in our bijt and legislative analyst office report in 2013 we quantifyed the econom ic impact of city college is more than 300 million kls annually to the city. 2 years later a trial brought by the city attorney demonstrated that city college was not given a fair hearing and the accredters broke the law. the schools finances are stabilized for the time being and a turn around in state funding with prop 30 and the college has a significant reserve and the publicly elected board of strust ease has been displaced in a highly questionable process and expected to be partially reinstated again in the summer. mine while city college isn't out of the woods. it lost a unprecedented number of student, down by about 1 quarter of the accredidation crisis. the civic center campus was closed this jan displacing 1 thousand student without a time line of returning. it faces uncertainty as it moves through the next phase. i call this hearing fooreview these rent events and bert understand how we as a city can keep supporting our city college. thanksgivings to supervisor kim whos district highly impact

ice fischer yesterday at the economic club of new york stanley fishermen it quite clear that we are movingar expansive to an extremely expensive society. robert kaplan is from harvard he maintained his calm when alan ruskin fell off his chair. what did you glean from the smoke signals we heard from stanley? robert: i would not say it wasn't patient. i would say he was just telling us that even when the fed goes policy is not going to be tight at all. policy will be highly a comment it is, and it should be agreeable for growth going forward. tom: how has this changed and adapted robert kaplan's world? the world of alan ruskin when you look at altra expansionary policy, what does that mean for business in america when there is money that is free? robert: the good news is the cycle is very well-balanced. we can have trend rates for a projected period of time, severe is sustainability in this recovery, and that helps for planning and businesses and robert's world. tom: rubber come in your world money has been free. does i give you a degree of confidence? robert: just because the fed is startin

. >>> as if piles of snow and ice hitting the east coast isn't enough, coming up, we're going to show you the area that also took an economic of about a billion dollars. >> apple is busy in san francisco setting up for their big press event. they got a lot riding on this. that's coming up. >>> sunshine, warm temperatures and mid-to upper 70s but we do have changes on the way. possibly some rain on the forecast. coming up next. my name is bret hembree. i am an electric crew foreman out of the cupertino service center. i was born and raised in the cupertino area. it's a fantastic area to work. the new technology that we are installing out in the field is important for the customers because system reliability i believe is number one. pg&e is always trying to plan for the future and we are always trying to build something stronger and bigger and more reliable. i love living here and i love the community i serve. nobody wants to be without power. i don't want my family to be without power. it's much more personal to me for that reason. i don't think there's any place i really would rather be. >>> storms on the east coast costing

icing on the cake. >> reporter: and the organizers say that the economic impact, because they have people coming from countries, i think, to take part in the running festival, how do they calculate the economic impact for something like this? does it benefit the city economically? >> absolutely. this is a great benefit for our city. this year they actually had 34 states and eight foreign countries represented amongst the runners this year. we see more than $12 million of economic impact, that's everything from people staying in our hotels but the -- rates donate a couple million dollars to local charities right here in oakland. >> reporter: thank you very much. oakland mayor libby shaft talking about the oakland running festival been going on since 2010. this year the organizers say there's 8% more people taking part in it for a total of 10,000 people running in that marathon, half marathon, 5k fun run, the youngest competitors as you saw in the fun run were just about 2 years old. so people of all ages and all backgrounds coming out here. it's been a fun morning, mike. back to you. >> putting a good

ice age. there are times when the weather has legitimate impact on winter as it did in certain places this winter. it is not the main driver of economicy. >> how well the economy may be doing. i'm looking at estimates of gdp of 2.8%. >> that we agree on. >> it may be that the economy has really percent veersed through. >> at this time last year i was literally cutting a tree in half in my yard dragging it out with my jeep so i could go to work because we had so much snow it was so bad. i understand boston has been walloped, but the comps should be better this year. >> you want a fascinating -- >> do you have a chainsaw with the wench on the front? >> the 18 inch steel, yes, i do. >> you wrote an interesting piece on why the fed should not be audited. >> its monetary policy should not be audited. its balance sheet should be. >> it gets to the question of whether the monetary policies are trst worthy and whether the fed itself is trustworthy as an institution. >> an updated balance sheet each week, how do we know those securities actually exist? >> we have an outside accounting firm an independent auditor currently deloitte and tush tha

ice storm further south, may be stranded at an airport. maybe canceling traveling plans but this is a significant impact. i hate to stretch a point and say this is going to have economici am not going to make that stretch but i am going to say that americans, tens of millions on an individual basis are affected by this mess. look who is just sitting down next to me. i think he has a microphone non. his name is tom sullivan. he is a professional pilot. tell me. when a plane skids off a runway at least 300 gallons of jet fuel, you have no choice but to close the airport down. >> you really do. the problem is the winds are decent enough where it's a can't really -- they don't have a lot of choices that la guardia anyway. stuart: what do you mean the winds? >> which runway you use. stuart: when you can't use a different runway? >> you can kind of use a different runway but that would be one of the options they are talking about, but there are four choices, two runways, you have four choices but only got out of that when the winds are blowing from that direction. you have to lay it into the wind. stuart: this is interesting because i don't know this stuff. you land into th