court and we get a judgment and take ownership of the property so this house now is owned by the land bank we get those properties and we try to make a decision about what to do with them with with all these thousands of abandoned houses. that brings back a lot of memories and that heard that bell ring. really. funny because there are the sounds that i remember. i remember the church bell ringing and then i remember the factory whistle going you know the factory whistle saying it's time for the shift to star course you don't hear that anymore than that . and think. hey i you know what i'm doing aright. yeah i think so you know this house i lived in when i was a little boy oh yeah yeah yeah well welcome back oh yeah exactly. yeah. i knew that. this was a city of about one hundred ninety thousand people and we had eighty thousand people working for general motors so the odds are if you had a job in flint it was a job working for general motors for a job that depended on general motors only draining. we're. now i mean the problem we have is that the legacy of general motors what i'm left with

this this person will be the chairman of the genesee county land bank and will have to be responsible for its operations as well so not just understanding the fighting outside of the work but also understanding communities and how neighborhoods are stable how do. i basically have three choices one was six and continue what i'm doing now to stay in the political world and be a local policymaker and then maybe you know move on to some other office the other choice was to go work for the new obama administration and i was very interested and spent a lot of time talking to the to the people in the white house and you know was almost ready to make that move but i really felt like this this third option of running my own policy center was a better fit for me. don't you know you're like offending them you know i know you're under your do. not to scare you but there is a reality that foreclosure could occur and i would expect the share because we're pretty certain we've got things nailed out but with a new incoming treasurer the treasurer sets the house right and in my new work starting the b

the notion of a land bank rather than a land trust is that properties are brought in and moved out ofand bank's portfolio rather than permanent lip preserved. a community can gain control of low-value properties that may otherwise sit vacant and cause problems for surrounding neighborhoods. options available include physical rehabilitation. some period of rental. fail to new owner occupants or investors or in some cases demolition. such a strategy would help some communities deal with a short-term crisis and ultimately allow for the disposition of properties over the longer term. while few land banks surnl have the resources to operate at significant scale, the land bank model has shown some success and it could help many communities stabilize properties if used more extensively. however, the current infra structure for land banks is limited. first, not all states have passed legislation that will allow them. more technical assistance would be needed to scale these up to an adequate level. this approach appears to be an instance where relatively modest investments have the potential t

the notion of a land bank rather than a land trust is that properties are brought in and moved out of a land bank's portfolio rather than permanent lip preserved. a community can gain control of low-value properties that may otherwise sit vacant and cause problems for surrounding neighborhoods. options available include physical rehabilitation. some period of rental. fail to new owner occupants or investors or in some cases demolition. such a strategy would help some communities deal with a short-term crisis and ultimately allow for the disposition of properties over the longer term. while few land banks surnl have the resources to operate at significant scale, the land bank model has shown some success and it could help many communities stabilize properties if used more extensively. however, the current infra structure for land banks is limited. first, not all states have passed legislation that will allow them. more technical assistance would be needed to scale these up to an adequate level. this approach appears to be an instance where relatively modest investments have the potenti

right now there is a land bank where there are no tax is being made.se bunglers they came and -- bundlers came in with erroneous mortgages and now the city has to absorb all of that. i am sure i am not the only city that has this. how these land banks have skewed the tax base right now, since they are nonprofits. and i will take my answer off the air. guest: the land bank option is something that cities have turned to increasingly as a way to respond to the foreclosure problem. the big problem with foreclosures is you do not know who holds the high title or the deed and a land stays bacon. it is hard to transition that into a functioning and prosperous piece of property later. cities are taking control of these properties in order to maintain them and make sure they do not affect the property values of the communities and neighborhoods around them. in order to connect that property to the bank and other letter forms of investment, they can make sure that people come back to those properties and that homes are sold. not really about the tax as much as i

