economic council to find out all day long to do your shanghai and the rest look like doing me taking it will be every week. you. will have. the mortality in this region. and i can tell you for two weeks into the . us. ninety. three. ninety three. i know that elsewhere one might turn out there is a crisis. but one region for two weeks into a year were recorded and that is definitely possible because. you. probably didn't want. to me i'd save this money dish you invest much on the whole site because if you are not healthy i don't think our communities will be default. if our pay to see is down today we absolutely want so even though one is down time is declares that we didn't appear will get that service unless we would for them to be as an adult something you can just attended on without taken down by the us and . my god. the builder is spotty and a building keep on coming down it's only because during. his season you can and that is in. the heat is always food much sure but we can do at our wife's were they brought us here today. from the government. all of us for possible want to. k

with economic council to find out how long they belong to the deal and the rest of life. will be if briefly. so the lesson we teach to the world is that the best way to defend yourself is to get yourself a nuclear weapon and of course the biggest culprit of using nuclear weapons and producing nuclear weapons and weapons about structure is why by. the united states and i find it absolutely insane that we sit here and talk about iran suppose of nuclear weapons program where you know the united states is producing every kind of weapon under the sun is spending more than every other military on the planet combined and it's involved in more war and more death and more suffering than every other nation combined and yet it's sitting there on a pedestal talking about other nations developing weapons of mass destruction it's insane that we even allow them to do this the first nation that needs to disarm without question is the united states. but also made some for ukraine's president his voice did a massive protest in the capital where the opposition hopes to gather a million man

he was director of the national economic council for president obama where he was interim role in shaping the nation's response to the financial crisis. today, the country appears to be on a rebound. unemployment rate is 7%. the wave of good news comes ahead from the federal reserve meeting ahead where they may decide rolling back on the bond buying program known as quantitative easing. i am pleased to have larry summers back at this table. >> glad to be with you, charlie. >> let's start with the budget. tell me how you see the budget agreement that was reached between paul ryan and patty mary -- patty murray dear >> this wasn't a grand bargain. it was a little deal. but it was a good little deal. invented some mindless cutting from taking place over the next year. it allows some reasonable choices to be made. grounds forome stopping the federal budget from being a big drag on economic activity as it has been over the last several years in >> because of sequestration. >> yes. and it also takes the risk of another bit of foolish brinksmanship where we close the government or worry about wh

changes and i think that is a excellent decision to replace jeff when he goes to the natial economic council and it's quite clear you need someone who can manage that and really run it. >> dr. emanuel, thank you again for coming in, sir. >> no problem. >> it's always interesting. >> good. >>> up next,ur sunday panel joins the discussion on obama care and the president's pivot back to economic issues. plus, what would you like to ask the panel? we may use your question on the air. >>> president obama once again challenging republicans to tell their plans to help the middle class and it's time for our sunday group. brit, julie, who covers the white house for the associated press. geor will and fox news political anyst, juan. the president is still talking about obama care, but this week, he made a big pivot to economic issues talking about raising the minimum wage, extending unemplment benefits. when he did this a couple of years ago and assume d the self-proclaimed mantle of champion of thmiddle class, it helped him win re-election in 2012. do you think it can help democrats win in 2014? >> w

changes and i think that is a excellent decision to replace jeff when he goes to the national economic council and it's quite clear you need someone who can manage that and really run it. >> dr. emanuel, thank you again for coming in, sir. >> no problem. >> it's always interesting. >> good. >>> up next, our sunday panel joins the discussion on obama care and the president's pivot back to economic issues. plus, what would you like to ask the panel? we may use your question on the air. [ male announcer ] campbell's homestyle. mmm! this is delicious katie. it's not bad for canned soup, right? pfft! [ laughs ] you nearly had us there. canned soup. [ male announcer ] they just might think it's homemade. try campbell's homestyle soup. [ male announcer ] they just might think it's homemade. so you can see like right here i can just... you know, check my policy here, add a car, ah speak to customer service, check on a claim...you know, all with the ah, tap of my geico app. oh, that's so cool. well, i would disagree with you but, ah, that would make me a liar. no dude, you're on the jumbotron! whoa. ah

