the current one, which we are going to discuss tonight is called the frugal superpower -- "the frugal superpower". let's start with the first part of this title because it tells us two things. one is that we will not be without power altogether. we will have a pretty important role. but then the front part of it does not normally go with superpower, at least not in our history, as michael points out in his book. we get very used to spending whatever money it took to have the position that we had in the liabilities, the debt that we are all carrying out and the wars that we have fought and so on. but there are also some new liabilities coming forth. what caught my eye to a great extent was the retiring baby boomers place of a not insignificant role in your analysis. >> that is right, jim. thanks for having me on the stage with you again. it is always a pleasure. thanks to nyu for playing host to this event. the government already has a very substantial obligations. we borrowed a lot of money between 2001 and 2007, and then we borrow even more to deal with the financial meltdown of the

. >>> and a symbol of frugality no more. bay area tree that lifted so many spirits is falling. >>> the fog and when it will be lifting for the morning commute. we'll have your pinpoint ,,,,,,, so they laid some poison and wait ls to >>> the city says they were a nuisance and that they had to go so they laid some poison and waited for the squirrels to nibble. now that was months ago but no one said a word until now. kiet do was in menlo park to explain why we're just now hearing about it. kit? >> reporter: somebody recently came to the park and noticed that all the squirrels were gone so they called the city. the city of menlo park says this was not a secret squirrel kill, it was a pest control problem that did not need public comment. they are not making any apologies tonight but admit they could have done a better job of informing the public. at bed well bay front park there is an eerie calm and quiet. there used to be thousands of ground squirrels here but, almost overnight, they vanished. >> i just new, you know, i mean o

. >>> and a symbol of frugality no more. bay area tree that lifted so many spirits is falling. >>> the fog and when it will be lifting for the morning commute. we'll have your pinpoint forecast as "eyewitness news" continues right here on cbs5. ,, the internet on a plane! are you from the future? um, no. cleveland. listen cleveland, your savings account is stuck in the past! earn more with interestplus savings at capitalone.com. that's new school banking baby! so instead of making peanuts, your savings will be earning three times the national average. oops. sorry. three times more? i'll have that! it is now safe to go online to capitalone.com. what's in your wallet? buh-bye... call me. so they laid some poison and wait irrels to >>> the city says they were a nuisance and that they had to go so they laid some poison and waited for the squirrels to nibble. now that was months ago but no one said a word until now. kiet do was in menlo park to explain why we're just now hearing about it. kit? >> reporter: somebody recently came

of frugality and restraint today.air well address seems a beacon to the forces of frugality and restraint today.ir well address seems a beacon to the forces of frugality and restraint today.r well address seems a beacon to the forces of frugality and restraint today. well address seems a beacon to the forces of frugality and restraint today.well address seems a beacon to the forces of frugality and restraint today. the united states remains intensely engaged militarily around the world fighting twice as many wars, though smaller one, in the two decades since the berlin wall fell than it did in more than four decades of cold war. the wave of ambition to reshape the world has crested since set backs in iraq and afghanistan, but the sources have a been resilient and i think are in constant need of the reminder about costs that was so well emphasized in eisenhower's farewell address and in the an effect dote just mentioned. u.s. policy has gone beyond what eisenhower expected, but i think not so much because of the warning about the military industrial complex that's most remember remembered,

of frugality and restraint today.air well address seems a beacon to the forces of frugality and restraint today.ir well address seems a beacon to the forces of frugality and restraint today.r well address seems a beacon to the forces of frugality and restraint today. well address seems a beacon to the forces of frugality and restraint today.well address seems a beacon to the forces of frugality and restraint today. the united states remains intensely engaged militarily around the world fighting twice as many wars, though smaller one, in the two decades since the berlin wall fell than it did in more than four decades of cold war. the wave of ambition to reshape the world has crested since set backs in iraq and afghanistan, but the sources have a been resilient and i think are in constant need of the reminder about costs that was so well emphasized in eisenhower's farewell address and in the an effect dote just mentioned. u.s. policy has gone beyond what eisenhower expected, but i think not so much because of the warning about the military industrial complex that's most remember remembered,

