predicts iceland crisis mis rebound so the credit agencies that fail to see the icelandic economic collapse coming in two thousand and eight are now refusing to recognize this arrest or action of course this shows that it's a racket because iceland had a aaa rating up to four months before its collapse why because it was doing exactly what the banks tourist want this is part of the racket they they were loading up the country with what fourteen times its g.d.p. in debts and now because they've kicked out all the banks there is they're never going to get their any sort of rating back but in the real world when iceland held an auction recently two times oversubscribed great lesson for greece greece says oh my god if we default on our debt no one will buy our bonds again that's false look at iceland two times oversubscribed for their latest traunch of debt default now rebuild their economy but keep your sovereign to me your sovereignty what does go younger saying oh we don't think that the greek people should have their own sovereignty we think it should be self germany we want to run the enti

iceland is one giant unfiltered camel. how dare they! that's what they are. >> i have been to that country, it's a beautiful, beautiful country. i got nothing else. judith, is this the right way to deal with smokers. >>? -- >> if you are mayor bloomberg, this is your wish. as a former smoker who is soon to be a smoker again, partial if they pass this law because just to be ornery, i will try it again. this is the direction we are moving in. of course, it's going to happen. i want to know what's going to happen to the price of cigarettes, once you need a prescription for them. >> then your insurance will cover it and it will be a 5 co-pay. >> that's why it will never happen here for that very reason. anything people need, like the patch or chantix, insurance won't pay for it. they will never pay for cigarettes. >> that's so wrong. that it would be totally -- >> health care isn't enough in the toilet? >> i don't know. bill, should we invade iceland? >> yes! absolutely. but i worry about my lungs. and our troops' lungs for that matter. yeah

it's part of a ten year plan to drastically limit smoking in iceland. parliament has to vote on that bill. >>> one reason to hope for warm weather today, it is 7-11. to 7-eleven giving away slurpies. last year they handed out four and a half million of those drinks. it hopes to increase that number this year. free drinks are available until 11:00 tonight at nearly all 400 of the bay area 7 eleven stores. >>> a peninsula school damaged by fire overnight. the reason arson investigators have now been called to the scene. >>> and another shooting overnight on a popular east bay hiking trail. the neighborhood that's behind a crime scene again. >>> good morning. i'm jade hernandez. a fire in daly city destroys a classroom at a school. we have a live report straight ahead. >> reporter: overnight in pittsburg a popular east bay regional park is once again the scene

up argentina they say can make the comparison with iceland or argentina in iceland case they say well you know it was a crown i wasn't part of the euro greece is bound by the euro so how do you come back and talk about those concerns or those folks who say you can't really compare the the him well when greece joined the euro what or thought it was doing was joining a united europe and the idea of united europe the european union was europe was never going to go to war internally with each other again somehow the i.p.o. of european unity became hijacked to surrender to a financial oligarchy and turned over all of property to bankers the wealthiest one percent of the pyramid and roll back the west coast and here to out near feudalism greece didn't realize it was signing on to you know feudalism and that's what the european central bank is all about is not a central bank it doesn't do what a central bank does it doesn't finance government. social just like the bank of england new york federal reserve or u.s. federal reserve and other banks do. it simply stands by and forces government de

. >>> a high paid hollywood actor risks life and limb in iceland on an adventure show. >>> coming up, disappointing news for tiger woods. derek jeter gets another step closer to 3,000 hits. the fans who voted now one big leaguer has to face the music. you're watching "early today." >>> good morning, and welcome back to "early today." i'm lynn berry. officials say a member of a terror group in somalia who was secretly a interrogated for two months aboard a navy ship was brought to new york yesterday to face terrorism charges. in a case likely to reignite debate over the prosecution of terror suspects, the man said to have provided interrogateors with valuable information is accused of providing money and weapons to terrorist groups. >>> exxonmobil has been ordered rebury the pipeline that spilled oil into the yellowstone river to better protect it from external damage. exxon and federal officials say oil has been spotted 25 miles downstream, although department of transportation reports some found as far away as 240 miles. >>> california lawmakers have approved a bill that would make t

. >>> plus, a high paid hollywood actor risks life and limb in iceland on an adventure show.look at entertainment is straight ahead. ever wish ves didn't taste so vegetably? well, v8 v-fusion juice gives you a full serving of vegetables, plus a full serving of fruit. but it just tastes like fruit. and try our deliciously refreshing v8 v-fusion + tea. inside all of us is a compass and it always points true north. toward mountains of sand. toward new sights and sensations. toward the true bounty of nature so let's set our compass for traverse city and find ourselves. in the magic, and the moments of pure michigan. your trip begins at michigan.org. discover aveeno positively radiant tinted moisturizers with scientifically proven soy complex and natural minerals. give you sheer coverage instantly, then go on to even skin tone in four weeks. aveeno tinted moisturizers. >>> welcome back to "first look." i'm lynn berry. it's time for entertainment news. charlie sheen will get the last laugh at his game of one upmanship with juk laurie, the producer of sheen's former show. laurie is

raj and jessica will be back .s, [ kate ] if this icelandic mud could work wonders on my skin, imagine what it could do for my business. now, i just had to figure out a way to get it back to the states. so i called john, my citibank small business expert. [ john ] kate, how are you? [ kate ] he got me a line of credit and together we made it happen. now, my spa has more business than ever. ...and so does our cleaning crew. [ male announcer ] at citibank, we believe small business is a big deal. what's your story? citibank can help you write it. >>> it's thursday night. >> thursday night. >> so we officially just begin our holiday weekend now. >> what's it going to be? >> it looks warm. two nights ago it was record breaking rain. but good timing, it's going to be gorgeous outside, a little hot towards the trivalley. but the coast, 70s. great for barbecues this weekend. fourth of july also. for now fog free. i do think we're going to probably see the low clouds stay offshore along the coast. >> barbecue. the weekend b. >> let the weend beg.

