u.s. officials said the risk of a catastrophic radiation leak from france earthquake stricken nuclear plant was rising sayin

a barrel likes we just over one hundred dollars. national journal is planning to maintain its foreign oil production at ten to eleven million tons this year but his international break to look or overseas will also invest two and a half billion dollars into the extraction project outside russia and twenty eleven according to the divisions president he also said the company is still interested in the middle east and deposits despite the political instability in the region it plans to start drilling in iraq in the first half of this year. russia no way are stepping up corporation after the two sides finally came and agreements over the arctic dispute a new stage of economic relations between the countries started last year when russia norway ended a forty year debate over their maritime borders and agreed to export oil and gas in the arctic region in the region minister of trade and industry says a strategic know how and expertise can greatly help future cooperation in the energy sector. we have a lot of. strong companies have started

dollar expansion hideous one of those classic cases where the hedge their bets to. the survival of their dictator of choice and what has happened after a month of allowing could offer to reinforce his is army with sessional mercenaries to bludgeon you. those who dare to stand up to the obvious now are this intervention is too short a two and a half million lead libyans who could never return to living under market coffee well contained kind of like in a concentration camp when eastern libya around benghazi an area that has never really supported in the first place has always been a headache for coffee so i think even the idea of leaving got part is kind of autonomous free zone something like south sudan or something like that would be to do in fact which of could offer you know long run i have no doubts that this is you know how to manage the crisis done quite well they say of the regime to. prove to be a very lucrative trading partner for many countries are out states for sure at the same time they they can change their potential refugee problem there's nothing wor

of taxes going on in the state right now there's one hundred thirteen million dollars every year the state loses just from tax. businesses basically these businesses that are under reporting and no one's calling them either ones are getting them so that's one place that we can go there's other places that have special loopholes for example community hospitals or call community hospitals but they produce eighty nine percent of the revenue of the hospitals they say these are really really big chains you know they're working the state of about more than a hundred million dollars a year from their own tax dodge and we have some loopholes are just ridiculous because they're written for one place there is a large storm in the university of wisconsin madison campus that gets a quarter million dollar tax rate every year i mean this is a tax rate of supposedly written for universities across the state but it's literally written just for one dorm and this is this is a really egregious example of tax that's happening all over the state we're not addressing any of this instead we're going after

very expensive project over three billion dollars.as of now is to police the border to the extent stop the trade and stop the movement. based regulated. and i just disrupted people's lives and people responded response and this russian's challenges that this is actually suited. for a well because you can solve this disruption is police actions that you can order to enforce sovereignty of. saudi arabia from the invasion of of of yemenis trying to enter into saudi territory and so this two partners both in saudi arabia and united states. this give us some geography here where this wall and we're going to separate exactly if you were to look at a map of southwest the radio you'll see that saudi arabia and yemen share obviously a very long border and it's supported it stems from the inwards and this is an area that was captured by saudi arabia the one nine hundred thirty s. but they are under agreements with the people who live on both side of this border that they really didn't enforce or so people on both sides were able to travel back

very expensive project over three billion dollars. as of now is to police the courts of the extent where he'd stop to trade and stop the movement back and forth there are least regulated to certain extent and not just this repetition was lives. on to these kinds of disruptions and challenges and this is actually it suits the couple so as we've seen for a while because you can solve this disruption is police actions that yes they can are going source sovereignty of yemen and. saudi arabia from the invasion of a few avenues trying to enter into saudi territory and so. so this two partners both inside and united states all right so just give us some geography here where is this wall and where is this who did a separate exactly if you were to look at a map of southwest the radio you'll see that saudi arabia and yemen share obviously a very long border and it's the border it stems from the brits are inwards and this is an area that was captured by saudi rate in the one nine hundred thirty s. but they are agreements with the people who live

you will kill you happiness of i was saying something to it in iran that if you don't use the dollar to trade oil and other commodities will kill you best to weaken the backs of the us dollar that's the only thing that makes it of any value whatsoever it as a unit of currency is completely worthless is less than worthless is even as valuable as a zynga because people actually was worthless dollars to raise worthless virtual vegetables on worthless farmville part of worthless baseball which of course goldman sachs is taking public for fifty billion or more based on people voluntarily checking themselves into a casino glegg state known as goldman farmville well judge philip wausau in making his decision said it is a considerable aggravating feature that someone hacks into systems in this way when so much business and personal finance is done using electronic means therefore the sensors hastert reflect on public confidence and security systems an online business. but someone reaches security in this way and he's completely wrong look at the constitution look at what thomas jefferson had

