, social security financing crisis. today's projected long-range deficit of 2.86% taxable payroll is also significantly larger than the one solved with so much difficulty in 1983. another important measure that speaks to the financial health is so-called trust fund ratio. this measure is the fraction of a year's worth of benefits that the current balance can finance. both of social security's trust funds have been experiencing declining trust fund ratios the last several years. the ratio stood at 362 at the start of this year. that was down from 402 at 2011. that means there are enough reserves that could if called upon could finance three and a half years of benefits. disability insurance trust fund was down to 40. and that means that the trust fund reserves on the disability insurance side at the start of this year were less than would be necessary to finance even five months worth of benefit payments. this year is 1.31% of the tax base. it may sound like a very small number, but that's the largest such deficit social

why are they struggling to get financing? >> this is a longtime structural failure in financing. with us for a very long time. it was called the melon gap in the 1930's. nonequity finance is not available for businesses in the u.k. in the way it is in countries like the united states, canada, and so on. that is principally because they have state backed business banks or similar. they are tackling different ways, but they all have a system by which nonequity capital can be provided to fast-growing or emerging businesses that need working capital to export from a state backed organization. commercial banks can't afford to take the risk of funding those sorts of businesses. we don't have that in the u.k. it is a major gap in the u.k. financing system. it is something that we really need to deal with. we did set up a business bank in the u.k. it is very small scale it isn't able to reach out. the germans put 60 billion euros into their economy in one year alone. jonathan: this is about the supply of credit, not the price of credit. the price of credit has dominated the debate over t

beginning with judy dempsey, a writer and analyst for the carnegie financing who has always worked with a host of international broadcasters. judy asks the following, where and what is europe without germany? without angela merkel, europe would be weakened even further. also with us is writer and journalist alan posener, a regular commentator for the berlin-based "die welt." angela merkel has forgotten that lesson, and as a result, he says europe is falling apart. and, it is nice to welcome back ursula weidenfeld, who has worked for a range of germany's most prestigious business publications as an editor and commentator. ursula says if people want germany to exercise power, they shouldn't grumble when it does. judy dempsey, today's debate is based on a quote from thomas mann. it goes back to the postwar period. the nobel prize-winning author said at that time, the people in germany should try and create not a german europe but a european germany. was he right? judy: that is a long time ago. a lot has changed. i think, looking back, germany became european in terms of -- through the euro

if you want to let us know about what the stock market did hear finances -- did to your finances, and you what to put that on social media if you do that on twitter @cspanwj or on facebook facebook.com/cspan or send us an e-mail to journal@c-span.org. the major headlines on all the papers. the markets real and global selloff. that is how they captured yesterday's story. usa today, 1000 point selloff rocks stock market. if you go to the business section of the new york times, photos from across the world on how people were reacting yesterday, including those watching in hong kong and mumbai, india and pictures from australia. other places as well talking about the impact. we want to get your thoughts not only on what it might have done to your portfolio but hopefully your faith in the stock market. 51 and older, give us a call. here to tell us now a little bit that we have experienced this and what happened is the host of npr one, the host of their full disclosure program. good morning. how are you? oft: fine, give assistance what we learned yesterday. what were the causes? guest: i th

, i think the financing concerns are way over done.ear low and important level should hold. >> shifting gears for emc shares, the subject of deal chatter and that is in a t izzy. an option action original, she has a "fast money" nickname the hammer, i believe. >> hey, melissa, hey, how are you? >> so emc, options are certainly bullish here. today for example, we saw two times the 20-day average call volume trade so roughly 27,000 contracts of which most of them were brought. the focus really was on the shorter dated options expiring both this week and next week so using an example of one specific trade. we saw almost 10,000 calls when emc was slightly below $25. this is a quick pop type of strategy. emc has a number of different rumors and number of different month possibilities, they could buy it and one of the things speculated out there. we have an article today talking about the down stream merger where it would be buying emc. >> full show of "options action" tomorrow. >>> in the meantime, traders tell us what they are watching at

