we have a merrill that was part of that project and a sculpture and other installations as well. we hosted an art gallery and a monthly concert series. that is, in a nutshell, our beautification projects. we also worked on safety for the neighborhood. in 2007, we worked closely with the community to develop a comprehensive neighborhood safety plan. that has created a movement called tnt, the new tenderloin. we were able to get a large number of residents to city hall to speak to the board of supervisors hearing and present at that time with five dozen signatures demanding the can be considered in the same way that many other neighborhoods -- with 5000 signatures demanding the tenderloin be treated in the same way that many neighborhoods are considered. we also worked with nightclubs and liquor stores. we bring an annual street fair to the neighborhood and close jones street between mcalester and golden gate to create a safe block where families can celebrate the holidays. we sponsor the tenderloin health and safety fair. we also invited sunday streets and advocated they come to t

i'm not saying everybody who worked at merrill was a bad person. that's silly for obvious reasons, but this was the dynamic and pressure of the marketplace and it was so overwhelming they threw to the wind concerns of the integrity of what they were doing. only we could come in and find that lowest common denominator and say he's the rules and guidelines to play by. now, i want to give you another example of that, much more recent. the report that came out just last week, senator livin. you had senator koa burn who parched the entirety of the record of what happened and transpired on wall street, but specific to goldman. if you read the document, it is kind of astonishing, put aside the inconsistencies between the testimony that day with four reasonable senior executives deafing before senator levin. the reality here is that goldman saks understood no later than december 2006, the subprime market in particular was going over a cliff. it was going to be a disaster. they then ended uptaking the short position, which at its peak was $13 billion. $13 b

merrill lynch and j.p. morgan both helped manage linkedin's initial stock offering. two other web stocks saw significant buying interest. jobs web site monster worldwide was up almost 10%. an analyst at oppenheimer voiced support for its facebook strategy called be-known and a new search product. chinese online television firm youku popped 30%. it launched a joint venture with warner brothers home entertainment. and that's tonight's "market focus." >> tom: while gold prices have held up relatively well in he past two months, mining stocks have drilled lower along with the rest of the stock market. that brings us to tonight's "word on the street"-- "gold." alix steel is a reporter at thestreet.com. >> tom: alix, nice to see you. why the differ gens. what's going on? >> well, it's a good question and the biggest answer i have for you is miners are risky and investors are skittish. there are two other reasons. the first is the introduction of the backed etf giving invests are a way to buy into the gold market that wasn't there before and in addition we've seen companies

but representative merrill, i would like to begin with you why is this good for alabama?duce illegal immigration in our state and that's the purpose of the legislation. >> i know both chambers in alabama are both republican majori majority, passed this thing and then of course, governor bentley sign it. did you, at all have any hesitation in this? >> well, governor bentley signed that legislation today because it is good legislation. it's good legislation for alabama. it's good legislation for the people of alabama. and ultimately, it will be good legislation for other southern states as well. i didn't have any hesitation about the support of this legislation because what it does is it actually just encourages everybody to have to follow the same path to fulfill whatever commitment or opportunity for growth and personal development that they would like to experience. >> representative merrill, i do want to point out one unique piece of this law that involves children. so, we know that parents of foreign-born public school kids will be required to report their immigration

merrill loma park -- miraloma park wanted to adopt the exact same guidelines as set for western park. it never came to fruition, but if you look at this project, which is 22 feet and, i guess the attitude related to height has changed. i will continue and add my comments on my take of this particular project. i think the project is contextual in scale and in terms of design. i think it is totally suitable for the size lots that are there. vice president garcia: i guess my comments would have to do with the fact that, first of all, i am very familiar with this neighborhood. i do not live far away. but i took umbrage at the fact that -- i did not know who it was when i read the brief. i have just learned it was commissioners moore, olague, and sugaya, who said that the western neighborhoods had given their pound of flesh to housing and so the eastern side should now do so. the permit holder was talking about the fact that the appellants were nostalgic for some suburban feel to their area. first of all, the word nostalgic, when it originally entered the lexicon -- it was psycho pathologi

so that when merrill buys the million shares, the stock goes up a little bit and you make some money. people couldn't figure out any other way for him to make money except if he was front- running. >> smith: people ran those, sort of, models and couldn't make money doing it? >> they couldn't make anywhere near the kinof returns that he did. especially in... when markets were falling. but he consistently made money every year. almost every month. >> smith: in boston, a team of risk analysts was puzzled, wondering what madoff was up toz >> there's always that potential, that one little potential that you've got a rocket scientist, an einein here. and he's found some piece of information that's flowing to him proprietarily, because of the nature of his business of executing big trades. >> smith: in the late '90s, casey was working with harry markopolos, the now famous whistleblower. ç]i/Ñ about madoff's returns from the french aristocrat, thierry de la villehuchet. >> back in those days, i understand that mr. madoff didn't like his investors mentioning his name, let alone what he was doi

