requirements and margin requirements are different for different classes of assets so it junk bond you have to put up more of the junk bond if you want to put it into an account and borrow against it the margin account as it's called treasury bills you can borrow one hundred cents on the dollar t. bills you can borrow one hundred cents on the dollar but what they're saying here is that there are so worried about the underlying fundamental. all integrity of these global markets that not even a treasury bill is as good you know hundred cents of the dollar they're going to require you to post more of these bills into these margin accounts because quite frankly these global economies are at the risk of this precipitous collapse caused by over indebtedness and the c.m.e. it almost sounds as if they're doing something responsible but that can't possibly be true because they've done nothing but conduct themselves irresponsibly for years but let's see what else is on the subject of well there's another headline regarding this and they're saying that c.m.e. acts to curb volatile treasury future

and by increasing the amount of pressure ability to put into a margin account before you can borrow little's against it you are supposedly decreasing the volatility and they're hoping by decreasing the volatility they're going to increase their order flow but you know the point about the you know the main point about this case here about is that what the c.m. is not mentioning and what people tend to forget is that on an exchange with the new york stock exchange seventy percent of the volume is computers trading with computers and they do this you know people think that prices are the result of supply and demand and the a lot of people want something for the price goes up and it happens as the result. detail one of the transaction you end up with a price based on the buyers and the sellers but that's not true any more you have traders on wall street loaded all manner of j.p. morgan first to figure out the price they want ahead of time they create the algorithm they release the algorithm on to the floor of the exchanges and then the algorithms take prices to the pre-determined levels

you can see yellow, which is marginal coverage. verizon has received customer complaints for dropped calls and inadequate service in this area. they found the very best site to solve these needs at this specific building. it is between existing horizon facilities -- verizon facilities. and finally, taking a dramatic look here at the after coverage map, it speaks for itself. green is good coverage and we have solid good coverage. of note, they are the backup supplier for the city and county of san francisco. it does provide a needed coverage with emergency 9/11 services. president olague: we will open president olaguit up for public. i have to speaker cards -- two speaker cards. any additional public comment? now is the time to come up to the mic. >> in the afternoon. i have been here for over 40 years panhandle -- and [unintelligible] president olague: thank you. any additional public comment? seeing none, public comment is close. -- closed. come up to the mic. no worries. >> we are verizon wireless users. [unintelligible] >preside

(laughter) >> jon: so closing a few corporate tax loopholes and returning the top marginal tax rate to the 90s economic boom time levels is class warfare. and if there's one thing the rich have learned, it's that class warfare is hell. >> he invoked the corporate jet class. >> so that's a whole new category of people to demonize, right. >> soak the rich, it's their fault. >> barack obama's tax on these evil, disgusting corporate jet owners. >> demonizing the rich as evil, as lazy, as inheriters of their wealth. >> he's saying fat cats. >> it's disappointing. it's class warfare and the kind of language you would expect from a leader of a third-world country, not the president of the united states. >> jon: true, because united states of america is not a third-world country. by any measure. except perhaps income in equality where we rank-- worse than the ivory coast, worse than cameroon-- 64th. ah. in your face uruguay, jamaica and uganda. (applause) uganda? yeah, uganda, yeah. (applause) >> jon: keep trying, rwanda. (laughter) wow. and by the way, not only is closing corporate loopholes-

so where is the space for this marginalized community? i did a story two years ago that focused on west oakland, dealing with asthma rates. nobody in west oakland had the money to pay for it, but everybody read it. i know because i walked around and handed out paper copies of it. how do we focus on those organizations, the people who cannot do it themselves? i am sorry to answer your question with a question, but it is something i am passionate about. >> hello, i am just graduating high school this year. i plan to pursue a career in journalism. like others, i get a constant reminder that it is a struggling field. personally, i am not too concerned with money. i am just passionate about journalism. like many others, i want to know what it is looking like for people like me, who are planning to pursue a career in journalism, what steps do i need to be taking? >> four years from now, i believe she will be out of journalism school, what will landscaped look like? >> it will look great because you are cheap labor. [laughter] and there is plent

the margin remains the same right now. incumbent republican senator alberta darling still with a 53% to 47% lead. at 82% of precincts reporting over her democratic challenger, sandy pasch. i also want to let you know, ed, that the democratic party of wisconsin chairman, mike tate, has just issued a statement. he says "following evidence of election tampering in the 8th state senate district race," i'll read you the statement. "the race to determine control of wisconsin's senate has fallen into the hands of the waukesha county clerk, who has already distinguished herself as incompetent if not worse. she is once more tampering with the results of a consequential election, and in the next hours we will determine our next course of action. for now, wisconsin should know that a dark cloud hangs over these important results. brief response to that, ed? >> well, they were talking investigation. as i said just moments ago, i don't think these people will going to let this go whatsoever. sources are telling me there are people that

than incentive packages, and i would say when it comes to making a choice between the marginal rate and incentive package, i choose the lower rate and get rid of the incentives. >> mr. lang, do you agree with that? >> i think having a competitive rate is important. i believe research and development incentives swelt research in the country is a foundation for the i.t. industry that built growth in the country for the last several decades. it's a combination of several factors. we need to be competitive as a country or stand to lose something that was invented here. >> right. not to be argumentative, but that's the dilemma, looking at competitive rates globally, but at the same time, the incentives that are also given around the world because we are losing because there are incentives being given in other countries, and as, again, mr. chairman, on the manufacturing front, i know you know i care deeply about, we are facing dilemmas because of financing mechanisms and tax up acceptabilityives around -- tax incentives and once you're down with research and development, you make everythi

an astonishing 24 point margin. with that kind of response in ohio already and just hours after it was announced that the last two wisconsin democrats up for recall won their races by large margins last night, today ohio's republican governor and republican legislative leaders raised the white flag. >> possibly be avoided is in the best interest of everyone. >> in what the a.p. described as a hastily called afternoon press conference, john kasich and the republican legislative leaders said today that now, now they are willing to talk about maybe softening their law stripping union rights. they law stripping union rights which they passed this spring with zero negotiation with the affected workers and zero democratic votes of the now governor kasich and republicans in the ohio state legislature say they'd like to talk about softening some of the law's provisions in exchange for the cancelling of the planned referendum on that law in november. if it looked like i was slated to lose an election by 24 points, i'd probab

