reserve is buying enough bonds to keep the interest rate zero so we have the central bank now financing unitedstates government so it's less dependent on chinese purchases never the less the trade surplus from china has to be recycled somewhere and it appears that china is still mainly recycling it into dollar assets unfortunately we have to end it there paul craig roberts former u.s. assistant secretary of the treasury thanks for your time. the debt ridden he you has suffered another blow from rating agencies moody's downgraded the debt ratings of six states including vulnerable portugal italy and spain this is the bloc struggles to prevent greece from default by offering ballots in return for more austerity parties jacob kruse reports from athens. system on the seach m.p.'s drowned out the pleas of tens of thousands of demonstrators amassed within a short passing another round of unpopular cuts. the results proved incendiary . that uganda protests turned violent as protesters including fringe anarchist clashed with police again leaving their mark on athens. a day on this is the remnants of p

programs, a leading provider of micro loans in california, and has a robust community real estate finance unit. next, we have the ceo of ne community federal credit union. since 1988, she has been the ceo of northwest community federal credit union. under her watch, the credit union group to over 1600 members. it has become the national model for institutions seeking to provide financial education and banking services to the low- income communities. last but not least, we have our conditional lender represented here by wells fargo. mark cyrus is the senior fda banker for the region -- the senior sba banker. he held businesses choose the best loans for the growing business and focus on a comprehensive understanding of their goals for their business. mark is responsible for helping entrepreneurs with sba loans every step of the way. i would like each of you to speak a little bit about what your organization does and, more importantly, address the audience here and let them know what your looking for when you are hoping to fund their loan. we will start with you, mark. >> absolutely. thank you. i

unit on the other a lot. both have significant departures for lot size, and iun financing of for your unix -- financing four units, and i concur that given the size of the units, they are probably more affordable than the larger units, which have some fairly large buildings, given the fact there is still a multiplier that applies in volume -- applies value. the question that makes me sway in between is while studying the fact the building was moved through a state action and the fact that it is difficult to finance is that the rear property has no parking. when we had these other cases, and i am trying to decide whether i want to be consistent or not, the one i voted for also have rear parking. the front building was massive, so in my opinion it was over- untitled. give me another moment. >> i appreciate the comments. gooi am slightly torn in my feelings, and the reasons being part of both challenges, and planning looked carefully at the situation, and given the constraints going forward, it does bother me there is no parking, but i think issue the house got moved there as well, someone in voluntarily is also an

if you take a look at the global economy, the g-20, the eminent group of finance ministers, the united states is number one. we are the largest economy in the world. china is now number two. china in a

our elections are being bought and sold by the better a long time before citizens united we really needed publicly financed elections before citizens united we had corporate lobbyists of which there are twenty four for every member of congress running washington before citizens united but citizens united was like a wake up call to people it really showed and crystallize for the american people what was wrong with their government it wasn't that it was too big it was who was paying for it and that it was just a very narrow slice of our elite so we have an opportunity in this country to actually create a movement that is going to galvanize progressive tea party members independents and it's about taking back our democracy so there are a number of things we can do the disclose act is just a basic sort of sunshine transparency if you're going to be buying a bunch of political ads if you're going to be spending in our elections you've got to say who you are as filibuster by the republicans in the senate exactly but it's back in this year and it's incredibly incredibly popular with the american people so that's

acknowledge -- lastly, i like to acknowledge those whose debt financing helped -- gap financing helped. you on the unit contributed to the project. this project is have we done. -- you have all contributed to the project. this project is have we done. it will be even better when we can open the doors. blogging rosenthal -- bobby rosenthal from the veterans department. [applause] we are going to pass out hard hats. we will see them before. i am sure everybody will be here when we open the doors again for our veterans. they do, everyone. -- thank you, everyone. [applause] >> thank you very much.

