in addition, you need a leverage ratio.um level of capital, 5% for the holding company and 6% for the banks. you need a minimum level of capital irrespective of risk ratings. that is what we have needed. -- u.s. has also had a rebel always have a leverage ratio. we are bringing the world toward us. we can't get distracted at this point. >> we have about 30 seconds left. how do these rules affect the competition between u.s. banks and international banks? does it affect the playing field at all? >> the big banks would tell you it does. i don't believe it seriously does. the banks that are ultimately going to prevail or the strongest banks, the ones of have the best balance sheet. those banks need to be in the u.s.. >> bill isaac is the former chairman of the fdic. joining us in the studio. always good to see you. >> happy holidays. >> still ahead, how safe is your car? the insurance institute for highway safety has been butting models to the test. those details when "bottom line" continues in just a moment. ♪ >> welcome back

and we would calculate the ratio as the lowest ratio was only can you let its basis on that period. that would be reported. and the advantage of that is that the market would become a factor in exercising some discipline over the liquidity. it wouldn't be only the burden of the regulators. it would be very clear that stress the are dealing with would be useful if you are looking ahead and say what will the cash flow be looking ahead. but the problem in that is you have to make a number of assumptions that are highly subjective, difficult to verify and almost invite gaming so that a bank with a liquidity position can easily manage the scenario to make it look better than it actually is. if you get the actual data there's nothing you can do and it's simple to deal with. so we've come out with an actual measure and the market, understanding there are significant business differences across banks, would probably form and look at one bank related to a bank that had a similar make stuf such business. given that we can't be sure exactly what that ratio is another would be the feeling of wh

a ratio of 621 to 1. some corporations justify the ratio by boosting the value of shareholder stock. >> they began the effort to tie their compensation through stock options and other means to the corporation's financial performance. unfortunately this has created a real short-term mindset where american managers have come to manage four of the short term as opposed for the long-term health of the enterprise. >> the gap between corporate executive pay and workers wages was not always so vast. for much of the last century the ratio was consistent. but in the early 80s workers fell farther and farther behind. in 1980 the ratio was 42 to 1. 20 years later corporate leaders were taking home and today they take home 204 times more than workers. there is no sign that the ratio will be improving, but it may become more transparent when the federal government orders corporations to report the difference between what bosses earn and what they pay their workers. >> last month the question of salary caps of ceos was

>> i have a question about the coverage ratios. with the three enterprises, right now you are showing 1.25. is there one of the enter -- enterprises. >> at that time we'll look at what specifically that coverage ratio needs to be. if we had to sell the bonds today, it would be 1.25. that's what the market is demanding. >> okay. i thought that was an on going figure. but you say not. my other question is under waste water, the sewage service charge? footnote a, i don't really understand it. >> so the sewer service charge is projected to be a little bit over or better than budget because we are collecting and treating more flows than what we had originally assumed in the budget. this is part of the fact that we are now doing 2-year projections for the budget and last year we treated more sewage and that heighten treatment levels are into current year. that leads to a slight positive surprise in sewer revenues. >> thank you. >> thank you. >> next item is our draft rate pay era insurance scorecard. >> next i will present you nancy -- s

ratio p. e. ratios are a fiction to mean that they're so contorted. is actually stock when the other day told me that he estimates that thirty percent of the p thirty something earnings puffery is coming from excluding items as one off items and so they're taking operating expenses and writing them down and pretending like it's something special he estimates is thirty percent they use forward earnings which invariably are profoundly optimistic and by the time the forward earnings start to show up to be flawed they then roll it over to the next year's forward earnings and so if you go to a shiller p. e. which you find which is a backward looking p. you find that the market's an estimated seventy percent overvalued so you think you think this forward looking that's where it's in terms of flawed it's always too optimistic it's it's a bad show they're inventing the numbers so they have numbers for earnings through last year in previous years and they're choosing to use the ones that they get the fabric so it's really bad joe now we're in uncharted waters

