the irregularly shaped surfaces of sea cliffs and coral reefs reflect a minimal amount of wave energyhe scripps scientists decided to incorporate nature's energy-absorbing design into their sea wall. so far, this wall has been a success. the property has been protected from further erosion without destroying the beach at the wall's base. but while jenkins is committed to building the most effective sea walls he can, he recognizes that they are only a short-term solution, and he is sensitive to the arguments of those who oppose attempts to redirect or in any way modify natural processes along the coast. there's a wide variety of environmental groups, and there's a wide range of government officials and university professors who oppose construction and structural intervention on the shoreline, and the reason is philosophical-- that we want to preserve the shoreline in its natural state. those who are going to lose property if erosion continues also have a concern, and those are the people who, of course, are going to favor these structures. and my personal belief is we should adopt the

that is chosen because it's surrounded by the ocean and some of the tallest sea cliffs in the world, effectively cutting off escape. mothers, fathers and children who contracted the disease were taken from their families and sent to the peninsula where medical care almost nonexistent. father damien, who ultimately contracted and died from the disease, is recognized throughout the world to improve the disease the conditions at the peninsula. mother mary ann expanded on his work. this legislation honors her for her compassion, care and recognizes her example of what it truly means to dedicate one's life in service to others. one does not need to be catholic to be humbled and inspired by someone who devoted herself selflessly to those who almost everyone else shunned and rejected. she immigrated to this country from germany as a young girl. she and her family settled in utica, new york. at the age of 24 she entered the religious life as a catholic nun and commenced a life dedicated to children, education and the sick. she later focused her efforts on health care and was influential in e

i will talk to two former top presidential advisers and sea if they think we can avoid the fiscal cliff. how to stay safe and find the right sectors in the mark and jamie dienl of jpmorgan chase. regulation, policy and too big to fail. the "wall street journal report" begins right now. >> here's a look at what is making news as we head to a new week on wall street. if if toward thought they would get a bounce after the election, they thought wrong. president obama's second term victory was greeted with stocks worst day of the year. the dow fell 300 points on wednesday and triple-digits on thursday and and the markets were mixed on friday. bond rating agency moody's reiterated the possibility of a downgrade if america goes over the fiscal cliff but said it would wa wait after budget negotiations. a downgrade will make it more expensive for the united states to borrow money. >>> superstorm sandy would provide an economic boost to the auto industry. 250,000 new and used cars may have been ruined by sandy. a loss that could eventually lead to a spike in auto sales. overall consumer borrowin

sea. >>> now, litz listen to, this fiscal cliff or no fiscal cliff, your taxes will probably go up anyway. it's all because of obama. >> the economy, slam investors and triple capitalism. say no to nationalized health care system, no to blanket tax increases and that means let low. [ male announcer ] this december, remember -- what starts with adding a friend... ♪ ♪ ...could end with adding a close friend. ♪ the lexus december to remember sales event is on, offering some of our best values of the year. this is the pursuit of perfection. bp has paid overthe people of bp twenty-threeitment to the gulf. billion dollars to help those affected and to cover cleanup costs. today, the beaches and gulf are open, and many areas are reporting their best tourism seasons in years. and bp's also committed to america. we support nearly 250,000 jobs and invest more here than anywhere else. we're working to fuel america for generations to come. our commitment has never been stronger. with scottrader streaming quotes, any way you want. fully customize it for your trading process -- from thought to trade, o

cliff. professor, seems to me there's been a sea change. we're discussing how much we should raise in revenue rather than shouldn't revenue be raised. isn't this a good indicator of politics working for this nation? >> we're moving in the right direction because the democrats are holding most of the trump cards. if nothing is done, remember we go back to the clinton tax rates of the 1990s which were not all that bad. in fact, the economy did quite well under those tax rates. if nothing is done, basically the republicans lose. and if the republicans try to make a case that they are not going to vote for an extension of middle class tax cuts unless the rich also get a tax cut that, puts the republicans in the position of showing america that they are going to hold the middle class hostage and they are shields for the very rich. that kind of a demonstration is not going to be good for the g.o.p. so the democrats are holding a lot of the cards. the question is will the democrats actually hold firm. >> eliot: i think that's exactly right. this w

