not yet. >> reporter: a turn in home prices is helping freddie mac. with delinquency rates falling, the company reduced its provision for bad loans by $1.7 billion. karen petrou estimates loan loss reserves are now less than 1% of freddie mac's mortgage portfolio. >> that might be enough, but it's a very risky proposition. >> reporter: and while freddie mac now owns fewer bad loans made during the housing bubble, it is taking on some new risk. 8% of its loans are now to people who have negative equity in their homes. >> so when they refinance, the loan has a very high loan-to- value ratio, 125% or even higher. those are by definition risky loans. they may be new, but they're risky. >> reporter: another risk: mortgage rates are hovering near record lows. >> they have a tremendous amount of interest rate risk in their book. so when interest rates start to go up-- i believe it will a year or two or three-- the value of their portfolios will start to plummet. so we have some losses baked into the cake we just haven't recognized yet. >> reporter: lawmakers

the fried mac and cheese. the twinkies. i wanted something classic with a twist. >> those look crispy. >> yes. >> fried mac and cheese. >> whoa. >> are these the best ones you have ever had? >> yes, they are. i have only had one other twinkie, and that was the regular one. >> would you say you had the winning meal? >> definitely. >> do you think your the food truck challenge chompian? >> yes. >> you're not. claire won. congratulations to the first- ever food truck challenge chompian. ;v3fíéi>> i got a free meal. more importantly, you showed me how tasty the food trucks can be and facebook. out our blog. this has been quick bites. until next time, >> it was an exciting event for those who wanted some long needed improvements. >> they saw it and they took care of it. >> the project is expected to open in spring, 2013. for more on the playground, includud >> at the san francisco recreation and parks department we offer good quality day care of your child will love, including outdoor adventures, aquatics, and programs for child

>> can i get eight hamburgers, four big macs. i've got it. this is the breakfast, lunch, and dinner of champions. this is the 10,000-calorie diet. what do i get? let's see. a lot of hamburgers. four shakes. oh, i got fries -- lots of fries. four cokes and then more burgers. 10,000 calories. the wall street journal notes that some athletes training menus sound like a wish list for a kids birthday party. nathan adrian loves fatty desserts. kathleen hershey loves chocolate. missy franklin prefers sundaes topped with gummy bears. >> we dropped in on the daily practice of the u.s. team at a stadium in east london. sanya richard ross will be running in the 200 and 400 meter races. >> the guys have so much more freedom know than the girls. we're sitting next to the french basketball team and they're all eating mcdonald's. we're eating a salad and grilled chicken, but women tend to pack on weight quicker than guys do. >> disk us throw lance can eat all he wants. he figures he burns 8,000 calories a day. he eats six times a day, but not fast food. >>

but it's not enough to shock troy or mac. seconds, dozens of fish start leaping out of the water in all directions. >> left side, right side, front, back, all the way across the river. they were just jumping everywhere around the boat. >> oh! there's one! up on my shoulder! >> the fish are so active that the guys have to protect their heads. and it's no picnic for the cameraman either. >> boom! >> hit the cameraman. >> nailed me right in the back. >> some of the fish weigh more than 20 pounds and they're propelled by powerful tails that can launch them up to six feet in the air. >> oh, my gosh! >> the fish are asian silver carp, also known as flying carp. and while their behavior looks bizarre, the jumping carp are actually responding to the boat's motor. >> it gets startled by this sound and reacts by leaping out of the water. >> look at this. look, oh! >> the fish frenzy is an entertaining spectacle, but there's a serious downside, too. >> this species is really an invasive species. it is not native to these waters. and it

know if you love your big macs and are on their part to finish probably stay away from countries like norway switzerland and brazil as well to the headquarters of the south more exotic like time and south africa but don't just take my word for it let's take a look at the charts in detail this year the big macindex looks at changes since the global money market seized up in the summer of two thousand and seven the economist assumes the production costs are equal overall that means it's possible to measure the purchasing power of world currencies in the rough months to the dollar according to the price of big macs we can see there that the ruble won from being undervalued forty percent to about a fifty percent products was born again straw in the heart conclusions from this index because it is based on the theory of purchasing power parity which says that extreme traits that moves up the price of a basket of goods is the same in each country but as we all know of course with the low wages around for countries that varies why says so it's like this where a grain of salt and joining a big

