the new finance minister has quit even before he began. he fainted the day after his nomination and decided his co health in his resignation letter. there is speculation that he was unhappy with the makeup of the new cabinet. the chaos doesn't end there. international lenders are due to arrive in athens to assess the demand to lighten the terms of the bailout. the trip was postponed because of health problems with the prime minister unable to travel to a summit late next week. infectingconomy as its neighbors. cyprus is the next to request a bailout. the banks were heavily exposed to greece and it is likely to receive 5 billion in financial aid. that comes days before cyprus takes over the rotating presidency, a chance to present a positive image and it has hit the headlines for the wrong reasons. this troubled nation is left wondering what might find some good fortune. the government must raise to bring stability to the tattered ec omon the doctor seems almost as sick as the patient itself. >> immigration is one of the most contentious is

once again looking for a new finance minister in greece. the prime minister will be unable to fly the next two months because of the delicacy -- delicate situation with his eye. this is another big hurdle for this country trying to renegotiate a bailout agreement. they don't have a finance minister and finance minister is unable to go to brussels. this is something else they are going to have to get through over the next couple of months. >> michelle, are we really to believe the reason the finance minister won't serve is a health reason or related to a policy bailout feelings, sets? >> no, my understanding is he was nauseous, severe stomach pains and was hospitalized even before the induction ceremony. i don't get any sense it's politics. all the politics would have been leading up to naming him into the position. believe me there was a lot of horse trading going on behind the scenes in the days leading up to the cabinet. i'm pretty sure this is a physical issue. >> absolutely. you can understand some scepticism. >> i don't blame you. >> m

the new finance minister has resigned and the new prime minister is undergoing surgery. but what is happening with degrees right now? -- with greece now? >> greece continues to be a problem child number one. the finance minister resigned before he had even started his job. the greek finance -- prime minister is recovering from a detached retina. he will not go to the eu summit, so he will be sending 83-year- old representative for greece. when they're trying to push forward to a stronger political and economic union, they need reliable partners to do that. >> thanks for that update, nina, from brussels. more on the and knocked out effect on a regional level of banks with a look at the situation in cyprus. cyprus is looking for help from the eu as they struggle to shore up their banks. >> we're going to take a look at how the banking crisis is affecting every day of cyprians to say this is going from bad to worse. >> it is so bad the government is requesting budget bailouts as well as bank bailouts. >> for eight years, he owned a store here in the center of this city selli

. >> the new nominee for finance minister has made original and new proposal for helping the nation outits malaise. >> including using state property as collateral for new bonds to raise more than 100 billion euros and sorely needed funds. >> the rocky beginning to the new government of greece filled newspaper front pages tuesday in athens. headlines like, a lonely country 6 finance minister and allies had the ring of a personal act. >> it is indeed a bit strange. was there a reason not to become finance minister? if he had a reason, he should have said so. >> others say it does not matter who takes office as long as that person rolls back eu austerity mandates. but finance experts warn that the sudden resignation sparked more questions about the country's ability to renegotiate the terms of its bailout. >> what the troika wants to see is a government that will bring back their rates. so far, the politicians that a part of the current cabinet have shown in the past that they're not able to save the country, so i am very conscious that the troika will accept any major changes. >> the new

news. >>> finance ministers from the 17 countries that use the euro say they are ready right now to give spain an up to $125 billion bailout, although spain insists it's not a bailout, to help save spain's banking sector. the euro group says the money would come from europe's bailout funds. the cash will go to directly to a pool set up by spain to recapitalize ailing banks, but the government will ultimately be responsible for the loan. the bailout plan and the commitment by its european partners to provide support, quote, are concrete steps on the path to financial union which is vital to the euro area. >>> fast rising waters created a disaster scene in western wales. rescue crews are busy trying to save scores of people forced from their homes by intense flash floods. fire service, boats, royal air force helicopters are ferrying people to safety. houses and cars have been swamped by the floods. >>> one for the record books coming up tonight on 9 news now. how long could you play a board game without getting bored? >> 4, 3, 2, 1. [ cheers and applause ] >>> are we in store for another s