sea. >> now stories you can bank on this morning. president obama talking about how he thinks we can avoid a fiscal cliff. listen to this. >> foundation for a deal that helps the econ pee creates jobs gives consumers certainty gives business confidence they are going to have consumers during the holiday season is if we right away say 98 percent of americans are not going to see the taxes going. if we remove that less than a week as investors worry deals may not be reached in time. they are also concerned about the tax hikes. markets hitting a four-month low. >> businesses and investors obviously disagreeing with what the president said. it's the fear of the cliff with a major selloff. dow down 185 points. do you have any of your holdings? since the election about a week ago the dow is down 5 percent. it is in jeopardy of giving up the gains for the year. the dow jones transportation average already did that. that index is key it takes the shippers the airlines railroads delivering goods for us to buy. the tech heavy index the nasdaq that is officially in a correction with huge stocks apple, google up more

sea food differently. and introducing 7 lunch choices for just $7.99. salads, sandwiches, and more. >> jennifer: as we crawl toward the fiscal cliff remember that presidentity of the american electorate on his side. he has the majority of the u.s. senate on his side too. but the one place he does not have the majority is the house of representatives, of course, where republicans out number democrats. that's the only place republicans have any leverage. so what will the democrats there do to help the president out? minority leader nancy pelosi offered insight to have at meeting with second of treasury quite miles an hour. ry geithner. >> there are tough choices it isn't easy but it's necessary, i have confidence that my republican colleagues will see the light. and at least pass a new tax cut so we have that legal of confidence and we can go from there. >> jennifer: sound like she is saying the republicans might not be tough enough to do the right thing. sound like she's got the president's back. now, to take us inside the house democrat i can caucus we are turn to go a great reliable source house democrat maryland congresswoman donna edwards joins us fro

sea as little as five hundred dollars. unpunished. you. still. want to. welcome back to crossfire thank you to both remind you we're talking about the looming fiscal cliff. and. steve. ok mark and i to go back to you in washington you want to jump in right before we went to the break go ahead but i want to talk about the bush tax cut ok go ahead mark first if i can put on my condiments hat for a second here it's pretty clear what we need to do to help the american economy we don't want the fiscal cliff because in the short term we're coming out of a deep recession consumer confidence is the highest it's been since two thousand and seven i actually think housing is making a turnaround corporations are very large profits wall street is up this is the time to come out so now is not the time to cut back to do spending cuts or do tax increases i strongly agree though that in the long term we need all of that so what you need is a short term deal that protects us in the short term but definitely does deficit reduction the long term that's the economists perspective the political perspective is where the cuts come from and that's where democrats republicans dis

sea? maiming and killing dolphins? the hunt is on in the gulf coast. up next, could our fiscal cliffndoff lead to another downgrade in the nation's credit rating. what we should be aware of, up next. [ sniffs ] [ sneezes ] [ sniffles ] [ female announcer ] for everything your face has to face. face it with puffs facial tissues. puffs has air-fluffed pillows for 40% more cushiony thickness. face every day with puffs softness. bp has paid overthe people of bp twenty-threeitment to the gulf. billion dollars face every day to help those affected and to cover cleanup costs. today, the beaches and gulf are open, and many areas are reporting their best tourism seasons in years. and bp's also committed to america. we support nearly 250,000 jobs and invest more here than anywhere else. we're working to fuel america for generations to come. our commitment has never been stronger. >>> here's a quick look at top stories making news right now. divers found body believed to be one of the missing crew members working on an oil platform that exploded friday. they're still searching the gulf of mexic

fiscal cliff and the other result problems in the eurozone the nasdaq has managed to bounce back over the past couple of hours though over in europe stocks finished monday's session lower the foot sea and the dax slipped half percent and a quarter percent respectively. here in russia equities trade in sympathy with the global markets finishing the day with one percent losses for both the my sex and the r.t.s. and all the currency market the russian ruble finished the day mixed against both the euro and the dollar and the euro continues to push higher to the greenback. the four year dispute at russia's mining giant. may be coming to an end a major shareholder on aids or pasta is urging his fellow billionaire remove age to buy a seven percent stake in the company which is the world's a largest nickel producer for q billion dollars if the deal goes through it will help resolve their boss because a long running feud with another partner of argument pattani and over strategic issues. would then act as a buffer between. sources close to the talks say they'll be another twist in the story in may replace. as the company's c.e.o. . a record two hundred forty seven million bargain crazed sho

