dollar. i think big going to this is helping it in this area to what extent i'm not very sure i was just at a conference of poor press conferences in new hampshire and because being accepted and they were there were various panels talking about bitcoin so i think it's being used as a means of payment i wouldn't quite call it of money yet because nobody really quotes prices or not many people do in the form of bitcoin but i don't think in any way you stabilizes. the u.s. defense capabilities or u.s. currency. and that was just of salerno academic vice president of the lou think of on mrs institute and professor of economics at pace university stay tuned because the treasury claims as repaid nearly all of its bailout money but prime ministers are just seen underhill as around to challenge this. i would rather as questions for people as if it's a step speak on their behalf and that's why you can fund like you know larry king now. right here on r.g.p. question more. feel is it possible to navigat

dollar. i think big going is helping it in this area to what extent i'm not very sure i was just at a conference a porpoise conference in new hampshire and because being accepted and they were there were various panels talking about bitcoin so i think it's being used as a sacred no means of payment i wouldn't quite call it money yet because nobody really quotes prices or not many people do in the form of bitcoin but i don't think in any way the stabilizes. the u.s. defense capabilities or u.s. currency. and that was just of salerno academic vice president of the would like of on me says institute and professor of economics at pace university stay tuned because the treasury claims as repaid nearly all of its bailout money plus prime minister to syria justin underhill as a round to challenge this. i would rather as questions for people and physicians will instead of speak on their behalf and that's why you can find my fil larry king now right here on our t.v. question more. you know that you wo

and 14,779 dollars. there are also costs to not preparing units for occupancy. they lose hud subsidies and also tenant rent as long as these units remain vacant. rent represents 33 percent of the authority's public housing program budget. failure to collect rent means that other important agency functions cannot take place and those functions include things like ongoing maintenance and repairs. since 2010 the average number of delinquent -- 2572 delinquent tenants at the housing authority, only 19 percent were on payment plans. in accordance with hud guidelines, the housing authority is allowed to write off the uncollectible rent each year. the average amount of rent that the housing authority fails to collect is over 1.5 million dollars annually. in addition to rent the other opportunity that the housing authority has to generate revenue is to charge tenants for damage caused by them to units. this is standard, but san francisco stopped enforcing this policy in 2009 and as a result the department has fe

twenty three trillion dollars ten trillion dollars more than even the new york times yes so the new york times they had calculated twelve but you calculated twenty three trillion. and that's because of certain backstopping he basically included everything under the sun every single commitment the government made even if there was collateral backing that so it was a much broader measure of how much the government had actually committed to these things sort of thing in your process of course he was the special inspector general of tarp and he resigned in march of two thousand and eleven because he was so disgusted with the process and i think we have a quote we can pull up from the treasury is like in the football and it detracts from the massive moral hazard created because it makes the government's backstop explicit and incentivizing the exact same types of behavior that led to the last crisis and will almost certainly cause the next pretty dire that's pretty dire but you know we've seen this happen time and time again and you know this behavior it's even still going on now it's moral ha

recording facility tens of thousand dollars in teddy bears one hundred thousand dollars in backpacks the only reason we're finding out about it is either because of the special special inspector general for iraq reconstruction stuart bowen or a special inspector general it's a mouthful for afghanistan reconstruction on top of the problem with cigar insecure this acronym for both is that there mandates are short and the centrally even before the war ends we don't have a permanent office for a special inspector general for overseas contingency operations that's what wars are called where we can monitor and do oversight over american taxpayer dollars otherwise we're only going to continue see more bones more even more k.b.r. more for the charging overbilling the government or staff sergeant. where they're putting a million dollars in d.v.d. recorders ten thousand dollars in you know a teddy bear or a hundred thousand dollars in back this is a serious problem it's a serious waste fraud abuse corruption problem and the american taxpayer. is there any indication of exactly how much money o