the notion of a land bank rather than a land trust is that properties are brought in and moved out of a land bank's portfolio rather than permanent lip preserved. a community can gain control of low-value properties that may otherwise sit vacant and cause problems for surrounding neighborhoods. options available include physical rehabilitation. some period of rental. fail to new owner occupants or investors or in some cases demolition. such a strategy would help some communities deal with a short-term crisis and ultimately allow for the disposition of properties over the longer term. while few land banks surnl have the resources to operate at significant scale, the land bank model has shown some success and it could help many communities stabilize properties if used more extensively. however, the current infra structure for land banks is limited. first, not all states have passed legislation that will allow them. more technical assistance would be needed to scale these up to an adequate level. this approach appears to be an instance where relatively modest investments have the potenti

but i am interested in nationalizing money we need a healthy competitive commercial banking establishment that does landed interest because if you don't charge interest because those time value of money you will there will never be any lending but banks cannot control the quantity of money which they absolutely do today ok over in the u.k. right now they're having a big debate whether they should split the banks up between the a speculative bank and the utility bank or the deposit bank in the relationship the u.k. banking industry is lobbying hard to know ring fencing as they call it they don't want any ring fencing is going to destroy their economy and in it sounds like what you're talking about is that there should be a split up of this function in the banking and when there should be a return to some form of banking which is strictly as a utility yeah absolutely that function should banks should merely be deposit banks and intermediaries between borrowers and lending where you really get into trouble is the fact that they can speculate on the market that's that only magnifies the problem of fractional

ayala land bank of america's stocks rose sharply after their top level management shake-up announcements. dozens of wild fires burning in texas continuing now. more than 1000 homes have been burned. at least two people have been killed. biggest fire right now is raging near boston. it is 30 percent contained. hot weather in store for the bay area today. we're looking at high 90s in land. public nudity in it san francisco has one supervisor considering a change to the law. will tran is live in the castro district with >> when you sit down, by all means put down a towel or piece of paper or something like that. he wants to make sure that everything is safe for someone who might come along after you and sit down. there are not changing anyone's lifestyle that does want to make sure everyone is safe. >> i think that respecting everyone use the parks and restaurants, it is a good idea to cover-up before sitting down. >> were you shocked when you first saw? >> it was definitely a double take when i was this san francisco. it is a part of the culture. our neighborhood is about expressing your c

also as large as construction company in tech around changed hands when cap landed been bank boards ninety five percent of the company from you in about two and of the wife of the four not mayor of moscow very bank took the remaining five percent because he's been valued at one point two billion dollars but given its debts the value of the deal could be about two hundred million but when it became the richest woman in russia with a free billion dollar fortune during her husband's stewardship of moscow. cough was fired last year by a president very of over lack of trust he often claims his wife's business success had nothing to do with his running russia's biggest city. bigger markets now will is with nymex and brant brown forty one cents per barrel forty one actually to be sacked that's ahead of an energy department report which is expected to show with a climb in stockpiles as tropical storm leaves threatening production the gulf of mexico and also hope that obama's speech will provide a new path to this we can only grow for support and. pleasure markets are rallying with an egg more than

growing so what what do they have wrong the problem with the knowledge this to me is that right now banks can land ten to twelve times of the money they actually have and that's if they follow the rules we found out in as a result of the two thousand and eight o'clock during congressional hearings here that in fact the big u.s. banks morgan and citibank were leveraged fifty two to one fannie and freddie were leveraged seventy two to one and goldman sachs was leveraged three hundred thirty three to one and about a year ago president obama got on t.v. and said oh you know what we just need to eliminate that nasty old reserve requirement altogether in other words three hundred thirty three to one is not sufficient for these banks only infinity will do now the problem is when you're leveraging money to that extent once the bubble pops. and you're also leveraging on the way down in other words every hundred every dollars dollar that comes out of the economy is multiplied then by that multiplication factor whether it's ten twelve fifty two seventy two or three hundred thirty three so we're going through

