>> that's not the objective, larry.ervices to citizens, financial stability and grow the city of detroit. one of the tools in the too many box could be bankruptcy. that's not the place to go to start the constitution, and one of the things i'm excited about, is getting kevin orr on board. one of the best in the country on? this field. a top person to come do the work. i'm excited to have him join the team. it's about all hands on deck, including the mayor, hopefully the city council, will work together to solve the problems. >> mayor, mr. orr, welcome. your reputation as a great bankruptcy lawyer precedes you. i wanted to ask, how tough will you have to be? talking salaries, talking pensions, talking health care benefits, how much will you have to cut to get this job done out of bankruptcy? >> well, hello, larry. and thank you for that compliment. the really is, larry, this is going to be a data-driven process. i had get boots on the ground. governor's team will do their analysis, and hopefully not just the mayor who st

>> well, it's real easy, larry.had some pressure because of all the fiscal deals that have happened earlier this year. if the senate democrats did not pass their own budget, well, they'd lose their pay according to the fiscal cliff deal. so they're deciding to pass a budget or at least try to propose a budget this year. but i don't expect it to go anywhere and never reach the president's desk. >> we may never be able to read it. robert costa, appreciate it very much. joining us from capitol hill is republican senator and budget committee remember ron johnson, who by the way was in the deficit dinner diplomacy meeting with president obama last week at the posh jefferson hotel. senator johnson, we welcome you back, sir. >> hello, larry. >> what do you expect from this senate democratic budget? is there anything in your thought that this is a serious document? >> well, it is definitely going to increase taxes. i mean, they're going to propose that. you know, larry, what's a real shame here is we're not even going to be

larry, gas prom can buy the whole island. and people always joke that there are so many russian shell companies in cyprus that it's virtually already a part of the russian federation. >> so let me ask you the question du jour or the question du nui tonight, is it odd that russia that bails out the world financial markets? i find this to be utterly incredible. >> well, you have to realize, too, when russian oil garbages and organized crime figures send their money abroad, they like a nice, reliable banking system like those existing in europe so there is an incentive for russia to buy the island or have gas prom restructure the deal. it makes sense in many ways for russia, as surprised and shocked as putin was the other day when the deal was first announced. >> larry, russia may be the only solvent country in europe at this point. and what you have here is too hill little to fail. we're worried about too big to fail. cyprus is a very small company with extraordinarily small economy. the fact it would precipitate a run with the

>> larry, you are absolutely right. i want to say something here and nobody wants to say it and that is that the cypriots have been living on borrowed time. their banking system has been broken now for a while. if we were in a hospital they would be in an isolation ward for the last couple of years and the fact is that they are now strong pay the price. the reality is this is an isolated case. if we were to see a run on other banks in spain and italy we would have begun to see that. the only real victim aside from the cypriot people is what is happening to the euro currency and i think that more than likely we'll see that dip and don't be too surprised if we start to see countries like germ will me do wonders with the lower euro because of the exporting problems. >> i want to show you the difference between what european banks have done. >> now gardiner, i don't agree with you, my friend, but thank for coming on. come back. we'll talk u.s. stocks including bank stocks. i think there are a bunch of reasons to be optimist

>> i agree with you, larry. to paraphrase winston churchill, the eu will always do the right thing, but unfortunately, only after every other option has been exhausted. and they are exhausted the other options, larry. but the rule for uninsured creditors and failed banks should always be you fund it, you own it. that's the only thing that insures market discipline. >> i wish we had done this in the united states, okay? i wish going back to 2008 and 2009, we had given more thought. instead, we guaranteed all the deposits and all the debt. we didn't guarantee the stockholders, the shareholders, that's for sure. but i'm just saying, i like this template, ben. and can it be used other places in europe and the u.s.? >> i do like the template, larry, i think we should have done it in the case of aig, particularly their uninsured, unsecured creditors in the cds market. that was ridiculous baling them out. but here's the problem with the cyprus bailout, larry. you remember, the bailout plan that was rejected last week,

larry good to see you again.next the once hidden tax cost of obama care keep coming out of the wood work like cockroaches. we got details on the latest massive tax just discovered from a monday regulation. stay with us to hear this story. it's a phoenix with 4 wheels. it's a hawk with night vision goggles. it's marching to the beat of a different drum. and where beauty meets brains. it's big ideas with smaller footprints. and knowing there's always more in the world to see. it's the all-new lincoln mkz. [ laughter ] ♪ [ female announcer ] each one of us is our own boss. ♪ and no matter where you are in life, ask your financial professional how lincoln financial can help you take charge of your future. ♪ >>> just when you thought obama care couldn't get any more expensive a new report out today says employers will have to pay $63 extra for every person they insure next year when the law takes effect. that's beyond the increased cost of covering them in the first place and it comes to $25 billion. get this, boeing,

