current makeup mogul was a kos metics empire expected to make three quarters of a billion dollars thisone. it's a look inside of the rise of their beauty brand. glitteringly successful benefit cosmetics with glitz, glamour, song, and of course, humor. >> we wanted to do something never done before. >> like make money. >> yes. >> twin was larger than live personalities hail from cornfields of indiana landing a gig launching their careers modeling for calgon bath soap over 30 years ago. >> that is a flub. >> they couldn't find twins. >> they saw our pictures. we came to new york and shot three commercials. >> and that is over a year. >> that is funny. >> modeling unexpectedly spring worded them into the launch of their beauty brand in san francisco. and it turns out they did it all because of their mother. >> she calls up and she says i'm coming out for a visit, are you married or do you have a job yet? we go, oh, nothing. >> we flipped a coin. we're going to open a kaser yol cafe or a makeup shop. and it landed on makeup. >> lucky for us the coins didn't land on casserole shop. the make

benefit of the doubt that we give you >> here's what governor brown wants, to cut $1 billion for metical including hospitals and nursing homes, cut in home support services for the elderly and disabled along with cuts to child care. and make the state work week a 40 week and cut state workers' pay by 5%. >> about 200 teachers in san jose's alum rock school district crashed a board meeting demanding what they call it a fair contract. the alum rock educators' association still has no contract after 50 months of negotiating with the district. >> i love alum rock but i have already updated my resume. i have to do what is best >> stop, please, somebody stand up and tell him, please let's get this over with. what is it going to take. >> the district says it is committed to getting a contract. it won't be your average shareholders' meeting for j.p. morgan chase. bare ceo will need to answer to the investors why he allowed the risky trades that led to the loss of more than $2 billion over a matter of weeks. the bank's stock has fallen 13% since last week's announcement. the chief investment offi

to cut $1 billion for metical including from hospitals and nursing homes.in on support services for the elderly and disabled along with cuts to welfare and child care. direct money from local redevelopment agencies into the general fund and make the state work week a four day week and cut state workers pay by 5%. >> jp morgan leaders will have a face-to-face shareholders meeting today, and it should be interesting to say the least. the ceo will have to answer to the investors as to why he allowed risky trades that led to a loss of more than $2 billion over only a few weeks. the bank's stock has fallen 13 percent since last week's announcement. the chief investment officer retired yesterday after 30 years as a result of that loss. and on the view the president talked about wall street reform. >> they were making bets and derivative markets. we don't all the details yet. it will be investigated. but this is why that we passed wall street reform. >> congress passed wall street reform known as the dawn frank, two years ago but much of it has not yet taken effec

for example, there are metical cuts and cuts to in home support services that were proposed and they have been deemed inappropriate or noncompliant or in some cases of the goal. that means some of the expenditures that had been counted on in the proposed budget have to be expanded at a higher level. the budget in main proposes additional cuts, several billion dollars, and most of those, assuming that the tax initiative passes, fall outside of k12 education curio. although some of them will affect all lot of our families, they do not to directly hit k12 for the most part. the governor is proposing and is counting on, this is a continuation of information you have heard before, in november ballot measure to increase income tax and sales tax. as you all know, this has been merged with what had been previously called the millionaires' tax. the proponents of the millionaires' tax have combined forces with the government and now there is a single measure that is proposed by both of those groups of advocates, and that includes an increase on the income tax. they would still affect individua

to suffer revenue received by government agencies that provided ambulance transports to metical patientswe did love that -- we do a lot of that in the city. we were getting reinforced before that on an assembly bill that was advantageous in the reimbursement was what, what -- $150 for transport? with the said bill being passed with $6 million, moving forward we are projecting additional earnings, $3 million per year. so, again? is it providing the service that will want to do for the citizens and city. supervisor chu: did you expect to see a $6 million a retroactive payment for this difference going forward? >> yes. ." supervisor chu: supervisor chu: jig how do you explain that in the budget? >> 12/17 approximately 2.7 in dollars it was restored to the department. that is part of the disposal for the new hires and training funds as well. the remaining part, it will be in our budget. with regards to health care reform that will -- before. supervisor chu: that will likely get implemented further out. >> this year? supervisor chu: i hope the thought -- department factors it in, if it contin

. >> he wants to cut $1 billion from metical including hospitals and nursing homes, cut in home support services for the elderly and disabled along with cuts to child care. and then make the state workweek a four day week and cut state workers' pay by 5%. j.p. morgan leaders will have to face shareholders today. jimmy diamond will need to answer to investors why he allowed it risky trade that led to the loss of more than $2 billion. the chief investment officer retired yesterday as a result from a loss >> facebook the initial public offering might be an even bigger deal been suggested before. the mercury news reports facebook will charge $38 for a share which is more been speculated. at that rate would be valued at more than $104 billion, a new record for an ipo evaluation. we will have a new report coming up. >> i think it is time for lawrence. >> $104 billion? he can buy as many sweat shirts as he wants. some low clouds and fog have moved back on shore. the atmosphere has started to settle down a little bit. over the city of san francisco, patchy fog in the background. forties' in a f