in terms of budget vs actual expenses, 2007-20000 -- 2007- 2008, projects like the merrill were not finished. in the last fiscal years, they were very close to what the budgeted. lastly, each year the receive two big transfers from the city comptroller's office. that is when people pay their taxes. the money they receive in may is referred to as deferred revenue. really, that money takes them through the first six months of the next fiscal year. at the end of fiscal year 2009- 2010, they deferred 430,000 from their budget to get them through the first six yet -- first six months of the next fiscal year. they also had net assets of $283,000 which the allocated to specific projects in fiscal year 2010-2011. i know. it is almost over. they had a budget of $1.20 million. you will see here an amount of $433 thousand, which is income over expenses. that amount is going to get them to the first six months of the next fiscal year. lastly, recommendations from our office. our office, along with the controller, strongly recommend an annual audit, starting with this fiscal year. i am happy to hear the

>great white men say free recipes kickoff the first merrill -- great wine and savory recipes kickoff first maryland one week. many will be featuring foods served at it speeding restaurants. >> wine shops and restaurants across the state are hosting winemaker dinners, offering special maryland wise, or doing tastings with their menus across the state. we are very excited about it appeared >>. >> for more information, visit our website, wbaltv.com, and be sure to click on "entertainment." tonight, the miracle on the hudson is heading north. more than two years ago, the airplane had a flock of birds, forcing the infamous emergency landing on the hudson river. the airplane's wings and tail will be reattached when it arrives. baltimore youths will take part in the duke of edinburgh's award young americans challenge. the development program is designed to help build confidence and self worth in youths in the ages of 14 and 25. miss america 2011 will be joining chris edwards for the visit. -- prince edward for the visit. >> the chargers got back to the 90-degree mark today. it will -- tempe

and they worked with all the investment banks, merrill lynch, city bank to structure these deals and of them had exactly the same type of scenario where they would buy a little bit of the deal in order to allow the investment bank to create this much larger deal and go out and sell it around the world to investors but magnetar secretly undisclosed to anybody was actually betting against the deal. of the investment bankers and other people involved in the deal, mushing the deal knew about magnetar's secret debts but the investors did not. >> how did j.p. morgan chase and these other firms as you say are reportedly being intestigated, how do they defend what they did? >> well the investment banks, they haven't really defended what they did. they essentially say this was in the is past. how far these people are gone, we round up the business and magnetar says that they never selected the assets and they never made any misleading disclosures to anybody. that's true. magnetar was never on any of the prospectuses or any of the marketing materials for these deals because that would have the

after my second story, i started getting offers from goldman sachs, merrill lynch. i said, i wanted to do work that was meaningful to me, so ended up working in the prison system at rikers island. i know all of that was in so many ways possible because of the work that you did. i just want to say that i honor you, respect, love everything that you have done, all the roads that you have paid to allow me to do the best things that i have done. [applause] >> 44 years apart these two stories happens. clearly, life is not the same. so i went to ask you, miss coleman, what has changed since your time? and, bryonn, after that, what has not changed? when you listen to this story 44 years later for what you sat down and fought for, what has changed? >> well, that is a difficult question. i have to say, depending on what part of the country you come from -- when i have visited and montgomery, people ask, what did they get out of the civil rights movement? one thing. the street that i lived on, instead of calling it east dixie drive, they called it claudia colvin drive. [appla

they're trying to integrate merril lynch and you want to be patient but morgan stanley you can jump in feet first. >> tom: we've got viewer questions. stand by the first one from doug and says intel with the recent goldman sachs downgrade do you think it's a buy it's paying more money to shareholders and back in may goldman sachs called it a sell. do you agree? >> i disagree intel is a sell. intel is an excellent well-managed company. you have the dividend yield and the concern is more short-term. it has to do with inventtory starting to increase, competition from the rm processors as they're called and people don't want the net books they're going i pads and intel is still an 800-pound gorilla and cisco with other big tech companies are real bargains now. >> tom: speaking of dividends one of your choices was telefonica. a recent choice. he writes the current dividend is 9% and the payout ratio is 159% how can it keep paying the dividend. the pay out ratio one way to cal late is look at the yearly dividend per share divided by the annual if it's over 100 it's paying all earnings plus s