if you take a look at the global economy, the g-20, the eminent group of finance ministers, the united states is number one. we are the largest economy in the world. china is now number two. china in a few years will be number one. united states is richer on a per capita basis by a magnitude of about tenfold, but china will have more economic output than the united states. it is a force that has to be reckoned with. they got this way because they have had very good growth for a number of years, but it is growing a little bit too strong. there are some small bubbles popping up in different parts of their economy, and they are trying to slow down the economy. slowing down an economy -- every government can do that. the hard part is controlling that downward trajectory. in most cases, countries that tried to slow down their economy -- they go into a crash, they go into a recession, but china is different. the best way i have to describe china's economy, to steal a line from yogi berra is one-half market economy and three- quarters centralize control economy. they are big enough. they are

acknowledge -- lastly, i like to acknowledge those whose debt financing helped -- gap financing helped. you on the unit contributed to the project. this project is have we done. -- you have all contributed to the project. this project is have we done. it will be even better when we can open the doors. blogging rosenthal -- bobby rosenthal from the veterans department. [applause] we are going to pass out hard hats. we will see them before. i am sure everybody will be here when we open the doors again for our veterans. they do, everyone. -- thank you, everyone. [applause] >> thank you very much. >> the question when i started 11 years ago when i started doing resolution work is can anything be presented on a really low resolution device where it is potentially a digital image? can anything be presented that way? or will it feel cold and electronic? >> the imagery will change. there will be four different sets. it is a two dimensional image. it is stretched out into three dimensions. the device is part of the experience. you cannot experience the image without the device as being part of what you are seei

so if the law was meant to be transparent and a member of the finance committee and a united states senator cannot get information about the process, which is what we're constantly being told over by cms, something is wrong with that process. >> well, senator, let me see if i can address your concerns. the essential health benefit model that we chose to adopt is the so-called benchmark model, which would allow a state to use a popular employer coverage or state employee coverage or the federal employee coverage existing as a benchmark. but all of the rules of the aca apply, including the ten categories of mandatory coverage. so none of that is waived, as you look at a benchmark for a particular state, and i would say that we tried to balance affordability with comprehensive coverage in order to get a state up and running. and what we found, looking at the models across the country, is that there was very little variation in the actual coverage, there was a lot of variation in cost sharing. that seemed to be the most significant in the categories. but the anti-discrimination, the ability of

acknowledge -- lastly, i like to acknowledge those whose debt financing helped -- gap financing helped. you on the unit contributed to the project. this project is have we done. -- you have all contributed to the project. this project is have we done. it will be even better when we can open the doors. blogging rosenthal -- bobby rosenthal from the veterans department. [applause] we are going to pass out hard hats. we will see them before. i am sure everybody will be here when we open the doors again for our veterans. they do, everyone. -- thank you, everyone. [applause] >> thank you very much. >> good morning. today is wednesday, january 18, 2012. this is a meeting of the abatement appeals board. np to turn off the electronic devices. the first item is roll call. [roll call] commissioner romero is excused. we have a quorum. the next item is the oath. all part is giving testimony today, please stand and raise your right hand. do you swear the testimony you are about to give is to to the best of your knowledge? thank you. you may be seated. the next item is item c, approval of minutes, discussion and act

acknowledge -- lastly, i like to acknowledge those whose debt financing helped -- gap financing helped. you on the unit contributed to the project. this project is have we done. -- you have all contributed to the project. this project is have we done. it will be even better when we can open the doors. blogging rosenthal -- bobby rosenthal from the veterans department. [applause] we are going to pass out hard hats. we will see them before. i am sure everybody will be here when we open the doors again for our veterans. they do, everyone. -- thank you, everyone. [applause] >> thank you very much. >> [roll call] >> just as a reminder, we would ask that you turn off all the electronic sounding devices that may go off during the proceedings. if you are having any secondary conversations, we would ask that you take those outside so we can proceed as efficiently as possible. if you want to speak on an item palace filled out a blue card. anyone speaking will have three minutes on each item unless announced otherwise by the president of the commission. please address your comments to the items being heard. if it

