i will be frank with you. this conversation you have brought forward today is new to me today. that is not your fault. but i have a bit of concern that this conversation is new to me today, considering i am a commissioner on the board of education. i do not know about commissioner fewer. or commissioner norton, who is not here today, because she is ill. i do not know if any of the commissioners know about that on the entire board of education, are aware of this and the program, which we should all be aware about, and knowledgeable. did you know? she is shaking her head that she did not know either. i am happy to have a conversation with the folks that sit on the committee's -- committies,ees, those community members. the board of education would like to be a part of it. i am not talking about the district. i am talking about the board of education. as the final decision makers, i would like to know ahead of time if things are happening at our schools and with our students. i appreciate your comments. thank you. >> to answer your question about being informed, dcys was brought i

we do not want people in our store -- we do not want them intoxicated in our store, to be frank with you because i have over $1 million in liability, and that is on me because of the inventory we carry. that is not the idea of it. i would also point out to you back i do not know if any of you have never been into our money here in the city -- then into armani. he did this years ago. this is not far

we do not want people in our store -- we do not want them intoxicated in our store, to be frank with you, because i have over $1 million in liability, and that is on me because of the inventory we carry. that is not the idea of it. i would also point out to you back i do not know if any of you have never been into our money here in the city -- then into armani. he did this years ago. this is not far outside of what we have seen in luxury retailing. again, we look at bringing in small sustainable winery's to pair with our sustainable jewelry. we are currently the only business of sustainable jewelry like this in the united states of america. we will not be the last one. it happens really fast. the sustainable wine part is really to allow us again to have some clientele abilities and not really use it as a bar. we have already shown great success in our business. we continue to pare the wine bar part of it so that we continue to grow the business. am i making sense at all? supervisor avalos: it makes sense. i guess, again, i get the position where i want to consider what is the city's over

o'connor, we will start with you. >> thank you, chairman bachus, ranking member frank, members of the committee. for the opportunity to testify today. i would like to be begin by making five key points. first is to represent more than 800 there is from 56 countries, our broad membership includes cooperations -- corporation, asset mix, governments, supernatural entities, exchanges including houses as well as global and regional banks. our members quietly -- score support the goals of dodd-frank and global financial predatory reform. we have work proactively with policymakers in europe and around the world of the school. second, we have made and continue to make substantial programs and implement the most important aspects of reform, those relating to systemic risk mitigation such a central clearing and trade repositories. third, further improvements can and will be made and i would like to note here that there is a high degree of consistency between u.s. regulations and regulations and other major jurisdictions on the systemic risk rules relating to clearing and predatory reporting. it

services sitting right there run by tribal consortium delivering equal or in some case to be very frank with you, higher quality than what could be achieved in the va system at times and alaska. so i understand that question. but you have questions on mine so i am asking you, how do we -- >> that's our concerns. the va has the authority. they can provide community care for contract care when necessary, and i don't understand, and maybe have explained it to why they would want to spend $2000 to fly a veteran somewhere when they could go to a clinic, you know, nearby. i mean, to me that doesn't make sense and i would like to know the a's answer to that. because with the authority they have they should be able to take care of those, and if they're not in me what should be happening is some oversight by this committee, getting va in your to find out why they're not doing that it i just had my deputy at a convention in west virginia, and a veteran came up to her and said that he has been on the basis for years as a service-50%. and they told him they didn't have funds to continue to do that. now, thi

he was so frank with you. yesterday, he seemed to be obfuscating. would you take us into the room? what happened before and after the sit-down? >> he wanted to give us the story. he did one interview with each the networks. it was basically one after the other. everybody had a little time to set up their own crews, their lights. we told them we would do it live. he said fine. originally supposed to be five or six minutes. we went closer to 20 minutes. he didn't complain at all. he wanted to get his story out. we asked him all the tough questions. not easy, as you know, jessica, for a reporter to ask those kinds of questions. but, you know, he's a congressman. it comes with the territory. he answered the questions. left some of the answers vague i should say. but he did the best he could. >> but he really did reveal more to you and answered more directly than he had in the past -- >> he denied frankly that he sent that lewd photo. >> most compelling part in the interview to me was when he spoke about a woman, his wife, who you and i both know and respect. it seemed to strike a nerve

