so our conclusion was ernst and young certainly knew it as of that time and did nothing with it.p: where were the government regulators? >> how closely was the s.e.c. monitoring lehman brothers during this time? >> they were on premises. they were talking to the lehman people daily. they officed there. >> more of lehman brothers ahead when 60 minutes on cnbc returns. [ticking] conservative. very logical thinker. (laughs) i'm telling you right now, the girl back at home would absolutely not have taken a zip line in the jungle. (screams) i'm really glad that girl stayed at home. vo: expedia helps 30 million travelers a month find what they're looking for. one traveler at a time. expedia. find yours. try running four.ning a restaurant is hard, fortunately we've got ink. it gives us 5x the rewards on our internet, phone charges and cable, plus at office supply stores. rewards we put right back into our business. this is the only thing we've ever wanted to do and ink helps us do it. make your mark with ink from chase. [ kitt ] you know what's impressive? a talking car. but i'll tell y

so ernst & young keeps a list of 25 errors that tax filers regularly make. number one is, your check your math. tell me some other common mistakes. >> yes, so that's a very simple one but also making sure you have the right social security on there and if you take dependent exemptions, things like kids or relatives, you have those on there, as well. but go back and look at last year's tax return first. it's chock-full of all kinds of good information. you might have carry-overs from prior losses you had on stock sales that can come forward to this year. also, it's a great reminder to see what things you had in prior years you should have this year. also, look at things like errors that people might make. nobody likes to admit if they lost any money gambling, but actually you can deduct gambling losses up to your winnings. so you don't have to admit that maybe you lost more than you won, but up to that amount you can take a deduction for as well. >> that's funny. so, are we all paying more taxes this year because of the limitation of the payroll tax holiday,

. >> so ernst & young keeps a list of 25 errors that taxpayers commonly make. number one is check your math. >> that are's a very obvious one, but making sure your time is spelled correctly. last year's tax return is filled with all kinds of information, you might have had losses that can come forward to this year, also look to things like errors that people might make, nobody likes to admit if they lost any money gambling, but you can deduct gambling losses up to your winnings. >> are we all paying more taxes this year because of the elimination of the payroll tax holiday, perhaps we're paying less last year? >> right, well, you'll pay less this year, in 2013, but for those who are filing their tax return for 2012, that was still in place. but people that get large refunds doing that, they must like earning 0%, because that's what they're getting, so maybe you should increase your w-4 kpempations, that's driving a lot of what's with held and why you might be getting a refund. but be cautious, because that payroll holiday that we had in 2012 is gone for 2013, s

ceos from sap, mckinsey & company, ernst & young and northwestern mutual rounded out the top five. meanwhile, tim cook slipped from the top spot last year to 18th. employees of the companies vote on their ceo, which means facebook employees really "like" their boss. ceo salaries are under scrutiny as recent filings reveal the earnings of the top brass. according to reports, john stumpf of wells fargo is the highest paid head of a major bank. on the heels of rising profits, his compensation package last year was nearly $23 million. in the automotive sector, ford ceo alan mulally took a pay cut but still made more than his peers at gm and chrysler with $21 million. and in a 25-year-long tradition, warren buffett still makes $100,000. time is running out to claim nearly a billion dollars in unclaimed tax refunds. the irs is sitting on the money left behind by close to a million americans who failed to file federal tax returns in 2009. april 15th is the deadline to file and claim the refund. still to come, from ponzi to prison: the inside scoup on how a florida lawyer fooled investors

it ended up i worked closely with ernst & young who were the auditors to try it to get our financial system in a state where we could pass that audit. ~ so, i was very hand in hand on that project. >> thank you. next person is susanne berg. >>> good afternoon. so, i lived in san francisco since 2001 and i'm a bay area native and i'm very proud to be a san franciscan. i'm an attorney and spent five years as a sole practitioner in san francisco representing local hoas and companies. most recently i've been working for a local san francisco hedge fund located in the divisadero corridor with a staff of three. we invest in date nationwide. and i've had a lot of experience. i've been the director of operations and in-house council so i've had a lot of experience working with our servicers [speaker not understood] other federal regulations a it applies to mortgage residential lending. over the last few years it's heated up. federal experience and our own auditors. for the past 7 years i've been active in the community league of san francisco [speaker not understood] volunteerism, [speaker n

joining us now, tax guru from ernst & young. working on this friday thankfully.e. a lot of people scrambling. are you seeing a lot of, you know, different things than you've seen in the past because so many people tried to pull into last year and take advantage of things becauser unsure what was going to happen? >> yes. there was a real acceleration of into last year to get, take advantage of lower rates. and as a result, there is a whole lot of people who owe this april 15th. didn't have enough withheld. didn't make estimated payments. may not have needed to because they're doing a catch-up now. so there will be lots of balances due, paid with returns in april 15th. a lot of extensions with big payments. that are going. now it is really important then to file that extension or return timely. tracy: right. >> with payment. so that you do not have penalties. tracy: that's, but the 4868 is extension form. that's a great point. you have to pay your bill. it is not extension to pay. >> right. tracy: if you haven't prepped the return yet how do you know what to pay? >