takes over for white house official who moves into his new post as director of the national economic council> the oakland-based radio preacher who predicted the end of the world has died. a smokes person says he died at his home on sunday. he had been hospitalized after falling and suffering a stroke two years ago. he was 92. for years, he predicted the end of the world would come soon. his last failed prediction in may of 2011 gained a lot of attention. he apologized to his followers for being wrong. he is survived by his wife of 71 years. >>> decapitated birds found here in the bay area, and it's actually not as uncommon as you might think. >> we pick up discarded headless corpses a lot. >> the explanation for what's happening h and similar cases -- happening and similar cases. >>> we go to the stick. come with us as we count down to the last game at the candlestick park. >>> this is a bit different. it is the talk of one town and you can probably see why. we'll have the story and the 74- year-old woman behind the sign. wouldn't it be nice if there was a wireless company that put you on th

professor who once worked in the administration, and peter swire, who served on obama's national economic councilrecord and quite public in my concern over the actual independent of this group. i am one of the 47 technologist that wrote a letter to the president saying we need technological acumen on a technological review committee. unfortunately, that was ignored. i'm concerned that administrative division -- the administration officials comprise the entirety of this group. i do not see how you can do a truly independent review of surveillance when so many people are tied in. i think this is epitomized by the fact that this review group is housed under james clapper, under the very agency that it is supposed to be independently revealing. what you mean it is housed there? >> if you go to their website, you actually go to dni, you go to the intelligence ministry here in the united states. that is were you can get information about the group. he reports to james clapper and his agency. and that agency passes along what ever is embedded out of that report. it passes that along to the president for

now, the president's assistant for economic policy, gene sperling, director of the national economic councilthanks for joining us today. >> thanks for having us. we appreciate it. >> absolutely. want to hear your perspective on what this deal does, but specifically respond to the criticisms we just heard, including representative saying this doesn't do the comes oh particular spending we need right now. >> you know, no bipartisan compromise is ever perfect. this is not our ideal budget. but the question is, is it a step forward. and the question is, yes. it's a step forward for jobs. there's no question this will probably add 2, 300,000 jobs to our economy next year. and perhaps more. because of the certainty we provide. the sense we're not in another budget crisis or headed for another budget crisis. the other thing i would say is that had we let that sequester level stay in place, tens and tens of thousands of children on head start would be staying at home. how many more cancer research grant from top researchers nih would be denied. you can't start to estimate how harmful this would have

sort of honcho the website rollout from here on out because jeff is taking over at the national economic council. they needed to move him out of the way and bringing kirk in, sue. >> amman, before we letgo, talk to me a more about the battle that seems to be brewing between the white house and media specifically when it comes to access, access to the president and access to information. what can you tell us? >> yeah, sue. there have been some real moments of frustration for the white house press corps, folks particularly still photographers are upset that what the white house has been doing a lot lately is bringing their own white house photograph per into events but barring actual press photographers from covering those same events. there was a flashpoint just last week on air force one on the trip to south africa for the nelson mandela service, in which there was a photogenic moment, a number of ex-presidents on air force one with president obama, reporters not allowed to cover that but the white house photographer did cover that. we had a chance to talk to the president of the white house cor

. >> the white house today released a statement from the head of the national economic council lamentingation of those benefits and pushing for an extension, but that frustration did not keep the president from signing the budget bill yesterday while on vacation in hawaii. so is this the next grudge match in congress when everyone gets back from break, or is it going to be put on the back burner? let's bring in our political panel. doug cornell, democratic strategist susan page, washington bureau chief for "usa today" , and brad dayspring, communications director for the national republican senatorial committee. brad, you work with senate republicans, you used to work with majority leader eric cantor. i want to read you a statement from nancy pelosi. for the americans affected by this republican inaction, there's no time to waste. the first item on congress' agenda in the new year must be an extension of unemployment insurance. that must be our priority on day one. she calls it republican inaction. what do you call it? do you think republicans are actually going to be willing to talk abo

the euro mp for clough who heads the party's economic council told the newspaper bild that sends the wrong signal that we now say people can retire at sixty three. you can support this coalition contract retiring age. well this is the oldest pounding of the social democrat to the child's scooter. i've found it very hard to get the response moving to philly in every tradition will keep you too stupid to sell the message of increasing the minimum age for retirement to sixty seven this was praised as i'm typically social democratic week almost. it would of lost a lot of confidence with the party. some competence and included in the end of the country. note to get these metrics to tweet with economically speaking with all alternative. taking into consideration the democrat ticket the development academy. getting more and more people being called retirement age. having him in a huge tree where fewer young people have to that blow through and around the edges this is a column to read it this is a counter revolution the compre was enacted by a social democrat the christian democrat to carte

