. >>> good news for burned investors who lost money to the swindler bernie madoff. the latest announced payoff it to victims from the winddown of the ponzi schemer's investment firm is $350 million, that according to irving pick art, the court-appointing trustee liquidating madoff's holdings. that means a total of about $6 billion have been given back to more than 2,000 madoff victims. >> still ahead on "nightly business report," could an unlikely corporate alliance shaning the video game industry and trade the market for consoles? that story is next. ♪ ♪ >>> amazon.com is teaming up with twitter to make it easier than ever to buy things online. a new service called amazon cart lets customers add products they see on tweets right into their amazon.com shopping carts without ever leaving twitter. that could mean downloading a song from a performer you follow on twitter, buying a movie a friend saw or ordering some clothing a celebrity like susie is tweeting about. >> we'll see about that. the consumer battle over which is the best video gaming console may finally be

hopefully from the next madoff, mf global or stanford.s we look at both of your budget requests, two things come to mind. first, technological solutions are important to keep up with next-generation trading platforms that operate at lightning speeds. two, staffing levels have to be carefully consider aredconsider. we also have to make sure they are sustainable. all agencies have to make strategic decisions on how best to allocate rehe sources. as we all know, simple increasing funding doesn't necessarily ensure that the agency will successful achieve its mission. so to the chairs, you both have difficult tasks before you. we ask a lot. we ask that you improve transparency in our securities markets and cover fraud and deception without overregulating our markets and hindering economic growth. chairman udall again, i look forward to working with you as we consider the fiscal 2015 budget requests of the s.e.c. and cftc and i look forward to the testimony and the opportunity to ask questions. thank you, mr. chairman. >> thank you, very much,

madoff,y from the next m.f. global or stanford. as we look at both of your requests, two things come to mind. first, technological solutions keep up with to next generation trading platforms that operate at lightning speeds. two, staffing levels have to be carefully considered. we also have to make sure that they are sustainable. all agencies have to make strategic decisions on how best allocate resources. as we all know, simple funding doesn't necessarily ensure that the will successfully achieve its mission. so, to the chairs, you both have before you.sks we ask a lot. that you improve transparency in our securities andets, cover fraud deception without overregulating our markets and hindering growth. chairman udall, again, i look forward to working with you as fiscal year 2015 andet requests of the cftc s.e.c. i look forward to the testimony and the opportunity to ask questions. you, mr. chairman. >> thank you very much, senator johanns. time, i would invite chairman white to present testimony on behalf of the s.e.c. followed by

. >>> victims of wall street thief bernii madoff are claiming more than expected.they have claims from people in other countries who say they lost money in his ponzi scheme totaling about $4 billion, two times as many claims filed in bankruptcy proceedings. >>> and french bank in talks with the justice department and other agencies to pay more than $3 billion to settle investigations into whether it violated u.s. sanctions against doing business with iran, sudan and cuba. >>> and private lender agreeing to re-pay 60,000 members of the u.s. armed services a total of $60 million that it over charged for loans and ignored an interest cap required by law. here is attorney general eric holder. >> according to an audit, excessive rates were charged to 93%. 93% of active duty service members who had loans that were owned or serviced by sally may. >> sally may will also ask that all three major credit bureau reports delete any credit history related to those charges and any improper default. >>> and coke plans to up its stake in curry green mountain, the company that makes

the disaster happened in bernie madoff -- in a remote province. >>> this man tend to than injured boythis child is one of the luck which ones. this clinic is one of several set up near the disaster area. >> translation: we found aninjured child who was trapped in the mud. he has injury and is undergoing treatment. >> many other people were not so fortunate. when the landslide happened it entombed most of the village. statements of the number of people killed vary, but it's clear there has been a substantial loss of life. >> translation: after the landslide happened i came here along with my friend. we couldn't rescue relatives. a huge number of people have been killed. a number of others have trapped. >> for many survivors, home is a tent. aid agencies say they have their work cut out and there are fears that the hillside that fell on the community is so unstable it could happen again. >> a team has just arrived and we have this update. >> the villagers tell me that aid has cox. it's temporary but not organised. they want transparency in terms of delivering aid to the people, people t

