german chancellor angela merkel left for the meeting supported by economic news at home. she also indirectly criticized u.s. federal reserve policy of quantitative easing. germany says it could cause instability. >> this time, everybody must ensure that global economic growth is more sustainable and long-lasting than what we thought a few years ago. >> the u.n. secretary-general is urging greater focus on the world's or and disadvantaged. >> i will do my best to ensure that the world's biggest and strongest economies create solutions for the poorest and most vulnerable people are around the world. >> demonstrators in seoul may welcome the words, but it will be expecting concrete action. >>> can there be good news in germany? >> the council of economic advisers, the five wise men, are predicting smooth sailing ahead for the german economy. they predict strong economic growth this year, with a slight drop off in 2011. the forecast is for growth of 3.7% in 2010, making it the strongest in a long time, on the back of an economic boom, with unemployment continuing to fall furth

noting that it is not just a new economic power, but a new economic -- new political power as well. that with that comes responsibility. he talked about free media and the rule will lot as well as political scrutiny. very careful not to sound like he was lecturing his chinese hosts. >> arguing for a strong relationship between our countries, i want this to be open with each other. but constructive dialogue in the give-and-take of mutual respect. the rise of economic freedom in china over recent years has been hugely beneficial to china and the rest of the world. i hope that in time this will lead to greater political openings. i am convinced that the best guarantor of political prosperity is for economic progress to go step in step together. >> it is all about laying foundations for now -- for new commercial partnerships. some are worried that he has not said more about specific human- rights cases in public. they're worried that he is ducking the hard questions with china. >> the french president has signed into law the bill to reform the country's pension system. the plan increase

10% of facebook staff used to work at google. >> i wond if they are getting a 10% raise. >> good economic news >> yes, it is. >> talk to you tomorrow. pat join us with a preview of things to come. >> good morning, coming up on news 4 at 4:00, the government is rolling out the tough eest o smokers. there is more to th spin class that meets the eye. >> and warmer in central virginia and the carolinas, we will have a lot of sun today. clear and chilly night tonight. highs in the upper 50s, and more of the same on the weekend. again, up around 60 or so, cooler in the first part of nxt week. that is the way it looks. see you tomorrow. >> some have the day off. a holiday with a nice day to enjoy. a goose that is one lucky duck. someone shot it with an arrow in montana. amazingly, vets imagined to remove the arrow. the bird is expected to survive. the owner is said to have dealt with vandalism in the past. he never expected to have a goose shot there on the pond where he lives. that is "news4 midday." thanks for joining us. tune in at four, five, six and 11. i will be back tomorrow at 11:00. see you

is not winning we're going to speak with blogger robert farley there then there's a lot of economic news today consumer spending helped the economy grow in the third quarter but international problems with europe north and south korea also led to a drop in shares on wall street alternate economic out of there zach carter will join us with his take on the ups and downs next to member how fall out shelters were a way of life during the cold war despite the warnings from politicians and pundits that we still face nuclear threats today nobody really seems to be preparing in the same way anymore archie's preassure they're investigating and she's going to join us to talk about the legacy of the fallout shelter then forty five activist groups are teaming up pressing congress to investigate the conduct by the federal law by federal law enforcement the group claims that they were wrongfully targeted by the f.b.i. and had their homes raided computers confiscated so i'm going to speak with someone who's calling for the investigation by writing a letter directly to president obama believe it or not

german chancellor angela merkel left for the meeting supported by economic news at home. she also indirectly criticized u.s. federal reserve policy of quantitative easing. germany says it could cause instability. >> this time, everybody must ensure that global economic growth is more sustainable and long-lasting than what we thought a few years ago. >> the u.n. secretary-general is urging greater focus on the world's poor and disadvantaged. >> i will do my best to ensure that the world's biggest and strongest economies create solutions for the poorest and most vulnerable people are around the world. >> demonstrators in seoul may welcome the words, but it will be expecting concrete action. >>> can there be good news in germany? >> the council of economic advisers, the five wise men, are predicting smooth sailing ahead for the german economy. they predict strong economic growth this year, with a slight drop off in 2011. the forecast is for growth of 3.7% in 2010, making it the strongest in a long time, on the back of an economic boom, with unemployment continuing to fall fur