i mean the taxpayers don't have to keep bailing out fannie mae and freddie mac. i think i think that's the first point is we've bailed out a lot of institutions that shouldn't have to get it that doesn't mean we need to keep it with fannie mae and freddie mac. but more to the point with principle reductions they work in some cases that's why some people back them but look at the results of the program that we're talking about the home affordable modification program champ fifty percent minimum of people who have gone into that program i wound up redefault thing on their mortgage the point of this point of modification is to in theory help families that would otherwise be able to make payments on their homes and they they just got behind only to lower the payments but when we've done that through this program already at least half of them have read the bulk of it so when the market looks at the numbers and they look at what the outcome could have been and what the minimum benefits the taxpayers would have been any assumed about a fifty percent success rate if you

you know, a new mac os. i think he is watching as people screwed up the wonderful baby it helped create. >> and finally the two was triumphant -- >> it creates an operating system at a certain point, jill amelio who has been running apple says i have to buy an operating system. he looks that even microsoft. the question of adapting windows. that would have been weird. [laughter] and then there's this amazing operating system that tevanian and steve jobs at dynax, which was exactly what apple made it. so eventually apple decides they have to get mixed up by the operating system. if you get the operating system, you also buy next to get steve jobs. and i'm not sure, but i think it was jill amelio meets steve jobs came over. steve jobs is back in the saddle. >> in fact to tell the whole story. emilio tried to resist that. but he just found himself being drawn in. and then begins may be, arguably one of the greatest decades that any corporation -- >> totally stunning. first of all he creates at the new operating

along with mortgage giant fannie mae, freddie mac has taken nearly $190 billion in u.s. assistance.the obama administration is looking to help out farmers who are dealing with the worst threat -- drought in a generation. it will provide an additional $30 million to get more money to buy stock and rehabilitate land. the house already passed the $380 million emergency relief package on august 2. starbucks is looking to expand its starbucks and -- mobil payment system. i'll have more details on that coming up in the next hour. that is business news, live at bloomberg headquarters in new york -- linda bell. back to you. >> it is now 4:37. >> vdot kreuz are trying to the driver's seat after a massive tree >> starting on monday, vdot crews will remove 59 trees in fairfax county. >>this is after a repeat of last month's incident -- a massive tree fell right on to a car on a georgetown pike and killed the driver. most of the trees are a long river bend and ground mill road. the project will take three weeks. >> let's get a check on the forecast. >> we are taking a look at our temperatures.

. >> i had the fried mac and cheese, and twinkies. i wanted to get something kind of classic with a twist on it. >> it was crispy. >> i will admit. >> want to try fieried mac and cheese? >> was that the best twinkie? >> would you say you had the winning male? >> definitely. >> no. >> you are the "chompion." clair has won. you are the first "chompion." >> they know it iwas me because i got a free meal. and check a map on -- check them out on facebook. take a peek at the stuff we have cut. to get our -- check out our blog. i will have >> good afternoon. i'm laurence cornfield chief building inspect or. we're at the brown bag lunch serious. we're here with the department of public works street use and mapping section. nick has been here for 23 years. >> 23 -- who's counting. >> and we will talk today about streets and sidewalks. mostly about sidewalks and a number of the related important issues in san francisco disabled access, hazards, encroachments. what they mean and how you can solve the problems. and maintenance responsibilities, w

. >> i had the fried mac and cheese, and twinkies. i wanted to get something kind of classic with a twist on it. >> it was crispy. >> i will admit. >> want to try fieried mac and cheese? >> was that the best twinkie? >> would you say you had the winning male? >> definitely. >> no. >> you are the "chompion." clair has won. you are the first "chompion." >> they know it iwas me because i got a free meal. and check a map on -- check them out on facebook. take a peek at the stuff we have cut. to get our -- check out our blog. i will have >> welcome to culture wire. we will look at the latest and greatest public art project. recently, the airport unveiled the new state of the art terminal. let's take a look. the new terminal service and american airlines and virgin america was designed by a world- renowned architecture's firm. originally built in 1954, the building underwent massive renovation to become the first registered terminal and one of the must modern and sustainable terminals and the united states. the public art program continues