and i think that is an excellent decision to replace jeff zeints when he goes to the national economic councilit's quite clear you need someone who can manage that and really run it. >> dr. emanuel, thank you. thank you again for coming in sir. >> no problem. >> it's always interesting. >> good. >>> up next, our sunday panel joins the discussion on obama care. and the president's pivot back to economic issues. >>> plus, what would you like to ask the panel? just go to twitter @foxnewssunday and we may use your question on the air. capital to make it happen? without the thinking that makes it real? what's a vision without the expertise to execute it... and the financing to make it grow? whatever your goal, it can change more than your business. it can change the future. that's why, at barclays, our ambition is to always realize yours. >>> if you don't think we should raise the minimum wage, let's hear your idea to increase people's earnings. if you don't think every child should have access to preschool, tell us what you'd do differently to give them a better shot. >> president obama once again

economic growth is picking up as well. what is ahead for 2014? we'll be asking former council economic advisers chair ed lazear in a fox business exclusive. liz: ebay and amazon are the names that probably come to mind when you think about big online retailers but you may want to ad etcy to that list. the company did more than one billion dollars in sales this year. the ceo joins us in a fox business exclusive. it is one of the hottest websites these days. >>> tell us what you think, are you more likely to shop for gifts online or physical stores? if so and why. facebook.com/afterthebell. we'll read your answers later. ♪ [ male announcer ] what if a small company became big busins overnight? ♪ li, really big... then expanded? ♪ or their new product tanked? ♪ or not? what if they embrace new technology instead? ♪ imagine a company's future with the future of trading. company profile. a research tool on thinkorswim. from td ameritrade. well, did you know that just one sheet of bounce outdoor fresh gives you more freshness than two sheets of the leading national store brand? who

those according to a report released last week by the president's council of economic advisers.he was the topic of editorial in today's "wall street journal." employedep workers on is the headline. another extension will not create more jobs says the editorial board of "the wall street journal." it ends saying the current system raises payroll taxes on employers even as 20 million americans are still unemployed or underemployed. none of this will help the economy create more jobs. say's "walll and street journal." we want to hear your thoughts. we have a special line for folks who are unemployed, (202) 585- 5883. otherwise we have lines for republicans, democrats, and independents. on the independent line from memphis. yeah.: wonder is the world ready for jesus to show up? host: explain. caller: our money says "in god we trust," a cross or a church or anything, but i see a pyramid with a dollar bill on the top -- with an eyeball on the top of that. i wonder who is watching over us. host: ok, tyrol from missouri. we ought to extend unemployment benefits for the unemployed we can

create what he calls virtuous circle of the economic growth with his policy dumped at the nymex then maybe come in at a meeting of a government panel the council on economic and fiscal policy in the media the paddles private sector members proposed a review of the country's social security system. the aim is to tame and attain economic growth over the mid to long term they say the current social security system does not assume that the country's population will decline the council members also propose the government should discuss the key issues including bringing in more foreign workers. i am the next year will be a crucial period to realize that virtuous or by moving out of deflation. achieving an economic recovery and restoring fiscal health. i hope this paddle into the hearts of cross sectional issues are boosting ties with the government's industrial competitiveness council. they also said achieving the virtuous circle is only at a halfway point but japan is definitely seeing a light at the end of the tunnel i i the tokyo metropolitan assembly has formally approved the resignation of governor gnocchi in all say he step down over receiving

questions aimed at the development of the customs union in the region economic commission have been considered within the framework of this council has for the region economic commission. we discussed over three hundred questions in the top and relevant decisions which are now being implemented in practice it's a continued his kicking the can is to read this book what the. oh well also the situation of the financial market of kazakhstan still remained stable. a correspondent steve was announced by the chairman of the national bank of context and cannot do in the head of the weekly briefing at essential communication service on monday. according to him the growth of gross domestic product in the current year will amount to six percent according to preliminary estimates. inflation is expected to reach five percent. as a unit five percent the lowest rate of inflation in the history of kazakhstan means that the government together with the national bank received an efficient micro economic policy articulate a monetary one. catania exchange rate is stable that stood between one fifty two point seven one fifty four point three per doll