eurozone finance ministers approved the latest bailout. the ministers meeting in brussels have approved the first 26 billion euros of the bailout package to help build greases shattered economy. the move saves greece from a possible default. after more than a century -- after more than half a century, the stars and flying again in cuba. the flag was raised that a symbolic ceremony in cuba with u.s. secretary of state john kerry in attendance. and japan's prime minister expresses profound grief or his country's actions in the second world war, but he stopped short of making a fresh apology. welcome to the show. eurozone finance ministers say they have approved a third bailout package for greece for a further 86 billion euros in exchange for tax increases and spending cuts. the agreement comes after six hours of talks in brussels. ahead of the summit, the german finance minister said he wanted clear confirmation that the international monetary fund board for a new deal. the imf had expressed concerns about greece's mounting debts. >> it's an

eurozone finance ministers approved the latest bailout. the ministers meeting in brussels have approved the first 26 billion euros of the bailout package to help build greases shattered economy. the move saves greece from a possible default. after more than a century -- after more than half a century, the stars and flying again in cuba. the flag was raised that a symbolic ceremony in cuba with u.s. secretary of state john kerry in attendance. and japan's prime minister expresses profound grief or his country's actions in the second world war, but he stopped short of making a fresh apology. welcome to the show. eurozone finance ministers say they have approved a third bailout package for greece for a further 86 billion euros in exchange for tax increases and spending cuts. the agreement comes after six hours of talks in brussels. ahead of the summit, the german finance minister said he wanted clear confirmation that the international monetary fund board for a new deal. the imf had expressed concerns about greece's mounting debts. >> it's an

privately financed. right now, we have a system in which the individual who is capped inr office is terms of the amount of fundraising he can receive. an outside group can spend millions of dollars were a super wealthy individual can write a check and spend a huge amount of money. that in equity in the system has created a situation where we have the worst of both worlds. it achieves absolutely nothing. and believeterested in fundamental campaign finance reform. the only extent which my opinion has changed is that i feel more strongly. host: tell us about your family. when you go home, who do you go home to? ,ow do you balance all of this the legislating and constituent services with the home piece? rep. boyle: my wife and i have been married for 10 years. we have a beautiful, gorgeous daughter who is 18 months. year and he has a defined personality. that she already has a defined personality. my dad is still with us fortunately and we spend a lot of time with them. he lives in my district and a neighbor

privately financed. right now, we have a system in which the individual who is capped inr office is terms of the amount of

the finance ministers are meeting today in brussels. sachs agreed to acquire an online banking unit from general electric. the unit has about $60 million worth of deposits in the wall street firm. the terms have not been disclosed for the purchase. delay a has been set to tv service until next year. license programming from tv networks have progressed slowly. apple also does not have the computer network capability in place. it has been a turbulent week for the chinese currency. , were watching the people's bank of china -- here are some clips from experts on bloomberg tv in case you missed it. >> these crises are coming right after one another. they are too close for beijing to control. we are going to see the end of the chinese economy as we know it. >> china says we will weaken the currency a little bit. going forward, we will let the market forces have a vigorous way in it. this is a step closer to be accepted by the imf. this decision will not be made until later this year, october, or november. >> perhaps, what we should expect go

the railroad, to finance palmer's dream, and with the denver rio grande that they had to retool, theyegan to see a profit, and he finally became a millionaire in 1901. up until that time, he has been struggling financially. after the sale of the rio wanted to build his dream home in glen airey, the home he always wonder to build in the beautiful canyon northwest of culver springs, and he finally had the finances to do it, so in 19 oh or, 1905, the house was remodeled, and that is when the stone was brought in and beautiful roof tile, and the thiswas created amidst gorgeous valley, and today, it still stands. it is operated by the navigators, but it is a really beautiful of our history, and we're all proud that it has been preserved. another thing i think is really interesting and which has brought a lasting impact on our town is his concept of open space and park. during his lifetime and shortly afterwards, he donated over 2000 acres of land to colorado springs for parks, for parkland. some of it was developed. some of it was left open. but he believed people needed a place to go outs

that because not have public financing in elections, it is privately financed that is what has to happen. when i was referencing with the finance campaign system that makes no sense and is broken, we have right now a system in which the individual who is running for office is tapped in terms of how many contributions and how much he can receive from one entity. but then ran outside group can spend millions and millions of dollars for a super-wealthy individual arrays to have-wealthy individual can write a check. that an early in the system is the worst of both worlds. it achieves absolutely nothing. i am very interested in believing in fundamental campaign reform. the only extent to which my up and has changed is i feel rather strongly. >> tell me about your family. when you go home, who would you go home to? how do you balance all of this with the home? mr. boyle: my wife and i have been married for 10 years. we have a beautiful, gorgeous daughter named abby. i also, my dad is still with us, fortunately, i spend a lot of time with him. he lives in my district in philadelphia only 55 and