of frugality and restraint today.air well address seems a beacon to the forces of frugality and restraintoday.ir well address seems a beacon to the forces of frugality and restraint today.r well address seems a beacon to the forces of frugality and restraint today. well address seems a beacon to the forces of frugality and restraint today.well address seems a beacon to the forces of frugality and restraint today. the united states remains intensely engaged militarily around the world fighting twice as many wars, though smaller one, in the two decades since the berlin wall fell than it did in more than four decades of cold war. the wave of ambition to reshape the world has crested since set backs in iraq and afghanistan, but the sources have a been resilient and i think are in constant need of the reminder about costs that was so well emphasized in eisenhower's farewell address and in the an effect dote just mentioned. u.s. policy has gone beyond what eisenhower expected, but i think not so much because of the warning about the military industrial complex that's most remember remembered, t

this is very frugal. if it achieves the basic cost structure of less than $1,000 for a 25-foot property. it will provide vitally needed basic services to the street such as maintaining and sweeping the sidewalk, picking up rubbish and basic things that need to be done for any retail district. thank you. >> thank you. next speaker. >> walter, a graduate of the middle school, and i just want to say -- ♪ climb every mountain ♪ i know you can afford your ocean avenue dream ♪ ♪ remember, make your district green ♪ >> thank you. are there any other speakers who would like to speak on this matter? seeing none, we will wait for the board president to close public comment. >> if you are opposed to it, please step up. >> my name is jesse waters. we have been on ocean avenue since 1962, and i wanted to address the board of supervisors that this cbd is trying to -- is a complete farce. it is working on the backs of the property owners of ocean avenue, which i find very unfair. does anyone read the newspaper? does any

the new mayor has promised to be frugal in office. we decided to investigate and see whether there's a difference between bond and former navy mayor ron dellums same trip taken last year. here's what we found. according to cross off the shoes planned for a coach ticket and take in the red eye a proximate cause $1,200. del umm... according to his travel records pay full fare at $2,000. thus don't have the city is membership to united airlines red carpet club cost $350. off on plans to use a taxable in d.c. of proximate cause $60. pelham had a limo on standby. cost $1,900. he plans to stay at the capitol hill, about to enter $40 a night approximately 07 hundred and $20. tellin chose to stay at the ritz carlton in georgetown. his total for the three nights was $1,700. dell also put in for $237 dinner. in total mayor kwan plans to spend about $2,000 for the three day conference former mayor spent about $5,000 that is the difference of $3,000 and you paid for it. theresa stasi 0 kron 4 news >> still ahead on kron 4 news there's a new study

need to prove to the american people that we are willing to stand by the place that we said of being frugal with their taxpayer dollars. >> reporter: in his opening speech, speaker boehner offered a simple road map. >> our aim will be to give the government back to the american people. >> reporter: and today on the house floor, lawmakers will read the entire constitution allowac >> in some way it's to marry tea party supporter railroads democrats will be reading, too. no doubt having a slightly different interpretation. brian moore, nbc news, washington. >>> more changes on the horizon with robert gibbs' announcement that he's leaving his post as white house press secretary. at a press conference yesterday, rerevealed plans to begin work as an outside adviser for the president's 2011 campaign. he served as communications director during obama's 2008 presidential run and has been by the president's side since his senate days. white house officials say a replacement will be named in the coming weeks before gibbs officially steps down next month. >>> the presidential commission examining the c

the frugal festivities that mark the start >>> all good and done. >> not an inaugural ball, the froggal festivities that start the return of brown. >>> while the mayor's decision to hang around a few extra days is causing some chaos here and in sacramento. >>> the investigation is not completed, but what the feds have ordered pg&e now to prevent another san bruno disaster. >>> california is a wonderful place. >> bay area colleges recruiting students in china. it could mean california kids get squeezed out. >>> good evening. >> without any mental reservations, really, no mental reservations. >> the new governor got serious soon after his swearing in today. he damaged the state's -- acknowledged the state's difficult financial situation. if festivities celebrating the ---- showed us what was found. >> there's a lot of speculation, administration is local about the fact they weren't going to spend a lot of money. the people we spoke with stayed about two hours past the closing time. just hour after getting sworn in for the third time in his career, the governor greeted well wishes for abou

atlanta is home to some of the most frugal shoppers in the company.ccording to coupons.com, residents in atlanta use the sites online coupons more than anyone else in the country printing on average $1,000 in coupons, tampa was number two followed by cincinnati, st. louis, minneapolis. over 100 guitars and afternoons are going on the auction block from eric clap on the, blackie his custom built fender this marks the first time the rock icon has donated his historic amplifier collection to go on sale all proceeds will go to the drug and alcohol rehab center clap on the founded in 1998. >>> this temporary hotel in spain is rubbish, literally. the corona save the beach hotel in madrid is made from 12 tons of recycled garbage the owner wants to raise awareness the damage garbage is having on beaches the five double rooms are fully booked for the four days it will take guests. for more head to cbs money watch.com. >>> hotel of garbage. >> i like it. >> ever stayed in a garbage hotel. >> no, but it was pink with a nice bed spread. >>> 4:46 a.m. looks like g