we can do to help do that. >> i appreciate that and any version of that he has said that to be frank with you, when you have a system and a government that this is probably a complaint that the last administration what has that to get control over this government at times is difficult in things that either as the result of a lawsuit, a result of legislation that we have been past five years ago that called for a million fish to be put in the river and the effects of that happening years later. this president has been -- >> there is a balance right now you can't try to solve pollyanna things even though personally i'm an optimist i do believe this economy of ours is better than the perception right now. we did have three good months of creation that seem to react to the negative news much quicker than positive news. we don't want to believe the good to whatever reason we call psychoanalyze others but i think your observations are beginning the president said but it didn't matter he didn't go to washington to rent a car company to come to take over and then be part of the t.a.r.p. program even

you know, we may be dead next week, so i'm just being very frank with you, i'm tired. i don't want to waste time. life is short. this is the question. if you guys are -- if the department got assurances we would not be disclosing documents that are extremely sensitive, and agrees to, you know, to try to make sure that -- and we would commit to working out accommodations where we could go through, i mean, you submit the documents, we go through them, making sure that -- sort of together, would you be willing to come up with a schedule whereby we can get what we want, and you can be assured that we're not doing something that interferes with the kinds of things you just talked about? >> we will work with you, congressman. we strongly favor that kind of cooperative accommodation process, it is traditional, and in this instance where we recognize the committee's legitimate oversight needs, we want to re-enter that process and do as much as we can to provide information. >> would you all be willing to commit to a schedule, document production schedule? see, this is what i'm

with you. >> guest: well, thank you, frank. it's been fascinating. >> that was "after words," booktv's signature program in which authors of the latest nonfiction books are interviewed by journalists, public policymakers, legislators and others familiar with their material. "after words" airs every weekend on booktv at 10 p.m. on saturday, 12 and 9 p.m. on sunday and 12 a.m. on monday. you can also watch online. go to booktv.org and chick -- click on after words on the upper right side of the page. >> you're watching booktv on c-span2. we're here at the university of chicago to talk with several of their professors about books they've written. we're going to show you some of those now. professor scott allard, what's out of reach? >> well, this book was motivated by a concern about rising poverty rates in the u.s. over the last decade that occurred during a time when the way we helped poor people changed as well. what's out of reach now are the social service programs that compose a large share of how we help low-income americans

there's not much i can say to be frank with you. it is your typical bureaucratic stuff that is hard to defend. sometimes it cannot defend the indefensible. all i can say to you is, we will look into it. we will see if there is any way to bring some reasoning to what happened at this point and what the logic of the delay is, the logic of the impact it is having on your decision making and see what i can do. >> i talked to him yesterday. the fact of the matter is, based on what i read, i have spent well over $100,000 fighting this. the supreme court is not going to hear this. the five the chance to go to the supreme court's, [unintelligible] we have to look at other ideas we can do. i am not going to lay down. as an example, migration is the problem. they had one that recorded fish come back to the river over the last 20 years. one. how long is it going to be in business? you cannot continue to find central agencies that are not spending taxpayer money wisely. [applause] > cracks in this room i will call you mr. chief. i would say that

. >> you got to come up with something else, frank. you can't keep using the same... >> like, give me some crack. you know what i'm saying, dawg? >> we'll get more, we'll get more. >> june 6, 2011. from comedy central's world news headquarters in new york, this is the daily show with jon stewart. ( cheers and applause ) captioning sponsored by comedy central >> jon: welcome to the daily show. my name is jon stewart. we've got one for you tonight, people. oh, we've got one for you tonight. our guest tonight past maziar bahari will be joining us. these are incredible times. in the middle east that part of the world there is oppression, instability, unspeakable violence. and yet the dream of freedom lives on. it's the type of story that you, our viewers, deserve. nay, need. to hear more about. unfortunately (beep) 2011. ( cheers and applause ) it better be his shoulder. (beep n (2011 has not run its course. it's getting there. for the uninitiated, this photo was ran saying it was sent from anthony weiner's account. the congressman suggeste

bread for china for president obama and some republicans don't like about jon huntsman to be frank with you trying to overcome that and do that in his speech, he hopes in just about 30 minutes from now. he will talk about the economy and the mounting national debt and say if we don't solve both of these problems in future generations, they are not going to have the kind of future that americans enjoy now. and, you know, some of that comes as what of a surprise to the white house. david axelrod, one of the president's top political advisers, was talking to candy crowley on "state of the union" on sunday saying if jon huntsman had a problem with our economic policy, why didn't he say something when he was ambassador to china? here is what david axelrod had to say. >> i think he is a very bright fluent person. it was a little surprising to me, because when we were in shanghai, we got a chance to talk and this was the fall of 2009, about what the president was doing. so i was surprised when he emerged as a candidate. >> reporter: now, huntsman' campaign has fired back calling axelr axelrod's co