he will be coming back in january to take over as head of the economic council. back to you. lori: thank you so much. wwe're also waiting on ben bernanke ahead of the statement $1 billion worth of advice held by chief investment officer scott black. he is next with me on why you should err on the side of caution with your investments right now. 11 million tickets sold per hour. americans try their luck in the mega millions jackpot topping $600 million. the rock 'n roll hall of fame announcer 2014 inductees, and hall of fame foundation ceo on the iconic artist who made the cut this year. [ male announcer ] what if a small company became big business overnight? ♪ li, really big... then expanded? ♪ or their new product tanked? ♪ or not? what if they embrace new technology instead? ♪ imagine a company's future with the future of trading. company profile. a research tool on thinkorswim. from td ameritrade. yep. got all the cozies. [ grandma ] with n fedex one rate, i could ll a box and ship it r one flat rate. so i kn untilt wafull. you'd be crazy not to. is tt nana? [ male announ

abe made the comment at a meeting of the government panel, council on economic and fiscal policy. at the meeting private sector members proposed a view of the social security system, aim over the mid to long-term. the current social security system does not assume that the country's population will decline. the councilmembers should discuss other issues including bringing in more foreign workers. >> translator: next year will be a crucial period to realize virtuous circle, moving out of deflation, achieving economic recovery and restoring fiscal health. i hope this panel will get to the heart of cross-sectional issues by getting to the ties of the government competitiveness council. >> also said achieving the virtuous circle is only at a halfway point but japan is definitely seeing a light at the end of the tunnel. >>> all right. onto the markets. london and paris have a half day trading. ftse up by percent. frankfurt is closed and will be so through thursday. earlier most asian markets advanced on the back of monday's strong performance on wall street. nikkei rose .1%, hang seng

. >> the 1.4% economic growth rate, for those who want more, does butting heads with the united states and the u.n. security council >> yes, the falling economic growth, the economic decline, that is the serious problem that i think we should focus on. >> well, i'm wondering what happens--what happens now? should we look for short-term changes, or is the table for the world pretty much set for the near term? >> i think short term president has a very stable situation that is politically controlled. this is more of a system , and a authoritanauthoritarian state. oppression is not much. but you can't organize opposition. >> that brings us to the end of this edition of inside story. "inside story," thanks for being with us. in washington i'm ray suarez. >> welcome to al jazeera america. i'm richelle carey. here are the stories we're following for you. several u.s. soldiers are wounded in south sudan as they attempt to rescue americans. >>> delicate operation in space as astronauts try to make critical repairs on the international space station. >>> and cumber memorial of those killed in an act of terrorism 25 years ag

>>rose: and from the whitehouset obama's council of economic advisors. >> one of the big untoldstoriess we've had the slowest growth in reper cers per capita health spending. it's helping our employers at jobs, helping our families with wages and helping to make health insurance more affordable. there's a lot of reasons that that's happened charlie but one of them is definitely the affordable care act. >>rose: we conclude this evenins book, "the kid: the immortal life of ted williams." >> he struggled with anger, hewn the ball field because he liked to say he hit better angry. he was a multidimensional figure. i think that's what's interest be approximately. >> furman, okay, bradlee when w. >> funding for comearfunding acd american express. additional funding provided by these: >> and by bloomberg.a multimedi. >>> from our studios in new yor. this is charlie rose. >>rose: george osborne is here.e exchequer. architect of the policy of as you tearity. keeping borrowing cost low, recently britain's economy has started to grow. osborne says his policies are the reason why. i am pleased to h

zeints is scheduled to head the economic council next year forcing the administration to quickly find his replacement. we'll take you live to the white house briefing when it gets underway. meanwhile here is discussion of u.s. trade policy from today's washington journal. heavy heavy joining us is sandy reback with bloomburg government he is the director of global business. >> guest: thank you very much. >> host: there is picture of president obama, and joe biden talking with others about trade policy. what is going on? >> guest: in the second term of the palm administration the president obama has decided to try to reshape the global trading civil. he was during the first term more concerned about things like the affordable care act and dodd-frank legislation. he has turned oversees in imany ways. he has negotiations going on. trans-pacific partnership. another one to start with europe called the transatlantic trade and investment partnership. those are the two big ones going on. >> host: why focus on asia-pacific? >> guest: this is part of administration's so-called pivot to asia is