or the wall is mainly built on occupied land in breach of international law according to the international court of justice. for the palestinians in the west bank the wall results in further land loss to israeli settlers. but there are israelis helping the palestinians to resist the construction of the wall what we're doing here right now if you're trying to talk to the last you know and trying to stop joking church an admission from someone with money at the top of the wall right now there's about you about four or five kilometers into the west bank outside of its record interacting with an ice border the international court of justice in the hague has ruled that dish tactic to stop construction of this their years of ego if you will continue and continue building it right now in a village called nailing twenty five hundred about to be confiscated from the village. was probably house run. the treasury. of. which. i. now know not jonathan polak has participated in direct action in some demonstrations for many years several times a week like a fish so he has been arrested and specific injured like israel soldiers i i i i. i cut i know i. was lik

or the wall is mainly built on occupied land in breach of international law according to the international court of justice. for the palestinians in the west bank the wall results in further land loss to israeli settlers. but there are israelis helping the palestinians to resist the construction of the wall between doing here right now is trying to block the world you know and trying to structure their protection division to move from where we're standing at the top of the wall right now there's about three about four or five kilometers into the west bank and i'll try to further the recognized border the international court of just in the hague has ruled that dispatched the construction of this barrier to the ego but if you continue continue doing it right now when of huge cost nearly twenty five hundred you know about to be confiscated from the village. it was probably just one. the top story short. i. know that not jonathan polak has participated and direct actions on demonstrations for many years several times a week just so he has been arrested and physically injured by israeli soldiers i i i i. was such a god it was like there was a risk f

or the wall is mainly built on occupied land in breach of international law according to the international court of justice. for the palestinians in the west bank the wall results in further land loss to israeli settlers. but there are israelis helping the palestinians to resist the construction of the wall which we're doing here right now is trying to copy the last united trying to structures protection division to more from within and at the cost of the wall right now there's about be about four or five kilometers into the way the bank accounts artificial recognition recognized border the international court of justice in the hague has ruled that dispatched to finish the construction of fish barrier to the ego but it will continue continue building it right now we have huge cog nearly twenty five hundred dunam about to be confiscated from the village. tell us how did this one. the phrase what. i. now know about jonathan polak has participated and direct actions and demonstrations for many years several times a week just so he has been arrested and physically injured by israeli soldiers i i i i. i subtly was it was a risk for. the to find out

united nations in new york to ask and recognize of a state that would include the west bank gaza and east jerusalem. all land that was captured in 1957. many are against this move, and with the isolation of israel and the united states. we have this report. >> palestinian passport control of a sort at the bus station.

or the wall is mainly built on occupied land in breach of international law according to the international court of justice. for the palestinians in the west bank the wall results in further land loss to israeli settlers. but there are israelis helping the palestinians to resist the construction of the wall what we're doing here right now is trying to tap into was denied trying to stop your construction a good reason to more from what we're standing at the top of the wall right now there's about you about four or five kilometers into the west bank i'll try to fix rather interesting recognized border the international court of justice in the hague has ruled that dish tactic to the construction of fish barrier give ego if you will continue continued building it right now in a village called nataline twenty five hundred dunam about to be confiscated from the village. it was probably one of the top story short. he. i. know. jonathan polak has participated and direct actions on demonstrations for many years several times a week just so he has been arrested and physically injured by israeli soldiers i i i i. cut i think i was the guy. was like oh my

of the wall is mainly built on occupied land in breach of international law according to the international court of justice. for the palestinians in the west bank the wall results in further land loss to israeli settlers. but there are israelis helping the palestinians to resist the construction of the wall with redoing to right now we're going to go to war and trying destruction joe construction i just would listen to more from where we're standing at the top of the wall right now there's about here about four or five kilometer if into the west bank i'll try to fix frederick i can recognize border the international court of justice in the hague has moved to dispatch to fish the construction of this barrier to the bow but it will continue continue building it right now we're in a village called nailing twenty five hundred dunam about to be confiscated from a village. that was partially. the story short. i. now know that not jonathan polak has participated and direct action in some demonstrations for many years several times a week. just so he has been arrested and physically injured like this right his soldiers i i i i am i putting was the next

