tom of the financial times are hear as our reporters. next question. >> i just like to ask, the financial stability over sight council was created. this has you sitting aside timothy geithner, i wonder if this includes the credit union, i wonder in times of crisis how this war council will be with all these people around the table. >> right. well, not all of them are voting members. even if they were, i think, there's one lesson i learned during the crisis. people with diverse viewpoints can come together and make a decision and make it quickly. we have done it over and over again with our own process. that is a fairly elaborate process requires a superior majority of the secretary of treasure with the concurrence of the president. those decisions got turned around quickly. when the situation calls for it, it can be addressed. i being with anything, you need a balance. then i'm not worried about. i think if a crisis situation, we can come together. if i have a concern >> it's about the rule-making process and there's a lot of elaborate pr

here is what "the financial times" says this morning.he lack of any substantive agreements and brinkmanship is likely to exacerbate volatility in the month running up to the sowell group of 20 summit. guest: it's true trying to coorditing policies, that we really need to work together, that we need to get a framework but there's another thing to get real action, substantive action, on getting that kind of coordination. and i think that what we saw at this weekend's meeting is just a hardening of possessions. the chinese say they're not moving. the japanese still talking about wanting to intervene. the united states giving no indication that it's not going to go through quantative easing. hopefully something changes between now and november 12 when we have the next g-20 meeting. to me it sounds like a bunch of platitudes. host: do you believe there could be currency volatility, and if so what's the outcome of that? guest: i'm hoping -- i think there almost certainly will be currency volatility in ts kind of enviroent where different count

our financial times are the same as many of the landlords, but we managed to secure these four. out of those 94, we have five, and these four before you today are first 729 filbert st., a dph location. a rent reduction of 5%. the consideration the city is giving in exchange for this is an extension of a lease of five years. 655 fifth street, dph location, that is a rent reduction, also an approximate 5%. here, we are extending the lease for one year. for the department of child services, 109 new montgomery, 617 mission, looking at an extension of two years, five months, additionally, an option to reduce our footprint at inappropriate time during the lease. that reduction is also 5%. lastly, 160 south than ness, an hsa property. there we are looking at a 5% reduction and extension of the lease for one year. the budget analyst did an excellent job summarizing the general fund element of these savings as well as the non- general fund elements. it concurs with this recommendation for approval. any questions, we also have staff from each of the affected departments. supervisor avalos

in the financial times interview, he said that there is an idea of beginning to circulate currencies can be used as a poverty weapon. the u.s. government has been urging beijing to take action. the house of representatives recently voted to impose punitive tariffs on chinese products. europe is stuck in the middle. the european union has urged china to let the yuan appreciate. european exporters would benefit from greater sales opportunities on the world market. analysts expect the european central bank to raise their interest rate slightly if inflation pressures increase. that could bolster the euro and to make european goods more expensive. currency issues will be high on the agenda at the annual meeting of the imf and the world bank in washington this weekend. >> earlier, we spoke with our correspondent in washington. with the warning that currencies could be used as a policy weapon, i asked what was the actual worry. >> they are worried that what is already called a currency war could hurt the global economy because all of the economic interests -- tools that you use to keep your

the front page of "the financial times caused what has this headline. -- the front page of "the financial times" has this headline. this is "the washington times" this morning, front page of that newspaper. good morning. caller: good morning. host: go ahead, keith. you are on the air. caller: i am wanting to say that candidates to spend their own money, money that they earned in what ever and ever as a private citizen, i'd belt -- don't necessarily have a problem with them spending that money to get elected. i do believe that the gentleman said before, anyone who spends $139 million of their own money to get elected to a governor position has an ulterior motive. it would to the kind of make me not want to vote for that person. but i think it is ok for them to spend their own money. as for money coming from corporations that make them equal to citizens, i think that is an unfair advantage because i feel as a citizen, i get drowned out by that money because i can't possibly compete. then when candidates do take that money, people are not offering millions and millions of dollars to support