economic growth. man with an assault is the disconnect? >> surprising. if you go back to the shutdown the white house council of economic advisors saying this will cost us jobs out to be one of the best job creating months in the year. underlying ground swell of strength in the economy such it would have grown even absent the downward pressure from the sequester. the c.b.o. estimates we would have grown 1 1/2 percentage points fast they are year absent all that fiscal restraint. that is one of the reasons you relativy optimistic about last year. not so much that a lot of great things are happening. constantlywe are not kicking the economy in the shins like we have the last few years. whatve us a sense of bernanke's last press conference was like? anhas been through incredible period of the economy and has had to deal with some terribly difficult things. out the other side of that and in different way in two ways. end and the economy is doing better. what did he seem like? us thought he might have been lighter in his step when he came into the room. tell?how could you >> it was a rather long press conference.

. >> the 1.4% economic growth rate, for those who want more, does butting heads with the united states and the u.n. security council. >> yes, the falling economic growth, the economic decline, that is the serious problem that i think we should focus on. >> well, i'm wondering what happens--what happens now? should we look for short-term changes, or is the table for the world pretty much set for the near term? >> i think short term president has a very stable situation that is politically controlled. this is more of a system, and a authoritanauthoritarian state. oppression is not much. but you can't organize opposition. >> that brings us to the end of this edition of inside story. "inside story," thanks for being with us. in washington i'm ray suarez. >> sir charles, the round mound of rebound. he is one of the best players and biggest personalities to ever play the game. basketball star charles barkley was a dominant force on the hardwood, but he's also known for his entertaining and sometimes controversial commentary, from sports to politics and social issues, he everything. i sat down with the nba legend termed e

when we come back, we'll talk to jas jason furman, president of the economic council. live from the nyse when we come back. americans take care of business. they always have. they always will. that's why you take charge of your future. your retirement. ♪ ameriprise advisors can help you like they've helped millions of others. listening, planning, working one on one. to help you retire your way... with confidence. that's what ameriprise financial does. that's what they can do with you. ameriprise financial. more within reach. dash" ahead of the open. ata is one you've loved to talk about all year long. >> it created by the managers. tougher than expected sales environment, heightened promotional environment. these are actually quotes from the conference call. over and over again. the other side is that herb greenberg writes saying wait a second, what really happened is the ceo came in, and turned around and said maybe things aren't so great. so people might say this stock is down 20 and have i to buy it. typically a down 20 stock is down again the next day. >> someone c

they will have a ceo when jeff diamonds goes to the economic council.ortant to get that person on as soon as possible. >> what's that? >> because i think you need someone who is strong, can control it. there is some overlap. it's not just passing the key on the way out the door. that they actually can see how -- >> the ceo from the very beginning. you know who asks that questions, not just anybody, also ceos in support of the president said my god, ed rendell said, just what i said, wifls all of us same. we would have been there six months earlier, looking over people's shoulders, going absolutely crazy making sure when people, when it went right, people could get what they needed on day one. >> i couldn't agree with you more. i think that was clearly, i mean, in retrospect it was clear it was a problem. in prospect. many of us in 2010 urge that, knew this would be a big problem and knew that you had to have someone with a lot of management experience. >> why doong they didn't do it? >> i don't know. let me ask you, john heilman, yesterday we had an int

now, the city spent five and a half million dollars more, the bay area council economic institute says the event pumped five a50 million into the economy and generated $6.6 million in tax revenue. the bulk came from hotels and retail spending. >> i had a watch from the bay. coming up at 6:00... net gain in oakland. >> yes. a company is paying it forward with a tech gift helping yes you did. yes you did. no i didn't. no i didn't. did not. yes you did. [ male announcer ] find some peace this holiday. get an 8 piece meal, any recipe, with a dozen cookies baked in-restaurant. the kfc festive feast. that's a lot for just $19.99! today tastes so good. and why can you move the tv out here? the wireless receiver. i got that when i switched to u-verse. but why? because it's so much better than cable. it's got more hd channels, more dvr space. yeah, but i mean, how did you know? i researched. no, i-i told you. no. yeah! no. the importan and i got you this visor. you made a visor! yes! that i'll never wear. ohh. [ male announcer ] get u-verse tv for just $19 a month for two years with qualifying