. >> i had the fried mac and cheese, and twinkies. i wanted to get something kind of classic with a twist on it. >> it was crispy. >> i will admit. >> want to try fieried mac and cheese? >> was that the best twinkie? >> would you say you had the winning male? >> definitely. >> no. >> you are the "chompion." clair has won. you are the first "chompion." >> they know it iwas me because i got a free meal. and check a map on -- check them out on facebook. take a peek at the stuff we have cut. to get our -- check out our blog. i will have >> we came to seven straight about 10 years ago. -- 7th street about 10 years ago. the environment is huge. it is stronger than willpower. surrounding yourself with artists, being in a culture where artists are driving, and where a huge amount of them is a healthy environment. >> you are making it safer. push, push. that is better. when i start thinking, i see it actually -- sometimes, i do not see it, but when i do, it is usually from the inside out. it is like watching something being spawned. you go in,

. >> i had the fried mac and cheese, and twinkies.anted to get something kind of classic with a twist on it. >> it was crispy. >> i will admit. >> want to try fieried mac and cheese? >> was that the best twinkie? >> would you say you had the winning male? >> definitely. >> no. >> you are the "chompion." clair has won. you are the first "chompion." >> they know it iwas me because i got a free meal. and check a map on -- check them out on facebook. take a peek at the stuff we have cut. to get our -- check out our blog. i will have >> thanks for coming out this beautiful san francisco day. for those of you from out of town, it is like this every day in san franciscoúud i cannot really say that compellingly because some of our out-of-towner's are from the bay area. i'm the director of transportation in san francisco. among other things, it gives me the honor and privilege of running our beloved muni system here in san francisco. on average weekday, that means boarding more than 700,000 people. add ac transit, bart, golden gate, and there

just be patient. >> hey, mac. >> mac's coaches stressed to us that he's a really good kid, nice guy, and people shouldn't get a bad impression of this one transgression. maybe this apology could become a trend. bianna, i was the one that put the gum in your keyboard of the computer. it was childish and i was wrong. >> it knew it was you. i accept your apology. >> personal responsibility begins right here on "good morning america." >>> coming up on "good morning america" -- peeping doc? the hollywood plastic surgeon to the stars, allegedly busted for filming his patients. >>> plus, the olympian who's inspiring so many people and inspiring controversy. do these prosthetic legs give him an advantage? so many people and inspiring controversy. do these prosthetic legs give him an advantage? [ male announcer ] it started long ago. it's called passion. and it's not letting up anytime soon. at unitedhealthcare insurance company, we understand that commitment. so does aarp, serving americans 50 and over for generations. so it's no surprise millions have chosen an aarp dicare supplement insura

i don't know why they were afraid of macs but they were. he was grateful that his clark was not seriously hurt in the attack but has a message for them. >> you can run but you are not going to hide. detective malone will not let us down its banks to macs we got your picture guys good work, save that money for commissary you were going to need it. if you recognize any of the men in that video or know anything about this call cicero police with that information. more hearsay evidence in the drew peterson trial but some key testimony to be thrown out tomorrow marcella raymond is live with the very latest on this case. including that hearsay testimony this is day five of the trial and it keeps getting more and more interesting arguments will be heard first thing tomorrow morning about this discovery violation and then the judge will rule if the state loses this police officer's testimony that includes the second hearsay statement, it will be a big blow to their case. a rare moment of silence for defense attorneys who believe they may have won a

still a high number, and housing still in the hole, fannie mae and freddie mac are still in a lot ofits, money pits, the government-controlled housing giants, sucking in $189 billion in bailout bonds, but fannie looking to change its standard, and require 10% down, instead of 3% on many loans, time for a bigger change, just get rid of fannie and freddie, find a better way, david, that is not going to happen but i do like the idea, we're going to you know, you know, make our standards tougher. it just does not apply to them, i guess, what do you make? >> that is for sure. the fact that when you look at fannie mae and freddie mac, they are tightening up, white house announced they will be accelerating, the word they use, the wiped down of fannie mae and fridfreddie mac, interesting thy are doing this is the a time when housing industry is trying to recover, so increasing fico requirements from 620 fico scores, to 640, are things that will prevent some losses, but, neil, it a little bit like closing the door after the barn has burned down a bit. we have got to change these two entities.