. >> so far, governor brown seems to have one support from californians for his new frugal approach to governing. and that is like taking away government-supplied cell phones and cars for many state workers and replaced a fancy conference table in his office with a large picnic table and benches. you can watch governor brown's speech here on ktvu channel 2. it will be a part of the ktvu channel 2 news at 5 and streamed live on our website, ktvu.com. >>> megwhitman is -- meg whitman is set to make her second appearance since losing the gubernatorial race. she will speak to 50 to 100 women executives and entrepreneurs. the appearance is close to the press. earlier this month, whitman was named to the packard board of directors. >> we have to be divided! >> reporter: nearly 1,000 people filled the streets near palm springs to protest a seminar sponsored by a pair of billionaire brothers. 25 people were arrested for protesting. each year, they invite 200 conservative wealthy activists to their event and they have been largely criticized because of their funding against the fight against gl

. >> we need to prove that we're willing to stand by the players and being frugal. >> in his openingh, speaker boehner offered a road map. >> the aim will be to give the government back to the american people. >> today on the house floor, they will read the entire constitution aloud. >> in some ways it fulfills a promise that republicans made to their parties. >> democrats will be reading too, no doubt having a slightly different interpretation. even as the constitution is being read, one republican is drawing up a bill to repeal the part of the 14th amendment that grants automatic citizenship at birth. nbc news, washington. >>> robert gates is expected to announce the latest cost cutting measures for the military. the plan would do away with the new vehicles that ferry troops to shore while under fire. it's an attempt to buy gates the deeper cuts by the white house or congress. the defense department is responsible for the biggest piece of discretionary spending in the federal government's annual budget. now for a look ahead. we will see good morning to brent cannon. >> coming up, t

and macy's reported a drop in december, that along with the blizzard in the northeast made for a frugal finish. the numbers overall proved to be a little disappointing. it turned out mall traffic in the month of december was down 3% and retailers across the board, with maybe abercrombie being the exception, saw declines in traffic at their stores. analysts say even though consumers had a boost of confidence this past holiday season, retailers are bracing for a slower start this spending year. >> the first quarter of last year was very strong and i think there was some pent-up demand in the first quarter of last year. now we're in a more normal trend, normal spending trend, and i think that we could see sales soften quite significantly in the first quarter. >> reporter: experts say the key to boosting consumer confidence and spending this year will be creating more jobs and lowering unemployment. michelle franzin, nbc news, new york. >>> it was clear today but boy was it foggy this morning. and frost all over the place. >> frost on the car. a good, i don't know, a good coating all over t

but being frugal he also points out that he will not in any of those contracts end them early becausedon't want to pay termination fees. >> crazy. in a way you have to give the governor credit. he is doing exactly what he said he would do. go from the top to the bottom and check every nook and kherani for there is waste in the state and he is doing it. >> surprisingly a lot of state workers were okay with it. at least to us. on camera. >> thank you, grace. >>> political history in san francisco. >> for the city and county of san francisco. >> ed lee was sworn in as interim mayor this afternoon. first asian-american to lead the city. he will be mayor until next january taking the place of gavin newsom who resigned to become lieutenant-governor. >> this is an opportunity to come together. to move the city forward. to roll up our sleeves and go to work on the significant challenges we all face. for the benefit of all people in san francisco. >> the former city administrator said at first he was not interested in the mayor's position. but colleagues and friends convinced him to take it. o

the frugality began tonight. starting with the festivities celebrating brown's inauguration.race lee shows us what supporters found at the parties in sacramento. grace? >> this was not a ball, no fancy gowns, not even really any music. but from what we can see inside the railroad museum it didn't dampen the spirits of his supporters. >> reporter: thousands of supporters packed the railroad museum in sacramento to congratulate governor jerry brown just hours after getting sworn in for the third time in his career. he free throwed well wishers for about two hours. >> a great day and a great night. we had a wonderful swearing-in with the new governor and excited about getting to work. >> reporter: stephen glazer, one of brown's advisors, said they wanted to keep the celebration simple spending $100,000 of taxpayers money for the ceremony and the reception. all the food and drinks were donated. >> not a shoe string but it has been pared down. the governor is aware and concerned about the state of our economy and you know taxpayer dollars are not being spent on a laugh ishii vent