iceland. and the irish goings the english banks are also not feeling very well. the. u.s. banks are still suffering from their exposure to toxic assets so within this area within the euro asian market the russian banks which is known through the crisis relatively well arch lee position. with cash to go out and spend money and buy up. relatively good assets been in europe and so this purchase my spurred by we'd be a international is a first step and we may see some of the commercial banks. following suit doing the same sort of thing. take a look now with the markets or oil is lower with investors concerned about worsening bad crisis in europe may slow the economy and we are in fuel demand turning to asia the hang seeing is flat to positive help a report showing home prices rose in china mainland stocks are leading the gains bucking the trend are europe related stocks japanese markets are closed for a public holiday. here in moscow yards he has eyes open in the red the my sex about to start trad

iceland. of the irish banks the english but it's also not feeling very well. the. u.s. banks are still suffering from their exposure to toxic assets so within this area within the euro asian market the russian banks which has gone through the crisis relatively well are actually in a position. with catch to go spend money and buy up. relatively good assets in europe and so this purchase by spurred by. international is a first step and we may see some of the commercial banks following suit doing the same sort of thing. take a look at the markets now oil is lower with investors concerned that a worsening debt crisis in europe may slow the economy and we all the fuel demand in asia the hang saying is climbing helped by o.-port showing home prices rose in china mainland stocks are leading gains meanwhile europe related shares are bucking this trend as the e.u. is struggling to deliver sufficient measures to cope with the sovereign debt crisis japanese markets are closed for a public holiday. two ho

iceland. the irish banks the english banks are also not feeling very well. the. u.s. banks are still suffering from their exposure to toxic assets so within this area within the euro market the russian banks which has gone through the crisis relatively well araceli in a position. with cash to go spend money and buy up. relatively good assets in europe and so this purchase by spur of national is a first step and we may see some of the commercial banks. following suit doing the same sort of thing. take a look at the markets shall we or oil is lower as investors are concerned we're seeing debt crisis in europe may slow the economy and weigh on the fuel demand. in asia the hang sayings on the rise resource for missouri leading the games japanese markets are closed for a public holiday. two hours ahead of the closing bell in moscow the russian markets ended in previous week mixed in volumes were down as many people were away on holiday and direction remained unclear. after a largely subdued end to

iceland. of the irish banks the english banks are also not feeling very well. the. u.s. banks are still suffering from their exposure to toxic assets so within this area within the euro asian market the russian banks which has gone through the crisis relatively well are in a position. with cash to go spend money and buy up. relatively good assets in in europe and so this purchase by spurred by. international is a first and we may see some of the commercial banks following suit doing the same sort of thing. taking a look at the markets now or oil lower with investors concerned about worsening debt crisis in europe and may slow the economy and weigh on the fuel demand of european stocks extending last week's losses of the stress test results have shown lenders may have to raise additional cash banks are leading the downside rally and energy majors are following the lead as crude edges low here in moscow the markets are tracking europe most of the blue chips trading in the red but d.t.b. is bucki

iceland. and the irish clients the english banks are also not feeling very well. the. u.s. banks are still suffering from their exposure to toxic assets so within this area within the euro asian market the russian banks which has gone through the crisis relatively well are actually in a position with cash to go out and spend money and. relatively good assets in europe and so this purchase of my spurred by of international is a first step and we may see some of the commercial banks. following suit doing the same sort of thing. taking a look at the markets now oil is lower with investors concerned about a worsening debt crisis in europe may slow the economy and way on fuel demand. in asia the hang seng is slipped into the red in the last hour of trading it's earlier games were helped by a report showing home prices rose in china and china mainland stocks were higher while europe related stocks came under pressure japanese markets were closed for a public holiday. here in moscow the markets open

iceland. and the irish banks the english banks are also not feeling very well. the. u.s. banks are still suffering from their exposure to toxic assets so within this area within the euro asian market the russian banks which has gone through the crisis relatively well are actually him a position. with cash to go out and spend money and buy up. relatively good assets in in europe and so this purchase my spirit of international is a first step and we may see some of the commercial banks. following suit doing the same sort of thing. it's been an excellent year so far for russia's second largest bank be reporting record profits of nine hundred twenty million dollars for the first quarter that's an increase of seventy percent on the same period last year and well above analysts forecasts provisions for bad loans have been with the bag benefiting from improved efficiency of its operations investors are still concerned about bts most troubled asset the newly acquired bank of moscow which is still heav

iceland. the irish banks the english banks are also not feeling very well. the. us bites are still suffering from their exposure to toxic assets so within this area within the euro asian market the russian banks which has gone through the crisis relatively well are arch really in a position. with cash to go out and spend money and buy up. relatively good assets in in europe and so this purchase my spirit by. international is a first step and we may see some of the commercial banks following suit doing the same sort of thing. the former boss of b.p. is considering a bid for two major russian oil firms sky news quotes people close to tony hayward saying he's interested in both ross nafta and bashing at the two companies are currently majority owned by holding company cases stemmer with stakes were thirteen billion dollars the deal is going to be a series of targets hayward is looking at for his investment vehicle belarus which he co-founded with billionaire nat rothschild hayward said down his b

. >> thank you for joining [ kate ] if this icelandic mud could work wonders on my skin, imagine what it could do for my business. now, i just had to figure out a way to get it back to the states. so i called john, my citibank small business expert. [ john ] kate, how are you? [ kate ] he got me a line of credit and together we made it happen. now, my spa has more business than ever.