the gambling saloons. they organized. >> yes. >> you cannot become with the gun. >> the young people in this area, particularly area person. greenback, he was running a protection rackets to protect the people. what about the yen kids? >> i don't know so many details, but the one hour recall, there were called lighthouses. the gate of the cards to the brothels. the timber merchants. selling matches. growing up a brief test. also looking for seniors in details. all these pictures. the last question. >> you had like the best the street karens. these young street thieves you actually organize their own theater. when an election date tradition of setting big bonfires. so the police would go out of their way to try to confiscate all the wood so that they cannot be let on fire. .. >> here is somebody you wanted to ask. >> thank you. did he accomplish anything and were there and long-lasting accomplishment? >> yes, he certainly -- he showed what it was like to make an experiment and they never backed down. the ca

at a racetrack where there's already gambling? the orioles down to the last out. they win it in the 15th. 4-3, the orioles beat kansas city. adam jones comes a big again. ure team had won foour straight. alex gordon down the line. he had no chance at that. 3-1, kansas city. top of the ninth. wilson betemit makes it 3-2 with one out. two outs. tying run at second. a drive. he comes up throwing. he beats the tag to keep the game alive. the bullpen was unbelievable. adam jones off of nate adcock. a couple of weeks ago, jones hit a home run to beat the red sox. 4-3. jim johnson saves in four kevin gregg. we found that in the sky. orioles 10 games over .500 and still tied for first . . the practice field is set. bodemeister and i'll have another of the favorites. tiger walk, teeth of the dog, both local connections. creative cause. i'll have another. optimizer. cozzetti. you watch the race right here on wbal. the lakers looking for a win. game two last night. the lakers did not play well enough. for the quarter -- fourth quarter. the g

have the government the mechanisms of government really been hijacked in order to subsidize the gambling habit and the debt exists addictions of a new feudal class of banker but the media by and large has painted these attempts as bailouts for the victims so this may sound like a vague question but let's just you know ask broadly how would you say this is been allowed to happen. it's what we wrote back when henry paulson the former c.e.o. of goldman sachs was the head of the u.s. treasury the treasury secretary on the bush and he devised the scheme of the bailouts the too big to fail with his talk program and at that sign we wrote we sent out a trend alert wall street is hijacked washington. it's the merger of state and corporate powers by definition is called fascism it's been a takeover look at the people who are in charge you know who have been in charge one after another whether it was you know from the goldman sachs gang the merrill lynch mob the j.p. morgan chase crew one after another they all inhabit and have inhabited it through the halls of wall street of washington and then it

but - lawmakers remain plit....n &pexpanned gambling. "you pnowwif it takes a special session to ffcus on eepanding table ggmes in maryland,i'dd 3& riiht thing to do, ut i also 33&pduring the reeular session, t would have been a much more "but any eeforr to expand gambling innmaryyandd ould requiieea hree-fifths ote in both the house nd senaae. and -3 some lawmakers say that's a huge hallenge."(anderson) "theehouse of dellgates wws &pvotte for thhs hing, lett alonn 85, so i think it's - big gamble, pardon the pun, to try to bring in everybbdy the phink you''eegging tt get a thrre-fifths vote."bbt if the 3 approved...ann put on the ballot this all.... supporters...say reeenne...will be lost. and tte state...woull have to wait & until he 20-14 election...to revisit the issse. john rydell, fox 45 news at ten.. 3& lawmakers could also modify or overttrn a court oo ppeaas ruuinn thht pit bulls are dangerous during the session. 3 straight ahead... 3 filet miinonn..with a side of glue??how to finddout if the & adhesive is innyourrsteak. &pfor s

gambling is illegal in new jersey on sports as far as i can tell.the illusion that betting on nfl games isn't happening every week in new jersey. let's get that economy out from underground. >> there are 40 other governors who are secretly rooting for chris christie. they are tired of doing cuts. they don't want to have to deal with raising taxes. gambling, online poker there is federal laws. christie is challenging to stop them. this fight could end inputal politics. >> these are desperate budget times for the united states. he has a big center, atlantic city. he is putting gubernatorial priorities ahead of vice president aspirations here. >> nobody wants to talk about this. >> for moral reasons and specific reasons. this is not going to be popular in nevada. they have the right to do this. >> they think having sports book is a tourist attraction, if you will. already vegas feels as if popping up of casinos everywhere has eroded some of their appeal and they think this would be the last straw. >> this certainly gives you another reason to go to atl

