who we should mention is currently on injured reserve now investors will receive stock linked to mr foster's future earnings which include the value of his playing contracts corporate indorsements and appearance theory fees now investors can place orders for the i.p.o. which is offering one point six million shares at ten dollars a share or attempting six million dollars worth of stock if the demand is insufficient however the company may cancel the deal now right off the bat yes do you think that demand will be sufficient enough or that found actually end up canceling this. i.p.o. it depends on what the market is doing in general this is this is a very speculative offering just as it says in the offering documents in the prospectus that the company had to file with the f.c.c. so if for instance bernanke he began to taper and the entire market tanked this kind of speculative offering is the first kind of deal that is not going to get sold or if it's sold it's going to have a difficult time trading on the market at its initial price or above that now this offering is obviously intended to cap

mr. foster, for five minutes. >> thank you, mr. chairman. ms. galante, i want to echo the comment. i have profound respect for you and everyone of attempted people who choose to spend a fraction of your life in service to the people of the united states. it makes a big difference whether the housing operation in this country is well-run or not. we are having hearing about a $1.7 billion capital shortfall. in the financial collapse at the end of the bush administration, families in america lost $16 trillion of household net worth. two-thirds of which was the drop in the value of the house at the collapse o of the housing bubbl. that's a factor of 10,000. however many yankee things worth having on this subject now, we should be having 10,000 times more hearings on the incompetent management of our economy that led to the $16 trillion drop in household net worth. we've heard also about your $150,000 a year salary. that's 10,000 times smaller than the subject of the hearing today. and so the difference that you make, whether you do your job well or not, is much larger than your direct

mr. foster, mr. kildee, mr. delaney, mrs. beatty, and mr. heck to name just a few who joined with republicans to work in a borne manner to stand with americans, stand with american investors, realizing at the end of the day part of the problem in washington is too many agencies that are not communicating with each other. lack of communication is some of the problems we have seen in this country in the last few weeks and months. all we're suggesting is that the various agency the s.e.c. and department of labor, actually coordinate, work together, and work for the benefit of investors. how will they do that? the s.e.c., who is principally charged with the responsibility of looking at the areas of broker dealers and investment advisors and you know there's a difference on how they're treated right now and there's a reason for that, and they've been treated differently for three, four, five, eight decades or so. the s.e.c. will be looking at this. as the gentlelady from -- she's gone right now, but the gentlelady from new york indicated, there's

the incentives now provided to the states when they increase the rate at which foster children, who cannot return home, find mr. ayotte: do notive family. these new -- find an adoptive family. this will now be focused on adoption of older foster children who are sometimes more difficult to place and who have found difficulty in securing a permanent home. additionally, for the first time the bill will reward states for helping youth leave foster care to live with permanent legal guardian. recognizing the importance of maintaining the link between family and children in foster care, the legislation also extends a relatively new but expiring program known as the family connection grants. these grants go out on a competitive basis to local organizations and state agencies to support various approaches for improving connections between foster families and their children. including linking grandparents to supports and services when they become the primary care givers for children who would otherwise be in foster care. another provision that i care about greatly is strengthening of the requirement that adoption fundi

the threat from the u-s-d-ao foster farms: fix your the >>> your realtime captioner is mrs. macdonald. >>> contaminated chicken is still on your shelves. a threat from the usda to foster farms, fix the problem or shut down. >> a looming strike and a war of words. what bart unions are accusing management of now and how the bay area is responding. >> reporter: good morning, everybody. it's either go big or stay home. it's a's play-off action and we have the weather forecast with your pinpoint outlook. >> and so far no big hot spots on the roads. we are starting to see a few brake lights just beginning through antioch. we'll have the latest travel times coming up. >> good morning, everyone. it's thursday, october 10. i'm michelle griego. >> hi, everyone. i'm frank mallicoat. 5:30 your time. >>> developing news. santa rosa police officers have surrounded a home on sedgemore drive. they are apparently responding to a shooting there. a s.w.a.t. team was called out at 11:30 last night. we have calls into to the police department. we'll bring you the information when we get it. >>>