now, the city spent five and a half million dollars more, the bay area council economic institute saysent pumped five a50 million into the economy and generated $6.6 million in tax revenue. the bulk came from hotels and retail spending. >> i had a watch from the bay. coming up at 6:00... net gain in oakland. >> yes. a company is paying it forward with a tech gift [son] all right,she has no idea. [man] no one told her,right? [son]hi! [mom screams] [ ding ] cheese plate? cheese plate. no, i made something better. you used the oven? boom. [ male announcer ] pillsbury crescents. make the holidays pop. ♪ make t♪ holidays pop. hey, that's the last crescent! oh, did you want it? yeah. we'll split it. [ female announcer ] made fresh, so light, buttery and flakey. that's half. that's not half! guys, i have more. thanks, mom. [ female announcer ] do you have enough pillsbury crescents? >>> a high school in oakland moving into the digital age thanks to a gift from a big company up the road. >> teachers see this as a golden opportunity where opportunity is in short supply. high school senior lione

austria exceeded five billion dollars the projects in the framework of the business council in the roadmap for economic cooperation between the ministry of industry in the technologies of context and in the ministry of economy failing and use of austria were launched thirty priority projects were identified to produce bins of the meeting noted the successful development of economic and investment cooperation between the two countries. they're also prospects in the implementation of projects in the upcoming second phase of the industrialization programme in kazakhstan blair witch and the one that was over much of a sudden it's the limousines. we're a pleaser we have an intensive needle cooperation. about thirty representatives of cars expanding companies took part in these meetings we see that austria has great interest to develop trade economic relations in the financial sector with us a new book about the economic relations between catholics and austria has been presented to this book discusses about the develop of relationships and brings prospects for more successful the woman on the floor seats and

move, yes, jeffrey zients, he was supposed to become the president's director of the national economic council, be his top economist starting january 1st. that is now being pushed back, now being delayed one month. gene sperling will stay on in that role for that month of january and then jeffrey zients will come in. this is more of a transitional move although this will fuel speculation there are problems with healthcare.gov, although officials say that is not the case and zients will be leaving hhs shortly. they're just not saying exactly when. >> busy day ahead. thank you. >> you bet. >>> it will be cold and snow will come to the northeast today. that's the simple truth. millions of people could see 6 inches, as much as 9. >>s in maine. this system is reeking havoc in the midwest. if you think about it, we've seen so much snow this december, makes us think will it extend into a white christmas? let's put that question to meteorologist indra petersons, who is out in the cold. >> and the snow. there's nothing about will here. we're seeing the snow. it has made its way into the northeast. we'r

however the bay area council economic institute believes there was a big enough pay off over all to justify hosting the race again. >> judging by our analysis would he would absolutely say yes. it was at least 3 64 million dollars in economic activity going on along the waterfront in different parts of the city that would not have been there or wise. >> critic call that estimate rosey. mayor ed lee will now have to sell the people of san francisco and larry he feelson to bring the cup back to the basement 35th america's cup expect to take place in 2017. in san francisco, carolyn tyler abc 7 news. >> well there is no short annual of people who want to adopt 10 week old puppy thrown in the trash and left for dead in san francisco. shelter workers named her gem diamond in the rough. wait you look how cute she is. lillian has more now from the san francisco animal care control center. >>reporter: 10 week old gem recovering from apparent bite mark around the neck and lameness in the behind leg. this is where she was dumped in pile of construction did he pwrochlt truck transporting building mater

city spent 5 and half million dollars more than it was able to raise for expenses, the pay area council economictitute sets event pumped 550 million dollars natural local economy. created more than 3800 jobs and generated 6.6 million dollars in tax revenue for the city. bubbling of the tax revenue came from hotels and retail spending. >> if 6-year-old boy in colorado being accused of sexual harassment for kissing a female classmate. officials at lincoln school in colorado springs suspended hunter yet for consisting the classmate on the hand. hunter mom says it's a crush and the girl didn't complain. she's outraged that officials are calling it sexual harassment and want the didn't placed on her son permanent record. >> taking it to the an extreme that doesn't need to be met with a 6-year-old. now my son is asking questions. what is sex mommy. it should not ever be said sex in the stwens a 6-year-old. >> hunter has had some trouble at school in the past. suspended for kissing the same girl on the cheek and rough housing. district superintendent says hunter actions fit the school policy descriptio

