hudson welcome back to the kaiser report thanks for me back max all right michael hudson in your most recent article you chronicle what can only be called for all out in the subprime mortgage practices at countrywide and yet president obama said last week that sub prime lending was moral but not necessarily illegal your thoughts it's really not involved as character to really lay down the gauntlet and say this is criminal conduct this is fraud as i say he's very much all about compromise and meeting in the middle it's interesting because if you go back a generation during the. the era of the first president bush they had a thousand f.b.i. agents investigating the savings and loan scandal there were a thousand s. and l. insiders who were convicted of felonies and a lot of big names including charles keating of keating five and lincoln savings and loan fame services substantial prison sentences we haven't seen that now we don't have a lot of f.b.i. agents on the case and most of what they're investigating is really low level really the small fish loan officers mortgage brokers folks lik

"don't go to the hudson river. go to the upland and work by gravity." and that's what new york city did. they first went to the hudson highlands, but 150 years later, it went to the delaware highlands. and really diverted the water that normally went to philadelphia to new york city. i don't think they anticipated that. narrator: the majority of new york city's drinking water comes from watersheds in upstate new york. a watershed is the area of land where water from rain or snow melt drains downhill into a body of water. mountains act as a funnel to feed rivers and lakes. and in this case, reservoirs. in the new york city system, water is collected and stored in 19 reservoirs, which can hold more than a year's supply -- over 580 billion gallons of water. almost all of the system is fed by gravity, without the use of energy-consuming pumps. valves open to regulate the flow into the 85-mile-long delaware aqueduct -- the longest tunnel in the world. at hillview reservoir... the water is partitioned into another giant tunnel system. where it travels deep be

i'm tom hudson. >> susie: and i'm susie gharib. from all of us at "nightly business report," thanks for watching. "nightly business report" is made possible by: this program is made possible by contributions to your pbs station from viewers like you. thank you. >> more information about investing is available in "nightly business report's" video "how wall street works". to order this dvd, call 1-800- play-pbs or visit online at shoppbs.org.

las autoridades mantienen la alerta roja por la actividad del volcan hudson en la region de aysen, antel peligro de una eventual erupcion... tras un primer sobrevuelo, un equipo tecnico confirmo que hay tres fumarolas en el crater, una de las cuales presenta componentes de ceniza... el hudson esta situado a unos 15 kilometros del oceano pacifico y alcanza una altitud de mil 905 metros sobre el nivel del mar... muy buenas tardes, feliz viernes... ya estamos a un pasito del fin de semana, la naturaleza quiere que nos quedemos en casa este sabado, asi que vaya pensando si quiere hornear galletas o alquilar peliculas... porque les adelanto que hasta nieve estamos esperando... actualmente en nuestra region 49 grados, 9 grados centigrados ya estamos experimentando temperaturas de un digito... la humedad en el ambiente de 44% y vientos desde el este a 7 millas por hora... observemos nuestro mapa satelital... para esta noche tenemos 100% probabilidades de lluvia y nieve tarde en la noche que prodrian continuar hasta el sabado... no se espera acumulacion para la noche y para el sabado menos de u

, el hudson estÁ a 15 kilÓmetros de ocÉano pacÍfico, un centenar de personas que viven en las falsa delo campeÓn de serie mundial de grandes ligas cardenales ganaron a texas. >>> ¿quÉ tal? muy buenas noches bienvenido al mundo de los deportes, criticados con poca esperanza de lograr cosas grande mÉxico vino de menos a mÁs y llego a la final enfrentando a una selecciÓn argentina por la medalla de oro, ambos equipos se habÍan enfrentado en argentina hoy los de casa eran los azteca, gonzÁlez, con el disparo corona atenciÓn al centro el golpe de cabeza ponce se lo perdÍa el jugador servÍa para anotar el gol que terminarÍa baÑando a mÉxico de oro y dÁndole la primera medalla de oro en los Últimos 12 aÑos, tenas calmÓ la marea que lo habÍa acompaÑado despuÉs de la mala participaciÓn en copa amÉrica. >>> estados unidos 86 medallas que cuba 2 en segundo lugar, 124 en total. >>> brasil, 128 y mÉxico en la corta posiciÓn con 120. >>> la fecha nÚmero 16 de torneo de apertura de fÚtbol de mÉxico tendrÁ el clasico entre atlanta y chivas rayadas de guadalajara el rebaÑo llega en la cima de la tabla d