barbara whitehead, director of the templeton center for thrift and generosity, says our rediscovered frugality is here to stay. >> just even in a cultural way, it's a shift. it's a sort of change of pace. some people say they really enjoy that they slow down a little bit, or that they can be more thoughtful about what they do spend. >> reporter: economists aren't so sure and the data is starting to support their skepticism. the savings rate hovered near 0% in early 2008 after a decade of over-consumption. during the recession it surged to a 6.9%. but, in last six months it has trended lower recently slipping to 5.3%. why should we care about how much we sock-away. experts say a higher savings rate not only improves personal balance sheets. but it makes more money available for investment. but, economist yelena sholetuva says right now there's a downside to too much saving. >> the ongoing deleveraging still represents a speed limit on an acceleration in consumer spending. >> reporter: experts say what's key to a healthy economy is finding the right level of saving and spending. and, also it pay

money for a replacement so the city embraced that dead tree as a symbol of perseverance and proud frugalbut the tree's time has come and it was recently cut down. >> i like that. did you see 1994 to 2011. [ laughter ] >>> it is 5:55. hey, lots more sunshine on the way. robert, did you bring that for us? >>sydnie, i did. i was enjoying a bowl of cinnamon apple oatmeal and then they were screaming in my ear to deliver this forecast! [ laughter ] >> get to work. >>> beautiful conditions, mostly sunny skies, all because high pressure is building. yesterday we dealt with all of that fog. the high pressure is simply muscled it out. so we are going to see some incredibly mild temperatures. 65 degrees for our warmest of areas inland but take a look at the coast and the bay. still looking at temperatures 58 to 62 degrees. thursday and friday, even better. nothing but sunshine from the coast well into the farther reaches of our east bay hills and that is setting a perfect stage for the weekend a few clouds move back in but still temperatures well into the 60s. and that even carries into the beginn

it's also -- jerry brown is the first time around and now as well you're seeing he's very frugal.s not someone that's going to be throwing money at problems. of course there is no money. but i don't think he's going to have any problem with rolling back pensions, demanding unions roll back pensions and benefits and all kinds of things. >> that may be the problem. this is a democratic state. every constitutional office holder is democratic. they voted overwhelmingly for brown. he beat meg whitman by 13%. and the legislature's dominated by democrats. but he has a $28 billion deficit that he's going to try to cut. and that represents a third of the state's general fund. so he's going to have to do massive cuts to programs that democrats hold dear. schools. closing state parks. all the things that arnold tried to do. and if he's going to have to get any republican votes to put these tax increases on the ballot in a special election in june, they're going to demand a large pound of flesh. not only pension reform, maybe all kinds of other things. charter schools, privatization of a lot

the new mayor promised to be frugal in office, we decided to investigate, to see whether there was a difference between kwon strip, and runs trip last year. according to one's office she is paying for a coach ticket, taking a red eye. cost of hundred dollars, dellums paid full fare, $2,000. dellums said the city pay his membership to red carpet club. to $350. qantas is a taxi will in d.c. apartment costs $60, dellums had a limo on standby. cost $1,900. quan plans to stay at capitol hill where the conferences held, $240 a night, total $720. dellums chose to stay at their rights in georgetown. his total for the three nights was $1,700. dellums also put in for $237 dinner. in total quan plans to spend $2,000 for the three day conference, former mayor spent about 5000. that is the difference of $3,000. and you paid for it. >> american was interested in overhauling health care is waning. 41 oppose it just after the november level shouldn't oppositions said the 47%, as for repeal only one in four americans want to do away with the lot completely. this law expands coverage to 30 million unc

frugal be the theme of his first days of office as he tackles the our budget problems. kron4 spoke with a little expert about the cuts. >> i think many minds the cut is virtually across the board from education, health service programs, to achieve imaginary balanced budget through various kinds of accounting gimmicks. and that is true, then it will make the cuts even more real and more painful. >> the expert continued on to say well above a measure just eliminate the two- thirds 11 it is still required if the new budget includes a tax increase. brown may have no choice but to go to the voters if he wants to raise taxes. >> just a hundred days after jean quan historic inauguration plans to meet with the police after she tries to strengthen our relationship with them. one of her top priorities is creating jobs, she spoke to kron4 about a plan to attract business. >> morgan when the a stadium, meeting with their top 10 ceos to keep the jobs we do have an oakland, there'd, a lot of businesses do not know about the stimulus grants, some of the advantages you have to invest i