it's a sea of red for asia following wall street's drop as investors shift their focus to the looming fiscal cliff and lingering concerns about europe. while a lot of focus is on the communist party in beijing, the com positive the had its worst day in nearly two minutes. hang seng suffered its worse daily loss in 3 1/2 months and we saw a broad based selloff in commodity lays, industrials and financials. nikkei slipped 1.5% to more than half month low. the yen strength took a toll on automakers and other exporters. citizen tanked 8% after cutting it full year outlook. down beat september orders added to pessimism. elsewhere, south korean banks, steel makers and ship builders weighed on the kospi. australian fell the most despite a stable jobless rate. miners led the declines. sensex now lower by a quarter of a percent. back to you. >> thanks very much for that. we'll check back in with you in a little bit. >>> up next, mar ydraghi as war markets the slowdowns has reached germany. so what prospect is there of a rate cut? we'll be live outside the central bank next. [ female announcer ] the next ge

cliff. do you think we will go over it, or are you confident they will deal with the other side before we get there? >> there is a lot to sea, but i think there is every reason to believe this is a solvable problem. it is true we have a lot of challenges with the country. but there is a lot of support for trying to do things that will help make the economy stronger in the short term. universal support for extending the middle-class tax cuts -- that remove much of the greatest risk of the fiscal cliff. there's a lot of support for finding bipartisan consensus on other things that would make the economy stronger, like a set of amendments -- commitments to finance higher levels of infrastructure and education. there is bipartisan support for that. there is bipartisan support for doing the obvious things -- you have to pass an extension of the business expenditures, things that are important to do. there is a lot of support for trying to make some real progress on long-term fiscal challenges. a lot of benefit in doing that for the economy. i think this is a solvable problem and we want to do as much as we can to take advantage

cliff. >> a new report of the death of usama bin laden reveals shadowy details of the at-sea burial of theted terrorist. a cloud hanging over excited shoppers on black friday as workers at the nation's largest retailer get ready for a possible walkout on the busiest shopping day of the year. heather: we can see groups of walmart employees demanding higher pay and better benefits and urging employees to walk out if the demand are not met. with the national labor relations board holding off on a ruling until after thanksgiving, it looks like thousands of shoppers could see serious disruptions. james rosen live for us in our d.c. bureau. >> reporter: heather and rick, happy thanksgiving to you it's an unusual situation when walmart seeks protection from the national labor relations board. that agency was only handed this case last friday. federal investigators have been deposing witnesses and reviewing documents in advance of a ruling on whether the picketing tomorrow at walmart stores should go forward or not. actions again walmart began in october with an apparent collaboration with the uni

sea levels. financial question, will the carbon tax fix the problem and the big story is president obama going on the road to sell is newly unveiled a plan to look at the fiscal cliffat plan, higher taxes, new spending, no debt limit, no entitlement reform. personally i am calling it a disaster. we are on it. not much change for stock prices around the 13,000 level up 13 points. elizabeth macdonald is here, gerri willis is here and lauren simonetti on the floor of the stock exchange. they are offering a special dividend trying to avoid next year's factors. nicole: it is up nicely. the potential tax hikes next year, and they are issuing a special tax dividend payable december 21st of $2 a share, stock is up 4%. stuart: we have a 175 or more, it is 175. issuing billions and billions before the end of the year. i'm calling that tax revolts. thank you very much, dan industrials up 12, back to the big story. president obama sends treasury secretary tim geithner to capitol hill, presented an offer to republicans. he knew there was no way republicans could accept it. here it is,$.6 trillion in tax increases spread over ten years, $50 billion in new stimulus infrastructure