proctor and gamble is helping us out today. >> they're an olympic sponer.y heavily on sponsors. i remember there was times even as a young kid i couldn't afford track shoes, a basic thing. i could not go out and get them. now i'm teaming up with proctor and gamble and they're donating $25,000 to youth sports to help these young athletes achieve their dream. i think it's cool to partner with somebody who is helping young can kids. >> that is doed -- young kids. >> that is good. that's a big deal. it's a huge deal. how much are a pair of track shoes? i'm curious. >> say that again. >> how much are a pair of track shoes is this >> well -- shoe?s >> well, they can range from the lowest $60 all the way up to $180. >> i got you. >> when i was in high school they were $110 for the price. >> you just threw down the $25,000. imagine how many people will be impacted with different sporting equipment. >> that's why i'm so proud to be with proctor and gamble because i just -- for me and my dream, i realized so many times -- i relied on people from the community to help

besides sex new york city offered gambling. yorker's played illegal bets at places called pool halls which were billiards. and hitting over a bar or a hotel. there were hundreds of these and resources came in by telegraph ticker. london, hotel on the outside, to the clubhouse turn, they are breathing it of of the ticker. gambling was much more posh. chandeliers, ivory chips. the key point of all that i have shown you up to this point is illegal gambling and illegal prostitution did not exist in new york city without the book the other way of the new york city police department. is simply not possible. i am not saying every police officer was corrupt but there was an attitude that it was ok to take some bribes and overlook vice. most new yorkers wanted vice. a veteran detective summed it up. there are cops who have never taken a dollar. at least i heard about them. but i never saw one. however they exist. i give them credit for being so good. so cops took bribes over all aspects of new york life. bribes overnight, wagon parking.

china is the no. 1 growth market for procter and gamble. have quotes where she says china is no. 2 mark and going for no. 1 and do it by marketing our products to millions of villages across china. that is the mentality of he

and gambling in the securities market, that's a free market.on't combine with it a commercial bank. >> i don't think they did combine it. on top of it. >> they were not, they were-- >> the headline is minus 2 billion. what we don't hear about, they made 4 billion dollars for the quarter. so, i mean, that's what they're in the business of doing. sometimes when you gamble, you walk away with a big stack of chips and sometimes a smaller. and-- >> that would be great. but that's not what happened. as we saw five years ago, that's going to happen because there's no system to not have that happen again. there will be another too big to fail. and hundreds of millions to save the economy again. >> not on a 2 billion dollar loss. >> all right. guys. all right. and thanks very much. another tsa oh, security scan e, correcting dust in warehouses rather than at airports. there's a private solution to save money and maybe even lives, too. does any mother evefeel like their kids are adults? i have twins, 21 years old. each kid has their own path. they grow u

china is the no. 1 growth market for procter and gamble. have quotes where she says china is no. 2 mark and going for no. 1 and do it by marketing our products to millions of villages across china. that is the mentality of the company, all about growth and convincing us that we need more products. these are also in the most toxic categories and increasingly marketed to younger and younger girls. this is an example of a 5 or 7 year old on the cover of a skin, hair relaxer. these are ratings, that is the most toxic hair relaxers and no. 1 is a kid's product. then for hair dye, younger and younger girls are getting hair dye. "new york times", girls 10 and 11 are getting their hair dyed into the salon. it used to be 15 or 16. the industry was excited. this represent as growth market for the industries. it also represents age and continued chemical exposures to many of these toxins for young girls and more exposures to the environment as hair dyes get into the waterway and food even if we don't get our hair dyed. our skin should be lighter and d