for eu ratios. -- for e ratios. >> western washington has to get its act together and have an environment that promotes business investment and private sector led growth. at is the objective for 2014. >> adding all this and perspective -- putting all this in perspective, what does it mean for corporate america? >> we cannot run a deficit forever, we cannot have a massive combination forever -- massive accommodation for upper. myself.truggled with it at lower prices i thought there would be the corrections. now it is what could cause me to be afraid of the earnings. >> what matters most to business leaders and investors right now? >> one of the problems for investors in the last few years was macro was mattering a lot. the fed, europe, china, all of these macro issues. macro is mattering less. that is one key point. the second is dispersion. in the range of possibilities look low, for instance. if it was at 30 times earning and sometimes 10, you would wonder if they were all this brutal. we have narrowed this version. it does that mean when you see an opportunity you have to make it bigger

the capital/labor ratio that his workers used. thirdly, he did everything in new ways. andesigned a different product.re intced a novemeodof procti- e assembly line. he was, according the gre, intan entrepreneurf procti- e asit has been said thatankee know-how made america gat. henry ford was one yankee who did know how. space. the race to reach beyond the limits of this planet capturedhe country's imagination in the 1960s. for decades americans have supported a mar investment in the space program anits accomplishments, like communications satellites. how does thissatellitescame, far-out technologynts, come down to simple dollars and cents? early is century, tecommunicatio went where wires went. fiiraculously, across the street, teomity cit tecommunicatio went where wires went. then wire went under the ocean, and eupe was on our doorstep. by the late fifties, inational communications was busy. telstar, 1962. russian pre-eminence in space was more of a boost to telstar than was economic demand.wi, 100 transatlantic circuits were in

that is my number one favorite ratio to look at the. the peg ratio. visa is still more attractive from a peg ratio stand point so therefore i like visa a thousand times more than american express. >> how do you really feel? okay. so jason loves visa. jonathan -- >> no long-term debt. >> debt is not always a bad thing. talk about it another time. there you go. thanks, guys. >> thank you. >> check out the on-line edition of talking numbers. yahoo! finance, look for cnbc, click talking numbers, see me and mandy's face every day, double sullivan or mandy. >> what is the sound you have to make when you go there? there you go. a looks retail battle royale. we're turning french. michael kors taking on coach. who will be crowned the christmas winner some. >> million dollar home challenge today and i have a home coming up it's a river retreat really cool inside, great backyard, in a cool town, i predict it will destroy that lavish lodge in massachusetts. before we do that, though, what's happening down at the new york stock exchange. kelly evans? >> brian sull

in the u.s., the ratio is 12%. in germany it is between seven and eight.therefore, technological platforms should target specific results. obtainment of patents and licenses. we must create a domestic demand. this is an important circumstance. for these purposes, investment programs must be used. we are talking about gigantic amounts of money. lately, activities have been fragmented and they are dealing with a multitude of projects that are not connected among themselves and are not based on innovation and not related to innovation. this is not what we built those institutions for. the projects may be good, but the institutions were not created for that. they were created to support an innovation-based economy. they have to be retargeted to achieve technological breakthrough. the economy needs to be cleansed of old and ineffective technologies and a modern system of technical and environmental regulations should be created and set up to operate flawlessly. it is a complex and sensitive issue for the economy. i believe the government, jointly with the busin

exact same thing, the positive to negative ratio. positive statements to negative statements.if you look at this that you can see a bit of a division. tea party members were more critical of both parties compared to establishment republicans. what does that mean? it means we have a invited reprint -- divided republican party when you look at issue positions and attitudes toward -- candidates come part comparing tea partiers to establishment republicans. media habits clearly differ. we did not show you all our findings but fox and talk radio, it is clear. ofthe end, in the month october at least in 2012, when it came to posts on twitter, the posters for the tea party, the gop, the people who has party and gop, they rallied around their candidates. maybe more significantly, they rallied against the opposition. that is what we show here. divided in some ways but rally affected -- the rally effect at the end is still there. >> thank you. next we will have william miller flagler college and i call john burton from ohio university. enemies?" "who needs >> thank you. always appreciat