. >> good evening to you, larry.cle, the software giant comes in with weaker than expected results, the firm blaming a lack of urgency, the earning were a penny light of estimates. revenue of $9 billion was misforecast and that is why the stock took a hit. model n closing up 29%, they sell products that help firms with pricing and contracts. and the threat of a government shutdown next week is getting smaller. the senate today passing a continuing resolution that will fund the government until september 30th. the house is expected to pass it tomorrow. one less thing for the markets to worry about, i think. there was concern about this, you know, coming or approaching month's end. this was the first time they made a deal. they really had a deal done, how rodgers and barbara mccalsky in the senate had a deal. i cannot help myself, one of part of the deal is still in there and that is no funding for obamacare, that is no funding for obamacare, do you have a thought on that? >> i don't have a thought on that, it keeps ge

great, larry, absolutely right. you commit new capital to the markets today after the record hit? >> i would not be surprised to see a 5% correction here, and we are seeing a slowdown in flows, especially etf flows in the last ten days from the record-setting flows we saw in the last quarter, january and february. so, you know, what i -- could there be a short-term correction, yes, but i believe equities, again, will outperform other forms of investments, including bonds over the next 12 months. i believe, you know, from october when we made that projection, bonds were up 6% so they did very well over the last -- this last period of time, but equities were up 32%. i think people are miscalculating the opportunities they have over long-term investing, especially with the high dividend rates that you're getting from equities, and, in fact, equities with the dividend have less risk than a 30-year treasury today, so to think that bonds are a protector of value, that will not be the case if interest rates go up. >> all r

one for marty and one for larry. marty, how many officers do you have dedicated to your graffiti program? and also larry, how many painters or staff is in your graffiti abatement program? >> great questions. >> well, i'm the graffiti guy, graffiti abatement guy. [laughter] (applause) >> as far as the guys i use on my paint overs, i have a group of 3 to 4 guys and i pick them -- they're hand picked by me. i tend to pick guys who are patient, good with kids, guys who are school resource officers. that's a big plus. you know, you've got to like kids, maybe have experience in teaching, coaching, working with kids. like i said in my presentation, you don't want the guy with the rack shock and smoke mirror glasses who looks like he's working on a chain gang. you want someone who can maybe not talk to them in their own vernacular, but who can see eye to eye with them, talk to them about kid things and most of all be patient. and who can document trouble and kind of see things on the horizon that might be issues coming up an

it is a huge business that has made larry ellison very, very rich.briefly, a month, the world's richest man. >> absolutely. that was one hell of a month. everything was different. >> we can joke about it, but you liked it. >> oh, sure. >> you were the one. >> [chuckling] for 30 days. >> microsoft corporation, bill gates. >> he revels in it because ellison becoming number one meant somebody else had to be number two. and that somebody was bill gates, whose microsoft towers over all the competition, including oracle. >> it's an exciting game that's going on right now, and it is to some degree a game. you know, microsoft's in first place, we're in second place. we're trying to catch them. they're not making it easy. they're an extraordinary company. they're the most important company on earth. >> they've got $50 billion on the bank, and you've got 5, 6 in the bank? >> [chuckling] yeah, we're-- we're far behind. they're three times bigger than we are. they have a monopoly. we don't. darn it. >> yeah. >> [laughs] [rowing machine zipping] >> ellison has th

larry reid? >> no. >> reporter: larry reid denied the allegations. we heard from him in the last 30 minutes. here is what he had to say. >> really mind-boggling that someone can say that because they are in a relationship with someone else that they paid me $50,000 because i wanted to retire. i never took a freakin' time. >> reporter: we are still gathering more reaction to the story and putting that together for tonight at 10:00 p.m. eric rasmussen, ktvu channel 2 news. >>> an audit of two city counsel members, inluding larry reid alleges they abused their power. they released the report today listing a dozen violations by city counsel members oakland councilwoman desley brooks and larry reid. the auditor accuses them of using their power to influence the bidding process for the clean up at the army base. >> the law was broken here. the report wasn't done in the open. >> she says they are clear. city counsel members with only appropriate funds. they deny any wrong doing. go to www.ktvu.com where we have the entire auditors report. click under the ho

