of forbes and editor in chief of forbes magazine couple time presidential candidate he made an interesting prediction that i would run to the gold standard by the united states within the next five years now seems likely since that move would help the nation to solve override the of economic and fiscal monetary ills and it's not just forbes author an investor jim rogers also says this situation is getting worse he predicts problems and came down hard on fed chairman ben bernanke saying quote the warning doesn't understand economics he doesn't understand finance he only understands printing money and we can't quadruple the amount of money in the next slowdown well earlier i spoke to a man who has been talking about this for years gerald celente publisher of the trends journal and director of the trends research institute he told me why others are only now starting to jump on the gold bandwagon. when steve forbes says that anything such as what seems astonishing to day could become conventional wisdom in a short period of time people should understand that steve when steve forbes says that t

of forbes and editor in chief of forbes magazine couple time presidential candidate is an interesting prediction he said which is of the gold standard by the united states within the next five years now seems likely since that move would help the nation to solve a variety of economic and fiscal monetary ills and it's not just forbes author and investor jim rogers also says the situation is getting worse he predicts problems and came down hard on fed chairman ben bernanke saying quote the money doesn't understand economics he doesn't understand finance he only understands printing money and we can't drupal the amount of money in the next slowdown but let's talk more about this i want to go to c.e.o. of gold line scott carter he is in our los angeles studio. so scott obviously something you believe in gold but you have been in the minority for a while in sort of the radical class of people how's it feel now that your ideas are becoming a little bit more mainstream. well i think christine thanks again for having me i think many people are starting to see the value of gold as a part of th

of forbes and editor in chief of forbes magazine cover time presidential candidate he made an interesting prediction that a return to the gold standard by the united states within the next five years now seems likely that move would help a nation solve variety of economic and fiscal monetary ills and just as one man not just four author and investor jim rogers also said the situation is getting worse he predicts problems down the road and came down hard on fed chairman ben bernanke saying quote dr bernanke he doesn't understand economics he doesn't understand finance he only understands printing money and you can't quadruple the amount of money in the next low down florida i spoke to stuff scott carter about this he's the c.e.o. of goldman i think many people are starting to see the value of gold as a part of their portfolio for diversification it's always been a great hedge against the falling dollar or inflation and that seems to be what the issue is here it's a dollar issue and gold is shining very brightly as a result of this you know if the dollar was as good as gold other people wou

they spoiled are both making him a popular contender but not a champion neither was steve forbes but he did forever change the third party approach to presidential races using thirty seven million of his own he made it so that money was no object for candidates running outside the well oiled two party system but no amount of money could buy steve forbes or ralph nader the white house that year or the former with the democratic reform if you break the fifty or forty four and that is the real work for the first half was recorded in two thousand both nader and forbes were back running this time nader became known as the spoiler who paved the way for a george w. bush victory jump forward to two thousand and eight a decade after his first presidential run ron paul stepped back into the limelight are you running for president. with the tea party joining his stride in the political landscape changing his stance remain steadfast but america wasn't ready to hear his message you know during the campaign before i talked about the economic crisis that nobody quite understood was coming and then

we break down the forbes list of the most valuable stars. so, who is number one? >> announcer: from the global resources of abc news, with terry moran, cynthia mcfadden and bill weir in new york city, this is "nightline," may 20th, 2011. >> good evening, i'm cynthia mcfadden. we begin tonight with the end of the world. right now, thousands of people across america are literally preparing to meet their maker before the sun sets tomorrow. then there are those who think that life as we now it is going to end not tomorrow, but next year, in 2012. a date associated rightly or wrongly with the ancient mayan calendar. so, what drives doomsday theories. why do people believe them? here's david wright. >> may 21st, judgment day. >> reporter: they believe with all their hearts in the word of god. >> god bless you. >> reporter: so much so, they see themselves as characters from the bible. >> we are the watchmen. the watchmen for the lord god almighty. >> reporter: the watchmen of the tower, envisioned by the old testament prophet. >> it's really the greatest privilege that i

