miles so i'm all for efficiency but we can't keep the lights on with efficiency we have to generate electricity why because we don't have a perfect storage method for electricity if we had such a method then that is the true game changer but with regard to renewables look at the just the latest report from the energy information administration here in the united states the estimated natural gas fired electricity is about the cheapest form of power production and about sixty three dollars per megawatt hour on shore wind generated electricity costs fifty percent more offshore wind costs four times as much and and solar thermal cost five times as much this idea that renewables are cheaper than conventional for forms of electricity generation is just simply not true further even if it were on car they're not dispatchable the reality is we need electric sources electricity generation sources that we can turn on and off that's what gives them value having them be intermittent and highly variable gives them of a real world value of a centrally zero so that but i think peter just to direct the conversa

used to be in the old days that everybody had their own electricity generating plant. people would generate electricity locally for their own production means for their own factory. that got turned into a utility. the economics and study of that is very interesting. there's a fabulous book called "the big switch" which basically tracks that history. think of what clout is doing to computing is being analogous. instead of having to own and run your own software and hardware and computer systems, these things simply become services that you acquired by some horribly complicated plug. so it becomes viable economically -- the economics are compelling. you can consume by plugging in. you have to plug, yes, it is still the case that you know too much, but it is really that, that turning computation into a utility that can be consumed as opposed to requiring human to surround previous manifestations of the technology. >> i thank the panel for coming here today. we also thank our audience here for those listening and viewing. now, this meeting of the commonwealth club of calif

>> general electric down 5.7% for the day. the world's biggest oil company, exxon mobil, down 5 march for the gay. google, technology leader, down 4% for the day. and if you look at alcoa, the biggest losers on the dow industrials, down 9.2%, a company that spans the gamut, it's a good indicator of overall demand. no matter where your money was today in the stock market, you lost money. now, do not go and sell those stocks. if you've been sitting in them, do not make any major actions. this is not the time to jump out. the market may fall tomorrow, as you know, we have that big jobs report, but investor panic, it's not the time to jump out. as traders having telling me and you all day, this is time to put your money to work in companies you believe in. but it is thursday, not friday. we are heading into the most critical day of the month could likely be tomorrow. we get the july jobs report. the opening bell at 9:30. that will determine the direction. foreign markets down significantly, about 4%, whether it's the uk or broader

some of biggest corporations in the world we're talking about the rise of boeing honeywell of general electric evade ford motorola and dow chemical and all the twenty five c.e.o.'s averaged around sixteen point seven million dollars in salary that is well above two thousand and nine southbridge of ten point. million then when tax time did come most of the companies actually came out ahead collecting tax refunds from the i.r.s. the average of three hundred four million dollars so far we get into what that means let me just give you two more statistics in the report that my kitchen fuming at eighteen of the twenty five companies operated in subsidiaries and offshore tax havens and twenty of these twenty five companies also spent more money on lobbying and they paid corporate taxes so now can we say hello washington why are you letting this happen joining me from our studio in los angeles is an experience host of the young turks and a thanks so much for joining us tonight now there is a think there's a lot to pick through here but what was her first reaction about seeing these numbers my reaction

he is stepping in to help the bank and the same way he helped prop up goldman sachs and general electric. the move bolsters confident and the banking sector. in recent days, shares in bank of america have plunged amid rumors that it was having major liquidity problems. several european countries have extended a ban on short-selling stocks until the end of september. two weeks ago, market regulators in belgium, france, greece, italy, spain intervened to prohibit traders from speculating on a decline in and a share's price. short-selling is a trade in which the investor shares borrowed cells without owning them in the hope of buying them back later at a lower price. on thursday, germany denied speculation that it would extend a ban on naked short-selling, a variation in which traders agreed to sell a security they have not yet even arranged. european shares fell in thursday trading. the dax was down by 4% at one point in the session. our correspondent sent us this summary from frankfurt. >> very few investors are driving the market. this thursday afternoon, the german stock index plunged a

the norm in europe and the u.k., which is a combined heat and power system, where you can generate electricity and use the waste heat to heat and cool buildings. it is something that has potential to substantially improve a greenhouse gas emissions and energy efficiency and economic efficiency of buildings in this district. we have been working with the department of the environment. we've been looking in terms of water usage. this is in the water ordinance district. all of these buildings have to be dueled -- dual plumbed to expedite provision of recycled water to serve a lot of the water needs of this district, because you do not have to use pure water to do all these things. you could use non potable water if we could find a local source for that. the last topic is money. all of this stuff costs money. there are open space improvements, transportation improvements. there are concepts for sustainable resource districts. ahoy the total for all of these improvements and infrastructure is north of $500 million. on the second last slide, you can see what the plan proposes in terms of helping to