no glitz for governor brown known to be frugal. one reception featured hot dogs sh chips and water and he wet more republicans than arnold schwartzeneggar did. >> he's proven to be a governor more engaged with rank and file legislatures building relationships to get people comfortable. >> there is a right combination of kind of financial realism, with old fashioned hope, which is a big part of the california dream. >> some things seem the same with republicans in no mood for spending tax tax autos my caucus and people i represent are not exactly ready to be talking about taxes now. >> and there is going to be a incredible challenge of trying to move the legislate you're. >> the proposal brown will release next monday is expected to contain more cuts and will likely touch across items such as schools, parks and social programs. >> and this city of oakland is the new mayor tonight. as abc 7 reports with this change of guard there are high hopes for the mayor and the city. >> to the best of the ability and city of oak loaned i did. >>

. >> so far governor brown has won support from californians for his new frugal approach from governing. he has replaced a conference table in his office with a large picnic table and benches. you can watch the governors speech tonight. it will be streamed live at ktvu.com. >>> it's a big day for athletes at uc berkeley waiting to see if $15 million of fundraising will be enough to reinstate their sports. ktvu channel 2 reporter allie rasmus joins us with the programs that could be cut. >> reporter: gorge we are right -- good morning. we are right in front of where they start their practice. last year the university decided to cut the baseball mens and womens gymnastic. lacrosse said that move would save them $4 million a year. a group of alumni together to start a fundraising campaign. this is vid know of the launch of the fundraising event. today is the universities self- imposed deadline to decide whether the money raised is enough. >> we have been doing a bunch of different things to get pledges and donations. and we really would like to know if our hard work paid off. >> reporter:

[laughter] >> should taxpayers in frugal states be bailing out taxpayers who are not? should wisconsin -- well we're now becoming a frugal state but we were not one or should people in indiana who had done their job fiscally be bailing out california's who have not? no, that's a moral has discard we are not interested in creating. >> okay. you probably heard democrats say in the repeal of the health care bill it's going to be give a big hilt to the deficit. what do you think of that argument, and why did you exempt repeal from the new budget rules that you put in that to make it impossible under the rules at least to increase deficit? >> because we're not interested in budget gimmicky into our budget rules. the only reason why anybody suggests with anything close to a straight face that this things reduces the deficit is because the books have been severely cooked. >> at the congressional budget office? >> it's not the cbo, but the democrats who wrote the bill who gave that to the cbo. cbo scores what you put in front of them. if you put a bill in front of them that ig

no glit for governor brown known to be frugal. one of the reception featured hot dog, chip and what the and already met with more republican than had predecessor arnold schwarzenegger did. >> he's already proven to be a governor who is more engaged with rank file legislators building the relationships to get people comfortable. >> he had a the right combination of kind of financial realism with old fashion oned hope and inspiration big part of the calf dream. >>reporter: some things the same with republican in no mood for spending temporary taxes. >> my caulk you and the people that i represent we are not exactly ready to be talking about tack right now. >> he is going to have an incredible challenge of trying to move the legislature in the direction that he had a just advocated. >>reporter: budget proposal the governor is and expected to touch on schools. parks and social programs. especially there will be no honey moon period this time around. in sacramento, abc 7 news. >> before inauguration day former san francisco district at

it is through frugality and moderation in government that we see freedom and prosperity for our peoplea first step is to rebuild wisconsin's economy. open wisconsin -- we open wisconsin for business. nearly two years ago i met a couple who ran a metal fabricating company. all their other still, like the spirit that fills so many others in this state, they wanted to get their business going again and of renewal. the dream born gives me hope for the future of our great state. it is upon their dream and the dreams of millions of our fellow citizens that we build a plan for renewal. [applause] and it starts today. to begin our transformation, we will work with our legislative partners in both political parties to pass a series of bold reforms that send a clear message, wisconsin, indeed, is open for business. we have an ambitious goal, 250,000 new i jobs by 2015. i know we can do it because we did it a generation ago. in january of 19 87 governor tommy thompson declare inside this rotunda our greatest priority will be jobs. more jobs, better jobs, and most importantly, secure jobs for wisc

