we got some perspective from naomi fink of jefferies japan. >> it's a step in the right direction. it's something that has a fairly wide base. it's a fairly efficient tax. it should go some ways to repairing the fiscal surplus. >> but a higher tax rate is a bigger burden for japanese households. fink has concerns about how a drop in personal consumption may dampen economic growth. >> early 2014, prior to the hike, i anticipate we'll have at or near 2% growth. we have seen instances of front-loaded demand in the past prior to consumption tax imposition and hikes, so i expect we'll see the same this time. however, in latter 2014, after the implementation of the hike, i do anticipate that growth will slow, possibly to the 1% handle and possibly below. >> a weak economic growth forecast is a warning signal. the legislation contains a nonbinding clause. it says the tax hike will go into effect only if the economy grows. >> now, as a guideline, i would say 2% is probably the -- it's probably the barrier. if we have close to flat growth, i expect implementation will be at least delayed if

we got some perspective from naomi fink of jeffreys japan. >> it's a step in the right direction. it's something that has a fairly wide base. it's a fairly efficient tax. it should go some ways to repairing the fiscal surplus. >> but a higher tax rate is a bigger burden for japanese households. fink has concerns about how a drop in personal consumption may dampen economic growth. >> early 2014, prior to the hike, i anticipate we'll have at or near 2% growth. we have seen instances of front-loaded demand in the past prior to consumption tax imposition and hike, so i expect we'll see the same this time. however in latter 2014, after the implementation of the hike, i do anticipate that growth will slow, possibly to the 1% handle and possibly below. >> a weak economic growth forecast is a warning signal. the legislation contains a nonbinding clause. it says the tax hike will go into effect only if the economy grows. >> now, as a guideline, i would say 2% is probably the -- it's probably the barrier. if we have close to flat growth, i expect implementation will be at least delayed if n

. >> what i heard by the way is that traders are telling me larry fink was down on the trading floor -- >> blackrock. >> buy the weakness on the draghi comments on the market because he thinks it's a very big deal. >> so blackrock was bullish? >> while the market was selling it off as a huge disappointment. he was like no, it's a big deal many it's a big change of policy. so he's apparently a believer in that. that's my understanding. >> let's also mention, i mean the best that i can remember, larry fink has been bullish on stocks for a while. i mean he has made that call even on cnbc. at times that it was, it was the time to go into equities and go into equities heavily. now that was several months ago. i don't remember what the interim is. but the point is that he saw opportunity yesterday where others were a little more bearish. >> here's the question that needs to be put on the floor here. for every trader, every investor out there. do you buy or do you sell sovereign weakness? there are guys who are retired today, because they bet against the notion of sovereign default. now tha

goo[applause] >> it is my honor to give this award to the most deserving fellow, joseph fink, owner of the cafe. i do not know if you have been there, but it is a wonderful old school cafe, a great place to have a tuna sandwich and ice cream. it is a neighborhood institution, and you should definitely make it out there. good >> we just celebrated our 30th anniversary. >> let me read the presentation. on this monday, august 13, 2012, the small business conditions is proud to acknowledge the contribution the cafe has made to the city of san francisco. over the past 30 years, the company has provided an exciting cafe with desserts. ++p culture, making it one of the most enjoyable eating establishments in town. the proprietor is recognized for championing the value of small businesses and for impacting policies citywide. goothe commission thinks him for his tireless efforts and wishes him a annd toy boat success for many years to come. >> thank you. i will say a few words. i should they my wife, who is also my partner, and my wife, who is my daughter. my son is not here, but he is my son,

goo[applause] >> it is my honor to give this award to the most deserving fellow, joseph fink, owner of the cafe. i do not know if you have been there, but it is a wonderful old school cafe, a great place to have a tuna sandwich and ice cream. it is a neighborhood institution, and you should definitely make it out there. good >> we just celebrated our 30th anniversary. >> let me read the presentation. on this monday, august 13, 2012, the small business conditions is proud to acknowledge the contribution the cafe has made to the city of san francisco. over the past 30 years, the company has provided an exciting cafe