. >> general electric is structuring their business around where government is going.rything around high speed rail, solar, wind, general electric is winding up to get what government is handing out. >> the "new york times" so many tax breaks to g.e. thanks to their fierce lobbying that despite billions of dollars in profit, they will pay no taxes this year. once upon a time in america, companies got money from investors and created wealth by inventing things. >> 25 years ago my friends and i started with nothing but an idea. microsoft did that they started with nothing and created billions in shareholder wealth. but then -- >> microsoft is free to compete and compete aggressively but not unlawfully. >> the government sued microsoft for offering people free software. at the time,. >> microsoft spent exactly zero dollars on lobbying. they were busy changing the world. they were busy creating computer revolution and helping the internet revolution. for that, they got drawn into court. they spent millions, hundreds of millions definiting themselves against the justice dep

they are stealing from boeing, general electric and everybody else. if you look at what they forced general electric to do or what they are trying to do with boeing. it is very, very sad that the companies are combing to it. they are trying to -- are succumbing to it. they are trying to get all of our technology so they can build other things, commercially or militarily they are stealing our technology. frankly, we have the weakest leadership ever. we have nobody that has a clue as to what they are doing. >> greta: the white house response the other day when this came out was something like we are not happy about it. i might say that tongue-in-cheek when i'm really mad about something. the way it reads in print it looks almost feckless like we are not lodging a complaint. >> our president is grossly incompetent. he doesn't know what he's doing. the world is laughing at us. it is very, very sad. >> greta: another question the president is on a bus tour going to three states that have reasonably good unemployment numbers, compared to the national averag

. >> general electric is structuring their business around where government is going.ing around high speed rail, solar, wind, general electric is winding up to get what government is handing out. >> the "new york times" so many tax breaks to g.e. thanks to their fierce lobbying that despite billions of dollars in profit, they will pay no taxes this year. once upon a time in america, companies got money from investors and created wealth by inventing things. >> 25 years ago my friends and i started with nothing but an idea. microsoft did that they started with nothing and created billions in shareholder wealth. but then -- >> microsoft is free to compete and compete aggressively but not unlawfully. >> the government sued microsoft for offering people free software. at the time,. >> microsoft spent exactly zero dollars on lobbying. they were busy changing the world. they were busy creating computer revolution and helping the internet revolution. for that, they got drawn into court. they spent millions, hundreds of millions definiting themselves against the justice departm

when the elevator is empty, the counterweight polls the elevator and it generates electricity by breaking. the same thing as in your toyota creosote or another hybrid car. -- prius or another hybrid car. here inside we have the ibtv drive. this is important for landing of the elevator. also, acceleration and deceleration, if there is instability in a car, can be reduced. >> so we have taken a ride in an antique elevator. >> this was an elevator built in 1913. >> we have checked out

other big name corporations such as wal-mart and general electric don't come close.pple soared on the popularity of ipad and iphones. >>> meteorologist lisa argen ahead with the forecast. >> it's nice and sunny out there right now. although, it's still cool across the bay. the sun is out in oakland. only 56, though. we look at 70s inland. still dense fog at the coast. let you know about a change in the weather coming up. >> all right, lisa. thanks a lot. while you might soon get your health insurance at the drugstore. >> how rescue crews saved a dog left inside a car where temperatures reached 135 degrees. >>> firefighters rescued a dog after the animal spent 90 minutes in a locked car. the couple parked their survivor and go in to the shopping center 1:46. mall security later discovered the dog inside the car with the windows slightly cracked but the time firefighters arrived the interior temperature of the jeep is 135 degrees. crews broke in the car and rescued that dog. no word if the own her have to pay for the rescue or face criminal charges. >> good reminder. e