hudson is that it is here for the long haul. we're proud to be the owner of this building and many others in the marketplace. we hope you continue longstanding relationships and bring your friends down here and these more space from us and our properties. the mayor and i would be happy to see that happen. thank you very much. it is a pleasure. welcome to our property. [applause] >> before i entered as the mayor of our great city, a well-liked and let everyone know we will have a brief q&a following his grief talk. if you have questions regarding today's announcement, please feel free to ask. if you have questions regarding anything else, please save that for later. i would like to thank the mayor for coming to our office today. it was very exciting and a huge deal. it means a lot. our mayor, edward lee. >> thank you. [applause] thanks for being here. you know, jeff, what you're talking about, and edward and victor, this is a reconfirmation that our policy in san francisco is really working. almost on a weekly basis. we have anot

hudson said that these books -- his point was quite simple. if you wanted to recover the original meaning of the constitution, in the debates of the state ratifying conventions, forget it. it was hopeless. the documents would not sustain it. now you have the editors of the documentary history of the ratification, of the constitution, which sent teams of editors into states. they went through one archive after another. they vacuumed basically pulled out copies of anything that referred to the ratification of the constitution. and they published with regard to the conventions, not just the journals, which are often interesting. they're probably better kept than jackson's on the federal convention in many cases. they only tell you emotions when they need who came, the bare bones business of a convention. thank god you can get them online now. and i did that. but they used them -- sometimes i wanted to see the whole thing, and i did it. dug them out. all right. they bring the journals, the published debates. that's kind of like forrand and then th

." >> both the british and the americans knew that whoever controlled the hudson river would probably. the best way to move a lot of people -- men, soldiers, supplies, provisions -- was by water, using ships and boats. so controlling the river networks in america was an important aspect in the war. >> massive fortifications were built and crammed with continental soldiers. >> show us your bayonets! >> all: huzzah! bayonets! >> to keep the british from traveling upriver and dividing the colonies, a giant, 100-ton chain was stretched across the hudson. these here are links from the original chain. each link weighs about 200 pounds each. >> yes, it did work. even though there was no attempts to get past the chain or to come up the river with british ships. it was deterrent to the british. >> in 1779, washington moved his headquarters to west point. it was here that america's most famous traitor tried to betray his country. his name has become the symbol of treason. >> i think that was benedict arnold. >> benedict arnold. >> that was benedict arnold. >> benedict arnold. >> benedict arnold

this is "nightly business report" with susie gharib and tom hudson. "nightly business report" is made possible by: this program is made possible by contributions to your pbs station from viewers like you. thank you. captioning sponsored by wpbt >> susie: good evening everyone. the u.s. job market is perking up: american businesses added more than 100,000 jobs in september. tom, that was much better than feared given all the talk about recession. >> tom: but susie, it's still going to take more than that to power up the stalled u.s. economy. the labor department said payrolls grew by 103,000 and the unemployment rate is still stuck at 9.1%. it turns out this summer may not have been quite so bad for jobs are originally thought. the government now says 57,000 jobs were created in august. zero was reported previously. >> susie: as good as all that sounds. some experts say it's not enough to keep the u.s. out of recession. suzanne pratt reports. >> reporter: 103,000 new jobs in one month is an okay number. but, it falls way short for the millions of unemp

. >> in the middle of the flag, you see the hudson river, and on the hudson river are two boats meant to represent commerce. atop the state seal is an eagle sitting on the globe. the globe shows the western hemisphere, and that was meant to represent the new world and new york's important place as a port city in the development of the new world. >> finally, the word "excelsior" encourages new yorkers to reach ever higher to achieve their goals. maybe that's why new york city has so many skyscrapers. just about everyone knows manhattan, new york, is called "the big apple," but did you know that manhattan, kansas, has a similar nickname? it's called "the little apple." with "flag facts," i'm scott. >> listen up. natalie has some great advice on how to "make the grade." >> as faithful viewers of "teen kids news," you know that over the past months, i've been giving tips on how to find a part-time job. after all, i have one. well, finding the job is only the first step. getting it is the next challenge. usually, the big hurdle is... the interview! okay, so, no need to panic. here's a few