could be state workers being asked to take a 5% take that and also health and human services like metical and calworks and in home supportive services could also be slashed as well. that is part one. part two is the tax increase that will be on the november ballot. income tax increase for the wealthiest californians and also a quarter percent sales tax hike for the rest of us. the government warning that if voters say no, schools and public safety will suffer. >> if people say no, but we will have those trigger cuts, and it will be felt that you see, it will be felt that the cal state campuses, it will be felt in every school district in the state. >> certainly no easy answers. and although the tax initiatives have failed recently, the governor says that he does expect voters will approve those initiatives on the november ballot. but clearly, just not a lot of leeway here for the legislature. we'll see how this gets hashed out, the governor did say that he expects the tense and difficult negotiations as lawmakers try to figure out how to close the latest $16 billion budget deficit. live c

adults and disabled individuals, as well as the calworks program, child care programs, and then some metical -- meddical -- medical programs. chairman chu: you talked about the reserve for the state in packs in the upcoming year budget -- reserved for the state -- you talked about the reserve for the state impacts the upcoming budget. >> this is something we were discussing before i came over here. i would not expect it would be smaller than the $15 million we have in the current year's budget. in addition, we have talked with you about another $15 million in cuts that we know we are going to face related to the laguna honda hospital reimbursement rates, so we will include debt reduction in state funds in our budget, but i would not expect the state reserve to be less than $15 million. chairman chu: ok, so that is something that is still in the works right now. >> yes, and i just had a meeting today with folks on their initial thinking about what these potential impacts are, so we are just getting a sense of what that might look like in terms of dollars. chairman chu: ok, and just going back

. >> i can't answer the question as to whether mel gibson is antisa metic. but i do think that alcohol abuse can let demonsout of you. let me give you -- most rape occurs in social situations when either the guy is drunk or the girl is drunk. alcohol does disinhibit. we have done studies of women in colleges and why their drinking has gone through the roof, tripled over the last 15 years and one of the two main answers they give is i'm under terrific pressure to have sex and this inhibits me. now with mel gibson disinhibit friday saying he would not have said while he was sober, what he said when he was drunk. does he really believe everything in his heart that he said when he was drunk? i don't know the answer to that. >> alcoholics have dts. they have deleariums. >> of course that do i. >> that's hallucination. what if he's hallucinating? >> i don't know whether he was hallucinating or not. but, when he came to, he certainly felt he had done some terrible terrible things. >> are you doing anything in connection with this in relation to some of the films th

it wasn't the second largest g.d.p., so if china decided that it want to be a bit more her metic or pull back, the stakes weren't as big. now the stakes are gigantic. it's not only the world's largest country, but it's much more forceful on the global stage. this has far reaching ramifications, much more possibly than teenman square. >> the recent scandal seemed to point to weaknesses within the chinese political system right at the very top, don't they? >> right. that's what the chinese government is very concerned about. the chen case are disruptive to the narrative. this is an important year for china because they're handing over leadership for the first time in a decade later in the year and they wanted to present -- they wanted to control this year as effortless confidence, bureaucratic that works better than messe democracies, this exposes a corruption and cronyism that really is at the loop of the communist party. it's a very damaging set of scandals that is setting in in china right now. >> yet, jim, the very fact that we have chen guangcheng calling in from his hospital bed to a

. >>> here's the the governor wants cut a billion dollars from metical including from hospitals and nursing homes cut in home support services for the elderly and disabled along with cuts to welfare and child care. direct money from local redevelopment agencies into the general funds and to make the state work week a four day week and cut state workers' pay by 5%. >>> the governor turns that if it will be much worse if voters don't approve the tax hikes in november he has a fight on his hands to get the legislature on board that is not to mention the unions to have to approve any pay cut for workers but just how rough would it be for state employees? sherrington introduces us to a guy named stan. >>> he reviews applications for water rate increases that the california public utility utilities commission and makes about $100,000 a year. now without it with a daughter in college in the mortgage he is bracing for a 5 percent pay cut. >>> is a man that i will be going into the foreclosure by its the will be more difficult to make ends meet. >>> dan has worked for the state for 24 years when he

the governor is proposing a 7 percent cut, 1.2 billion in cuts to metical and a 5 percent salary cutor state workers this all come and go toward working for eight weeks. grant to give money to low- income students and cuts to the trial court system. >> california has been living beyond its means. the united states and the federal government is living beyond its means. a lot of corporations have come a lot of people. they spend more than made taken. there has to be a balance. there has to be a day of reckoning. >> the revised budget plan is contingent on voters approving increases in sales and income tax. if those measures fail we will see additional cuts. the governor is proposing 54 5 billion in cuts education which is equivalent to cutting three weeks of school over the next two years and the uc and cal state university systems cuts the total to under $50 million. as for the reason behind the ever-increasing deficit, the governor blames a slower than expected economic recovery. >>justine: among other things, the billions of dollars of cuts in the proposed budget plan will reduce ch