world dominance to talk about just how relevant it is because dr hudson you've mentioned because you know capitalism gangsters used to run the casinos we just saw a little movie clip of it is it any coincidence that gangsters run them again in the sense of the banks well that's what franklin roosevelt when that term bench. is their idea of free market is a market free from consumer protection free from anti-fraud laws and this he said it's kind of it lasted for a small you know the sort of sort of ironic that they're using they're claiming adam smith in the play.

about that is left out of the mainstream conversation for example getting to today's guest michael hudson he recently quotes joseph stiglitz nobel prize winning economist in his latest article in this article talking about the u.s. government's vast transfer of money and public debt to the banks as a privatizing of gains and the socializing of losses it is a partnership in which one partner robs the other now this is the kind of thing we hear and talk about all the time but why does it seem to be falling on deaf ears i was just at davos i watched bank c.e.o.'s defend their practices and the form of capitalism that continues to pad their pockets with cheap cash courtesy of zero percent interest rates set by the fed with interest paid on excess reserves mind you which they keep at the fed we heard this. tory policy too. yeah i bet you will jamie dimon i'm sure you're happy to leave that up to the fed brian moynihan too he's c.e.o. of bank of america said boom and bust cycles are just part of the capitalist system this is just what we have to deal with meanwhile there continue to be protests

and hudson said that corrupts the record. but the last reason, and i think the reason which is probably the most damning is they were politically biased. and that is with one side in these debates, the federalists who wanted a constitution ratified who often paid the shorthand and to do their work or own the newspapers for which they wrote, and who provided the subsidies that allow these debates to be published here quite? because they understood that they believed very much in the eloquence and intelligence of the speakers. and they thought that they would be giving, are giving to people in other states that could be? using a behalf of the constitution. if they had less interest in publicizing the arguments of those who criticize the constitution. and the worst example is the published debates of the pennsylvania ratifying convention which happens to be the first to be but not to be the first to ratify. but it includes only the speeches of the two leading specials. one other critics of the constitution interrupted the spea

> tom: tores across @americ we look at who's winning and h @it's "nonic ghretlc y 2bunoc rs noc m hudson.@ business repo@rt" re@noc rec 2ívíac rec 2ívíabvbv no c recac pt2ioningóvc rec 2óvv bv susie: good e@veningno e@noca progress in fits and s c resels today, and that l@e coo t to nork on three key it c 2permanóveníat bvbainancialc v message@ topnoc rec 2óv crisisv 3/4úvíabv on the after droppingading,@ s&p @downno 3c arendc c2hanoc recv >> susieons is the impact seriousndividual nations in theook at the iss@ues >> reporter: in@ brussnoelc s,re ac lm2ospe'2 bvre 2the úvu.íak.bv and the czech rp debt-r@idden nogrc eere 2h@noc rec ía c cing a 14.no 2paymúveníat bvdue in maríay bvo help, but itet cuts in return.@ manottc hirejsc s2ay úvlding a hard, danoc rec 2úvía2 the european econo rather the imbalances@nd debtorn europe thathis crisi@s, notno tv t of@ work noanc d redic st2racv >> if you can grow an cnoanc v e big@no@noc rec 2hey grew out of it. noc atretrc ac2tive savolíautbvo >> reportec st2itute avsaíaysbv eurozone fiscal hou@se@noc rec 2@noc recv on the monetary side, but inadequa

win is the hudson notice required? what's presume for the sake of argument that the union had cost overruns, labor salaries went up, printing costs went up, not for lobbying but generally there was a 10% increase in their expenses across-the-board because serious contract is for evolves and required. would you require effective notice in that circumstance? >> yes, justice sotomayor to really believe that a new hudson notice is required whenever there is a material alteration in the obligations that are imposed upon nonmembers. the value of this -- >> articulate that again. >> material increase in general terms and the obligation imposed upon the nonmembers. in in this case i don't think anyone would dispute the 25%. >> material new assessment. we are talking about money here, right? >> yes, we are. >> without regard to the reason for the assessment? >> i think as a matter of principle i would have to say yes mr. chief justice. the nonmember, well i'm not sure it may simply be repeating justice sotomayor's question but