plus, get up to 36 months interest-free financing.ep risk-free with sleep train's 100-day money back guarantee. and of course, free same-day delivery! are you next? make sleep train your "ticket to tempur-pedic." ♪ your ticket to a better night's sleep ♪ leave early go roam sleep in sleep out star gaze dream big wander more care less beat sunrise chase sunset do it all. on us. get your first month's payment plus five years wear and tear coverage. make the most of summer... with volvo. . >>> the 49ers heading back to their home turf. it's been a year since this traffic headache and other wrinkles at the new levi's stadium. so what's different this time? >> plus, challenging the old ways of bay area politics. how this teenager plans to take on a long-time leader. >> thanks for watching us at 5:00. "cbs evening news" with charlie rose is next. >> the latest news and weather is always on cbssf.com. see >> rose: a midsummer nightmare on wall street. stock prices plunge, oil hits a six-year low. also tonight, two american servicemen take he

hans is there -- what are the takeaways from the finance minister?t's part of the campaign market, by angela merkel and her finance ministry, to convince the party to support this vote in the bundestag. it is expected to be north of 100 -- they aren't going to lose it but they want a strong showing. yesterday, he wrote the letter and talked about a sustainable path. interviewlked in an about what the imf will be. the germans continued to insist that the imf will be involved, in he's sure that the imf for contributed the program, he said in an interview. "just as we declare this to be indispensable." has is a country that demanded specifics, demented enforceability, demented credibility. but on this issue they are taking a leap of faith. they insist that the imf will rejoin the program in october. all the imf has said is that as long as greece follows through they may rejoin, in there has to be some sort of debt restructuring, debt relief. here is all that germany had in terms of imf participation -- this is a letter from the european stability mechan

our debt to gdp ratio, and our financing ability.re established and we agreed to them, and we agreed that would be the goal of the restructuring, everyone said the targets were too conservative. that a gdp ratio of 2.1% was artificial. we just did a deal that met all three targets. people are saying that it is soft. that is beyond comprehension. minister, i think you wanted a 40% right down. you received a 10% right down. no.jaresko: we did not ask for a 40% write down. for three pieces that would meet those three targets. i can give you more than a half-dozen alternatives that meet the targets, including the one that we disagreed two. francine: is there risk that ukraine might have to return to the negotiating table, or do you think this is it? ms. jaresko: there's no question there are risks. the personalities that caused this in the first place, the invasion and occupation of and terrorists of eastern ukraine. if the war to expand, that would put additional pressure on the country. we are hopeful that the agreements will be implem

the finance committee's report contains clear evidence that the i.r.s. and other agencies heeded the president's call. for example a few weeks after the president's speech before congress the i.r.s. made a pivotal decision to set aside all incoming tea party -- applications for special processing a decision that that would ultimately prove fatal to some of their applications. around that time the department of justice was considering whether it could bring criminal charges against 501-c-4 operations that engaged in criminal activity. there were investigations opened noon conservative organizations. the i.r.s. met with both agencies providing input on the department of justice's proposals and investigations into the federal elections commission and organizations that were under investigation. these actions leave little doubt that when congress did not pass legislation to reduce spending on political speech, the administration sought alternative ways to accomplish the same goal. regardless of whether an explicit directive was given the president gave the o

personal finances also drop to the lowest level in three months. mark: the nationals who has revealed the gender of the surviving panda cub. it is a boy. she gave birth to twins on saturday. diedther twin, also a male on wednesday. officials say the surviving panda appears strong and healthy. the father is also the father of the other two cups. still ahead. we will be speaking with death -- dennis lockhart. we will be right back. mark: welcome back. mckee is there with dennis lockhart, the president of the atlanta federal reserve. michael: the morning session has concluded. there was a lot of theoretical talk about how you measure inflation and what central banks should do about that. actual policy question about what to do about inflation because it is too low at the moment. the forecast are that it will start going up. the question is fast enough that you are ready to move now. face is whether i have to see tangible evidence. if i have to see that evidence in the data or whether i can rely more on the forces at work in the economy given me confid