forbes and mr. witman.i just want us to understand this may even come up in another congress so i think it's important that we frame this. i think it's important that my colleagues understand the full ramifications if this amendment were to have been agreed to. make no mistake, it would have created an entirely new massive funding requirement that could easily eclipse with all of the related cost and transportation cost of giving qualified personnel to go to may port $1 billion. it would grow xpe neshlly and continue for decades and put budgetary pressure on every other navy program. you know, if mitigating the risk is indeed the objective of that amendment it truly is in my view wildly disproportionate. the navy concedes the risk is small and one cannot deny that the risk is decreasing sharply with the upcoming decommissioning of the "enterprise." so, even with the "enterprise" in service, so often when i visit the base, there's not one carrier there, and something else i'd ikelilike to share in e maritime

forbes. >> mr. chairman i don't really totally understand the basis behind this amendment but first of all let me clarify some of the facts. for a guilty plea to be accepted, it has to be voluntary and the court has to so determined that, so you couldn't have one that was entered aced upon torture or anything else. and secondly it does have to be based on the evidence. instead of based on this language between the military tribunals and a federal criminal court. but what really surprises me is we just passed a resolution where we are, or language where we are applauding the department of defense for activities that they have basically issuing an order to kill the worst terrorist in the united states, osama bin laden and if we are turning right around now and saying that we want to remove language that stops that same kind of terrorist from pleading guilty on a voluntary basis when there is a factual evidence for doing that. the two of those don't line up so with that mr. chairman i hope we will reje

forbes: i yield back. the chair: the question is on the amendment offered by the gentleman from california. their those in favor say aye. those opposed, no. in the opinion of the chair, the noes have it. mr. campbell: mr. chairman, i would request a recorded vote. the chair: pursuant to clause 6, rule 18, further proceedings on the amendment offered by the gentleman from california will be postponed. it is now in order to consider amendment number 55 printed in house report 112-88. it is now in order to consider amendment number 56 printed in house report 112-88. for what purpose does the gentleman from utah seek recognition? >> mr. chairman, i have an amendment at the desk. the chair: the clerk will designate the amendment. the clerk: amendment number 56 printed in house report 112-88 offered by mr. chaffetz of utah. the chair: pursuant to house resolution 276, the gentleman from utah, mr. chaffetz, and a member opposed will each control five minutes. the chair recognizes the gentleman from utah. mr. chaf

forbes: claim time in opposition. the chair: the gentleman is recognized. mr. forbes: mr. chairman, first, i appreciate the gentleman's amendment and i appreciate his work on the armed services committee. it's always very thoughtful and very committed to the national defense of our country. as i listen to him over and over again, i was agreeing with many of the things that he said. i think oftentimes the decisions that the department of defense has made under the guise of efficiencies have not been efficiency -- it could have cost us more. i think secondly they have been made without being well thought out. i think sometimes they have backfilled their analysis as they make the decisions. as i reach the gentleman's amendment basically it would suspend all the sourcing and work force policies based on all of d.o.d.'s initiatives -- efficiency's initiatives which is a wide gamut. mr. chairman, i think one, as i mentioned before, i think oftentimes the department of defense has been wrong in some of its efficiencies. that doesn't mean they have been wrong in every situation. a

forbes now has it over that. thanks it to lebron james. when he announced he was coming to miami we asked tom zara with the branding firm interbrand about what is at risk. here is what he had to say, listen to this. >> the single most important increment in his brand value will be his ability to win a championship. it has dodge him for the last seven year. he has not achieved that in cleveland. >> tom: most important thing for his brand and of course all the sponsors his ability to win a championship. which he hasn't done yet. >> he hasn't done that yet plus that decision was great in miami but alienated everybody else. he is three weeks away, potentially, from wing the first of many championships some say, the resuscitation of the brand of lebron james will then begin. >> tom: all right. meantime tiger woods has done something he hasn't done in 14 years. dropped out of the top ten rankings of world golfers. look at what has happened here with tiger woods. he's out of the top ten for the first time since '97, he is number 126789 he wasn't