acknowledge -- lastly, i like to acknowledge those whose debt financing helped -- gap financing helped. you on the unit contributed to the project. this project is have we done. -- you have all contributed to the project. this project is have we done. it will be even better when we can open the doors. blogging rosenthal -- bobby rosenthal from the veterans department. [applause] we are going to pass out hard hats. we will see them before. i am sure everybody will be here when we open the doors again for our veterans. they do, everyone. -- thank you, everyone. [applause] >> thank you very much. captioned by the national captioning institute --www.ncicap.org-- supervisor chiu: please call the roll. >> roll-ca[roll-call] mr. president, there is a quorum. supervisor chiu: ladies and gentlemen, please join me in the pledge of allegiance. >> [inaudible] to the public for which it stands, one nation, under god, indivisible, with liberty and justice for all. supervisor chiu: madam clerk, are there any communications? >> no. supervisor chiu: please read the it -- the event agenda. items one through 17. >> it wi

acknowledge -- lastly, i like to acknowledge those whose debt financing helped -- gap financing helped. you on the unit contributed to the project. this project is have we done. -- you have all contributed to the project. this project is have we done. it will be even better when we can open the doors. blogging rosenthal -- bobby rosenthal from the veterans department. [applause] we are going to pass out hard hats. we will see them before. i am sure everybody will be here when we open the doors again for our veterans. they do, everyone. -- thank you, everyone. [applause] >> thank you very much. commissioner campos: good morning and welcome to tuesday january 31, 2012 meeting of the san francisco counterattacked his majority. my name is david compost. i am the acting chair of today's meeting. the clerk of the committee is erika cheng. please call item one. >> roll call. we have a quorum. commissioner campos: please call item no. 2. >> approval of minutes of december 13, 2011 meeting. this is an action item. >commissioner campos: before we take any action, do we have any public comment? seeing none, publi

acknowledge -- lastly, i like to acknowledge those whose debt financing helped -- gap financing helped. you on the unit contributed to the project. this project is have we done. -- you have all contributed to the project. this project is have we done. it will be even better when we can open the doors. blogging rosenthal -- bobby rosenthal from the veterans department. [applause] we are going to pass out hard hats. we will see them before. i am sure everybody will be here when we open the doors again for our veterans. they do, everyone. -- thank you, everyone. [applause] >> thank you very much. knows >> the executive director for saint anthony foundation, honored to welcome all of you to this hope-filled and ossetia's differ the foundation. for those of you may have been down in the dining room, today is a special day for all of us, especially our guests. in october of 1950, father alfred bodeker, a pastor just up the street, open the doors of saint and the 's dining room. he saw it as a growing need on the sidewalks outside the church. everyday folks were lining up, searching for food. he felt that han

. >>> a struggling hospital is asking the district for $15 million to try to finance a turnaround. unitededical center in southeast d.c. says the cash would help fund new branding and forgive a $6 million loan. the district took over united last year after the previous owners defaulted. many council members have pushed to keep it open because it is the only hospital east of the anacostia. other city officials want it to sell quickly. mayor gray said he will carefully review the request. >>> the debate over what to do with the hospital is what reportedly triggered a profanity-laced conversations between council members david catania and marion barry this week. it happened at the annual retreat. "washington examiner" reporter alan blinder was the present for the dispute. he said that barry asked a question about the future of the hospital to which catania took offense. catania takes credit for helping to rescue united medical from bankruptcy. >>> a developing story this morning in california. a federal agent is dead after an argument with his supervisor. this unfolded inside a federal build

acknowledge -- lastly, i like to acknowledge those whose debt financing helped -- gap financing helped. you on the unit contributed to the project. this project is have we done. -- you have all contributed to the project. this project is have we done. it will be even better when we can open the doors. blogging rosenthal -- bobby rosenthal from the veterans department. [applause] we are going to pass out hard hats. we will see them before. i am sure everybody will be here when we open the doors again for our veterans. they do, everyone. -- thank you, everyone. [applause] >> thank you very much. >> hello. 9 judge terri l. jackson. the court is now recruiting prospective civil grand jurors. our goal is to develop a pool of candidates that is inclusive of all segments of our city's population. >> the jury conducts investigations and publishes findings and recommendations. these reports them become a key part of the civic dialog on how we can make san francisco a better place to live and work. >> i want to encourage anyone that is on the fence, is considering participating as a grand jury member, to do so.