i don't think we've done a good job since 9/11 to be frank with you but kind learn from those lessons. but before we internally have an honest discourse and debate about racism within our community, it can be a very valuable level. >> what he said, essentially. [laughter] it's true. even as an artist growing up in hollywood and try to get the arab american community to integrate with other races, that's always been like no, we're going to circle our wagons and do it our way and black community can do their thing in the latino community can do their thing and the asian community can do their thing. but there are things, this is the whole idea about inclusion and not exclusion. when you include other races that's when you're going to have that learning experience. when we used to do our axis of evil comedy tour, it was middle eastern base comedy troupe. you couldn't be white and black in our group because it just didn't make sense. why would we have a white guy in the axis of evil? when our group split up, we create a new comedy troupe called just like those based on a movie showing ara

you share that with us? >> sure. >> my time has expired. but i want to share a question from general allen. you seem optimistic, i don't see general frank with you. i was there a year and a half, maybe longer. time flies around this place. but without the corrupt issue from karzai down, how are we ever going to get the system when you talk about reintegrating people back in. i remember the exact piece and the committee and the cash flow that goes through there. but the corruption is layer upon layer upon layer, generational upon generational. give me some thoughts of how that's ever going to get resolved. honestly, it seemed like every dollar that we send, everyone is taking a piece until it gets to the end. there's very little utilized for the services. i will say here as i've said publicly from karzai government on down. he's not exempt from this. so give me your thoughts on how we are -- we are dealing with a corrupt government and a corrupt system. so there's the -- there's the easy question for the day. >> thank you, senator. it is a -- it's a daunting problem as you have indicated. but we're working closely with the solutions of g

exports, international trade, that's a lot of alaska so we are anxious to work with you and i try not to be doom and gloom to be frank with you. two years ago the economy was a disaster and not overnight, it was a decade of neglect by many people throughout congress and this country. we are better today than we were two years ago but still a fragile economy. that's the stress point everyone has the jobs are most important piece so how you take it to the next level is going to be critical because we have created jobs. they may not be as robust as we would like but we are at a great recession which is the equivalent of we missed a couple of notches but has been the great depression but the couple of things we did in this congress save us and keep us on an even keel but now we have to take it to the next level. i think that is what we are looking for and looking towards you to do as well as others of the president's economic cabinet. with your work will determine the long-term future. i'm not a doom and gloom. i just gave you statistics from a state that understands what it's like to not just work within our own borders

you know, we may be dead next week, so i'm just being very frank with you, i'm tired. i don't want to waste time. life is short. this is the question. if you guys are -- if the department got assurances we would not be disclosing documents that are extremely sensitive, and agrees to, you know, to try to make sure that -- and we would commit to working out accommodations where we could go through, i mean, you submit the documents, we go through them, making sure that -- sort of together, would you be willing to come up with a schedule whereby we can get what we want, and you can be assured that we're not doing something that interferes with the kinds of things you just talked about? >> we will work with you, congressman. we strongly favor that kind of cooperative accommodation process, it is traditional, and in this instance where we recognize the committee's legitimate oversight needs, we want to re-enter that process and do as much as we can to provide information. >> would you all be willing to commit to a schedule, document production schedule? see, this is what i'm

if you have any information, you're asked to contact them with any details that you may have. sydnie, frank, back to you. >> all right, anser. i guess the best advice -- and i have started doing this, i never put my purse on the chair. i put it under my feet or in front of me feet. wow, that's -- how frustrating that must be. and then to find out somebody is charging all of that on your credit card. anser, thanks very much. anser hussein in san francisco. >> my wife saw that story yesterday and said i am putting my purse right here like a football. >> i put it down by my feet or if there is a hook or something like that. >> you never know. >> there's a lot of crooked people out there sadly. >>> police in san rafael -- weather? no. we are going to this. nissan rafael hope this surveillance video will help them catch the man who robbed a -- police in san rafael hope this surveillance video will help them catch the man who robbed a subway at the marin square shopping center. anyone who recognizes the suspect is urged to contact bay area crimestoppers. >>> it is 5:06. let's get a quick a quick

