bob rubin, what do you assess to be the probably right now that the u.s.er the fiscal cliff? >> that's a complicated question, steve. i think that starting in the fall, there is probably -- my guess would be there's a relatively high likelyhood that you have increased uncertainty. i think the lame duck will be a period of engagement, but not a period of legislation. i think it will be deferred by about two months to give the parties and those involved more time to work on this. my guess would be is there are three possibilities. one is the although possibility, how you get there is another question. another is that it gets kicked down the road and we remain in a extremely dangerous fiscal position. another possibility is that we will come to the end of whatever this period may be, taxes will go up, the adverse economic impact will hit. i don't think that can last very long, steve. i think it's far too dangerous of a position to be in. and then the third possibility, and the conditions are likely for it. with all of the pressures that exist in a post electi

rubin. >> the building has not been expanded at all. the staircase is the only issue, and that is the issue before you. all of it was signed off by both. scott sanchez suspended a permit to give himself the time to investigate. he lifted it was properly done. thank you for lifting this. goo>> can you explain how many permits there are? >> not off the top of my head. >> there were two permanent taken at the same time in july of last year, and one was for the voluntary seismic of grain. they originally started out wanting to do kitchens and baths.

but another thing we said, and bob rubin and i said the same thing, it's impossible to know when themarket will turn. but when it does, it will do to with a vengeance. >> in a way we're distracted by this fiscal cliff. the prize is growth, and the issue is competitiveness when we talk about the long-term prospects of america. >> maria, the point that i made is that if you look at our current economic problems, there's probably three reasons for it. first of all, obviously, we had the great recession, this huge deleveraging going on. that will come back over time. secondly there's an uncertainty around the government's ability or willingness to act on the fiscal cliff. thirdly, we have a competitiveness issue. and the way i define competitiveness is this. can u.s. businesses compete with those around the world and have our standard of living go up? we're not competitive if our standard of living is going down. we're debating the wrong things. what should we do with high income earner es. no one is debating the fact that we need a totally new tax system to give us the revenues we need

steve rubin has what you can expect in your area. >> we have been tracking these thunderstorms in the belfort furniture weather center all afternoon. we had a severe thunderstorm watch in effect for the metro area until 10:00. all of the areas shaded in pink -- take a look at our doppler radar. this is our live super doppler radar. we are moving through prince william county, fairfax county, toward the east just around 20 miles per hour. another sali is towards the east of us. it will move into annapolis. this is a severe thunderstorm warning in the fact until 6:30 this evening. this will have the potential to -- potential to great gusts of up to 60 miles per hour. the good news is that it is moving at a good clip. they are scattered at this point. showers for come to an end or will diminish after sunset. that is around 8:30 this evening. our temperatures will hold in the 80's. a bit of dry air on the way. a full look at the forecast is coming up in a few minutes. >> now to a developing story. an employer of an arlington -- employee of an arlington to restore is dead. the body of the

and the panel with robert rubin and hank paulson.antime, brian shactman has more news. >> a lot of people ask me why is ibm up when revenues were light. revenues were down in almost every segment. they weren't down as much as some experts had expected, but full year eps guidance above estimates, margin expansion, $3.7 billion in buy backs part of the optimism. the pattern has been big on ips and light on revenue. yum brands were the opposite. the key everyone looks at is a proxy for china. they're down 1.5%. >> worked against them in that case. thank you, brian, earlier today, mandy, maria sat down with some of the best minds in the world for the best ideas of where to put your money now. >> absolutely this is what they had to say. >> the best house in the financial asset neighborhood, but it's not clear if it's a good neighborhood or bad neighborhood. >> would you sell apple right here? >> no, i do not recommend things that have gone up 50 or 100%. i think apple is a superb company with several years of superior growth head of them.