mcdonald pes liz: larry can tweet you.et me, larry. >> in any event, it's not quite that, and i'll tell you, andy gave us that information, and that put us on a lower rung, and does he go into the private sector? i think yes, and i tell you now, larry fink at black rock put dibs in, whether he takes it or not, i can't tell you. liz: your phone will ring from people saying we are putting it in for geithner. >> that's funny you mention that because a couple months ago when geithner announced he was stepping down thought he would go to citigroup, and chairman there might be a place to go, but he's close with larry, they work together well in the past, geithner head of the new york fed, and larry involved in the bailout stuff. liz: at citigroup, and the commerce secretary. >> a little different, though. liz: and the ceo of kelloggs. >> a little different. he's nice enough guy. liz: charlie's mad at me because i'm trying to catch twitter followers, okay, i'm three and change thousand behind. >> you're not, i'm at 29 now. liz: t

[applause] >> thank you, larry. good morning, everybody. you know it's really exciting to be here this morning. i know our city administrator and the project director are here to join doreen and monique and supervisors for the free samples, keith. on this kind of day, we were actually looking forward to the old distillery, the potrero ride, that will keep us warm. but it's unique. when you look at the history of those years with fritz maytag in the 70s. and i was in law school during that time. i won't tell you how much beer i drank, being a cal-berkeley guy. but larry, i compare what the giants went through in their history and anchor, and you see similarities. we almost lost both companies and then that he:-- then they rebounded. and they are in fantastic growth. and they are both in my opinion, you are made in san francisco, you are the anchor of this. a large manufacturer. but i also associate with you giants. because they are the manufacturer of the world series championship. that's a great combination. you will be able to create addit

i'm larry kudlow. we'll be right back. [ female announcer ] what if the next big thing, isn't a thing at all? it's lots of things. all waking up. connecting to the global phenomenon we call the internet of everything. ♪ it's going to be amazing. and exciting. and maybe, most remarkably, not that far away. we're going to wake the world up. and watch, with eyes wide, as it gets to work. cisco. tomorrow starts here. cisco. chances are, you're not made of money, so don't overpay for motorcycle insurance. geico, see how much you could save. >>> so next part >>> so next part of this story. why should a u.s. investor really care about cyprus? a tiny little island. maybe this is an excuse for a mild stock correction. will cyprus silent the bulls or will the optimistic rally continue as i believe it will? we have bob dole. we welcome back joe lavorgna and cnbc contributor larry mcdonald, head of global strategy at new edge. bob, i home you heard the charles dallara interview. he was more concerned about the con

larry flynt started his fist business, he bought a bar in kentucky.ew up in the most poor county in the entire united states. he said the only export his tiny town had was jury duty. that's how small it was. they didn't make anything, they were very poor, they had food stamps, and it was a situation where he woke up and said he wanted to be a entrepreneur. he bought a bar in the '60s, and then he turned what began as four-page newsletter into a magazine, and by 1974 "hustler" was born. so what has come up since then? i began in a fox business exclusive by asking larry flynt, how's the business of sin and sex? >> business is great. there's no doubt about it, it would have been a lot percent had we not have had the recession, but i can't complain. our gaming operations, casino business is having its best year. liz: you've got some 15, 16 magazines, dvd production, some 65 domestic and international channels, you've got the casinos, apparel stores, web sites, hustler mobile, hustler novelties, you've got a department store that sells erotica. which one o

i'm surprised you like this, larry. this is like obama taking over gm, changing the rules and hammering debtors. >> not insured. let's take the usa. you're up to 250,000. those deposits alone. big corporate deposits that are uninsured those guys should think twice about depositing in a bank. they are credit tors. uninsured depositors are creditors. this is in effect a resolution bankruptcy issue. rather than a taxpayer bailout. that's why i like this. >> it bothers me they changed the rules mid-stream. >> sometimes you have to change the rule. it's a bad rule you need a good drive to change it. >> how do you drive when you don't know what the speed limit is. >> nobody gave a guarantee. >> that's right. i should have said that. that's the intelligent thing to say. you're a free market guy. that's terrible. thank you for setting us straight. up next on kudlow, i needed someone to help me. up next the recession is long over yet a record number of americans are still on food stamps. nearly 50 million people. know what? more