home he's got four hundred million dollars in the bank but that mill. in dollars is going to pay as late as yacht payment so he's upset so they're going to try to bring in let's let's do way some more civil rights let's torch the constitution let's torch the bill of rights so some hamptons schmuck doesn't want to miss this happens she's lucky yacht payment for five seconds let's talk it all but all down but america down sort of. very much i mean that's that's that's the priorities that you have in america and that's why only the people living there enjoy their slavery slavery is legal and they love it well you know the point is that ok whether or not this money it will miss their founder whatever blah blah blah the f.b.i. started investigating was the f.b.i. ever called into the john courson thing did they ever investigate what happened to the thousands of farmers who lost their segregated accounts remember these were guys hedging that fail a possible failure of their crops that said there was a a real failure of the banking system and the peekaboo acco

could use an extra thousand dollars in his or her pocket. you know stuff you make a lot of sense to me do you think that the fact i want to talk about students and how little power they seem to be having you know do you think that students who don't have that lobbying effort in congress are they getting shafted in deals like these well there's really no incentive for the government to help students out there's no bankruptcy protections on student loans and it doesn't matter if you're broke it doesn't matter if you're disabled or facing health issues you have to prove. economic hardship in a court of law which is very very difficult i started occupy student debt dot com a couple of years ago and collected stories from around the nation hundreds of people submitted their tales of how student debt affected them from students to former students baby boomers senior citizens all talking about the hardships they faced with possibly losing their retirements losing their homes and being unable to sharjah said bankruptcy and now the department of educ

dollar. i think big point is helping it in this area to what extent i'm not very sure i was just at a conference of poor press conferences in new hampshire and because of being accepted and there were there were various panels talking about bitcoin so i think it's being used as a means of payment i wouldn't quite call it of money yet because nobody really quotes prices or not many people do in the form of bitcoin but i don't think any way you stabilizes. the u.s. defense capabilities or u.s. currency. and that was just of salerno academic vice president of the would we combine mrs institute and professor of economics at pace university. because the treasury claims as repaid nearly all of its bailout money but prime interest producer justin underhill is around to challenge this. they were ready to do anything for their country. is to love the country more than yourself if you join the military or any other reason. you're probably not going to have a good day they were in the hands of the state

fewer dollars. that doesn't look too good. one of the things that i thought that was very interesting about what happened this week is is that we have seen now proof that the fed's purchasing activity does not control rates. it's the market's expectation about what they're going to be doing. so you sort of start to lose that illusion. as the rates go higher, we are seeing it in equities. still, rates are very low. people should remember that. the price of equities is not exceptionally high. there's still some places people can look. >> rates are low, but they've gone up a bunch recently and that makes the dollar more attractive. would you rather invest here and get 2.5% or in switzerland, get essentially zero? that's part of the reason the dollar is stronger. you think the dollar is strong, that's great. but it only helps you if you're dan and dancing down the boulevards of paris, wearing a beret. if you're anybody else, say boeing or caterpillar and have to sell your goods overseas, then it hurts y

to move the price of silver up one dollar than it does it take it down one dollar so clearly that market whether it's the n.s.a. working with goldman sachs or j.p. morgan is rigged in a way using prism and other technologies i'm very familiar with of course having developed a lot of these technologies back in the ninety's but the market has raged in such a way that it recognizes a cell order to have fifty times more weight as far as a computer is concerned than a bio outer and you have this distortion in the marketplace i want to ask you mark o'brien about on the ground in ireland of course ireland is one of the first countries to go into the troika meat grinder the i.m.f. meat grinder they've been destroyed like greece has been destroyed the valuable assets are now falling into the hands of private contractors defense contractors mercenaries the same people that support prism and the global police state are the people in ireland now are waking up to the fact that gold and silver are part of the way that they can preserve their wealth and sanity while the poll graham of the troika the fi

those items together total 6 million dollars. we have a 7 million dollar problem. what's the last piece? the last piece is the hud money outstanding premised on us established a maintenance mechanic position. it's that vital that we do this and it's being held up because we don't have agreement from our craft ewe you knows to be able to establish this position. if we do this, we can build a budget that's balanced, we can start rehabbing our units. if we don't call out of this serious deficit this year, we'll be broke. >> thank you for that sobering reality check. supervisor campos is going to take over the rest of the hearing. he's going to be managing the public comment so sir, i assume you're... >> yes. >> public comment is now open. >> thank you. so i have a

