president barack obama is starting his day off sifting through a mixed bag of financial data and trying to figure out how it will affect his re-election campaign heading into the fall. the latest employment data is out. the jobless rate inched up to 8.3% last month. it's been stuck around the 8% level for the last few months. the brighter spot involves nonfarm payroll. u.s. labor department analysts say employers added 163,000 jobs, mainly by gains in the manufacturing sector. that's approximately 60,000 more than economists had forecasted. >>> japanese prime minister yoshihiko noda is gearing up for a fight stay in power. seven opposition parties are joining forces to submit a no-confidence motion against him. they are trying to block passage of a bill to raise the consumption tax. your party, communist and social democratic party leaders met friday and invited four other parties to co-sponsor the no-confidence motion. they intend to submit it before the upper house takes a vote on the consumption tax bill. noda's ruling party pushed the legislation through the lower house late last mo

right now, with the deficit, our financial staff is working hard to analyze the financial data we havereceived over the last couple of months. we were alarms about the -- we were alarmed about the operating deficit. we were alarmed about the operating ratios. we were alarmed about the bcdc obligations. we have cut expenses vary significantly. we have looked at the revenue side of the equation. nobody likes to get their rent raised. i understand that. we did hire a company to do with -- to do it, a professional survey certified in california. unfortunately -- actually, fortunately for him, he is not lie( because he has a jurynot duty. but we have set up a meeting with representatives of the advocates for the south beach harbor review to go over the rate methodology. the assignment was to research and verify rental rates, market trends and facilities with an analysis of the range of marina slips. and the conclusion of the survey agrees with what the redevelopment agency stated in 2010. i can reiterate it if necessary. rates were clearly below market. further analysis showed that the bri

hearing about transparency -- it is incredibly important would be more transparent about the financial data at our disposal now. the general fund -- what the problems with their model is we do not have a general fund. how many people have seen transactions with the general farm? we have all seen them. unfortunately, the consolidation model does not have general fund. transactions in the agencies which are due from the general fund, there is no corresponding. it is authority, debt, and catch. it has worked this war because debt and cash are managed by the u.s. treasury department. there is a process through which we can get budgetary authority. you ask for a warrant and ticket and generate an apportionment and get omb to sign up and you get budgetary authority. on the other side, there are no accounting answers. at the end of the day, we try to validate the government itself has not exceeded its budgetary authority. this year we have created the general fund account. it looks like a set of agency accounts. it is manage just like her agency manages their accounts. october 1, when one of your

the ability to process transactions, process and protect data is critical to the success of financial services. our main data center and our biggest processing center serving about 45 countries. it is more than just asia here in singapore. >> how about a good place to live? >> i would say that also. it is like living -- house shall we -- in a rural part of america, or britain or you have green fields and and this expenses. this is an urban environment. but it is a good or bad environment. there is greenery, there are orderly streets were traffic flows. you can enjoy yourself. >> i asked a couple of our guests about living in singapore. >> i think that singapore is a good place to live. >> i think that we work very hard in making it a very livable. it is not all about economic growth. the quality of life is very important. we have tried very hard to ensure that we address this part of it come about quality of life -- part of it, about quality of life. the crime rates are low. we have a great court system, a good education. at the same time, we need to provide for the lifetime needs of

data. the financial crisis and the iraq crisis caused -- the euro crisis caused a huge capital problem. the bank has increased its capital by more than 8 billion euros. >> let's look at the performances this wednesday, starting with frankfurt. the german dax was down slightly, but ever so close to the 7000-mark. down 1/3 of 1%. the dow is up at 13,176. the euro is trading down slightly, 1.2351. another downgrade is now more likely for greece. standard & poor's has revised the outlook for athens to negative. its credit rating is already at junk status. >> the country got -- the country's government has agreed to more on popular cuts-- more unpopular cuts. >> these greek bank workers say they are not for sale. they are protesting against the privatization of this bank, in fear for their jobs. >> we will not allow anyone to destroy as. they want us to be handed over to a banker. he will just cover up for his corruption. >> the government sees no alternative. if the creditors are not happy, the cash applied to greece will be cut off. >-- the cash supply to greece will be cut off. >> the pri

personal financial data, keeping progress of knowledge. you'll need to read 365 things here to keep up with literature for your internal medicine doc or, struggle for reimbursement. this one surprised me. violence and health facilities are four times as common as another prototype or industries. i don't want to say overtime, so the solution is education, education, education. thus we've been talking about. that doesn't do it all. i hope this psychologists here and scholars here will teach us how to reeducate the subconscious. i look forward to that. that will help us a lot. this is a book available. this is my time from a physician's disc, 52 years of experience taking care of patients over the years and how i think some of the things that happen in the doctor patient relationship and how some suggestions on how to provide equitable care and suggestions for patience as to how to hope doctors help them to receive equitable care. and the main theme of thatcomic into the details now, but the main theme is to seek our common humanity. doctors