bay area council economic institute says the event generated about $550 million in economic activity. that's less than the billion dollars originally projected. also the race created nearly 4,000 jobs and the city gained more than there a$5 million in revenue. however, san francisco is still $5 million in the red according to numbers crunched by the "san francisco chronicle." organizers promised the race wouldn't cost the city any money. >>> still ahead at 6:00, government shutdown averted again but there's one group left out of this deal. >>> plus president obama gives a heartfelt eulogy at the memorial for nelson mandela, but it was a handshake that got many people around the world talking. >>> i'm chris san chekris sanch livermore. a nationally acclaimed youth golf coach is accused of victimizing two of his students. what the police says he admits to and why they think those victims are not the only ones. to those who've waited... worried... poked and prodded... taken risks... and lived in a state of "what if?"... welcome to a new state... of health. welcome to covered california.

that's according to the bay area council economic institute.t's far short of the $902 million projected windfall. and the race ultimately cost taxpayers at least $5.5 million. still, mayor lee plans to submit a proposal to host the next cup. >>> twitter's seconds month as a public company is off to a great start. it hit an all-time high. it's due to something users can't stand. here's kcbs radio's financial reporter jason brooks to chat. >> reporter: good morning. twitter has been on a roll this week. it went up by 15% the past two days. part of that on some new audience tools being introduced as twitter tries to become of a center for people getting their news. also, there's a rumor that activist shareholder carl icahn has taken a stake in the company. when carl icahn buys into a firm, he tends to force the stock higher. that happened with apple last august sending stocks up 10% also sending netflix higher when he invested there. twitter higher than facebook although there are more facebook shares and a more valuable company. both billion-doll

andlso taught mario draghi was also a teacher for larry george w.ho headed bush's council of economicdvisers chair in the person i spoke with who is familiar with the process says there is no plan to make an announcement for fisher this year -- this week that they are not ruling out an announcement. it could be pushed to next year as well. it is worth noting the post would require senate confirmation. >> thank you. bloomberg's white house correspondent, julianna goldman. we moved back from macros. stands to make a paper profit. it would be one of the two biggest private equity profits of all time. devon is with me now and he covers private equity for bloomberg. first of all, before we talk about pricing or timing, we know, this, the second-biggest take ever. blackstone has -- will not this.ly sell any part of >> right. it is paper profit. at the midpoint of the expected pricing range, blackstone shares would be worth about $14.5 billion. put in $6.5 billion in equity in total into the investment. >> we have talked a lot about hilton and its ups and downs. this was a huge bet for black

economic growth next year. a report by the department of labor, and my council of economic advisers, estimated that it could cost businesses 240,000 jobs. >> robert reich, rand paul knows nothing of that. >> no, rand paul, unfortunately, is not alone in knowing nothing of that. the entire republican party is saying no, not only to extended unemployment benefits, but also to food stamps. they want to cut food stamps. they don't want to have the minimum wage raised for inflation. i mean, if the minimum wage today were what it was in 1968, adjusted for inflation, it would be $10.40. the republicans simply don't believe that people who don't have jobs or are poor need some help. and they don't understand that by giving them some help, we are actually helping the entire economy, because we're putting more money in their pockets that they then turn around and buy things, and that means there are more jobs out there. >> the energy of the economy is dependent on the spending capacity within that economy. paul krugman tried to drive home this lesson in his column, saying, unemployment in today's american economy is limit

he is the chairman of the council of economic advisers.e economy is starting to show some signs of improvement. in november, more than 200,000 jobs were created. 7% of employment is at its lowest in everly years. long-term unemployed continue to struggle. the central bank will weigh both the economy's bright spots and shortcomings to decide whether to scale back the bond buying program. i am pleased to have jason furman here. let's start off with the budget deal. ss it for me. >> i think this budget deal is an important step for the economy. it gives us more certainty in our fiscal position than we have had for a while. we should not have any shutdowns or the drama we have had. that is important. the money is also important. we've managed to buy back 60% of the sequester on the nondefense side. we will be able to spend more money on research, education, everything that is important for long-run growth. we will not be contracting much in the short run, and that will help jobs. >> you think it is the beginning of a serious effort to deal wit