the ratio between oil prices and gas prices remains pretty much in the range of three. -- decided to pessimistic based on that assumption? >> let's start with the sensitivity of oil production to prices. clearly there is a sensitivity. we are already seeing -- the forecast i had was for brent, the method prices -- first, west texas intermediate and now more sweet,y light louisiana selling below brent. we're still getting the growth in output. a number of companies and analysts have tried to look at this on an individual company basis, and there are analysts that believe shale oil production in general is probably -- continues to be profitable below $90 a barrel, down toward $80 or $85 a barrel. it is going to vary from field to field, and company to company. those calculations are they stalling cost assumptions that continue to change as the check algae improves -- technology improves. as drilling rig efficiency get better, and as well productivity gets better, the overall cost structure for shale looks like it could continue to come down. that could make a difference. there are also

the five point five percent of the tree to about fifty percent compared to lt ten years the donkey ratio of more severe than before. twenty more than a hundred fold. we mailed it to two point five to thirty five years old. maybe having two million e mail. aging population problem will become more curious attitude of thirteen. the population older than fifty years old will count for more than thirty percent on total population the new pope is expected to improve the dolphin ratio will ease the shortage of labor force in china. the un to hinge on the calm that i cannot come in off the field trip we visited called composite back in time the economy. first although pointed out the new poll to increase the consumption into chronically short of the long run. that could hit the board of education communication will travel. all he could be due to low capital. we are all committed to the polls he could also provide the labor force has improved and international competitiveness which on economic development. its economy like it like more high technology industries. modern service industries. i cou

you know how much longer will people even believe in these hollywood stories we've reported on this ratio before debt to g.d.p. growth going back to the one nine hundred fifty s. it was almost one to one so america would issue some debt and they'd get some some kind of g.d.p. kick as a result of it but it requires more and more debt to quibble cape equivalent same g.d.p. dollar of growth and what we now have is clearly a case of zombie banks and zombie corporations that would not survive if they weren't being transfused with more debt continuously which means that good businesses are being crowded out by zombies and it also means that you've got a. total loss of competitiveness so this is the worst thing really that quantitative easing is done to america it's just reuters competitiveness down the n.s.a. spying on top of it and again the only thing left are these belligerent quantitative easing moderating fear mongering really trolls whether it's john kerry going around the world threatening people or it's barack obama or it's jamie diamond they have nothing of to offer other than violence

work in ratio and. in one week. job. it's just simple story. but heavy rain and strong winds are causing significant problems. with the harvest already behind show jewel phillipe has to make sure the process runs smoothly the weather hasn't been kind and he needs to check the quality of the grapes that are coming in and exactly how long it's going to take the longer the fruit stays on the vine the riper it becomes which can significantly affect the taste judging the moment of perfect rightness is one of the most crucial decisions in wine making. he did. tell us please when are you going to finish if it doesn't start raining. into our. report on and then let's call it a day. but like you've never heard of the brown family one reason this recent heavy was all know who or what she's. like to stick. of have got to find. one but you. will receive the grades you see. this is my last why did. you go to this country ok i'll just go. to break so why do you need to distill so. much to be. this if i can decide as a team. to. be just. like . the depressed.