>> bloomberg lp is a financial mecha. it is data, analytics, news, and it is the firm that michael bloomberg founded. my roommate at the time, we were both in turns, spending all of our money on rent, and she brought serial home every day -- cereal home every day, because bloomberg has kitchens stopped -- stocked with wonderful food, not the most healthy for you. on the money and, you think, this is amazing, what company provides free food for its employees? if there is to there for you, you never have to leave the office, so it boosts productivity. that is how bloomberg news got on my radar. i wanted to check this company out. they were doing a recruitment program on campus, and i was debating between that were going to work for my political science professor. i went to the event and i said, i want to work for bloomberg news. they said, you are coming right out of college. we do not have entry level positions on the news side. we are starting this program called, "global customer support." you make all these contacts. after a short

our electric grids, our communications networks, our financial data processing systems. those are our great liability. those are the things that secretary of defense panetta was referring to when he said the next pearl harbor we confront could very well be a cyber attack. so are we as close as i think and is it important that the senate do its job because the house simply failed to address the critical infrastructure part of our responsibilities? mr. lieberman: again, i thank my friend from rhode island, i thank him for the extraordinarily constructive role he's played, and unusually here, unfortunately, in bringing the group of eight members, four -- he together with senator kyl ofs a, four -- of arizona, four democrats and four republicans who created a bridge that invited senators collins, carper and rockefeller and i to come halfway across to change our bill from mandatory to voluntary. my answers to your two questions, however, are yes and yes. we are a lot closer than we were really just a month ago, a matter of weeks ago. there is a remaining difference, and it's

this essentially means that the two companies will be sharing sensitive financial data and other information two companies and proprietary information and they're going to start looking at whether or not there is a possibility of a merger. keep in mind this was expected because amr said a few weeks ago we're going to extend ndas to a number of airlines including u.s. airways. in reality it was all about u.s. airways. this does not mean that we see a merger or merger announcement imminent. it does mean, however, we're going to enter into a period, guys, i suspect probably a couple of months, two to three months of quiet if you will where these sides will be sharing information and at the end of that i think that's when we find out whether or not they can make a deal or whether or not something is going to have to happen in a hostile fashion which is not unlikely because i think you have got two companies, two managements here that both want to run an airline. the question is do you have enough cash to do two things. one, pay off the debt that will have to go away and, two, take care of the bo

this report was updated to the federal clearing house data base and includes the city's basic financial statements, along with the information related to the city's federal expenditures for fiscal year 2011. this city expended $560.5 million of federal awards in its fiscal year 2011, as noted on page 165. of these awards, we performed tests on 21 of these programs that were deemed to be major federal programs, and that represented over

data is released. a strategic tie-up in the financial industry today. e-bay's paypal electronic payment system has a deal with discover financial to issue payment cards. it gives paypal access to millions of stores over discover's payment network. paypal already accounts for almost half of e-bay's revenue. e-bay shares were up 2.5%, closing at a new 52 week high. discover saw a 3.8% pop, also hitting a new 52 week high. the deal gives discover the potential to generate revenue for paypal by using its payment network. there was a more traditional buyout offer in the health care real estate business, focused on senior living properties. health care reit has offered to buy sunrise senior living. the price is $845 million, or $14.50 per share. sunrise senior living stock jumped almost 60%, closing just below the offer price. this is a four year high. the proposed buyer, health care reit fell 2.7%, falling to a two month low. susie reported the hewlett packard quarterly earnings a moment ago, the regular session saw dell shares see heavy selling. dell report

this report was updated to the federal clearing house data base and includes the city's basic financial statements, along with the information related to the city's federal expenditures for fiscal year 2011. this city expended $560.5 million of federal awards in its fiscal year 2011, as noted on page 165. of these awards, we performed tests on 21 of these programs that were deemed to be major federal programs, and that represented over 70% of the total federal expenditures. during our audit, we identified internal control findings related to the foster care program and a report on compliance was unqualified for all programs except for the subrecipient monitoring requirements of the foster care program. two findings related to the foster care program our findings number 2011-1, subrecipient monitoring, and the required monitoring was not performed. the department misinterpreted the monitoring requirements, and as such did not have these organizations identifying as being required to be monitored. and finding 2011-2, which relates to allowable costs. the indirect cost rate used for the fi