there they say, no, you can't disclose who's financing all these ads. it's the exact opposite in order to protect the privacy of those engaged in political speech to preserve certain social interactions as well. you know, if we're going to demand to judge everybody on their politics, i think society becomes a very unpleasant place to live. so i think there's much to be said for sort of keeping a greater wall of privacy around what people do. and say at any one time. i'm not sure if that answers your question, but my thinking is that whichever way is the best or maybe the europeans have gone too far, i think we may be at a point now where we've gone overboard in a sort of, you know, everybody's got to know everything about everyone. i'm into the sure -- i'm not sure that is healthy either. >> i want to focus on that in a moment. but first maybe a response. do you want to defend a little bit of american free speech imperialism? >> absolutely. but i also want to say something about the academy. because there is this idea that all of this censorship that ta

i have been very successful and you can ask the great finance years who know me because i know many of them and they respect me a lot and i respect them but i have been able to take deals that should be bad deals and turn them around, and turn them around into very successful deals. a lot of that is buying time. a lot of that is negotiating with banks and, in fact, cutting banks and doing what you have to do, but i have been very, very successful at that. >> dickerson: all right donald trump we appreciate your time and look forward to talking to you again. >> thank you very much, john. great honor. >> dickerson: next up is another republican candidate former arkansas governor mike huckabee joins us from little rock. thanks for joining us, governor. i want to get to the debate in a moment, but let's start with your comments on the iran nuclear deal. the president you said was marching the israelis to the door of the oven. i want to know, has there ever been a modern debate where an argument was won by using a nazi analogy? >> i don't know if a debate has been won but i know that we are

the x finance minister refused to support the bailout. greece is due to pay more than 3 million euros to the european central bank. the worstre seeing refugee crisis since world war ii. that's according to the eu migration commissioner, who added that the situation in greece is especially urgent. the contrary is set to receive further emergency funding and has the -- country is set to receive further emergency funding and has intensive thousands of arrivals in the alone.nth >> the continent has been caught off guard. it's facilities are at it breaking -- at a breaking point. facing theourselves worst refugee crisis since the second world war. itself struggling, fighting to deal with high influxes of people seeking refuge within our borders. hit, ag the hardest greek island close to turkey. >> this is something we often do in the municipality. we are collecting money, despite our limited resources. there are many people here who, emotion, they are helping these people, but they have nearly nothing to get these days. toa cruise liner has ar

telling me what how much is the gap and how much financing we're looking at. >> that's what we'll the team will be working on for the next several months to finalize the financial plan, finalize any additional resources that be are coming in to the development and finalize the ticketing then we'll know what the gap is. >> is it going to be ground or alone. >> oh, alone uh-huh. >> thank you. >> i have a couple of questions on the affordable housing units i know we don't have a neighborhood preference program yet but is it appropriate to ask the executive director to give us some background on what might be you know an opportunity for the commission to consider a neighborhood preference for affordable housing? sure commissioners within the context of the existing preferences that exist within the mission bay plan and the agreement as many of you may know the preferences that exist for affordable unit certificate of preference is at the top and to the extent that developments have not executed ground leases the ellis act because you're a legal separate entity from the city should you cho

telling me what how much is the gap and how much financing we're looking at. >> that's what we'll the team will be working on for the next several months to finalize the financial plan, finalize any additional resources that be are coming in to the development and finalize the ticketing then we'll know what the gap is. >> is it going to be ground or alone. >> oh, alone uh-huh. >> thank you. >> i have a couple of questions on the affordable housing units i know we don't have a neighborhood preference program yet but is it appropriate to ask the executive director to give us some background on what might be you know an opportunity for the commission to consider a neighborhood prhaveenthe why tho the why. >> yeah. >> the malice that will give us a report. >> that's correct. >> all right. maybe we can do a followup okay my last question i know it's early about the retail concepts but interested in finding what the retail concepts we might be looked at or the process will unfold whether groceries amendments to the groceries grocery stores anywhere here. >> i know the developer has been wor

plus, get up to 36 months interest-free financing.ith sleep train's 100-day money back guarantee. and of course, free same-day delivery! are you next? make sleep train your "ticket to tempur-pedic." ♪ your ticket to a better night's sleep ♪ announcer: it's time to play "family feud"! give it up for steve harvey! [captioning made possible by fremantle media] steve: how are y'all doing? thank you very much. ha ha ha! thank you very much, everybody. hey, welcome to "family feud," everybody. i'm your man steve harvey. you know what? we got a good one for you today. we got a family here returning for the second day, all the way from chicago, illinois. it's the moffett family. [cheering and applause] oh, but from kennesaw, georgia, it's the bishop family. [cheering and applause] everybody's here trying to win theirself a lot of cash and the possibility of driving out of here in a brand-new fuel-efficient ford fusion hybrid. [cheering and applause] let's play "feud," everybody. give me d.j., give me ashley. [theme music playing] all right, g