those items together total 6 million dollars. we have a 7 million dollar problem. what's the last piece? the last piece is the hud money outstanding premised on us established a maintenance mechanic position. it's that vital that we do this and it's being held up because we don't have agreement from our craft ewe you knows to be able to establish this position. if we do this, we can build a budget that's balanced, we can start rehabbing our units. if we don't call out of this serious deficit this year, we'll be broke. >> thank you for that sobering reality check. supervisor campos is going to take over the rest of the hearing. he's going to be managing the public comment so sir, i assume you're... >> yes. >> public comment is now open. >> thank you. so i have a number of speaker cards that i'm going to read and i will ask folks if you can /haoeupb up by the aisle on your left, our right. and you each have two minutes to speak. again, we want to thank all of you forcoming out. bob, phillip, antonio, dell, richard may, joe, jessica, victoria, daniel, ace on the case,

dollars in las vegas. mcdonald becomes the second public safety leader in san jose to step down this year. in january chris moore retired as san jose's police chief. city leaders are still looking for his replacement. >>> a strike is looming for the two largest unions of civilian workers in oakland. members of the union's representing city tree trimmers, truck drivers and engineers, voted to authorize a strike. a proposed two day strike could happen around the 4th of july holiday, although no official date has been set. the workers say they have not yet made -- they have not had raises since 2007 and are now being asked for pay more for their health and pension benefits. >>> 2300 bart workers are also considering working off the job after the bart board proved a new budget that makes replacing trains the top priority. they are currently in contract talks but have asked for a state mediator. the bart general manager says costs need to be contained. >> their medical and pension benefits have gone up signific

in which they were implicated two million dollars spiled project spiraled into a seventy million dollars project and the government was so mired in it they couldn't really extricate themselves so there is a lot of wasteful spending and a lot of these private contractors have little to no oversight well that's different from the independent foreclosure review which means also lucked out because once they wasted two billion dollars they did pull out a lot of opinions on dollars for those who need it and then the shots were sent to the wrong place and cetera et cetera but i think one of the interesting structures about booz allen is how it's capitalized and it's split off i think one of the subsidiaries became owned by the carlyle group it was an i.p.o. and that was in two thousand and eight and now carlyle group is actually a majority owner in this in this company that has all these close ties to the government and then getting back to the independent foreclosure review it's an interesting parallel but you know we talk about tory financial group another cozy institution the shadow regulato

connections to this secrecy organization wiki leaks who has chartered a two hundred forty thousand dollars private jet to transport snowden to iceland where supporters hope that he will be granted asylum the twenty nine year old mysteriously escaped to hong kong after leaking secret documents to the guardian newspaper to describe two n.s.a. surveillance programs and has been in hong kong ever since for more on who is spending big to save snowden here's our tease liz wall. well the man who exposed secret u.s. surveillance programs is on the run but many of his supporters are trying to fight for his freedom icelandic businessman olafur girvan since says he has a private plane ready to fly snowden from hong kong to iceland the businessman has ties to the whistle blowing web site wiki leaks he told reuters that he may be able to fly snowden to iceland as soon as tomorrow if the country's interior ministry grants. and confirms that he will be extradited to the u.s. and was formerly the c.e.o. of data cell an icelandic company that process donations for wiki leaks i spoke to the c.e.o. of the co

of your tax dollars on employee conferences and just the last two years. and told me we have some kind of q on this i guess this is so that the virus can produce more work and that their employees can have more value they can collect more taxes do we have any evidence of this we have no evidence of that but we do have. some data from from the audit fifty thousand dollars was spent on a video production and we have a clip from their star wars perry parody training video that took sixty two hours of south time to. eight. another member of the landing party is hailing us on screen the. captain of the complex tax evasion scheme. it was difficult to follow but in the end we got it. on the street amazingly. good work. this was an actual i have created you know you know this is going to collect more money for the taxpayers or help the irish people maybe just well they just prove that they are now using social media to help with their auditing process exactly that's kind of been a controversial idea recently be careful what you tweet exactly and they also spent se

of your tax dollars on employee conferences and just the last two years. and told me we have some kind of q. on this i guess this is so that the virus can produce more work and that their employees can have more value they can collect more taxes do we have any evidence of this we have no evidence of that but if we do have. some data from from the audit fifty thousand dollars was spent on a video production and we have a clip to from there start. parried parody training video that took sixty two hours of staff time to create. another member of the landing party is hailing us on screen which. covers a complex tax evasion scheme. that you know it was difficult money trying to follow in the end we got it. and not on the street can that amazingly. good work. this was an actual i have created you know you know this is going to collect more money for the taxpayers or help the irish people maybe just boost morale while they just prove that they are now using social media to help with their auditing process exactly that's kind of been a controversial idea recently