cap x sales ratio is not that different. toareholders are fund the investment and sales growth. the question is what happens to the margins? will we see margins beat all of brick-and-mortar retailers as the amount goes up the? >> thanks, john. the comedy sequel from will ferrell and adam mckay opens next week in the united states but ahead of that release, ron burgundy has been on quite the promotional tour. >> let me get this straight. a movie that came out in nine years ago and earned a respectable but not extraordinary $95 million is spawning a sequel that maybe the comedy hit of the holiday season? >> that is without a doubt the dumbest thing i've ever heard. >> how did that happen? it was wicked funny and became a cult classic thanks to cable tv and netflix. >> i dig. we all dig. >> i don't know if it's any good, but already it's a marketing juggernaut. a year and have since the movie has been announced there's been a museum exhibit, a book, dodge , a mobile game, cameos. they even rename the college. ins are no new thi

we reported on this ratio before debt to g.d.p. growth going back to the one nine hundred fifty s. it was almost one to one so marital issues i'm dead and they get some some kind of g.d.p. kick as a result of it but it requires more and more dead to. quibble and same g.d.p. dollar of growth and what we now have is clearly a case of zombie banks and zombie corporations that would not survive if they were being transfused was more debt continuously which means that good businesses are being crowded out by zombies and it also means that you've got a. total loss of competitiveness so this is the worst thing really that quantitative easing has done to america. i. new charges have been filed against egypt's former president mohamed morsy he's suspected of involvement in a prison break and the killing of police officers during the twenty eleven uprising against hosni mubarak protesters meanwhile continue to be swept up in a government crackdown we're age it seems doesn't matter true has a story of a fifteen year old boy who's languishing behind bars. mohammad buckra waits at home for the

and united states i disabled i decided work in ratio and. proposition for.

a sharp ratio. brack inde the camera again. -- back in again. this is the sharp ratio. returne amount of -- the that you're getting based upon the risk you're taking. that's why it's a ratio. and when it gets up this high, it tends to peak out. and can we make the statement, get that'st when we peaks, as we have seen at other times in the past, that you then get returns, again, historically that just aren't as good? last forever.n't >> you could sustain it for a while. i'm as bullish on the american been in 15i've years. but we had a really, really strong period for earnings growth. think that the economy will strengthen, that corporate profits will be moderate. here the valuation gains that you're likely to get are going to be a little bit less profound. i think in particular because we're not going to get the extra from the of easy money fed. little by little that will change. so we've taken our overweight it into slightly moved some of the markets where we have seen less profound strong returns. .> understood steven whiting. you on theood having show. >> thank you. >

not there i know there's a lot of there's a lot of concern on the right about you know the seaquest ratio and the progress that was made towards cutting the budget deficit when the sequester was implemented deaf. the deficit is a third of what it was before and part of that was because it was offsets right in the part of this because that's where the now looking at someone like a rand paul who's looking and say is ok i don't know what let me know where we're going to get the extra savings and i'm not sure i'm comfortable with those savings coming down the road as one of his paraphrasing one of his quotes but the question is can you build a coalition that passes and i think that the far left the progressive wing of the democratic party will be will have a lot of heartburn about the fact that unemployment benefits are an extended i think it's back to twenty six we think that's going to supper priscilla maybe maybe in that would be hard to pass the house without without it being separate but at the same time can you build a coalition between you know some you know combine or build a coalitio

because it had a 30 times growth rate, giving it a peg ratio of just one. at the cheap end of the spectrum. that's how that happened. where do they observations come from? the value investors who would be attracted to selling stocks of peg of one or less they create more. you usually can find a i booer if the stocks multiple is at its growth rate. the growth investors hardly ever pay more than twice the growth race, a peg of two, which means will say almost no way those stocks can go higher except for the cold stocks. but you stick with the example of fwoogel with a 30% long-term growth rate, it would become a sell, just too darn high and as i've learned over and on over and over again since the show began oh, so many years ago. with my message, this one is a rough approximation. a lot of times the stock will get cheap based on its earnings estimates simply because those need to be cut. or it will be cheap he relative to its growth rate because the growth is selling. in these cases, the stock could trade well below the one times growth. and the fact that it