"forbes" magazine says lady gaga is the most powerful celebrity. she didn't earn as much as oprah but has 32 million facebook fans and 10 million twitter followers. justin bieber made the list for the first time coming in third. well, the biebs is on the list -- >> lady gaga will perform on "good morning america" a week from friday kicking off the summer concert series. >> that should be a very big show. >>> well, coming up next tiger woods does something he's never done before. >> how a kindergartener brought 18 bags of heroin to school. >> unbelievable. >>> also, were there signs that arnold schwarzenegger had a secret child? that's coming up. pooches and puppies, we are fed up with being fed on. we demand k9 advantix ii. it not only kills fleas and ticks, it repels most ticks before they can attach and snack on us. frontline plus kills but doesn't repel. any tick that isn't repelled or killed may attach and make a meal of us. so let's put our paws down in protest. no fetching, no friendship till we all get k9 advantix ii. join us at poochprotest

joined by bloomberg business and kim mcnicholas of forbes. let me start with not just clorox, you've done it for lexus and general electric and nbc. general electric is a part owner of this television station, let's get that out of the way. what do companies find valuable in doing this sort of marketing? >> i think the key for companies is to talk to consumers prior to purchase. so there's all kinds of ways to advertise and get convince consumers that this is the right product versus within of their competitors at point of sale. but well prior to that, they want to engage consumers in a conversation about the category or about their area of expertise. >> this is, this is conversation, that is, i was surprised by how vague it was. i was ready to say, well, here, you're advertising clorox and the people don't even know it in you're fooling them. that blog has almost nothing to do with clorox. or even cleaning necessarily, cleaning products at all. >> it's all about educating people, right? about the industry. and what's happening in the world.

a native american professor of native american studies actually name is jack forbes at the university of california davis i interviewed back in the ninety's for a book i was writing carr the last hours of ancient sunlight book that inspired leo di caprio to make the eleventh hour movie and and tom shadyac to make his movie i am and and i think it was frankly frank's or jack forbes's concept that inspired those two filmmakers. what jack told me was that native americans had this concept when they first came here you know when europeans first came to this continent cold with a cold and it's a word that means one who eats a cannibal one who eats the wife of another and what they were looking at was basically a dysfunctional culture this european culture a culture that was willing to murder a culture that was willing to rob a culture that was willing to steal but i would suggest to you that we are. still in many ways in fact a culture that we've we've awakened a lot since this country was founded but we still have a long way to go and then in the middle of this comes along a demagogue lik

oakland is clearly recently named by "forbes" teh fift -- the fifth coolest city in the country. i like that when the most. this friday, we will have part murmur. you will see to thousand or 3000 mostly young people on the streets of downtown oakland going to art galleries, listening to music, eating grilled cheese sandwiches from our outdoor night market restaurant strip on 23rd. it is an interesting and amazing place. not the oakland you may see in the news or the oakland you may remember from your childhood and that a lot of ex-oaklanders may remember. oakland is the second most literate city in the nation, the city with the best weather -- sorry, sand francisco. -- sorry, san francisco. we are constantly being named as the most diverse city. that is, like, 129 languages spoken in our public schools. our latest group, the winner of our spelling contest is a young lady from nepal. oakland is a city that is constantly reinventing itself, whether it be in the end of the transcontinental railroad with dozens of hundreds of different kinds of european immigrants across the country,

in 14 years he dropped out of golf's top 10 rankings but he made about $80 million last year and forbesd he is still the most powerful athlete in the world, lady gaga the most powerful entertainer in the world. >> you are not on the list yet? >> kron doesn't reveal details. >> okay. >>> good night everybody. we will see you tomorrow.

. >> oprah winfrey knocked out of the top spot in the forbes celebrityity power list.ady gaga earned $90 million in the past 12 months while oprah earned $290 million that landed her in second place. forbes says that lady gaga's social media power landed her in the top spot this time. justin bieber ranked third on the list. >>> oprah is giving new hints about what her final episode will include. a crowd of 13,000 people gathered at chicago's united center for the taping of two of her last three shows that will air monday and tuesday next week. surprise guests included madonna, will and jada pinkett smith, tom hanks, tom cruise, michael jordan and marina shriver. and she didn't talk about her marital problems but thanked oprah for her friendship. this morning oprah said that her last show will have a more intimate feel than this. >> i'm still figuring it out. i really am. i'm still figuring it out. i will. it will be appropriate and it will be the right thing for that moment. >> and i'm sure it will be out of this world. >> i don't know if it's going to be out of this w