writes down that eleven billion dollars investment by approximately nine billion dollars of which five billion dollars was related to accounting improprieties. we're with the or it is for autonomy. sort it is i think with a lot we were h.p.'s what it there's ernst and young h.p. even hired a company another water to k p m g another big four accounting firm to do was to do an evaluation of what would help in its purchase of of what time to be these are three of the four big four accounting firms and all of them were asleep by the wheel they had access to management they had access to documents and none of them poor the accounting improprieties that were that were publicized by short sells years earlier or or by great down the linux so the problem that we have here is why are accounting firms asleep at the wheel well that's a great question and i wish we could answer that with respect to companies such as a global but let me get to a quote about short sellers this is you in an interview short sellers uncover more fraud than the auditors that have access to the books and records is that s

backed by the end the ruble the euro and the dollar now that's definitely coming in s.t.r. global currency what should they try to roll up its again that the going back to the top of the show that these german or to just get longer and longer and longer i mean this will take one hundred trillion dollars of bad global debt and they're going to repackage it as a special drawing right or s.t.r. and they're going to extend the maturity to one hundred fifty years and they'll try to just to kick the can down the road again but of course gold will sauce this out and be it five thousand dollars an ounce so good luck with that anyway stacey herbert thanks for being on the guys report thank you so stay tuned for the second half. download. publication so choose your language stream quality and enjoy your favorite. if you're away from your television just doesn't matter now with your mobile device you can watch your t.v. any time anyway. she was looking for love and she found marriage she wanted children a mil she has eleven. she's ok but others been and seven adopted children are h.i.

backed by the end the ruble the euro and the dollar now that's definitely coming in s.t.r. global currency what you and i try to roll up it's again that the going back to the top of the show these german word to just get longer and longer and longer i mean this will take one hundred trillion dollars of bad global debt and they're going to repackage it as a special drawing right or s.t.r. and they're going to extend the maturity to one hundred fifty years and they'll try to just to kick the can down the road again but of course gold will suss the south and be at five thousand dollars an ounce so good luck with that anyway stacey herbert thanks for being on the cause report thank you. stay tuned for the second half. of. the system. one more toward specific to make. guys like this. with them. absolutely call it stealing argued that the reason why guys like these results of such targets was because of these very procedures that feed jeff alone a. nobody chooses to be homeless no one chooses to me and now sorrow. isidro's for the show to. get in the six pm get out six beat six i

--just over 20 million dollars in deposits, ending balances of 147 million dollars. there is a policy itself is in london the -- set the target reserve level equivalent to 10% of revenues and if we exceed 10 percent of revenues the reserve is effectively capped; the reserve flows to the general fund. there is not a magic number here but the best practice is between that range and the reserve policy itself contains 10 percent. you can see that the reserve balances we expect to end this two-year period with total just under 4%, the cities position has improved over the last several years as we recover from the downturn. another way that people talk about stabilization reserves at times is trying to maintain between one and as high as two months reserves. -- as we indicated on the slide there is also a growing general reserve in the budget before you also adopted by the board as part of the financial policy, it surface like a different purpose intended purpose for the policy is to absorb cost increases or revenue declines above and beyond those assumed in the budget wit

the dollar is a little stronger across the board. aussie/dollar, 94.31.o 93.93, which is a 20-month low. the weak chinese data, we'll get into it, trade data, weaker -- suggesting consumer weaker as well. sterling off to a pretty good week, up nearly 4 cents. weaker today at 1.5527. euro/dollar steady. that's where we stand now. let's recap that asian session. li in singapore. >> reporter: thank you, ross. china and australia markets were shut for public holidays today, but there is still plenty of action here in asia. japan staged a big bounceback, up nearly 5%. sentiment got a lift from that better than expected u.s. jobs report. at home, we also got an upward revision of japan's q1 gdp and strong bank lending numbers. there was also confirmation that the country's biggest pension fund is buying more domestic stocks. japanese exporters were among the biggest gainers as investors swooped in to pick up recently beaten down stocks. sharp shares soared over 15%. automakers on the bottom row also gained momentum. toyota, honda and nissan gained between 4% an