what's the ratio of flour to milk? should you let the batter rest? what kind of pan to use?the pan preheated? how do you flip it? i have no idea. in fact, this is what i get: undercooked crêpes or overcooked crêpes. so let's go into the test kitchen with becky and figure out a foolproof method for making perfect crêpes every time. you know, in the last few years, a lot of kids have been watching america's test kitchen, and one of them had a mother who wrote in and said, "my daughter abby, age six"-- there we go-- "is an early riser like me, and we often watch tivo'd episodes of america's test kitchen before daddy wakes up." smart daddy. "she thinks bridget, julia, and becky are very nice to teach chris how to cook." >> (laughs) smart little girl! >> so thank you very much for teaching me how to cook. i appreciate it. so today you're going to teach me how to cook crêpes. rule number one: heat the pan properly. i have a skillet that's already been heating, and i have half a teaspoon of vegetable oil in the pan. i'd like it to heat for about ten minutes on low heat. if you just

they have inverted the ratioed they sought and then some. at prospects according to some authorities, $17 trillion in unfunded liabilities because of unintended, massive expansion of mecaid through the marketing of obamacare. >> well you know, this is the interesting thing about the law, is that it is supposed to expand coverage by 30 million people roughly half odf that is through the website, through the private insurance exchanges. and half of it is through the medicaid program. so what you hear a lot of commentators say, particurly on the left, well, at lea the medicaid portion is succeeding because those people are enrolling, as p i argue in the book you mentioned, that is not success for thoseeo studies show people on medicaid fare no better than people with no health insurance at all when it comes to health care outcomes. lou: say that again. medicaid is effectively not working. >>ly studies show people on medicaid don't fare better in things like mortality, heart disease, diabetes, anything like that relative to no insurance at all.

three times what a young person to pay young person has a huge amount because they are limited by this ratioepublican says obamacare gets it 70% right. you can watch the full interview on bloomberg.com/tv. two at the fed. why stanley fischer is a big deal. we will talk about that. detroit revival, we will take you on that journey. we bear farewell to home plate collision. they saw runners will no longer be able to knock over the catcher and try to jar the ball loose. as for catchers, no more blocking the plate. >> in motors, peugeot announced annual sales will be four percent lower and two years later than targeted. gm says it will sell its entire remaining stake in the company worth about $350 million. this says peugeot looking elsewhere for new alliances. bad news for the french but good news in detroit. the incoming gm ceo is the first woman to run a major automaker ever. she is also on the cover of this week's" bloomberg businessweek." she is up for the challenge. listen to what bob martin delhi had to say. -- bob nardelli had to say. >> she's got good focus but the challenge will be the

you look at earnings today compared to what they were in 2007, we are not active the price earning ratio we had pre- crisis. we are pricing stocks significantly less than we were at that time and we think there is considerable upside. we are overweight about six percent -- 6%. -- isbal trade in 2014 there going to be a rebound and where would you reduce exposure? >> this developing story of the developed markets is going to lead and will drive trade, the stocks you like in those situations are shipping companies, multinational companies and we like them very much. things to avoid, the consensus view is that all quality stocks are going to do well and defensive sectors will do well. that is a question. specific and we like the macro trades which will give you exposures to the market you can't get in typical mutual funds. of managedal head investments from citi private bank joining us. >> have a merry christmas. >> coming up, we will talk to two different angel investors about what trends they are seeing and where they are looking to invest next. and we will take the pulse of the small bus

this is very important. >> this ratio is emerging bonds versus u.s. treasuries.e ratio turns up, that means emerging bonds are outperforming treasuries. >> that is in the face of the taper. that is a massive change in tone happening now. as much as we're told taping is bad for emerging markets, emerging market debt seems quite the opposite. >> is this a function of the fact we are tapering so there will be less of a bid for longer dated paper here? or is it because there is a rebound happening in emerging markets? >> i think there is an element of confidence building. we have seen action taken in india. we have seen brazil raise rates. emerging market paper seems more stable than it did in may. ways, it is the ultimate contrarian trade. nobody thinks emerging markets will do well. a recent goldman report said they will continue to be volatile the next couple of years. to me, that is three years too late. now might be the time to bet on it for next year. >> play stocks or bonds? >> credit tends to lead equities. maybe it is time to play the lag asset class which i

