a long-term investment? >> good question. so, i think the question is, how speculative is this? i will use us as an example. we have a team in this building working on lithium batteries. their goal is to build a battery with 500 miles of range, for obvious reasons. we hope they will have a prototype in the feet next few years. we think -- in the next few years. we think the stars are lined up. that is a long-term investment. >> next question to all of you. michael, we will start with you. we know government is the regional -- at the regional, state, and local level can help or hinder startup companies. what would you like to see from the governments here in the valley, sacramento, or in d.c., that would strengthen the innovation economy? >> i could go on about immigration and corporate tax policy reform, but i am a researcher, so i will not. >> and we have seven minutes. >> mayor lee said it perfectly. the fundamental thing that companies are looking for is to be engaged in the process. we use a term in comp

he said if your interested in long-term growth, sustainability, and a company that takes care of all its stakeholders, by my shares. we think that in order to have corporations do the right thing, we need investors to do the right thing, and create a virtuous circle of inclusive capitalism. >> the overarching issue that we deal with in the report is the issue of ethics. if people in business and finance thought about what was right and wrong, i think we would have less resistance to a war form of capitalism today. one of the things about adam smith is, 17 years before he wrote the wealth of nations, he wrote the theory of moral sentiments. he was more a moral philosopher than an economist. it was not hard for him to believe we were good. he believed we were self interested, but he believed that free markets and freedom would lead to people doing the right thing because they cared about the reaction of their peers. they cared about common values and a common future. one of the things we have seen since the 1980's is, from greed is good to just incredible opulence beyond what anybody c

point in the history let's talk a long term capital management for a second and derivatives and what your take this was the huge hedge funds that. collapsed in one thousand nine hundred eight actually the last time that russia defaulted. and there was a lot of turmoil and the global markets around that time there was this hedge fund that was seemingly unconnected to all these things but was pulled down by the volatility in the markets and it was by consulting move the world's biggest investment banks and at the time it seemed that that was a warning shot across the bows of regulators around the world that the shadowy over the counter through this market was something that needed to be examined a bit more carefully and i wrote that book with partially to try and put that warning across and we saw. instead. over the following to cade's and we got to where we were today which is a much bigger crisis. right now long term capital management many would argue as you are suggesting in a seminal event in a few different. themes one would be the federal reserve under alan greenspan rushed in t

and yet, we use long-term isolation with great impunity. we are now doing a foyer, a 50 state foia survey that documents how many people are actually in prison on any given day, a snapshot in long-term isolation. and right now the figures that we have is close to about 30,000 people on any given day are in long-term isolation. that means that they are in they're usually without access to any kind of service. there locked up in the key is thrown away. and what we found is that in states like colorado and california, that people are leaving long-term isolation, after their terms have been, they've served their terms, and been put straight out onto the street without any transition program. now, that can create some significant public safety concerns and also just kind of reintegration concerns for the individual, who may not have had real social contact for months, sometimes years. and so we, in angola, in louisiana, there are people have been serving in solitary confinement for 30 years, and there's been a documentary that is been made about

provide a long-term solution. a deal that actually lets people who have incomes of about $450,000 be lumped in with people who are in the middle of america, i know of know one in the middle of america who think incomes of $450,000 is a middle class. we have to face this. i'm not interested of putting the burden on the middle class. and my fear is that we're going to see this gamesmanship played again and again through what will be essentially three new opportunities for republicans to play mischief with our budget. >> you talked about wanting a grand bargain arks sort of a deal that looks at a bunch of these issues. one thing that's being discussed is trying to avert the debt ceiling debate by either invoking the 14th amendment, minting a $1 trillion coin. what do you think about those? do you think those are viable options and would you be opposed to them? >> i don't believe that anyone should hold the american people hostage for a ranssome that they couldn't get in the ballot box. and that's what we see being do