take to remove c sound schools twice a day of superstar does two time for much champions rubin two one in the russian premier league. american dream act with previous campaigns the track and field sports speaks of their medal hopes head of the london games. and fly team to all the tully klitschko reveals he's seen r.t. as the head wakes up the pace for his next school in september. first where rubin had been stunned in the premier league season opener is that two time former champions lost two one in cross. went into the match on the back of a confident victory over isn't it in the russian super power earlier this month but they found themselves trading just before the break if you remove the sunglasses from the edge of the box and the striker negatives race as he converted a penalty fifteen minutes into the second half debra's not have pulled one goal back for again just minutes later so from the sport that they couldn't find the equaliser. for the two one victory although we did make some mistakes which resulted in us conceded those two girls and it took quite enough for to get back

joining subcommittee one of our favorite guests, andrew rubin from the nyu medical center. oversees 1,400 doctors and a budget of $800 million. good to see you in person. >> good to be near person. >> you just -- you hear about these outrageous prices and here that at that particular hospital four cents on every dollar is in fact collected. so outrageous prices but outrageous collections, as well. what happens to the money here? >> you have to understand the cost is an artifact of what's happened in health care the past 2 20,30 years. hospitals get paid under contract and negotiate with insurance companies. it's a bit of a game honestly. we want to inflate our charges that when we negotiate with the insurance companies we get the best reimbursement. so the costs, you know, the charges are no longer necessarily relevant to what the actual costs r. a secret is most hospitals know what their cost are. we try and make it all balance out in the end. >> yeah. i mean, four cents on the dollar, wouldn't be surprising if something is 25 times the price. let's say someone has a hospi

let's get going now with the football where rubin is an have claimed the first trophy of the russian football season the russian cup winners downing reigning premier league champions in eat is a first half drive through silva told the big charity. do knocking the stuffing out of them eat a deficit which these in petersburg side never really looked like breaching so to know was the final score the game was preceded by a minute's silence for the hundred seventy one people who died in floods in southern russia last weekend. now in athletics there have been a few upsets at the diamond league meeting in london with some favorites for the upcoming olympics struggling in the foul weather shelley and fraser price is the fastest woman in the world be fewer over one hundred metres she came last in saturday's final which was won by blessing body of nigeria and eleven point zero one seconds while destroying world champion sally pearson was the favorite for the hundred meter hurdles but she was beaten by american kelly wells americans came after the comma left a jet it was however better news for

in other news the rubin kazan have claimed the first trophy of the russian football season the russian cup winners downing reigning premier league champions and even some are staff strikes in salvador the chatty valley may day do knocking the stuffing out of the need to know the final score of the game was preceded by a minute's silence for the hundred seventy one people who died in floods in southern russia last weekend. to athletics and there have been upsets at the diamond league meeting in london with some favorites for the upcoming olympics struggling in the cold wet weather shelley and fraser price is the fastest woman in the world this year over one hundred metres but she came last in saturday's final which was won by blessing body of nigeria eleven point zero one seconds america's comedy hit yet it was third while a striding world champion sally pearson was the favorite for the hundred meter hurdles but she was beaten by american kelly wells here however better news for the women's reigning four hundred meter a limb pick champion christina who she powered past world champion he

finally, he and his friend robert rubin drove a stake through glass-steagall. it was dead and gone. then he began a massive empire known as travelers group, which the merged with citigroup. he was a beneficiary of the elimination of glass-steagall. >> use it at rob rubin, who was treasury secretary, went back after that. was it a $100 million job? >> $115 million over time, being an eminence grise at the board who did not have to do much but certainly made a lot of money. >> robert rubin is a democrat. alan greenspan is a republican, or something on the other side, right of center. is this a political matter? >> this is, again, across the aisle. home ownership was push that really involves both democrats and republicans, private-sector and public-sector. it was a push that asked regulators to team up with the regulated entities, which was highly unusual. so it was all-in. to push home -- home ownership to -- clinton wanted it to be 70% in the year 2000. he did not get quite there, they got to 69.7%. >> i remember hearing president bush brag about the 69%. >> bush also carry the stan