. -- and i acknowledge, this was prior to your time -- but it failed to detect ponzi schemes like madoff stanford, didn't sound the warning on the collapse of the u.s. financial system, or near llapse. that describes for me a very serious problem within the sec. you may disagree with that and you may agree with that but i would like for you to spend this time since this is a great opportunity for oversight to talk to us on the committee about your view of what needs to be done to avoid a future made off a futures ponzi scheme. what are you doing that changes the culture and the dynamic of how people look at their role and responsibility in terms of dealing with charactercharacter s like that and in terms of dealing with the financial system of the united states? >> i think several points there. one is the agency has acknowledged this. there were weaknesses and issues before my arrival the agency had made specific progress on addressing. that did happen. for example in terms of a ponzi scheme today one of the items in our budget request that we are seeking to enhance even further is the t

meanwhile, they're not going after bernie madoff. are you sure it's just the epa looking at porn and downloading it on our dime? >> we see so many things that are unfolding where the government fails to manage its people. and that's sad. >> why can't you fire them? >> we need to fire them. that was my question today. how many have we fired, out of all these people? the answer was zero. >> how come? can't you fire these people? they're gnaw doing their job. we don't pay them to look at porn. >> we don't, and the american people don't understand it. i don't understand it. and what we've got to do is figure out a way to penalize these managers. >> how about pass a law? you look at porn for two minutes, you do anything about your job, and you're out? >> and if you look at the tapes of that interview, it went over and over of how they avoided the question on, you know, how they should deal with this particular thing. talked two to six hours of viewing it. what it didn't say in that teaser is two to six hours every day since 2010. i mean,

bernie madoff made a similar point. makes similar point. >> more to the point, there have been these other investigations. >> yes, there have. >> just playing devil's advocate here -- >> it's a fair question. >> ba will we get from another investigation? >> here we know as in the irs case it took a non-profit to get a smoking gun email. that suggests -- we don't know why they were there, hillary clinton's involvement, et cetera. the idea of asking more questions is a bad idea. this is same thing with global warming, it is settled. be quiet. don't talk no more. journalist, really? i have some questions. let's make you answer them. >> harris, what do you think? >> this is starts where the questions are, one thing i'm saying republican not do start with the pressing question kelly ayote, what the families who lost loved ones is why has no one been held accountable? gop might find favor inside the beltway and getting more americans to tune in. statistically they say they're interested in. they're not beating down the door f

. >>> and we just got the "all clear" a couple of minutes ago for this accident in the madoff. it's counter -- in the maz. all things are back open and things look good in the area. here's a leave look in oakland at the nimitz 880 near the oakland coliseum and oakland airport. no delay if you have a flight to catch heading out of town for the long holiday weekend. and a lot of the overnight roadwork is actually cleared. they cleared the macarthur maze. they should have just reopened those left lanes from the incline to the tower at the bay bridge. no delay behind the toll plaza. once again, you may see some fog and even a little drizzle for the start of your morning commute. this is a live look at westbound 580 near the dublin interchange. out to the golden gate bridge, also a little drizzly this morning. 14 minutes between 580 and the golden gate bridge toll plaza. three lanes open in each direction approaching the toll plaza. and bart is on a normal schedule. everything is often time. you may see lighter -- everything is on time. you may see lighter on this start of the holid

sterling was voted the most hated man in america by a research poll beating out bernie madoff, o.j.pson simpson and justin bieber. >>> memorial in ohio better none as jack's tournament. 7 of the top 10 players in the field this week doesn't include phil. vintage lefty out of the bunker on 13. holds it out to save par. that would have been a great time to just call it a day. mickelson would end his round with back-to-back double bogeys and he shot an even round 72. rory mcilroy is hot playing loose after winning last week in england. he had two eagles on the back nine. mcilroy 9-under 63. how did he get so hot after breaking off his engagement? obviously devastated. >>> french open 41-year-old sloane stevens looking to pick up the torch for the american tennis ander is vina and venus were knocked out yesterday. she defeated her opponent in straight sets to advance to the third round. >>> nfl, lamarr woodley is one of many new faces in raiders camp for practice this week. after playing 7 seasons in pittsburg, the linebacker expects his new home to be a little more profitable. >> harde

