a lot of that is represented by psg, who overspend like crazy because they have qatarry owners.usiness for the clubs are not to place themselves in the position to win trophies and they overspend. salary red sox taxes, luxury taxes in the american sport help control expenditure. they're just not available to european clubs because capping salary would be against european law. so they have to find other ways. they're desperate. they need to control costs they don't want costs to go up. they're losing money, they're in trouble. >> okay. and what damage do you think this will do if they're on strike for -- how long are they going to strike, for two weekends or three weekends? what damage will it do? >> to their pore lar support? probably not much. they might have to repay some tv money. that wouldn't be nice. see how this strike will have an effect on hollande will get what it wants. they just look degreedy and stupid, i have to say. >> fair point. peter, thanks very much indeed for that. peter bullen, european soccer writing for "sports it illustrated." let us know what you think

the school says it was on track to overspend by $3.8 million this year. critics want to know why this is happening even after voters approved proposition 30 which promised relief from such cuts. the cal state university board in long beach plans to ask for $100 million more in budget funds than proposed for this year. >>> in sacramento county, a sweat shirt controversy has administrators promising a refund and parents saying keep the money, just change the sweater. this revolves around the roman numerals xiv. they represent 14 for the class of 2014. but some parents say those numbers have a keeper meaning. 14 is often associated with a sgan gang. >> the individuals did not know about the connection. >> that's bologna. really? i mean, they even know. >> the sacramento sheriff's gang unit notified the school of the possible gang connection. school officials say they are notifying parents about it and offering a refund. >>> starbucks is kicking off a new initiative to helplauf laun hire 10,000 veterans and spouses over the next ten years. veteran s often hav

a spokesman says the school is ontrack to overspend by $3.8 million this year. critics want to know why this is hatching after voters approved proposition 30 which promised relief from such cuts. >> we will check with meteorologist, mike nicco, and see if the warm up continues. mike? >> good morning, everyone. the next 12 hours we will start at 7:00 with temperatures in the mid-40's to low 50's. as we head thousand the date high clouds are on the increase but notice the warm weather will be out there in the mid-60's to 70's for lunch hour and if you are out and about at 4:00, 64 at the coast and low-to-mid 70's for the rest of us and the temperatures are before average. with the high clouds it will be mild this evening and you may need a coat, low 60's by 7:00 for the rest of us. we will look at the next couple of days with more cloud cover tomorrow as the storm system passes to the north, and it doesn't bring us much needed rain but it does induce the sea breeze so temperatures drop four to six degrees tomorrow and another two to four degrees on friday and agai

how likely is it that americans will overspend during the holidays this year? > >it's as much a tradition as apple pie and grandma's house. unfortunately this is not an unplanned expense, we've known it's coming all year long. there's no better time than the present to really make a plan---not only for this year, but then as soon as you get beyond the holidays it's time to start planning for next year so that you can have that money set aside in advance and not be scrambling at the eleventh hour. > >what are your tips to avoid putting a strain on finances into the new year? > >sit down and make a plan. who do you have to buy for? what do you have to buy? what other holiday related expenses do you have on tap? is it travel, are you hosting meals? you want to get a total tally. the next job is you gotta figure out where that money is coming from. the idea being that you want savings and the ability to set money aside ahead of time to absorb these costs as much as possible so that you're not stacking it on high interest rate credit cards that are gonna carry over

. >> people are telling us i'm not going to overspend. i'm going to manage it and work off my list. >> reporter: and they're going to comparison shop to get the best price. >> when you see how much you can get things for, it's a much better deal. >> reporter: wait for the sale. >> wait for the sale. >> reporter: even with the bargains, the average shopper expects to shop around $400 this weekend. alison harmelin, cbs news, new york. >>> financial markets are closed today for thanksgiving, but when they reopen on friday, they begin in or near record territory. the dow picked up 24 points on wednesday to close at 16,097. the nasdaq gained 27 to finish at 4044, a 13-year high. >>> and the judge has clear the way for a merger in american airlines. the judge ruled that concerns about competition have been settled. american, united, delta, and southwest will control more than 80% of the domestic market. >>> the obama administration delayed another part of the health care law on wednesday. small businesses won't be able to buy insurance online u