welfare and foster care systems making children and youth particularly vulnerable to be sexually trafficked. i'd like to describe the highlights of the legislation for the sub committee. mr. chairman, i'm sure many americans would be surprised to learn that most child welfare agencies will not serve trafficked children and youth who are not in the custody of a bilogical or foster family or living in a group home. children not legally able to get concept for sex are arrested for prostitution and referred to the juvenile justice system. in many states, the courts in the juvenile justice system are ill-equipped to deal with the trauma these youths endured. this bill requires states to provide services to youth who have been trafficked or are at risk of being trafficked. it also redirects social services, block grant funds to address the system to better identify and address needs of trafficked youths. my bill includes a number of provisions to encourage, enhance, and support youth in foster care to allow them to participate in age appropriate activities and social events. i hope these provisions will promote healthy development, increase opportunities for foster children to

foster child. >> besides the president, bernanke is the most powerful man working to fix the economy. and we were surprised by his candor. mrrman, i'm gonna start with a question that everyone wants me to ask. when does this end? [stopwatch ticking] >> no one comes in without f.d.i.c. badges. >> could your bank be shut down? that's what's happening to this bank and to banks across the country. it's being done in secret by a group of agents led by the f.d.i.c., who move in after closing time when a bank has failed. [stopwatch ticking] >> it's weird economics when it

foster farms. fix your problem or be shut down. ,, ,,,, >>> your realtime captioner is mrs. linda m. >>> neither one, i really don't like it too much. >> bart showing us some new seating options for its fleet of the future while passengers are much more concerned about the impending strike. >> aldon smith is a star on the football field and apparently likes to party. how one of his parties went from fun to guns drawn. >> reporter: it's the decisive game 5 in the american league division series. it's your oakland a's and i have your weather forecast with the pinpoint outlook. >> and so far, so good up and down the nimitz freeway if you are traveling through oakland right now. but we do have a problem spot. it's in hayward. we'll update you on that incident in just a few minutes. >>> thank you, liz. good morning, everybody. it is thursday, the weekend is getting ever so close! october the 10th, i'm frank mallicoat. >> and i'm michelle griego. time now 6:32. foster farms faces a deadline today: address the salmonella outbreak or three central valley plants will be shut down. kpix 5 repo

mr. maliki is seen by many as part of the problem that somebody who was meant to foster reconciliation andtical stage has done the opposite, consolidating power around himself and excluding the soon nigeria minority on any meaningful level. i discuss what's a multifaceted nature of this a short time ago with a former state department strategist on counterterrorism. one of the people who helped design the iraq war troop surge. >> the iraqi government has really failed to put the effort in in terms of reconciliation and rebuilding of trust among iraqi communities that would lead to, you know, reduction of long time tension among the sectarian groups. the second big factor is the syrian conflict, which led to a rebirth of al qaeda in iraq in the form of islamic state of iraq and syria, which is the one of the most dominance factions in the conflict against president assad in syria and of course thousands of people are coming back across the border from syria into iraq which is fueling some of the conflict. >> the violence unrelenting, up to 5,000, 7,000 people killed in iraq this year. the wo

mr. chairman. i want to thank you for holding this hearing on defending addressing sex traffic youth in foster care. i'm very interested in working with the members of the previous panel in regards to, and any of the members from both sides of the aisle, on how federal laws and policies might be improved to better ensure the safety and well being of youth at risk of abuse and neglect. in ohio on average 12,000 children are living in foster care each month. last year more than 1500 foster children aged out of care when they turn 18. when i get these statistics, i not only read whether or not these individuals are prepared for life after foster care, but if the system was able to provide for them the sense of family and protections they deserve. our job as representatives is to ensure the foster system protects them and prepares them really for successes in life. t, you are an inspiration and i thank you for your dedication to helping others in foster you. you mentioned in your testimony at least once, and i read about red flags that go unnoticed by child welfare agencies. can you tell us some of wha

foster child. >> besides the president, bernanke is the most powerful man working to fix the economy. and we were surprised by his candor. mr. chairman, i'm gonna start with a question that everyone wants me to ask. when does this end? [stopwatch ticking] >> no one comes in without f.d.i.c. badges. >> could your bank be shut down? that's what's happening to this bank and to banks across the country. it's being done in secret by a group of agents led by the f.d.i.c., who move in after closing time when a bank has failed. [stopwatch ticking] >> it's weird economics when it really comes down to it, isn't it? >> well, from our perspective at the united states mint, it's unsustainable. you can't sustain losses on pennies and nickels and expect to be a viable organization that benefits the american people. >> welcome to 60 minutes on cnbc. i'm leslie stahl. by most accounts, the financial crash of 2008 pushed the u.s. economy to the brink of collapse. in its aftermath, some of the country's biggest banks received very big bailouts while large numbers of small local banks failed. this edition features a unique inside look at the s