you to eat my phone. heh heh. [muffled phone ringtone] i'm frank mallicoat. time is 6-- >>> good morning. i'm grace lee. it is friday. >> you say that with such vigor. , everybody. i'm frank mallicoat. it's 6:30. it is indeed friday. we got a big weekend ahead. we have nascar in town and lawrence, what are you going to do? >> we are going to have great weather, guys. starting out with just a couple of patches of fog outside this morning. that's going to clear out in most spots, becoming mostly sunny. 70s and 80s inland, 60s into oakland and also san francisco. that weekend forecast looking good, too. we'll look at that in a moment. right now let's check traffic with elizabeth. >> thank you, lawrence. frank mentioned nascar this weekend. we also have pride events all weekend long. chopper 5 is up near castro an market. they are getting ready for the big parade on sunday morning which could cause traffic tie- ups. we also have the march going on tonight? starts over by dolores park around 6:30. we have had a lot of things going on that could cause hot spots across the bay area. we'll break it all down for you coming up in traffic in just a few minutes.

also with the implementation of dodd-frank, how the implementation schedule, how you are working withour european counterparties and other counterparties across the world to make sure we are moving in the same direction and hopefully enacting similar regulations. i raised these concerns with ben bernanke during our annual testimony before his annual testimony before our committee and he indicated that he thought we could be at a competitive disadvantage. i look forward to hearing what your comments are on the capital requirements, specifically for entities and complex u.s. entities. >> thank you, mr. chairman. one of the most important dynamics of implementing regulatory reform is to keep our financial industry's competitive. without a strong financial sector that commission loans and surprise capital to help businesses grow our economy will continue to falter. more jobs will be lost. if we unnecessarily constrain financial institutions to a level standards to their international competitors businesses will migrate to the international competitors and if we restrict our financial inst

you to join us and ask your questions as well. welcome, frank. i see that you brought a big aerial photograph with overly geology. >> it is a big google map with overly geology. the different colors depict the different formations or deposits beneath san francisco. san francisco is a young environment. it is a relatively young environment. the basement rock beneath san francisco is known as the franciscan complex or formation. it is throughout the city, most notably twin peaks, edge hill, telegraph hill. every once in awhile, you hear about those who make the news with a rock fall or landslide. usually occur in the telegraph and twin peaks. . above the rock are the soil deposits. the most common is dune sand. it is nothing but rocks that has been worn down from the sierras and deposited along the beaches. the wind blew that dune sand over most of the city. it is this mustard color. on the avenues, it is very thick. it can be up to 400 feet thick. as you moved south across slope boulevard, that is the tolar foundation. it was named after the first to score every in -- after the first discovery in t

you share that with us? >> sure. >> my time has expired. but i want to share a question from general allen. you seem optimistic, i don't see general frank with you. i was there a year and a half, maybe longer. time flies around this place. but without the corrupt issue from karzai down, how are we ever going to get the system when you talk about reintegrating people back in. i remember the exact piece and the committee and the cash flow that goes through there. but the corruption is layer upon layer upon layer, generational upon generational. give me some thoughts of how that's ever going to get resolved. honestly, it seemed like every dollar that we send, everyone is taking a piece until it gets to the end. there's very little utilized for the services. i will say here as i've said publicly from karzai government on down. he's not exempt from this. so give me your thoughts on how we are -- we are dealing with a corrupt government and a corrupt system. so there's the -- there's the easy question for the day. >> thank you, senator. it is a -- it's a daunting problem as you have indicated. but we're working closely with the solutions of g

you don't. with dodd-frank, there are, you know, some of this is still being put in place. there are some very important principles in dodd-frank that are very good. one of them, for example, is dodd-frank embodies the principle of size based principles. we just learned we tend to like to bail out large institutions, so we charge them a higher capital rate. that counterbalances for the fact their cost of capital is subsidized by the market perceptions they get bailed out so it's a good thing. >> if i can stop yo u there, one of the questions i had of mr. tarullo, those on the borderline and being subject to the same capital requirement of the big, big sifis if you will, and the answer was no, and it seems to me you're addressing that. >> i think sliding scale capital requirements is a really, really good idea. i think a cliff structure or a binary structure, you get into this argument of i'm on the line -- >> right, right. >> the sad thing about people on the line is that when they are setting the rules, they are likely to be exempted, and then when the crisis comes, they a

