corporation from liability. what happens under these corporate structures is that if such an accident of such great magnitude were to occur, these limited liability corporations could probably declare bankruptcy and shield the parent corporation that leaves the taxpayer holding the bag to pay for the liability. >> only congress with the president's approval can raise the mandated level of insurance coverage against nuclear accidents. there's been no sign they intend to do so, and the nuclear industry is quite happy with that. >> it's sort of short-term greed, that what drives the industry more than anything is making as much money as quickly as possible and as long as possible without incurring any large expenses that would cut into their profits. it's that simple. >> two years after fukushima, costs continue to pile up. it will probably be decades before the full scope of the expenses is known. japanese government officials admit that the overall consequences are too broad to fix an accurate price on the disast

and the liabilities for the data can be huge and of course many international precedents for example the breakup of the soviet union will be newly independent countries did not by negotiation end up paying the national debt of the soviet union so the debt belongs to wonder. the present moment if they are to persuade us to accept a share which we are willing to do the new only basis in which we'll do it is if we have a share of the assets as well you can't of one with the other because of the bond with a penny and that is why incidentally the after the yes vote for independence will be no difficulty from london about sharing a common currency adam burke is a case second largest city financially in case becomes independent could you see it challenge london is something you would like to say well i think there would be a very real possibility if england were to leave the european union. that is a live possibility there in the believe european union i think that the effect of england leaving the european union after scottish independence would be that many headquarter companies would mov

we have not seen anything from a liability concern or insurance concern. fairfax county worked very closely with their school and school districts about this issue but they told us and we checked ourselves, he felt he had the appropriate coverage. however, to point at the youth level, we are absolutely seen insurance, the insurance industry at large, and with the largest provider of casualty and liability insurance, step forward and actually stated that if you've football league participant in the heads up the football program they would receive a discounted program, and a more comprehensive coverage. so we're absolutely seen a positive response by the insurance industry which, of course, has its merits. >> thank you. i yield back. >> mr. ogrean, do you have -- is in the insurance liability issues at u.s.a. hockey? [inaudible] >> yes, mr. chairman, they're plenty of insurance liability and i think i like u.s.a. football which is much more decentralized than are we, our participants are all ventured by us as a national organization. so whether it's player a

the loss of liability insurance scarce teachers so much that most will not opt out. fortunately, cten also taught me how to find liability insurance from an independent source. i chose christian educators association international for my insurance, and thankfully the coverage and service are far superior and my rebate more than covers the cost. my husband, who is a professor, was an agency fee payer for over 30 years before we discovered cten. they never once mentioned that he also needed to request a rebate of the dues that were used for over politics. for over 30 years, he paid full union dues, funded full union politics against his will. the union was too happy to keep his money, even though he made it clear as a fee payer that he did not want to support their politics. cten taught both of us how to request our full rebate so we both receive them. since fee payers have no collect no collective voice, at 1.i decided that i'm going to become a full union member so that i can have a voice. i joined, i served for three years as a union site representative, and as a lo

liability insurance. stuart: how do you get the price down so low? >> our facility is completely unknown and controlled by the doctors who work there. and in the equation, that is the hospital. we don't have buy out positions, we don't buy out competitors and we are not building buildings all over the place. and represent what it costs to do it with care. stuart: i am sorry we are out of time but you are a welcome guest on the friday before labor day talking about a decent price for a need procedure. dr. keith smith. excellent. thanks for being with us. appreciate it. watch out, amazon. google as a package delivery drone of its very own. all the details on google's top-secret project after the break. stuart: the king of screening, netflix, just purchased exclusive rights to nbc's the blacklist pay $2 million an episode, the most lucrative streaming deliver. before we move on we found something that mary kissel likes. get rid of this for a second. she hates beaches. >> i hate beaches during a hurricane. st

