became the first person and forty years to file a lawsuit under the false claims act as a foreman at g.e. aircraft engines he exposed that the government contractor was charging the government millions of dollars for work that was actually spent on commercial projects he was laid off by g.e. after blowing the whistle but he received a hefty settlement thanks to a bill passed by president lincoln and thanks to john grabbe that congress passed additional legislation that made it easier for more employees to see all of the false claims act millions more have been recovered in government contracting fraud cases sense although seen in positive light he did not get much press out of the event as you can see we can even find a photo of him now into the twenty first century and the perception of whistleblowers has changed quite a bit first we have sherron watkins' she was the vice president of corporate development and ron and helped uncover the company's fraud this led to one of the largest bankruptcy in u.s. history several executives ended up in prison watkins however was initially. praised s

if they g.e. get into an accident the passenger gets nothing. there's no regulation whatsoever and the police do nothing. why are the police doing nothing? i just noticed recently there's more and more illegal taxis from out of town that come into the city and a taking our money away. everyone in this city wants to be a taxi driver there's 18 and 19 year girls driving. they have no cameras in the cars. they have no regulations whatsoever. >> thank you. next speaker, please. >> (calling names). >> good afternoon mr. woods. >> good afternoon. i'm here to talk about the pomp street parking project. i'm a small business owner and they plan to eliminate the parking on the street it awful. the people that carry my business are handicapped. this would eliminate them as consumers. and the park let across the street losing or those 23 spots would be gone. mta has been aggressively pushing this plan but some of the presentations have been less than honest. they tell us how much parking there is but half of the street is unavailable every morning he and be

through egyptian banks the checks get written to lockheed they get written to boeing they get written to g.e. aviation they get written the halliburton whatever they get written to the long list of defense contractors things get manufactured all over the united states and then those hardware those military goods get shipped to egypt and as a consequence of that you have all of these military contractors here in the united states who are absolutely dependent upon this this money that is supposedly going to egypt it's really not it's it's going to us number one you're not going to see the president a cleric who you're not going to see dial back on the military aid to egypt because we're not or foreign aid to egypt because we're not giving them money we're giving them weapons that we're making here number two those weapons are causing the egyptian people to see made in the usa on the dear. it has grenades made in usa on the tanks on the planes everything else but perhaps most him but and finally with the little quarter billion dollars or two hundred fifty million dollars the domesticate that go

think there's an element of that going on, and it's going to be great, because instead of working for g.e., that young person will create 8 jobs or 10 jobs when that person starts a new company." chicago, a city trying to boost its tech image, welcomed 100 promising college students in technology to hear start-up success stories first-hand. "we founded a company called grubhub, which is an online food delivery business. we have grown substantially. our sales are more than $1 billion a year and 90,000 orders a day." "here, hearing the panelists describe how they work together and help each other's succees, you want that for your users and customers. " according to the urban institute, however, many younger men are delaying getting into the job market. that trend is even higher for women. the ever-crafty cyber-criminal. a warning from the better business bureau about the fbi moneypak ransomware virus. thousands of people have been duped by this. the fbi logo looks real when it pops up on your computer. threatening words claim you have been engaged in illegal activiity and must pay a fine. i

g.e one thing i've gotten from so many people, so many fans, some teammates, they're like, "what is going on?" >> reporter: what's going on is major league baseball is accusing rodriguez of more than cest using performance-enhancing drugs from a florida clinic. sources close to the investigation say there's evidence he recruited other players to use the drugs and tried to obstruct the investigation. last night, rodriguez intimated the deck is stacked against him. >> i will say this-- there's atre than one party that-- that enefits from me not ever stepping back on the field, and that's not my teammates and it's not the yankee fans. >> reporter: he likely was nkferring to the yankees tganization which stands to recoup anywhere from $34 million to the full $100 million left on his contract, depending on the severity of the league's punishment. e are are reports today, major league baseball and the yankees are so angry about his comments that they are no longer negotiating with him for a shorter penalty. an official announcement on all the player suspensions is expected on monday. terrell. >

these corporations themselves are almost too big to fail and a lot of these defense contractors like g.e. derive a significant portion of their income from you know the federal government look i'm not going to fend corporate welfare i've been opposed to corporate welfare all the time i've been in politics but the heart of the problem is is that if you're a middle class family and you have a small business and you do badly at the business you fail you lose your business but if you're extremely rich you can ruin a company that had the stock price decrease by two thirds and still got hundreds of millions of dollars in bailout that's not capitalism the way it should be it goldman sachs went to jail or lost a lot of money that would be keep people from making these kinds of mistakes in the future well here's the moral hazard argument that goes to the bailout and everything else is that when the government picks winners and losers it does hurt the small businesses and that's the final word i'm afraid we're out of time thank you much so much for joining me if you want to weigh in on today's sho

is an extreme eco sudden technology it cannot be regulated once you mess with this up to enjoy the g.e. even the industry's own figures say that all the wells will leak in the end it is just insane. why this is being allowed to go ahead instead of reinvesting in safe renewable energy technologies that will give us energy security will give us last employment and one hundred people it's quiet right now because they've stopped operations having taken the advice of the police and more protesters will be coming to this area and right over there this is quite a common sight around here were residents gather to argue fracking or to discuss with police when police officers come over to where they are camped out there making. their way to marriage you know if this impacts it will affect them that you're going to defend the growing how how was your evacuation plan for village the u.k. government is looking to the example in north america in the united states where they say that the energy market has changed the bills have been lowered and this has increased a self-sufficiency david cameron has