and jennifer hudson was a no show at michael jackson's tribute.e was slated to perform but she tweeted there were major production issues, problem with that is she was reportedly already paid to attend so organizers were surprised by the no show appearance. >>> well we have had amazing video overnight caught on tape. look at the screen and a cyclist caught with a friend bike through south africa. look and listen. >> yeah. an antelope came out of nowhere and slammed the binger during the weekend competition. he is okay and we have to check that out again. bam. grin credible video to -- incredible video to show you including that a shootout caught on camera. what happened at the gas station when robbers tried to come in and take the money and run. what the clerk did in retaliation. >>> also, he is famous on the streets of seattle and man dressing up as a super hero to fight crime is walk away with handcuffs. >>> and a new study has been released on supplements. hear which ones are harmful and which ones are safe all coming up. . >>> you're watching

i am douglas fife, senior fellow at hudson institute. i am please to welcome you here to the final panel of today's conference which will be followed by ambassador michael warren's keynote speech to the conference. this panel is called the way forward, threat and opportunities. i would like to thank the foundation for the defense of democracy and hudson for sponsoring the contest. i would like to start this discussion which is focusing on the future with a few comments about the present. when charles dickens wrote of a moment of history being the best of times and the worst of times he was making a point that the world is not simple. there has never been a time regarding the u.s./is really a relationship when all the major features of that relationship were positive for negative. it has often been the case that the net was fairly clear. the relationship in the eisenhower years was not very substantial and was not warm. in contrast in the george w. bush years the relationship was multifaceted with a lot of private sector ties and in gener

my colleague tom hudson is on assignment. two tech titans out with two different earnings stories after the closing bell today. intel posted strong results and apple surprised investors with a rare earnings miss. this was apple's first miss since 2004. after back-to-back record quarters, apple posted results below analyst estimates. here are the numbers. it earned $7.05 a share. analysts were counting on $7.39. revenues also came in lower than expected, $28 billion dollars-- about a billion and a half below estimates. the problem? a drop in iphone sales as buyers waited for the new model that was launched last week. investors dropped the stock in after hours trading. shares tumbled more than 6% to $396. in the regular session, apple closed at a record high of $422.24. investors were buying up intel in after hours trading on its powerful profit picture-- shares were up as much as 5%. the chip maker earned 65-cents a share, 4-cents more than analysts thought. revenues surged 30% to more than $14 billion. it's the first time qua

this is "nightly business report" with susie gharib and tom hudson. is made possible by:rt" this program is made possible by contributions to your pbs station from viewers like you. thank you. captioning sponsored by wpbt >> susie: good evening, everyone. stocks are back in the black. the dow and nasdaq rallied. so tom, stock market investors can say they finally broke even for this year. >> tom: but susie the s&p 500 index just missed that distinction. still, it was an upbeat end to the week across the board. the dow closed the day up 166 points, the nasdaq added 47, and the s&p 500 was up almost 21 points. this week, the dow checked in with big rallies three days for a net overall gain of almost 5%. the nasdaq went five for five adding almost 8%. and the s&p 500 tacked on almost 6% on the week. >> susie: positive news about the consumer spending and retail sales also lifted investors' hopes. retail sales jumped in september as americans spent more on cars, clothing and gas. some analysts are worried it's simply a one month blip, not an encouraging o

this is "nightly business report" with susie gharib and tom hudson. "nightly business report" is made possible by: this program is made possible by contributions to your pbs station from viewers like you. captioning sponsored by wpbt >> susie: good evening everyone. high hopes on wall street today. u.s. investors bought up stocks after european officials rolled out what's seen as the most credible plan so far to prop up european banks. tom? >> tom: susie, the plan was rolled out today by the president of the european commission, jose manuel barrosa. he called on european leaders to act quickly and agree at a meeting in two weeks. here's what he's calling for. european banks would be required to temporarily increase their capital reserves. that extra cash should come from the private sector first, then from governments. and as a last resort, banks would be allowed to tap into the eurozone bailout fund. that plan was one reason the major stock averages moved higher. the other? word that the federal reserve might be open to another round of bond purchase

