i tend to think that's very esoteric. so i thank you, thank you, thank you for that. you know i would also note that you have asked those questions over the course of this project and in large part many of you have supported the port as we work to knew traize the cost as best as possible. thank you for raising these issues. we were frankly not surprised to see that language because we couldn't really talk to them about the impact at that particular time that have evolved subsequently. we are doing our very best to make sure that our impacts in the near term are credit usual. with respect specifically to the 70 project. right now what we envision is a process from the 2010 issuance. and that is a neutral impact of where we still have to pay the service set on that. we would like to redistribute those. we have gotten those am torized in a period of time. so the big picture answer to your question, supervisor is i do want to applaud the port, the city and the p.u.c. staff to figure out a way in this particular instance of keeping it neutral to the port. if that answers y

some investors are chasing return, meaning they are putting their assets into riskier and sometimes esoteric products that promise higher yields and returns than they can obtain in more traditional investments. these products range from easily understood investments like high-yield bonds to complex vehicles like leveraged and inverse e.t.f.s, reverse convertibles and other structured products. the beginning of a new year is a good time to remind investors that when they invest in products that promise higher returns, they are nearly always taking on more risk. investors should never make an investing decision solely by looking at an investment's return, whether past or projected. higher returns come with higher risk, and if investors do not fully understand how an investment works and what risks and fees they are taking on, they probably shouldn't invest. i am gerri walsh. >> tom: those lattes add up and quick. a as to shows that u.s. workers spend more than $1,000 a year on coffee and double that on lunches. this comes to us from a staffing firm, it reveals differences though between the se

so it was almost esoteric to a certain degree, but the content they were creating was people were paying for it. and what i found was just like we're seeing with the media world told where you have a lot of these larger news organizations and magazines and so on, um, that are having trouble continuing the revenue growth that they've had in the past, you have these smaller blogs that are starting up and saying, well, we don't need to have a printing press or a big news studio, we can do this from our bedroom even and reach the same audience with the same kind of quality of content. >> host: nick bilton, is the occupy wall street movement a good example of how facebook and twitter are much more powerful than, say, a new york times editorial today? as far as motivating people? >> guest: well, i don't -- yeah, as far as motivating people, i would definitely agree with that. as far as influence, i don't know if i would definitely agree with that. i think that they're both equally as powerful to a degree. um, you know, the occupy wall street movement was not started by "the new york times," it

they're not creating some esoteric financial instruments. if they go to pizza hut and pizza hut is failing, which bain capital did and they turn it around and make a profit, then everybody gets rich and more people get hired. if they go to staples and create that out of thin air, turn it around, everybody gets rich. mark, again, i'm shocked. this has become the center of the campaign. we have democrats and sarah palin -- well, republicans i guess they're republicans, but they're talking like -- not even democrats. steve rattner, ed rendell and other democrats who understand how the world works says nothing wrong with bain capital. that's private equity. that's how you get main street working. >> did you see anything in that romney attack ad that wasn't about bain that you thought might be effective instead of this? >> oh, my god. well, we went over it yet. all i would do is show mitt romney saying that he wasn't a ronald reagan -- he wasn't a reagan conservative, he wasn't a republican, show him saying that he would fight like hell to defend

this monday we're going to focus on an issue that goes beyond the esoterics of the systems of banking

i have to say to you, i think it's pretty esoteric and most people it goes over their head. >> why doesing it? >> because i think he's correct. e he wants us to think about how this president became president and how the american people really never knew where this president was on anything before we elected him. not to any real degree. now we do. >> your thoughts on that, congressman davis? if it's not food stamps, it's sal. he was no hard left. he was no communist. but i know why the name is used. he must be a far left dangerous alien that the president is associated with. why would the speaker keep using this name? as the congressman just said, nobody knows who this guy is. he doesn't say he was a community organizer who has been instructed to the tea party. he's a tactician. he's not some far crazy left winger. but the president is being charged with hanging around with radicals is what's going on here again. >> which is a pretty easy to prove charge. >> folks don't know who this fellow is. i didn't know much either. it's simply an attempt to paint him as a radical, which he is not.

and i have to say to you that i think it's pretty esoteric and most people it goes right over their heade's correct and he wants us all to begin to think about how this president became president and how the american people really never knew where this president was on anything before we elected him. not to any real degree. i think now we do. >> okay. your thoughts on that, congressman davis. if it's not food stamps it's saul alinsky with that interest interesting trotsky-like sounding name. he was no comie. i know why the name is used to confuse the voter. this guy must be some far left dangerous alien that the president has been associated with. why would the speaker keep using this name? saul alinsky. it's part -- your interpretation of it because as the congressman just said from arizona, nobody actually knows who this guy saul alinsky is. he doesn't say he was a community organizer who has been instructive in his methods to people like dick armey and the tea party who use his tactics. he's a tactician. he's not some far crazy left winger. but the president is being charged with hang

. >> smith: casey asked markopolos, who understood esoteric tactics, like split- strike conversion, todo some reverse engineering. >> i brought the return stream, the track record, back to harry. and i said, "harry, if you can do this for me, we can make a lot of money." harry started engineering, looking at it and dissecting the returns. and after four hours of work, or so, came up and said, "frank, this is a ponzi scheme." i said, "harry, that's a strong word." and harry says, "look at this. the market goes down. he... he's not hurt at all. he produces 1%. market goes up, he produces 1%." >> smith: to be fair, he did report a few bad months here and there. >> sure. harry looked at that later on over the years, and told me that, basically, a baseball player would have to be hitting .925 straight for ten years in a row. would you want to bet on a player like that, that he wasn't doing something illegal? >> smith: in may, 2000, harry markopolos contacted the sec for the first time, submitting an eight-page memo. frank casey, meanwhile, flew to meet with de la villehuchet at his new york

it was almost esoteric to a certain degree. the content of work creating was people were paying for it. what i found is just like what we are seeing today were you have a lot of larger news organizations and magazines and so on that are having trouble continuing the revenue growth that they have had in the past, you have smaller blogs starting up and saying, we do not need to have a printing press or a new studio. we can do this from our bedroom. we can reach the same audience with the same kind of quality content. >> nick bilton, is the occupied wall street movement a good example of how facebook and twitter are much more powerful than a "new york times"editorial today? >> as far as motivating people? definitely agree with that. as far as influence i do not know about that. they are both powerful to a degree. the movement was not started by the new york times, it was almost started by adbusters which is a magazine that is very liberal. it was perpetuated by the people. they are "occupy wall streets" movements around the world.

it was almost esoteric to a certain degree. the content they were creating people are paying for. what i found this just like we see what the media world where you have larger news organizations in magazines and so on that are having trouble continuing revenue growth they've had in the past 20 euros smaller blogs starting up in saying we don't need to have a printing press for a new studio. we can do this for my bedroom even an reach the same audience with the same kind of quality and content. >> host: nick bilton, is the occupy wall street movements a good example of how facebook and twitter are much more powerful than c. in new york times editorial today as far as motivating people? >> guest: as far as motivating people every degree. as far as influence i don't know if i would agree with that. they think they are both equally as powerful to a degree. you know, the occupy wall street but that was not started by "the new york times." it was started by ad busters, which is a magazine that is very liberal. who is really perpetuated by people. you can see that it is just amazing to s