and the cruise line would deny liability for the quality of care? >> simic we have no idea.it is tiny you have to say yes i agree to print off the ticket but you cannot see what they try to hide. the average layperson we don't add it -- we go all a magnifying glass to printed off to figure out to to figure out there legal jargon that was headed. >> plus a certain level of responsibility. senator, i do you have this in your folder? >> i would like to pass this to each of you. i circled the of word liability but i cannot read any of them. >> neither could we. >> at the beginning of the of the voyage to provide safety information to help preferred like the emergency to know what to do in the event of emergency. my panel had to experience emergency situations you were unprepared for did the cruise line provide any information of what to do of criminal or medical emergency? >> senator, and no. not in my situation. >> in our situation as well, senator, and no. it would be very simple to add by the way our medical and for every is he got a guy they gotta. we had no idea. >> having

there plenty it insurance liability and i think i like u.s.a.ootball for example, which is more decentralized than we are, our participants are all injured us as a national organization. so whether it's player accident injures a whether it's catastrophic insurance, whether it's liability, all of that is part of what our members pay us a membership fee for. those claims, those premiums are based upon the number of claims. and so that's another business reason why it's in all of our best interests to try to come up with every technique, every practice, every policy that we possibly can to make our games have. the number one reason of course is the safety of the human beings playing our sport but there's good business reasons for all of us to want to be of impossible make the game safer. >> thank you. mr. kinzinger, you are recognized for five minutes. >> thank you, mr. chairman. thank you for your leadership and holding this thing. i appreciate the diverse detail that is gathered here and the import inside you are able to provide on the prevalence

issues with liability claims that emanate from the commercial use of residential property almost every hoa 3 and 6 policy in california conforms to the i s o standards that comes from that kind of liability. i'm surprised that the supervisor choosing office or staff has not addressed this. it's unlikely that people in the room that spoke of the benefits of some all of a sudden sharing are aware that their policies will not cover the claims from this type of policy and they're likely to be scald. i'm not saying it does not exist it has to be handled before you talk about changing the ordinances. i tried to bring this as to the attendance of supervisor chiu's office but basically, their not interested. thank you very much. >> thank you. >> good afternoon. i'm cindy an landlord of 18 properties not in the city i'm a tenant in the city. and i am a single mother window do with a four-year-old i have a two-bedroom apartment i rent out one of the apartment my parent is by ucsf i got a request the other day from a family of 3 that want to rent out the private room the husband is getting a bone

it's the line called transfer of liability. if you were not operating the vehicle stating you can choose to identify the person who was driving leaving many to believe they have to rat out the actual person who is driving to get out of that ticket, but not only is transfer of liability not even in the speed camera statute, if you weren't the driver, the statute doesn't say anything about you having to say who was. >> it was my car. >> reporter: paul laird is a walking speed camera test case. >> i'm a licensed attorney in maryland and i read the statute very carefully. >> reporter: in november we reported how he fought a speed camera ticket and won proving police couldn't show they'd properly published the locations as required by law. he is still getting tickets, but he felt he had an even better loophole this time. >> i was not the operator. >> reporter: not him but in january speed cameras snapped his car speeding twice on the same day. >> i was out of town on business in texas pretty much the whole week during that time fram

i've circled the word "liability," but it's unbelievable. i mean, i can't read any of it. >> neither could we. >> yeah. [laughter] at the againing of the soy -- at the beginning of the voyage, cruise lines provide safety, and this is to anybody, provide safety information at a, quote, muster drill. to help passengers prepare for an emergency like a fire or a wreck. this information helps passengers prepare and know what to do in the event of an emergency. my questions for the panel, many of you experienced emergency situations that you were unprepared for. did the cruise lines provide any information on what to do in the event of criminal or medical emergency? i'm asking. any of you. >> senator, no. in my situation, no. the cruise line did not. >> in our situation as well, senator, no. and it would be very simple to simply just add, oh, by the way, our medical infirmary is on yada yada floor. >> right. >> are you know, we had no idea where to go. >> the obvious question would, if you'd had this information, that might have helped, right? >>

but i will say it is very intentional we carve out criminal liability and the liability of individuals under the settlements. mr. attorney general, you spoke of the mistrust in ferguson. people in ferguson referred to other incidences, many of them reported in the news in which they feel that were mistreated by police. there was a tasting death. i know you spoke to the victim's sister yesterday. you have been for leaning on the pattern and practice investigations. is that something that can be done and where is your team on that? >> there's nothing i want to announce at this time with regard to that possibility, but there are number of tools the justice department has with regard to examining police misconduct cases. >> have you looked into those past incidences? >> i will say we're keeping our options open. >> what was the greatest thing you learned yesterday visiting with the families? what did they give you personally that you can bring to this case? >> the real desire on the part of the people of ferguson to be treated fairly and have a good relationship with people in law enforcem