it raises the question whether gambling when a stranger will die -- should we permit that? or is that morally taboo in respect to assuming i? >> right, and is a damaging to the person making that bet. if you wake up every day, instead of hoping that your stock goes up, you are hoping that people died -- is about for you as a person? >> right, right. >> it is an interesting thought. >> that actually occurred with the aids crisis and the so-called radical industry. people with insurance policies wanted to pay out now for medical needs, let's say. an investor would come along and say, i will give you a 100,000-dollar policy. i will give you 50,000 now for, and when you die, i will give 100,000. then the jobs came along and people were living longer, and investors were saying, when is this person going to die? we want to collect the pale. it tends to be corrupted. >> right. in investments, the investor knows something that they did not want to learn. this is not a sure thing. at least, not yet. >> right. >> and you return to market triumphalism, the idea that markets should rul

is expanding gambling as urgent to you? >> clear skies and mild temperatures make for a great morning. but what about the weekend? [captioning made possible by constellation energy group] captioned by the national captioning institute --www.ncicap.org-- >> live, local, late-breaking, this is wbal-tv 11 news today. >> good morning. i'm mindy basara. >> and i'm stan stovall. thanks for joining us for 11 news today. >> a gorgeous day on tap. >> we had a cold front go through around midnight. we have a nice stretch of weather coming up. 63 at the airport. a north wind of 13 miles per hour. it will be little breezy. we will make it up to 75 this afternoon with plenty of sunshine. first we say good morning to sarah. >> good morning. not bad as you have up on the area roads. eastbound 70, a reported vehicle fire appeared that has been cleared. back to normal. speeds around 59. so far so good on 70 prior to the beltway. on the north side, a 58 through the towson region. no delays on the 83's all the way down to the beltway. the j.f

. >> just a bunch of guys sitting around smoking, drinking, gambling. wait, those are buddhist monks. >> one word, scandalous. >> find out who the video has been forced into hiding. ♪ >> the new tenacious d video is going viral. and now the director shares the secret to great comedy. >> try to make each other laugh, really. >> see how jody hill and i did that back in our school days together. >> this is us in eighth grade. >> and hear what he revealed about me back then. >> oh! >>> plus, half-naked young men chased after indiana jones. >> the best part is towards the end. >> see the poor dude who got a little droopy in the loin cloth. it's time to get our first show of the week started. steven has it. >> a video in china has caused an outrage mucge among the chin people. and in it, you see a 24-year-old british man in beijing on a tourist visa allegedly attempting to sexually assault a chinese girl in public. apparently he followed her from the train station, pushed her in this flower bed and attempted to sexually assault her. now, in this video, you se

a full week before you can go in and gamble. stay with us. >>> one week from tomorrow, the newest and largest casino will be open to the public. and when it does, more than 4700 slot machines will greet visitors live, but today, the new gambling and entertainment complex opened its doors for a sneak peek. scott broom got to take a look inside. >> opening night for the maryland live casino at arundel mills is set for june 6. it is a megacasino. when it's open, it will be the nation's third largest. when maryland voters approved expanded gambling here in 2008, few imagined it would mean a megacasino. >> these are high limits blackjack tables. >> it took developer joseph nearly an hour to cover the place. larger than three football fields. yes, there are slots, but it's the electronic table games that are likely to surprise you. under sealed glass bubbles, the machines deal real cards from real decks. they tumble real dice and roll real balls on real wheels. dining will include brand names like cheesecake factory and the prime rib.

bay 101 wants to increase gambling tables by more than 60%.irst it needs more than 19,000 signatures to make it onto that ballot. bay 101 says the move is aimed at cashing in on more of the gambling market it says is being lost to tribal casinos in the central valley. >>> superheroes and super-sized popcorn unites. >> i like the sound of that. >> the big event going oneaterst thheears aund the bay area today. stay with us. [ female announcer ] safeway presents real big deals of the week. or how to get great prices on things you need. we know you look around for the best deals. that's why we give you real big club card deals each week. this week a crazy low price on tide, $10.99 for 100 ounces. 12 rolls of bounty are $11.99. that's a dollar a roll! pack your lunches -- marie callender's are just 2 bucks. real big deals this week and every week. only at safeway. ingredients for life. >>> welcome back. taking a live look at sunol. beautiful-looking day here. we have some showers on the radar. showers right now moving into the city of san francisc