i fink a wonder and worry. for others the war will always be about each other, covering each other's backs about the trust that is so deep you have a passage from the book about feeling that you love your buddies more than your family members of, and then having to figure out how to renegotiate those family relationships when you have seen an experience of something so vital and exciting and potent to estimate this is your second book on the military your first being the ancient philosophy behind the military mind. before you went to the naval academy before you started working with the soldiers, did you have a background in military? in a type of military training? >> no, no. trained as a moral philosopher i worked in ancient ethics and the contemporary problems so this is new territory for me. i was a bit of a fly on the wall. they've put in a new environment, but what i noticed especially in thinking about that book is when i came to teach the segments like cicero my military men and women they loved it and

i fink that we have three different trades today in europe. the biggest one clearly is and still is time east terry smith. why it is the biggest because most we have a large number of people those on the people involved in not special interest action but in extremist action and able to be terrorist in the in the future if. we don't have those and people on the the right wing for instance. so we have dozens of people we have a very clear political and religious agenda we have radicalization process which is some going for us no so i think clearly islamist terrorism is the biggest threat in europe after this we have two different traits the first one is the right wing there is more like gravy but if we accept the british. we didn't have really big scale acts of heroism from the right wing for twenty years and the last would be. the left wing. which for the moment. doesn't exist in europe but it existed twenty years ago we have clear signs that in italy in greece we have some. marxist groups. but very small and on a very. scary how different are

with treasury and he said to me it's as if their mouths are moving a treasury but it's actually larry fink one of the c.e.o.'s of one of the big over the big investment houses it's like his words are coming out of their mouth i mean this is someone at the new york fed who's who is offended by by just how how onesided this was and eventually doing an investigation to find out how this program was designed and how these fund managers were there and it turns out that the very managers that were going to get this huge advantage had essentially designed the program for treasury and were vetoing my suggestions to try to protect the taxpayer from fraud i wanted i wanted to get it as later but what do you think is responsible for that you said essentially you felt like these guys at treasury were a mouthpiece for wall street and even some of the fed was complaining about that that's it that's a theme in your book that treasury was always trying to undermine you in trying to protect the interests of wall street in your view for example with executive compensation for wall street executives and asso

fink will head romaine that you can get at retail stores.is packed in express--in a plastic bag. the company says there are about 1000 or more cases potentially affected this. however they have no reports of anyone becoming sick. we will take a live look outside right now it is very great out there, we will be right back. happy birthday! thank you, nana send money to anyone's checking account with chase quickpay. all you need is an email address or mobile number. you're welcome. take a step forward and chase what matters. >> darya: the wife of a fall in chinese politician has been given a suspended death sentence. the case made headlines from the world. this is the wife of former communist party leader she was given the fifth in the death sentence for the murder of meal haywood. she could have the rest of her life behind bars. she said that she pointed him-- poisoned him because of threats against her son. >> mark: best buy has chosen a new chief and the executive for the company. >> darya: virgin america is making easy for you to register t

mitt romney had it since the fink of the year. ktvu channel 2 news' coverage continues, ktvu's ken pritchett will be there live. >>> the san jose police department ordered six schools to be locked down after a bank robbery. robbersed up a -- robbers held up a wells fargo bank. the robbers took off towards the schools and that is when they imposed the lock down. they arrested one suspect and the second suspect at 2:30 p.m. >>> firefighters took an hour to put out a fire this afternoon. flames broke out at 2:30 p.m. in a building on jersey street in noe valley. all the residents got out safely. the flames spread but firefighters put out the fire in 40 minutes. no one was hurt and investigators are trying to find out what caused the fire. >>> a broken gas line forced the evacuation of several homes in san francisco. a contractor digging on 26th avenue ruptured that line after 8:00 a.m. this morning. pg&e shut off gas they while repaired the line. 30 customers were without gas for an hour. and everyone was allowed back in around 9:00