para eight of larry -- larry schweikart's books. beginning with a patriot's history of the u.s. came out in 2004, "america's victories," why the u.s. wins war that will win the war on terror, "48 liberal lies about american history (that you probably leaned in school)" came out in 2008, seven events that make america america and prove that the founding fathers were right all along, 2010, american entrepreneur, patriot's answers to america's most pressing problems" in 2011, "the patriot's history reader: essential documents for every american" in 2011 and finally his most recent, "a patriot's history of the modern world: from america's exceptional ascent to the atomic bomb: 1898-1945". and is there a second volume? >> guest: should be out in december, 1945-2012. >> guest: >> host: back to seven events that made america america why do you include martin van buren? >> guest: the most important event in the seven events and the one least known. martin van buren was anti slave. when the missouri compromise was agreed to thomas jefferson said he sat up and here's a siren, martin van b

hello, robert. >> good to see you, larry.mocrats today unveiled their budget and what's the top -- the lead story here? it's $1 trillion in tax hikes. what's so interesting about this, for four years, democrats have avoided doing a budget. now senate democrats finally have to own up that they're a tax hiking party, this is going to have 2014 implications, interesting to see if democrats can even get 51 votes on this plan. >> what is wrong with that party? i believe my good and dear friend who is so bright, jerryd bernstein, who is joining us tonight, is inconceivable he can be a member of that party, a party which makes no sense at all. i understand disagreements. you don't have to be perfect. there are many gradations, but how can the democrats come back with $1 trillion tax hike, no spending cuts and no entitlement cuts? the whole point of the exercise is to get those cuts. >> because they're not ready to do entitlement reform. you see that democrats are avoiding a balanced budget in their plan, avoiding entitlement reform.

i'm larry kudlow.alf hour while the nation debates federal budget cuts we have a real life example when you don't cut. that's the city of detroit. the governor of michigan has declared an official fiscal emergency and appoint an emergency manager to take over that city's finances. we go live to detroit for the latest on all that bad news. >>> and how obnoxious could those harvard kids get pap new editorial goes after conservatives and suggests they not even bother to apply to the school. we're going to talk to the president of the harvard crimson who published that anti-free speech editorial. >> president obama wasted no time today blaming the gop for what he called dumb spending cuts. please take a listen. >> we shouldn't be making a series of dumb or b arbitrary t that people depend on like education, research, infrastructure and defense. let's be clear. none of this is necessary. it's happening because a choice that republicans in congress have made. they are saying that it's more important to prese

larry in minneapolis, you're on with larry schweikart. >> caller: yes, professor, what branch of the armed services did you serve in, and when did you serve? what was your specialty orr mo -- >> guest: i didn't serve. i was 4f. they wouldn't take me. >> host: and, larry in minneapolis, why do you ask that question? do you have a follow up? he is gone. we're going to move on to mike in lisbon falls, maine. hi, mike. >> caller: hi. hi, i was just -- i've been in an argument with several of my friends. did the south ever have an out out of the constitution once it was ratified? or was their extension of the con fed rahs is si an extension of the american revolution? >> guest: that's a great question, and it's a point that is debated certainly by neo-con fed rate types of historians. more of those types and libertarians in the present time. here are the two arguments. one argument was that, um, the government of the united states, the union was a men's club and that in this men's club anyone could pick up and leave the men's club anytime they wanted. the other view of this was that the u

i'm larry kudlow.ed today but we've still got even more good news on the economy. now does that mean bern bernanke is going take his foot off the gas pedal sooner rather than later? that might be what's rather bothering stock investors. and where is the new jack kemp now that we need him? a republican who related to everyone with an optimistic but simple message of economic growth for all, we will ask lar larry sabateau in just a few minutes. >> a tax is a tax is a tax. if you tax something more, you get less of it. piling on new taxes is always bad for economic growth period. and yet out of washington comes yet another proposal for another tax. this one known as the marketplace fairness act but it is just a national internet sales tax. could even hit your itunes downloads later on. last night here on "the kudlow report," republican senator kelly ayotte spoke out against this bill. take a listen. >> i think we need to rename this legislative proposal for what it is because what it is is it's the intern