. >>> and good economic news, new numbers show holiday hiring is off to the strongest start since 2006. a couple examples. macy's adding 65,000 seasonal workers, toys "r" us, 45,000 and retail sales for the first week of november are strongly up. >>> still ahead on "world news," send in the navy and the spam. the rescue mission to get those passengers on that stranded cruise ship back to dry land. pastors, keeping a deep secret from their flock, and it's probably not what you think. >>> and the young mother who came back from the brink thanks to medical ingenuity and daring deep freeze. [ male announcer ] how can rice production in india affect wheat output in the u.s., the shipping industry in norway, and the rubber industry in south america? at t. rowe price, we understand the connections of a complex global economy. it's just one reason over 75% of our mutual funds beat their 10-year lipper average. t. rowe price. invest with confidence. request a prospectus or summary prospectus with investment objectives, risks, fees, expenses, and other information to read and consider carefully

stocks jumping on positive economic news, the dow closing at 11,187 and the nasdaq closing at 2543. buy more, save more could be the mantra as people look to capitalize on what may be the most heavily traveled plaque friday in years. up to 138 mill 1 people will shop, some opting to point and click instead of driving to the few stores open on thanksgiving. traffic peaked at 11:00 a.m. yesterday and core metrics said sales were up 10% from last year and people were spending less per order. gm said the plug in electric volt will get 93 miles per gallon and combine city and highway driving while powered by the batteries. the volt gets 35 miles before a gas engine generates electricity and it goes on sale for $41,000 and will be available in california. then rolled out nationwide over the next year and a half. could be a good time to buy a flat panel tv. prices have been dropping and consumers held out for better deals leaving lots of sets on the shelves. new hd sets will be cheaper and tv makers have been getting great deals on the most expensive parts for the glass. >> continuing econ

. >>> we have some hopeful economic news this holiday season. there are strong new signs tonight that retail sales are america are rebounding from bargain hunters to luxury buyers. americans taking advantage of prices slashed early. online shopping is red hot. so what does this mean for permanent jobs to come in january? david muir is out with the shoppers tonight in new york. good evening, david. >> reporter: good evening to you, diane. you're absolutely right, sales up across the board this evening. economists tell me it's what's inside those gift bags you see people carrying that is most telling. all that leads to the larger question, will the shopping finally lead to more permanent jobs? tonight, retailers are tracking shoppers who are already spending more than they were this time last year. >> you can't scare the american consumers forever. >> reporter: new numbers out today track the first two weeks of this month. total apparel, clothing across the board, up 9.7%. the luxury index, high-end restaurants, luxury brands up 6.7%. this time las

. >>> well, traders are thankful for a fresh batch of encouraging economic news. applications for unemployment benefits are at their lowest level in about two years, incomes grew and consumers are spending more, but the housing market is not improving. new home sales fell 8% last month to a near record low. still, stocks managed to climb and the dow rose 151 points. the nasdaq was up 48. >>> in europe, more anger and fear over the debt crisis this week. striking workers shut down much of portugal. ireland proposed its deepest budget cuts in history while italian and british students clashed with police over education cuts. >>> u.s. drivers are getting a tiny break at the pump this thanksgiving. according to aaa, the national average for a gallon of regular unleaded is $2.86. that's 2 cents lower than last week but still 23 cents higher than a year ago. that's your "money watch." for more, head to cbsmoneywatch.com. in new york, i'm alexis christophorous. >>> just ahead on the "morning news" on this thanksgiving day, a crackdown on a new drug danger, synthetic marij

today's big games came after the release of stronger than expected economic data and on news that -- will receive an economic -- news that ireland will likely need an economic bail out. >>> today is the 32nd anniversary of the mask murder and suicide at jones to gayona. family members of the victims held their annual memorial at oakland's evergreen cemetery where many of the victims are buried. comedian and civil rights activist dick gregory led today's service. the jones town memorial service lost 27 members of her own family including her mother. and today, survivors announced plans to build a granite memorial with the names of all of those who died that day. >> and so we've come here to say never again the jim jones experience. this should never have happened. these lives were sensibly lost and it should never happen again. >> more than a thousand people died at the hands of people's temple leading jim jones. jones was found dead with a gunshot wound to his head. >>> we're inching toward what could be the first big ski season weekend. everyone is excited. we're going to take you l