there were new finance campaign laws. very extentive. creation of a federal elections commission. investigative journalism. got a lot of money. it was suddenly out m vogue. there were changes in everything from presidential papers and what a president could retain and what he could not retain and how long he could retain it. make a long story short, all these watergate reforms have vanished for one reason or another. campaign finance got affected by citizens united. the independent counsel law got affected by the fact that both sides got sufficiently gored by the law. they decided not to revive it. the -- citizens united opened up money the likes of which we've only begun to see in the process. all those things that were designed to hopefully prevent mother watergate have vanished bar one, and that's the professional bar. it was striking to me to see reforms that came directly out of some testimony that i gave before the senate committee have stayed in place and they are as important today as they were in the years immediately after watergate when the bar said we're going to do so

the exchange rate of the russian ruble it has weakened to three year lows but you know one of the new finance minister has reassured us that everything was absolutely ok and that we should he would have used to the current exchange rate of the ruble is within the range of the rate been defined by the central bank and it's not even at the top end of it so the weakening of the ruble that we recently saw is within the regulated for england i think that the central bank sanctions are adequate in the current situation. while a forum is not a forum without major deals and we've had around three hours billion dollars worth of deals signed notably in the energy sector we've had ross now signing up with. and any to create a joint ventures and explore in the arctic in the arctic ocean and also we've had a major deals in the pharmaceutical sector infrastructure building a high speed road between moscow and st petersburg so the forum has been a success no matter what the backdrop was. ok dimitri thanks for that. well i'll be back with a recap of our top stories in just a couple minutes stay with us. all.

requested its bank bailout cyprus has now requested bailout aid citing spillover from greece greece's new finance minister resigns merkel puts the basha on euro bonds and the central organization of central banks says their money printing buddies may need to give it a rest let they all run out of it all the while the bank risk may be growing so what exactly can one more even summit solve will try to answer that and amidst the global debt crises affecting cities and states across the united states one suburb in the state of georgia has adopted a different model of government it has no long term debt no pension obligations look at their privatization. as city hall let's get to today's capital account. well what do you know it's george it's not george soros it's monday and george soros is out making headlines with a new proposal on how to fix the eurozone crisis it involves a european fiscal of the already in charge of the various rescue mechanisms that can issue european treasuries and set up a debt reduction fund. and actually a borrowed up the excess stock of that that has or to move. to cali of

greeks new finance minister steps down days before a summit. he resigned after being rushed to hospital late last week suffering from stomach pains and dizziness but doctors say he will be ok. the latest turn of events has thrown the government even further into chaos. >> stocks fell sharply on both sides of the atlantic because of continuing worries about the european financial crisis. bank stocks and european energy companies were among the big losers. it is almost a done deal, a hawaii public utilities agency approve the transfer of three when i utilities to oracle ceo larry ellison. that will make him owner of 98% of the island. it is not exactly clear what the software mogul plans to do with the island. no sales price has been revealed but it was previously reported the asking price was between 500-$600 million. the deal is expected to be finished this week >> other headlines, 6000 people are not allowed to go back home after another wild fire threatens parts of colorado. the fire is burning in the foothills west of colorado springs. crews

they are looking for yet a new finance minister in greece. >> maybe it is time to stop blaming everyone else and look at ourselves. >> there is lots going on with the job claims and the growing evidence that some of the u.s. has something to do with it. that concerns me. >> all we know is that the last thing investors want to do here is dive in. but this is not just a trainer, but a fearless triathlete and he will trade anything you put in front of him. fresh from the floor this is "fast money." live from the nasdaq market site, i'm melissa lee. let's get straight to the market sell-off. brian kelly what did you make of the action? >> i think it was just a huge, huge sentiment shift over the weekend. it really happened friday afternoon. every strategist and his brother and sister was out there talking about the european union. that started to permeate its way through the market. it looked terrible out there. it just got worse. the data has not changed that much. when you get these, it can be very tough in this market. this is an expert's market and not a market to be overly long or shor