general electric and home depot led stocks lower with losses of 4% or more. pfizer's second quarter profit, expectations and forecast was bright, nevertheless, shares fell over 4 1/2%. archer daniels midland dropped after promising expectations. coach lost 7% after reporting a loss in profits. also adding to the bleakness july auto sales rose only slightly, threatening to derail that industry's fragile recovery. european markets hit their lowest close in 11 months on more bank worries linked to greece's debt woes. finally after a six-week investigation police in new jersey arrested a 29-year-old woman who took breaks on the night shift at dunkin' doughnuts to provide sexual services to customers in their cars. >>> tempers flare in milwaukee, the sox beat the tribe and a bad throw with a fake steal. kevin durant on the court in harlem. >>> for the lucky few, thunderstorms will cool you off from this amazing heat. your forecast is coming up. >>> well, good morning. if you're just waking up, this is "early today." in sports for both the mets and the marlins it's

when the elevator is empty, the counterweight polls the elevator and it generates electricity by breaking. the same thing as in your toyota creosote or another hybrid car. -- prius or another hybrid car. here inside we have the ibtv drive. this is important for landing of the elevator. also, acceleration and deceleration, if there is instability in a car, can be reduced. >> so we have taken a ride in an antique elevator. >> this was an elevator built in 1913. >> we have checked out current elevator technology. >> these were installed in 1972, outside observation elevators. >> it is not standard because there is no tape that runs it. but shane we have seen the future of the elevator technology. >> i am going to push the access key which will access the voice. >> this has precise generation of power, which is important for highly acrilan the landing of the elevator. >> what happens next week and not know but it will be exciting. thank you for showing us this interesting technology. >>

general electric is still a partial owner of msnbc and nbc. .august, but it feels like october. all the candidates are on the road. even though the white house claims the president's bus tour isn't political. with me now democratic strategist steve mcman and republican strategist terry holt. ter roy, what do you think so far about the rick perry kick off particularly karl rove even a fellow texan, even though there's not been love loss between the perry and bush camps in texas. karl rove said on fox that it was not presidential the shot he took at bernanke saying that printing money is treasonous, and that it could get ugly for the fed chair if he came down to texas. is that the way texans talk? >> he sure brought a lot of spark and vigor to the campaign in just these few short days. that's kind of what the republican field needs. it needs somebody to challenge it, to upset the status quo. if you're mitt romney, you've got to be worried about rick perry because he brings that big state success story that's so important to the narrative. he also

other big name corporations such as wal-mart and general electric don't come close.pple soared on the popularity of ipad and iphones. >>> meteorologist lisa argen ahead with the forecast. >> it's nice and sunny out there right now. although, it's still cool across the bay. the sun is out in oakland. only 56, though. we look at 70s inland. still dense fog at the coast. let you know about a change in the weather coming up. >> all right, lisa. thanks a lot. while you might soon get your health insurance at the drugstore. >> how rescue crews saved a dog left inside a car where temperatures reached 135 degrees. >>> firefighters rescued a dog after the animal spent 90 minutes in a locked car. the couple parked their survivor and go in to the shopping center 1:46. mall security later discovered the dog inside the car with the windows slightly cracked but the time firefighters arrived the interior temperature of the jeep is 135 degrees. crews broke in the car and rescued that dog. no word if the own her have to pay for the rescue or face criminal charges. >> good reminder. e

general electric and home depot led stocks lower with losses of 4% or more.r's second quarter profit beat expectations and its forecast was bright. nevertheless, shares fell over 4.5%. arch daniels midland dropped 6 . 56 missing profit expectations. coach lost nearly 7% after reporting a loss in profits. also adding to the bleakness, july's u.s. auto sales rose only slightly threatening to derail the industry's fragile recovery. european markets hit their lowest close in 11 months on more bank worries linked to greece's debt woes. >>> finally, after a six-week investigation, police in new jersey arrested a 29-year-old woman who took breaks on the night shift at dunkin' donuts to provide sexual services to customers in their cars. >>> well, tempers flare in milwaukee. the sox battle the tribe and a bad throw with a fake steal. plus, kevin durant taking a few lessons on the court in harlem. your "first look" at sports is straight ahead. specialists, lots of doctors, lots of advice... and my hands were full. i couldn't sort through it all. with unitedhealthcare,