our long-term care coordinating council. i was thinking of the acronym, sorry. the long-term care coordinating council is providing oversight for this process and we have a group called the long-term call integration design committee, that is overseeing kind of the coordination of services and supports that kind of get attached to health care they are overseeing that process and saying how could we coordinate better all of the services that we provide to seniors and people with disabilities? so we have a really coordinated system when managed care comes about. so the first three services that are going to be part of managed care, at least for the long term is supports and services side are in-home supportive services, the multi-purpose senior services program, which is care management. and then the c bass program, which is the new term for adult day health, so the benefit, which stands for community-based adult services and that is an adult day health care. those three will definitely be part of managed care, but we have an opportunity to work with the health pl

that long-term recovery includes mitigation of future events. if we're going to spend billions, we ought to make sure that at the same time we are strengthening the communities to make future loss less affected. it sounds like a minor detail. it doesn't cost us any money to clarify but makes it more likely that we will be not before you in the future, because opportunities to spend this money, to strengthen community, will not be lost. finally, congressman holt offered on my behalf amendment 77. now, admittedly, it will require a waiver here, but i think it's worth considering, because we're doing a lot of legislating with this legislation. to clarify that, when we use these moneys, they will be -- that we will make sure that the rebuilding efforts use the best available science and hazard mitigation data. members have been involved in general rate new information. it's not finalized yet. but much of it is available. it would be unfortunate if we don't clarify going forward that these billions of dollars to try to strengthen the community, would

that's why we are back to these long-term deals. holding the american taxpayer hostage is not the way to go. >> can i just clarify what you just said question mark you said the job -- what you just said? you said the deficit we should focus on is the jobs deficit. >> is our biggest deficit, the jobs deficit. if you get people back to work, they are carrying -- paying their fair share of taxes. the treasury is receiving revenue. if the treasury is renewing -- is receiving more revenue, the deficit shrinks. we can grow the economy. the best way to do that is to put american, middle-class workers back to work. to me, every time you talk about stifling the economy through these very aggressive cuts to services and earned benefits, you are not helping the economy grow. the jobs deficit, to me, is the biggest deficit we face. but we have a lot of other challenges. social security medicare are among bashar not among the most immediate challenges. if you ash social security and medicare are not among the most immediate challenges. we have p

that has a long-term fundamental decline as is the case here. do you think people have given him enough of a chance, enough runway to try to make this work? >> well, he should have come out, the way i look at it and said this is a three to fo five-year thing. there was a lot of hype with him coming over from apple and he felt on that day i'm sure he had to say this is the policy because they're trying to convince customers to buy in. he should have said i don't know. it may take five years but we'll try a number of things. >> he did walk in what seemed to be an odd degree of certainty. >> the tape doesn't lie. >> even moderate gains today, getting closer to 14,000, when that 14,164 is not far behind that. thoughts about this even with s&p 1505? >> you know, as we've been saying since last year there is a massive movement into equities. you see it in etf fund flows. shelley bergman was here today and told you you'll continue to have the final turners and they're not out there. stocks are there. >> finally a verdict on high yield at this point? >>

it says that there should be no long-term increase in the debt limit until there's a long-term plan to deal with the fiscal crisis that faces our country. every hard working taxpayer in america knows that they have to do a budget. every hard working taxpayer understands that you expect continue to spend money you don't have. we are committed to continue to do a budget every year. and if you think about this, it's not just that we've done a budget the last two years that addresses our fiscal crisis. even when the democrats had control in the two years before that you all did a budget. and yet, for four years, nearly four year the united states senate has not done a budget. and so this bill before us is real simple. it says congress if you don't do a budget you don't get paid. i have no doubt that we're going to do our work. weefer committed to doing a budget and a 10-year plan to solve our budget crisis and to balance our budget. frankly, i think it's time for the senate and the white house to produce a budget that will balance over the next 10 years. you know, most americans would look