this morning greece has named a new finance minister after the old finance chief resigned due to health reasons just four months into the job. after spain requested a bailout for its banks, now cyprus is the fifth country to ask for more aid. plenty of drama in europe. the dow will start today, the nasdaq at 2836 after falling 56. later today in the u.s. we're going to get home price data. home builder lanar is reportedly in talks with a chinese bank to secure $1.7 billion in capital. the "wall street journal" reporting it would use that money to jump start two projects in the bay area, treasure island and hunters point shipyard. it wants to transform the former naval bases into large scale developments with up to 20,000 homes, retail and office space and a sports arena. if the you are a mac user, listen to this. reports say that mac users tend to spend more. they are kind of bigger spenders, about 30% more per night for hotels. they like 4 and 5-star. orbits is showing pricier results. the online travel site says it's experimenting with showing different sights but you can choose by pr

what role should the government play in housing finance? >> "new york times" columnist detailed the subprime lending collapse. the 2008 financial melt down. if you want to talk about it. then pu it on the balance sheet and make it clear. but when you deliver it through these third-party companies with private shareholders and executives who can extrekt a lot of that for themselves, that is not a very good way of subsidizing home ownership. >> senate judiciary chairman held a hearing on a bill aimed at stopping voter supression. the bill has been introduced by several senators. witnesses include civil rights advocates. this is about an hour and a half. >> good morning and thank you all for being here. we are holding a hearing of 2011. to protect the right to vote. the legislation of the attorney general identifies one of the three areas crucial in driving the process to protect all americans and their right to vote. >> americans denied access to voting undermines our access to voting. a state like vermont, everybody knows everybody we never had any

in randallstown, sherrie johnson, abc2 news. >> academy of finance is a nationally recognized program. there are three programs in baltimore county public school -- actually in baltimore, including lansdowne. >> can omega threes keep the brain healthy as you age. it's a popular supplement taken by many. >>> plus, you strapped them on the kids before they hopped on their bikes. why doctors say kids should get into the habit of wearing them. >>> in health knew, many people -- news, many people take omega three fatty acid. it was found that it had no improvement on the brain health for people over 60 who were tested in speech, memory and reading comprehension. researchers stress eating a healthy diet, including fish twice a week is more important for maintaining good health. >>> health officials said helmets are not just for riding your bike. kids should be in the habit of using them when doing anything with wheels. serious injuries can happen whether roller blading or on a scooter. >> trauma centers see a lot of the bad injuries. i think you'll find most of the statistics will suggest t

. >>> forget the kardashians, there's new political snow that's all about fixing your finances. >> our security guy is going to walk through and he's going to take your credit card for the week. >> i can hear it all week, i'll miss out on the air miles. but let's face it, these people are in trouble. >> we'll tell you how you can create your own million dollar neighborhood next on "your bottom line." >>> the paycheck fairness act was voted down in the senate this week, right along party lines no, surprise there. president obama's democrats have accused republicans of putting partisan politics ahead of win. republicans fired back saying this legislation is just another attempt to increase government legislation. there is a gender pay gap in the u.s., women earn about 82% of what men do. the median income is $44,000, a woman a little more than $36,000. lisa, welcome to the program. >> good morning. >> you were on the hill this week supporting this bill, i want to take the politics out of it for a second. what are the economic implications of this gender pay gap. i want to be clear for ev

who is head of wind energy research and new energy finance of hong kong. we appreciate you being here very much. mr. alan wolff who is senior counsel. we appreciate you being here very much mr. clyde presowitz, president of the economic strategy institute, we appreciate you being here. mr. dan holiday, director of advanced technologies and pv programs, thank you. dr. derek scissors, the senior research fellow at the heritage foundation, thank you for being here our approach is to have each witness take five or six minutes and summarize the main points that you think we should understand from your testimony and we will include your full testimony and if you can try to give us the main points, that way we will have some time for questions. why don't we just introduce people. mr. wu, why don't you start. >> thank you very much. good morning. it's an honor and privilege. i join you in my role as an analyst, a division of bloomberg focused on a clean energy sector. our group provides actionable data on investment, technology, and clean energy. in addition, they