jennifer hudson is with us. >> i'm going to call hoda. is it time to bring everybody up to date on the celebrities? call me later. >> all right. ♪ >>> it's hard to believe eight years have passed since jennifer hudson first came into our homes on "american idol." while she didn't take the crown in that competition, it wasn't over. it was only three years later she went home with an oscar. and right after that a grammy. then recently a baby. >> yeah. biggest production of all, of course, is that baby boy that caused jennifer to turn her focus on her health. we'll get to that in a second. first, let's take a look at how it all began. ♪ >> this is how the world first met jennifer hudson. >> jennifer, see you in hollywood. >> thank you so much. >> congratulations. >> back in 2004 on "american idol," she wowed the judges and america with her voice. ♪ her journey on the show was short lived when she was the sixth contestant voted off. >> the lowest number of votes, and that person is jennifer hudson. >> but her path to stardom was just beginnin

lawrence and the hudson river valley. and the fort was originally built by the french and, of course, it would be a scene of conflict. on lake george to the south, the british built a fort in 1755 after conflict there with the french. and in the early conflict in this particular theater, the english only had the assistance of the mohawks. the french had the assistance of many native peoples. besides the help of their own french colonials, the french canadians, who had ha very important role in this campaign. between 1755, 1758-'59 to the end of the war. this is a map from the massachusetts historical society again done by a british engineer of the location of the fort. let me just go back very briefly. and what you see here is a lake. and the fort is here. and the map also indicates the route that the french would take for their attack. but they're not just going to attack a fort head-on. even if it's made mostly of logs and earth, they don't have the stone just to build a stone fort in the wilderness, so-called wildernes

one of them, senior and former foster care child, shawn hudson. path to success has not been easy. >> it was always this thought in my head to just give up. >> reporter: hudson writes about growing up with his biological family before he was put into foster care when he was 11. he writes about a difficult childhood that included an absent father who spent time in prison. but it wasn't until after he was removed from his family for the second time at age 15 that he hit rock bottom. in the course of your life, what has the lowest point been for you? >> i was constantly switched around to different group homes and it was just that feeling of where am i going from here? am i going to keep moving around to different group homes? what is the point of me even trying? >> reporter: and then a life line. social worker alice westary entered his life looking past foster care stigmas and opening hudson's eyes to his future. >> she didn't judge me or look at me differently. she saw me as a regular child. >> reporter: and inspired him to go to college. but it to

in october 2008 he allegedly shot and killed hudson's mother, and brother inside a chicago home.ee days later the body of hudson's 7-year-old nephew was found. >>> you've been searching and found the perfect car at the price you want. or so you think. this morning scam alert, signs to watch out for to make sure you don't end up with lemon. and the queen of talk taking a passion for reading around the world where oprah and her crew wound up and the crowds they drew. >>> also, after 7 years, is the super couple of heidi klum and seal now going their separate ways? you are watching good morning maryland. the 6:00 hours returns in a bit. we will get you a thoughts from steven tyler and the national anthem. back in a second. okay, team! after age 40, we can start losing muscle -- 8% every 10 years. wow. wow. but you can help fight muscle loss with exercise and ensure muscle health. i've got revigor. what's revigor? it's the amino acid metabolite, hmb to help rebuild muscle and strength naturally lost over time. [ female announcer ] ensure muscle health has revigor and protein to help

i'm tom hudson have. a great evening, scsi. >> susie: hope you have a great night too, tom, i'm susie gharib. thanks for watching. we hope to see all of you again right here tomorrow night. >> this is nightly business report with susie gharib, and tom hudson. nightly business report is made captioning sponsored by wpbt captioned by media access group at wgbh access.wgbh.org

i'm tom hudson have. a great evening, scsi. >> susie: hope you have a great night too, tom, i'm susie gharib. thanks for watching. we hope to see all of you again right here tomorrow night. >> this is nightly business report with susie gharib, and tom hudson. nightly business report is made captioning sponsored by wpbt captioned by media access group at wgbh access.wgbh.org vo:geico, committed to providing service to its auto insurance customers for over 70 years. more information on auto insurance at geico.com or 1-800-947-auto any time of the day or night.