it's a very difficult situation for many seniors who are long-term tenants. any time i go to get information they say well, go talk to your social worker. i am not homeless. i don't have a social worker. i don't have a clue how to get a social worker. so i wanted to say i wish there was an easier way of knowing how to get access to information on senior housing that is available. i have called many places and they say, our waiting list is closed. we don't have any idea when it will open up. i mean, the reality is maybe i will have to leave san francisco, which is my home, which saddens me. but i just wish there was a way to know. because people seem to know -- there are people that seem to know how to get in and do it and i just don't. and i would like to make that more easy and accessible to more people in my situation. thank you. >> thank you. next is it steve crabiel. >> i'm with

in the end long term we have to recapture the education system. the left to go over the university's and we have to get the system backed. the a.d. is in washington with the school system the way to do that is to privatize with vouchers or credits but that creates a competition and since our ideas are better they would win. long term the biggest fight is to privatize and minorities and low-income are huge victims of the education system. it is not designed to deal effectively except those in college and that is not effective. we have to combine the right philosophical ideas and this is what heritage does well, we have to impact opinion leaders by world-class research these experiments have been tried and failed. if we do it right to remain not convince the far left we are right but abb less confident in their ideas. we have to preach to acquire some those who do not agree we have to have world-class research that refutes the consequences that comes from their good policy. >> thank you for your remarks. you say americans fundamentally don't want bi

clearly this is a long-term probable. if we're focusing on just 401(k)s i don't see this as a net negative, people being able to access their own funds and use them as they see appropriate. >> i definitely don't recommend it. >> steve, while i have you here, i understand you have more detail on secretary geithner's letter to speaker boehner. >> right. >> what can you tell us. >> on the one hand it's completely expected. there are four extraordinary measures that the treasury secretary is allowed to invoke as we near the debt ceiling. what he did in this letter that just came out is he invoked the third one. i believe all four of these measures are built into the existing timetable the treasury has when it comes to when we'll hit the debt ceiling which they are saying sometime around the beginning to the middle of march. i would caution, however, that three of the four are gone. there's nothing beyond the four that the secretary can legally do to avoid hitting that debt ceiling and having to make kind of choices as to the

safety is being diversified and taking a long-term view. if ever there was a year that proved long-term view, it was 2012 -- it was full of bumps. but if you stayed the course, it was a very successful 2012. i think taking a long-term view can work very well in 2013. >> susie: to take away, redefine "safety." >> tom: while house lawmakers took action on the fiscal cliff, they failed to take up a bill to help the victims of hurricane sandy. a vote on the $60 billion federal aid package has been delayed until tomorrow. that sparked outrage and finger pointing from new jersey republican governor chris christie. >> there's only one group to blame for the continued suffering of these innocent victims, the house majority and their speaker john boehner. this is not a republican or a democratic issue, national disasters happen in red states and blue states. >> tom: boehner's aides said the speaker will make the sandy relief bill his first priority in the new congress, which will be sworn in tomorrow. >> susie: american consumers and business execut

we need to have long-term tax policy, long-term budget policy, long-term regulatory policy.his a few months at a time, not careening from a debt ceiling debacle to a fiscal cliff to some other issue with tax credits that expire every few months and all that kind of stuff. so i think somehow the government as a whole has to come together in order to give business the confidence it needs. >> the single most important constant that we need to get under control is health care, which now takes up 17% of gdp and still rises much faster than inflation every year. peter orszag ran president obama's office of management and budget during the first term. he says obamacare moves us away from a bad model where doctors and hospitals have a financial incentive to sell you lots of services. getting health care costs down is absolutely fundamental to the long-term fiscal care of this country. so what would he need do in the second term? >> i think he needs to do several things. we need to move away much more rapidly. we don't need to wait until 2020. the big gap that remains is medical malp

safety is being diversified and taking a long-term view. if ever there was a year that proved long-term view, it was 2012 -- it was full of bumps. but if you stayed the course, it was a very successful 2012. i think taking a long-term view can work very well in 2013. >> susie: to take away, redefine "safety." >> tom: while house lawmakers took action on the fiscal cliff, they failed to take up a bill to help the victims of hurricane sandy. a vote on the $60 billion federal aid package has been delayed until tomorrow. that sparked outrage and finger pointing from new jersey republican governor chris christie. >> there's only one group to blame for the continued suffering of these innocent victims, the house majority and their speaker john boehner. this is not a republican or a democratic issue, national disasters happen in red states and blue states. >> tom: boehner's aides said the speaker will make the sandy relief bill his first priority in the new congress, which will be sworn in tomorrow. >> susie: american consumers and business execut