. >> the gamble is that the jury would have expected to see john edwards take the stand and say to them, look them in the eye under oath and say i never thought i was committing a crime. >> less surprising, the decision not to call the woman at the center of the scandal, rielle hunter, who the defense worried would remind the jury of all they dislike about edwards. over the course of the trial, the defense all but demolished the credibility of edwards' chief accuser, andrew young, revealing he pocketed most of the money the government claims went to hide hunter. edwards' defense is focused on the fine points of campaign finance law. and the unprecedented nature of the prosecution. the government alleged money to hide hunter amounted to illegal contributions to edwards, which he denies. after 31 witnesses, some analysts still see a big hole in the government's case. >> they have to show a willful violation. that's always been a challenge, and there's no evidence that john edwards told anyone or even thought he was committing a crime. >> closing arguments are tomorrow, and the jury is exp

the legal gambling age is 21. she would face misdemeanor charges and the resort could be hit with fines. carol burnett is writing a new book about her daughter kerry hamilton who died of cancer in 2002. it comes out next april. kristin bell and toby keith are hosting the cmt music awards in nashville last month. carrie underwood is among the artists who will perform and leads the pack with five nominations. the awards will be given out on june 6. that's your eye on entertainment. teresa garcia, cbs news, hollywood. >>> good morning. thank you for watching 9news now at 5:00 a.m. i'm andrea roane. >>> i'm mike hydeck. boy, i love carrie underwood. >> i'm a number one fan. i really am. >> here's monika santami. >> and here's howard bernstein. water water everywhere in some parts of our area. >> prince william county once again taking the brunt of it, around that fan sas as well. more hef -- manassas as

the group that he thinks should relax the rules for thinks kind of gambling.o here is a modest solution. dimon should resign from the new york fed board immediately acknowledging that he can't be on the board while also lobbying it, and that he doesn't control risk in his own organization so well. this conflict of interest is so obvious that it defies all rationalization. for a decade the new york fed has staled to pick up on the significant wall street threats. and maybe that's because the board has the very voices that helped cause the failure. occupy wall street coo seen focus on this a tangible on jebtive to capture so many of the structural flaws in our banking system. it's bad enough that the bankers themselves controlled the new york fed board for so long. what is more appalling is that they still do. as elizabeth warren and i are demanding, along with many others. dimon should resign. these my view. [ male announcer ] cookies with smooth caramel and chocolate. ♪ ♪ hmm twix. also available in peanut butter. [ kristal ] we're just taking a sample of all

if i was a gambling man i would place my bets on the monarchy. if this stood the test of time with the theory of the '50s and '60s, the monarchs face the dilemma because of modernization to change their ways or face distinction. but they have not. or now, they are safe, but they have to do with me

and banking on disaster if you thought big banks were done making big gambles you bet wrong it seems the more things change the more they stay the same specially when it comes to risking your money. plus the race for the republican nomination is getting red white and bruised as supporters for mitt romney start a battle royale with ron paul a fiction otto's throwing around both votes and up punches we'll tell you how these

question, is congress gambling with the economy over taxes? pat buchanan? >> here's what will happen, john. the republicans will pass extend all of the tax cuts this summer. all or none. >> on all layers we described? >> all of them! frank sinatra, all or nothing at all. !úto t harry reid will pass the tax

it was gambling. >> reporter: of.morgan breached this kind of nonness. >> reporter: a business professor at the university of maryland, he compared it to a local bookie. >> the difference between diamond and the guy on the corner betting on the horses is jamie wears a good suit. he's not interested in making loans. he's interested in taking your deposits and gambling with them. he just gambled and lost. >> reporter: the $2 billion in losses were not just bad, he said, but embarrassing for jpmorgan, whose chairman is an outspoken critic of the vocal rule which aims to limit banks from making risky investments with their own money, exactly what happened here. >> it isn't a great idea but it's going

go back to the moroccan is -- i would probably, if i was a gambling man say yes. i probably place my bed bet on the monarchy. why wouldn't anybody? sustained by the argument that this is a monarchy that stood the test of time for three or four centuries right now. stood the test of the modernization theory in 1950st and '60s. but the manner arks were facing the king's delimb ma. because of modernization they would have to change their traditional ways otherwise they would face extinction, you know, but again they haven't. so i would say, yeah, they are safe for now. at some point they would have to deal with meaningful changes and