, they have tried to push through the disclose act, and there's a united front here for campaign financeeform. but it is a minority in the senate who is stopping it from going forward, when you are up against a stubborn minority and the supreme court of the united states, you cannot change the rules as fast as you would like to. >> i want to bring in the panel here, this metaphor does not invoke the devil, but the washington post said this is how it starts, your neighbor buys an attack dog and every several months you both have rocket launchers, is it >> what are you going to do? you cannot fight with a hand behind your back, people have said, it like saying, to rich people, just go ahead and pay more taxes and it's not really the answer. in the meantime the president should play by the rules and do the best he can. >> how much are progressives going -- the wall street journal said today progressives care and tomorrow they are not going to. >> probably. >> would you agree? >> i do. i do not think it a big mover of voters. and it never is, is it a flip flop, i think that is clear. do i th

. >>> the struggling hospital is asking the district for $15 billion to try to finance a turnaround. united center in southeast washington says the cash would help fund new branding and forgive a $6 million loan. the district took over the united hospital late last year after the previous owners defaulted. many council members pushed to keep the hospital open because it is the only hospital east of the anacostia river, but other district officials want to sell it quickly. mayor gray said he will carefully review the request. >>> and a bowie madison in the hospital in critical condition this morning after being rescued by his twin brother. the two men got trapped inside their car when it veered off the road near stoecnehaven lane in bowie. firefighter travis murdoch arrived and quickly realized the driver was his twin brother, chris, also a member of the bowie volunteer fire department. chris is hospitalized now in baltimore. a passenger in the car was injured but is expected to survive. >> what are the chances? we've heard stories about twins sensing when the other is feeling a certain way.

that's publically-financed campaign system to begin with overturning the citizens united decision. and to eliminate the notion that money equals speech. until we get the big money out of politics, the average american has no voice, no fair shake, and the policies that do benefit a very few at the cost of very many are going to remain in place. this is the way the system has evolved. we have to change it. it's pretty easy actually. >> one thing i have discovered, and my own journalism around this beyond everything you just said, is the natural districts, is there gerrymandering? yeah. but you're going to have democrats and republicans living in self-selecting pools around the could ntry. because of those predisposed districts, and the lack of any legitimate primary challenger to the incumbent in that district. so if the democratic district, if nobody challenges the democrat, that is the critical point of disconnection that's allowing whoever is the nobility may be to be completely unresponsive to the electorate. how do we get more challenges for dominant districts for incumbent poli

united medical center. the district cfo finished a presentation to on the state of district finances and council member barrypoke up about the united medical center asks the cfo about it. it's in his southeast ward. at this point, council member catanya unloaded on him and i am not sure if barry got his question answered. >> who else was in the room and how were they reacting to this? >> the other members were in the room and was the only reporter in the room. there was an atmosphere of embarrassment. some members tried to encourage them to be quiet and one noticed that i was in the room and pointed out that a journalist was sitting a few fight away and they kept going at it and at one point, catanya office his feet screaming and i couldn't hear if barry had a response. he was drowned out by david catannia. >> tell me about the back and forth. i understand that barry accused of catanya was harboring a long- standing disrespect for black men? what was the specific back and forth? >> there were various comments about -- the comments came after the interviews with the reporters after the episode. but housed a n