while the to skim or skip basketball teams and ice hockey clubs could be in for some tight financial times next year mining giants nicol who fully sponsor both teams indicated that their late the shareholders meeting they could be trimming the fat the first signs that the company was willing to depart the sporting stage hangmen billionaire and i would sports from mikhail prokhorov sold his twenty five percent share of the company to a minion heavyweight april two thousand and eight no rules little then slashed his girls' basketball budget by about a third last year event cut the funding and closed the f.c. moscow football club earlier this year mikel reiterating that the budget for the two clubs will be intact the rest of the year but big changes could be looming in twenty eleven. wait and see well and the k h l defending champions act bars have seen their four game winning streak come to a halt as the cars and side last for three away to ask them will be lists last night nicolaas to go school midway through the final period to put back bars within a goal but that proved the best they coul

it is easy in difficult financial times to target people who probably are among the least popular in society, but i do think that how we treat those individuals is something that ultimately defines who we are as a city, and the fact that san francisco has been and continues to be committed to making sure that those individuals receive the health care and treatment that they need, i think says something about the kind of city that we are. and i want to thank you for your commitment, and for hanging in there and not giving up. for sticking through it, even in a very difficult time. it has been my honor to see that. i just want you to know that your work is appreciated. i am very proud and honored to be a san franciscan because of what you do. thank you. [applause] supervisor maxwell: wells said. there is not a lot to add to that. ever since i have been here, 10 years now, every year you have them on the carpet. and every year you have stayed because people feel and know what you do. how can somebody do better when their teeth hurt? how can they do better when they are sick? you underst

says this is my film i get the last word this financial crisis will not be turned off like a light switch. wealthy british style. time to. market why not. find out what's really happening to the global economy with mike stronger for a no holds barred look at the global financial headlines tune in to cause a report on our. line. soon which brightened if you need soon from funds to christians. whose friends don't totty don't come. welcome back you're watching live from moscow a reminder of the top stories the chechen parliament terror attack was a demonstration to acquire that russia's north caucasus has a new militant leader jostling for power according to aspirants the raid was attempted by a group of militants on tuesday morning and left three people dead and seventeen injured. the russian french and german leaders agree that nato and russia should face their challenges together a meeting in the french resort of devilled president medvedev says he'll attend next month's nato summit in lisbon. and the u.k. has announced cuts to its defense budget worth almost five billion dollars which will be to a delay in the renew

since this is my film i get the last word this financial crisis will not be turned off like a light switch. wealthy british style. time to. market why not. come to. find out what's really happening to the global economy with max cons or for a no holds barred look at the global financial headlines tune in to cause a report on our. morning news today violence is once again flared up. these are the images the world has been seeing from the streets of canada. china corporations are today. i guess this is on c.n.n. these are the week's top stories a horrifying chronicle of over one hundred thousand deaths and evidence the u.s. and north widespread torture in iraq as the wiki leaks website and blows open four hundred thousand secret pentagon files in the largest ever leak of classified american documents. two policemen and a civilian die in a terrorist attack on the parliament of the russian republic of chechnya with three ministers also blowing themselves up in the ford assault. also rising anger in europe other government cost cutting plans as french unions vow to fight on other president sarkozy's bill raising the pensio

here is what "the financial times" says this morning.he lack of any substantive agreements and brinkmanship is likely to exacerbate volatility in the month running up to the sowell group of 20 summit. guest: it's true trying to coordinating policies, that we really need to work together, that we need to get a framework but there's another thing to get real action, substantive action, on getting that kind of coordination. and i think that what we saw at this weekend's meeting is just a hardening of possessions. the chinese say they're not moving. the japanese still talking about wanting to intervene. the united states giving no indication that it's not going to go through quantative easing. hopefully something changes between now and november 12 when we have the next g-20 meeting. to me it sounds like a bunch of platitudes. host: do you believe there could be currency volatility, and if so what's the outcome of that? guest: i'm hoping -- i think there almost certainly will be currency volatility in this kind of environment where different

made tough decisions to prioritize education, safety and job creation during some very difficult financial times. >>> your electric bill could soon be going up. new at 5:30 -- how much more you can pay and what is behind the latest price hike. a warning tonight about using your laptop on your lap. a new phenomenon called toasted skin syndrome. plus, it's a very itchy problem. we have five tips to help ease the pain of poison ivy. two governors, two different approaches. even in good times bob ehrlich didn't make education a priority. he increased college tuition by 40%, cut school construction by $200 million, and ehrlich voted to eliminate the department of education while serving in congress. but in the toughest of times, martin o'malley has made record investments in public schools, new school construction, and o'malley froze college tuition four years in a row. with martin o'malley, our children always come first. >>> if you've ever had poison ivy you know how uncomfortable it can be. in tonight's "take 5" abc2 news' linda so has five tips on treating the itchy rash. >> reporter: they come i