th have lost at least a billion dollars of the past two years, a billion dollars lost to my gone, burnedp in the solar stem. an effort to sl the division failed. shocking. 280 workers are expected be laid off. oil futures briefly hit their highest levels since last september. concer fueled the early gains that oil turned sghtly negative selling at $97.707 per barrel. next on "money," moonlighting for hundreds of thousands of dollars as a consultant. while working full-time for the state depapartment. you and me. that is exactly what they have been doi we have former senator scott brown to wgh i in on the power of "money". plus, is buying that fake bag were going to jail? a crackdown on counterfeit goods inhe big apple can put regular shoppers behin bars. more "money" coming up. melissa: in first. ♪ melissa: whether it is on wall street or main street, anyone who owns stock in dreamworks animation. origin series. making more than 300 hours of programming for netflix. the sho will feature characters from shrek, come to pand and other popular franchises. investors clearly loving the news. w

government spent two billion dollars constructing the ultimate weapon in total secrecy since then the budget has grown larger and larger every year in one thousand nine hundred six the budget included an eight million dollar price tag for a mysterious project code named aurora the following year the amount for the same allusive project rose twenty two point three billion dollars right before vanishing completely from the books and although there is no certainty as to what a roar actually was aviation enthusiasts have speculated that it was the predecessor to the s r seventy one blackbird a supersonic plane that spied on america's cold war and it means money being thrown into a black hole in total secrecy. sounds par for the course unfortunately although we'll never know what these classified programs do and tale we do know how much is supposedly beings bent. as of this year the pentagon's black budget was cited as fifty one billion dollars the price tag is extremely important because it exposes that the u.s. military is spending more money in secret and what every other country in the

to the tune of one hundred thirty billion dollars g.e. was given one hundred forty billion dollars is this if he does a nation really mean that the next time if there is one that they won't be bailed out i think that's you know that seems to be the insinuation here and i you know in that way if you if you listen to the g. c.e.o. he actually is he wasn't necessarily disagreeable with respect to the new designation for a g so. i think that that's kind of what they're hinting to is that you know there's not going to be any more bailouts and you're not going to be too big to fail any longer so what we're going to do now is regulate you would a federal level maybe more stringently so in that way i think it would make sense let's just see how these how the regulations fall into place because you don't want to stifle the free markets and the economy with respect to these banks and this if it does nation is not final because there has to be in a process. that is going to go through the final ruling will be made by treasury secretary jack lew when

and they also spent sixty four thousand dollars on gifts and trinkets . they just never ends does it. got to love what's going on that way government. conference a thanks for weighing in bob and if you would like to follow us on facebook you can find is that facebook dot com slash prime interest and on twitter we're at english p i and i am perry and r t bob thanks for joining. and have been a day of ways don prime interest but not of your time i assure you the united states has come to close to one trillion dollars into the iraq conflagration and thousands of troops in casualties have suffered but he couldn't lock down the oil contracts and stephen leeb warned us that while the us is waging wars china is moving in under our feet and securing the rights to the richest resources bryan tackett explained that we're wasting our energy on trying to grow the economy rather than preserve it and the auditor of the auditor found forty nine million dollars thrown away at lavish government contractors hope you guys had fun and that it was in a waste of your time and

it is historically budgeted around 9 million dollars. we are doing a review of our spending of the 11 1/2 month mark and we do expect to see savings this year in the litigation reserve, and we will provide that to the board on an update to the board later today. the second reserve, the salary and benefits reserve is also reserve budgeted annually by the mayor and the board to account for mou related expenses that aren't directly budgeted in the departments. such as police department retirement payouts; we do not project at this point to have savings in the current year. i think that mr. rose rightly pointed out that the last year at this time or roll forward approximately six dollars and that reserve to the current year budget. the purpose for that carry forward was to pay for the expiration of furlough days in the police department in the current budget that were not explicitly in the police department so we had a very explicit use. >> supervisor breed: we are proposing to take what we will put into this reserve and utilize that basical