government soft on terrorism our banks if we may let's turn our attention to the past week of economic news here we had the apec summit just a few days ago in yokohama japan before that we had the g. twenty in seoul and the really the only agreement all possible agreement to come out of the g. twenty in seoul was america and china agreeing to perhaps a scaled back on the currency wars do you see that as i used to stand to the agreement or do you think the currency wars will continue and can you just simplify what exactly is a currency war. all the currency wars are all the various countries around the world trying to deep base their own currency to make their exports competitive so the united states because they have no ability to engineer any growth in the u.s. because they have spent all their money committing mass murder in places like iraq and afghanistan want countries like china to voluntarily adjust their currency to help americans continue to overconsume and china saying no we don't think that's a good idea anymore so china's. engage in bilateral currency swaps with russia iran braz

. >>> back here at home, some good economic news. the number of americans filing for unemployment for the first time dropped off significantly. 407,000 filed for benefits last week. which was fewer than predicted. but for many americans, this holiday will be a lean one. and as ron claiborne reports, while they're struggling, others are living large. >> reporter: the party is back on wall street. corporate profits broke records in the third quarter this year. and with the whiff of mega-million bonuses in the autumn air, some top executives celebrated like they did before the recession, like the american banker in hong kong throwing a lavish party with the women dressed like playboy playmates. and then, there's fred clark. when we first met him last year, clark had lost his job as a logistics manager for united technologies. he is still unemployed. what are your expectations for 2011? >> get a job. >> reporter: you think you will? >> i have to. >> reporter: but while millions are still reeling and out of work, with the fed predicting n

. >> good economic news out of the midwest. president obama visit a small town today that benefited from your tax dollars. we'll talk about that coming up. >> kind of weather is in store for us as we finalize those holiday travel plans? [captioning made possible by constellation energy group] captioned by the national captioning institute --www.ncicap.org-- >> live, local, late-breaking, this is wbal-tv 11 news today in hd. >> good morning. i am mindy basara. >> and i am stan stovall. thank you for joining us this morning. >> sandra shaw has a quick look at the forecast. good morning. >> it will be great for the holiday travel plans. at least if you're in the mid atlantic. i have a travel forecast. things here will be fine today. a slight chance of a shower this afternoon. all those showers ahead of the cold front. that will dry us out tomorrow. today we will be mostly cloudy with a 40% chance of showers later on. very hit and miss. 54 -- 55 on the eastern shore. we hit 65 yesterday. today, above normal, 62 to 65. clubs through

. >> good economic news out of the midwest.sident obama visits a small town today benefited from your tax dollars. showers checking some ahead of the cold front. i will let you know if it will affect us later today. >> we will let you know if any problems have >> live, local, late-breaking, this is wbal-tv 11 news today in hd. >> good morning, everybody. welcome back. i am stan stovall. >> and i'm mindy basara. thank you for joining us this morning. a lot of folks do a head out for their trouble today. >> the busiest travel day is it tomorrow. we have great travel conditions. there is a front on the move cleared it will deteriorate as it moves across the state. with a slight chance you could see a shower per it will not be a washout. the clouds will be sticking throughout today. that front crosses through today. tomorrow will be nice and cooler. we are mild, low 50's across the board and headed for another high in the low 70's. >> very good. >> today, a nice ride out there. no incidents at this hour. so far so good as far as de

but economists do not think the central bank will have enough new economic data by then to justify tinkering with the asset purchase program. erika miller, "nightly business report," new york. >> tom: ben bernanke may not get much help from congress on fixing the economy. with the republicans sweeping to victory in the house and dividing the congress, a quick deal on any new economic medicine is unlikely. darren gersh looks at the new congress' agenda. >> reporter: republican leaders today were united on the new agenda that brought them to power. >> cutting spending. >> spending and debt. >> the voters yesterday voted against excessive spending. >> reporter: many of the candidates who will be sworn into office next year are determined to cut back the size of government. but political economist andy laperriere says making those deep cuts will be harder than campaigning against record- breaking peacetime deficits. >> the downside is when you start actually identifying where to cut programs. obviously, those programs have constituencies. a lot of them are very broad based constituencies. they'r