jennifer rubin. and soon to be democratic strategist jimmy williams. i think he's already a democratic strategist. also this evening the dow closes up 188 points. that's right. it's over the 13,000 mark. it's up three points in the last three days alone. brian shactman tell us what's cooking? >> positive until the 1:00 p.m. eastern time. that's when headlines crossed about ecb president mario draghi building a consensus for more action to ease the crisis. you see that rip to the upside. factor in the green today with a mixture and defensives up on top. health care and tech and industrials. energy up 1.5%. last sector in the red for the year. it's now positive. all s&p sectors in the green for the year. back to you. >> now, make no mistake about it, any fed stimulus that gets ejected into our economy will be short-lived and probably counter productive. i know this european stimulus thing but they are different than we are. we've already done what they are going to try. anyway, folks, the main point tonight this election is critical to the future of this

one of the people who was instrumental in getting that done was robert rubin winston the secretary of treasury and what you were charge from the treasury department you became vice chairman of citigroup you know at citi group he made over a hundred million dollars to keep beating up the financial crisis so. he also just point that out. for to was asked does warren ever get to take a night off that's dedication for a governor a's no not really i don't get a lot of time off and yes please on the race thanks for suggesting that on that note it would be a good time to leave you there's more i want to get to but what to save it for another time because that is all the time for today thank you so much for watching make sure to come back tomorrow and in the meantime you know you can follow me on twitter at lauren lyster and you can give it feedback on the show catch any you missed and you should definitely subscribe at youtube dot com slash capital account you can also watch our show in h.d. on kulu at hulu dot com slash capital dash account catch our show tomorrow we have a new guest peter

in vacaville, ann rubin ktvu channel 2 news. >> the red cross says its blood supply is at its lowestevel. they blame the shortage on the heat and storms and that combined with the usual summer slow down in donations has caused the blood supply to drop to emergency levels of the red cross officials say in fact, at some point surgeons may have to cancel elective operation. >>> groups came together to help clean up some neighborhood organizations including the old oakland neighbors, parishioners from the first urinetarian andellia baker center for human rights. we caught up with some of them at l.a. square park. organizers say one reason for today's clean-up is that the city has little money to do it. >> we come in and do what the city is not able do. and what no individual is able to do, but coming togethers a group, we can get a lot down. >> it's the second year for the clean-up called throw down for the town. they gathered at 19th and harrison near lake merritt for a community concert. a new smartphone has helped samsung climb to the top of the heap when it comes to mobile phone sale

jennifer rubin who writes for "washington post" and a cnbc contributor, and clarence page, columnist for "the chicago tribun tribune". you're obviously sympathetic to the romney case. what about reports about his finances and business record is unfair? >> i think there is a noxious cycle that the media is not being very honest about. much of the information from these stories coming from the obama campaign. sometimes incorrectly, sometimes sp spottily which leads to stories. the obama campaign uses it for fodder, for ads on the air, talking points. the media then reports there. there's this symbiotic relationship developing that is not fair, that is not transparent, and that is not honest. >> on that point, clarence page, stephanie cutter, the campaign manager said on "face the nation" when asked about all of these allegations, it's not the obama campaign making allegations, it's independent reports in the press. what about jennifer described as a symbiotic relationship? >> well, if there really was a relationship such that the media are being stenographers, taken dictation from the

ktvu's ann rubin is live with what the park is doing for the riders and when superman may reopen. >> reporter: crews were inspecting the structure and while they say it looks fine they won't be reopening the ride till they understand what went wrong. >> reporter: they have tested the tracks and surveys the structure of the superman ride, officials at six flags discovery kingdom concluded one thing. >> we determined that the situation was not mechanical. >> reporter: now they are running for tests looking for programming tests. >> that god that we weren't upside down. >> reporter: riders got more excitement than they bargained for when superman got stuck. >> somebody climbed up and told us to rock back and forth. i don't think that was working. >> reporter: crews with six flags discovery kingdom brought the riders water and sun block but then they rolled the car down. >> it did what it should do in terms of the safety system. >> reporter: if anything the system may have worked too well, they will do one more test running the ride empty and then superman could reopen tomorrow. >> i mig