legal situation has been resolved and i completed an eight month overnight for xp need the campaign-finance limit by $20000, i'm still doing some community service and counseling but the bulk of my penance is completed. >> you write about that or your experience in a must book it recent book of america. wasn't justified, do you feel your punishment. >> i think when you look at justice you have to not only look at whether someone dead it also have to look at whether the penalty was proportion to the defense, you have to look at whether there are other people who did the same thing and got a similar penalty. so justice requires proportionality and it requires equity in my case, i did exceed the campaign-finance laws, in fact fact i said from the beginning i had done so. so the problem is there seems to be known in the united states who would receive the kind of punishment i got for doing what i did. to give you an example, there's an asian and indian fellow and child low and he gave a $186,000 over the campaign-finance and the democratic candidates including hillary clinton. he was also convi

stephen: i think they have to prove it because the bailout has the approval of the finance ministers -- they are negotiating it, and they are the incumbents. they are going to get it through. mark: what is priced in and what isn't priced at? obviously the worst is over, the big concerns are over when it comes to greece. the money should now be cb.thcoming from the e the equity markets were very concerned in the run-up to the negotiations. as part of the negotiations, it meant that the greeks were increasingly, openly allowing to talk about the euro exit, and then surprised everyone by opening the possibility. i think the underlying truth that they were just negotiating hard, and a bluff was being called. in the end, there was no alternative. mark: but that could cause problems, couldn't it? a vote of confidence after august,, the 20th of might the party unravel in coming months? stephen: well, it's not a party, it's a coalition. i think it's entirely likely that they are a political force and they are now spent. i think it was easier, much easier, to be a vote for the opposition than

let's talk about the acquisition, the real estate finance business from renshaw. talk us through your rationale for wanting exposure to european commercial property at the moment. >> yeah, thanks very much for having me. i mean, renshaw bay has a terrific real estate finance business, and this is an area that is quite interesting, given the kind of low-yield environment we're in. private market real estate debt is an asset class that makes a lot of sense for institutional investors. it's one we don't currently offer and it's in great demand for many of our clients. when it was clear to us this was potentially an option, we jumped on it because we think they're a terrific group. >> alexander, as we get closer to rates going up, of course, in the u.s. likely first ahead of europe, but how's that going to affect this business? >> yeah, i mean, look at the overall environment. you talked about the devaluation of the chinese currency today. i mean, we have a very gradual normalization path ahead of us in the united states and largely an accommodative rest of the world,

in my case i did exceed the campaign-finance laws and i said from the beginning i had done that. so some punishment was in fact appropriate. the problem is there seems to be no one in the united states who receive the kind of punishment i got for doing what i did. to give you an example of what i mean, there's an asian indian fellow and he gave $186,000 over the campaign-finance limit to a whole the campaign-finance limit to a whole series of democratics candidates including hillary clinton. he was also convicted of witness tampering so for doing this he got a sentence of three months probation, that's it. no present no confinement. now for giving much less, and giving nni corrupt way, gave to a a college friend, had nothing to gain with it, gate did it out of my desire to help a longtime pal. i got a much more severe sentence so my concern is has more to do with the equity of treatment for people who are similarly situated, i did do it but i think the penalty when you measure it against other people it doesn't seem to be proportion. host: in fact in freedom fest you're giving a

zeb: we are talking about peer-to-peer finance, the margin right dancing -- the margin financing thatthe collapse. this is a multibillion dollar trillion dollar industry in china presenting a huge challenge to traditional banks. people are doing banking online, getting margin accounts and taking on huge amounts of risk. you have traditional banking now being conducted by these online payment platforms and the government cracking down, trying to tighten the regulations here. there are 270 online payment platforms, including alibaba's finance arm. they have the biggest claimant -- payment platforms. they will be subject to tighter rules. individual customers can only pay online about 800 u.s. dollars per day. all of this in an effort to rein in some of the risk in the financial system prevent stock market movements like we've seen in the past two months, and certainly to level the playing field. rishaad: what happens to these companies? do these new rules mean that they go into extinction or do they get together and consolidate? zeb: that's what the analysts are saying you are likely to