tough decisions to prior tides education, safety and job creation during some very difficult financial times. >>> well just exactly what does a vote for or against question a in anne arundel county mean? the battle over slots at arundel mills is raging, the ad is hard to miss and the cornish company who plans to develop slots near the mall came out against the negative ads saying they are miss informing voters. in reality, they said the slots would not be in the mall, and there would be no legal way to relocate them to laurel park like the ads suggest. but the campaign succeeds and people vote against slots in the mall. they said it would cost millions in lost revenue for the county. >> and it means the zoning has to start over from scratch, it means many many years, i have to be honest with you, many many many years of delay for us; for the county. >> the no slots at the mall campaign was not available for an on-camera interview but did send a statement which says in part "cordish is trying to stop free speech. the best way county voters can fight back is to stop cordish's plan to put slots

o'malley made tough decisions to prioritize education, safety and job creation during difficult financial times. >>> and it's one of the moments the president won't soon likely forget e was speaking to fortune magazine's most powerful women summit in washington last night. the seal on his podium fell off. take a listen. >> we cannot sustain. oops. was that my -- oh, goodness. that's all right. all of you know who i a . [ applause ] >> super glue next time. the president added but i am sure there's somebody back there that is nervous don't you think. the seal was picked up and taken back stage after he finished the speech. >>> remember when the teleprompter broke? >>> a meltdown at car wash. >>> >> a driver outraged what change machine doesn't work. his tirade all caught on tape. >>> also ahead this track is not an ops cal court a sink hole opens up and the race to get it fixed. >> wow. >> let's go. we have got a race to work here this morning. here mark jones with your mta report. good morning, mark. >> reporter: good morning, dealing with wet roadways slowing buses up some so allow extra time

> reporter: caltrain attributes the rising administrative costs to more work during difficult financial times including more public outreach and community meetings. for the current budget year caltrain has frozen salaries and implemented a furlough program. >> there is nothing i can do about it. >> reporter: does it make you angry? >> a little bit. >> reporter: that they're making so much money? >> yeah, i wish i was making it. >> reporter: in addition to raising fares the caltrain board of directors will also likely cut four trains from the weekday schedule to save money. a final decision will be at a board meeting tomorrow. in san jose, i'm mark sayre, cbs 5. >>> candidates for governor aren't slowing down. new totals for money and another record shattered with a month until election day. meg whitman has spent a record $140 million on her campaign so far. democrat jerry brown has spent about $11 million. whitman reports having $9.2 million left to spend compared to about $22.5 million for jerry brown. >>> meantime, up in sacramento, state lawmakers are still on track to vote on a budget dea

morgan chase and bank of america together the financial times reported they originated one hundred billion dollars in sub prime mortgages between two thousand and five and two thousand and seven almost three quarters of the total. what i did in the mortgage industry i first got involved in about liking the i was a loner originator. and during that time what i had seen was nothing short of amazing in terms it was very predatory the techniques that were being used the salesmanship that was being used to gimmicks on the loans and how they were structured it really disturbed me catchall to this and how they could get away with that is people hear full disclosure depending on the lending institution you went to in other words a bank a broker or lending institution or three different all three have different sets of regulations that govern them and so full disclosure it wasn't necessarily important to the loan itself just get them to sign on the dotted line if they were happy with the numbers you have a loan. how many of us mo but our time with nancy basically what we do is going to someone's ho

in the financial times weekend edition, selling of u.s. dollar accelerates. long island, new york on our line for independents. joe, you're on the washington journal. caller: thank you. i want everybody to know that's listening, you're proud to be an american, you want to salute the flag. the steel that is going up at ground zero, the steel that's going up in the new buildings comes from china, not made in the united states. virtually nothing is made in the united states. we won world war ii with our massive manufacturing base. and now, it's the global economy. wall street runs it. two weeks ago, there was rumors that there was going to be a big spike on wall street because china is hiring. i don't care about china. i care about the united states. and i don't think any american ever elected a politician to represent the global economy. november is coming. make sure you vote for politicians that represent the american economy. host: we'll leave it there. in the wall veet journal this morning, turkey and china to shun the dollar. ohio on our line for republican