forbes. it shuts down all of the detail on all of the issues if we say we had a private conversation with the general that says don't do this. because it's impossible for us to debate a private conversation. i do know that what was said in the testimony in front of our committee that i have now, a couple of exerts in front of us. so general o'reilly says right there it indicate that is we four gbis that we haven't accounted to before. so he's not funded them. for fiscal year '11 and '12, i'm diverting that funding to fix the problem, i'm using funding that as reserved for the flight test, which we will have to move to another year. he wouldn't have to make the changes from program to program if we can give them the correct amount of money. the programs are under funded. this program is under funded. with respect to the prsident's budget, we shouldn't move money. then every member that says we should go back -- >> i did not say that. >> all right. >> i did not say that. i would never imply tha

clearly the biggest owner on the forbes a celebrity list. >> she is behind several other shows that areell. >> yes, she has learned how to syndicate the others which makes her power now four times is exponential. she can still do a book club on all four of the shows, she can do the advertising because she owns the advertising on all four of the shows, she is in no way downsizing, but she may become an executive. o' channel, she is like her own cable show. >> , yes that is called own the oprah winfrey and network. she will probably do well. even if it is not here. >> and she started to lose some ratings in the last few years, she could do a show on hbo. the opportunity is huge, she does it pay $100 million per year and i will do a show for you. you will see some unique things, " harpo did some great films like the great debaters. the type of talk show that she had, i never seen a whole episode for talk-show i'm kind of guilty of that. >> i did not like how said jenny mccarthy in getting kids shops could lead to losses and, that was a mother when tied to suzanne somers. >> yes, heard her

forbes but i am here to request an opportunity to talk to mr. ford to give his interpretation and what he plans to do. we do have a lot of african-americans that are drives,. we want to tell you our story. but yet i want to sit down with mr. ford first. get his i'd. -- forgive me for my attire. -- forgive me for my attire. i would like people to hear

forbes but i am here to request an opportunity to talk to mr. ford to give his interpretation and what he plans to do. we do have a lot of african-americans that are drives,. we want to tell you our story. but yet i want to sit down with mr. ford first. get his i'd. -- forgive me for my attire. i would like people to hear your story. this is ace and i'm on the case. >> i know it's kind of hard -- >> could you state your name? >> walter paulson. >> ♪ they really want to meet you mr. ford want to meet you mr. ford and it takes along mr. ford they really want to see you really want to be with you really want to meet you ford and it takes a long in the bus oh, it comes so long oh come along they really want to see you ford want to be with you ford but it takes so long ♪ and there's a fancy beer bottle. ♪ see, i was born revelling man trying to make the m.a.c. the best i can. and i saw some drinking in the back of a bus doing lots of graffiti and lots of stuff and they don't want to see them end up on the wrong side of the law and you'll text it over

forbes but i am here to request an opportunity to talk to mr. ford to give his interpretation and what he plans to do. we do have a lot of african-americans that are drives,. we want to tell you our story. but yet i want to sit down with mr. ford first. get his i'd. -- forgive me for my attire. i would like people to hear your story. this is ace and i'm on the case. >> i know it's kind of hard -- >> could you state your name? >> walter paulson. >> ♪ they really want to meet you mr. ford want to meet you mr. ford and it takes

he ranked 14th on this year's forbes slebtd 100 list.e is a look at some other celebrities who made the lisz. we'll tell you who is number one in two minutes. cost a fortune. it sure does. well, if it doesn't have to get there overnight, you can save a lot with priority mail flat rate envelopes. one flat rate to any state, just $4.95. that's cool and all... but it ain't my money. i seriously do not care... so, you don't care what anyone says, you want to save this company money! that's exactly what i was saying. hmmm... priority mail flat rate envelopes, just $4.95 only from the postal service. a simpler way to ship. >>> so before the break, we asked if you knew who ranked number one on forbes celebrity 100 list. the answer, lady gaga. oprah winfrey came in second and justin bieber ranked third. did you guess any of those? >>> how about this, jack sparrow is back on the big screen this weekend in the fourth installment of the pirates of the caribbean franchise. this time, he's in search of the fountain of youth. why does he need that? gr