or martini for ten thousand dollars out of exquisite new york hotel at ten thousand dollars a month. because they're crying in space to be buying experience this is you know it's used for recall sight. what makes you. unique and so special here we're going to order the dessert for staggering one thousand bucks nobody ever heard buyer's remorse that's that's for sure with the forty eight hour advance order this thousand dollars sunday is purchased up to five times a month again with the edible twenty three carat gold still isn't really have a. good it does have a very cool texture so three caviar and i. bill sugar flour which takes eight hours to make and the rarest and most expensive chocolates in the world the ice cream is served in a crystal goblet similar to the one used at the vatican just in the past couple of years people are suffering and they're saying you know why would you have a thousand dollar ice cream well you know why would you have a bentley a short ride across town angry in film a two minute water garlic onion fairly. pale trees like this one where the money that's f

forty billion dollars. on the current accounts so the first quarter likely would be. there. at least until the end of march and probably through the roi as well. let's take a look at the markets now european stock markets and makes this are the footsie has recovered from early losses while the dax is trading lower u.k. indexes helped by strong results from intertie group satellite visitations firm inmarsat dropped sharply after reporting its two thousand and ten results lying stocks are mostly low in london both rio tinto and been down resources are down. and here across the markets a close for public holiday stocks finished their last trading session in the black most of the blue chips were higher last week with banks and b. to be up over one percent. continued growth at all prices and a strengthening look of being the main drivers for russian markets in the coming week brian business from uni credit security says the ruble is giving room to the russian retail sector as well. you will continue to strengthen obviously that's going to be proved very supportive for a lot of th

very expensive project over three billion dollars. as of now is to police the ports of the extent where we stop the trade and stop the movement. or are least regular it's uncertain and i just disrupt it trickles lives and people on to do stunts instructions and challenges. this is actually it suits the machine for a while because you can solve this disruption is police actions that yes to take an argument source sovereignty of yemen and. saudi arabia from the invasion of of yemenis trying to enter into saudi territory and sell this to his partners both in saudi arabia and united states all right so this give us some geography here where is this wall and where is it who did a separate exactly if you were to look at a map of southwest the radio you'll see that saudi arabia and yemen share obviously a very long border because the border stems from the inwards and this is an area that was captured by saudi written in one thousand nine hundred eighty s. but they are under agreements with the people who live on both side of this border they

the owners of russian british have reportedly made an eight billion dollar bid to rewrite b.p.'s deal with sniffed it's another move by the russian british joint venture to try and get involved in the arctic shelf exploration as more of the story. there has been the latest twist in the ongoing conflict between b.p. and their russian joint venture ten k b p over the right to develop the enormous energy reserves in the russian all to together with roughly after media reports the russian company has offered to buy a five percent stake in b.p. for about eight billion dollars experts say the company wants to buy at stake and then swap it for shares in rosneft which b.p. plans to acquire just to remind you in january b.p. announced a deal with the russian oil major to swap shares and to create a joint venture to explore the russian arctic however the russian share holders of b.p. is russian venture take a b.p. object of the deal saying that it violates their agreement with the british company that any new project of b.p. in russia should be implemented via t n k b p so the latest offe

dollars as the u.s. dollar is collapsing of course the price of imports and the price of gas and energy as we've been talking about is going higher so these retirement accounts as bad as they are there it's much worse yet and finally on that i mean they do recommend an article that americans are told to put nine percent in there for a one k.'s but because the stock market collapse in the bank or faffed that they're saying now or you should put fifteen percent let us still more than one way to protect yourself from these banking stand against of course is gold and we heard to the global stage where we're having to compete against chinese by chinese gold standard question mark china's grab for gold this accelerating at a rapid pace and it's reason questions about the country's ultimate intensions china consumed a hundred and seventy five point two tons of gold in the fourth quarter of two thousand and ten bringing its grand total for the year to five hundred seventy nine point five tons that's a lot of gol

dollar diluting the about it they're worse than the federal reserve bank a lot of people point to the fed and they say the federal reserve bank is counterfeiting money they're destroying the value of the dollar and they use all of their banking connections to undermine the authority of the u.s. government all true but much worse is. that is worse than the federal reserve bank now this story is incredible the big print worthless electronic virtual currency this guy hacks into the mainframe as a freedom fighter to stop the financial terrorism then he resell saw some open market for fifty something cash thousand and he saw them on facebook to other people who want to use this for to raise their virtual farms on farmville or fight in the mafia wars which are in which these currencies are used and this guy's lawyer said the last his ingo was impossible to quantify because the chips were virtual and the company could create as many as it once he also said that actually michel had enjoyed little benefits and spent most of the proceeds on online gambling on other sites that used real money wh