know but we know now that says moscow basketball and hockey clubs could be aim for some type of financial times next year mining giants not a disc nique in who for the sponsor both teams indicated that their latest shareholders meeting they could be trimming the fat the first size that the company was. willing to dupont the sporting stage came when billionaire and avid sports fan broke out of sell these twenty five percent share in the company to allen media heavyweights will solve in april two thousand and eight. they then the funding and close the mall school football club it is this year. retiring to the budget for the two clubs will be intact for the rest of the year but big changes will be looming eleven. now in golf ernie els has won the grand slam of golf a year ending to a mint which unites the four major champions of this season but amazing enough else did not win a grand slam event in twenty six and answering the tournament as a substitute for lost as champion filmmaker anyways the south africa who grabs the top three around of two under sixty nine else. they did david thomas who was

morgan i'm sure you could die local to run the listing and according to the financial times trying to contain it is expected to float a thirty five percent stake giving it a target from you ation of about one point one billion dollars or russian railways will maintain the majority stake. and russia's largest email provider is planning to issue shows in the london i.p.o. drew is to float a subsidiary of the same name to five billion dollars it includes major assets of the company and a two point four percent stake in facebook the company plans to complete the i.p.o. by the end of the. bench a capitalist taking part in russia's global innovation partnership are expected to size up the country's development opportunities on the second day it's expected to include nano which is russia's nano technology help entrepreneurs say there's a wealth of ideas that are right for development. many of the bigger companies like google oracle and organizations like that have a very definite nature sadly show a long term relationships were astonished that come out of these x. law schools and to establis

the financial times in which martin wolf says quote to put it crudely the us wants to inflate the restof the world while the latter is trying to deflate the us the us must win since it has infinite ammunition there is no limit to the dollars the federal reserve can create what needs to be discussed is the terms of the world surrender no because china russia iran to name three figured out that with all the extra dollars in their bank accounts all they need to do to totally screw up the us economy is keep buying gold and as gold keeps going higher the us is not very well prepared to deal with that contingency and they can print all the money they want it's only going to or what was the chinese phrase they say there are two builders well that's my next ten i got so tell the people to the people us as a currency war is to make or chinese economist says so this is in the people's daily and lee says in a front page commentary the dollar's depreciation may appear to be market driven in reality it is a depreciation colored by very strong deliberate actions and then he goes on to say if the glo

o'malley has made tough decisions to prioritize education, safety and job creation during difficult financial times. >>> coming up next, if you missed out on sleep, the negative effects are more than just you being tired. >> i am not getting enough shot eye can hurt your wake. >>> and we have five tips to help ease the pain of poison ivy. >>> tonight we find out who is leaving "dancing with the stars "and an illness will keep a tar performer from performing. but first the latest business news this morning. >> reporter: we want to remind you if you are trying to get back to work each wednesday morning, here on good morning, maryland we put free video resumes on the air f you want it on the air send an e-mail and we will ahow you to make a 20-send second video pitch and we will put it on the air and website. now up to new york for the latest business news. >> reporter: good morning. we begin your money scope report with official nationwide trying to figure out how many families unfairly lost their homes. at least three major mortgage lenders stopped all foreclosures after official admitted signing fo

obama says oma'am male made tough decision during difficult financial times. >>> and it's 6:53.today former president jimmy cart erin his wife will make a stopper. >> baltimore. >> they will be helping build homes for habitat for humanity. at 11 this morning, they will be in a 2100 block of jefferson to help rehab ten homes. more than 1,000 volunteers are helping the habitat for humanity. carters work project total of 86 homes will be built, rehabilitated or repaired in dc, baltimore and annapolis as well as m minneapolis st. paul and brimingham, alabama. >>> now, maryland's most powerful doppler radar and the forecast certified most accurate by weather rate. >> let's talk chilly air. where do we belong on this date. 71 many we hit 54 yesterday. we are nearly 20 below normal. and we are holding temperatures closer to the normal morning low. it's going take all week to get back to that mark, but we will get back to that mark. 7:06 sun up. you won't see it. we are locked in with clouds and socked this with drizzle especially in the north side and 50 the current reading in baltimor