in 14 years he dropped out of golf's top 10 rankings but he made about $80 million last year and forbesst powerful athlete in the world, lady gaga the most powerful entertainer in the world. >> you are not on the list

just ahead, according to forbes magazine the number one small company in america right now right here in maryland. and they say it's growing by leaps and bounds. jeff gives us a rare glimpse inside a weight loss company medifast at the plant in owings mills. >> reporter: stripped down to the basics, each packet includes a mix of protein, vitamins and minerals with 100 calories or less. but turning it into a meal sets this company apart. >> we duplicate this in every product. so if you take this soup that took years to put out product. >> reporter: once limited to 20 selections available only in doctor's office, they offer more than 70 meals including pancakes, brownies and soft serve ice cream that helped more than 3/4 of a million people lose weight. the customers loss has been the kust mare gain growing at sales by 90 million dollars last year alone. but board chairman mcdonald says keeping the company in maryland has come with its own cost. >> wall street beat me up with this. they said the plant should go someplace else and i felt the baltimore county being the uniquely baltimore

forbes magazine has ranked medi fast it's number one small company in america growing its business by $90 million last year. the company's board chairman has resisted wall street critics it could save money by shifting its plant elsewhere. >> other people think it's better breakdown things go to the lowest cost manufacturing they think technology should go to technology centers that you can splice this out. and add to the bottom line. >> medi fast provides jobs to 350 people. it claims its partnership with johns hopkins stevenson university mccormick spice. >>> new tonight, thought provoking billboards that put a big decision in your hand. a picture of a little girl. the question is who would you rather see live. they are paid for by the foundation biomedical research promoting animal testing. the debate won't be going away anytime soon. >> it's a new discovery to happen we really have to discover them in a living system. >> reporter: the practice of animal research is controversial. >> there's a lot that goes on you weren't want to experience if you were that animal. >> reporter: it'

forbes named her the most powerful celebrity. starbucks is hosting a gaga themed coffee. the top winner gets special access to the gaga concert on the 2012 world tour where she will appear in a coffee bean. >> thank you very much. christina, years ago, there was a woman called ma donna, she wa the same thing. >> that material girl is one of my favorite women of all. i'm talking madonna. san francisco is getting precipitation. you can see the green cells. this is virga. it's moisture coming from the sky but evaporating before it hits the ground. clear conditions except in the north bay where the fog is starting to sock in in napa and santa rosa. this is our new weather pattern. this is what we typically see this time of year. high pressure taking the storm track to the north. the shower activity stays in canada and the pacific northwest. it's going to be nice around here. today's temperatures will range from the mid to upper 70s in the east bay. now, you are in the 50s in concord. watch for a little bit of fog developing along the bay bridge from san francisco to oakland.

. >>> justin bieber fans helped propel him to the number three spot past elton john on the new forbes celebrity power list. oprah was knocked out of first place to second as her talk show wraps up, and at number done, lady gaga. she made a whooping $90 million and boasts over 10 million twitter followers. why gaga's on top, on tuesday, fans nicknamed little monsters started camping out outside the building here at 30 rock in the pouring rain for her appearance on "snl" this saturday. it is a torrential downpour. i saw these people standing outside. >> these people lined up since tuesday. >> i'll bring them a bagel. how about that? >>> this comes from salt lake city, utah. in bountiful, a new homeowner turned a shocking discovery into a lesson with a lasting impact. he was poking around his new home when he found a hidden treasure. while explores his garage he discovered ammunition boxes containing a total of $45,000 in cash. well, he chose to hand the money over to the children of the deceased former owner showing his own kids that it's best to give back what isn't yours. >> we've alr