in the long term the long term, the most important thing is to recapture the education in. the left took over the universities. they took over the elementary, because they teach other teachers and that got to get the system back because for having the wrong ideas. the ideas in washington are toys and school systems universally today. the rate to do that is to totally privatize education vouchers or tax credits. what that would create his competition in education. since our ideas are better, this idea certainly not they could come he, so long-term the biggest fight is over the education system in privatizing education. and it's interesting to me, minorities and low-income people and our education system. it's not designed to deal effectively except for people in college and that none of their effect of consequence. once once your site is that education. the fight in the short term we have to combine and this is something heritage does. this got to impact opinion leaders across the room by world-class research because these experiments have all been tried, so if we really do

so instead a short term solution i ask that you guys put your brains together and come up with a long-term solution where we can be at our campus and my son can grate there in eighth grade. >> ma'am, could you state your name? >> sorry. my name is monica collins. thank you. >> good evening. my name is lillian car don'ta and my was and i have two daughters at creative arts charter school, a kindergartener and a second grader. i know people have expressed what an amazing and strong community we have at creative arts and i can confirm what everyone is saying is true. i am honestly uneasy with the prospect of combining the schools in the same space. i'm the mother of two young students who would be impacted, and over run i feel by addition of 300 middle school age children. our yard space is very small compared to other public school locations and i'm not saying those should be subject to be combined but born and raised in the city i know what other schools look like. since the december 2012 fire our kids are force the to eat the lunches outside on the black top and it was a cold winterer and

we need to deal with spending in the long term. >> cut long term spending.your long term spending cut plan? >> a proposal to cut long term spending. >> it never goes below historically high levels of gdp ever. >> the republicans aren't cutting much more than that, either. >> there is a plan. >> we're talking about a few percentage points here not making a huge bit of interest. the national debt is going to increase. nobody is talking about paying off the debt. [ overlapping speakers ] >> paul ryan's plan balances the budget and brings down the debt. >> when? >> you're going to stay with me. we'll yell about this and scream about this and talk more about the -- i have all my homework on the 14th amendment. i'm so proud of myself. probably the only guy in the country that does this. keith, kathryn, jim, we're going to get back to you later in the show. hang with me. >>> now here is a reality check on the gun control debate. even the strongest supporters of new bans on guns and ammo are realizing that changing the existing laws is going to be almost impossible.

but the issue is long term. labor force will soon start to decline in china. that chinese economy enjoy a dividend in the next decade or decades. >> how should asia be prepared when china slows down? >> india will become next leader of asia's growth. it has a large population and the income is still very low. that means there is huge room for catching up. and then, of course, there is pakistan, bangladesh, vietnam, many countries in asia. so i'm quite optimistic about the long term growth prospect of asia as a whole. >> reporter: the asian economy has stayed relatively firm despite a recession in europe and a slowdown in the u.s. but kudo points out that more cooperation is needed in the region to prepare for further headwinds. >> i think countries should create more to try to stabilize interregional relationship. most of the countries have no capital and they trade freely. it has been at the center of the regional cooperation in asia and it needs regional development and will continue to be so or they must strengthen their activities in the area of regional c

lowering the risk of long term complications associated with these injuries. unfortunately i had to retire 16-year-old athletes from sports. >> cheryl: you have an organization? >> we founded, co-founded with dr. cindy chang and we founded the california concussion coalition. its special program. a nationally recognized nonprofit that emphasizes research in concussion. coalition emphasizes education. we want to work with all those involved in sports, coaches and administrators, parents and athletes about how to properly identify and respond to the injuries if they occur. how to manage and treat these injuries and when it is safe to return athletes to activities and play. we also work with medical providers and provide education and staff to the community. on february 9th we're doing an all day conference and first of this type in northern california. if you want more information on that, go to our website. >> shu: i think with the traditional sports, skateboarding you have skateboarding and biking. what would be the signs, if a kid fell off a bike, what would

