and around the world the real estate market will crash so k k r but because they live in the big house k k r o b belt out of gas by the state and everyone else would be suffering through another round of austerity exactly so let's look at another ad line here because you know our economies have also been wiped out as they even know here even bankers are losing their jobs there are fewer fewer jobs available but do you want to be one of these sort of renting those want to join the k k r class well they've got just the product for you k.k. ours goal to expand to ordinary investors k k r and company is seeking to appeal to individual investors and their advisors searching for yield as the private equity firm diversified beyond wealthy and institutional funders that's really what our long term goal is to be able to meet the demands in these that you have well this is a bell is being wrong that the bond market is. top because kohlberg kravis roberts k k r is packaging all of their long term interest rate risk into a new security that they'll make public and have the public buy into the public

k r class well they've got just the product for you k.k. ours goal to expand to ordinary investors k k r and company is seeking to appeal to individual investors and their advisors searching for yield as the private equity firm diversified beyond wealthy and institutional funders that's really what our long term goal is to be able to meet the demands in these that you have well this is no is being wrong that the bond market is. top because kohlberg kravis roberts k k r is packaging all of their long term interest rate risk into a new security that they'll make public and have the public buy into the public is now going to be buying into k.k. ours long term interest rate risk just at the top of the bond bubble this is a this is a brilliant sign that the bond markets about to crash anyone buying into this k.k. are scheme is going to lows seventy five eighty ninety percent of their investment can't pay aren't won't be insulated because they dump their risk into this vehicle that they're now pushing on to the public the regulators are of course implicated in this they let this go through

but the most credit worthy customers that's encouraged individual investors and companies including k k r and company to enter the rental market as central banks push down yields on debt to record lows right so this is a classic case of rent seeking you've got the central bank and the investment banks colluding they get interest rates down near zero so the jack the price up rents are going on or k.k. are predatory bankers in the mix it's the result of a completely. conceived monetary policies causing massive rent seeking and financial dislocation well it's also something that you've called before the jim crow laws so any no ordinary person the bottom ninety nine point nine percent of the population they are excluded from zero percent interest rates it looks great on paper wow zero percent interest rates around the world record low gilt wecker low yields on. treasury bonds is super we can go to the fed's discount window and borrow it zero percent well actually you can't unless you're a bank protozoan anshul jim crow laws using interest rates to discriminate yes if you are you know in the b

exexpeperirienencece l lifife e, asask k fofor r trtrananss adadapaptitiveve l lene. asask k fofor rss adadapaptitiveve l lene. why they have a raise your rate cd. tonight our guest, thomas sargent. nobel laureate in economics, and one of the most cited economists in the world. professor sargent, can you tell me what cd rates will be in two years? no. if he can't, no one can. that's why ally has a raise your rate cd. ally bank. your money needs an ally. >>> shot of the manhattan skyline. power outage on one end of the island and farther uptown, i say apparently because manhattan, new york city or new york region won't be back to normal for a while. because of that, just moments ago, new york governor andrew cuomo declared a transportation emergency announcing that from now until the end of the week all travel on public transit, buses, subways, any subways that are running and commuter trains will be free. the idea being to get people who need to come in to manhattan to work out of private cars and off the streets. we know a number of people have obviously lost their lives. 28 piece l

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k-mart opening at 8:00. best buy opening up at midnight. >> k-mart, walmart not the only ones opening tonight. sears and most toys r us open at 8:00.et stores in the area will open their doors at 9:00. as we mentioned, best buy opening at midnight. for those of you who just want to avoid the massive crowds, many stores already offering big discounts online. >> the other option of standing in line, getting online. >>> you might have to adjust your schedule for public transportation. bart, muni, caltrain, ac transit and sam trans all running on their sunday schedules today, so you might want to make that adjustment. golden gate transit buses also running on a holiday schedule today, but there is no ferry service. san francisco park commuters we should tell you are not enforcing those on thanksgiving. so free parking. exempt on this stretch of road that you're looking at live, the embark dare oh very quiet, but if you're going to be parking there, plug the meter please. regular meter enforcement citywide will resume tomorrow. >> not even a lot of joggers out there. >> the turkey trot. >> you have a chance to get out there and move whe