the metropolitan area was just voted i think top-10 economy's going in the wrong direction by "forbes," and with the 10% or so and in climate rate, but i think it is about the economy and trying to generate small- business, and it is for this restaurant in this business. there are days when there is a colorado-buffalo football game, and people come in for that, but in general, i hang out there sometimes, and there are 20 people. one is about the economy. two is the opposition is very disingenuous for the most part in my opinion. it also blocked the cn which shop from coming in in the same location citing it was a sports bar, although if you have ever been to their restaurants, it is not a sports bar. and even attended a golden dave valle neighborhood association where they said they liked the vacancies because it could remind them of when their kids could play in the street 40 years earlier, and i do not need it is fair to compare well with koran on for years earlier to what is going on in union reet in 2011 korea i would rather be living in the 21st century. but -- in 2011. i rather

applied to the problem of how do we ask those of us who have more, especially those who are in the forbes 400 list, billionaires'. and when i mainly here is about tax cuts for entities. when it is appropriate, sure, give a tax break. it is also inappropriate time to ask those who have the means to -- it is also an appropriate time to ask those who have the means to share. we want the city to look good. we wanted to be a fun city to live then. it takes money for us, and it takes money for everybody who lives in the city. not just those of us in district two.

forbe those who choose to demolish historic buildings, sequa is intended to challenge those constructions. it is wasteful and requires trucking and new materials and supports an economy predicated on unlimited distraction. this is not the motto we sho

both in 2009, she was already the 17th most powerful woman in the world by forbes magazine. she is known as outspoken, charming, ferociously hard working, and extremely effective. she is a lawyer by training, not a career economist, and that may be a minor point for the imf job. germany, the u.k., and italy have come out in support of her candidacy, and we can expect more lobbying on her behalf. that will start at the g-8 summit tomorrow. >>> we also spoke with our political correspondent in berlin. chancellor angela merkel must be pleased with the announcement. >> absolutely, chancellor merkel has publicly supported lagarde calling her an outstanding candidate and personality. a government spokesperson said she would provide seamless continuity in their role. angela merkel wants a new head of the imf as quickly as possible, as to other governments, because the imf is a key institution in the response to the financial crisis in portugal and greece. the fires are burning in europe right now, and they believe it could be helpful to have the european leading the firefighters. >

. >>> the forbes 2011 celebrity power list is out. the 100 most influential, popular, and most compensated famous people. justin bieber debuts on the list at number three. at age 17, he's pulled in $53 million over the last year. oprah knocked out of first place. at number one, laida gaga, a staggering $91 million in earnings, 32 million facebook followers. 10 million twitter followers. if you don't understand the attraction, you don't understand these ga grk a fans, started out camping yesterday, that would be tuesday, outside 30 rock, for ga grk a's appearance on "snl," that would be this coming saturday week. a long week in mostly rain. >>> another celebrity under fire. public health advocates are pressuring mcdonald's to retire ronald, as in ronald mcdonald. protesters may show up at the annual meeting tomorrow to say a clown shouldn't be used to promote fast food. and a letter to that effect signed by 500 health officials appeared in several big newspapers today. separately marketing experts on the web wonder if ronald the grown

. >>> according to forbes magazine, the number one small company in america is right here in maryland. it's growing by leaps and bounds. tonight jeff hager gives us a rare glimpse inside the nutrition and weight loss company medi fast. >> reporter: stripped down to its basics each medi fast packet includes 100 calories or less. turning it into a meal sets this company apart. >> if you take the soup

forbes. the current debt service ratio is 3.32, there is additional room. how high can the ratio go? >> through the chair, we have recently looked at our debt capacity. the executive director and her staff have taken pains to grow our capacity, to the point where we can issue in 2010. we have capacity for about $40 million in new debt and maintain the coverage ratio that mr. rose indicated. this new debt issuance of 15.5 -- $500,000 is interest earning. that does not include issuance costs. $16 million is well within our capacity at this time supervisor kim. supervisor kim: phase 1 funding, part of this is due to a bond that is going to the vote next year? >> it would be going to the port, which is then subject to board approval. phase 2 for the public plaza, that includes the bond. supervisor kim: net $9 million could find a potential water park. even if that bond failed, we would still have an $11 million shortfall. >> yes, that is correct. supervisor kim: you have just mentioned what we would propose to not develop, not construct if we were not able to f