financially repress the population into oblivion giving only the few insiders the benefit direct absolutely but it's not it's not just quantitative easing is what i found looking up looking at the data since one nine hundred seventy what is the the financial wealth of the financial sector goes up. as more audience creates it why are the sense transmission mechanism which is interest rates but as and to a much money supply goes up. the financial sector gets richer so it's it this is just a new phenomenon since quantitative easing this is been operating in cinema slowly and consistently. since. and somewhat. ok john you mentioned this term transmission mechanism which is enter gall in any notion about free market capitalism or free markets and price discovery that is to say that when a certain supply and demand curves are happening in one area of the economy there is a transmission mechanism that will affect them another area of the economy we see this right now between the euro and the dollar the euro is going through interesting times and there's a transmission mechanism visa v the global banking system where the dollar is perceived to benefit but in this new world john isner true t

part of this is about longer trends in the economy, but if you look at the data,s this about the financialcollapse of the housing bubble. on the other hand you see strong growth in industries like retail and restaurant which together combine for about 43% of net job growth. to me, this is really about a longer term trend, but the great recession is leaving it's impresent on it. >> we're just releveraging, they're sitting on piles of crash, they're not creating jobs because they're weary. >> i think that's part of it. what's going on here is you're looking at part-time jobs. who do employers higher first? a part time worker or help. they'll see if the demand or supply is back and if they can make profit. this happens in most recessions. we see an increase in part-time jobs, and the early fazes of recovery. and when the recovery gets going is when you see the middle income jobs coming back. the problem is this has been an awful recovery. i think everyone agrees. we have seen help in the part-time jobs, and not as much in the middle income jobs. >> are you optimistic if we tart to have improv

the dismal data has turned global equities lower. >>> uk financial watchdog looks to tighten the screws on libor. the man in charge of the fsa review considers obliging banks to set rates and extending regulation to other financial benchmarks. >>> and will manchester united score with investors? the football club prices its ipo below the expected range as it gets ready to list in new york. >>> plus, japan's upper house gets set to vote on a controversial sales tax hike within hours. the prime minister could also set a timetable for an election shortly after. >>> prudential's earnings for the first half of the year have been helped by strong growth in asia. we'll get to those full results in one second. first, just bringing you the release of producer price data for the uk in july. that core ppi output posted its weakest year-on-year gain since september 2009, coming in at minus 1% for the year, minus 2.4% for the year for the inter-ppi, that is, up 3.4% for the month. so, flat on the month for the output ppi, a gain of 1.3% for the input figures. bottom line, softer, ross. >> yeah, and

threat of cyber attacks as hackers go after money, intellectual property and other data from individuals, the financialgovernment and the defense establishment. last thursday, the u.s. senate took up a bill to address the vulnerability in one key sector: the country's critical infrastructure, including the electrical grid, nuclear power plants, oil and gas lines, water supply and transit systems. >> the motion is not agreed to. >> warner: but republicans filibustered the measure, and it fell well short of the 60 votes needed to cut off debate. with that, lawmakers left for the august recess, leaving the bill's co-sponsors, joe lieberman and susan collins, frustrated. >> am i disappointed? you bet i am. am i angry? yes, i am. because once again the members of congress have failed to come together to deal with a serious national problem. >> it just is incomprehensible to me that we would not proceed to this bill. >> warner: in a statement, the white house also denounced the senate's failure to act. it read: senate minority leader mitch mcconnell charged democrats had tried to ram the bill through without

financial aspect. but on the on the other hand, have unique who needs who hold highly data have been cautious to move to the cloud. you're on timeout leo! some things won't last 25 years. ah! woof. some things will. save up to 20% on an ikea kitchen. you know, ronny... folks who save hundreds of dollars by switching to geico sure are happy. and how happy are they jimmy? i'd say happier than a bodybuilder directing traffic. he does look happy. get happy. gha geico. fifteen minutes could save you fifteen percent or more on car insurance. president clin ton and a bi-partisan congress helped end welfare as we know it, by requiring work for welfare. but on july 12th, president obama quietly announced a plan to gut welfare reform by dropping wk requirements. under obama's plan, you wouldn't have to work, and wouldn't have to train for a job -- they just send you your welfare check. and welfare to work goes back to being plain,ld welfare. mitt romney will restore the work requirement, becausec it works. [ romney ] i'm mitt romney and i approve this message. becausec it works. we gotta sell the car. where would