the country's new finance mince it ter vassilis rapanos is in the hospital, also. as a result representatives of the eu, the ecb and imf have postponed today's scheduled visit to athens to discuss the progress of reforms as part of the existing bailout terms. >>> the u.s. supreme court, meanwhile, could rule on whether president obama's health care law is unconstitutional. do you agree or disagree with obama care? what bits should be kept? what should be chucked. join the conversation on "worldwide exchange." get in touch with us by e-mail or reach us directly at kelly evans or at ross westgate. >> don't miss out. >>> still it to come, the indian finance minister is addressing the nation and confirms the rbi will take steps to boost the economy today. we'll be in new delhi after this. >>> welcome back. egypt's new president, mohamed morsi will begin to build a new administration in the north african kcountry. yousef has more on the story and joins us from dubai. yousef? >> reporter: kelly, a historic moment for egypt, the first civ civilian egyptian president in th

bloomberg news provides data, news and analytics to those in the industry beyond finance. bloomberg news is delivered through the bloomberg professional service, through television, radio, mobile, the internet, and two magazines. "bloomberg business week" and "bloomberg markets." we are syndicated in hundreds of newspapers globally and cover the world with more than 2,000 reporters and editors in 146 bureaus in more than 70 countries. we are experts at publishing economic statistics and disseminating market moving information. media stakeholders are making progress, mr. chairman, with the department of labor in arriving at a place that will not undermine the first amendment. will not reduce transparency and accuracy of critical data or create unacceptable cyber security risks. while no conclusive agreement has been reached, a movement that we have seen would not have been possible without the engagement of members of this committee. and committees and members in both chambers of both parties. we are particularly thankful to senator blount for his engagement. on april 10th,

the financing sheldochallenge is made worse by as bonds mature, we issue new ones. the point thaey made is this -- to manage these fluctuations, it is critical that the operations of the aofm are not affected by short-term barring constraints such as a debt cap. we reported in full in the budget papers what we are intending to do and why we are intending to do it. it is very sensible for australia. i think those opposite should just pause for a minute and not play politics with this issue. >> the member for north sydney on a supplementary. >> treasurer, what is the dollar figure could gross debt will peak it and in what your wallet peak?will it >> [clamoring] >> the member of north sydney wants to see question time, he can stop pushing it. the leader of the house has the call. >> the supplementary question must arise directly from the original -- >> my understanding would be that the supplementary is in order and i will call the treasurer. >> i'm very happy to answer the question. delighted. the fact is thatne ndeet debt, and i will go to the percentages and the val

to provide an existing facility to replace the current facility -- new facility to replace the current facility. the problem was financing. to undertake this new structure, the marine unit was an essential piece of this. through a homeland security grant of approximately $1.8 million, we were able to secure the construction, which the port approved here approximately one year ago for the joint operation security building, the jos building. this was an essential piece to getting this building constructed. the building is located there. this is an example of what is contained in the marine unit. they will occupy roughly half of the facility. the project was started nearly a year ago and we are happy to report that a project was not only completed on time, but within budget. a very nice job to those two. the grant was secured and and now we have completed the building and we are here to have the mou for approval for the police department to occupy approximately half of the building. here is the new structure. and here is the floor plan on the last page. by approval of this mou, we feel there are significant public benefits

. >> that's mitt romney in december explaining the new campaign finance rules and how he thinks we should of super pacs. mitt is once again flipping like a crack house mattress. he's hosting a weekend with romneys. a weekend retreat for all those uniteed in the officer vent spiritual belief that millionaires have had it tough in this country for far too long and one of those 1 percents happens to be america's sweetheart karl rove who runs the super pac american crossroads. doesn't that go against what mitt romney said just six months ago? mitt's spokeswoman assures us, goat, karl rove is on the panel with other media person amounts we're fully aware of what the law requires and we follow both it's letter and it's spirit. i'm very sorry ms. saul, something smells fishy in utah and i don't think it's those fresh north atlantic dolphin steaks that the koch brothers have airlifted in for a job well done. what does this retreat mean? what the media won't tell you there is zero doubt that this will pit working people, latino lgbt folks against the cats with all the money. for an analysis for th