finance. the citizens united decision has changed the election landscape dramatically. ress has refused to pass any campaign financial information. president obama came in on a pledge of campaign finance reform and he has not really follow through. a lot of groups, including common cause, public citizens, have all been pushing this petition. the white house has set up a petition process whereby if you can get 20,000 signatures, the president will respond to your question. we put together a commission asking the president why he has not nominated new the fec commissioners and asking him to do so. host: talk about the citizens united decision. you are very critical of the decision. there are people out there who say more money and helps more people get involved in politics, can get the message out to more people. is it not getting more people involved? guest: i do not think too many americans feel like they are not seen enough negative campaigns. we are seeing, for example, a contribution of $10 million to a superpac for newt gingrich that has basically allowed newt gingri

they noted some campaign finance issues and encouraged the girls to give the cash 20 did, 50s, and hundreds to ron paul's super pac. >> that's right whereas citizens unitede meant an orgy. now thanks to the paul campaign they have a lesson on campaign finance and learned multiple meanings when you talk k k k k k k k k k k k k k k k k k k k k k k k k k k k k k k k i guess i'm helping them save hundreds on car insurance. it probably also doesn't hurt that i'm a world-famous advertising icon. cheers! i mean, who wouldn't want a piece of that? geico. ah... fifteen minutes could save you fifteen percent oh dear... or more on car insurance. >>> two days ago indiana govern mitch dan yellows made his state the 23rd to pass right to work legislation. in our number one story with the most watched sporting event in the world occurring in indianapolis on sunday a coalition of organized labor and occupy protesters have an ideal platform to voice displeasure, the signature by mitch daniels, 3,000 protesters took to the streets to express their outrage. they marched from the capitol building to lucas oil stadium, home of sunday's super bowl. some hoosiers have tried to

united states. but i am sure the vice-president will be the first to tell you we have work to do, especially discriminatory subsidies, financing, protecting intellectual property and trade secrets, and ending the practice of making the transfer of technology a requirement for doing business. the united states will also work to ensure that all countries play by international rules. we brought cases that have challenged unfair trade practices, and we have descended u.s. producers and workers in many arenas. of the month's state union address, president obama -- protect our market. the benefits, and there are many, and the challenges of doing business with china as well as your plans here and their plants here in the united states. we welcome your suggestions on how we can address the difficulties you face, and i would to thank you, again, tom for your hospitality and thank all of your colleagues for joining us and i look forward to our discussion. mr. vice-president. >> [speaking in chinese] >> [speaking in chinese] china-u.s. and economic cooperation. american writer edward bellamy's as the golden age is before us and not behin

easily said right out loud what has been going on for a long time before citizens united and not just in the campaign finance which is the corporation's are just like people and we can't regulate them differently than we regulate people and that is catastrophic i think to the american democracy. interestingly its catastrophic to the american economy. we have a thousand business leaders that come out working with the american sustainability business council and for democracy calling for an amendment because they know essentially pay to play government business is not good for the competitive and healthy economy. it's used by the biggest corporations in the world to throw out the political process to get a favorable policy that is the opposite of efficient and innovative favors. the old from the last generation, the fossil fuel corporate wealth rather than the new business that's trying to start up, so it's that in so many ways and i know you all know that, so i won't belabor that, but that is the toxic doctrine that lies behind citizens united the need to overturn, and because it is a constitutional doctrine

essentially just said out loud what has been going on for long time before citizens united, and not just a campaign finance, which is corporations are just like people and we can't regulate them different that would regulate people. and that is catastrophic to american democracy. interestingly i think it is catastrophic the american economy. we have a thousand businesses to come out working with the american sustainable business council, business for democracy, calling for an amendment because they know government pay to play, business is not good for competitive, healthy, innovative economy if used by the biggest corporations in the world throughout the political process to get favorable policy that is the opposite of efficient and innovative that favors the old, the old wealth from the last generation, the fossil fuel corporate wealth rather than the new business that is trying to start at the so if that in some ways, and i know you all know that i won't belabor that, but that is this toxic doctrine that lies behind citizens united that needs overturning. and because it's a constitutional doctrine, there