watching out see for what's going on this sunday even the nineteenth of june is me kevin owen frank you for being with us. hungry for the full sleep we've got it for us the biggest issues get the human voice face to face with the news makers m r t. to a substantial degree and one party or another socialism has spread the shadow of human regimentation over most of the nations of europe and the shadow is encroaching upon all. believe early twenty first century military bases the network of military bases all around the world for misleading empire that the united states is trying to get it's astonishing most americans have no idea there are more than a quarter of a million more than two hundred fifty thousand us troops stationed on these bases all around us. we don't have a problem bases in america we don't have any british base we don't have any korean base we don't have any french bases or you know we just all american bases in in crossed our bases of ah they are the noises our north is and doesn't bother us at all because they're all bases but for other people it's almost like a cancer here full speed

you're watching out for moscow this sunday evening the nineteenth of june as me kevin owen frank you for being with us. for the full story we've got it first the biggest issues get a human voice face to face with the news makers on our team. two esther stand shoulder green and one farmer another socialism has spread the shadow of the regimentation over most of the nations of europe and the shadow is i'm approaching up on all the pretty. early early twenty first century military bases the network of military bases all around the former stimulus empire that the united states is trying to do that's astonishing most americans have no idea there are more than a quarter of a million more than two hundred fifty thousand u.s. troops stationed on these bases all around the world. we don't have foreign bases in america we don't have any british base we don't have any korean bases we don't have any french bases or you know we just all american bases in our bases are flocking there or the noise is our noise and doesn't bother us at all because they're all bases but for other people it's almost like a cancer he

you don't. okay? with dodd-frank there are -- you know, some of this is still being put in place. there are some very important principals in dodd-frank that are very good. one of them, for example, is size -- at least dodd-frank embodies the principal of size-base the capital requirements. we just learned we like to bail out large institutions and charge them higher capital. that counterbalances for the fact that their cost of capital is subsidized by the market perception they are going to get bailed out. >> so that's a good thing. >> if i can stop you there. one the questions that i had of governor tarullo is just that, the people on the borderline and whether they would be subject to the same capital requirements if you will. the answer was no. that there was degradation there and you are addressing that. >> i think sliding scale capital requirements are a really, really good idea. i think that a cliff structure or buffet structure. -- binary structure. when they are setting the rules, they are likely to be exempted. when the crisis comes, they are likely to be bailed out. whe

with kcbs and cbsmoneywatch.com. okay, fill us in jason. >> frank and grace, you can get absolute motion sickness when you follow the stock market. i mean, it tends to go that way. it's been a rough day for the most part. still not looking all that good. but we just got word that the greek government has reached an agreement with the european union and the international monetary fund on five-year austerity plan. it doesn't clear everything with the greek debt crisis. parliament still has to pass $40 billion in budget cuts next week. it's not in the clear but it's a positive move and that's helped the market. the dow is down by 1112. sounds awful but that's about a 57-point improvement -- 75- point improvement in the past five minutes. nasdaq up by 6. s&p down by 9. we have a lot of other head winds out there which are hurting the market, as well. we had another jump in weekly jobless claims up 9,000 to 429,000. they have been above 400,000 now for 11 straight weeks. anything above 400,000 indicates that we are not really seeing job growth. that's one of the big worries of the federal reserve and why it brought down

with more. kristy, good morning. >> good morning to you, frank.eah, the last day of the fiscal year today and that means that hundreds of workers are going to be laid off, some of which are police officers who in just about an hour will show up and start handing in their badges here at the san jose police department and as you mentioned, this is all because of budget cuts. it's been 10 years now back to back that san jose has had a deficit and it was just last friday that mayor reed along with the city council made a decision to go through with the proposal to try to rein in skyrocketing costs for retirement. and despite a 10% pay cut that was imposed on all city workers, the city still had to lay off hundreds of employees. now, these cuts include a total of 528 filled positions, about 70 of which are police officers and the layoffs were made to help fill that $115 million budgets deficit. cuts to law enforcement are coming at a time when crime is at a high in san jose. this year alone, 28 homicides in the city. many are concerned about other thin