jennifer hudson's new book i got this is exposing hollywood secrets...y jennifer hudson was supposed to play the lead role in precious.. she turned it down because she wanted to try a rols that had nothhng to do with her weight... well we bet gabby sidibe is happy about that huh? instead jhud went on to play carrie bradshaws assistant in sex and the city... she doesnt have to worry about playing roles based on her size anymore... she's lost 80 pounds since her role on dreamgirls... this week'' celbrity fashion faux pas... is known for his wild style.. after all jeremy scott is a stylist... we love the midas touch as much as the next person but to mix it with a suit jacket...shinglee leopard sheos and a mohawk... there's nothing styllsh about this get up... the weather should be pretty nice today... but rain is on the way. will be back to tell us when we can expect the rain. rain.right now ... more of your purple pride.randy sent innthis picture... ravens for t! tebow! bonnie from halethorpe....sent in this picture of her littleeravens cheerleaders.that's

gets it up to hudson. he lays it in. tech up by seven. hudson had 16 in the first half.econds of the half. a defensive lapse on the inbounds. you can't do that. take another look at this thing. john henson, wide open for the dunk. north carolina down by five at the half. roy williams apparently channeled his inner knute rockne at halftime because the second half, all heels. harrison barnes with the steal, drains the pullup jumper. he had 27. north carolina goes on a 19-0 run. and they win easily, 82-68. >>> tony bennett's 17th ranked virginia cavaliers taking on georgia tech. first half. evans beats the entire tech defense. take another look at this thing. evans not a big dude or big scorer but this is a nice move. puts virginia up 25-13. second half, virginia up by 19. the pass to mike scott who backs his man down. then a nice little fadeaway. textbook for scott. he's been their best player this season. he had 18. later in the second, atkins anticipates the pass. and finishes nicely. virginia runs all over georgia tech, 70-38 was the final. blowout city there. >>> eli m

hudson was sentenced to 205 years to light. >>> and dramatic developments in the domestic abuse case involving the san francisco sheriff mirkarimi. robert waggenev no longer roapting the sheriff, and today, a witness described as ross mirkar-i admonitions as going ballistic on new year's eve and the 2-year-old son saying "daddy made a boo-boo on mommy's arm." >> the time that the victim is recanting or refusing to testify, so an expert can come in and explain why that might happen. >> mirkarimi is due in court tomorrow to ask the judge to change the order forbidding him from seeing his family. the sheriff's new attorney is said to be lidia siglich. >>> the future of the 49ers in the south bay could be headed to court. robert handa is live in santa clara with the voter drive to try and stop the nfl team before they arrive. robert? >> reporter: we're at the stadium site, and you can see that they are already calling it home, and they are ready to break ground here but at an emotional city council meeting last night, they made it clear that round two in the fight is coming up for the op

. >>> checking headlines from around the nation, the man accused of murder three of jennifer hudson's family members will go on trial in april. in october 2008 he allegedly shot and killed her mother and brother inside their chicago home. three days later the body of her 7-year-old nephew was found. he is the estranged husband of hudson's sister. >>> we may find out what caused a two alarm fire in massachusetts that broke out sunday morning. seven boston university students lived in the house and they will need a new place to live now. fire officials say two residents jumped from the second floor window to escape the flames and one victim was critically injured. >>> major recall to tell you about involving a popular car. what is forcing keya to recall almost 150,000 of its cars. >>> and the look of the modern family changing in america? we are not talking about the abc show but what it looks like in your house and what a new study suggest. all that straight ahead when "good morning maryland" continues. thank you for starting your day off with us. start with the essentials. then mix in

jennifer hudson is with us. >> i'm going to call hoda.ription treatment...for inadequate or not enough lashes. now with latisse®...my lashes are longer...darker, with more than double the fullness in 16 weeks. if you are using or have used, prescription products for eye pressure problems, use latisse® under close doctor care. latisse® use may cause increased brown pigmentation of the colored part of the eye which is likely permanent. eyelid skin darkening may occur which may be reversible. if you experience eye problems or have eye surgery, consult your doctor. common side effects include itchy eyes and eye redness. my lashes changed as i got older. now i use latisse®. find a doctor at latisse.com today. mom, we're dying. no you're not, you're just hungry. make some totino's pizza rolls. we don't have any! front... left, totino's. [ male announcer ] well done mom! less drama, more fun! totino's pizza rolls. [ male announcer ] what if we could keep enough plastic waste to cover all of manhattan out of landfills each year? the equivalt of 1