that's forcing down the project making the project less profitable for g.e. g.e.wn the denver research center. 50 people will lose their jobs at the research center. >> 7:45. facebook is rolling out some new changes to its news feed. now posts will the most likes are gonna be bumped up to the is old. he news feed before the facebook says the change will give people the chance they want to see but may have missed. it also means users and advertisers will have to come up with more interesting posts if they want people to see them. >>> yahoo! is changing its logo for the first time in its 18-year history. for the next month, yahoo!'s website will feature 30 different designs. one of the versions will replace the purple y and the exclamation point. yahoo has already picked the look. >>> the trial of the army psychiatrist of killing 13 people in a shooting rampage continues today. major nidal hassan is acting as his own lawyer and told the court the evidence will clearly show he's the shooter. one of the shooting victims who survived says i has physical as well as emot

g.e.n't bounced all day essentially. >>> let's check the nasdaq with seema. >> we digest the latest movements, check out the tech names that make a significant amount of their regular moves overseas, specifically in asia. intel, qualcomm and apple on that list. speaking of apple, according to factset, apple's institutional share value experienced its third consecutive decline in the second quarter. however, it's still one of the top tech holdings held by institutional investors. google, microsoft also on that list. simon, back to you. >> thank you very much, seema. >>> big news in the bond market. we've had some sort of rally. the yield on the ten year backing down. rick santelli has that and more live from the cme. hi, rick. >> yeah, not a huge rally but i guess everything has to start somewhere. think about it. if your emerging markets are breaking down, where's flight to safety coming in? well, as you look as a ten year, simon is right, we're down a half dozen base points. we're still a

just paying almost zero president didn't denounce g.e. and named him to a jobs council because of their wonderful record of jeffrey skilling to void in the so which is the amount there which is that the republicans object to the zero zero loopholes or cutting taxes the other problem is that the small business those that are not going to be corporations will have their rate hike there on merit by no no no they are there the actual cultural tax typically there are some attacks rule proposal is to raise those who follow and say that their income comes not from an employer but from so if it generated would go up so we're going to piano that is part of small business that is not you know it is where you are you doing this you are pointing out where you are are really. no way to twenty eight percent are just trying to fuse people i know are absolutely the bite you are a changing the subject basically you're saying well what about those corporations that are corporations ok those corporations aren't corporations are taxed at the personal tax rat

. >>> a planned implosion of an old p g.e. plant.ck as it send slap sharp shrapnel. 1 man lost a leg. >> shortly after the explosion, a piece of 4 by 6-inch metal shrapnel hit a young lady and hit me in the knee as well. >> p g and e says all spectators were standing in an area that was safe. they will work closely with all the agencies and third party contractors who managed and carried out the demolition as they worked to figure out the cause of this accident. >>> more u.s. embassies and consulate are closed for today. the white house says president obama has been getting briefings on the potential terrorist attack from al-qaida. they say they are credible. >> i think this is serious and it demonstrates al-qaida is not on its back that it has real capabilities especially in middle east and north africa. >> they are telling americans to be vigilant especially when travel abroad. >> there are barricades around the embassy. heavily armed soldiers are conducting security checks. france and germany are also choosing to close their embas

i don't understand what contract so big why g.e. isn't part of it?'s basically all i had to say. host: david, we'll go to laura next in california, democratic caller. caller: thank you for taking my call. i was going to comment about larry summers. it's amazing to me that anybody would want to back him for a position. certainly not the fed. he's one of the architects of the banking system. he fought against regulations. he fought against keeping any kind of over sight over the hedge funds and the cbo ease. he brought us to this place. he's not at all the person that i would like to have. host: deloris, do you know much about janet yellen. caller: according to what i read, she's using the fed in a different way to decrease unemployment. that is a function of the fed that's been ignored by bernanke and his friends like larry summers. host: dan, glendale, arizona, dan you're on the air. caller: can you hear me? host: we can barely hear you. caller: i'm calling earlier about the gentleman talked earlier about technology in a vehicle. where the government

g.e. wine center holds 57 bottles of wine. if you're a connoisseur, you can get this.n't spend them all on travel. >> you can donate some of your miles for a good cause. >> use your points to help somebody else. they will donate $10 for the charity of your choice. hunger relief or united way. so use your points to help somebody else. >> is it tough as a reporter keeping all these rules in place. >> my mind is always spinning. believe me. >> they don't make it easy. >> they don't. >> thank you so much. >> thank you. >>> speaking of the airlines, last minute getaways for your family. but first this is "today" on nbc. ♪ too big. ♪ too soft. too small. ♪ mmm! ♪ too happy. ♪ [ male announcer ] at progresso, we've got a passion for quality. because you've got a passion for taste. >>> we have been having the best time-out here on the plaza. it is fan appreciation week all week long. you said the food today is a big hit. >> big hit. i heard people screaming for the snacks. >> one direction. >> talk about screaming. the screaming will be on. we look forward to that. meantime, c