conspicuous overspending together with in paris to stare at a desk and the stereo in the back of thankfulness is worth millions but where is this contradiction leading the society. unions are organized to provide safety and strength. but the weakest link town become a burden so was creating the eurozone even a good idea as crisis still resonates within europe revealing weaknesses can the eurozone stand the test. john clear to share the former head of the european central bank it's really great to have you on our program today it's a great pleasure right so almost six years on after the crisis when just save the europe out of the worse i would say that the probability of the metal utilization of a tail risk meaning the change of the dimension of the your way here we saw countries or currently leaving the that risk has will be alleviated because of four. they see it first all countries which we are under stress have adjusted and the result of the adjustment are very visible in the eyes of the external observers and markets second governance has been improved quite considerably with the forcing

. >> but we corrected -- >> requirements, overspend, what came in and fixed it but it's the same situation, ill defined requirements, all kinds of questions across the board. >> i've been told that this was simply lazy federal contracting. what other failures of cms and policing the cgi contract to ensure that the rollout of healthcare.gov would be a success? what are the failures? anybody tell me? >> i'm going to go back. >> the oversight of cms. >> executive oversight. there's a fundamental question. to the investment boards in place and agencies and departments, questions are what meetings occur who attended and what risk were discussed and what fallout occurred and how timely were the meetings? that's what you need to look out. >> from a taxpayer perspective, these are millions of dollars going to a failed product. i don't think they are happy and with that, mr. chairman, i yield back. i don't have time. >> i ask unanimous consent ranking member have 30 seconds. >> i'll yield. >> the gentleman is recognized. >> i thought you had time, i'm sorry. mr. park, we've had a lot of bad news in

loan or it to avoid bankruptcy because it had built up such huge levels of debt as a result of overspendinggaret thatcher made the point that the problem with socialist government is that eventually they run out of policy with money to spend and what we are seeing in america today is a deep-seated antibusiness mentalitabout this administration, that is the mentality that is driving euro two destruction today. and it's a mentality that will ruin the united states. i do think the leadership lessons provided by them are badly needed here today in america. neil: it's always good to have you. thank you so much, my friend. when we come back to remembering this other anniversary, what if i told you that these fellows on the right would not have been possible without john kennedy? what i am saying is that he actually invented the internet. sorry, al goxipl neil: one thing that is lost is what john kennedy not only did on tax cuts, being pragmatic to grow a business, but what he id for the space program and the ancillary effects that it it had on almost all things technology. ifirmly believe in my d

a loa for it to avoid bankruptcy becauset had built up such huge levels of debt as a result of overspendingthatchemade the point that the problem with socialist government is that eventually they run out of policy with money to spend and what we are seeing in america today is a deep-seated antibusiness mentality about this adnistration, that is the mentaly that is driving ro two destruction today. and it's a mentality that will ruin the united states. i do think the leadership lesson provided by them are badly needed here today in america. neil: it's always good to have you. thank you so much, my friend. when we come back to remembering this other anniversary, what if i told you that these fellows on the right would not have been possible without john kennedy? what i am saying is that he actually invented the internet. sorry, al go this is the quicksilver cash back card from capital one. it's not the "fumbling around with rotating categories" card. it's not the etng blindsided by limits" card. it's the noame-playing, no-earning-limit-having, deep-bomb-throwing, give-me-the-ball-and-i'll-tak

number of classes to balance a budget and a university spokesman says that school was on track to overspend.8 million this year. >> four, a new snag while demolishing the old bay bridge with sections to be removed this morning, but the contractor is still working on a way to contain the debris. the work will now most likely begin in a week. >> elections bring change to the bay area. sunnyvale says yes to strict if you gun laws. in san francisco, development on the waterfront famed. and antioch agreed to sales tax increase. >> clouds and cooler weather this morning. we will see what will happen this afternoon. high clouds and sunshine with temperatures above average, mid-60's to 70's from the coast and san francisco and around the bay, 71 to 76 and inland 73 to 76. injury the -- enjoy the last day. >> bay bridge toll plaza is busy. here are the major problems, sig-alert southbound 101 and northbound 101 at woodside road because of a car traveling at a high rate of speed. the top speed is 11 miles per hour and three miles of backup in both directions. two lanes are blocked southbound at marsh