the 15th annual world wealth report was released this week by merrill lynch and cap gemini.ber of high net worth individuals, those with assets of more than $1 million, is up. 10.9 million people around the world controlling more than $42 trillion. the largest concentration is in the united states. representing 28% of the global high net worth population. but the asian region has seen the biggest growth in both population and total wealth. adding up to 3.3 million individuals with total assets of $10.8 trillion. this is the first time asia has surpassed europe in both of those numbers. the continent has 3.1 million millionaires with $10.2 trillion in wealth. that'll do it for us for today. thanks so much for joining us. my guests next week, i hope you'll join us, former federal reserve chairman alan greenspan. each week keep it right here where wall street meets main street. have a great week, everybody, and i'll see you again next week. never in my lifetime did i think i could walk 60 miles in 3 days. 60 miles in 3 days-- i can do that. 60 miles compared to what a cancer pa

that field merrill's world number one carolyn does not ski and both williams sisters go alex but maria sharapova is fruit of the quarterfinals on the three things they at wimbledon. and seal of approval is in it a lot the legs evil finally signs and sealed so prepare the. a russian national ice hockey team for the social winter olympics. the lads american has promised areality rehab for david haye as its a boxing champion held a news conference ahead of their heavyweight title unification ballots this weekend's the ukrainian felt he needs to teach his opponents some manners as the brit arrived forty five minutes late for the traditional pre-fight media meeting he added that the outcome of the fights will teach the w.b. a heavyweight champ to be a better person with better behavior who's always on time he however was more objective about the upcoming ballots and even reveals part of his strategy against the w b o i.b.o. and i.b.m. for the heavyweight champion. the new shoes this. study is in the millions to believe it. is going. to come one season. and the skin is fun to watch him speak

but you my what -- >> now -- you foe what -- >> now merrill's most powerful doppler radar and the forecast certified most accurate by weatherate. >> i love that shot. the weather was gorgeous yesterday and we are going to be a little bit different today. i am going to explain in second. but the temperatures not too bad into baltimore coming at around 62. 64 in roanoke and as we take our trek further to the south, oh, yes, we are looking at 70, 75 in atlanta. montgomery coming in at 76. and that is going to be moving in as we go through the next several days here. so, satellite and radar not picking up on a lot right now. but as it goes into motion, i want you to see the cluster of showers and thunderstorms that are trying to dive down into the south and east. so yes we could get maybe clipped by this system as we go into the rest of the afternoon. definitely -- definitely going to keep our eye on that. mostly sunny to partly cloudy going throughout the day. we have going on is we have an area of high pressure at the surface and we will have an upper level ridge building in across the area

field merrill's world number one carolyn and both of williams sisters go but more reassured rob about is fruit of the quarterfinals on the thrilling day at wimbledon. and seal of approval is the middle. of the. russian national ice hockey team for the salt sure winter olympics. lads america has promised areality rehab for david haye as the two boxing champions held a news conference ahead of their heavyweight title unification ballots this weekend's ukrainian felt he needs to teach his opponents some manners as the brit arrived forty five minutes late for the traditional pre-fight media meeting he added that the outcome of the fights will teach the w.b. a heavyweight champ to be a better person with better behavior who's always on time they however was more objective about the upcoming ballots and even revealed part of his strategy against the w b o i below and i b f will have the weight champion. in the. million but. it won't. be the one you see the difference in the distance on which is the goal we'll. know. during the meeting that david haye refused to shake his hands and that prom

the field merrill's world number one carolyn was nowitzki and both williams sisters go out like maria sharapova is through to the court applied also want to bring they have wimbledon. and seal of approval that is it is a lot to let you know finally signed a deal to prepare the russian national ice hockey team for this salt your winter olympics. and the insults fly a bloodier political and david haye have a verbal battles ahead of their unification flights on saturday. ten is the first world number one carolyn was nasty in bed. both williams sisters all went crashing out in a shock filled fourth round at wimbledon however former champion maria sharapova safely through the world number six ran into some opposition early in her match against china spank sure why but the two thousand and four winner improved to try a six four six two and has yet to drop a set so for a she reaches the quarterfinals for the first time in five years. i feel like. this year but i think that's because i'm playing a lot of matches. i think a lot of it is also reaction. getting ready for the next. thinking it's

fit that description in asia, second only to those in north america, according to a new report by merrill lynch. if you put all the assets held by millionaires around the world together, they would equal just under $43 trillion. >> susie: in the "money file" tonight, why you can stop worrying about lattes. here's ramit sethi, author of "i will teach you to be rich." >> america is obsessed with lattes. everywhere we turn, we hear a personal-finance "expert" nagging us about cutting back on our morning habit. yet what they won't tell you is that cutting back on lattes actually does very little to improve your financial situation. here's why. first, cutting back on lattes doesn't actually save that much money. if you were to stop buying all lattes, you'd save about $1,000 a year-- hardly a huge savings. and don't forget, the costs of making your coffee at home will reduce that amount. second, you'd want to commit suicide every morning. who wants to live like that? and third, this advice misses the psychological aspect of money. we are what's called "cognitive misers," meaning we have limited