you may need to be saving money for the long term. but it is your obligation to plan for the long term as well as the short term. the ada has a set of priorities that guide you on how you will be serving your property. the ada says a certain party of getting in the front door, but you are logical, you want your customers to access your services. be that steps, be that ramps, if the door is not wide enough, if the landing is not level enough. priority two is actually travel. once you get into your business and start speculating the wits of your files. access to all of your services. [inaudible] rearranging furniture. that is something we would call readily achievable, if you move your table out of the way to allow a person with a wheelchair access to your space. restroom facilities only come into play after you have already made the entrance accessible and you have trouble accessible. restaurants only have to be accessible if they are available to your customers and clients. and actually does not cover employee access to the restrooms.

vision for -- short and long-term vision for this department rather than being focused every week on our agenda. >> i'll have to agree with that. i don't know what the form is when we bring it into play, but i would love to see the notes if you had a packaged docket that went along with that, maybe the commissioners might have interest and that might spread the idea of bringing it before us and a larger body. >> commissioner sugaya. >> there was a piece in the paper about other commissions and boards holding annual retreats i think at the beginning of the year. i know there's a noticing issue, but i think sometimes the public realizes that they don't have to show up all the time. anyway, it might be an idea to take into consideration and i think it was -- i forget the commission who -- they do meet here, but they held their retreats, i think it was the southwest community center, and just back on veteran's commons, [inaudible] is sponsoring organization and they were assisted in the development by chinatown cbc. >> i wanted to add one thing and maybe apologize if it's in your directo

drivers of a long-term debt., you can do two things at the same time. you can spend -- are you -- first of all, do you agree, there is a long-term structural problem with medicare and medicaid especially over the next 20 years? >> yeah, there is, but you've got to ask the question, why is it urgent that we address that problem right now? i mean, think about -- yes, there's no question, if you take the past trends in health care spending and project them forward 20 years, there will be a problem. >> right. >> so we're worried that we might have to have cuts in benefits later on because of this problem. and a lot of proposals out there are saying because we face the threat that in the future we might have to cut benefits, what we have to do right now is have a plan to cut benefits in the future. what exactly is that solving? why exactly, if the problem is we are worried about health costs in the year 2025, why exactly is it urgent that we do something now? because we're not talking at this point about paying down d

find a long-term solution. we want the same opportunities that other children that are thriving. thank you. >> good evening everyone, school board, and superintendent. my name is rudy corpus. i'm a parent, proud parent of my three kids who go to creative arts. i got one of myself kids on the honor role but i'm here to talk about the coexist annual bringing. >> >> gateway middle school elementary school to the schoo. i feel it's a bad idea. it wouldn't work for either school. the campus is too small than comparable schools. it would mean over 700 kids which makes no sense especially when there are more schools with more space and less kids. i think a lot of parents already talked about how much the school's been through already and how a lot of kids have to eat on the black top which i don't think is good, but i think it's important to know my main issue is the safety and the academics. i run a violence prevention program that has been in the school district for 18 years now. we started at balboa before they reconstituted the schools and one of the reasons it was bad because of th

they see this as their long-term place. they're part of a community now, one that's shared by everybody. it's the responsibility of everybody to share in this as well. and, again, i want to thank not only the sf foundation, but the enterprise community partners. they've been such a great partner with us as well. and they are working with us to make sure that the private sector and the nonprofit sector are engaged all the way through this. so, these are all of the different partners. it's complicated, yet housing authority and the way we did public housing was also complicated unnecessarily. and i know now this is the way forward. and this is what we have to do for everybody that lives in public housing. and we've got to get away from that isolation that we had been comfortable with in the past. now it can't be comfortable for anybody. the comfort level is about our future and everything else that goes with it. so, i want to thank everyone for being here. again, of course, supervisor malia cohen, you and i have got a lot of