(cheers and applause) by the way, not only is closing corporate loopholes and raising the marginal tax rate class warfare, it totally wouldn't even work. >> you can tax rich people all you want. and you're not going to -- >> the idea that if we raise taxes as the president said on millionaires and billionaires, raise taxes on oil companies, raise taxes on owners of private jets, that that somehow is going to make a difference. >> the president wants to raise the top 2 income tax rates which would raise about $700 billion over ten years. you know what, that's only a tiny fraction of the federal government's deficit. >> jon: $700 billion over ten years. (laughter) that's less money than warren buffett's cleaning lady pulls out of his shower drain every week. (laughter) no,-- so-- so $700 billion of raised revenue over ten years ain't even worth the effort. i assume these folks have the same why bother attitude towards low level spending cuts. >> a national endowment for the arts, for the humannities, all those frivolous things those should all be on the chopping block. >> federal employe

anybody hotels the truth is branded and marginalized. the devolution of the american press back in 1986 when ronald reagan abandoned the fairness doctrine. we had a law that was passed in 1928 that said the air waves belong to the public. and they are licensed only if they inform the public and advance democracy. that's why we have a 6:00 news. they didn't want it. the broadcasters didn't want that because the news departments were chronic money losers but were forced to put on the news at 6:00. and you hear news on the music radio stations and that is part of the fairness doctrine. they said if you are using the broadcast air waves, you have to do that. you have to avoid corporate consolidation and that was the other rule. you had to have diversity of control from all over. and that provision was actually strengthened after 1944 by congress because they saw what hitler had done in europe. hitler in 1921, nazi party had a 1% approval rating, but then they made these deals with the media and alliances with large chemical companies, and a

we're all marginalized.an resounding electoral and popular vote victory really got 22% of the popular vote. so that means there's close to 80% who didn't vote for him, and it's a little disoriented. as long as people understand that we're going to play in the margins, we're not going to have the leadership, and i think it's time for him to step up. i personally wish he had called upon the 14th amendment during the budget crisis and stood up and said i'm going to invoke this, and everything happened that will happen, but this is what i believe. >> i'll tell you, i argued the same thing in the "washington post." dylan ratigan is not here, blew a gasket and offered his own brand of advice for the president. give us a listen and then reaction. >> what would you want him to do? >> i would like limb to go to the people of the united states of america and say, people of the united states of america your congress is bought. your congress is incapable of making legislation on health care, banking, trade or taxes, bec

often i have found that the marginal cost difference is quite low to go to that next level.aybe a little more when you go up to the -- when you want to keep using immediate occupancy. but people need to understand that and make a conscious decision. do not leave the decisions to the engineer. these are not engineering decisions. they're your personal decisions as an owner. >> since i was the owner i made the decision to go up. >> very informed owner. we will walk up to the rialto building on the corner up here. keep walking. (♪ music playing ) >> we are here just a little further down mission street past annie alley toward new montgomery. it was badly damaged. this was also burned? >> it also experienced fire damage. >> and dynamite damage? >> we will talk about the dynamite damage. people don't understand how much dynamiting they actually did. >> let's start with this brick building we are in front of. this is a building built after the 1906 earthquake and it was seismically retrofitted. you see the key elements you will notice when it is seismically retrofitted. if we look

not be enough, the $5.7 million to cover all of these aspects, but it is also likely to displace marginally housed adults overwhelming our precious recovery and housing program. [tone] and i believe it would place an undue burden on both the sheriff as well as the police departments. i intend as mayor to create a police watch dog group which would be empowered by the federal level to stop brutality against black men and stop police brutality and put it in check once and for all in the city of san francisco. [tone] i will, indeed, be urging a no vote. thank you. chairman mirkarimi: thank you very much. next speaker, please. >> bless all of you. bless you, in the name of jesus. i, bishop lee, runs a home for -- i don't call them convicts. i just call them people. i was in the penitentiary for 20 years. and i had a brain tumor. and no one knew about it. and when i got 56, somebody found out that i had a brain tumor. that was pushing me to commit crime. and i applaud the health community. because when we go to penitentiary no one finds out about that. no one finds out about that that we have a

, that's the critical element to investigate, at the margin, china, brazil and other countries are looking for not only other countries in terms of their currencies and their debt but commodities. real assets as well. >> susie: we got a weak manufacturing report today. we got a weak g. d.p. report showing weakness in the u.s. economy friday. this friday we have the july jobs report. how are you investing ahead of that? >> well, we're investing with a will rogers adage in mind. that is, to make sure that we're more concerned about the return of our money as opposed to the return on our money. with returns so low, you want to make sure that you get your money back, so we're investing in what we call safe shirt, clean-shirt economies -- those would be countries with cleaner balance sheets like canada, like australia, like brazil, and believe it or not even mexico has half the debt of the united states with much higher interest rates, so there are alternatives in high-quality space relative to the united states where an investor in bond terms can earn higher yields. >> susie: how much of your