there is one of these ensure merrill splats uc -- there is one of those intramural spats you see. one could see your own copy appearing without an editor meddling. i thought what i would do is start my own sheet. according to the surveys, i had tens of thousands of liters. if only a few dozen of them signed up i would instantly have the answer until -- i would have insurmountable tax problems. i had a consonant experience. one was having children. when people returned your calls when you were an employee, it was not because of you. you were living on borrowed luster. i had the eye opening experience and going from whose hutu who was that ---- who is who to "who is that?" i took a salary after about four years. my wife supported the family. i would highly recommend entrepreneurship. >> what is a cause for somebody to surprise? >> it is close to $1,000 a year. we are running out the subscriptions. >> how much of your businesses conferences? >> it is a good part. it is terrific. >> what did you learn about bernard baruch that matters? >> he was the george soros of his day. he was a s

july 1973, and three months before the yom kippur war which was israel 9/11 the then in chevy chase merrill lynch the five shots were fired into the body of colonel josef alon. colonel alon was special. he was a hero with the state of israel, and a very decorated fighter pilots. but a military attache. and was performing a very, very vital role at the time between not only the u.s. but many other countries with this hostile period of time. to think about this case is one that takes many of us back to a time where it is hard to fathom that we have no cellphones, a new internet, and the police which happen to be my old police department that responded to the scene, did not have the capability lowered means to investigate the international act of terrorism. as it is in this business come in the old boy network came of foreword to help. i made a call for information out to the montgomery county police association and was literally swamped with requests for help by individuals the responded to the scene of the crime that night. also i was a volunteer with the bethesda chevy chase rescue squad an

here are your numbers 86 for merrill valley. 827 teplenty of '90s today. showing some 90 degree readings in south bay. then we start a cooling trend by the end of the week. now i check on the traffic >> pretty quiet as you step outside the door no major accidents of few more cars on the road way as you make your way into the san francisco 7 tel bridge night is an easy ride. a time of 40 minutes from and and on the san mateo bridge. lots of space on southbound 101. there'll be a sad maintenance project south bound on the great highway it will be closed at 80 a.m. between lincoln and a slot. >> gary verse's has been in and out of prison for years >> once released sex offender. reverse will be staying here in a point. he has been staying here for off and on for the past five years paid. he violated one of his probation roles. he expressed unhappiness about his freedom >> i want all whole world to open up to me i want to trouble. i'm very excited >> it will not have the gps system monitoring ham but he will have to register as a sex offender. he wants to reass

i especially want to thank the merrill center for strategic studies for its emphasis on national securityining with the office of the director of national intelligence to introduce students to our intelligence community and inspiring the next generation of intelligence professionals. it is wonderful to see so many friends and colleagues i had the privilege to work with over many years. you have devoted your live to protecting this nation from many threats including the one that brings me here today that claimed the lives of some of our friends and colleagues. that is the continued terrorist threat from al qaeda. today we are releasing president obama's national strategy for counter-terrorism which formalizes the approach we have been pursuing and adapting for the last two years to prevent terrorist attacks to in short al qaeda's to devise. i am pleased we are joined by dedicated professionals from across the federal government who helped to shape our strategy and worked tirelessly every day to keep our country safer. thank you for being here and thank you for your dedicated service over m

he just finished an extraordinary merrill of the mexican supreme court, and these are six kids who are migrants, about ready to leave for the united states. if you look down at the bottom right-hand corner the license plate on the truck says mit migrants 666.

. >> rose: and bank of america, for example, bought merrill lynch and is bigger than ever. >> that's another paradox which is that you have banks too big to fail that were all right big, even bigger now that we are in the midst of this crisis. is. >> rose: what's going to be done about fannie maend freddie mac? >> well, congress is going to wrestle over it. it's going to be a food fight and i caot make a prediction about what's going to happen. >> rose: but what about the battle of what to do aboutt? >> the tax peyser intohem for $154 billion. that's not acceptable. it doesn't look like that's going down any time soon. do we want them to be financing the mortgage market? do we want them to goway? unfortunately i don't feelike anyone is willing toave anen honest discussion about this. >> rose: and an others have talked about accountability and who should have been accountable and who was not accountable. clearly the rating agencies come under criticism. >> yes. >> rose: clearly the s.e.c. and the regulatory agencies come under a lot of criticism. but have... what should have happened