preceded ancient egypt stretching back more than 5,000 years as irving fink el enlightened me. >> thepeech. humanity. >> behind the galleries are study rooms where whiz kid amelia surprised me with monetary art of an outpaced olympic sport. >> what are the images? >> i think one of my favorites has got to be, also from sicily, the well-known olympic sport of mule cart racing. >> it's no longer an olympic sport. >> it only lasted about 50 years in the ancient games. >> mule cart races. >> possibly quite slow. >> here what might have been lost in time finds a home in the passion of the wonderfully curious. being the memory of mankind is a tall ochlrder. but in london, this ambitious mission has an address of its own. >> wow. >> you have to go. >> you could spend a week there. >> there are 240 museums in london alone. there's the clockmakers museum. there's a sigmund freud museum. he wasn't even born here. this is the granddaddy of them all. it's fabulous. >> looking at it. >> you walk in there, want to clear your mind or fill your mind, go to the british museum. >> mary carillo, there w

also free and the purpose is to quote make the jail run more efficiently i sat down earlier with ivy fink instead a staff attorney with the d.c. prisoners project of the washington lawyers committee for civil rights and urban affairs she shared her concerns this project about this project with me just a little earlier take a look. we're speaking out about this primarily because it replace is all visitation in person as a jail rather than being a supplement to the existing visitation policy so instead of being able to go into the same room with your loved one and see them through a partition you are separated by five hundred yards across the street in another building and then have to call in by videophone when you make of these arguments oh these are these are what the disease department of corrections is saying that it's more comfortable for prisoners that it saves the g.o.c. four hundred twenty thousand dollars and it's generally a more efficient system well efficiency is yet to be tested it's shiny and new so we don't really know exactly what's going to happen if there is some sort of

. >> a fink once you get to know him, you realize he's not trying to live up to those expectations.s just trying to become part of the football team. one of the statements he said a month ago put things into perspective. he said now that we are redskins, it's up to us to prove to the veterans that we are worthy of the uniform. >> no sooner had i talked with joe than bruce allen walked in. you will never guess who stole my seat. >> i have tied him up and put him away. i thought we might talk all about the redskin. >> i've finally got to go one- on-one with bruce allen. his father it was a legendary coach in the 1970's. >> when you think about your dad looking down on you, what do you think he is saying? >> i know he is smiling. we don't hear well, i hear from him quite a bit. being around our alumni gives us great memories of what the redskins had been when they were great. it drives us to make sure this organization lives up to the great traditions of the past. >> it has been quite a day. coming up, we will talk and get more specific about the redskins. the nationals go against the

copyright to the detriment of all of these industries that are dependent on intellectual property is i finkot realistic, as i think they are here certainly for the foreseeable future. you're talking about what we might discuss with the books or edited now. and in another sort of side of the digital world. it goes in extensive outsourcing and now a harvard university press doesn't at the books it publishes, it out sources, not all of them come it's done several of mine so this company called tnt, i don't know why it's called that, of explosives and it's not the manuscript electronic it's in their somewhere you have access to it, they have access to and what that means is when you make your body changes that is immediately invisible to both the editor and the author, so that increases the rapidity of the editing and because there's a company that's entire business is editorial work toward the are really good at and really fast and it is much, much easier to do we writing and editing digitally them by hand. it's extraordinary were in a lot of rewriting. it's just so much easier, so effortless

. >> pre fink able this whole out- - pretty incredible this whole outbreak this year. >> not so good.> another thing that's not so good, the tropical storm has left a real mess and it's not moving. >> it's moving 6 miles an hour. so there's a lot to dispatch you can walk that fast. >> we -- there's a lot to go. >> you can walk that fast. >> yes, you can. look at the ban of showers and thunderstorms. heavy activity is still over the mobile bay clipping the florida panhandle. the storm is 60, maybe 55 west of new orleans at this point, but the bands will continue the next 24 hours in portions of louisiana and in some portions of louisiana the next 48 hours. winds are still no picnic, 54 mile-per-hour winds in new orleans downtown, 51 west of morgan city and even way over in biloxi with scott broom there's still 44 miles per hour. those are all tropical storm force winds, again, anything over 39 miles per hour being a tropical storm force wind. if you want to track the storm, you can go to our website and download our hurricane tracker for free, www.wusa9.com, or go to 9.3 and watch the