we will talk about how we leverage dollars to those programs. family and human services, if you eliminate one child welfare worker, you will save about 60 cents on the dollar. the other problem that creates an, and you see this in counties across california -- as you start eliminating staff in those areas, the start leaving state and federal money on the table. in subsequent years, the allocations from the state get reduced, the allocations for the budget year and a budget year plus one. those are based on what counties spend the year prior. as we start leaving that money on the table, you start to get a spiraling down of our state funding and corresponding federal funding, which limits our ability to hire staff to serve needy families and single adults who are trying to get assistance to us. chairperson chu: on slides 7, you show the breakdown on general fund expenses into these areas. taking one example, if we were to take food stamps and reduce 4% general fund amount, for every dollar we reduce in food stamps we are really losing more, becaus

and lights with just under one hundred dollars per barrel. russian oil giant local is planning to maintain its foreign oil production and turn to eleven million tons this year the company's international appraiser look all overseas will also invest two and a half billion dollars into its struction projects outside russia in twenty eleven that's according to the divisions president who also said the company is still interested in middle eastern because us despite the political instability in the region it plans to start drilling in iraq in the first half of this year. now russia nor we are stepping up corporation after the two sides finally came on to agreement over the arctic dispute the new stage of economic relations between the two countries started last year when russia and norway and later forty year debate over their marriage time borders and agree to explore in the arctic region the region minister of trade and industries says their strategic know how and expertise can greatly help future corp in the energy sector. we have. a very. str

the port is using a combination of revenue bonds and dollars and general obligation bond dollars and other sources to fund a variety of projects. the biggest is the cruise terminal project at pier 27. that is in design now. it will go to bid. it will be subject to the local hire legislation and the goal is to have established. with respect to public-private partnership, the entire land use plan is predicated on the notion that there are not enough public dollars to rehabilitate all of the facilities. we are relying on private dollars to come in and do things like ferry building and the ballpark. in the past, we have relied on first source provisions to get people into those construction jobs. now we have a new opportunity to think about how to do it. how will the redevelopment agency make sure there is good local hire component to both the construction jobs and permanent jobs? let me focus on one example. we are issuing -- in the process of evaluating responses to a recently issued response for qualifications for the element of. 70. it is a 65 acre site on central waterfront. it is t

a 612 billion-dollar cut. a it does make a difference.nifica it does make is a difference and significant. but president obama's plan, the senate democratic plan who doesp almost nothing. f proposes as i understand it e 6%, 6 billion-dollar cut for the rest of the fiscal year. a 1 that is about one-half of 1%ducn reduction in spending this fiscal year and the senate demot democrats' plan it appears to me to be a 4 billion-dollartion, reduction, less than one-half of 1% reduction in spending this year. not those are fake cuts, they are tl not real cuts. this is washington talk.. that is why the country is that virtually broke. the president said he proposed a budget to the united states congress as the law required him to do, and that budget would cause us to live within our means and to begin paying down e the debt and that is what the budget director said in testimony before the committee, what planet are they on.deficitd the lowest single annual deficis wants to dispute the side like to hear it. 1year it's o

announced that he plans to spend five million dollars here within the next five years but obviously many indians are worried about what they're seeing over in japan she did design those nuclear reactors that have caused so much damage and destruction in fukushima and according to japanese law she will not be held liable for any of that which could save them potentially tens to hundreds of billions of dollars now this comes on top of a huge scandal that's rocking india today wiki leaks the whistle blowing web site actually released thousands of cables showing that americans knew about bribes to indian politicians to make them sign that the u.s. indo nuclear deal back in two thousand and eight so that's clearly not helping american image here in the subcontinent right now india is planning on increasing its nuclear atomic generation thirteen times by twenty thirty so there are several american companies not just g.'s that are very keen on trying to get a stake in that but as of right now india doesn't want to have another potential disaster like what they're seeing over in japan happe

very expensive project over three billion dollars. as of now is to police the courts and extent really to stop the trade and stop the movement back and forth or are regulated to certain extent and that is the destructive people's lives and people respond to these disruptions and challenges. this is actually. the machine very well because you can solve this disruption is police actions that yes that they can are going source sovereignty of yemen and. saudi arabia from the invasion of of of yemen he's trying to enter into new territory and so. well this too is partners both in saudi arabia and the united states. just give us some geography here where is this wall and where is this going to separate exactly if you were to look at a map of southwest the radio you'll see in saudi arabia and yemen share obviously a very long border to support it stems from the heart and even worse and this is an area that was captured in the one nine hundred thirty s. but they ahd under agreements with the people who live on both side of this border they re

