. >> i saw a map that this area was severely shean in 1906 although almost no houses were here.e can expect the same action? >> i think you have to different differentiate, but you may not get as much damage here as you would at the shore line or san francisco bay. this is a rough site -- >> if you're going to be out in richmond, it's right there. >> yeah. i have heard that along ocean beach here and a few blocks in, there are some special hazards because of the fact that there's water underlying the ground and so on. is that -- >> yeah. there are hazards associated with anu$quake. obviously the firstçó one is ground shaking which we talked about. then there are other gee owe logic hazards and that's where the sand turns to quick sand, especially the sands that are beneath the water level. other hazards associated is lateral spedding. after the soil lick -- becomed and flows, the dense --ification. >> if i eat a box of cereal and it's full, it's two inches down. >> that's true. damages associated with those phenomenas are severe. you've seen pictures along valencia street where

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let's listen to national security advisor shean donovan, who yesterday talked to the press about some of the issues, international issues, security issues that are facing the leaders as they gather for the nato summit. >> the focus will be on security issues friday evening. the next morning the focus will turn to the economy. of course the global economy, especially the economic situation in the eurozone, are going to be at the top of the agenda. this is the first opportunity for the leader of the major developed economies to meet face to face since thepresident hollande's election in france. this will be the first for the prime minister of italy and prime minister noda of japan. obviously this comes at a very delicate time with respect to the european economy, the eurozone economy. >> that's national security advis advisor. laura gallagher on facebook about the discussion we're having this morning about the debt ceiling writes, let the bush tax cuts expire. tax cuts during wartime, really? it's almost laughable. time and again under bush the war funding was never in the budget. emerg

someone earlier, i think it was shean donovan, referred to housing as being the atm of the economy. and that is gone. we're not going to see that same kind of growth. and in fact, that 40% or so contribution to growth is -- it has disappeared and we have to make that up and pay that back. so that will have a negative overhang. i think that we're a resilient economy, dynamic, we can change, and we have great enterprises. the last two panels on business sort of i think point to the opportunity that we have. but it's something we have to be watchful of. in our portfolio we're tilted more towards large cap quality growth kinds of companies that have some exposure to emerging markets and some prospect sustainable growth, because growth is a risk. >> bruce, i know your firm has a very global perspective on your work, your investments. what kinds of global risk factors do you see that would impinge on the u.s. recovery? are there international risk factors? >> significant risk factors. start with the obvious. global growth slowing, and the risk factor that that brings. and the $8 trillion

housing secretary shean donovan and arnie duncan saying they support same sex marriage as well.re calling for the president to take the exact same stand. but so far he supported only same sex civil unions. it's the top story at the bottom of the hour. ed henry is on it from the white house. ed, they are saying the president's views are still evolving. >> yeah, shep. the problem among the president's supporters is they are getting impatient because those views have been evolving since late 2010. and it appeared yesterday on meet the press that vice president biden was all but endorsing same sex marriage. so jay carney, the spokesman today really got tied into knots as he was trying to insist this is no change in policy. take a listen. >> when people have asked him that and he has no update to give them or no change in his views to put forward, that he is simply saying i have nothing new for you on that. his position was what it was. >> it is what it was. but it was still confusing beings exactly what it was. and further complicating this is that tomorrow voters in north carolina

you know, you have the hud secretary shean donovan who is on record supporting same-sex marriage.e moving this closer to the edge, and things like this are going to happen. they'll find opportunities where they are much more forward leaning and it's very difficult to walk back. i don't know how they choreograph this. but the expectation is if they get into a second term, that's when it will be done. and then a lot of supporters are looking at that is much more soon. >> i think they do it now. i think this forces the conversation. i think before the convention. >> as forward leaning as dick cheney? >> oh, good gracious. >> causing problems once again on sunday's "meet the press." great show. >>> ron wyden, let's change topics. >> young people ask me about gay marriage, i just don't. i want to talk about jobs. >> you have had the courage to do something on medicare that no one else has had the ducourage do, is put it out front and center and admit the truth, which is medicare as a matter of math is going to go bankrupt unless washington gets serious. and unless democrats and republi