which is about the monetary financing of an investment program.ne reason or another, if you can't do that through orthodox monetary policy or fiscal policy, why not borrow for the the bank? fund an investment program? it can only be the case under special circumstances. it would have to be in deflationary circumstances. the idea that this is mad because it will lead to runaway inflation is wrong under the circumstances. it is something worth considering. that bit is anti-austerity, hat as reasonable credentials behind people haveown backed it and not to be considered, and not written off as a recent of this -- rescinded this version of socialism. has proposed this idea of qe. aggressive monetary financing of investment. the bank of england creating money to invest. is that a proposal you believe can be supported? guest: i don't know. i don't think he would have rejected it out of hand. he would have given it serious concern. and which can issue bonds for a particular project. that would be one possible way of doing it. behind it is not so much how

so at dealstruck, we help them with healthy financing so that they can grow and we can be there withhem fort long-term. >> what is a number one concern that millennials -- when you help them find a low, what's the number one concern they say when they're looking at the economy? >> you know, i think mostly their biggest concern has more to do with managing their own business and making sure they manage the right decisiones and operate effectively. most millennial hes who are preers in starting company are doing it for the first time or the first or second time and they have to focus on the things that they control. what keep of financing they take and try not to worry too much about the macro because there's only so much they can do about it. do they speak about the potential rate lending coming in the future? >> commercial cleaning companies and retailers and restaurants and manufacturers. so for them, it's, you know, an interest rate hike is not super impactful, but certainly they're aware of what's going on and they're looking at the options and making sthur that whether the econom

go. >> not assistant finance director, assistant to the finance director. >> right. >> how much aretion with his people, i guess is what i would say, and how enthusiastic are they? >> that was part of the reason i think i joined draft biden was i was hearing from the donors that beau and i had met over the course of our time together, i was hearing from people in iowa who i had worked with after i was assistant to the finance director, i was a field organizer in waterloo, and so i was hearing from a lot of people who were close to beau who i knew in iowa saying is he going to do it, is he going to do it, is he going to do it. at that point it became clear to me that draft biden needed to have a lot more -- a much larger grassroots network, and i could go there and help them kind of build that. by lending it some -- you know, some credibility and some seal of approval almost. >> the first democratic debate, i believe, is the second week of october. >> yep, las vegas. >> one would think that -- i mean the decision seems like it should be -- it's got to be pretty soon, right? >> i'll l

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general public in addition to the ocii subsidize that will be fined with the tax exempt bond and other finances is a private bank loan and 5 hundred equity the ocii subsequence a consistent with the $200,000 maximum subsidize per units the sources for the anticipated is 51 thousand for transbay tax increments as stipulated ocii will not be obligated to have the subsidize in the development cost increases to the affordable project related california will be responsible for the cost overruns so for today's request i mentioned earlier t n d c are requesting requesting $16 million for the construction for the affordable project that loan represents the finance that enables the team to apply for tax exempt bonds in of all the trick or treat is 3 percent the staffer recommendations enabling the directors mayor's office of housing to decrease the trick or treat to zero percent should the project feasibility require the loan is subject to the air rights and has a term of 55 years before i wrap up i wanted to give you the highlight of the early market work that happens in the affordable project those ef

a counter and finance line of effort. countering the flow of foreign fighters, countering messaging and humanitarian support. the coalition is engaged in all of those lines. the effort is intended to achieve our strategic outcome. formedhe coalition has the effort with respect to we have seen significant progress. the push against isil has in fact produce outcomes we were hoping for. the government administered program, we are beginning to press on ramadi. we have a number of training bases that have been established. hasthe air campaign support. the kurds have been successful. if you look at a report of where esh was, the surface area and the population that is under their direct control has shrunk significantly. it is going to continue to shrink. is inf the turkish border the hands of friendly's. there is a portion that will be taken as we continue to close those aspects of the turkish border and we can have a sex. i'm alway . momentum daesh's remains unchecked. i do feel it has remained checked. it isn't just a militar