in the u.s., the ratio is 12%. in germany it is between seven and eight.chnological platforms should target specific results. obtainment of patents and licenses. we must create a domestic demand. this is an important circumstance. for these purposes, investment programs must be used. we are talking about gigantic amounts of money. lately, activities have been fragmented and they are dealing with a multitude of projects that are not connected among themselves and are not based on innovation and not related to innovation. this is not what we built those institutions for. the projects may be good, but the institutions were not created for that. they were created to support an innovation-based economy. they have to be retargeted to achieve technological breakthrough. the economy needs to be cleansed of old and ineffective technologies and a modern system of technical and environmental regulations should be created and set up to operate flawlessly. it is a complex and sensitive issue for the economy. i believe the government, jointly with the business community

that is a profit to earnings ratio. the problem is their constituents are only growing earnings at less than 5%. i don't see that changing. one thing that people forget is that 50% of the earnings growth from '09 to today was due to a lower interest rate environment. that tailwind turned into a headwind. so i'm very curious to see how the markets will do next year. >> we'll pick up more on that at the earnings and the price of the market, as well. pedro sticks around. >>> gold has plunged. on cnbc.com, read analysis on gold price related to the scale back. it was more muted than you might have thought. the precious metal edged up, both inflation worries receded just a question of time before we see prices, particularly if the dollar continues to appreciate. once you've read that piece, give us what you think your call. let us know which direction gold will go in 2014. e-mail us, worldwide@cnbc.com. tweet @cnbcwex or direct to me @rosswestgate. pedro, your view on gold after this fall? what happens next year? >> i'm very

to average pay worker ratio was 20-1 back in the day, today 273-1.teve replies who cares, what your c.e.o. makes has no difference to address vaning your career. it's like twenties% owns 80% of the wealth. it's up to the american people to insist our legislatures do something about this problem. matthew says what purpose does an unfettered economy serve. >> when it comes to the unequal distribution of wealth, president obama calls income inequality the defining challenge of our time. >> since 1979, our economy has more than doubled in size, but most of that growth has flowed to a fortunate few. the top 10% no longer takes in one third of hour income, it now takes half whereas in the past, the average c.e.o. made 20 to 30 times the income of the having a worker, today he makes 273 times more. >> what's driving america's wealth and income gab and why does it matter? joining us to answer those questions and i guarantee you many more is policy analyst as r. street institute which supports free market and limited government. ronald is the director of the

. >> what's the ratio of men to women on the site? did you hit your panic button? did somebody walk in on this? >> she's alive. for example i was asked to work for a weapons tacktory, that would be outside of my line. but working for this service seeing the people we're heping, i'm fine with it. >> ali the dog takes herself for a walk. >> ding ding, in this corner you have blue hats, in this corner black hats. it's time for the hat race. i'm sure you're wondering, how does this hat race work? watch the video. >> are you noticing something? >> their heads are levitating. >> they have straws in their mouths with blastic bags on their heads. >> are they plastic bags for condoms? >> it's a straw placed in their mouth that's placed into a con dumb and that uses extra charge. >> that's scary! it is. >> and it looks like black hat was the winner. i got to think, though, he might have opinion at an advantage because the blue hat might be a heavier hat and it more constricting around the head of this dude. he might have been at an unfair advan

as for hard to get the pe ratio right here at our current guess is what matters for that ratio is what volatility. i think the biggest risk is they taper and then we get a soft patch in the u.s. economy next april or may and then suddenly you're saying where is the liquidity. there, but iks out am focused on why with the earnings estimates collapse right now. my view is until i get more cost and place it is going to be hard. >> that disconnect the between corporate health -- >> you know that old advertisement about trail and blather? >> i remember. >> you get can straight spending on capital hiring. going to be either complete efficacy in the policy or earnings will have a lot of volatility. >> there is that efficacy word. adam parker is with us as well. he will be with us through the entire hour. a lot to talk about in the equity markets. we will have full coverage of the two-day fed meeting, 2 p.m. in the afternoon. >> thetaper talk is just beginning. is heating up. we take a look at how real estate response. vulnerable is it? ♪ >> good morning come everybody. i'm tom keene. this is