markets. >> reporter: the federal government has pumped $190 billion to keep fannie mae and freddie mac afloat. but that money came with a price, a 10% dividend payment. the only problem is, fannie and freddie have been borrowing from the treasury to pay the treasury back. >> each year, they have to come up with $19 billion in dividends. which, when you're not making much money, is hard to do. so they have been borrowing money to pay the dividends to borrow the money to pay the dividends. >> reporter: to end that spiral, instead of a dividend, fannie mae and freddie mac will now simply give the treasury everything they earn. the move is timely, because at the end of the year, the mortgage giants' unlimited backstop from the treasury will expire. next year, they'll have to make do with a credit line of $210 billion. >> they still have a $210 billion backstop. but they're huge. their total obligations are about $5.5 trillion. and in that scale, it's not as much as it seems and it's certainly a lot less than unlimited. >> reporter: the treasury is also pushing the mortgage giants to get sm

. >> i had the fried mac and cheese, and twinkies. wanted to get something kind of classic with a twist on it. >> it was crispy. >> i will admit. >> want to try fieried mac and cheese? >> was that the best twinkie? >> would you say you had the winning male? >> definitely. >> no. >> you are the "chompion." clair has won. you are the first "chompion." >> they know it iwas me because i got a free meal. and check a map on -- check them out on facebook. take a peek

took $1.6 million from freddy freddie mac and cosponsored a bill that would have given $60 million a year to an u.n. program supporting china's brutal one-child policy. >> jennifer: gingrich's campaign called for stations to pull that ad. his lawyers sent a letter to georgia tv station. but the ad did not come down. and the manager of the local georgia radio station told npr while he did get newt gringrich's letter, he he said, quote, these letters come down on a regular basis during the political season. he looked to see that the ad was truthful and then they go ahead and air it as everybody does. that's just what i do not get. how can candidates continue to lie in their ads and get away with it and assume these stations are going to continue to run them. so i want to ask that question to an expert. joining me now from los angeles

mac os has known digital handcuffs to restrict users the recent apple products the i things these have a known back spy features known digital and coughs the nastiest ever an unknown back door flash player which is gratis but not free software has surveillance feature and digital and coughs most sell your phones will transmit your location on remote command that's a surveillance feature and a back to work together thing to control use your credit card i mean well exactly why that's why normally buy things only with cash. point is that non free software because a corporation typically it's a corporation has control over the users through this program it uses that power to abuse them it puts it intentional malicious features how can we protect ourselves free software is the only known defense says richard stallman founded on the free software spotlight will be back shortly for a great stay with us to to continue . well with the. technology innovation all these developments from around russia we've got the future covered. while come back to spotlight on algor novel just a reminder that my

. >> i had the fried mac and cheese, and twinkies. i wanted to get something kind of classic with a twist on it. >> it was crispy. >> i will admit. >> want to try fieried mac and cheese? >> was that the best twinkie? >> would you say you had the winning male? >> definitely. >> no. >> you are the "chompion." clair has won. you are the first "chompion." >> they know it iwas me because i got a free meal. and check a map on -- check them out on facebook. take a peek at the stuff we have cut. to get our -- check out our blog. i will have >> i love teaching. it is such an exhilarating experience when people began to feel their own creativity. >> this really is a place where all people can come and take a class and fill part of the community. this is very enriching as an artist. a lot of folks take these classes and take their digital imagery and turn it into negatives. >> there are not many black and white darkrooms available anymore. that is a really big draw. >> this is a signature piece. this is the bill largest darkroom in the u.s.. >>