you. grace and frank? >> it's a little early. i understand. it's 4:30. i'm right there with you. anne makovec in redwood city this morning, thank you. >>> right now oakland police are looking for clues in a deadly shooting overnight. officers were called to the 600 block of el paseo drive near the san leandro border around 11:30. they found a man who was shot. he died at the scene. police are tight-lipped on details and no word on a suspect. >>> in the mean timed, the search is on for the gunman who shot a man in san francisco just after 11:00 last night. a man in his mid-20s was shot several times in the stomach at third street and newkom avenue. police saw a white vehicle leaving the area. >>> tomorrow the family of michelle le will launch a three- day search operation to find the missing nursing student. they will meet with police today to discuss possible search locations. le was last seen on may 27 at kaiser permanente in hayward. police are calling the case a homicide but they have yet to find a body. >>> the man suspected of raping an oakland woman and was videotapes on he

you know, we may be dead next week, so i'm just being very frank with you, i'm tired. i don't want to waste time. life is short. this is the question. if you guys are -- if the department got assurances we would not be disclosing documents that are extremely sensitive, and agrees to, you know, to try to make sure that -- and we would commit to working out accommodations where we could go through, i mean, you submit the documents, we go through them, making sure that -- sort of together, would you be willing to come up with a schedule whereby we can get what we want, and you can be assured that we're not doing something that interferes with the kinds of things you just talked about? >> we will work with you, congressman. we strongly favor that kind of cooperative accommodation process, it is traditional, and in this instance where we recognize the committee's legitimate oversight needs, we want to re-enter that process and do as much as we can to provide information. >> would you all be willing to commit to a schedule, document production schedule? see, this is what i'm

we would do now, i mean, i think you have to have a somewhat adversarial relationship with these companies that you're overseeing. and when we interviewed barney frank for this book, we asked him, you know, why were you taking the side of the companies all these years when you could have been really helping the regulator do its job? and he said, i felt like there was becoming an adversarial relationship there. and we said, well, that's what it's supposed to be. [laughter] we're not supposed to be friends and colleagues here. they're supposed to be overseeing. so, you know, go ahead. >> no, no, no. i think if i were to summarize the book in a sentence -- that doesn't mean you don't have to read it -- [laughter] it really would be how fannie and freddie taught the financial service industry that if you capture congress, you've captured the regulator. and the industry learned that lesson. so with fannie and freddie as a perfect example k you had -- you had the director of the regulator in 2002 write a white paper of the possible future systemic risks posed by fannie and freddie, and the white house asked for his resignation within 24 hours of that, oka

now what we would do now -- i mean, you can just have a be somewhat adversarial relationship with these companies are overseeing. when we interviewed barney frank for this book, we asked him, you know, why would you take them aside as a company all these years when you could have been really helping the regulator to its job? and he said, i felt like they were becoming an adversarial relationship there. we said that's what it supposed to be. we're not supposed to be friends and colleagues here. they are supposed to be overseeing. go ahead. >> if i were to summarize the book in a sentence -- that doesn't mean you don't have to read it [laughter] it would really be how fannie and freddie type to financial industry to capture the regulator. in the industry learned that lesson. it was fannie and freddie is a perfect example, you had to direct her of their regulator in 2002 right away paper of the future systemic risks posed by fannie and freddie in the white house asked for his resignation within 24 hours of that. you had the regulator after an accounting scandal that it didn't do because frankly my mind there is a capture examiner who was in charge

frank mallicoat. let's get you out the door with traffic and weather. >> lawrence, today we were supposed to get a break. >> were! [ laughter ] >> we have more showers out there now but doesn't look like a rainout. just scattered showers this morning. most of that confined to the north bay but a good cell making its way into the north near santa rosa and southward. it will taper off but there is more rain coming. gianna franco has traffic. >> traffic is good news this morning. live look at the golden gate bridge. not a bad start to your thursday morning drive. roadwork southbound 101 away from the waldo tunnel if you hit the brakes. overall a nice start. that's a look at traffic. back to you. >> thank you. >>> it is 4:31. it is a case that the entire world is watching. sentencing today for the couple who kidnapped jaycee dugard 20 years ago and held her captive in antioch. >> a big question is whether dugard will speak at the sentencing today in placerville. phillip and nancy garrido pleaded guilty in april to kidnapping and rape charges. they are expected to be sent to prison for life. one reason for p