lot of people because it is put on by the tiger woods foundation and that means a lot of good news and finances that will be going to local schools. that's what the foundation does. joining me now is greg mclaughlin, director and ceo of the foundation. first let's talk about the field. we know tiger had a good start to the u.s. open. he's going to try to reset. how is he feeling? >> actually i think very good. he won here in 2009, loves the golf course, struggled a little bit saturday and sunday, but a lot of guys did at olympic. i think he actually feels great coming out tomorrow for a practice round. >> reporter: a lot of analysis was he was able to control his drivers off the tee and his putting -- drive drives off the tee and his putting was good in the first round. >> jim furyk played great and jim supported us and played in this tournament of year since we've been here. i think he's going to play good again. dustin johnson and adam scott. i think we have a great field. we've got four amateur/pro now, low amateur in the u.s. open and masters and jordan speed who just came off texas winning

a new report from daily finance says that passes the group is children under the age of 18. they said scammers like young victims because no one discovers the theft until later in life. they are not well protected especially by schools and sports groups. question every request for your child's social. and it says you may want to start credit checks on children around age 10 or 12. >> by running the credit checks you have a few years to sort out any problems. for tax for medical purposes. there is a way to avoid using it. click the money tap on top. don't waste your money. abc two news. now the most powerful doppler radar in the four cast certified. a pretty quiet night out there. it is relatively low. earlier this evening we did have some activity down in the dc area a beautiful shot from the naval academy. a clear night here. a few clouds but a beautiful sunset. we are blogging about this one of the best ways to get out there and paddle we are talking about standup paddling on the weather blog. check it out. it's pretty neat stuff there. highs today didn't reach up to 80 br

his campaign finance spending and sources tell 9 news now bruin will enter a guilty plea to that newnter a guilty plea to that new misdemeanor charge as part of a sweeping duel that forced him to leave office. our bruce johnson brings us more. >> reporter: kwame brown leaving office for the last time yesterday after resigning as d.c. council chairman after his attorneys had worked out a deal with prosecutors whereby brown would admit to a felony bank fraud charge. brown knew then the deal would also require him to plead guilty eventually to a misdemeanor charge filed today

news involving one of the most influential leaders in local d.c. government. council chairman kwame brown charged with bank fraud. >> the felony charge was filed today and it's linked to brown's personal finances. news 4's tom sherwood is following this breaking story and joins us live now from the wilson building with the very latest. what have you learned, tom? >> reporter: kwame brown is meeting in the wilson building inside here on the fifth floor. staffers say the chairman told them he is resigning this afternoon. brown is facing felony charges of lying about his income on bank documents for his home. >> mr. brown, back up, please. >> why are the doors locked? why -- >> whoa. let me move my foot i'll let you close it. >> reporter: chaos in the wilson building as satisfiering locked the doors of kwame brown's office to reporters and citizens. >> the office is not open? all right. thank you. >> reporter: federal prosecutors wednesday filed one felony charge against brown for defrauding industrial bank of thousands of dollars to finance his home and lifestyle including a power boat. brown said just yesterday he had no plans to resign. >> i'm not going to answer any questions regarding an inv

america is a great city is new york and new york now much more than london houses the largest and furthest and deepest extension of culture and fashion and film and finance. >> new york and london are very similar. in population terms london is 7.8 million. every city in you're is gregory. new york is bigger. there's the financial services industry which you mentioned actually london has more people employed in finance and banking. i think it's a very good case for saying that london is going to intensify and already is the financial capital of the world and will entrench that lead. i'll tell you what, because if you're a banker, if you're based in shanghai and you want to do a deal in -- or you want to do a deal in rio or wherever on the same day, you're going to need an office in london. and london is the world capital of the brits. so the big growth economy of the 21st century, you're seeing various firms listing in london, you'll see companies listing in london, you'll see them locate offices in london. >> rose: things are made here in new york and they're just carried out in london. >> i humbly beg to disagree with that. if you look at some of the i