ktvu's ann rubin talked with family and strangers determined to find a match and she explains why itill not be easy. >> reporter: she goes by sea rod, and she likes to win. she thought she beat leukemia till a few months ago. >> we thought it went away but unfortunately she had a relapse. >> reporter: she needs a bone marrow transplant to survive and her chances of finding a donor are slim. >> the community, we have lower survival rates because there is not enough of us. >> reporter: so the family is trying to change that with help from the oakland police department and the mayor. setting up bone marrow drives. >> i say why not to help to give life to somebody who is just starting living. >> reporter: matches can be found, she is living proof of it. the family shouldn't give up hope. >> i am here. >> reporter: dozens lined up, the family hopes one can help her beat leukemia this time for good. >> she makes you laugh. so, you know, i -- i just -- that is how i want to see her again. >> reporter: time is a factor. the family is trying to plan another drive as quickly as possible. they

chief administrator with judicial experience the judge began his new job in october here replaces rubin veteran who retired last year. >>> we want justice for what happened >>> on there vowing never to forget one week after a deadly officer involved shooting protest leads to extra security near disneyland at all ready to make a splash but not with a new gadget hear about the attack co. apple wants to invest in. >>> a mild weekend under way. changes are in store by mid- week. will do weather in a few changes are in store by mid- week. will do weather in a few minutes. more victims of the colorado theater massacre. jessica gallate was remembered with tears and laughter in her hometown of san antonio del oyster by the deadly shooting in toronto last month but was one of 12 people killed when the suspect open fire in aurora. >>> let's not focus on and it is about the victims let's 2 if we can to remember them and share their stories >>> in ohio another funeral for matt mcquinn he died protecting his girlfriend there have been services for seven of the victims and more to come. one week ago

searchers got ryan, rubin reyes recognize the danger. even when faced with serious bodily injury or death, these officers remain steadfast and determined to protect not only themselves and one another, but the public at large from the disregard of the fleeing fugitive. sir john ryan, officer lou andrelieu and reyes , when confd with a violent situation, they responded with no were the bravery and poise. they were fully responsible to the danger, but to the rapidly- devolving life-threatening circumstances that unfolded as a result of them trying to apprehend him. based upon this information, i have no choice but to put the men for a medal of valor. to " c.s. lewis, coverage is not simply one of the virtues, but the form of every virtue of the testing point, something these officers were tested with. to our command staff, ladies and gentlemen, i present to you the recipients of the silver medal of valor, sergeant scott ryan, and officer reuben reyes. [applause] offic>> we are at the part of te ceremony now where we will present the gold m

. >> reporter: david rubin has severe sleep apnea and needs power for his machine. >> after one flight of power outage, i'm on my own. >> please step. please look at what they're doing, what they've done and haven't done and prescribe what needs to happen. >> reporter: in howard county, don harrison, abc2 news. >> tonight's meeting will take place at the george howard building. >> well, in your money tonight, home values are rising for the first time in five years. so does that mean the worst is over. abc2 has the latest. >> reporter: home values took a hit but the worst may be over. it may be a small increase but this is the first positive move in five years. zillow, the real estate website said home numbers seemed to have hit bottom. the growth isn't spread equally across the country and most of the city surveyed by zillow, the prices have dropped. the biggest was in chicago. the average home lost 6% of its value. there are big gains skewing the number higher. home prices in phoenix have again 12%. in miami prices are up more than 6% but these are cities hit hardest by the housing cr

joining us is a congressional correspondent for the national journal and richard rubin. >> president obama made his case for extending almost all of the tax cuts that are scheduled to expire. republicans agree that we should extend it for '90s term of the people. he said let's do what we agree on and fight about what we disagree on. what is wrong? >> it gives far more uncertainty. we have a struggling economy. we are three years after the recession ended. we have the worst recovery since world war ii. this will create more uncertainty. it's just not solve the problem. it is not solve the economic problem. it will not be good to fight over this. it is not serious about deficit reduction. spending levels we could double this. washington would still be running a deficit. they signed this into law tax increases already. not a dime went to deficit reduction. we ought to agree on extending these cuts or at least topping the tax increases and making a serious commitment on fundamental tax reform next year so we can discuss not only how to do the tax code but how we sustain our entitlements