carolyn, larry? >> thanks. francisco is taking its sister city relationship with cork, ireland to a new level. >> during tomorrow's festival sisco systems will provide a live feed. revelers can use their cell phones to watch the celebrations in ireland including the mayor who is visiting the city. >> you can find a link at abc7news.com under see it on tv. this is the parade route you are looking at. the celebration is again tomorrow, not sunday, the 17th. it starts at 11:30 from market and second streets. the festival runs until 5:00 p.m. at civic center plaza. >> that will do it for us. i'm larry beil in for dan ashley. s next.kimmle live next. >> tomorrow morning we will be back at 5ing on. >> have a good weekend. ♪ ♪ if loving you is wrong ♪ i don't wanna be right [ record scratch ] what?! it's not bad for you. it just tastes that way. [ female announcer ] honey nut cheerios cereal -- heart-healthy, whole grain oats. you can't go wrong loving it. bee happy. bee healthy. with clusts of flakes and o's. oh, ho

i'm larry kudlow.ur, first it was the oscars, now it's the editorial page of the "wall street journal" and i just love first lady michelle obama's surprise op-ed today full of praise for businesses making america healthy. that includes, by the way, the democratic demon walmart. she praised walmart. that is a breakthrough. more coming up on that later on. >>> but first up, president's taking every opportunity to ring the alarm bells on his dire post sequester predictions. listen to him again last night speaking to the business council. >> this is going to be a big hit on the economy. and that means inevitably hundreds of thousands of people who are not going to get jobs that otherwise would get them. it means that you have fewer customers with money in their pockets ready to buy your business, your goods and services. it means that the global economy will be weaker. >> all that because of a small cut in the budget. anyway, my question is what happens when he's wrong? when the sequester kicks in and the

. >> larry haynes and ray hollowell are professional cameramen.'t find these guys in a studio or on a set. this is their office. the world famous bonsai pipeline on the north shore of oahu, hawaii. >> the bonsai pipeline is the "a" zone. i mean, this is the creme de la creme, one of the gnarliest waves on the planet. >> it's pretty much the most dangerous wave in the world. you have to be on top of your game to even think about paddling out to the pipe. >> this jagged reef, big rocks down there. it could knock you out. i've had really good friends that's died out there. >> dangerous work. the footage larry and ray capture makes these guys, the surfers, look like the daredevils. but make no mistake, as each 20-foot wall of white water crashes down with bone crushing force, there's an adrenaline rush for the guys behind the lens, too. >> the swell comes from very deep water. it hits the pipeline, it hits a shallow reef, with such power, it creates the huge barrel. to get in that barrel and make it in the barrel and to get spit out is the ultimate eu

>> we're hopeful, larry.as you mentioned, the report that came friday showed no significant impact from the pipeline. it's his fourth report in more than four years. we believe keystone should be built for the reasons we were saying. energy security, jobs. the eis found out this project will be creating thousands of jobs. that's what we have been saying all along. we don't have any idea why the president is delaying. >> secondary and tertiary jobs would be a couple hundred thousand. >> that's right. >> when you're through with the transportation and supplying. so what the state department said -- again, this is not new. no significant damage to the environment or no creation of greenhouse gases. they passed the nebraska test. we had government dave heineman on. what's left not to like. what's left not to sign? >> well, that's a good question to ask the president. we feel all of the answers, all the questions have been answered. the environmental questions about nebraska. the president was concerned about havi

that is fantastic. >> larry has no memory of any of this.t we were going to go upstairs. i had a roommate. i didn't have a roommate. it was the old roommate excuse. >> jimmy: it's terrific to see you. congratulations on all the success of the show. "katie" airs weekdays. we'll be right back with tegan and sara. ,, , bergoglio bergoglio, bergoglio bergoglio." here with the song "closer," tegan and sara. ♪ ♪ a little bit closer ♪ all i wanna know is can you come a little closer ♪ ♪ here comes the breath before we get a little bit closer ♪ ♪ here come the rush before we touch ♪ ♪ come a little closer ♪ don't you know when the wind is really blowing ♪ ♪ the night sky is changing overhead ♪ ♪ it's not just all physical ♪ i'm the type who will get oh so critical ♪ ♪ so let's make things physical ♪ ♪ i won't treat you like you're oh so typical ♪ ♪ oh, oh all you think of lately ♪ ♪ is getting underneath me ♪ all i'm dreaming lately is how to get you underneath me ♪ ♪ here comes the heat before we meet a little bit closer ♪ ♪ here comes the spark be

but just to finalize, and i understand what larry was answering. it makes sense that you cannot hold property owners liable to graffiti ghosting. but is this a point of policy that maybe could look forward? other municipalities, that whenever there is ghosting, you actually encouraging more vandalism because that is an etch that is going to stay -- my grandchildren might still see it. so, what i'm saying is i think dpw does a great job on giving referrals on contractors, by the way, and a wealth of information about products. but the bottom line is that property owner is only going to spend so much money over and over and over and get to a point that it's just too much money. so, ghosting i think to me is dear to my heart because of this. if it stays there it's going to attract more vandalism. >> great point, thank you. jan, do you want to read another question? >> yes, this is in regards to abatement and it's something that as a city we have issues with, too, so i would like an answer. is there a product that would clean [speaker not understood] w