unit followed the money and found dozens of silicon valley companies trying to gain access to politicians. steven stock uncovers the names. >> raj, jessica, we dug through thousands of state and federal campaign finance records. five years' worth to see what the top corporate officers of major silicon valley companies gave, and nbc bay area investigative unit exclusive. >> that car was what got the electric car revolution started. >> he builds and manages the american dream from paypal to solar city. the companies he's helped create define silicon valley's cutting-edge technology. as this promotional video for the brand new model s shows, he's achieved much in a relatively short time. musk is fast becoming a major player in politics, from washington, d.c. to sacramento. according to federal and state election records, he has personally given more than $300,000 to dozens of candidates and political action committees. he's the largest single donor among corporate officers in the last two years of the. >> money comes in and influence comes out. >> reporter: the president and co-founder of maplight.org. there he tracks political donations and the influence they can buy. >> we have a corrupt system of gov

they said right out loud what has been going on for a long time before citizens united and not just in campaign finance which is corporations are just like people and we can't regulate them differently than we regulate people and that is catastrophic to american democracy. interestingly it is catastrophic to the american economy. we have 1,000 business leaders working with american sustainable business council, business for democracy calling for an amendment because they play government -- pay to play business is not good for competitive, healthy and innovative economy. it is used by the biggest corporations in the world to corrupt the political process to get a favorable policy that is the opposite of innovative -- the old well from the last generation of fossil fuel corporate wealth rather than the new business of trying to start out. that in so many ways -- i know you know that so i won't be labor that but that is the toxic doctrine behind citizens united that needs overturning and because it is a constitutional doctrine there is no debate among the american people about should we give corporations

that however there are some groups in syria that are being financed been pushed by the western powers especially from turkey and from the united states from france from the european union. there is a real problem often and. fear and sin city in affairs and well one one when one says this one one can read in some media outlets that the u.s. and russia and china are also interfering by vetoing a security council resolution well vittoria security council resolution that is not in the direction of dialogue is not cannot be considered similar to interfering in syrian affairs by sending in weapons and money and fortunately and by actually disrupting the situation for generally we have to end this here dr omar ashour a political analyst thanks for your insight you. last year pro-democracy protesters in another arab country bahrain thought they got what they wanted after being promised reforms including among the police but twelve months later activists trying to mark the anniversary of the uprising found the clampdown was as harsh as earlier the only difference this time the same tactics and arms the police use were brought from the

advertising is, the big effect of a lot of these campaigns, finance decisions, sort of the twin of mccain feingold, the bipartisan format and the citizens united decision, what it's really done is eit's weakened parties. the size of the pie, in terms of the spot advertising on television has not grown tremendously. now there's obviously the internet and there's other ways of communicating, but the slices of the pie are different. where the slice that the party controls has gotten much smaller, and the slice that these groups control is much bigger. so the decision and the

finance reform? >> guest: that's what i'm doing every day. this is what progressives united is all about. i founded it with a number of people that i've worked with in the past as well as some other experts a year ago, right around the time of the anniversary of the citizens united decision. people can go to progressivesunited.org to be part of a several hundred thousand strong group that is working to make people aware of the consequences of citizens united, but also to support legislation that would help such as the disclose act and make sure people know where the contributions are coming from to get rid of the federal elections commission which is a joke and have real enforcement, but also to call out candidates whether republican or the president or anyone else if they're deciding to play this game of getting involved with corporate money through these undisclosed and unlimited contributions. this is a system that i believe is devastating for those who are progressives. and so a system where we believe that money shouldn't control policy, but people should control policy. and so we ar