want to first commend the first panel for its invigorating discussion and think this panel sponsored, ernst & young for his sponsorship. this session will explore how insurance companies are strategizing to comply with the new regulation. it will examine a role of health care exchange for response by employers to be accountable care act. our panelists and you can see extended bios in your handouts. first we have care and 898, the president and ceo of america's health insurance plan, the national trade association representing the health insurance industry. in phelps, who leads the health care practice the washington council, ernst & young and we have the privilege to be moderated by president, donna shalala, who as it is also former secretary of health and human services in the clinton administration. let's read our panelists. thank you. [applause] >> will start with karen and connie. >> good morning, everyone. it's such a pleasure to be here first of all from the standpoint of the climate. anyone coming from the east coast today said breath of fresh air. but that's not the reason the abyss

but as a young man in paris, he joined th friends like max ernst and jean arp in the emerging surrealist movement of the 1920s. in his painting "the farm," miro's characteristic symbols and themes began to appear: serpentine shapes, checkerboard patterns, infinite sce represented by the moon or a star. in 1922, he painted "the farmer's wife," the ancestress of countless female symbols that also became a continuing motif in miro's art. in 1924, his art broke free of gravitational constraints in theurrealistic world of "harlequin's carnival." over the years, he developed his own personal symbolism, and in the 1950s, the scale of h art grew with such works as a mural at harrd university and "the wall ofhe sun" for unesco in pas. as his work grew in size, miro continued what he termed "a process of simplification." he stated, "little by little, i have managed to reach a point at which i use no more than a small number of forms and colors." this process found a culminating expression in his eightoot-high painting "femme," miro entered the project with much enthusim, stati, "i'll go into this

this year, include sap's co-hosts bill mcdermott, and hagemannn and smabe and mckinsey & company, and ernstie diamond fell, and lloyd blan ek fooin fell to-- blankfein fell to 36th. and melissa meyer, she is too new to have enough reviews to qualify, but she has an 87% approval rating which is much better than the predecessors, and so who is the most beloved ceo. drum roll, please. facebook's mark zuckerburg with a 14 point up approval rating from last year despite the stock trading and i.p.o. >> well, we are going to do the rundown and jane, julia boorstin is joining us from los angeles. julia, you have been hanging around facebook and reported that story for a long time and does it surprise you that he is number one? >> not at all, tyler, and it totally makes sense and shows that facebook employees care more about the environment and the quality of life than the stock prices. it shows that he has a open door policy and he hosts regular meetings with employees to keep an open dialogue of what is going on with the family and the food at facebook, tyler, is really good and that makes people

mach, ernst mach, german physicist of long ago, named after him, mach 1, mach 2. let's talk about cars. mach 1, right? mach 1 means when you have a car go 750 miles an hour or about 340 meters per second. that's fast. sound travels fast. not compared to light-- about a million as fast as light, but nevertheless sound. about 750 miles an hour. so if you're in an aircraft going 600 miles an hour, you don't produce a shockwave. that's because the waves don't pile up in front of you. i mean, you're traveling along like this, okay, and your wave is sort of like this. see, the waves are still going faster than you're going. it's only as you go as fast as the sound. of course then you get like this, okay? and you know what, those waves don't pile up anywhere but right here. so when an aircraft is going to the speed of sound and a little bit faster, down here they don't get a sonic boom. you only get the sonic boom when it's going appreciably fast enough so you that you can generate this shockwave like that. so the misconception is, people think that airplanes produce son

. >> raising those rates on january 1st would, according to the independent firm ernst & young, destroy 700,000 american jobs. >> what firm was that? john boehner was worried about losing 700,000 jobs because of tax increases? well, sports fans, it just didn't happen. instead, republicans slash and burn policies have cut 740,000 jobs. now i don't know about you, but i'm starting to notice the real problem here. republican policies help lose jobs. the president's policies help add jobs. and the truth is hard for republicans and conservatives to take at this point. >> anything positive happening in the economy, if there are any positive numbers, they're fake. >> fake for three years, rushbo. come on. it's important to point out the latest numbers don't cover the spending cuts from sequestration, which i'll get to a commentary on that in a moment. we know these cuts will have an impact on the economy. a white house spokesman talked about the impact of the sequester is having right now on jobs within the white house. >> there will be employees of components who work here at the white house

ernst -- traditional method we have to work together. >> that is the duty.ing the fundamental paradigms' in which we do business or live our lives. there is this fine line in a balance which is different for every company depending upon their culture. is bringing people together. the same time, it is technology. it is not going to replace human interaction. people working with the people. connell: good to see. ellis business? all right. >> we are moving. connell: the run an application? >> almost. now we need to do more strategy. connell: have to use the right. all right. thank you. the company. thank you for coming on. appreciate it. dagen: the latest from the meeting of the minds of the white house. we just heard from the speaker of the house. now we will hear from the president of the united states himself in a matter of minutes from the white house. and despite those budget cuts, but sam is still planning to collect your taxes. in your art some of today's winners on the s&p. ♪ friday night, buddy. you are gonna need a wingman. and my cash back keeps the

. >> let me ask you north korea ernst a very large share of illicit activities how important for for the military to devotees, and has the percentage of the originating from criminal law activities changed in the recent years would you suggest the administration and congress do in this area that actually do some good? >> i have no doubt the agency could be written with over 15 government partners around the world and 14 different agencies including the multiple department of justice agencies to investigate and implicate the north korean entities including members of the leadership and leadership organs in the conduct of a multi wide range of alleged activities i think counterfeiting to cocaine trafficking to counterfeit cigarettes, methamphetamine trafficking and putting into the united states you might be aware that we have a sting operation going on in the family the 320-pound undercover fbi agent who was also in touch with north korea, which we learned in the process given their affinity for the partnership is formed with that family. i think we have a strategic level of debt of k

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