. >>> maryland lawmakers may have to wait until next year to decide whether to expand gambling in the state. republicans in the house of delegates say they oppose a special legislative session to address the gambling issue. they say special sessions should only be called in times of true crises. earlier this week, governor o'malley said a special session could be held in july if a group discussing gambling reaches an agreement. lawmakers are thinking of allowing table games at maryland casinos and allowing a casino in prince george's county. >>> this morning, we are learning the details of how you can say good-bye to the godfather of go-go, chuck brown. thousands of his fans expected to attend a public viewing and memorial next week. the viewing will take place on tuesday at the howard theater from 11:00 a.m. until 10:00 p.m. the memorial service will happen next thursday from noon until 3:00 p.m. scheduled at the washington convention center. chuck brown died last week at the age of 75. he had been suffering from pneumonia. >>> 6:06. 71 degrees. ahead, the so-called law enforcement d

. >>> governor o'malley says a special session could be held on gambling by the first of july. >> why republicans say they would rather take care of that issue during a regular session. >>> if you have a student loan, you may have to pay more, the road block congress has hit to lower the student loan interest rate. >>> also smart meters being installed in your home. what you need to do if you don't want one on your property. >>> the unofficial start to summer will feel like summer. i'll tell you how long the sticky weather sticks around coming up. >>reporter: traffic is just starting to pick up here on the west side of 695. we do have an accident on the beltway in talson. i'm tracking the delays and will bring you the very latest in my abc 2 news time saver traffic report. ♪ [ male announcer ] for our families... our neighbors... and our communities... america's beverage companies have created a wide range of new choices. developing smaller portion sizes and more low- & no-calorie beverages... adding clear calorie labels so you know exactly what you're choosing... and in schools, repl

. >>> state auditors have noted concerns with the lottery agency's monitoring of gambling.sponded to an audit it has either addressed the problems or in the prose of doing so. among oh things other -- other things the auditor noticed the network was not secured enough against external threats. >>> 5:24 and you can now add the library to the list overplasts youn't -- of places you won't get the hot steamy novel. we're talking about "50 shades of grey." it's not a book ban. not catcher in the rye here. it's available through digital download only but you will have to wait a couple of weeks to get it. the library didn't buy any paper copy. >> it's porn you know. >> it's a public service and i think that it's -- important for us to be able to enforce our rights to people to write what they want and people to be able to read what they want. >> okay library representatives say they followed the board selection process and based on the reviews and the writing quality of the piece, you see there for mature audiences the book "50 shades of grey" didn't pass the grade. >>> this is ou

what they are not going to decide is gambling. there very well might be a second special session and rushern baker and prince george's county are not going to be pleased about this. >>> prince george's county police are investigating a fatal crash involving a motorcycle and tractor-trailer. this happened in the 8900 block of wood yard road in clinton, maryland saturday night. police say the driver of the motorcycle was pronounced dead at the scene. so far, no word on what led to that crash. >>> a fire at a car dealership repair shop required extra firefighters. this one broke out at the pontiac dealer in marlow heights late sunday morning t burned into the roof, making it sag and forcing firefighters out in case the roof fell in. no one was hurt. >>> d.c.'s guardian angels will patrol a northwest neighborhood again today after a crime captured in this surveillance video shows a man being assaulted on thursday. the man badly beaten and is still hospitalized. the guardian angels will be back in the area including the alley at noon t

. >> gambling. >> jimmy: gambling. smoking. >> no, i didn't smoke. >> jimmy: you didn't smoke?ven up girls? what happened? that's going too far. cock fighting, i heard you have given up. >> yeah. >> jimmy: that fits into the gambling thing. when you give up cock fighting, that's when you know you're serious. why did this happen? >> because i'm reading the bible and i know, i find out how to obey and follow the commandments of god. >> jimmy: wow, wow. what about your following? [ applause ] your enter raourage. do they have to give up all that stuff, drinking and cock fighting and gambling, that sort of stuff, too? >> yes. >> jimmy: oh, they do? >> yeah. >> jimmy: so they must hate the fact that you opened that bible. [ laughter ] >> no, they are very happy. >> jimmy: oh, they are? >> because they found eternal life. >> jimmy: they found eternal life. yeah, you told them. you better find eternal life or you are going to find eternal unemployment. [ laughter ] now, is this -- this photo, is this from a church picnic or what is this here? what is going on there? [ laughter ] >> wh