>> nothing like really terrible economic news for a year and a half to change the reality. this economy and the sense that things are get nothing better has hammered that obama coalition. women are moving towards the republican party. independents that broke big for obama and the democrats seem to be breaking big for the republicans and unlike, say, the great depression when people could look around and see visible signs of change, the hoover dam, the empire state building, people building... planting trees in the civilian conservation corps, financial reform and a stimulus, it's a very untangible thing and i think people looked around and said "who's in charge? we want to get the people in out" and the democrats look like they're going take a real smacking. >> couric: you think about it, bob, unemployment has been over 9% for something like 17 months. >> it was 7.7 when the president came into office, he said he was going to fix that and it went up. there's nothing like a bad economy to pose a danger to incumbents and that's what's going to happen. >> couric: do you think

he said he sees it as not just a new economic power, but a new political power too. with that, he said, comes responsibility. mr. cameron spoke of the importance of what he believes is a free media, the rule of law, and the political scrutiny of politicians. it's all couched in ways very carefully designed not to sound like he was lecturing his chinese host. >> arguing for a strong relationship between our countries, i want a relationship in which we can be open with each other, in which we can have constructive dialogue of give and take in a spirit of tolerance and mutual respect. the rise in economic freedom in china in recent years has been hugely beneficial for china and to the world. i hope this will lead to a greater political opening, because i'm convinced that the best guarantor of prosperity and stability of for economic and political progress to go in step together. >> for david cameron, this was a visit to china that is growing at speeds and is all about laying foundations for a new commercial partnership. but some here will be disappointed that he hasn't

global economic and financial architecture and set a new agenda, and south korea's leading it. so it's a very significant thing for korea and not only for korea, for the whole emerging world. >> reporter: gene, from a global economic perspective, there's a lot of work for the g20 leaders to do, but for south korea it is also a chance to establish its presence in the world and to show what an emerging country can do to contribute to the global economy. that's all from me here at the g20 media center. back to you in the studio, gene. >> yonggi, thanks. nhk world's yonggi kang reporting from seoul. >>> german chancellor angela merkel says she will reject u.s. proposals to set limits to current account balances. the united states and south korea made the proposals in last month's g20 meeting of finance chiefs and central bankers in south korea. nations with large current account surpluses including germany and and china, strongly oppose the proposals. the issue is expected to be among the top priorities at the g20 summit, which opens in seoul o

said this must be a happy day for you with a station that's opening in the midst of all the bad economic newst's very nice to have a new staying. the station has been a long time in coming. the crews are excited about it. we'ral really grateful and thankful of the grand opening and the opening of the new station. >> we know these are very tough budget time fwus station was built with funds voters approved of back in 2002. so how are you going to staff the station? we know that times have been very tough for the fire department. >> well, the station was built with a bond that was staffed. the staffing was from the previous fire companies that were here before the station was taken down for the rebuild, so we have our engine and our truck back. we're still missing our water tending that used to be housed out here. we're hoping to get that back and it will be back and up and running like before. >> i know that, you know, in the difficult negotiations between the fire department and the city, at one point, you know, you guys were really pitted against each other, the city asking the union to take

we have not a lot of economic news or earnings reports coming in. we will get a better indication as we get closer to the opening bell. the dow jones at 11, 444. >>> boeing is denying published reports that a dream liner will be delayed again. boeing says it will still deliver the 787 to all airways during the first quarter of next year. boeing says it has a new quarter who is an addition. >>> rub a little salt in the wound. bart will collect on the world series bet. the head of the dallas area rapid system or dart will be say fading hundreds of -- serenading hundreds of bart riders. gary thomas will be out there wearing a giants uniform and handing out treats as he serenades bay area commuters. >> love it. >>> billions of dollars handed out in stimulus funds. which bay area city is not receiving a penny of it? >>> and what you need to know when you're traveling through the sierra. >>> 280 may be your best bet as you drive on the peninsula. we'll tell you why. a problem on 101 that may get tough for you. >>> good morning. it's rather cold out there.