i'm larry kudlow. this is "the kudlow report". top of the news this evening, it looks like cyprus hammered a deal with the european union and the stock market sniffed that out well in advance with a 91 point game. where is this long awaited correction? with the rising economy and profits this rally still has legs. also in year three of obama care premiums and insurance costs are rising sky-high. so are taxes. and small business costs are reducing profits by as much as 65% according to one small business owner we will talk to tonight. and the virtues of a free market capitalism that we talk about every night on this show are now forbidden fruit at stanford university. a popular long running pro capitalist course at that school has now been cancelled. what is up with that? "the kudlow report" begins right now. >>> first up, a major vote in the cyprus parliament helping to get that country closer to a teal with the european union. michelle caruso-cabrera joins us from cyprus again this evening with the very latest. good evening, mich

. >> good afternoon, ama and larry. minutes after white smoke pose from the whim knee of the sistine chapel, the pope's official account tweet swred a new pope. the pope inherited nine different accounts and in as many different languages nearly 3.2 million followers total. the first tweet has been retweeted 80,000 times. the name on account means bridge builder in latin. a shake up in google's and disroid division. he will continue to head google's chrome division, android is the most-used local operating system in the world. >> new details on some of the new features at the samsung galaxy x 4 might v bloomberg learned the phone swril a five-inch screen, will use a qaul com chip in the u.s. skprergs swril a 13 megapismsel camera. >>> a federal judge ordered tim cook to give a deposition about the e book company. apple fought the deposition and the government sued apple and five publishers accusing them of conspiring to raise prices for e books. other publishers settled. leaving apple as the only defendant. stocks gaini

carolyn, larry? >> thanks. francisco is taking its sister city relationship with cork, ireland to a new level. >> during tomorrow's festival sisco systems will provide a live feed. revelers can use their cell phones to watch the celebrations in ireland including the mayor who is visiting the city. >> you can find a link at abc7news.com under see it on tv. this is the parade route you are looking at. the celebration is again tomorrow, not sunday, the 17th. it starts at 11:30 from market and second streets. the festival runs until 5:00 p.m. at civic center plaza. >> that will do it for us. i'm larry beil in for dan ashley. "jimmy kimmle live" is next. >> tomorrow morning we will be back at 5ing on. >> have a good weekend. >> dicky: from hollywood, it's "jimmy kimmel live!" tonight -- kobe bryant. dominic moynahan. and music from rival sons. with cleto and the cletones. and now, i promise you, here is kimmel! >> jimmy: thank you very much. i'm jimmy. i'm the host of the show. thank you for watching. thank you for

thank you larry. [applause] >> thank you very much. >> next saturday march 30 rec and park department hosts our annual spring family event featuring games and carnival rides and barbecue competition between rec and park and san francisco fire. we welcome everyone out there next saturday. our mobile is up and running and we are bringing these services to the neighborhoods historically under served. and at the tenderloin center and we will moving to another areas and for our schedule you can visit our website. we were informed that the roads in mclaren park needed major improvements and not that we needed to be informed of that. anyone that spent time there it's apparent. the portion is own contact the -- this roadway is poorly designed and confusing to drivers for a variety of reasons. the lanes and speed limits change three times. there are no crosswalks at most intersections and no places to wait for buses. rec and park has been asked to address these and will require funding in october with sfmta su

many thanks. >> thanks very much, larry.>> natural gas boom also brings good news for the u.s. on the world stage. get this. in november and december the u.s. surpassed saudi arabia as the world's biggest fuel producer. we kicked saudi butt. john, great to see you. as i understand this, all right, crude oil, gasoline, biofuels, we beat the saudis in november and we beat them again in december and it looks like a new trend. you b.u. it? >> i do buy it. we can keep doing it over and over and over again provide the industry has the access to the natural resources that they need. here we have a problem. on state and private land we're doing very well. on federal land we're going backwards not forwards. net production on federal lands is now down from four years ago and permits for federal land production is also down by some 50% from four years ago. that's not a good sign. >> okay. i agree with that. we'll get to that. i want to know this. if we continue to produce, let's use the private sources, let's use the private stourks sh