or the wall is mainly built on occupied land in breach of international law according to the international court of justice. for the palestinians in the west bank the wall was salts in further land loss to israeli settlers. but there are israelis helping the palestinians to recessed the construction of the wall which we're doing here right now we are trying to patch up the walls to trying to stop protection i did reach into more from where we're standing at the top of the wall right now and there's about you about four or five kilometers into the way the bank i'll try to fit right into actually recognized border international court of justice in the hague did dispatch pictish the construction of a barrier as you go but if you know continue continue building it right now where you have huge cold nineteen twenty five hundred dunam about to be confiscated from the village. that was one. strike short. thanks . thanks. jonathan polak has participated and direct actions on demonstrations for many years several times a week. has been arrested and specifically injured by stray his soldiers i was i i i thank. god. thank god. for. things like oh my god m

the confiscation of the palestinian land under construction and new settlements in various areas of the west bank, particularly the arab part of jerusalem. this is through the accelerated construction of the wall that is eating up large tracts of farmland. -- our land. this court -- and destroying the family life and thousands of others. the occupation continues to refuse -- to build in an occupied east jerusalem. this is a multi-pronged policy of ethnic cleansing aimed at pushing them away from their homeland. however, it has reached the point where orders have been issued. their city of jerusalem. the occupying power continues excavations that threaten our whole the state and military checkpoints prevent our citizens from gaining access to mosques and churches. a ring of settlement and with the wall that would separate this from the rest of the people. the occupation is racing against time. this is on the ground. they undermine the realistic potential for the rise of the state of palestine. at the same time, the occupying power continues to impose an target palestinian civilians. airstrikes, ar

that would enclose the west bank, gaza, all land that israel captured in 1967. netanyahu has offered to hold direct talks with the president of the palestinian authority. peace talks between the two sides broke down a year ago. from new york, here is our u.n. correspondent. >> to the middle east is dominating the agenda this year. the main issue is this palestinian bid for u.n. membership. they will submit that on friday. israel and the americans oppose this. that sets the scene for confrontation. there is a lot of activity to try to discourage or neutralize the move to try to come up with a formula to get peace talks going again. the palestinian president is in a series of high-level meetings. he will be seeing the british foreign secretary on wednesday morning. netanyahu was also asking for a meeting. the palestinians, from what we are hearing, are saying they're determined to go ahead with their decision on friday. that is what they have told the secretary-general. most of this is going on behind the scenes. what is happening officially is the meeting on liby

nations of the world are making decisions of what is happening to the land that god promised to the jewish people. it is known as the west bank, really it is the judea and samaria land that goes back 4,000 years ago when abraham promised to it his desen dents. >> what are the biblical implication and where does benjamin netanyahu fall in all of this. i would think he has a lot of pressure. >> i would think so. he is getting pressure from all sides. president obama put pressure on him to stop this legislation in congress that would defund the palastinians. that is one thing from the united states from the quote unquote international community, the quartet. he is getting pressure within his own political party. if he goes too far, he threatens his own coalition. the left siding with the palastinian, what they perceive is peace. he is trying to hold the line. certain things people may not see, hamas controls the gaza strip and half the population of the palastinians. they are a group dedicateed to the destruction of israel. they have been glorifying terrorists that have killed jews around the land. these are things he has been d

promises the entire land of israel including the west bank the occupied territories to the jewish people in perpetuity but that same good local theology makes very clear you see that in the bible you see it in the prophets and the torah itself that how much of that land we will be living at any given point in history will expand or contract according to our moral behavior and so there may be a paradox here at the very acts that are necessary to continue the occupation of the wherry ones that make as morally unfit. to be there. as holy as the land of israel is human life is more holy so if you can prevent bloodshed by territorial compromise as painful as it is to give up part of. the places those locate your history and to god's promise to to the place where kings and prophets want its human life. with hands down trumps it's so much more important. and need. new. life and have been but. the majority of the posting and struggles is a civilian it's an insurrection. when a child throws a stone at a soldier and it's justified. when you wage a war against a civilian population with inaudible i