richard rubin has the first question. >> president obama made his case for extending the tax cuts scheduled to expire at the end of the year. republicans agree we should extend the tax cuts for 98% of people. you want 100. let's do what we agree on and fight about what we disagree on later. what is wrong with that approach? >> it creates far more uncertainty for the economy. we have a struggling economy. here we are three years after recession, and we have the worst recovered, 10-10 since world war ii. this will create more uncertainty. secondly, it does the solve the problem. i guess that is the key point. it will not be good for the economy to fight over this. secondly, it is not serious about deficit reduction. but the spending levels we can double everywhere these taxes. so i really think we ought to agree on extending these cuts or at least stopping the tax increases and making a serious commitment, a guaranteed upper down vote on a fundamental task of reform next year so we can discuss not only how we have a or corporate tax code, how do we sustain our entitlements. how do we get heal

rubin ramirez reports. >> bank tellers taking deposits, , customers meeting with loan officers. any bank in any town in the united states. this is eagle bank in a suburb of washington, d.c. most of its customers are local business owners. 40% of loans are made by community and regional banks, even though the smaller banks make up just seven percent of the indust. the nkas bee taking market share from larger banks in the small business segment because he says eagle has continueed to lend through the downturn. >> we have deep roots. >> some of their business also comes from retail customers, traditional home equity loans, and car loans. those are the areas affecd by dodd-frank financial reform, and the corn suerm financial protection bureau that came out oft. it's just a small part of their business, but eagle says compliance has been an expense. they've had to double the size of their compliance and accounting department. >> i'm not going to editorialize. but other than adding people to work for you, it's not helping jock creation. >> >> eagle has come out of the financial ciegz

by the way, i have rubin and paulson coming up and -- >> i want them.-- i'm in the room for that one. i mean where they disagree and agree and have to say given i think there's not that many -- could be no holds barred if they chose to. >> i tell you my thinking on this and pulled the panel together is free fly fishing trips with both. no, no, no. the reason why is i think so much debate at the extreme edges. right? i i see them as two guys close to the center on different sides of aisle and thinking is there something out there we're missing? is there some proposal, is there some idea, for example, avoiding the fiscal cliff, dealing with the deficit, getting the economy on track that guys can agree on and then start out -- i think similar to that. >> don't give away the best question because if there's one thing to expect they might walk away holding hands on it would be what? >> might be raising revenues. and i don't know -- >> coming at it from two different ways. paulson >> but you're coming from it two different way, paulson is okay for raising rev

he made his way working for robert rubin at the famed desk.g his own empire, perry corporation, and quietly going along with this, he's known for keeping his investment thoughts out of the public eye. that is, until now. richard, thank you for joining us this morning. we've looked forward to this sbeer have you for a long time. you spent a lot of time in europe recently. your aassessment is different from what we heard from ben bernanke yesterday and what we heard from bruce richards who talked about how he thinks when it comes to distressed debts the best prices are still to come in europe. what do you think? >> i think a lot of people that haven't spent a lot of time interviewing and talking to people that run his countries and different regulatory bodies have a view of europe, which is based on the fact that they made a lot of promises about greece and didn't deliver. and that angela merkel and then the rest of the euro zone ended up changing its mind with regard to greek policy and bringing private-paying to couple the public-paying. i thi

jamie rubin, thank you as always. >>> after the break, activism via mouse and keyboard.t influential people will be here to discuss the digital revolution 2.0. that's next. people have doubts about taking aspirin for pain. but they haven't experienced extra strength bayer advanced aspirin. in fact, in a recent survey, 95% of people who tried it agreed that it relieved their headache fast. visit fastreliefchallenge.com today for a special trial offer. ...more talk on social security... ...but washington isn't talking to the american people. [ female announcer ] when it comes to the future of medicare and social security, you've earned the right to know. ♪ ...so what does it mean for you and your family? [ female announcer ] you've earned the facts. ♪ washington may not like straight talk, but i do. [ female announcer ] and you've earned a say. get the facts and make your voice heard on medicare and social security at earnedasay.org. >>> more than 320,000 people have signed a petition to protest the boy scout's ban on gay members. nearly 40,000 petitioned to remove jpmorga