this is "nightly business report" with susie gharib and tom hudson. "nightly business report" is made possible by: this program is made possible by contributions to your pbs station from viewers like you. captioning sponsored by wpbt >> susie: good evening everyone. my colleague tom hudson is on assignment tonight. europe and the u.s. economy-- those troublesome issues pressured stocks today. there were conflicting signals today on how close european leaders are on a deal to solve the debt crisis ahead of a crucial summit this weekend. investors are concerned that talks between france and germany have stalled. and in greece, one of the largest demonstrations as people protested a new batch of austerity measures. the greek parliament takes a final vote on the plan tomorrow. also worrying investors? a pessimistic report on the u.s. economy from the federal reserve. its beige book survey of regional economies showed weaker conditions for growth. all that led to a negative close on wall street. the dow lost 72 points, the nasdaq dropped 53 and the s&p sli

this is "nightly business report" with susie gharib and tom hudson. "nightly business report" is made possible by: this program is made possible by contributions to your pbs station from viewers like you. captioning sponsored by wpbt >> susie: good evening everyone. stocks rallied today on a wave of optimism about the u.s. job market and some encouraging developments about europe's economy. tom, officials in europe are talking about propping up the fragile financial system by pouring money into european banks. >> tom: and susie, those hopes that the global economy might be recovering also pushed up oil prices. in new york trading, crude futures rose to $79.68 a barrel- - a $4 increase. it's a sharp rebound after months of declines. >> susie: there are pros and cons to higher oil prices. erika miller takes a closer look at what they mean for consumers and the economy. >> reporter: oil prices may be up sharply today, but it's important to keep perspective. crude is still within striking distance of lows not seen in over a year. at the pump, gasoline is

this is "nightly business report" with susie gharib and tom hudson. "nightly business report" is made possible by: this program is made possible by contributions to your pbs station from viewers like you. captioning sponsored by wpbt >> susie: good evening everyone. my colleague tom hudson is on assignment. a bad end to a good month. stocks fell sharply today, but october was a stellar month-- the best gains since 1987. here's a look at the numbers. by the closing bell today, the dow was down 276 points, the nasdaq tumbled 52 and the s&p 500 was off 31. but looking at the month, the dow was up 9.5% in october and the nasdaq and s&p each added 11%. erika miller looks at what investors can expect for the rest of the year. >> reporter: there were plenty of reasons to feel scared on wall street today. even stock investors got frightened, sending market averages down sharply. but relax, strategist andrew burkley says. today's decline is natural after thrilling gains last week. >> the market is just generally digesting things. and, i think as we've gotten p

this is "nightly business report" with susie gharib and tom hudson. "nightly business report" is made possible by: this program is made possible by contributions to your pbs station from viewers like you. captioning sponsored by wpbt >> susie: good evening, everyone. my colleague tom hudson is on assignment. amazon stunned investors with a big miss today. after the market close, amazon reported a 73% drop in quarterly earnings and the stock plunged as much as 20%. the company earned 14 cents a share, ten cents below analyst estimates, even though amazon reported strong sales of its popular kindle tablet. revenues surged 44% to $10.9 billion, but that was also below expectations. amazon also warned that the earnings outlook for the rest of the year will come in lower than previous forecasts. earlier in the day, 3m disappointed investors as well, saying sales growth will be sluggish in the current quarter. that warning from a dow component was one factor weighing down the blue chips. the dow tumbled 207 points, the nasdaq lost 61 and the s&p 500 dropped

this is "nightly business report" with susie gharib and tom hudson. "nightly business report" is made possible by: this program is made possible by contributions to your pbs station from viewers like you. captioning sponsored by wpbt >> susie: good evening everyone. my colleague tom hudson is on assignment. help is on the way for struggling homeowners. the white house rolled out an expanded plan to help americans refinance underwater mortgages. it's doesn't need a stamp of approval or a vote from lawmakers in washington. president obama announced the new program in las vegas today, and he's betting it'll a be a big win for homeowners and the economy. sylvia hall has details. >> there are still millions of americans who have worked hard and acted responsibly, paying their mortgage payments on time. but now that their homes are worth less than they owe on their mortgage, they can't get refinancing. >> reporter: the president is expanding his efforts to boost the nation's troubled housing market. so far, the home affordable refinancing plan, known as har