por eso pido una comida latina con mi mac & cheese. y creo que está funcionando...stados unidos empiezan a tomar medidas y padre de familia a tratar de informarse acerca de esta poderosa droga. >>> pero si doy gracias a dios porque me lo prestÓ por 18 aÑos. es un dolor tan grande que esta madre dice nunca podrÁ superar. >>> no es normal, no es natural enterrar a un huj. >>> si hijo vÍctima de una nueva droga sintÉtica que inunda las calles del paÍs vrmths. >>> la droga sintÉtica es la nufr generaciÓn de drogas creada en laboratorio. >>> difÍcil de detectar en pruebas de ro gas y aÚn mÁs difÍcil de controlar porque quienes las hacen cambian ingredientes constantemente. >>> el quÍmico casero no tiene control de calidad puede utilizar Ácido de baterÍa, oh de baÑo. >>> un cocktail tÓxico que una dosis puede ser mortal. >>> a las 6 y media me toca la puerta y dice me vo i, no imaginÓ que seria la ument vez, no me dio tiempo de besarlos de preguntarle donde vas, quien mÁs va. Él y 5 amigos irÍan a consumirla droga de moda esa noche hÉctor no regresÓ a casa vrpt. >>> ahÍ e

. >> i had the fried mac and cheese, and twinkies.i wanted to get something kind of classic with a twist on it. >> it was crispy. >> i will admit. >> want to try fieried mac and cheese? >> was that the best twinkie? >> would you say you had the winning male? >> definitely. >> no. >> you are the "chompion." clair has won. you are the first "chompion." >> they know it iwas me because i got a free meal. and check a map on -- check them out on facebook. take a peek at the stuff we have cut. to get our -- check out our blog. i will have >> it was an exciting event for those who wanted some long needed improvements. >> they saw it and they took care of it. >> the project is expected to open in spring, 2013. for more on the playground, includ >> at the san francisco recreation and parks department we offer good quality day care of your child will love, including outdoor adventures, aquatics, and programs for children on the optimism -- autism >> it was an exciting event for those who wanted some long needed improvements. >> they saw it and t

the fried mac and cheese. the twinkies.ted something classic with a twist. >> those look crispy. >> yes. >> fried mac and cheese. >> whoa. >> are these the best ones you have ever had? >> yes, they are. i have only had one other i have only had one other twinkie, and that was the

know if you love your big macs and are on their side for it to finish probably stay away from countries like norway switzerland and brazil as well tonight corporatist are considered more exotic like time now and south africa but don't just take my word for it let's take a look at the charts in detail this year the big mike in that looks up changes since the global money market seized up in the summer of two thousand and seven the economist assumes the production costs are equal overall that means it's possible to measure the purchasing power of world currencies in the reference to the dollar according to the price of big macs you can see there that the ruble won from being undervalued forty percent to about fifty percent products was born again strong in the heart complacency. this index because it is based on the theory of purchasing power parity which says that extreme breaks it moves up the quite a basket of goods is this a quantum part as we all know of course a lot of weight is around import countries that the bearings prices stuff like this where a grain of salt and joining a big

the fried mac and cheese. the twinkies.ted something classic with a twist. >> those look crispy. >> yes. >> fried mac and cheese. >> whoa. >> are these the best ones you have ever had? >> yes, they are. i have only had one other twinkie, and that was the regular one. >> would you say you had the winning meal? >> definitely. >> do you think your the food truck challenge chompian? >> yes. >> you're not. claire won. congratulations to the first- ever food truck challenge chompian. ;v3fíéi>> i got a free meal. more importantly, you showed me how tasty the food trucks can be and facebook. out our blog. this has been quick bites. until next time, >> i love teaching. it is such an exhilarating experience when people began to feel their own creativity. >> this really is a place where all people can come and take a class and fill part of the community. this is very enriching as an artist. a lot of folks take these classes and take their digital imagery and turn it into negatives. >> there are not many black and white darkrooms avail