looks like it's backed up to the madoff already this morning. the approaches look okay.to get into san francisco is going to be a bear right now and you're backed up for at least 20 minutes or so just to get you on to the bay bridge. the incline to yerba buena island is slow. we also have an accident we have been watching right outside our kpix 5 studios. battery street and broadway, it looks like it's a minor injury crash but some lanes are blocked around that intersection, some muni buses have been detoured. they are detouring cars off at front street. southbound 880 at tennyson this accident is right there and it is still off to the right-hand shoulder. we are seeing a few slowdowns on those southbound lanes from 238. once you get past tennyson things get better. here's a live look at the silicon valley ride, westbound 237 looking great so far leaving milpitas heading to sunnyvale. there was a problem i guess approaching great america parkway on westbound 237. an object on the road doesn't appear to be causing a delay. you can see that drive time still about 7 minutes

from something on a financially at a basis from a creature are was set for many years that bernie madoff was a success. a couple other programs are a couple others successes that he describes, which the sunni led government backing away from a policy those who conceived to begin with. one example is the 1965 immigration reform are we got rid of racist immigration quotas and that was good to get rid of them. but i am not sure that success is the right way to describe that. next was been thinking of the 1978 airline deregulation, where prior government was engaged in restricting entry in restricting prices for airlines, consumer airlines antiregulation backed away from the ill-conceived policy. i think it sort of sit just that government intervention is somehow successful when in fact the success wasn't backing away from an ill-conceived government intervention. the next step up the mountain has to do with economics. i think that the author has a very good grasp of neoclassical economics are not forget being, but you don't want to take it too seriously. neoclassical economics is focus very

his endowment also lost $4 million to bernie madoff. just gone. >> we basically have written that money off. it's basically gone. >> but canada's experiment did receive a boost when president obama announced plans to create promise neighborhoods across the country modeled after the harlem children's zone. >> if the harlem's children's zone can turn around neighborhoods in new york, then why not detroit or san antonio or los angeles? >> and a lot of students came to school on saturday... >> there are other charter schools getting similar positive results, but replicating the harlem children's zone in its entirety may be difficult, in part because it's hard to determine exactly which ingredient is the key to geoffrey canada's success. >> i feel like i've gone to a phenomenal french restaurant. the dish tastes good, but i'm not sure exactly what they did to do it. >> he's doing so many different things. he's got this all-hands-on-deck approach. >> he does. he does. he does. and i think the key step forward from here is that we need to kind

money made with the bernie made off scheme, back the money that they lost in the bernie made off -- madoffhey sold $700,000 worth of contemporary art, the most ever. much of this winter barnett and francis bacon. those are the top headlines. >> i was looking at this. the rangers game, between periods. from the surveillance box at madison square garden. >> $1 million, we are not doing that. >> vermont is the first state in the nation to demand the labeling of gmo's. michael pollan with us. of's are within 70% processed food. have we passed the point of no return? >> these are kind of in trouble as a product. these are crops engineered to withstand herbicide. they are failing in the fields. out howbes have figured to resist against this? >> you put enough of the same herbicide down, evolution dictates you will select for resistance. the product is in trouble and the public is running away from these products every time that they get a chance. gmo-free label, along gluten, is the most popular and there is more support than there was years ago. i think that these companies find themselves in a

. >> all my money went to madoff. >> when we're not, we're eating adore t doritos. >> i love doritos.dinner tonight, because it was making us hungry. >> here at your studio in l.a., we don't have anything. >> nothing? >> did you even have a makeup person? seriously -- >> yes, i had to pick -- i had a makeup person, but i had to pay for her myself out of my own pocket. >> we've got to go to the video! go to the video! >> here's what we're going to do. i've got about 15, 20 minutes. everyone sit down. please be seated. please be seated. please, everybody, be seated! please be seated. everybody, please have a seat! have a seat! please, everybody, have a seat! have a seat. please, everybody, have a seat. except you guys you guys can't sit >> i don't really know what to do. should i wave? let's sit down, everyone. >> please, everybody, have a seat. >> i'm so proud of y'all. sit down and rest your feet. >> ladies and gentlemen, we're going to begin our program. we're going to start tonight with one of our favorite parts, which is the awarding of our awards for excellence in journalism. to h