but the issue is long term. labor force will soon start to decline in china. that chinese economy enjoy a dividend in the next decade or decades. >> how should asia be prepared when china slows down? >> india will become next leader of arab wsia's growth. it has a large population and the income is still very low. that means there is huge room for catching up. and then, of course, there is pakistan, bangladesh, vietnam, many countries in asia. so i'm quite optimistic about the long term growth prospect of asia as a whole. >> reporter: the asian economy has stayed relatively firm despite a recession in europe and a slowdown in the u.s. but kudo points out that more cooperation is needed in the region to prepare for further headwinds. >> i think countries should create more to try to stabilize interregional relationship. most of the countries have no capital and they trade freely. it has been at the center of the regional cooperation in asia and it needs regional development and will continue to be so or they must strengthen their activities in the area of regio

cheryl: long term health insurance and whether you should buy it.are likely wrong. dennis: maybe it was not those new batteries that forced regulators to ground the dreamliner. we'll tell you what may have been the cause in "west coast minute." first, a look at ten-year treasuries. ♪ ♪ [ male announcer ] this is karen anjeremiah. they don't know it yet, but they' gonna fall in love, get married, have a couple of kids, [ children laughing ] move to the country, and live a long, happy life together where they almost never fight about money. [ dog barks ] because right after they get married, they'll find some retirement people who are paid on salary, not commission. they'll get straightforward guidance and be able to focus on other things, like each other, which isn't rocket science. it's just common sense. from td ameritrade. tracy: i'm tracy burns with fox business brief. previously opened homes took a breather after three month of gapes. national association of realtors says pending home sales dropped 4.3% to a reading of 101.7. durable goods order

. >> we'll remind you that we're adjourning in the memory of a long-term employee of the transit division. >> we'll be meeting next on the 29th. happy new year everybody. >> hello. and welcome to "need your district supervisor -- meet your district supervisor." supervisors campos is our supervisor for this week. welcome. thank you for joining us today. tell us about your background. where you grew up, went to school? >> sure. i was born in guatemala. i was brought here by my parents. i grew up in l.a., and then moved up to the bay area, and i went to stanford. i came back after law school. my background for the first few years was as a practicing attorney. i worked in the private sector for a number of years. and then i worked for the city as a deputy city attorney and then became general counsel of the school district of san francisco and through that became involved in politics and at some point decided to run for office. >> you have lived in san francisco for awhile. why did you decide to live here? supervisor campos: i have always felt that san francisco is unique. i have always loved

we've got to think long term. ♪ vestors like youe : 1-800-345-20 long term.ve got to think long term. can >> and we're back now with our panel. no one they know of thinks it's a good thing that those children were slaughtured up in connecticut, but there's a great deal of disagreement on how do you stop that from happening again. dee dee, what do you think has the best chance of passing? what, if anything do you think is going to happen? >> well, summer there is broad consensus in the country for enhanced background checks, eliminating loopholes for gun shows and other private transactions for guns. again, 80%, even among gun owners. also large magazine. again, broad consensus in the country that those should be banned. i think you will see a bill including those provisions that will have a good chance of passing. the assault weapons ban is much more difficult. we went through that in 1993, and it's very hard to even define an assault weapon and it's very easy for manufacturers to work around whatever that definition is. that's tough. what the president and t

performance or even harming long-term performance. what are the things you can do? you can ask the company to do a massive share repurchase to drain cash out of the firm. that will leverage the permanent it more likely to fail, but it will bump up the share price. you can cut down on expenses like research development and customer salaries. until the inevitable consequences, you lose your good employees, you have no new products in the pipeline. another fairly reliable way to bump up share price is to sell off parts of the firm. there are some theories why, but we do know that when you put a company on the auction block, generally you can get a premium price for it, and the person who buys it will not do any better with it than the original owner. still you get an increase in share value without an actual increase in performance. it turns out those are exactly the things that short-term investors like hedge funds typically agitate the board to do. here is the problem. what if you are a long-term shareholder, and i do get comments like