. >> what is the ratio men to women. >> 30%, 35% women. >> somebody's wife shut him off.id you hit the panic button? >> morals is a line. if i was asked to work for a weapons company or cigarette company, that would be outside of working for this service, seeing the people we're helping, i'm fine with it. >>> travis pastrana. >> welcome to pastranaland. >> he's naked doing that off the hugest ramp. this is travis' house. this is part of a new web series called "pastranaland." his buddies gather at his house and they do crazy things. this is a foam pit where they practice the stunts. it's neat to see the extremes they go to. because they know they're going to land in a nice, soft foam pit. >> i don't care how big the foam pit is, if you land with the motorcycle on top of you, underneath you, even on your arm, it won't feel great. >> in episode two, trevor jacobs, one of travis' friends, tries to back flip anything. this kid nearly kills himself. >> oh. >> no! >> oh. >> look that. he gets out of shape real quick. the bike flying into the trees. notices that he's going towar

- with their folks >> if you look at the employment population ratio, it has come back down. recover into last year and the beginning of this year it interior eight. job opportunities are not robust . if you're are not confident about your income today, the key factor is that these households are not lost. i think they will ultimately come back. now, it has been a very slow path. >> come see us again soon. it has certainly been a busy week in washington, with major economic indications. first, the volcker rule became a reality, issuing in a new era of oversight for our country's biggest financial institutions. then last night, house and senate negotiators reached agreement on a budget deal in what democratic senator patty murray called an important step in helping to heal some of the ones in congress. is a top republican on the budget committee and also the head of wall street's largest lobbying group. welcome senator judd gregg back to the show. >> how are you? >> i'm good. let's talk a little bit about this budget deal. do you think it is enough? >> no, it's not enough, but

lou: given those ratios, no wonder they stonewall on some many fronts.xchange's between the officials at cms and the contractor, cg guy, sure the administration, as i just shed -- said, the small business exchange, they just knew it s not going to be ready, yet they, as you suggest, refused to let anybody know until effectively the last minute. >> the good news, at least, the small business exchange can be delayed. they delayed it in a way that will not disrupt as much the insurance market for people who work for small businesses. the problem is, they should have done the same thing f for the individual market exchange because that exchanges not been ready either. they delayed that for a year, we would not be seeing a massive disruption like we are today. lou: and the idea that this administration isatching the number of signups. i will not call them and or insurance signups, but let's just call them signups. for medicaidd outpacing goes for obamacare, aidiculous rate, inverted the ratio they sought and then some. we are looking at the prospect, accordin

beyond that, we are looking at a leveraged ratios that we expect to complete fairly soon. the posbility of having debt required at the holding company to assist in a resolution. we are looking at capital for -- to backstop firms that rely heavilyt-term wholesale funding. a much stronger capital oriented drive at this point to strengthen our financial -- that is just one dimension, there is liquidity in other aspects. is not up to me to say if these are tough enough or not. you and other observers who are writing about this and thinking about this will have your opinions, but what i would say about that is we are not done, we have some important rules to complete although all of lamar well advanced and as we get these rules done they won't be more advanced. parrot we will be working on this for some time. >> first of all, thank you for holding these news conferences and i hope you will encourage your successor to have even more of them. one thing you will miss is traveling to capitol hill to testify. one thing happening next year according to the house financial services co