in the cruise line would deny liability for quality of care? >> we had no idea.we could not beat the thought to. it was tiny. you would have to click yes i agree to print off the ticket but you cannot see what they tried to hide. the average layperson as a humble family from mississippi, we don't own a magnifying glass and we would not printed off then try to figure out what the legal jargon or lack thereof was headed into the contract >> plus you assume certain level of responsibility. right? senators, you have viscid your folders? >> i would like to have this past to each of you and i circled the of word liability but i cannot read any of it. >> neither could reap. beginning of a of a voyage provide safety information on a mustard drill to help passengers prepare for an emergency like a fire or a representative to help passengers prepared to know what to do in the event of day emergency. many of you have experienced emergency situations you were unprepared for to the cruise lines provided the affirmation of what to do with medical emergencies? nefu? >> no. now

to a corporation with billions of dollars and that is liability and that is going to be passed on to the mama ship, and how is that not going to lower the cost of the employer who is the franchise owner? >> well, jonah, you have mcdonald's who makes an arbitrary decision to raise the wages mip ma s minimally for $1, and that works in seattle, but not biloxi, mississippi. so it means that you don't have control of your own spread sheet, and why would you go into the biz offense you have no control. >> that is true. because why am i going to go into the franchise if i am controlled by the mothership? >> well, you are, and that is why there are only 43 of 181 cases brought to the nlrb that were singled out, and they said that mcdonald's has direct control and directing everything and they were given out specific corporate programs to allow the franchisees to track the number of people to the restaurant to employee ratio, and so mcdonalds has a lot more control than they are saying and timing everything from heating up a burger to -- >> a that is not true. >> that is the case. that is wh

she has a house that used to be a liability, now it is an asset with equity. that is real consumer relief and is made possible by this settlement. one other form of relief the attorney general mentioned, which really merits emphasis, is his. before congress allowed the mortgage forgiveness debt relief act to lapse at the end of last year, consumers who received the type of relief i just described, they were not liable for any federal taxes that they might go -- that they might owe on the onsumer relief the received. but now you see the act is no longer enforced. until it is extended, consumers will be on the hook repaying the taxes -- for paying taxes on any consumer relief they make it from the settlement. -- that they may get from this settlement. so to help consumers to fray that federal tax liability, we negotiated as part of the settlement a 2525 tax relief fund. here is how it works. nce a consumer receives relief such as a principal write-down or mortgage forgiveness, 25% of the value of that relief will be made available to help offset the tax liabilit

would something like this work, considering i am sure there were documents checked by lawyers about liability under the sale? it has been over seven years. >> it really has been vital while. i am tired of the shareholders being penalized for the ax of individuals. -- it really has been quite a while. it has cost bank of america shareholders close to 70 billion in terms of all the settlements and court costs. andrew mazilo paid for by bank of america. why are shareholders paying the price for actions of countrywide ? >> is it bank of america shareholders paying for action by the then ceo ken lewis? >> that is true, he did these deals, no doubt about it. at some point, who should be punished? corporation or individuals who perpetrate these actions? >> that is the argument we have been wrestling with with all of these. jpmorgan master. then citigroup paid $7 billion last month for the same mortgage related issues. who should pay for that? and really, who is to blame? >> because also, you have to understand the justice department travails and there is a fine paid, no one is writing a check to the

i believe that most people are born into the world as assets, not liabilities. it's all in the way you treat people that drives behavior, so on the basis of the insight-- which is largely autobiographical-- i built a center in pittsburgh beginning in the 1960s to work with kids in the streets during the riots and unemployed adults during the early 1970s. and i redefined the strategy to work with public school kids who are at risk by using the arts as way of redeeming their souls and creating opportunity for life, and recovering unemployed individuals largely on public assistance by putting them in world-class technology facilities that can actually teach them the skill sets that they can use. >> hinojosa: okay, so, so, so, so... let's just take it one step at a time. >> sure. >> hinojosa: so one of your fundamental philosophies that you have written about in your book is that if you expose people in general-- and disadvantaged people, specifically-- to art, to all forms of art, that their lives can be profoundly transformed. >> you can cure spiritual cancer with