we did have economic news coming in. we'll see how the trader and investments respond to that. slowly opening. we'll get an update in a moment. >> how did they ring e bell without you? >> i know. >>> right now we will say good morning to you. wednesday november 10th i'm dave clark. >> i'm pam cook. time now 6:30. a high school teacher is involving one of her students. >> reporter: it appears some of the news is just filtering down to employees here. i spoke with a woman who works in the kitchen she just arrived. she didn't know of last nights arrest and she didn't know the teacher involved here. felicia killings is an english teacher here. we learned from the jail this teacher was released on bail. they did not know how much the bail was set at. they confirm that killings is accused of having sex with a 16- year-old student. the incident did not take place on school property. the student is now 17 years old. the solano county jail tells us she has been charged with statutory rape and child endangerment. we have contacted the authorities and tried to contact the school and we ho

some economic news is a little better now. he's going to have to make some changes. his white house staff. is facing in terms of the new republicans coming in. >> you mentioned the white house staff. do you think there's going to be a shakeup? >> after the congressional elections, there's always changes. the shakeup is one word. i prefer to use changes. but, you know, nomenclature, one person is different from another. i don't think you go through something like that and say everything is fine. let's continue to go in the direction we are. i think they have to change direction. president clinton did that in 1994. and that's typical to what happens in a white house. >> i wanted to ask you this because i know you teach a class at tulane university. i heard you teach a class there. >> i do. >> it focuses on the debt and the deficit. >> it is. >> obviously, a huge topic right now. what would you advise the president to do, in regards of the recommendations from his commissions co-chairs. they put out cutting military spending, reducing or cutting the moorage interest tax

. >> govement released two reports that offers two different views to america's economic recovery. new home sales tumbled in october and it the lowest level in seven years. sales of new single family homes declined just over 8%. nationwide the median price of a home sold last month dipped to $194,000. >> but hopeful sign there is improve. in the job market the fers time claims for unemployment fell sharply to the lowest elf since july 2008. unemployment claims dropped 34,000, unemployment empyment claims have dropped four out of six weeks. >> general motors recalling more than 10000 mid-sized pickup truc. >> and u.s. military quick response one day after north korea's deadly artillery attack on a south korean island. >> and the govnment b b [ female announcer why watch regular tv when you can experienc the next generion of television service? at&t u-ver tv. tv like you've never seen beforet a really great price. switch to at&t now toet u-verse tv starting at just $39 a month for simonths, dvr included. or get up to $300 in promotion cards with a qualifying u-verse bundle. u-rse tv lets

prime minister david cameron updated the house on recent economic news that the british economy grew twice as fast as expected over the past few months. last week the prime minister announced comprehensive spending cuts that the pledge would cut the deficit in half over the next four years. later, labor party leader ed miliband chose the prime minister and changes to helping benefits legislation. >> questions for the prime minister. harriett baldwin. >> number one, mr. speaker. >> thank you, mr. speaker. i am sure that the whole house will wish to join me in paying tribute to corporal david barnsdale from 33 engineer regiment, explosive ordnance disposal, who died on october 19. he was a brave and highly skilled member of our armed forces whose service and sacrifice must not be forgotten. our thoughts must be with his family, his friends, and his colleagues. this morning i had meetings with ministerial colleagues and others. in addition to my duties in the house, i shall have further such meetings later today. >> harriett baldwin. >> may i associate myself with the condolences expres