global we've seen all this and yet it keeps going so jamie is a gamble holik who says he's not. exactly right he's a and so he's going to gamble is an international gamblers anonymous intervention now you may need his bank to be chopped up and separated. but nobody is willing to get in front of this guy and do an intervention and say we need cut you off from the credit spigot you gamble holic sleazebag they're not doing that they're not doing that in fact the f.c.c. mary shapiro went about saying yeah we're looking into this after the fact and not because before hand she might have noticed that there's a seventy nine trillion dollar exposure of divot is that j.p. morgan chase has had on only a trillion dollars of assets and a trillion dollars of deposits so the leverage in their institution whatever it is they put it is a man's that's what mary superior in the f.c.c. should've been focused on not oh gee surprise there's an egregious error there could be some problems here now so mary shapiro is an enabler she's an enabler and in the case of the alcoholic many times i'll hide bot

but banking is not gambling. >> and it's important that you come out and say that, by the way. i want to get your take on what jamie dimon said about how this situation violated our principles and get away with what happened here. listen to what he said to investors. here it is. >> this violates our own principles in terms of complexity and risk and we should not let this issue detract from what we're here for. our company is very strong with leading franchises across major businesses and maintain to handle surprise and setbacks like this. >> so, bill, you've sat on the executive committee. tell me how something like this happens and can it be avoided when you're dealing with risk? >> i think it can be avoided and jamie basically said it should have been avoided. i don't know the details. i only know what i heard. there's no question there was a breakdown in their systems and controls. jamie's acknowledged that and they are moving to correct that. it's a very complex fast move. i just saw the last report about your show and trade in milli seconds. we're in a complex world. that

. >> reporter: it was a gamble. >> it was. it was. >> reporter: a gamble that paid off. she's now a student at the jacqueline onassis school of the american ballet theater. do you feel this was destiny? >> well, when i was younger, i used to think i was dreaming, because it was too good to be true. >> reporter: but despite all her talent, michaela has battle left to fight. there is the issue everyone but her seems to dance around. race. >> being a dark black ballet dancer, there's a lot of pressure on us, i feel like i have to work ten times harder. i don't want to sound, like, rude or anything, but that's just how i feel. >> reporter: michaela's mother knows all about the racism facing her daughter. >> when i was attending an international ballet competition, the woman sitting behind me said, oh, my goodness, everybody knows that black girls can't point their toes. >> reporter: just one of many such remarks. how does it make you feel? >> ashamed. i feel like jim crow is still part of our lives. >> reporter: as a result, michaela's future is uncertain. how many top fligh

you can't go gambling.he economy. >> commercial and investment banks have to be designated. >> in investment banks want to invest, get involved in las vegas-type activity, let them do it, but not with insurance. >> and how big a chance is that becoming a reality? >> i think our friend jamie dimon may have made it easier. so invest, whatever you want to do, but don't come crawling from the federal government for insurance. that's the key issue here. >> well, you have the big getting bigger after what happened on wall street. >> i want the american people to hear this. today you have three out of the four largest banks bigger than we were before we bailed them out. >> three of the four? >> yes. >> bigger than we were? >> yes. significantly, also, you have the six largest financial institutions have assets of over $9 trillion, which is the equivalent of two-thirds of the assets, equivalent to two-thirds of the assets of gdp of the united states of america. so stop for a minute. when you have institutions that

. >> a health care gambled that appears to be paying off >> from a war zone to the high tech training field, the program putting veterans on the front lines in the technology industry >> let's head to the beach where the coast is clear. i want you to take a good look at the current air temperature because the difference from today and tomorrow, we will talk about it. ,,,,,,,,,,,,,, >> the entire country could take a lesson from reno nevada >> instead of just talking about the high cost of health care in the city did something about it. >> reno nevada, from roulette to blackjack, the hope of winning big sends hearts racing. for reno firefighters and police hearts are also on the table but with much more at stake. the fast-paced high stress conditions put officers at high risk for heart attack and stroke >> they're tough jobs. there is incredible stress, the work is tough on our people >> is tough on the budget. under nevada law a police officer or firefighter has a heart attack, it is presumed to be work-related and a single claim costs the city $1.5 million >> if a cardiac event happe