we are looking at overspending, health care that cost some hospitals $600 million, up to $1 billion at the denver hospital when they were trying to build a new hospital. things are costing beyond what they expect. government-run health care isn't run effectively and tri-care is evidence of that. this man has a daughter he can't put on it because it's government-run health care. people won't have it easy with government-run health care. the vets will suffer, too. >> they could have left it as it was. you wouldn't be able to have your child on. >> i agree. >> there is a benefit but it costs money. great to see you. >> thank you very much. >> the president who gave us two of the most liberal supreme court justices now says he's in the middle of, quote, remaking the courts. up next, he may soon find the task made much easier. plus, as a superstar actor declares himself a conservative, we'll tell you who. we'll speak with another well known hollywood writer about what happened when he the ditched his liberal ideas for a different view of the world. [ male announcer ] there will be more powe

the school was on track to overspend by $3.million this year.cs want to know why this is happening even after voters approved respect six 30 which promised relief from such cuts. >> if you are planning the day we will check with mike nicco to see if it will be a warm one. >> warm but cooler. temperatures are running in the 40's and 50's with a few high clouds and now through 7:00. we jump into the mid-60's to 70 by noon and lunch outside will be great if you have sunglasses. we will have mid-60's at the coast at 4:00 but everyone else is in the low-to-mid 70's above average and it will be mild this evening keeping the tomorrow in the mit 50's at the coast and low 60's for the evening. the cooling trend starts tomorrow and that buts our temperatures back to average with the storm passing to the north kicking in the sea breeze which continues and friday and saturday we drop a couple of degrees and those temperatures will be in the 50's at the coast and mid-to-upper 60's for the rest of us and that is a little bit below a. an updated on the veteran

last month, academic programs looked like they were on track to overspend by nearly $4 million. department chairs and directors holding an emergency meeting at 10:30 this morning. reporting live, christie smith, "today in the bay." >>> the time is 5:06. the refreshing friend starts. christina loren here, good morning. >>> good morning to you, jon and laura. good morning to you at home. plenty of 40s out there. upper 30s in gilroy. 39 there. 47, livermore. 46 in napa. major, major changes headed our way. we are going to get into the rainy pattern again specially if we head throughout this weekend. i want to show you where we are headed today, in san jose, 75. it is going to be comfortable out there. things really change to 78 in livermore, 75, san jose, 74, oakland for today. 73 in san francisco. this is the last day of the 70s as we head throughout the next couple days. major changes. san francisco, you are going to drop by almost 10 degrees. a significant dropoff in the city. that's because we are going to see the morning cloud cover return. as we head deeper into the weekend,

we're looking at overreach, overspending and health care that cost up to $1 billion at a denver hospitalthings costing way beyond what they suspect. it's not run effectively ztri care is evidence of that this, man is covering now that he has a daughter. it's not easy. ask veterans are going to suffer, too. >> they could have left it and then, you would have been able to have your child on there. there is some benefit. >> i agree. >> great to see you. >> thank you. >> thank you. >> the president who gave us two of the most liberal supreme court justices says he's in the middle of quote, remaking the court how he may find that task easier. plus, a actor declares himself conservative. we'll speak with another well-known hollywood writer about what happened when he ditched his liberal ideas for a different view of the world. maestro of project management. baron of the build-out. you need a permit... to be this awesome. and you...rent from national. because only national lets you choose any car in the aisle... and go. you can even take a full-size or above, and still pay the mid-size price. (

. >> and it just takes the holiday season like this where everybody gets emotional and they overspend. >> reporter: but between a still struggling economy, internet sales on the rise and shoppers avoiding the crowds, black friday sales are far from a sure success. >> about the same as last year. if i can find a great deal, yes, i'll get it. >> reporter: but the sea of shoppers at old navy seem willing to trade long lines for good deals. the credit card bill, they will worry about next year. >> still have money in my pocket. >> reporter: that's a good sign. >> that's a good sign. >> reporter: experts say expect even better deals as we creep closer to christmas. but you risk missing out on that special gift if you wait too long. live in emeryville, brian webb, kpix 5. >> and the first official black friday shopping numbers should be released tomorrow. >>> it's crazy. >> that's right. the south bay people braved long lines at valley fair to get their shopping done. many of the shoppers we found said they were getting up early and it was worth it. santa clara mall opened at midnight with