addresses foster care systems that make children and youth particularly vulnerable to being sexually trafficked. i would like to describe the highlights of the legislation to the subcommittee. mr. chairman, i am sure many americans would be surprised to learn that most child welfare agencies will not serve trafficked children and youth who are not in the custody of a biological or foster family or living in a group home. often these children who are not legally able to get consent for sex -- to give consent for sex are arrested for prostitution and referred to the general justice system. in many cases, the courts are ill-equipped to deal with the trauma these children and youth have endured. requires states to provide services to you who have been trafficked or are at the risk of being trafficked. it also redirects social security is -- social services to better identify and address the needs of traffic youth. my bill includes a number of provisions who -- to encourage him enhance, and support youth in foster care to allow them to participate in age-appropriate activities and social events. i hope these provisions will increase opportunities for foster children to form meaning

foster care. so, for me to have a daughter and then she don't know who her daddy is, is like, pitiful. i need to figure out what's going on, man. mr. hunt, what would you like to know in terms of if the child is yours? if she's mine, i'm gonna take care of my daughter. that's exactly what i wanted to hear. if she's not mine, i would appreciate an apology... i do owe you an apology if she ain't yours. lake: all right, i think it's time for the results. our results today were prepared by dna diagnostics. and per the report in the case of hunt vs. tinsley... when it comes to three-year-old jaziya, it has been determined by this court... mr. hunt... you... narrator: promotional consideration provided by... trust icy hot for powerful relief. [ male announcer ] the icy hot patch. goes on icy to dull pain, hot to relax it away. so you're back to full speed. [ male announcer ] icy hot. power past pain. (narrator reading) she's a groupie. far from a groupie. she's got nothing going for herself. she's dead broke. but i only hooked up with her one time. she waited three years, she waited till after i had a buzz in my city, i'm on the radio,

foster of atmosphere of stoonl respect. the gentlelady from california is recognized. ms. pelosi: thank you very much, mr. speaker. i thank the gentleman for yielding, and i associate myself with his remarks. i thank him for his extraordinary leadership on frying to keep government open. mr. speaker, much has -- this is, what, the eighth day of the republican shutdown of government. small businesses cannot get ans to expand, veterans feel uncertain about their benefits, tuition assistance and the rest, thousands of women and children will go without programs they desperately need. the shutdown could be over in hours if republicans would stop being the party of no and just take yes for an answer. so in case you don't know, i have some very good news for you. democrats have not only been willing to negotiate, democrats have already stated that they are ready to cooperate. cooperate. for example, i have good news -- perhaps you missed the fact that 200 members, democratic members of the house, have signed a letter saying that they're willing to accept the republican number of $986 billion, even though, the gentleman

fostering success. the current shutdown at a significant amount of uncertainty to the market which increases our risk and makes it difficult to grow our business. thank you. >> thank you, mr. singh. i'm glad senator shaheen came in right before your test win. she's been a leader on building efficiency here in the senate. we recognize your leadership, and thank you very much. ms. robertson. >> thank you, chairman landrieu. i wanted -- >> speak into my back if you would. leaned forward. >> site. thank you very much, chairman landrieu. it's a pleasure to be a today and i thank you and the members for the opportunity to speak their i also wanted to let you know how much we appreciate the example that you have set in this committee for the rest of congress in working together in compromising to bring back 504 debt refinancing which is in the best interest of small business to the impact -- first, i'm sally robertson, the president of business finance group. we're a nonprofit certified development company providing 504 financing in maryland, d.c., virginia and west virginia. i'm also the chairman of the national association for developing countries and our 270 cdc members to 95

fostering success. the current shutdown adds a significant amount of uncertainty to the market which increases our risk and makes it difficult to grow our business. thank you. >> thank you, mr. zing. i'm glad senator sheheen came in before your just before your testimony, she's been a leader here on this issue. ms. robinson. >> thank you. >> press your button and speak into the mike. >> sorry. thank you for the opportunity to speak. i wanted to let you know how much we appreciate the example that you have set in this committee for the rest of congress in working together and compromising to bring back 504 debt refinancing which is in the best interest of small business. the impacts of -- first i'm salary robertson, president of business finance group a nonprofit certified development company providing 504 financing in maryland, d.c., virginia, and west virginia. i'm also chairman of the national association of development companies and our 270 c.d.c. members do 95% of the 504 loan volume in the country. the government shutdown has had a very large impact on 504 lending. clearly there no new loan applications being aprude. one thing that's often overlooked is that we're feck