finks usually begins with a theme for me. you know, identity, redemption, art, fame, things like that. but the whole process really picks up steam when i start to ground some some of my thoughts in a scharkt who will become the protagonist and that character becomes sharper and sharp to me. i think all writing is affirmative good. only because it leaves a piece of yourself behind. let's say you're blogging all through your 120s and let's say almost no one reads your blog. but twenty years from then, you will have children and you can show them what you wrote and they will understands things about you they might not understand otherwise. , i mean, what i always say is write even in the most basic form, a letter, a poem, a note to someone, it conifers an immortality. we've all had that experience of loving someone, of losing them, of opening a drawer and finding a card they have signed or a letter they wrote and thinking still alive. still alive in some way. so i think the more writing; the better. >> any regrets about anything

. >> i fink is less likely he will come back the giants i guess someone may pick him up at a discount>> reporter: and spokesperson from the giants refused to comment. >> james: the giants are 2 and two since the are now half of a game at a first place. >> james: meanwhile, the a's have won four games. they are now 10 games above 500. >> justine: the petaluma little league team faced elimination to the last night the loss to the team from tennessee and they beat them nine to six. the coach had a phil watched yesterday's game with hundreds of others in petaluma. >> reporter: crowds packed here to watch the petaluma and national little league team to play their second game in this world tournament. >> i am so excited for these guys they deserve a so much and it is so fun to watch. >> this team and this town is often. >> reporter: fans came from across town to, supportive team. >> it was pretty intense and i never believed i would've gone involved so much of the elite came. >> it feels pretty amazing to billable--to be able to go and play in the little league series. >> reporter: unfortun

. >> larry fink of blackrock in there yesterday on the floor of the stock exchange telling the guys to buy the weakness. it changes from a day-to-day basis. you know that as well as anybody else. people look at the 250-plus move on the dow and feel better. >> thank you very much. back to you, sue. >> thank you. >>> what does the jobs report showing 163,000 new jobs but a higher unemployment rate mean for the prospect of a move by the fed? the global market strategist and steve liesman is here, as well. joe, let me get your reaction to it. the unemployment rate ticked up a little bit but the street better than what it expected on a week where we had mixed economic news on so many fronts. where does this put the fed? >> i think the movement in the unemployment rate certainly a step in the wrong direction but if you look at the private sector payrolls, it reinforces the fact that the labor market is healing but maybe not a fast enough pace we'd like to see. so if you think about what the fed's going to do, ultimately nothing really changed. i think expectations are still building, they're

if it was between those, i would give the edge to larry fink. what are they doing it?he class warfare stuff. i think you called them fat cats. right after scott brownback. back to you. lori: this is what i find interesting. you have no unions on that list. charlie: what did you say, we have unions? lori: we have no unions. university of california, microsoft and google base their. charlie: the way i saw the list it was comcast, the owner of nbc, right, they are on that top ten list. kind of interesting that my old place is very much in supporting president obama. who else? harvard is in there. lori: harvard is number five. [laughter] university of california. charlie: very heavily democrats. i think he held a mini town hall meeting about a year ago. west coast tech firms obviously give a lot of money to this president. i will say this, if you talk to businessmen as a whole, they are very disenchanted with president obama. as a whole, they really believe that this is a president that does not have his priorities right. you do not want obamacare, another mandate on busin

fink said. he talks about how that corporate mentality would translate into government. >> he has very specific ideas of what he wants to do in the first 100 days, the first month, the first term. >> we went to boston and they had a separate headquarters in boston, separate from the campaign, where it is designed for the guts of what the white house would look like in the first hundred days. >> that is not that unusual. >> it is a little bit earlier than most folks. this is somebody who is much more interested in governing then he is in campaigning and politics. he has had a difficult time connecting with some voters, for making the sale. he is still in countering some difficulties trying to make the sale because that is not where his passion is. he tries to boil it down to sound bites and it is certainly a challenge. >> there is a good chance -- >> certainly. he is close to governor romney. he is a substantive guy, very much of the romney mold. >> outside of medtronic, who are you most excited