cliff and here's the quote. there's a new day dawning on the democratic side as well where even that party's members say entitlements are off the table. a seaking there. how far are democrats willing to compromise on entitlements? >> well, they seem to be very nervous about raising the retirement age but i think that's even less of a problem. first of all, it is gradually going up in those raises an age where it was put in place by previous presidents. secondly, if you have obama care in place, people don't have to worry about being cut out of health care because health care insurance will now be universal and will continue at whatever age you are. so i think there's more maneuvering there as well and they visited 100 congressional offices, 90 democrats and they did hear the ice cracking up with the republican, no new taxes pledged. and if you don't restrain entitlement spending, it eats up all of the money that you want to spend on education, infrastructure, or the big problems that we have done in this country, like sending the money to the moon or building a highway system. we want to have the ability to have that kind of money to invest

sea food differently. and introducing 7 lunch choices for just $7.99. >>> homeowners should be paying attention to the looming fiscal cliff to kick in january 1st unless congress and the white house reach a deal to cut the debt. it turns out some real estate transactions may be particularly hard hit. cnn's lisa sylvester is joining us now with details. what do viewers across the country need to know right now? >> wolf, what lawmakers are capitol hill debating right now could have a direct impact on homeowners across the board and doesn't matter just off of wall street or smack dab on main street. >> you basically have 270 degrees of pure ocean. >> reporter: amazing views, luxury bathrooms and a gourmet kitchen. the owner of this $8 million penthouse home in cocoa grove, florida, eager to sell it before the end of the year because of the pending fiscal cliff. unless congress acts by year end, capital gains taxes go up. for homeowners with equity, selling now makes a big difference. >> selling the property $10 million sales price an they have a $5 million cost, in the property, there's a potential $5 million profit capital

cliff does happen, then the data doesn't come in stronger, right? >> absolutely. i understand all that, right? i do think -- i mean, the seaivity post-election just seems somewhat disingenuous to me. if you read nate silver or look at intrade, they were telling you all along the president would be re-elected. i don't understand all of a sudden the markets go bad given current administration. which, by the way, is the same administration we operated under over the past four years and returns were actually pretty favorable. i don't quite understand those dynamics but they are what they are. >> what about the idea that in the past couple of years, leading up to the t.a.r.p. vote, leading up to the debt downgrade, markets didn't price it in well enough to the point where they didn't decline precipitously in the days and weeks ahead, days and weeks before, right? >> yeah. the markets are seemingly less anticipa anticipa anticipateory. at the same time, these factors can't be ignored. i'm putting a little faith in our political process here which is a dangerous strategy, but i do think we're get better clarity. clarity is key. w

sea diving ninja app hipster glasses 5% cash back sign up to get 5% everywhere online through december. only from discover. >>> areas hardest hit by sandy now have a nor'easter on their hands. >> facing the fiscal cliff sides talking about compromise in the wake of president obama's re-election. >> not so fast, the dea with something to say about colorado voting to legalize marijuana. you knew this was going to happen. welcome back to "early start," we're happy you're with us. >> it's great to see you. it is 29 minutes half tafter th right now. a sequel to a horror movie. that is how the powerful nor'easter is described that is battering the northeast this morning. thousands of people forced to endure driving snow in the dark. more than 600,000 customers are now without power, some with nine days including me not that we need to know my problems, but not these people. a two to four foot storm surge and half a foot of snow. more than a thousand flights canceled in new york and philadelphia. and the path train between new jersey and new york is back to limited service under the hudson river after being shut down ahead of the storm. penn station in new york closed for a while last night. but thankfully

sea of oman, ignoring radio warnings and flown into iran air space. so far, the white house has not commented about these allegations. >>> if congress and president obama do not avoid the so-called fiscal cliffing economy could slow even more. state analysts say california's first projected budget surpluses in a decade could quickly turn into an $11 billion deficit unless a deal is struck. california would experience tax rate hikes and massive spending cuts. >>> the fiscal cliff could also endanger the future of charities. nonprofit organizations are telling washington they can't survive if their funding is slashed or if they made changes that would limit the incentives of making a donation. congress is considering a proposal that would cut from 35 to 28% the amount wealthy americans could write off in charitable donations. >> a 1% decline in giving to american higher education would result in a loss of $300 million a year to colleges and universities. >> nonprofits have launched a new lobbying effort, including a website asking charities to contact their members of congress. >>> a penny more a mile. that is what you will get under the new standard mileage rates when you file your taxes. the