the city embraced the tree as a symbol of being frugal. came in. >> this is a community i would be proud to be a part of. and from diane in colorado, it stands as a symbol to the world what the true meaning of the season is. people, not things. >> well, sadly city crews were unable to nurse that tree back to health so it was removed last week surrounded by its closest friends. >> the charlie brown tree died at the age of 19. >> my brother drove in from barstead with uncle rubin. the first thing he said it wasn't hello. he walked into my front yard and said why do you have those dead plants there. they kind of died in the frost. well, we thought you would know if there was going to be frost. >> oh, ouch. >> and i said, well, i did, but i tell people, don't do as i do, do i as -- as i say. but that's what brothers do. brothers do do that. this is our weather camera from mt. vaca earlier today. this was official sundown at 5:17 we had a day today in which we had numbers span from 59 degrees in san raphael to 69 degrees in santa rosa. it was a

. >> reporter: travel experts say after a few years of having to be frugal, leisure travelers especially are looking to let loose, and the same goes for business travel. >> 80% of our respondents said take more trips in 2011 which is very good news. >> reporter: the survey about business travel by consulting firm deloitte found companies are still going to be cost-conscious, but airlines and hotels might not cooperate. >> for the business travelers who may not have as much flexibility, things are starting to get a little more expensive. >> reporter: for low pressure you're travelers though, industry experts expect vacation bargains to be plentiful, even in hot spots. >> places like las vegas, hawaii, cancun, we're also seeing new cruise ships launching this year. allure of the seas is going to be the largest cruise ship in the world right now so that puts a lot of inventory into the cruise market. >> reporter: and more inventory should mean lower prices. >> if you have a car that's less than a decade old, you can soon be pumping more ethanol into your tank. the environmental protection a

[applause] >> justice, moderation temperances, frugality, virtue, these are the values upon which ours formed and the values upon which our state will journey forward. god bless you. thank you for being here and may god bless the great state of wisconsin. [applause] [applause] >> thank you very much, mr. president. mr. vice president. you have honored me and my family by giving me an opportunity to serve you and to serve our nation. >> with more than 80 appearances by william daley and more than 100 by gene sperling you can use the c-span video library to learn more about the newest additions to the obama administration. just two of the 115,000 people you can search and watch anytime online at our c-span video library. it's washington your way. >> middle and high school students, it's time to upload your videos for c-span studentcam documentary competition. get your 5 to 8-minute video on this year's topic washington, d.c. through my lens to c-span by january 20th for your chance to win the grand prize of $5,000. there's $50,000 in total prizes. c-span's studentcam video documentary c

travel experts say after a few years of having to be frugal leisure travelers are looking to let loose. same goes for business travel. businesses will look to cut travel costs by airlines and hotels may not cooperate for leisure travelers. industry experts believe vacation bargains to be plentiful, even in hot spots. >> places like las vegas, hawaii, cancun, we are also seeing new cruise ships launching this year. allure of the seas will be the largest caribbean cruise ship in the world right now. >> and more inventory should mean lower prices. people are planning to take an average of two to three vacations this year. sounds nice. >> one of these days we'll take a vacation. >>> the city of vallejo issued what they will do to get out of bankruptcy. scott mcgrew is here with a look at that. he says it could be a model for other cities. >> a model for other cities to see how useful bankruptcy can be, brent. vallejo tried to get its public employees mote notably the firefighters to take a pay cut. when that didn't work out they entered bankruptcy. now they are paying off its creditors at

california rep up-frugality dutch--with a 5 billion budget surplus.cted to a second term as it faced a new round of budget cuts. >> today, we see the dominance of spending rather than innovation and risk. he was a he was an advocate of gay rights, and his girlfriend, a senior, led to ronstadt called them mill being. and a singer, linda ronstadt, and governor, moonbeam. and he abandoned politics going to india to work with mother teresa. his political comeback when he was elected mayor of oakland in 1999. >> after two terms, he was elected attorney general for a second time in 20 of sex. >> a historic inauguration for the fortnight mira, jean quan. she is the first woman, the first chinese- american elected woman. one of our top priorities is to create jobs. and to attract business to oakland. >> of course, we're going to when the a's stadium, and second with your top-10 ceos to keep the top jobs in oakland and perhaps industries are not aware of the stimulus grants. with enterprising souls, with big tax credits for employees. and enterprising-zones, a