million deficit and last month it was clear that the school's academic programs were on track to overspend $3.8 million. so university leaders are saying this is not a midyear cut but instead they are just asking the academic programs or departments to operate within the budget but if we're talking less money and fewer classes, if it walks like a duck, it certainly talks like a duck. live in san jose, back to you in the studio. >> a university spokesman says at this point they don't know how many classes or programs will be cut. >>> some of the highest home prices in america are right here in the bay area. it's true. alexis christoforous now of cbsmoneywatch.com with the findings of a new survey joins us live in new york. good morning. >> reporter: good morning, frank and michelle. yup, california is home to the five most expensive real estate areas in the country. malibu is the most expensive with an average home price of $2.1 million. newport beach has the second most expensive real estate in the u.s. followed by saratoga, california, los gatos, and san francisco. new york is the only st

usually overspending. you can't even find it. we were looking the other day, my producer.we were looking for news coverage of the shutdowns. there's hardly any. they were not like this. this is big. this is big. but how long will it last? i hope it doesn't come much past the 17th. my concern is this, and this is not partisan, i believe he always was an honest guy. when i worked with them. suppose an airline had 100% safety record for 100 years, 200 years. and then it announced it had a 95% safety record. would you get on that plane? we have had -- you would? gridlock. [laughter] you wouldn't it was an airline with 100% safety record. you would get on that one. we've been great about this. we've made our payment our enemies. when you're paperboy and your told by savings bond, we've always make the payments. when we stop them i think it goes on record like anybody credit rating i'm worried about it. because we don't know. it's like it's deathlike. we don't know. we don't know what the day after death is like. we don't know what this is like. we can pretend we don't -- first

$32 million deficit and last month it was clear the school's academic programs were on track to overspend million. so university leaders are saying this is not a midyear cut. they are just saying they are asking the departments to operate within the budget. but if we're talking less money and fewer classes, michelle, if it walks like a duck and talks like a duck -- live in san jose, back to you. >> any word on how many classes will be cut? >> reporter: well, michelle, university leaders say they are not sure about how many classes or programs are going to be cut but as we mentioned earlier, they are planning to meet again today so hopefully we'll have more information after today's meeting. >> thank you, cate caugiran live in san jose. >>> lawrence joins us now with a look at weather. i guess rain, really, somewhere on the horizon? > i hope so. i think we may see the pattern shift. today likely the warmest day of the week. enjoy it. big changes ahead. outside now a beautiful beginning to the day. the sun just about to come up officially at 6:40 this morning. got a couple of clouds outside

government is overspending. but is anyone lobbying on behalf of poor people who actually can't eat?ot of these organizations and anti-hunger organizations that are doing that. but if you think about it, the proposed bill in the house is $40 billion over ten years. in the senate, it's $4 billion. regardless of way that you cut and slice and dice, that means cuts. that means less money for the people who are already in need. and if you think about the people who are actually receiving these benefits, we asked the congressional budget has these numbers out there, most of these people are in deep poverty. 85% of them are in deep poverty. and from the food bank, they sell tell us we're seeing new customers, a lot of them are veterans who are unemployed not receiving benefits in the past who are now looking for benefits. ance also college educated people. >> that's distressing. great story. thanks for looking into it. >>> cnn has learned that a group of cia operatives are planning to testify before congress about the 2012 benghazi terror attack that left four americans dead including the

preparations for next year's world cup have been plagued with problems, including delays, accidents and overspending. the prime minister of latvia resigned today in the wake of a supermarket collapse that triggered public outrage in the baltic state. 54 people were killed last week when the building's roof collapsed during peak shopping hours. the latvian government came under fire for its lack of oversight of building projects. prime minister valdis dombrov- skis ackowledged the disaster in his announcement. >> ( translated ): considering the tragedy in zolitude, and taking into account that a government with a clear majority in parliament is needed to solve the situation that has developed in the country, i announce my resignation from the post of prime minister, taking political responsibility for the tragedy. >> ifill: a criminal investigation into the supermarket's construction is underway. the italian senate expelled former premier silvio berlusconi from parliament over a tax fraud conviction. despite the move, the 77-year old pledged to stay involved in politics. without a seat in parliament,