to dump the names of veterans who live had representatives appointed to manage their financial affairs into the data base of dealing with firearms ownership and background checks. totally unfair to do this across the board basis. the amendment reads, we urge immediate action to review the automatic denial of gun ownership to returning members of our armed forces. >> is there a second? there is a second. are you raising your hand to get a copy of the document? or because you have a comment? >> [inaudible] >> everyone has the document? the amendment has been proposed and seconded. discussion? hearing no discussion, we will call the question. some of you just got the document. >> i am sorry, sir. i am not clear where it goes. >> give us your name again, sir. >> it says page #8 and line # 23. >> add the following copy. >> it continues the section at the end. >> yes, sir. discussion? >> thank you, mr. chairman. i wanted to ask one question. we were just talking back here and one of us interpret the us to mean that this was a member overseas serving, there was a representative managing his financial affai

data was wrong. >> did you review the records? >> we review the financial portion of it. >> do you think you should have looked at this. >> i don't think i had a time to go through every 300 page document. >> most of the time the information is correct and somehow this time it was not. >> we're found it was not accurate the year before either. they didn't submit any data for most schools. >> you didn't realize this last year? >>y in. >> those are big mistakes to be making. >> we expect districts to accurately check the data before they report to us. >> stephanie manages the data submitted by all california districts. >> there is no responsibility on the state's part to monitor the data. >> yet the state uses the data to identify persistently dangerous schools. in california, pds is based on only the number of expulsions for violent offenses. as they expel a high enough number, they are designated as persistently dangerous. with the number of people expelled in 2009, this district was flagged as at risk. it shouldn't have been. we checked the record and foun

data. as important -- >> sorry. i'm not making up stories. >> as far as the balance sheet situations go, financial obligations ratio which an estimated of percentage income spent on current financial obligations, dropped levels we haven't seen since 1992. >> what about the data on unemployment? i mean -- you can't sit there and say everything is so rosy. >> i'm not saying it is rosy. between 1975 and 1985, unemployment and in the u.s. economy averaged 7.6%. it wasn't the best period of time but wasn't a decade of recession either. what we have right now in the united states is slow growth economy leaving a lot of slow growth work others the sideline. as a social crisis, not an economic crisis. we need to deal with those folks with social tools and not economic tools. >> guys, we are going to make that the last word then. todd, chris, thank you so much. >> thank you. >> we have breaking news right now. we want to get to john forth. breaking news right now on apple. over to you, john. >> big news here, maria. when you upgrade your iphone or ipad or other device to ios 6 the youtube app will not be preloaded on it. ap

but businesses, employers and financial institutions do not have to send out their income data for people until the end of march so there is a window of opportunity whenever effectively the i.r.s. is working in the dark. they don't have the numbers if somebody files for a refund, they don't have anything to measure against. and there are systems issues. >>trace: is it partly because the tax system is such a train wreck? we have tax attorneys that cannot figure out the tax system. if we can figure out loopholes, the crooks can figure out loopholes, right? >>guest: yes. they figure them out first. a great example is there were 2,100 returns filed at a single address in michigan. they all went to one address that shows they are in the proper red flag, when there are duplicate records, multiple refunds given to one social security number, 2,100 checks sent to one address, that is software changes that are bake. this is not just the i.r.s. individuals are responsible, as well. >>trace: but they hit the i.r.s. but they targeting us. this is identity theft from thousands of americans. >>guest: i

labor department has released alarming data suggesting unemployment has surged again in almost every state later today artie's financial gurus max kaiser and state her report no punches about those they believe are responsible for economic hardships the full show is coming your way next our. g.d.p. is not calculate anything having to do what a sustainable economy and life affirming qualities the only thing that contribute to g.d.p. in the u.k. in the u.s. in the g twenty countries is suicide if you commit suicide fast like they do in india the farmers are committing thousands of suicide a month because a month's out joe that's considered a growth story the emerging market it's a happening contrary they're committing suicide really fast there's the u.k. people are committing suicide at a more leisurely british pace like oh darling i think helped out by so ok that's considered g.d.p. but not quite as aggressive as in the united states oh yeah well in their case it's more homicidal suicidal so you get those massive shootings and then you've got people killing themselves ordinarily so it's a combo play. was the end of the