farquhar's to be here all night. people will still one of their home survived not. one woman on her way to a hospital hours ago to the dismay of the house just- in-time. we're gonna talk to the gentleman who heard the explosion. he is telling us that he had heard and small faction i say natural gas for three weeks in this area and did not know what pg and he had done about it. he told us that the one crew told him to shut his crotch but he does not know if there's any fall back to that. do not know that is connected to the situation. the fire crews are still in this area and they're still watching this places you can imagine. over 50 homes destroyed more than 123 damaged. as you look down the street and see the fire crews remain on standby and are in front of the homes are burning. and the damage. the existing is the winds pick up for the spurt going this direction. the latest year and how can motherless collective >> of the demand they keep their record to continue to look at the betty that's been coming in. stitches are just amazing paired with that ball of fire.

farquhar say there could be more victims after a blaze caused by a massive gas pipe explosion in a san francisco suburb four people were killed and fifty two injured in the inferno seven of the victims are in critical condition firefighters have now contained the flames and are inspecting the dozen. of burned homes. i witness video shows two flames which billowed up to twenty eight meters high and officials don't yet know what caused a gas pipeline to rupture. iran has delayed the release of an american hiker accused of espionage and jailed for over a year sarah sure it would not be freed because the legal procedures are not complete she was to have been released on saturday clemency to more of the islamic holy month of ramadan the hope was to turn together with the two friends after crossing into iran from iraq. a third drill has arrived to aid their rescue efforts for thirty three miners trapped underground in chile they quit one was so large it needed forty trucks to bring it to the side the men have been stuck in the mine for more than a month i'm president addressed has involved n

580 and more than a dozen vehicles sending at least four people to the hospital, and after that farquharn the heart of the rush hour. the truck driver could not stop that is what he's saying he tried to apply the brakes and it would not slow down that is what caused a chain reaction the chp says the truck's brakes may have failed they're looking into. governors schwarzenegger is leading a trade mission to asia even as the state budget crisis drags on. the governor says the trip can not wait as he tries to drum up economic trade between the state and its biggest trading partners across the pacific the source of china. >> more than 1.5 billion population think about this this is a 1.5 trillion potential consumers dead california is to remain the leader in the global economy strengthening our economy is extremely important and absolutely necessary. aside from china and the governor will visit japan and korea to complete trade deals worth tens of millions of dollars. some documents that the governor should put off the trip at least until the budget is passed. we're going to take a break, ano

elsewhere really starting to see those when does pickup by farquhar, center felt the wind gusts of 20eze in the afternoon and evening even by 10:00 tonight we're still seeing those winds while upward of 20 m.p.h. in those locations. here is a look at your 7 day around the bay. keeping it cool the next couple of days and back to mark could be the coolest of the week. then the first fall official day of fall for thursday after that things turn around. sunshine come so warmer. check out monday, the upper 90s for some of the inland spots. certainly feels like summer. mid upraise around the bay, mid-70s records. let's get a check on your morning commute. >> and no hot spots, but very easy conditions around the bay. another project, it is building at the bay bridge toll plaza still very easy conditions for your westbound right heading into the city renowned no drums coming from the approaches. metering lights remain offering now, in dry that very easy eight minutes from the foot of the macarthur maze to san francisco. no problems from arrived in san mateo, traffic is getting along fine abou

. >> salisbury in treated years statement that there would be some indicators and more farquhar's of whether this rigorous supervision is accomplishing its objective. what would you put down in the vertical column? ipowhat are the indicators that have some capacity to be quantified that you will be looking at him into the question, is the tougher regulation worth it? >> certainly, one important indicator rebates to the cost of capital. if they are not too big to fail, an important source of their market advantage will be eliminated. firms. if they are not too big to fail, then an important source of their market advantage would be eliminated. you would expect to see wider risk spreads reflecting the increased conviction of the market that they could fail. those could be more responsive to market developments. that would be one set of things and also look at things like return on equity which should not be artificially increased by too big to fail characteristics of the firm. >> do you see the fed developing this report card of indicators and periodically making it available to the pu