a commonly held belief is that in search of immediate gratification blacks are less frugal when it comes to savings when it's not historically been the case nor is it now the case that blacks are more profligate than whites economists region from the conservative milton friedman to marjorie to the recently deceased founder of the black caucus found that after accounting for household income blacks had slightly higher savings rates than whites. more recently also find blacks have a slightly higher savings rate advantage once in congress controlled. careful economic study actually demonstrates inter family transfers account for the racial wealth gap than any other demographic and social economic indicator including the education, income and household structure. these transfers to the primary source of wealth for most americans with positive net worth are transfers of more on merit resources. so why do blacks have less resources to transfer across generations? well, apart from the failure to in doubt his promise of the civil war, the blacks were deprived systematic property especially land

the mayor has promised to be frugal in office. we decided to investigate and see whether where there's a difference between clients upcoming trip and former mayor ron dellums same trip taken last year. here's what we found. according to one sawfishes stanford coach ticket and taking a red eye. approximate cost at $1,200. dellums according to his travel records pay full fare to thousand dollars. plus dellums had the city pay as memberships to united airlines red carpet club. cost $350. one plan stus attacks in dc a proximate cause $60. dellums had a limo on standby. the cost of 1900 dollars. what plans to stay at the capital hilton where the conference is held annually. it cost about two and $40 a night of proximate total $720. dellums chose to stay at the ritz carlton in georgetown. his total for the three nights was $1,700. dellums also put in far too injured $37 dinner. in total mayor on plans to spend about $2,000 for the three day conference. former mayor ron dellums spent about $5,000. that's a difference of $3,000. you paid

going to become a frugal state, but we have not been one. it should taxpayers in indiana who have paid their bills on time, should they be bailing out californians who have not? no, we should not and that is a moral hazard we're not interested in creating. >> you have probably heard some democrats say and repeal of the health care bill, there will be a big hit to the deficit increase. what do you think of that idea, and why did you exempt the repeal from the new budget rules that make it impossible under the rules, at least, to increase the deficit? the only reason why anybody suggest that this will reduce the deficit is because the books have been severely cut. it is not the cbo that did the book cooking. the cbo has to score what you put in front of them. if you put a bill in front of them that ignores the discretionary cost of $115 billion. that double counts the medicare savings. that double count the social security revenues. that does not count the fix. if you add all that stuff up and net it out, we are talking about a $7.10 billion w

. >> so far governor brown seems to have won support from california ups for his new frugal approach to governing. he's also replaced a fancy conference table in his office with a large public table and picnic benches. he says one advantage of the picnic bench, he -- they are so hard no one -- no one wants to sit on them long. >>> the city is about 31,000 short of the money it needs to cover repairs to. memorial. they plan it cover the boardses in vinyl -- the boards in vinyl. >>> it's deadline day for the sports program at uc berkeley. the university will decide today whether to reinstate baseball or other problems scheduled for elimination this summer. a group called save cal sports has raised about $15 million in pledges. >> there's commitments for $25 million. >> we've been doing a bunch of different things to get pledges and to get donations. we would lie like to knee -- we would like to know if our hard work -- hard work paid off. >> some faculty members argued that the program should not be immune from the budget cry -- crisis. >>> sal is here with a possible lem in the city.

going to become a frugal state, but we have not been one. it should taxpayers in indiana who have paid their bills on time, should they be bailing out californians who have not? no, we should not and that is a moral hazard we're not interested in creating. >> you have probably heard some democrats say and repeal of the health care bill, there will be a big hit to the deficit increase. what do you think of that idea, and why did you exempt the repeal from the new budget rules that make it impossible under the rules, at least, to increase the deficit? the only reason why anybody suggest that this will reduce the deficit is because the books have been severely cut. it is not the cbo that did the book cooking. the cbo has to score what you put in front of them. if you put a bill in front of them that ignores the discretionary cost of $115 billion. that double counts the medicare savings. that double count the social security revenues. that does not count the fix. if you add all that stuff up and net it out, we are talking about a $7.10 billion w

claudine wong is live in sacramento with a preview of brown's inauguration which will be a lean and frugal affair. good morning, claudine. >> reporter: good morning, tori. yes. things are getting busy in d owntown sacramento. you have media crews lining the streets. we do expect the security sweep to happen within the next 30 minutes. the speech and ceremony itself is not expected to take very long here at the memorial auditorium in downtown sacramento. by all accounts, this is gonna be low key and low budget. this is the way jerry brown has worked in the past. we have seen the chp on the scene for at least the last few hours. they are gonna do a security sweep of the auditorium very soon. the media will be let in the building at about 8:30. jerry brown is unique, of c ourse, because when we talk about this inauguration, we can refer back to his other two in ' 75 and's 79 -- and '79. brown has said he's learned a lot in the 28 hours since he left the governor's office and he will need that knowledge because sometimes have changeed. >> when jerry brown got eat l ected in 1974, the questions