run into the tens of billions of dollars tens of billions of dollars two hundred billion in contracts again this is a black hole. of non accountability that's why america starts the wars in iraq and afghanistan as a place to launder money into place to throw money into the pockets of financial terrorist of course ten billion dollars channeled back to wall street is a trillion dollars in derivatives used to attack us so it's things the precious metals markets that are attacked routinely by these guys because they fear precious metals to keep their turn see fractional reserve a zero percent interest free reign of terror alive and. it's just remarkable that people in wisconsin for example in america are struggling to keep their little itsy bitsy union wages against the growth of the money supply there and people attack them in america they tack their own because people are getting a living wage and yet they do nothing about the terrorist right there scott walker who's down with the koch brothers and other terrorists so the commission report goes on to say that this tens of billions stole

euro said has been devalued by banks have a tween three point two five billion dollars. looking ahead to the russian markets are likely to perform in the near future michael stein from old cliche i believe the equities are see here are still offering good value given the increase in risk aversion and the increase in volatility that we've seen that investors are more most likely going to take use from what's happening with western markets with a focus on what's happening in japan and also what's with that what's happening in in libya that's the russian equities remain very cheap especially given the elevated will prices that we have out there we think in the medium term you're going to see a strong performance and it will gas sector which is going to benefit from forthcoming upward revisions to world price forecasts and also. pending tax tax reform changes. as the hours business news will be back with more and you can find the latest dot com slash business. wealthy british scientists. sometimes tirelessly. market finance come to. find out what's really happening to the gl

a year that's one trillion dollars over ten years that will you know that will cut that would save a lot of because obama is slated to propose and i save a lot of jobs probably to save a lot of teachers that i save a lot of money the kind of education now i just want to so i'm assuming also that this was inspired somehow by the british version you expand but they then again you know saw security measures coming their way much sooner so now we're really seeing it come to the forefront in the u.s. the quickly what are the next plans you have this big demonstration this last saturday i hear that perhaps tax day april fifteenth might be next well we're going to have a number of actions as we move forward taxis definite going to be a big all out i don't want to go big all out assault if you will as far as protesting against corporations since they pay zero taxes i mean in two thousand and ten bank of america they just released on friday today as you see that they're not paying the taxes in two thousand and ten so as we move forward we're going to have actions visit. us uncut orgy find out

as cecelia reports it's not uncommon right now to see gas above 4 dollar a gallon. >> got to be 5 dollarseems like just about every day you are seeing the price at the pump go up and up, you are not seeing things. it is not your eyes. it is a bingt if a. triple a says the average price in california is 3.81. yesterday it was 3.78. and just last week, 3.60. >> certainly we have been seeing 3 cent here, 3 cents there and of all if you were to look at the past week we are talking about 18 or 19 cents depending where you are in the bay area. it's above average increase. >> above average code for painful especially for the people who have to drive for a living. people like earl of early organic produce market. now it is not just the delivery man paying more. gas prices rise, the praise at the pump starts to trickle down. >> we fold the price increase of goods into a cost of doing business so we add it to our bottom line and cost of the product going out to the customer. >> in san francisco it is not unusual to see the price pass 4 dollars even though the average is 3.87. cab company owner john

an hour 5 years ago are now paying only 11 dollars or even 10 dollars an hour. but at least there is more jobs out there today. so i'm thankful for that. >>reporter: maybe something we can all take away from vickie the woman we met in the piece right there. after 35 years in the grocery industry she couldn't find work there any longer. but during those 11 months she was unemployed she took a step back. took a look around and reentered the work force in a new business. in daly city, abc 7 news. >>> still ahead tonight at 9:0 9:00. governor brings his campaign for a vote on taxes to bay area business leaders. >> parents say city officials are ignoring calls to fix a dangerous sidewalk in berkeley. >> drama on new york high-rise. find out how this man was rescued from a broken scaffold. >> accu-weather forecast cente center, weekend won't be complete wash-out but it will be partly wet. show you which part in my accu-weather 7 day forecast. >> also tonight. what bird watchers call the events of a [ male announcer ] this...is the network. a living, breathing intellig

hundred one dollars forty nine cents up one dollar eighty seven two factors here very important there is of course worries about supplies coming from libya concerns over there right now centered on the statement that fifty percent of production has halted already in the whole country but supplies are still coming through and nobody knows what's going to happen from that country whether it will spread into other countries such as saudi arabia which is of course one of the biggest oil producers in the world and also according to the american petroleum institute crude supplies to the united states fell unexpectedly and this is also contributing to this is limiting gains on most stock markets especially in the united states and in europe but for russia it's actually quite a favorable factor because russia is very well centered and most them do stocks were driving the markets forward and we got more business with you in about ten minutes time and we did we'll see them thank you for that update well also still to come later in the program america's foreign policy goes under the microscope.