i'm tom hudson. goodnight everyone and have a great weekend. you, too, susie. >> susie: good night, tom. i'm susie gharib goodnight everyone. we hope to see all of you again on monday. "nightly businreport" captioning sponsored by wpbt captioned by media access group at wgbh access.wgbh.org

this is "nightly business report" with susie gharib and tom hudson. "nightly business report" is made possible by: captioning sponsored by wpbt >> susie: good evening everyone. investors turned cautious today on worries about the three e's: the economy, europe and upcoming earnings. tom, stocks did little on this second trading day of the year. >> tom: susie, it was a big contrast from yesterday's strong rally. investors were encouraged by today's good numbers on factory orders and auto sales, but stocks pulled back on concerns about the financial health of european banks. the leader, in case you are wondering, is energy with an expected profit gain of 24%. on the flip side, three industries are expected to post negative growth-- materials, telecom, and utilities. so, with all these cross- currents, what's an investor to do? some analysts say the biggest mistake is to focus exclusively on earnings when picking stocks >> dividends is really the biggest theme of 2012. investors are looking for companies that prove out those earnings by paying out a port

champlain was extremely important in the war as a corridor between the colony of new york and the hudson river valley and canada. and it could be an artery of invasion either moving northward or southward as we'll see at various points in the conflict. and, lastly of great importance was the st. lawrence river, the great river of canada. beginning with its source in the great lakes and, of course, its course downstream moving northeasterly all the way to the atlantic. and quebec being the main french fortress and most powerful single point in canada was to be very significant in the conflict. so let's take a look at a modern map and get a sense of this geography. now today beyond discussing the military history i'd like to give you a little sense of the human dimensions of this conflict. and the various peoples and interests involved. the struggles, the sufferings which were great, the hardships, not least of the acadians. they were largely deported and expelled from their native land by the british during the conflict. we'll also talk about a battle that occurred in the lake champlain c

this is "nightly business report" with susie gharib and tom hudson. "nightly business report" is made possible by: captioning sponsored by wpbt >> susie: good evening, everyone. the u.s. job market kicks off the new year with new vigor. tom, not only are there more jobs for americans, but the unemployment rate dropped again, a sign that american businesses may be more willing to hire. >> tom: susie, the december jobs report underscores an economy that is picking up and faster hiring means consumers could have more money to spend. u.s. companies added 200,000 jobs to their payrolls last month more than expected and the fourth biggest monthly gain of 2011. the biggest surprise: the unemployment rate fell to 8.5% from an upwardly revised 8.7% in november. investors shrugged off the good economic news. the dow lost 56 points. the nasdaq added four and the s&p lost three points. suzanne pratt takes a closer look at that december jobs report and the outlook for hiring in 2012. >> reporter: 8.5%. that's an unemployment rate the u.s. hasn't seen in nearly thr

i'm tom hudson. goodnight everyone and have a great weekend. you, too, susie. >> susie: good night, tom. i'm susie gharib goodnight everyone. we hope to see all of you again on monday.rtpore" "nus binrepo captioning sponsored by wpbt captioned by media access group at wgbh access.wgbh.org vo:geico, committed to providing service to its auto insurance customers for over 70 years. more information on auto insurance at geico.com or 1-800-947-auto any time of the day or night.

. >> also this morning, we have jennifer hudson in the house.he's opening up in a book about her rise, her battles with weight and also about motherhood. we'll talk about that coming up just ahead. also we'll head to buckingham palace to see how the duchess of cambridge plans to celebrate her birthday today. >> is this photo appropriate for a high school yearbook? the all-student editorial board at one colorado high school said "no" and rejected it. the 18-year-old who submitted the photo is upset about it. we'll talk to her and her mom coming up. >> let's begin with developments in the search for a maine toddler who vanished from her bed more than three weeks ago. we have more from waterville, maine, on the story. >> reporter: little ayla reynolds's father is keeping a low profile but over the weekend he was out, visible, trying to find his daughter and responding to tough questions. >> just trying to keep ayla's face out there. >> reporter: justin dipietro was front and center passing out flyers hoping for a break in the disappearance. >> i wo