white house--i had an opportunity to attend a summit at the white house by the president's council with economic advisers. it is an issue that has to be addressed in light of what is taking place in the economy. >> let's drill down an a bit. we had a conversation before we went to air. as concerned as you are about income inyou quality, you're even more concerned about the wealth gap. >> if you look at income and equality. it is extreme and the worst it has ever been. but if you look at the wealth gap, the gap in wealth between rich and middle class and poor, even more so between minorities and non-minorities has really been exacerbated by the last recession. and it was caused by the fact that much of the wealth that mild class and minoritiemiddle s home wealth. >> as you mentioned, there is a fundamentally change in the job market, part time and contract workers how has that impacted wealth in the country? >> exactly. you get these global competitor pressures coming from all arm the country. the euro zones china, brazil, corporate sector in this country has to address that. the way they have ad

the economic report of the president put president put down by the council of economic advisers in 2004 in this includes a decline after 2008. the cbo was projecting this after 2008. and that's because the first baby boomers turn 62 years old and became eligible for social security benefits and the labor force participation rate goes down. so we always expect this. the question is the magnitude. and we have seen since the end of 2007 the participation rate falling by 2.7 percentage points and we think that it explains about half of them. .. as the economy continues to heal, demography is still going to be bringing out the participaparticipa tion rate down. that cyclical component will go in the other direction and will start raising the participation rate and i think it's reasonable to think that this will roughly offset each other. i would not roughly expect the participation rate is going to rise over the next couple of years and it back over the next decade and it's likely the participation rate will fall but the demography is going to be with us for a long time. spews the participat

. >> pam: they are less than area council economic generated at least 364- for the san francisco bay area. >> pam: generate. >> pam: the san francisco chronicle dollars. an airport security screener this cowboy sock monkey too real. >> pam: k-i-n-g t-v reports a t-s-a carry-on bag of sewing police. >> pam: in the end, may says no one was called and she got her sewing supplies back, minus the toy gun. he transportation security back, minus the toy gun. hi love watching tvecurity outside. and why can you move the tv out here? the wireless receiver. i got that when i switched to u-verse. but why? because it's so much better than cable. it's got more hd channels, more dvr space. yeah, but i mean, how did you know? i researched. no, i-i told you. no. yeah! no. the important part is that you're happy now. and i got you this visor. you made a visor! yes! that i'll never wear. ohh. [ male announcer ] get u-verse tv for just $19 a month for two years with qualifying bundles. rethink possible. >> reporter: all work on paid leave for psychological test and will return back to work he is now onl

he is supposed to be the council of economic advisers for the president. that's the start of the year. is he still going to start on time or is he going to be dispatched on health care through the first enrollment period? >> he is. right now he is focused on the website on which he is grateful. that will continue for the immediate future. he will become the nec director, i'm not sure of the date. the other thing is when jeff does leave, is it going to be a short-term assignment and he will be replaced by someone. both think it's important that we have someone whose job it is to focus specifically on the technology on the website. on doing what we need to do to get the and this will be the full time job. >> she there now and i don't have a departure date for him. we will make it for someone else. >> i want to get your reaction calling 2013 a lot of year for president obama. what say you? >> the president takes a long view of things as you know. i listen to your lead in and things that we didn't get background checks for guns passed and immigration reform. b

. >>> the council of economic coue big celebration if san francisco. amy hollyfield is on the embarcadero with what to expect the amy? >> good morning. we are going to expect big crowds. this is an indication with the barricades out already. they have to set them up. they are expecting thousands on the waterfront to enjoy the fire works. if you would rather celebrate in the kay there are ideas for you: you can go over to the asian art museum in san francisco for the annual ringing of the japanese bell from 11:30 this morning until 1:00 in the afternoon, said to be one of the greatest events in the country. there are plenty of fancy parties with hotels hosting in the new year include the fairmont which will cost you up to $429 a person. >> the fairmont has been such an integral part of our social fabric for so many years so if you want to celebrate in style there is no better play than on nob hill. >> a shot of last year's fireworks show, and what you can expect over the bay: a beautiful way to ring in the new year. we have our own beautiful show here i