if they overspend, they owe blue cross. and why isn't that an incentive to stint on care?there's a broad set of quality and outcome measures on which the provider organization can earn significant additional revenue by performing well. >> reporter: the plan slowed spending by 2% its first year, better than 3% the second, while improving outcomes. how? >> if you had to say where you get the numbness and tingling in your hands, show me where. >> reporter: one new approach is being road-tested at partners, the state's biggest health care provider. it's turning its primary care practices into patient-centered medical homes. >> when i last saw her, i thought she was doing significantly better. sarah's asking the psychiatrist to be involved and suggest different kinds of medication. >> reporter: patients are treated by one doctor-led team that includes a social worker, nutritionist and other specialists. the belief is that coordinated care will keep patients healthier. >> you're run down from the first infection, so that puts you at risk for a second infection. so, if that happe

we can't afford to fund our social safety net, we have overspend and are bankrupt, that is the narrativeof the tea party and increasingly the mainstream republican narrative. we have to cut, because otherwise the country will sink. a lot of people talk about grease. we will become like grease or we have become like greece. to me there's a medical analogy we could use here. increase is a small country with very profound economic problems. genuine economic problems. has run out of money not being the least of them. when grease spends money at the moment it is basically spending loans from the european union's particularly out of cash and the medical analysis is a disease like cancer. disease that is eating away. the american body politics doesn't have cancer. it has anorexia. we are choosing not to nourish our public infrastructure. we have got a political narrative in place that basically says it is wrong to fund things like health care properly, it is wrong to fund public works programs properly. we could do it. we are $17 trillion economy. the largest economy in the world. we have the m

you use the bar and drinking, i hate to use the word addiction that is number one excuse if you overspendght? what is your advice, dave, really reining in in and using cash and being savvy instead of building up credit cards. >> santa claus is good friend of mine and says you ought to make a list and check it twice. that is christmas budget. get the credit cards out and have a plasectomy. chop them up. write down the list on purpose. we created a tool called my christmas budget at my christmas budget.com to do it free. it is working. people are learning to live on what they make. what a concept. adam: we have questions viewers sent in that you two can answer for us this is from dave. this is from muriel. i'm majoring in finance and aspire to be financial advisor like yourself. any career advice for a college junior? >> finance is a great degree because it opens up a lost possible things you can do, entrepreneurial, certainly in the corporate environment as well. being a one-on-one financial advisor there are two types. the type that sell product. meaning they sell investments or insurance

i've been actively involved in conference overspending and have actually sponsored bills with respectut they va spending on conferences to me seems more egregious than any of the others, especially when you look at the backlog of claims some of our veterans are facing. we're looking at 717,000 backlog claims in excess of 125 days in some cases. so i'm going to digress for a second on those backlog claims to set the stage for some conference questions. secretary shinseki sought to -- when he testified before congress on october 9. i'd like to ask you, ms. farrisee, is it true that the department only furloughed 4% of its employees during the government shutdown? >> at the time of the shutdown, yes, there would've been more employees for load had the government not come back on spent only 4%. let me ask mr. murray censure the finance guy, they va has pretty much been extended from cuts in sequestration, correct? >> it depends on the program. we did furlough information technology employees. >> isn't true that congress has pretty much met every request from department to increase its fun

>> the total overspend the 762 as far as we could determine. >> but it could have been more. >> we have in this report that the planters were using these trips to these various resort locations by the taxpayers. it seems to me that this type of act two days needs to be stopped and needs to be restricted if the employees of the va are patriotic, dedicated employees. general farrisee, why do you think conference said six were able to maximize spending on this promotional products. does any supervisors stepped in to say these amounts were too high? did they just not control this much at all? >> congressman, i believe there is a lack of oversight to the whole conference planning. there is not enough leadership attention to other details. >> well, we certainly hope that this stops. all of this money, instead of it being paid vacations for va employees as others have said could've been spent in many, many better ways. thank you, mr. chairman. >> thank you. recognize the gentleman from nevada, mr. horsford. >> thank you, mr. chairman. on october 1st, 2012, the inspector general's office public