tom hudson is off tonight. stocks were in rally mode today on high hopes for a positive earnings season. here at the big board, the dow gained 70 points. the nasdaq surged 26 points. the s&p added 11. that's the fifth up day for the index in the last six. the recent move higher in the stock market has some investors questioning their love for bonds, in particular u.s. treasuries. even though the first big bond auction of the year met with strong demand today, there are concerns bond investors may not fare as well in 2012. suzanne pratt reports. >> reporter: the outlook for treasuries this year is something of a mixed bag, but that hasn't stopped people from coming to investment offices like this one to pour millions of dollars into bonds. it's no wonder investors are still enamored of bonds. last year, treasuries returned about 10%, beating corporates and stocks. after all, u.s. government bonds have long been regarded as a safe haven. for that reason, some experts predict treasuries will be a good bet this yea

this is "nightly business repo" with susierib and tom hudson. "nightly business report" is made possible by: captioning sponsored by wpbt >> tom: good evening and thanks for joining us. christmas has come and gone, but today, wall street was still talking about holiday sales. susie, there was a lot of worry about how much consumers would shop in november and december. >> susie: tom, worries about the economy didn't keep americans away from one of their favorite pastimes, shopping. for many of the nation's retailers, sales turned out better than they expected. the thomson-reuters sales index of 22 retailers rose 3.4% in december. that's a bit above expectations and better than last year. >> tom: still, as erika miller explains tonight, the strong sales came at a hefty price. >> reporter: 50%... 60%... even 70% off. retailers know many customers won't even look at merchandise unless there's a "sale" sign. >> the customer is demanding "sale," and they are only buying when they do see "markdown" and "clearance". >> reporter: kohl's and j.c. penney l

this is "nightly business report" with susie gharib and tom hudson. "nightly business report" is made possible by: captioning sponsored by wpbt >> tom: good evening and thanks for joining us. susie gharib is off tonight. the stock market rang in the new year with a new push higher. positive economic data on the u.s. manufacturing sector fueled the rally. but it was sparked by unemployment falling to a two- decade low in germany, and china's services and manufacturing sectors rose in december, despite worries about a chinese slowdown. the major u.s. stock averages logged big gains. the dow gained 179 points, the nasdaq added 43, and the s&p 500 was up 19.5 points. trading volume picking up steam as we come off the holiday-- 853 million shares moving on the big board and 1.7 billion on the nasdaq. the pick-up in share prices and trading volume comes as many smaller investors continue on the sidelines. suzanne pratt reports. >> reporter: it's cleanup time in manhattan from this weekend's new year's eve celebration. but today on wall street, the partying

this is "nightly business report" with susie gharib and tom hudson. "nightly business report" is made possible by: captioning sponsored by wpbt >> tom: good evening and thanks for joining us. seven people were charged today in a $62 million insider trading scheme. susie, they include a top hedge fund co-founder, financial analysts and a former dell employee. >> susie: tom, federal prosecutors called it "operation hedge fund." today's charges are part of an aggressive campaign by the u.s. attorney's office in manhattan to crack down on insider trading. these are the most prominent arrests since the conviction last year of hedge fund heavyweight raj rajaratnam. he's now in prison serving an 11-year sentence. >> tom: what's interesting about this case is nearly all of the money was allegedly made off a single trade in dell stock. erika miller has details of the case and those accused. >> reporter: preet bharara is one of the nation's top federal prosecutors. the way he sees it, insider trading is rampant and routine on wall street. he called today's arre

date has been set in the jury selection of a man accused of killing several members of jennifer hudson's family. edward lawrence has those stories and more in this week's look at entertainment. >>> jury selection is set to begin april 9th for the man accused of killing members of jennifer hudson's family. the singer's mother, brother and nephew were shot in chicago of 2008. her estranged brother-in-law is charged with the murders. >>> lady gaga is getting her message out to young people. the singer's launching her born this way foundation next month at harvard university. the organization will work with young people on issues like antibullying and self- confidence. >>> tomorrow is a big day in tinseltown when hollywood wakes up early for the oscar nominations. anywhere from five to ten films could be nominated. some of this year's favorites, meryl streep and the iron lady. >> i have done battle every single day of my life. >> george clooney for the descendants. >> don't ever do that to me again. >> a handful of potential nominations for the help. >> hi, you've reached the shaw res dens.