the chips will fall that's all we're requesting in the fingertip so look at the permit and not the liability and understand the permit holder intends to do and revoke it on that basis thanks. >> we can take rebuttal from the permit holder. >> just like to clarify 1 or 2 things there's confusion and that could be my fault for serving what's called a predemolition notice it's pursuant to california civil code 1940.6 it's notice to a tenant if you're intending to demolish but you're taking it out of use giving notice to the tenant that's coming it also cards with that a possibly statutory fine of $2,500 to the property owner so in the caution it's been our policy to issue those to protect your client from the possible fine. much has been made about the intent of that permit but the real intent in this circumstances is the intent to exercise our rights under the administration code 379810 which allows us to permanently rove a unit from the house use as well as we have the good faith intent and comply with the statutory provision of money help. whether or not a stove is pulled out pursuant to a p

currently in my state, california, we have a $74 billion unfunded liability. yet my union continues to bargain for deals that are harmful to our economy. morese of these issues and , i opt out of the portion of my dues that the union admits are overtly political. payer,lled an agency fee but unfortunately i still pay for highly political collective bargaining against my will. i am not in a right to work state. since the union controls teachers by controlling information, it was quite challenging to discover exactly how to opt out and even more, how to receive my annual rebate of the political portion of my dues, which you would think would be automatic, but it is not. early in my career i received a very tiny rebate. thankfully, later i discovered california teachers empowerment en.work, ct cten is a nonprofit organization that exists solely to help teachers discover their rights within forced unionism. with their invites i discovered how to opt out and how to receive my full -- with their advice i've discovered how to opt out and out receive my full rebate of

but the one thing that hasn't happened is that the un hasn't accepted any kind of liability for bringing the epidemic to this country. in fact, at this point, they still won't even talk about it. it's been more than two years since cholera appeared in haiti and we're driving into one of the most isolated areas of the country. communities up here in the mountains surrounding artibonite river are almost completely cut off from basic services. clinics, running water, even roads here are almost non-existent. up here, catching any kind of disease is a serious matter, one that kills as quickly as cholera can be a death sentence. >> it is impossible, really, to imagine how somebody could get along paths like this to medical facilities within a few hours to save lives from cholera. this is the kind of scenario here, and the reality is that many of them don't - and we're on our way now to a funeral at the very top of this mountain for a man who didn't make it. when he died from cholera, farius eugene was 64 years old. he was a leader of the community in this tiny mountain-top village, and a fathe

also taught meen how to find liability insurance from an independent source. i chose christian educators association international for my thankfully the coverage and service are far superior and my rebate more than covers the cost. my husband, who was a professor, was an agency fee payer for over 30 years before we discovered cten. never once mentioned that he also needed to request a rebate of the dues that were used for over politics. for over 30 years, he paid full union dues, funded full union politics against his will. to keepn was too happy his money, even though he made it clear as a fee payer that he did not want to support their politics. of us how tooth request our full rebate so we both receive them he. since fee payers have no collect ,he boys -- no collective voice at 1.i decided that i'm going to become a full union member so that i can have a voice. , i served for three years as a union site representative, and as a local board member. i continually brought up the fact to many of my colleagues and i that we were disturbed and offended that our f

they will face serious liabili liability. heather: thank you very much.on: a mid air battle breaks between two airline passengers leaving both of them off the plane in handcuffs, i will tell you why they were duking them out. concertgoers attending the burning man festival at a casino parking lot instead of the desert. what happened there? great. this is the last thing i need.) seriously? let's take this puppy over to midas and get you some of the good 'ol midas touch. hey you know what? i'll drive! i really didn't think this through. brakes, tires, oil, everything. (whistling) ♪searching with devotion ♪for a snack that isn't lame ♪but this... ♪takes my breath away co: until you're sure you do.you need a hotel room bartender: thanks, captain obvious. co: which is why i put the hotels.com mobile app on my mobile phone. hotels.com i don't need it right now. g?góéj÷ç÷ç could help your business didavoid hours of delaynd test caused by slow internet from the phone company? that's enough time to record a memo. idea for sales giveaway. return a call. sign a cont