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year toys r us, walmart, k-mart all opened early after dinner thanksgiving night and the people lined up for it. in l.a., a helicopter flew overhead to catch this line of customers wrapped around a k also opened early thanksgiving night. shoppers out at the gilroy outlets. the coach store there was so packed a massive line just to get in. take a look at that. shoppers looking to get their caffeine fix just a few feet away also had to wait in a long line outside of starbucks. >>> possibly the hottest spot to shop this black friday is also the newest. here's a live look at the brand new paragon outlets in livermore this morning. people out and about in full force. shoppers have been prowling the stores there since 10:00 last night. some say they had to wait an extra hour just to exit the freeway. and another 40 minutes to actually find a parking place. our chopper captured this aerial footage over the parking lot this morning. still pretty packed, considering it's only 6:30 in the morning. our bob redell is at the outlets and will give us a check of the crowds coming up in just with 20 minutes. >>> the u.s. postal service teaming up with major retailers to start same-day delivery fo

k-l-m-n-o-p. mom: h-i-j-k-l-m-n-o-p. q-r-s. q-r-s.idays, decking the halls with christmas projects for the entire family. >> wreaths, christmas decorations, all you need is a drill and help from frank fontana. >> hey, frank. >> how are you? >> minus the glue gun, but we do have a drill. this is perfect for the office holiday party or budding chef in the family. you're going to be making a gifted -- >> we're making something? >> gifted oven mitt, stuff with utensils, get started, got the mitt, utensils. i thought this was appropriate. >> you don't like the ultramodern? >> mine is fine. gray, unattractive one. >> unattractive? i thought that was a cool color palette. wrap it with a bow, make it fun. do it with the kids. >> challenging too. >> got to put it over here. >> i didn't want it here. thank you very much. >> look how quick and easy, inexpensive, cool gift for someone starting culinary school or moving into a new home. >> i know none of those people. >> you guys are closet martha stewart types, i can tell. >> not me. not me. >> l

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k-l-m-n-o-p. mom: h-i-j-k-l-m-n-o-p. q-r-s. q-r-s. for a professional cleansing device? we do want to check the forecast with christina loren. >> good morning to you out there. we are tracking significant rainfall and isolated storms embedded. what i can tell you within the next three hour, the storm system will start to deteriorate. in fact, by 2:00 this afternoon, we'll be dealing with mostly clear conditions when it comes to showers. taking to you the forecast at 11:00, we're talking about power outages. i will be out there live in the rain. stay tuned for that. let's talk to mike about the drive. >> you're talk about the first of a premajor event here. the roadways are wet. the result of berkeley curve off to the right backing up as you're approaching. still slow across the bridge. here in oakland, one of the reasons why it's soupy and traffic conditions are slow. not good there or the peninsula side of the bay. look at that rain dropping down. back to you. >> okay, mike. thanks so much. >>> we'll have a look at the stories we're following today right after the break

k-l-m-n-o-p. mom: h-i-j-k-l-m-n-o-p. q-r-s. q-r-s. aunt sally's singing again.ide the recruiting center, protesters will gather together to support wikileaks. he is trying to avoid trial by claiming he has already been punished enough by being locked up alone in a small cell and having to sleep naked for several nights. manny is charged with the biggest security breach in u.s. history by sending the classified cables to the web site wikileaks. we will check the forecast and the roads after the break. [ female announcer ] what would you call an ordinary breakfast pastry that's been wrapped in a flaky crust stuffed with a gooey center toasted up all golden brown then given a delicious design? a toaster strudel. pillsbury toaster strudel. so delicious...so fun. faster than mandy can hang up on mr. monday. you hang up first. [ female announcer ] in just 60 seconds, you've got snack-defying, satisfying totino's pizza rolls. [ ringing ] it's on. let's roll. >>> welcome back. time is 10:28. getting a look at the live conditions at the golden gate bridge. these are high

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