morgan on choice to run the listing and according to the financial times trying to contain it is expected to float a thirty five percent stake giving it a target valuation of about one point one billion dollars while russian rowley will maintain the majority stake. russia's largest provider is planning to issue shares in the london i.p.o. . to a subsidiary of the same name up to five billion dollars it includes a major russian assets of the company under two point four percent stake in facebook the company towns to complete the i.p.o. by the end of the year. venture capitalists taking part in russia's global innovation partnership are expected to size up the country's development opportunities on the forms a second day it's expected to include a look at which is russia is not a technology hub entrepreneurs say there's a wealth of ideas that are ripe for development. many of the bigger companies like google oracle organizations like that have a very definite need to establish long term relationships with the students that come out of these actual schools to stablish their own r. and d. cen

transit officials say that in these tough financial times, the money couldn't have come at a better time. >>> oakland police are answering some tough questions after an officer shot and killed a family's 11-year-old labrador retriever. sherry hu on why investigators say the cop pulled the trigger in the first place. sherry. >> reporter: a.m. len, i just got off the phone a short time ago with mary-kate hallock, one of the dog's owners. she says there have been overwhelming calls of support, condolence, even offers of a new puppy. although the dog was old she didn't expect the dog to die this way being shot three times in the head. >>> reporter: isabel and matthew hallock just lost their best friend. >> i could not stop crying the whole night. >> reporter: isabel cried that night for gloria, the family's 11-year-old yellow lab. on tuesday while responding to a burglar alarm, an oakland police officer shot and killed the dog. the hallocks told cbs 5 they found out by reading this note left by police. >> this is totally absolutely unacceptable. you don't fire a revolver at a family dog. and

morgan i'm sure you could dial over to run the listing according to the financial times trance contain it is expected to float a thirty five percent stake giving it a target funny of about one point one billion dollars while russian railways will maintain the majority stake. and russian still maker you have runs plans to sell bonds to six hundred fifty million dollars the company is looking to refinance more than three billion dollars that they spent expanding into north america will also provide three point two billion dollars of new loans due to start in twenty eight. russia's largest email provider is planning a london i.p.o. to float a subsidiary of the same name worth up to five billion dollars it includes major russian assets of the company under two point four percent stake in facebook. venture capitalists taking part in russia's global innovation partnership are expected to size up the country's development opportunities on the form second day it's expected to include a look at russian nano which is russia's a nano technology help on to printers say there's a wealth of ideas th

in state assets to plug the budget deficit and increase of foreign investment according to the financial times trans contain it is expected to float a thirty five percent stake giving it a target valuation of about one point one billion dollars or russian railways will maintain the majority stake and freight one another russian roadway subsidiary said it wants to sell a controlling stake to a strategic investor or a consortium of investors. and russian still make a year for us plans to sell bonds for six hundred fifty million dollars the company is looking to refinance more than three billion dollars that they spent expanding into north america will also provide three point two billion dollars of new loans due to start in twenty eighteen. and russia's largest email provider is planning a london i.p.o. mailed to rue is to float a subsidiary of the same name worth up to five billion dollars it includes major russian assets of the company and a two point four percent stake in facebook. venture capitalists taking part in russia's global innovation partnership are expected to size up the country's

he left because we are told he was facing hard times financially. he wanted to put his daughters through university. one of his daughters meeting him just there. he is 58. to come to27th miner the surface. >> you get the impression that none of these men and women working around the mine ever tire of the sight of each one coming up. >> the president closely studying the football. >> it feels almost normal now that we have seen 27 of these, but it is almost extraordinary what is going on, and once it is over it will seem almost unreal. >> remember that a lot of these people have spent the time in the last couple of months communicating with the miners, which is why a lot of this is like seeing old friends, but i think without being sentimental it is a bond that nobody outside of this group can feel and that presumably is going to stay with them for life. >> he is supposed to get onto a stretcher. >> reluctantly. [laughter] still with ball. >> this whole thing has been surreal from start to finish, right from a dreadful dark 17 days to see and no. 27,