another thing companies consider is not just liability but does a bad outcome in somebody that might be sicker kind of disrupt an entire clinical trial program. some say if there are any side effects, of course, we want toe know about them but some say could that be a concern? could that slow down enrollment or the evaluation of the clinical trial results? these are all concerns. >> so many people in your piece and out there are so vested in finding treatments all the way down to natalee's physician, laura davis who shaved her head. >> yeah, she has short hair in support of cancer research. >> which is amazing. you look at the commitment that all of these scientists and all of these physicians have, are there changes buying put in place to the system to make it more workable or is that not an option? >> there is a lot of pressure building on the system to change, something that i learned. there are laws discussed in several states, called right to try and conflilcting views whether those will help and we'll explore in another piece that you'll air tomorrow. there are questions is the

our settlement requires the bank to notified all consumers of this potential tax liability, but that's not enough. today i call upon congress to extend the tax relief coverage of the mortgage debt relief act of 2007. until congress acts, the hundreds of thousands of consumers we have sought to help through our settlements with j.p. morgan chase, citigroup, and now bank of america may see a significant tax bill, just as they are beginning to see the light at the end of a dark financial tunnel. i want to be very clear. the size and the scope of this multi-billion dollar agreement goes far beyond doing business. this does not preclude criminal charges against the bank or employees. nor was it inevitable over the past weeks that this case would be resolved out of court. i want to thank associate attorney west for his leadership in helping to attain the agreement today commensurate with the conduct at issue. i want to recognize each of the united states attorneys and state attorney generals who have come together to make this settlement a reality. this is the latest example of the important

and i didn't want to be a liability for him. so yes, his love had to win... win me... and his faith. it was his faith in us that won me over. >> hinojosa: and i was writing in my notes, i was like, "you know, oftentimes people in this country think of the arab world, and the muslim world, as a world that kind of pushes conformity." and you're an absolute nonconformist in so many ways. >> what we're seeing in the arab world today that is very exciting is not only that, for a variety of reasons, economic, political, and social, are the traditional centralized state power centers being diffused through different groups in society, but more importantly, we're seeing a self assertion of the youth. we're seeing a whole new dynamic take place-- and i'm getting now to the question you asked me-- and it is about thinking outside the box. we're seeing youth empowered through technology and through changes that are taking place in society, and through sheer numbers. we have a youth bulge. it's doubled in the past 30 years, and our youth ar

civil liability where your child does something maliciously and hurts somebody, but you know there'smalice here. this looks to be a clear accident. so on the civil side, even then that's capped at $10,000 believe it or not, the law mostly applies to vandalism but on the the criminal side, is there potential parental liability. again, most laws that deal with this, focus on whether there was some negligence or some bad choice on the part of parents in allowing their child to obtain a gun and that's where those child access prevention laws come into play. >> it doesn't get to the central question that a lot of people ask the second that they hear this story, which is a 9-year-old with an uzi, question mark? >> that's the question. danny is right, whether or not the parent has instructed the child or allowed the child to engage in willful and malicious behavior. i think what this will come down to is whether it is reasonable for a parent to think that it is appropriate for a child to fire off an automatic weapon such as an uzi. it's one thing for perhaps a handgun or a rival, but an aut

then next thing and i will ask your reaction the strict liability the association allergist direct liabilitye body on the employees the full deliberation and then only if the explicit in the statutes. event the fourth one i did not know this but the supreme court has cautioned against the imposition of strict liability of criminal law. all but minor penalties could be constitutionally impermissible without any requirement. so without that requirement but when you talk about putting someone in jail for one year, that is pretty scary. i would just say and ask both of you to give us five or six specific statutes we can do to draft some as a model to the gatt. that would be particularly helpful. i appreciate your testimony and dr. baker you have been here very -- before. we have seen people with criminal intents and in the case the government can use the power and force them to do things just with the threat they don't have to get a conviction. and it could be used in a way in countries around the world to put people in jail and i hate to in certain cases they have done that here. but my time is