one central topic would be the approval of a new gambling site, the first in prince george's county. county executive rushern baker has announced his support for a casino to be at the national harbor. >>> a judge could rule later today in the case against town square market owner richard kim. he's on trial. he's been charged with selling alcohol to minors. kim's arrest came after a 9news now investigation that began last december. following yesterday's testimony, both the prosecution and the defense rested their cases. kim declined a plea deal that would have given a suspended 14- day jail sentence. >>> still to come when 9news now continues... >> reporter: the spectacular blastoff for space x. i'll have the story coming up. >>> county police say they have made an arrest in the murder of a local musician. he was fatally shot last december near a bus stop on stewart lane in the white oak area of silver spring. for months they have been looking for a suspect. police plan to hold a news conference this afternoon to explain how the suspect is linked to this crime. >>> our own bruce johns

this -- not gambling in any sense. this was a hedge in which they were trying to protect against a certain kind of rick. there's once -- banker should do. >> , the vocal rule would have sprung into effect if it were a matter of requirement? >> i don't believe they were training for their accounts in the sense the vocal recall recall was account. >> meaning what? using deposits as collateral, as -- the term of the loan? >> yes, they were using their -- the money that is deposited to make loans. that's the principle. some of the banks were using it to gamble in effect on -- this was not their -- they had hundreds of billions of dollars of loans outstanding, they were trying to -- >> what does the vocal rule prohibit? >> the vocal rule prohibits against proprietary training, trading for their own accounts. >> using -- [not understandable] >> the equity of a bank. >> that's right. >> that is composed of what? deposes its of the -- >> no, no. that's the obligation. [overlapping speakers] >> the banks do not -- they use that

developers gave a preview tour today of the gambling floor which is the size of three football fields. the megacasino will also be a megataxpayer. >> we will be the largest taxpayer in the state of maryland. we'll send over $400 million a year to the education trust fund. we'll make over $30 million in local impact grants to anne arundel county. >> warn their entire half billion dollar investment is now at risk if the maryland legislature allows a sixth casino to be built at the national harbor. three football fields. i could get lost. >> easy. >> the number of steps you could get on your bedometer. >> not gambling. >> the good news, we have fewer warnings now. we still have a severe thunderstorm watch. it's going to drop temperatures big time. we hit 91 today. we'll start with our warnings and watches. now we have extended the watch. now the watch covers the entire metro area until 10:00. so now it includes the district, includes fairfax, montgomery, which makes sense. and also prince georges county and now also charles county. extended it west across i-95 until 10:00. all right. let

created absolutely nothing of value to society was derived from this trade at best it was a form of gambling for the whale and it's call exe next time they should just go to vegas and skip the drama now he goes further saying that jamie dimon should resign from the bank altogether he is here to talk about it jim rickard senior managing director at tangent capital partners joins us now he's also author of the bestselling book currency wars the making of the next global crisis and we are always so happy and honored when you're in d.c. and where we get graced with your presence so first thanks so much for being on the show today i think you are supposed to be or thanks very much. absolutely we're always so happy to have you so let's start with the bad because after i'm seeing minutes did just come out and at this point it really feels like just a formality for us to see what we already know that they're going to keep rates at zero they're going to ease possibly more if the economy deteriorate and we're not going to be able to know the true credit situation and the economy are there any surprise

to the banks the least the banks could do is do something productive with the money but they're gambling it's a disgrace so then this brings me to something that actually your colleague chris whalen said you could be on the show tomorrow he was writing this if we could bring it up to talk about this malignant speculation which you say is going on more broadly he says the fact is that the vast expansion of the u.s. money supply over the past three decades makes such financial out alchemy necessary even for too big to fail banks to generate even nominal profits do you agree with that and i think it's responsible for some of the errors these banks have made i view that completely and this is also another malignant byproduct of the fed's zero interest rate policy because when you do a trade like this you have to analyze all the cash flows and all the moving parts so not just valuation but the present value the cash flows and the volatility and the cost of funds when the cost of funds is zero that means the cost of being in the trade the cost of putting up collateral is very low. so that mean