unit. >> oliver: tugs kegee airmen when war stories returns. your finances can't manage themselves.doesn't mean they won't try. bring all your finances together with the help of the one person who can. a certified financial planner professional. cfp. let's make plan. droid razr by motorola. buy one for $199.99, get another one free. and back for a limited time, get twice the data for the same low price. verizon. >> oliver: the overall code name for invasion of japan was operation downfall. it was expected to be monumental. they planned as men many million americans and two million japanese casualties. >> even two atomic bombs didn't bring their immediate surrender. six days after the second atomic bomb. emperor told them the war was over. with japan's surrender the invasion plan was scrapped. millions of americans came home to the victory they so welcome deserved. >> whencame home from world war ii after flying 162 combat missions, first thing i saw was the colored line to the left and white to the right. it makes you hate everybody, but you have to balance it with the good guys fro

united was prevented from airing the documentary on tv by the federal election commission. that's because it violated the act which was bipartisan election designed to reform campaign financingit claimed the law violated their first amendment free speech rights, and the case made it all the way to the united states supreme court. in a 5-4 decision, the court struck down those provisions of the act that banned corporations from broadcasting messages about candidates close to election day. in the majority opinion. the justice wrote that money does not, quote give rise to corruption or the appearance of corruption end quote. this opened the flood get as for corporation spending. and the result $2.8 billion was spent on broadcast campaign ads in 2010. super pacs spending this year is exploding. >> money is not speech! >> earlier this month, on the two-year anniversary of the supreme court decision, hundreds of people around the country converged on state courthouses to protest the supreme court decision. the ongoing fight to reverse the citizen's united decision is takes place on several months. montana's supreme court recently upheld a century-old state law, banning corporate s

stated policy on finance reform but when it comes down to it, he puts winning ahead of, is he putting winning ahead of his principals here? >> absolutely not. you know, after citizens united came out, i heard you were playing some video in the run up to this segment about the president out there talking about the need for disclosure in campaign finance and all the secret money was going to the republican side, that is sill the case. the president still believes that we should pass the disclose fact, you know the reality in the united states senate, you know there was a unanimous republican filibuster against that. we have citizen's united that opened up a flood gate of money for republicans campaign, for one purpose, to defeat the principal. we still believe the system ought to be reformed but we are realistic about the world we are living in. we are not going in with one hand behind our back, we are going in to fight to win. >> are there guidelines that you are giving to priorities usa, are you asking them to do something that the law does not ask them to do. if they are at an event, we will know all the donors that came that night. is there something different that you'

in the united states, especially, we're not even prepared financially to finance the lifestyle that we'reooking for, and now if we're going to live longer, we're going to have a bigger shortfall. at black rock, we're concerned about this gap. and we believe with our leadership role, it is our responsibility to speak up about this giant savings gap. and this giant gap to meet your retirement. we spend so much time focusing on our health care needs, and we want to live better lives to live longer, but we're not thinking about the financial aspects of living longer. and are we going to have enough financial resources to afford the lifestyle that we're used to. >> the longevity is a major issue. and i know that's one of the most important as far as you framing where we are right now. so let's answer that very simple straightforward question that you have put forth in terms of this branding campaign. what do i do with my money? how do you invest in this environment? >> we believe there are five opportunities in terms of investing. so i may be 100% interested in owning equities myself. but obvi

among the gainers today, finance and technology leading the way. bank of america, hewlett-packard, united tech, boeing and travelers, all rising sharply as we head toward the close. maria? >> lots of news today on the exchange front, of course. first this morning, we did see the earnings beat from nasdaq omx group. also making headlines, the failure of the deutsche borsh deal, and the new landscape for the global exchanges. in my exclusive right now, bob greifeld talked about earnings. >> it was an increase year-on-year that we pulled out. but it was our second best quarter ever on a nongap basis. we did that when you really had a declining volume environment. in many ways it showed the strength of our business model where we diversified away from a transaction-based business model. what we diversified in is commodities, in both the nordicing, one of the most successful ventures in the uk. we have three of the six largest providers contributing every day to our auctions. and that grew 100% quarter-on-quarter. so pretty remarkable. we were trading about nine hours, now we're up to 20. >> w