. >> government released two reports that offers two different views to america's economic recovery. new home sales tumbled in october and it's the lowest level in seven years. sales of new single family homes declined just over 8%. nationwide the median price of a home sold last month dipped to $194,000. >> but hopeful sign there is improve. in the job market the fers time claims for unemployment fell sharply to the lowest elf since july 2008. unemployment claims dropped 34,000, unemployment employment claims have dropped four out of six weeks. >> general motors recalling more than 100,000 mid-sized pickup trucks. >> and u.s. military quick response one day after north korea's deadly artillery attack on a south korean island. [ female announcer ] this is not a prescription. this is norma. who's inundated with all the information coming at her concerning the medicare part d changes this year. so she went to her walgreens pharmacist for guidance and a free personalized report that looks at her prescriptions and highlights easy ways for her to save. because norma prefers her painting to pa

we also got economic news here just in the last 35 minutes or so when we heard the third quarter gdp was revised. looks like growth was stronger than had been initially expected in the united states, growth of 2.5% versus 2%. there are some positive signs if you look through the report, consumers were spending by much stronger levels than we originally expected. consumers make up about two-thirds of the economy. consumer growth at 2.8% is the fastest pace we've seen since the fourth quarter of 2006. that's a little bit of good news. concern was business inventories were building up. that could be putting a little bit of a misreflection into some of these numbers. not bad news and bern expected growth. savannah we'll send it back over to you. >> on the eve of black friday, i bet retailers are hoping retailers keep those pocketbooks out. thanks, savannah. >>> north korea spoiling for a fight or attention. either way, how will the u.s. respond. next, geoff morrell with us. the royal announcement everyone is waiting for live from london. >>> a look at the president's schedule, as we ment

there were 28 foreigners and 40 cubans on board that flight. >>> encouraging economic news. nt reports 151,000 jobs were added in october. but the unemployment rate stayed at 9.6%. cbs news senior white house correspondent bill plante has reaction from the white house this morning. hey, bill, good morning. >> reporter: good morning, to you, jeff, the president hailed the news but said it wasn't good enough. >> encouraging jobs report doesn't make a difference if you're still one of the millions of people who are looking for work and i won't be satisfied until everybody who is looking for a job can find one. so we've got to keep fighting for every job for every new business, for every opportunity to get this economy moving. >> reporter: and just after that statement, the president took off on what will be the longest foreign trip of his presidency, a ten-day journey to asia and a break from domestic politics, as well. the first stop is india where the president hopes to promote closer ties. he's bringing with him 250 u.s. businessmen. it is the largest delegation ever to trave

some economic news is a little better now. he's probably going to have to make some changes. i think voters delivered a serious rebuke here. as a democrat, i find that hard to deny. he's going to probably have to look at everything. he's going to have to look at his white house staff. he's going to have to look at what his goals are. he's going to have to look across the aisle and see who he is facing in terms of the new republicans coming in. i'm not sure they're going to be that formidable. but he's going to have to deal with it. >> you mentioned the white house staff. do you think there's going to be a shakeup? >> after the congressional elections, there's always changes. the shakeup is one word. i prefer to use changes. but, you know, nomenclature for one person is different from another. i don't think you go through something like that and say everything is fine. let's continue to go in the direction we are. i think they have to change direction. i know president clinton did that in 1994. and that's typical of what happens in a white house. >> i wanted to ask you this be

a lot of economic news next couple of days before the holiday on thursday. and hewlett-packard reports their earnings after the closing bell today, sydnie and juliette. >> thank you very much. jason brooks with kcbs and cbsmoneywatch.com. >>> who has been naughty and nice this year? consumer reports has the answer. >> in fact, it's compiled its first-ever list of good and bad company policies. here we g on the nice list, zappo.com for free shipping and free returns. l.l. bean for its return anything at any time for any reason. and southwest also made the cut for no fees on the first two pieces of checked luggage. >> and here's the naughty list. >> gave you the naughty list. >> yes. verizon for doubling its early termination fee to $350 on smart phone contracts. macy's for shipping charges based on the dollar amount of the order not the size and weight of the package. and compusa for its restocking fee of up to 25% on a product that doesn't meet its return criteria. >> you might want to put this on the nice list. amazon is selling all droid phones for a penny