and other liabilities. third would be pension liability.er to anybody in this broom and iroom and if you lookt associated it is fairly significant so all of that has to be factored in. responsibility going back to the site one of my alma mater's down in the airport in the middle of the field in the museum there is learning that's going on and the responsibility of the relationship between the air traffic controllers and the student pilots we covet that relationship on both sides. if you look at the stuff that happens as a result in the canada model where there is a co- located airstrip it doesn't cost anything to land on the lake so more often than not they are choosing to land on the lake to save the fee or if there is significant weather in the northern part of the u.s. and we pick up the phone and say can we divert some of the flights was going to cost and they decide not to. so those are the negative pressures on that responsibility side of the air traffic system and pilots working together to operate as safe as possible. i will turn it

. >> you have no liability whatsoever? >> senator, that's a legal question. i'm not a lawyer. i'm here to talk about security side. >> i'm asking a common sense -- i'm not asking -- >> i think we have a responsibility to users and we take the responsibility extremely seriously. >> thank you. mr. spiezle, you have the five recommendations that you make. in prevention you say stake holders who fail to adopt reasonable best practices and controls should bear the liability, and publishers should reject their ads. are stakeholders adopting reasonable best practices and controls, in your view? >> today that information does not suggest they are doing that. one of the challenges is reluctance to share information among each other. it is isolated now. again, are recognizing that there is no perfect security in the absence of taking reasonable steps to protect the infrastructure and consumers from harm they should be responsible. >> how many americans do you think know that this problem exists? >> this information has been kept very quiet. it's been suppressed over years. the executive

entire social security scheme in america is going to have to formally be declared bankrupt that's a liability that'll be kicked up to the federal government of hundred or so trillion dollars to add to the seventeen trillion dollars on top of the other unfunded liabilities of another hundred or so trillion dollars that's why america technically is bankrupt so going back to this report about hedge funds or private equity one study concluded that investing in hedge funds produced from one thousand nine hundred eighty to two thousand and eight produced only the same returns as investing in treasuries meaning investing in stocks would clearly have been that handily so here they were wildly speculating deposits criminal fraud all sorts of crazy activity monitoring your pension fund and the haggard this is in is is hidden behind this sound looks great but in fact you should have just invested in the treasury if you would we have the same return oh yes it has from out of jurors tend to be corrupt they collude with each other they manipulate markets they work hand in glove with corrupt bankers like go

we don't absorb the liability.her cases they got a cheaper price because they didn't make that sort of a deal. each of these is a different deal, and the fact is bank of america itself putting aside countrywide and merrill lynch was also in the business of pooling and marketing bad mortgage backed securities. look, this was an egregious pattern of misconduct over a period of years. their due diligence process was clearly flawed. a statement facts they've acknowledged this. i give credit to the bank. put a lot on the table. a lot of claim rees sophed. good working with lawyers to come up with creative solutions. much more than the chase settlements in the past providing more money for affordable housing programs, enable states like new york helping tens of thousands of homeowners in communities all over the state to rebuild. we're taking the money from the institutions that caused the crash and using it to help revive the communities to this day that are suffering under the lingering effects of the crash. >> raising

on the side to err of free speech but they also their ownnsider liability.ome of the situations are so brand-new that technology never made possible in the past and they are responding on a case-by-case basis. clear definedal policy that can be applied in every situation. this is such a horrific incident and it seems that twitter is taking actions of the sort they have not taken in the past. i'm sure there's no way you can find any of this imagery in a way that i spoke knows about it. when you have 1.3 billion users, no matter how many algorithms you have in place preventing things from going up, you cannot stop everything the minute it happens. kirkpatrick, bloomberg contributing editor, and an expert on facebook and twitter. uc hastings law professor hadar aviram and advocacy director courtney radsch. this is obviously a story we will continue to follow. coming up, how can you request uber outside of the app? teaming up with different apps to make it seamless. we talked to their senior vice president for business next. ♪ >> welcome back to "bloomberg west.