consumers unhappy with their credit card company or any of its practices have a new wheats event. aero has financedta base to collect complete. >> is such a stereotype that some credit card companies are making fun of her of his district. hidden fees and allows the customer service. a surprise jump in interest rates. many people have rights to our credit card companies. >> i paid my bill and they sent me more bills. i missed my payment by five days and they cut off my car. i want to pull of the and i could not charges to the >> now, people have a new tool. the federal government has launched a new consumer complaint data base. the bureau unveil a site which includes a snapshot of the 45,000 complaints the bureau says it has collected from consumers of their mortgages, student loans and credit cards. the director says that they hope to improve the transparency and efficiency of this essential consumer market. the data base is still in a beta version and includes 137 cases focus on credit card listed by type of complaint, is a code and how the issue was resolved. consumer advocates are applauding the

in the news, george zimmerman is headed back to jail, after a judge revoked his bond. the man who is charged with killing trayvon martin lied about his finances> new findings of the soldiers that was accused of killing afghans in march. robert bales is accused of steroid use. >>> there's been an arrest in the bizarre case of the 7-year-old wisconsin girl who was shot in the back with an arrow. a 16-year-old boy has been arrested. he says he was shooting at a squirrel in a tree. >>> and lucky tourists in argentina got an amazing air view of an iceberg flipping over on itself. it's unusual for them to be seen by people or captured on video. >>> time, now, for the weather. over to ginger zee. >> ron, on average, virginia gets 18 tornadoes a year. and they got one last year. it was a waterspout that became a tornado. i get to show you video of when it was a tornado. strong rotation. and see what's in the foreground? boats. let's talk about what happened behind it. more rain, up to three inches, in parts of new england. parts of southern maine, portland's included in there. it's going to get cooler in the northeast. finally in the west, chicago ha

russia's state duma has approved a new law that ramps up finance one hundred fifty times for participating or organizing unsanctioned protests the final sitting made a new record busting eleven hours the law now has to be passed by the upper house of the russian part of the mint parties peter all over brings us the background to the highly debated proposal. the state duma approved the changes to the law that were put forward by the ruling party united russia now this would see stiff penalties put in place for those courts taking part in un sanctions rallies or demonstrations in russia now the way it works before this law was if you were caught taking part in an unsanctioned on registered demonstration you would face a fine of around sixty euro all fifteen days in a jail cell this new chase these changes to the law would see those fines drastically up to seven thousand a year oh no these proposals to a whipped up a storm amongst opposition here in russia not just the politicians but online in the blogosphere many people writing about what they saw as draconian changes to the law that were b

also on thursday the president getting bad news from may. campaign financeeports showing governor mitt romney for the first time raised more campaign dollars than he did. tuesday, the republicans got a boost in the battle ground state of wisconsin. and a big one. governor walker easily winning his recall election. and, the first friday of the month, we got a rough jobs report which sent the markets plunging. a lot to digest and bob cusack is here, managing editor for "the hill", here to sort through this. good morning. >> good morning. >> jamie: great to have you here, has it been a challenging month for the president? >> absolutely. i think this will go down as the toughest week for the president. and if it's not the toughest week he will not win re-election. he can't have the amount of distractions and the problem here is that on the economy, and on the leaks probe that is going to be continuing on, because, the investigation into the alleged leaks from the administration will be continuing and the fbi launched an investigation and the gaffe of saying the

those opposing the new law, vehicle finance companies.se if you lease a vehicle, the leasing company would technically be the owner. now, in both maryland and virginia, a camera ticket is mailed to the owner but the owner can still challenge that ticket if someone else was driving at the time. it seems like these days there are added fees for just about everything, especially fees that can impact your travel budget. a new study out today revealed added fees. according to the foundation, it names the most troublesome travel fees starting with airline fees, fees for soft drinks, for using an airline's headset while on a flight. fees for inflight movies or videos and fees for food. when it comes to hotel charges, there are new fees for internet use and parking and when it comes to car rental, consumers face added fees for toll passage, one warrantals, additional fuel charges and late returns. coffee giant starbucks is look to expand its menu. it plans to buy a california-based french bakery chain to expand its food. will start replacing star