economic news, officials from the federal reserve lowered economic expectations for next year. the 18 top leaders of the central bank predicted the u.s. economy will grow at a 3% to 3.6% pace. that's down sharply from earlier projections. the minutes from their last closed-door meeting also show the policymakers were divided over whether to launch a $600 billion program to shore up the economy. the fed news, combined with unease over north korea and europe's financial woes, brought stocks on wall street down today. the dow jones industrial average lost 142 points to close at 11,036. the nasdaq fell 37 points to close at 2495. those are some of the day's major stories. now, back to judy. >> woodruff: and to the latest on the battle to shape the scope and impact of the financial reform law. last july the president signed sweeping financial reform into law. hailing it as the strongest package of consumer financial protections in history. the act gives federal regulators authority to down size troubled companies in a bid to solve the problem of "too big to fail." establishes federa

. >> turning to economic news a glimmer of improvement for california jobs' picture. 39,000 new jobs were added to california payrolls last month. 5800 of them were in the east bay, 4800 in the south bay and then another 3300 in marin, san francisco and san mateo counties. talk about those jobs, some of those are tech positions google needs to fill 2000 positions. >>> good news from google is traveling fast. they aren't wasting any time in applying for one of the 2,000 job openings. he has been out of work since june with a background of engineering and project management. >> looking at positions i think i may have some qualification experience to offer. >> the world's dominant search engine eichd a n statement google is aggressively hiring across the board with a focus in sales and engineering. the mountain view company is in facebook and twitter and they announced a 10% pay raise and bonuses for the more than 23,000 employees. for engineers especially the bidding wars are back. this google recruitment video emphasizes a fun working environment. >> we have yoga and pilates. >> and w

as i come forward with new economic policy, -- they come forward with new economic policy, i would beappy to examine it, but there is nothing to examine. >> he sees private sector growth being driven by investment and export. in the obie our's report today reportl be our -- obr's today, we see dramatic uncertainties in the euro zone. if this does not turn out to be as expected, where does the chancellor see private-sector growth coming from? >> the first point i would make is that, of course, one of the primary tasks of the obr is to address whether we will hit the fiscal mandates. they're not a matter of controversy. they show what we've done to get the british finances under control. under this scenario that is volunteered, they say that this the mandates will be met under those conditions. it helps the fiscal forecast rather than perverts it because the tax base is more focused for consumption. >> when the books are balance, will the chancellor seriously look at reducing the overall burden of taxation? it is just far too high. >> i would say to my honorable friend that i am the lea

you evolve, things change, there are dynamics and pressures whether economic or new housing and you have to respond to this. one of the things i see as my mission is the sustainability of the castro. i think there is concern that the dynamic of the castro is changing. >> a lot of families are moving to the castro a lot of gay families. and district 8 throughout district 8. what that has meant is i think that fewer people want the street fairs and parties. even john stewart in the daily show made fun there are straight families moving to the castro complaining about the sex shops with dildos in the window. it was called. there goes the gabor hood. there is truth to that. its sad that the the castro is losing its character. >> once every 3-4 years the issue of sex toys in windows has a flair up and dies down. i don't think that that is an on going problem. i have a daughter and she's a real fast learner, started her terrible 2's a 15 months. down the road we will be walking downcast row and i will have displays to explain to her. i'm cool. if you have to explain hate red and war, the store

. >> susie: well this week we're going to be getting some new economic data. we have the retail sales numbers erica just reported on but also we're going have fresh inflation numbers, also housing numbers. how do you think investors going to respond to the new evey thursday. they've been trending lower. i want to see them keep going down. >> susie: what are you ex now but i'm an optimist here. i think with have turned the corner in the job market. >> susie: that's encouraging. so that brings us back to what investors want and what they should do. you talk about the fed buying bonds. should investors also be buying bonds or getting out of bonds. what about stocks, should they be in or out and how about cash. what are you telling your clients? >> well, number one, cash junk bonds but now the euphemism is high-yield bond, the better quality high-yield bonds i think still offer attractive rates of return. >> susie: we have just a few seconds the gmi:-- ipo.t cyclese shortened which means they are much more responsive to consumer tastes. their quality is getting bet