but bienes agreed to tell us how madoff brought him and frank into the investment advisory business. tell me how you got going investing with bernie? how that...? >> well, saul, his father-in- law, had been doing it. he gave frank a piece, and he... i got a piece when i became a partner. there was only about two and a half million in the account. that was big money to me. we were only taking a small clip off the top. it's all it s. couldn't take more-- we thought that was the rule. and we never were pigs-- that's the one thing that kept us going. we were never pigs. we were never pigs. >> smith: the arrangement was simple. with madoff's guarantee of 20% or better, avellino and bienes could pocket a few percentage points while issuing promissory notes to their clients with set rates of return. you were promising people how much? >> all depends: big amounts-- 18%; smaller amounts-- 17%, 16%, even as low as 15%. >> smith: what made you think that he could return 20%? >> i don't know. how do i know? how do you split an atom? i know that you can split them; i don't know how you do it. how does an airplane fly? i don't ask. >> sm

with an early look at sports headlines. >> good morning. ju just when you thought it it couldn't get worse for frank mccourt, it did. major league baseball rejected a $3 billion tv contract with fox. they're concerned the up-front money would not go to the team but used to pay off debt and divorce expenses. the next move from mcxourt will be to sue major league baseball other sell the teams. >>> albert pew joeldz will miss four to six weeks with a broken forearm. initially they thought it was a sprained wrist, but an mri revealed the worst. >>> cubs and white sox tied at three. carlos pena left the yard in a hurry, a 3-run bomb. bottom of the inning, ramirez hit one in front of home plate. he thought it was foul and ramirez was tagged out. ozzie guillen, didn't take long for him to get lost. he lost the argument and the game. >>> braves tim hudson singled handedly beat the blue jays. in the seventh put atlanta on the board with a two-run homer. the braves won it 2-0. >>> they wasted no time against the reds. alex rodriguez sparked a four-run in the first. chris with a shot to third, and bhil running down the line sli

with 50.1% of the top your ticket upon undercounted by some 20 points. the last thing you need, no offense, it's been on tv every day fighting with barney frank and maxine waters overcomes an abortion. you need to get on the commerce department. sure enough he invited me to join the committee. i told them i'm flattered to any mac that the answer is no. i'll be with you on the vote. i'm a social conservative, but i don't need to get into the template. the next year, henry kept coming and saying you are just the kind of guy went on the committee. the above to have you. the senior kept rebuffing in a very nice way. towards the enemy first year in congress, he said you know, you remember -- you've got most of the hollywood movie studios, entertainment industry. it is intellectual property. he says, we have an intellectual property subcommittee on the judiciary committee. that would be really good for your district if he could be back or protect their economic interests, would net cliques he said okay. we had no openings come up will have an opening in here and a the year and a half when i get the next congressman and you're my guy for the next opening. we cu

frank, good to have you with us this morning.ust ahead we go one wn one with fallen football star plaxico burress. just out of jail, attempting a comeback. he's talking with chris. this is the "early" show on cbs fill an entire community with joy? maxwell house believes so. that's why we've partnered with rebuilding together to help revitalize communities in need. vote for your community at maxwellhouse.com. ♪ wait. ♪ happy father's day. ♪ happy father's day. sally, you don't need toys when you have... ♪ imagination ♪ imagination ♪ imagination ♪ helps you see the world in different ways ♪ yay! yay! ♪ this is a pony ♪ and this is a choo-choo ♪ [ male announcer ] it's movie time. and this is a... [ male announcer ] with a wii twist. what is this? [ male announcer ] netflix now delivers unlimited tv episodes and movies instantly through wii. all for only 8 bucks a month. ♪ captain. unidentified object. it's a cascade complete pac. the best of cascade powder and gel combined in one vessel. fire! ♪ [ mom ] wow! [ female announcer ] ca

. >> you could imagine having to work with frank if they would have lost? >> i would have called in sick. >> talk about riots! it would have been craze! >> come on now. >> folks, we have a lot of sunshine around most of the bay area now. we are starting to see some fog creeping in along the coastline, a sign of cooler air making its way into our skies. and that's going to drop the temperatures, not too bad though. inland spots looking toward mount diablo you can see mid- 80s in the warmest spots inland. but you will notice that breeze kicking in especially inside the bay and at the coast. that will carry with it more low clouds and fog. clear skies right now over the bay bridge. temperatures still soaring into the 70s in many spots inland right now as high as 78 degrees in concord, 74 in livermore. 50s and 60s at the coast. patchy fog there. mostly sunny skies this afternoon in the bay area, sun and clouds at the coast not as hot as it's been. low clouds and fog work back into the bay and possibly patchy fog in the valleys. along the coastline we are starti