another is the easy 5% medical loss ratios in ensurin ratio su% from every dollar.as a consumer dollar were government dollar. once again the star rating program and the out-of-pocket maximum driving has provided an important financial protection to folks within a medicare advantage plan into the store ratings have made it easier for the consumers to choose among the plans they do have many choices in the market and the problem we frequently see his folks not being able to choose among the plans that has helped. >> it actually refusing to quit taking the general medicare because they want to bother patienttheirpatients to go in. >> what would you have to further improvement of care advantage? >> once again, we are very supportive of some of the things that have come out of medicare advantage. we want to make sure that there are meaningful choices in the plans, so really standardizing in the sense that that is appropriate and possible. we would love to have more data on the appeals to see where there might be problems in a particular plan. we would like to make sure

price to earnings ratio 26, and again, as i mentioned, lumber falling about 2.25%, and the housing marketed but not necessarily vaulting. >> so this is a name off of its highs that came onto our radar screen this summer when interest rates started to go up a little bit, and all the -- liz: largest timber company in the u.s.. >> yeah. largest timber owner in the u.s. and timber company. so with that coming down with, you know,d stocks this summer gave an opportunity to buy a company that actually as the economy does better, today do better. housing usually picks up when the economy does better, so we thought it was kind of thrown out its valuation based on the timber. you've got beetle kill up in canada which has increased their opportunities to sell overseas, and we think over time raises the price of lumber. liz: okay, so it's down today, that might be a buy. you also like howard hughes corporation. this is, of course, a company that's very big into, for example, landownership. >> yeah. liz: huge in vegas, by the way, for people that don't know. it's had a beautiful runup. why buy now? >

service was suspended in july after ten freight cars derailed the ratios have cast their ballots in a referendum on whether to outlaw same marriage. the proposal would amend the country's constitution to define marriage as the union between man and woman. like all good though after a conservative group gathered more than seven hundred thousand signatures. clay says the overwhelmingly catholic and the church fully backs the referendum. no camp accusing their opponents and anti gay discrimination health experts are warning against complacency as the united nations marked world aids day. they say despite falling infection rates aids hiv remains a major global problem the alliance of more than four thousand people every day. according to the un around thirty five million people are infected with hiv virus worldwide. the problem is still a cute on the african continent especially in south africa and botswana. in asia thailand has the highest infection rate while in europe ukraine is the worst affected country but our next story takes us to rock out for those infected with hiv can face a ve

the current student to guidance councilor ratio in american schools is 480 students per guidance councilor. which means if you're a first generation college student, your parents probably don't have much guidance, and you don't have a guidance councilor, so i think that a big part to solve the student loan crisis is to get kids to understand, nyu, fordham, these schools are not worth it. >>> on twitter: on facebook: she sound like all south asian parents asking that question. would you say that with all of stats we have been discussing today that a college degree is still valuable? >> yes, it is. i think we're missing the point of a college education. it's not just to get a better job. it's a civic good, and we're a safer society when we're an educated society. and college is more than just the job. but i agree, you need fiscal responsibility when you're teaching college. we don't teach responsibility and the right councilors to help you get into the right field. but i still inherently believe that college is worth it. and i think that the overhyped degrees, we need to look at the for prof

it's to implement the f u d and the los angeles administrative code to affordable housing of a ratio of less than one to one. in 19899 the board of supervisors approved an ordinance to race the bulk limit on the property. this project didn't move forward and they've extraordinary. the resolution ordinance includes language to delete the f u d and change the height back. with regard this is for a certificate of determination. on december 18th the department issued a new certify to clarify the project description and as part of this the commission more than that the certificate into the case documents. today's action on this frontage include approval of the use authorization and approval of intent to recommend that the board of supervisors pass this and make modifications to the planning code. thank you if you have any questions, we'll be happy to answer them >> thank you. opening it up for public comment - project sponsor my ielgdz. i'm tim dunn. >> as many of you know mercy housing is a nonprofit developer and owner of affordable housing in san francisco. we have about 32 buildings i