use the reserve will see the dollar price of oil go crazy. we whether or not if they start tapping offshore offshore brazilian oil fields ok well you know you think about that i mean again i mean i guess we're going in different directions here i still think that we will have these exporting countries and listi with the middle east because that's in the news right now they're still going to want to get their oil to market aren't they if you're going to want to have even the same customers they don't really care they want the money and russia is an energy exporter it just wants the money it doesn't play politics with it. i was told by someone in washington about twelve years ago who's highly informed details that there's enough you have enough. oil u.s. intelligence satellite reconnaissance and other physical tests in the disputed territory between yemen and saudi arabia to feed the entire world economy for the next fifty years that's only one example somalia is another one the world is swimming in oil we're running into oil not running out of

now that's around ten billion dollars from last year pushing him out a scene places to write them to school seen on the list not a very top at the falls rich this number one with mexican media. with an estimated wealth of seventy four million dollars it is we said many russians making that list in fact there are now one hundred one of billionaires in russia that's up from sixty t. last year russia is now home to fifteen of the world's hundred richest people and much of this wealth has been generated by a big move in commodities in the country will prices rising and metals and other natural resources really driving russia's economy and contributing largely as we've seen to say much of the wealth that have meant meant that many russians have made that proves rich this year and then our reserves are in chief of business new europe magazine says forbes list of let's move up the russian economy from one dominated by industry to the service sector. this structure of the list i think reflects the transition process in emerging markets in the beginning there was nothing in anything you build

profits on dollars taxes on billions of dollars and cry. it's and the timing couldn't have been more appropriate as the new york times reported last week general electric the largest corporation in america made more than fourteen billion dollars in profits last year worldwide over five billion of that the us i wish taxes that they pay zero zero in fact they got a three point two billion dollars tax credit in other words we need a g.e. for making mind bogglingly high profits so it makes sense to you so it seems like g.e. should be just fine with their massive profits right. yes again mychael freelance labor journalist union organizer joins me now to tell us that g.e. is planning to screw their own workers with all their profits from not paying taxes mike welcome it's great to be on the show again tom thank you mike i appreciate it and thanks for being with us so what is g.e. up to so basically the new york times reported on friday that g didn't pay any taxes in fact they got three point two billion dollars worth of tax credits right now g.'s

leave this house in west baltimore to come here a job a living and a piece of baltimore's million dollar harbor revival until one day he and the other one hundred sixty employees of disney's e.s.p.n. zone were told they had been laid off effective immediately i'm working. for free from. these. cuts and that's colin are joining the ranks of baltimore's unemploy it's a crowded place with eleven point four percent of the city's residents right now struggling for both. of you know you would go through more. but business is booming in the inner harbor a luxury retail and dining district that the city has sunk millions of q. and made its model of economic development people. who don't know what. i mean people or disrespect but like much of america where the richest twenty percent own eighty four percent of the wealth baltimore's harbor is split along class lines. the workers who work in these restaurants can't even eat what they're cooking because they charge the same price seven dollars for a hamburger and ours wage and racial line yes you can say it's a class thing but ironically enough most

how much the government says we could save by replacing dollar bills with dollar coins. plus, turn in off technology, what is behind the event that asks people to put down their smart phones? >>> making san francisco's mission district safer. how police officers, city leaders and outreach workers are trying to repair gang tension. >> hundreds of pg&e employees are right now inside this warehouse at cow palace. coming up we'll explain what they're doing here and how it's related to the san bruno pipeline explosion. >> an investigation in the port of san francisco, the event that could lead to the creation of new jobs. >>> good morning. welcome to mornings on 2. it's saturday, march 5th. enjoy the dry weather while you can. the rain is coming back! let's get a quick check of the weather with rosemary. >> good morning! it's going to be a fairly good- looking day. we've got dry conditions out there, we will turn mostly cloudy by the afternoon. this morning we're waking up with those high clouds, and we're slightly warmer than we were yesterday. the rain arriving tonight we c