my time here few of our colleagues have done more to expose waste and duplication and spending, overspending than our colleague from oklahoma, senator coburn. i'm of course cognizant of the fact that senator mccain, the senior senator from arizona, has quite a reputation himself in this area. i'm pleased to join them along with, i anticipate, the junior senator from arizona to talk about some really important work that senator coburn and his staff have done to help highlight the savings we can find within the defense department budget due to duplication and waste and just failure to exercise reasonable management practices like an audit, how we can save money from there and reallocate that money to help our fighting men and women in uniform help keep us safe and help maintain america's role as a preeminent military leader in the world. senator coburn has pointed out in a new report -- i'm sure he'll talk about this -- we can save more than $60 billion by consolidating half the federal government's duplicative programs. i mean, each of these programs has its own overhead and we could by conso

of the united states. $1.45 trillion in overspending in a single year.ed millions of americans to stop and gather, many of the first time, to be able to gather in small groups and say, our government is struggling, this is not going as a nation how we thought it would go. and they gathered together in small groups spontaneously called the tea party groups. groups of patriots, individuals, housewives, moms, business leaders, guys that own locksmith shops and all these different places that were around just started gathering together to say, what can we do? just normal americans. as they began to as they began to meet in groups of five, 10, 20, 25, sometimes they'd meet with 200 people, but most of the time it was at somebody's house. most of the time it's at a v.f.w. meeting place or some other spot. they determined, well, we need to get organized and we need to be able to pass out materials and do some things. and to do that in our governmental system, they've got to try to find some way to be able to organize that money together, which means they need t

i mean, you don't rush out and is overspend and think that, hey, somebody is going to step in and bailou out at some point. but somewhere we drank the kool-aid and we decided that it was okay to spend today and try and pay it back tomorrow even though we didn't quite know how we were ever going to pay it back. and that remains the problem here, as well, joe, because the banks are stuff chock-full of nonperforming loans. they've been encouraged to buy sovereign debt in countries around the region. look at italy, portugal or spain. they have plenty of debt because it's risk rated zero on their balance sheets. the trouble is when they're not able to pay the interest charges on all that money that's been borrowed, of course, then everybody gets nervous. and we've still got that issue to run through through the rest of this year because mr. draghi the last time we spoke, i think, joe, said he was going to start an asset quality review of european bank balance sheets that was going to lead ultimately to another stress test. only the third we've had in europe and, of course, we know every tim

what all the hiday gifts are gointo cost you this year >> suze orman is here to keep you from overspendingmean to -- >> not me. i'm all good. >> i want topologize for everything. >> ion't know what it ishey did but they're afraid i'm going to yelat th. a recent gallup poll shows that a lot of people putheir gifts on the credit card. >> it is so horrib. i don't want to seem like the grinch that stole christmas. what is horrible is we work, fromanuary until november to get o of de. to really start saving money and then in december, we blow everything because we are too guilty to not give something we can' afford. >> that is less thanhat people said they were going to spend st year so is that aood -- good news, people are realizing i don't need to spe that much. >> what else is good is that the gift cards that everybody is giving, the amount -- eve thought is a pular item still, the aunt of gift cds being purchased ts year are less than themount of gift cards last year. i really don'tike gift cards. >> why not? tell everybody. >> i don like gift rds. last year alone,ver $2 billion were not us

we have heard that this $6.1 million on these conferences, , i think --s spent >> the total overspend was $762,000 is what we determine. >> it could have been more. the planners were using these trips to look -- to resort locations as paid vacations by the taxpayers. this type of activity needs to be stopped. it needs to be restricted. employees of the v.a. are employees,dedicated this will stop. why do you think conference planners were able to maximize spending on these promotional products? did any supervisor step in to say these amounts were too high? did they not control this at all? >> i believe there was a lack of oversight through the conference planning. there was not leadership attention to all the details. we certainly hope this stops. , instead of paid vacations for v.a. employees could have been spent and better ways. thank you very much, mr. chairman. >> thank you. recognize the gentleman from nevada. >> thank you, mr. chairman. the inspector general's office report onleased a conference oversight, internal controls, and spending. themany recommendations did secretary co