how they strain the finances of even well-off families. from a fiscal, as well as a human perspective funding -- finding cures for these diseases is urgent. i chaired the alzheimer's group for over three years. we learned that over the next decade americans will spend $20 trillion on alzheimer's and other dementias. that is more than a full year's gross semester product. imagine all the money in the country for an entire year would go just to this. the taxpayers are on the hook for much of it, including an estimated 420% increase in costs to medicare, and 330% increase in cost to medicaid. these of course are just too out of many programs. the federal funding for research to cure all timers is only a tiny fraction of the money the government is already spending to treat alzheimer's every year. the nih spent $731 million on dementia research this year less than one half of 1% of the $154 billion medicaid and medicare are spending to treat it. part of the reason for the imbalance is that national health funding has been cut more than 20% in

the finance committee is like the finance committee is like a doctrine of love and fear and i think my colleagues will be interested in where oregon is headed. strong families mean strong kids. that's the bottom line it tomorrow introduce legislation that builds on the first bill of the 1990s and kinship care. a new proposal will be the family stability and kinship care act and the bill will make sure more states are in a position to adopt fresh strategies like oregon's then also provide more opportunity to tap the extraordinary potential of baird to grandparents, aunts, uncles and family members to step in the kinds of circumstances rather with the child may have one of two options that they don't care for. i will close by saying i want to make it clear that this is in no way a condemnation of foster care. the fact is we know kids for which foster care has been a lifesaver. kids for whom foster care was a safe place where they can grow and thrive. what this is all about is creating as many good choices as we possibly can for youngsters to grow up in a safe, healthy environment means k

the cities developed their own financing mechanism too. we went live with the financing in december and have [inaudible] which is impressive considering this is several years out. i also handed out a map. this reflects the work we did with office of economic and work force development and looking at the neighborhoods and overlaying where the buildings appear. there is a important caveat i should point out, the buildings reflected here are the noticed buildings so the information isilateal old so they are not the buildings that have to ret row fit, they received screening forms. so far we see average numbers come through, the average construction cost is reported 71 thousand dollars and that is based on about the 600 or so permits issued so far looking at the construction cost. the other nice thing is we see creative ways to keep stores in operation during construction. we do this with hospitals. making sure things like ground floor retail are operating is not as difficult as you may think so we have seen a rate of these being very successf

capital one financial in talks now to acquire general electric's health care finance unit. the deal will likely top $10 billion. g.e. finished at $25.79. capital one fell slightly oo $80.82. warren buffett's berkshire hathaway fell, weaker results in its insurance operations. a shares didn't move much in after hours trading but declined in regular session to end the day at 215,000. you probably notice a theme this earnings season, companies are blaming the strong dollar for dismal quarterlies. currency was the most popular topic discussed this earnings season by s&p 500 companies. this week's market monitor has some smart ways to protect your portfolio from currency upheaval. last time he was on in january his picks were national grid. it's off 7%. jpmorgan, which is up 22%, and the biggest of all, google, which has jumped 29%. jamie cox joins us now, he's managing partner at harris financial group. mr. cox, welcome. good to have you with us. >> thank you, tyler. nice to be with you. >> we just mentioned so many earnings reports, particularly revenue reports, reference curr

telling me what how much is the gap and how much financing we're looking at. >> that's what we'll the team will be working on for the next several months to finalize the financial plan, finalize any additional resources that be are coming in to the development and finalize the ticketing then we'll know what the gap is. >> is it going to be ground or alone. >> oh, alone uh-huh. >> thank you. >> i have a couple of questions on the affordable housing units i know we don't have a neighborhood preference program yet but is it appropriate to ask the executive director to give us some background on what might be you know an opportunity for the commission to consider a neighborhood preference for affordable housing? sure commissioners within the context of the existing preferences that exist within the mission bay plan and the agreement as many of you may know the preferences that exist for affordable unit certificate of preference is at the top and to the extent that developments have not executed ground leases the ellis act because you're a legal separate entity from the city should you cho

ge is preparing to sell off another finance unit.fargo is the front runner to buy the real car finance business. the unit has more than $4 billion in assets. ge has been selling off its finance business so it can focus on manufacturing. mark: one of the biggest losers and the collapse of oils prices is jefferies group. debt distressed traders lost almost $100 million when the oil route better the energynd the loans of companies. about half the losses came during the fiscal third quarter. jeffries isn't commenting. apple has confirmed the architect of its online radio strategies has quit. in rogers joint apple last year and led the development of apples beats one, it's radio service. it is a free radio service that serves as a gateway to apples paid streaming music subscriptions that began just two months ago. apple is expected to unveil the latest iphone . it is holding an event in san francisco september 9. that is a look at some of the top stories we are following. matt: we're back with jim rickards. he is the author of "currency w