let us be frugal and wise., we can make georgia the brightest star in the constellation of these united states. [applause] may god bless you and our great state of georgia. [cheers and applause] [applause] [applause] [applause] [applause] [applause] >> today is the 25th an anniversary of the space shuttle accident that killed 7 astronauts. nasa marked the ceremony this morning. you can see the ceremony saturday night at 8 eastern on c-span. >> now an event with ohioan congressman and study of the committee in the house. he talks about the majority's new agenda for the 112th congress and we'll hear about a proposal to roll back spending to the 2008 levels. the national foundation hosts this event. it's 20 minutes. >> goo morning, everybody -- good morning, everybody. welcome to the heritage foundation. my name is mike frank. we're going to start early because of pending votes on the floor. i will be exceptionally brief in my introduction of the congress to your relief no doubt, and the congressman may chunk his

going to become a frugal state, but we have not been one. it should taxpayers in indiana who have paid their bills on time, should they be bailing out californians who have not? no, we should not and that is a moral hazard we're not interested in creating. >> you have probably heard some democrats say and repeal of the health care bill, there will be a big hit to the deficit increase. what do you think of that idea, and why did you exempt the repeal from the new budget rules that make it impossible under the rules, at least, to increase the deficit? the only reason why anybody suggest that this will reduce the deficit is because the books have been severely cut. it is not the cbo that did the book cooking. the cbo has to score what you put in front of them. if you put a bill in front of them that ignores the discretionary cost of $115 billion. that double counts the medicare savings. that double count the social security revenues. that does not count the fix. if you add all that stuff up and net it out, we are talking about a $7.10 billion w

. >> i had to get creative and be frugal.the savings on the website, i'm better than i was working full-time and paying for day care. >> reporter: great for her. >> that is. let's get started. shoes, what did you find? >> reporter: how about shoes for essentially 66% off, right? great deal. here's how it works. the daily deal website, ev eversaves.com, have partnered with shoebuy.com. and here's what they do. you combine the daily deal, with the coupon code. the code is tgif. and if you're a new member, you get cash back. and the end result, is you basically get $30 worth of shoes for 10 bucks. >> how appropriate that the code is tgif. i see some eyeglasses there or something. what's that? >> reporter: yes. and the only thing better than a great deal is a freebie. costalcontacts.com are trying to get people used to the idea of buying eye wear online. first, you go to the coastal contacts facebook page. you click the like butt p and get a coupon code. put in the prescription from your doctor. and if you're 1 of the first 10,00

opportunities, and people have told us very clearly they want a stronger economy, safer community and more frugal government. i believe martin o'malley knows how to do this. when we talk about tough times and tough leadership we know how martin o'malley will be. building on the strong legacy of his first term we know that this will be based on values and for his first set of values will always come from his beloved family. today we have with us his mother barbara. i know deep in his heart he misses his father tom on this lovely day. this wonderful wife and their four wonderful children. and in that family, they grew up believing that everyone is your family. that we are all in it together. that each one needs to help the next one whether it is your brother or sister. but martin o'malley believes everyone is your brother and sister. so when he goes to make those decisions, when he looks at that data and we know that martin, governor of the valley is the data driven guy but also of purpose driven guy, is not about numbers. it is not about statistics. it is about people. that is why he is so committ

you're going to, you know, maybe shop together but this is being a frugal flend keeping you on track and in line with your goals, your mom, a best friend, a spouse. second have a money zone. what is this? it's a place in your home you can go to and it has all of your financial to-dos but also you can visualize your goals, as well. without goals, money is very intangible. have pictures of the vacations you want to take or have inspirational quotes but also have your file folders and your receipt boxes and it doesn't have to be a big space. it can just be a place at the end of the kitchen table or a table in the sunroom or in the garage but it's your zone and it kind of is away from all the other clutter in the house. >> everyone is dying where we would find that zone in your home. >> i live in a very small new york one-bedroom apartment. it's actually in my bedroom. i have a little nook at the end of my chest of draws and a little desk with my laptop and it's where a lot of my file folders go with the receipt boxes and all that stuff that will come in handy come tax time. >> when it c